Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 274

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 274
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ions)$10.1 $— $10.1 4 %Industrial and Other Real Estate InvestmentsIndustrial square feet (millions)(2)12.2 — 12.218 %US Office square feet (millions)(2)5.3 1.34.034 %Europe Office feet square feet (millions)(2)4.3 2.51.875 %Retail square feet (millions)(2)2.7 1.11.643 %Hotels(2)1 — 135 %

(1) Weighted-average ownership percentages.

(2) Includes amounts for properties that are stabilized, under development and unstabilized.

As of June 30, 2025, our global team, managed $30.1 billion of AUM (as noted above) of which $29.3 billion is operating properties and real estate loans (excluding development properties) which produced total revenue of $1.0 billion ($370.1 million at KW's share) compared to $25.9 billion of operating properties as of June 30, 2024 with total revenue of $976.7 million ($368.3 million at KW's share).  In addition, as of June 30, 2025, we held interests in 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