Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 137

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 137
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)Less: Loans(31.2)(26.1)Less: Total Income from unconsolidated investments(6.5)252.8 Less: Gain on sale of real estate, net(160.1)(127.6)Add: Compensation and related134.8 139.4 Add: Carried interests compensation(16.6)(15.1)Add: General and administrative38.8 35.7 Add: Depreciation and amortization148.3 157.8 Add: Interest Expense261.1 259.2 Add: Gain (loss) on early extinguishment of debt1.7 1.6 Less: Other income (loss)(4.2)5.0 Add: Provision for income taxes10.2 (55.3)Less: NCI adjustments (1)(7.5)(8.0)Add:  Unconsolidated investment adjustments (2)134.4 131.0 Add:  Straight-line and above/below market rents (6)(1.1)(1.8)Less: Properties bought and sold (3)(14.0)(54.8)Less: Other properties excluded (4)(13.2)(20.2)Other Reconciling Items (5)(1.9)0.6 Same Property NOI (Net Effective)*$339.0 $328.7 

Same Property - NOI (Net Effective)(6)*For the Year Ended December 31,Same Property (Reported)20242023Office - Same Property$94.6 $92.8 Multifamily Market Rate Portfolio - Same Property200.7 194.4 Multifamily Affordable Portfolio - Same Property43.7 41.5 Same Property NOI (Net Effective)* (Reported)$339.0 $328.7 

(*) This is a Non-GAAP financial measure. Please see our “Common Definitions” for a further explanation and discussion.

(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 period, or retail