Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 101

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 101
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    0.4 |
| Preferred dividends                                                                                                     |     |                                      |       |     |                |       |     |       |  -32.6 |
| Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders                                              |     |                                      |       |     |                |       |     | $     | -109.6 |

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Financial Highlights

GAAP net loss to common shareholders was $68.4 million and $109.6 million for the nine months ended September 30, 2025 and 2024, respectively. The increase in net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders for the nine months ended September 30, 2025 as compared to the same period in 2024, was primarily due to (i) higher investment management fees relating to a one-time development completion fee related to the completion of a Southern California development project, acquisition fee associated with a multifamily asset in Seattle with a new partner and increased acquisition fees in our construction loan business due to more loan closings; and (ii) fair value gains on real estate and foreign exchange movements unconsolidated investments in the current period compared to fair value losses and higher reversals of carried interest accruals as compared to the same period in 2024. These increases were offset by (i) sales in the first quarter of 2024 generated higher gains on sale compared to the current period and (ii) lower NOI from hotel operations due to the sale of the Shelbourne hotel as compared to the same period in 2024.

Segment Adjusted EBITDA was $392.6 million and $361.9 million for the nine months ended September 30, 2025 and 2024, respectively.

Our consolidated results of operations often are impacted from, among other things, property acquisitions, dispositions, and stabilization of development and redevelopment projects. The results of operations of any acquired properties are included in our financial statements as of the date of acquisition. Our results of operations may also be affected by national, regional and local economic conditions, as well as macroeconomic conditions, which are at times subject to volatility and uncertainty such as the recent market volatility as a result of changes in tariff policies.

Operational Highlights

Same store property highlights for the nine months ended September 30, 2025 include:

• For our 15,815 same property multifamily units for the nine months ended September 30, 2025 as compared to the