Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 35

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 35
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 | $       | — |     | $       |     — |     | $       | 1,829.6 |     | $     | 1,829.6 |
| Net currency derivative contracts |     |         | — |     |         | -58.7 |     |         |       — |     |       |   -58.7 |
| Total                             |     | $       | — |     | $       | -58.7 |     | $       | 1,829.6 |     | $     | 1,770.9 |

The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2024:

| (Dollars in millions)             |     | Level 1 |   |     | Level 2 |      |     | Level 3 |         |     | Total |         |
|:----------------------------------|:----|:--------|:--|:----|:--------|-----:|:----|:--------|--------:|:----|:------|--------:|
| Unconsolidated investments        |     | $       | — |     | $       |    — |     | $       | 1,884.4 |     | $     | 1,884.4 |
| Net currency derivative contracts |     |         | — |     |         | -1.2 |     |         |       — |     |       |    -1.2 |
| Total                             |     | $       | — |     | $       | -1.2 |     | $       | 1,884.4 |     | $     | 1,883.2 |

Unconsolidated Investments

Kennedy Wilson elected to use the fair value option for 72 unconsolidated co-investments to more accurately reflect the timing of the value created in the underlying investments and report those results in current operations. Kennedy Wilson's investment balance in the FV Option investments was $1,723.8 million and $1,787.7 million at June 30, 2025 and December 31, 2024, respectively, which is included in unconsolidated investments in the accompanying balance sheets.

Additionally, Kennedy Wilson records its investments in its Funds based upon the net assets that would be allocated to its interests in the Funds, assuming the Funds