Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 146

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 146
---
, 2023, respectively— — Additional paid-in capital1,712.8 1,718.6 Accumulated deficit(493.7)(349.0)Accumulated other comprehensive loss(407.6)(404.4)Total Kennedy-Wilson Holdings, Inc. shareholders’ equity1,601.2 1,755.1 Noncontrolling interests34.8 43.3 Total equity1,636.0 1,798.4 Total liabilities and equity$6,961.1 $7,712.1 

(1) The assets and liabilities as of December 31, 2024 include $169.3 million (including cash held by consolidated investments of $4.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $128.7 million) and $49.6 million (including investment debt of $50.0 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2023 include $154.9 million (including cash held by consolidated investments of $3.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $121.8 million) and $101.4 million (including investment debt of $54.9 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

See accompanying notes to consolidated financial statements.

66

Kennedy-Wilson Holdings, Inc. 

 Consolidated Statements of Operations  

(Dollars in millions, except per share data)

 Year ended December 31,202420232022RevenueRental$390.6 $415.3 $434.9 Hotel9.3 57.1 46.9 Investment management fees (includes $49.3, $51.9, and $44.8 of related party fees, respectively)98.9 61.9 44.8 Loans31.2 26.1 11.7 Other1.4 2.2 1.7 Total revenue531.4 562.6 540.0 Income (loss) from unconsolidated investmentsPrincipal co-investments56.2 (188.5)199.5 Carried