Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 332

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 332
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BITDA.

Three Months Ended June 30,(dollars in millions)20252024202320222021Net income (loss)      $5.6 $(48.3)$47.3 $(0.9)$221.2 Non-GAAP adjustments:Add back (less):Depreciation and amortization34.5 36.4 40.1 43.3 41.7 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments0.9 1.1 0.8 0.9 1.4 Share-based compensation6.5 6.0 7.3 7.3 7.3 Preferred dividends(10.9)(10.9)(8.4)(7.8)(4.3)Net income attributable to the noncontrolling interests, before depreciation and amortization(2.1)(1.1)(1.1)(1.4)(2.7)Adjusted Net Income (Loss)(1)$34.5 $(16.8)$86.0 $41.4 $264.6 

75

(1)  See "Non-GAAP Measures and Certain Definitions" for definitions and discussion of Adjusted Net Income.

Six Months Ended June 30,(dollars in millions)20252024202320222021Net (loss) income     $(24.0)$(10.6)$18.6 $39.1 $219.6 Non-GAAP adjustments:Add back (less):Depreciation and amortization68.6 75.3 79.5 86.6 86.1 Kennedy Wilson's share of depreciation and amortization included in unconsolidated investments1.8 2.0 1.6 2.0 3.1 Share-based compensation12.8 11.2 14.4 14.4 15.0 Preferred dividends(21.8)(21.8)(16.3)(13.1)(8.6)Net income attributable to the noncontrolling interests, before depreciation and amortization(3.6)(2.4)(6.5)(2.2)(3.6)Adjusted Net Income(1)$33.8 $53.7 $91.3 $126.8 $311.6 

(1)  See "Non-GAAP Measures and Certain Definitions"