Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 152

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 152
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125 real estate loans in our global debt platform, 87% of which have floating interest rates, with an average interest rate of 8.6% per annum, an unpaid 

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principal balance of $4.8 billion ($228.6 million at KW's share) compared to 115 real estate loans, 84% of which had floating interest rates, with an average interest rates of 9.1% per annum, and an unpaid principal balance of $5.1 billion ($271.2 million at KW's share) during the same period in 2024. During the six months ended June 30, 2025, the Company also completed a total of $678.9 million of gross acquisitions and $1,961.2 million of loan investments (KW's ownership interest of 17.9% and 2.5%, respectively) and $685.2 million of gross dispositions and $802.7 million of loan repayments (KW's ownership interest of 77.9% and 5.0%, respectively). 

Investment Approach    

The following is our investment approach: 

•Identify markets with an attractive investment landscape and the potential for growth

•Establish operating platforms in our target markets

•Develop local intelligence and create and maintain long-lasting relationships, primarily with financial institutions and the brokerage community

•Leverage relationships and local knowledge to drive proprietary investment opportunities with a focus on off-market transactions that we expect will result in above average cash flows and returns over the long term

•Acquire high quality assets, primarily through our investment management platform with strategic partners and funds that we manage

•Reposition assets to enhance cash flows post-acquisition

•Explore development opportunities or acquire development assets that fit within our overall investment strategy

•Continuously evaluate and selectively harvest asset and entity value through strategic realizations using both the public and private markets

In order to help the user of the financial statements understand our company, we have included certain five-year selected financial data.  The following table shows selected financial items for the three and six months ended June 30, 2025 dating back to 2021.

Three Months Ended June 30,($ in millions, except fee bearing capital and AUM which $ in billions)20252024202320222021GAAPRevenues$135.7 $132.0 $146.5 $136.1 $108.4 Net (loss) income attributable to Kennedy-Wilson Holdings, Inc.