Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 110

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 110
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 |       |     |     |  43.7 |       |     |                              |  62.9 |       |     |                  |  41.5 |       |
| Same Property                                      |     |                              |     $ | 476.6 |     |     |     $ | 339.0 |     |                              |     $ | 462.0 |     |                  |     $ | 328.7 |
| Straight-line  rent adjustment (net)               |     |                              |  -2.8 |       |     |     |  -2.8 |       |     |                              |  -6.0 |       |     |                  |  -2.8 |       |
| Same Property (Excluding Straight-Line Rents)      |     |                              |     $ | 473.8 |     |     |     $ | 336.2 |     |                              |     $ | 456.0 |     |                  |     $ | 322.7 |

(1) Represents rental revenue and operating expenses and hotel revenue and operating expenses attributable to non-controlling interests. (2) Represents the Company’s share of unconsolidated investment rental revenues and net operating income, 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 periods, or retail or industrial properties. (5) Represents other properties excluded from the same property population that were not classified as either a commercial or multifamily property within the Company’s portfolio. Also includes immaterial adjustments for foreign exchange rates, changes in ownership percentages and certain non-recurring income and expenses. (6) Excludes above/below market rents from the same property population, as they are representative of non-cash purchase price accounting income. (7) Please see below for a reconciliation of Same Property NOI (Net Effective) to its closest GAAP measure.

Kennedy Wilson/ Proxy Statement 2025 /A-3

#### APPENDIX A
A reconciliation of same property NOI (Net Effective) to Net Income as of December 31, 2024 and December 31, 2023 ($ in millions) is presented below:

|                                                    |     | Same Property – NOI (Net Effective)(6) 
 For the Year Ended December 31,        
 2024                                   |   |        |