Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 43

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 43
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 the Western United States.

The Company has loan purchases and originations outstanding of $209.9 million and $231.1 million at June 30, 2025 and December 31, 2024, respectively. For the three and six months ended June 30, 2025 the Company had loan income of $5.7 million and $11.5 million, respectively, and for the three and six months ended June 30, 2024 the Company had loan income of $8.0 million and $16.1 million, respectively. The Company had $19.0 million and $34.8 million of investment management fees which includes base management fees and origination fees for the three and six months ended June 30, 2025, respectively, as compared to $15.9 million and $29.2 million for the three and six months ended June 30, 2024, respectively. The decline in the loan balance and interest income is primarily due to the Company taking a lower ownership percentage in newer loans. The Company's lower ownership interest however, leads to higher investment management fees as the Company receives higher fees as it increases the amount of assets under management. The Company also completed a deed-in-lieu transaction on a retail asset in its bridge loan portfolio that had a $14.4 million loan balance at the Company's share. The Company did not recognize any gain or loss as the fair value of the underlying real estate approximated the loan balance.

For the three and six months ended June 30, 2025, the Company recorded a $2.6 million and $3.1 million credit loss reserve, and for the three and six months ended June 30, 2024, the Company recorded a $3.0 million and $8.5 million credit loss reserve, respectively, in other income. See Note 2 for more detail on CECL reserves.

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#### Kennedy-Wilson Holdings, Inc.

### Notes to Consolidated Financial Statements
<div align='center'>(Unaudited)</div>

#### NOTE 7—OTHER ASSETS, NET
Other assets consist of the following:

|                                                                                                                                 | (Dollars in millions) |   | June 30, 2025 |     |   | December 31, 2024 |
|:--------------------------------------------------------------------------------------------------------------------------------|:----------------------|:--|--------------:|:----|:--|------------------:|
| Straight line rent receivable                                                                                                   |