Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 69

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 69
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Same Property - Revenue(6)*For the Three Months Ended September 30,Same Property (Reported)20252024Office - Same Property$27.6 $28.0 Multifamily Market Rate Portfolio - Same Property74.1 72.5 Multifamily Affordable Portfolio - Same Property20.5 20.0 Same Property$122.2 $120.5 

82

Same Property - Revenue(6)*For the Nine Months Ended September 30,20252024Total Revenue$380.4 $395.9 Less: Investment management fees(84.8)(69.0)Less: Loans(17.2)(23.7)Less: Other(0.6)(0.9)Less: NCI adjustments (1)(5.9)(8.3)Add:  Unconsolidated investment adjustments (2)155.6 151.5 Add:  Above/below market rents (6)(0.3)(1.0)Less: Reimbursement of recoverable operating expenses(24.2)(23.6)Less: Properties bought and sold (3)(19.5)(54.9)Less: Other properties excluded (4)(32.1)(19.0)Other Reconciling Items (5)(1.4)(1.8)Same Property$350.0 $345.2 

Same Property - Revenue(6)*For the Three Months Ended September 30,Same Property (Reported)20252024Office - Same Property$82.8 $84.5 Multifamily Market Rate Portfolio - Same Property208.4 204.5 Multifamily Affordable Portfolio - Same Property58.8 56.2 Same Property$350.0 $345.2 (*) This is a Non-GAAP financial measure. Please see “Non-GAAP Measures and Certain Definitions” for a further explanation and discussion.

(1) Represents rental revenue and hotel revenue attributable to non-controlling interests.

(2) Represents the Company’s share of unconsolidated investment rental revenues, as applicable, which are within the applicable same property population.

(3) Represents properties excluded from the same property population that were purchased or sold during the applicable period.

(4) Represents properties excluded from the same property population that were not stabilized during the applicable period, or retail or industrial properties.

(5) Represents other properties excluded from the same property population that were not