Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 73

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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Item 1.Financial Statements (Unaudited)

Kennedy-Wilson Holdings, Inc.

Consolidated Balance Sheets

(Unaudited)

(Dollars in millions, except share and per share amounts)

March 31,2025December 31,2024AssetsCash and cash equivalents$356.6 $217.5 Accounts receivable, net (including $11.5 and $12.4 of related party)35.0 38.7 Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $995.6 and $949.1)4,336.6 4,290.4 Unconsolidated investments (including $1,911.1 and $1,884.4 at fair value)2,084.7 2,042.4 Loan purchases and originations, net of allowance for credit losses205.1 231.1 Other assets, net139.1 141.0 Total assets(1)$7,157.1 $6,961.1 LiabilitiesAccounts payable$9.1 $10.8 Accrued expenses and other liabilities557.7 529.4 Mortgage debt2,620.7 2,597.2 KW unsecured debt2,053.6 1,877.9 KWE unsecured bonds323.8 309.8 Total liabilities(1)5,564.9 5,325.1 EquityPreferred stock 1,000,000 shares authorized, Series A cumulative preferred Stock, $0.0001 par value, $1,000 per share liquidation preference,  300,000 shares outstanding as of March 31, 2025 and December 31, 2024, Series B cumulative preferred Stock, $0.0001 par value, $1,000 per share liquidation preference, 300,000 shares outstanding as of March 31, 2025 and December 31, 2024 and Series C cumulative preferred Stock, $0.0001 par value, $1,000 per share liquidation preference, 200,000 shares outstanding as of March 31, 2025 and December 31, 2024789.7 789.7 Common stock, $0.0001 par value per share, 200,000,000 authorized, 138,293,288 and 137,442