Company: KW
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001408100-25-000092
Chunk: 155

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-03-03
Form: 424B3
Chunk 155
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 of the associated lease. For ground leases the rate implicit in the lease was used to determine the right of use asset.

The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee:

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#### Kennedy-Wilson Holdings, Inc.

### Notes to Consolidated Financial Statements—(continued)

#### December 31, 2024 2023 and 2022
| (Dollars in millions)              |     | Minimum         
 Rental Payments |       |
|:-----------------------------------|:----|:----------------|------:|
| 2025                               |     | $               |   1.0 |
| 2026                               |     |                 |   1.3 |
| 2027                               |     |                 |   1.3 |
| 2028                               |     |                 |   1.3 |
| 2029                               |     |                 |   1.3 |
| Thereafter                         |     |                 |  29.1 |
| Total undiscounted rental payments |     |                 |  35.3 |
| Less imputed interest              |     |                 | -26.7 |
| Right of use asset                 |     | $               |   8.6 |

Rental expense was $1.1 million, $0.7 million, and $0.6 million for the years ended December 31, 2024, 2023 and 2022, respectively, and is included in general and administrative expense on the accompanying consolidated statements of operations.

#### NOTE 8—MORTGAGE DEBT
The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2024 and 2023:

| (Dollars in millions)                  | Mortgage Debt by Product Type |                | Region | Carrying amount of mortgage debt as of December 31,(1) |    2024 |     |   |    2023 |
|:---------------------------------------|:------------------------------|:---------------|:-------|:-------------------------------------------------------|--------:|:----|:--|--------:|
| Multifamily(1)                         |                               | Western U.S.   |        | $                                                      | 1,664.9 |     | $ | 1,711.0 |
| Commercial