Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 114

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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 to the Company. Investing distributions related to: (i) recapitalization of a multifamily portfolio consisting of nine (9) properties, totaling 2,809 units, reducing the Company's ownership from 51% to 10%; (ii) recapitalization of a portion of the Company's interest in Kona Village, (iii) receipt of excess proceeds from multifamily properties that were refinanced, (iv) the payoff of a loan in the Company's European debt platform and (v) the redemption of our interests in certain hedge funds.Income (Loss) from Unconsolidated Investments    The following table presents income (loss) from unconsolidated investments recorded by Kennedy Wilson during the three and nine months ended September 30, 2025 and 2024:

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Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,(Dollars in millions)2025202420252024Income from unconsolidated investments - operating performance$10.5 $5.6 $30.1 $19.4 Income from unconsolidated investments - realized gains17.4 — 17.4 — Loss from unconsolidated investments - fair value(2.2)(9.5)(0.4)(19.4)Income (loss) from unconsolidated investments - carried interests Funds0.1 (9.3)(5.4)(34.9)Income (loss) from unconsolidated investments - carried interests co-investments8.7 (7.1)4.0 (10.2)$34.5 $(20.3)$45.7 $(45.1)    The increase in income from unconsolidated investments related to the following items: (i) the recapitalization of a 687-unit Southern California multifamily community that the Company did not account for at fair value, reducing the Company's ownership from 51% to 10% through a new joint venture and resulting in $17 million of cash (that was received in the fourth quarter of 2025) and a gain on sale of real estate, net of $17.1 million; (ii) increase in rental operations due to the growth of our Co-Investment Portfolio; and (iii) improved hotel operations at Kona Village as the property continues to progress towards stabilization.