Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 220

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 220
---
29.2)— (64.7)Gain on early extinguishment of debt— — 0.3 — — 0.3 Other income (loss)0.1 9.6 (6.1)3.2 — 6.8 Income before provision for income taxes  37.7 57.2 86.3 77.5 (194.3)64.4 Provision for income taxes— (14.4)(0.2)(12.1)— (26.7)Net income37.7 42.8 86.1 65.4 (194.3)37.7 Net loss attributable to the noncontrolling interests— — — 0.1 — 0.1 Preferred dividends(10.9)— — — — (10.9)Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders   $26.8 $42.8 $86.1 $65.5 $(194.3)$26.9 

33

Table of Contents

Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of our financial condition and results of operations contains forward-looking statements within the meaning of the federal securities laws. See the discussion under the heading “Forward-looking Statements” elsewhere in this report. Unless specifically noted otherwise, as used throughout this Management’s Discussion and Analysis section, “we,” “our,” "us," "the Company" or “Kennedy Wilson” refers to Kennedy-Wilson Holdings, Inc. and its wholly-owned subsidiaries.  “Equity partners” refers to third-party equity providers and non-wholly-owned subsidiaries that we consolidate in our financial statements under U.S. GAAP.  Please refer to “Non-GAAP Measures and Certain Definitions” for definitions of certain terms used throughout this Management’s Discussion and Analysis Section.   

Company Overview 

We are a real estate investment company as well as an investment manager with over $28.6 billion of Real Estate Assets Under Management (“AUM”) in high growth markets across the United States, the United Kingdom and Ireland.  With an objective of generating strong long-term risk-adjusted returns for our shareholders and partners and drawing on over three decades of experience in identifying opportunities and building value through various market cycles, we primarily focus on (i) investing in the rental housing sector