Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 93

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 93
---
 Italy and the United Kingdom. These dispositions generated $123.1 million of cash to KW and a gain on sale of $52.4 million.

Rental expenses was $35.4 million for the three months ended June 30, 2025 as compared to $37.0 million for the three months ended June 30, 2024. The decrease is due to asset sales as discussed above.

Compensation and related expenses increased to $8.7 million for three months ended June 30, 2025 as compared to $7.8 million for the three months ended June 30, 2024 due to higher allocations of overhead expenses to the Consolidated segment as there were higher gains on sale of real estate, net in the current period.

General and administrative expenses increased to $3.6 million for three months ended June 30, 2025 as compared to $3.3 million for the three months ended June 30, 2024 due to higher allocations of overhead expenses to the Consolidated segment as discussed above.

Other loss was $1.5 million for the three months ended June 30, 2025 as compared to other income of $0.5 million for the three months ended June 30, 2024. We recorded mark to market fair value losses of $1.1 million on undesignated interest rate caps and swap contracts associated with consolidated investments held in the current period, primarily at KWE. We received $2.6 million in cash payments on these derivatives during the three months ended June 30, 2025. We entered into these undesignated contracts to hedge against rising interest rates. We also had realized foreign exchange losses of $0.7 million for the three months ended June 30, 2025. Other income for the three months ended June 30, 2024 was due to mark to market fair value gains of $1.7 million and received $4.7 million in cash payments. We also had realized foreign exchange losses of $1.5 million for the three months ended June 30, 2024.

The following items are not in Segment Adjusted EBITDA above for the Consolidated portfolio but are in net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders:

Depreciation and amortization decreased to $34.5 million during the three months ended June 30, 2025 as compared to $36.4 million for the same period in 2024 due to sales and de