Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 351

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 351
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 $84.5 Multifamily Market Rate Portfolio - Same Property208.4 204.5 Multifamily Affordable Portfolio - Same Property58.8 56.2 Same Property$350.0 $345.2 (*) This is a Non-GAAP financial measure. Please see “Non-GAAP Measures and Certain Definitions” for a further explanation and discussion.

(1) Represents rental revenue and hotel revenue attributable to non-controlling interests.

(2) Represents the Company’s share of unconsolidated investment rental revenues, as applicable, which are within the applicable same property population.

(3) Represents properties excluded from the same property population that were purchased or sold during the applicable period.

(4) Represents properties excluded from the same property population that were not stabilized during the applicable period, or retail or industrial properties.

(5) Represents other properties excluded from the same property population that were not classified as a commercial or multifamily property within the Company’s portfolio. Also includes immaterial adjustments for foreign exchange rates, changes in ownership percentages, and certain non-recurring income and expenses.

Same Property - NOI (Net Effective)(6)*For the Three Months Ended September 30,20252024Net Income$(10.2)$(66.8)Less: Investment management fees(23.4)(21.6)Less: Loans(5.7)(7.6)Less: Other(0.1)(0.5)Less: Total Income from unconsolidated investments(34.5)20.3 Less: Gain on sale of real estate, net(11.1)(6.2)Add: Compensation and related30.1 30.0 Add: Carried interests compensation3.0 (5.5)Add: General and administrative7.6 10.2 Add: Depreciation and amortization32.6 36.9 Add: Interest Expense58.4 66.9 Add: Gain (loss) on early extinguishment of debt0.2 0.3 Less: Other income (loss)2.6 13.1 Add: Provision for income taxes3.0 (10.7)Less: NCI adjustments (1)(1.6)(2.0)Add:  Unconsolidated investment adjustments (2)39.1 38.3 Add:  Straight-line and above/below market rents (6)(0.2)(0.1)Less