Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 241

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 241
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5:(Dollars in millions)MinimumRental Revenues(1)2025 (remainder)$28.7 2026107.0 202797.7 202884.2 202966.4 Thereafter125.2 Total$509.2 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

NOTE 4—UNCONSOLIDATED INVESTMENTS

    Kennedy Wilson has a number of joint venture interests including commingled funds and separate accounts, generally ranging from 5% to 50%, that were formed to acquire, manage, develop, service and/or sell real estate.  Kennedy Wilson has significant influence over these entities, but not control.  Accordingly, these investments are accounted for under the equity method.  In many of these investments, Kennedy Wilson earns customary fees in its role as asset manager which are recorded to investment management fees on the statement of operations.Joint Venture and Fund HoldingsThe following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of September 30, 2025:(Dollars in millions)MultifamilyCommercialHotelFundsResidential and OtherTotalWestern U.S.$693.6 $88.3 $119.5 $79.7 $207.0 $1,188.1 Ireland343.8 139.7 — 5.1 — 488.6 United Kingdom19.8 164.3 — 29.9 15.6 229.6 Total$1,057.2 $392.3 $119.5 $114.7 $222.6 $1,906.3 

14

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

    The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2024:(Dollars in millions)MultifamilyCommercialHotelFundsResidential and OtherTotalWestern U.S.$856.0 $74.1 $249.7 $63.4 $183.3 $1,426.5 Ireland279.2 125.1 — 4.9 — 409.2 United Kingdom7.7 154.2