Company: KW
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001408100-25-000117
Chunk: 9

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 9
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 2024 include $169.3 million (including cash held by consolidated investments of $4.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $128.7 million) and $49.6 million (including investment debt of $50.0 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

<div align='center'>See accompanying notes to consolidated financial statements.

1</div>

#### Kennedy-Wilson Holdings, Inc.

### Consolidated Statements of Operations
<div align='center'>(Unaudited)

(Dollars in millions, except share and per share amounts)</div>

| Revenue                                                                             |     | Three Months Ended March 31, |     | 2025 |             |     | 2024 |             |
|:------------------------------------------------------------------------------------|:----|:-----------------------------|:----|:-----|------------:|:----|:-----|------------:|
| Rental                                                                              |     |                              |     | $    |        97.3 |     | $    |        97.4 |
| Hotel                                                                               |     |                              |     |      |           — |     |      |         9.3 |
| Investment management fees (includes $15.6 and $14.4 of related party fees)         |     |                              |     |      |        25.0 |     |      |        21.3 |
| Loan                                                                                |     |                              |     |      |         5.8 |     |      |         8.1 |
| Other                                                                               |     |                              |     |      |         0.2 |     |      |         0.3 |
| Total revenue                                                                       |     |                              |     |      |       128.3 |     |      |       136.4 |
| Income (loss) from unconsolidated investments                                       |     |                              |     |      |             |     |      |             |
| Principal co-investments                                                            |     |                              |     |      |        19.6 |     |      |         9.7 |
| Carried interests                                                                   |     |                              |     |      |        -8.2 |     |      |       -16.4 |
| Total income (loss) from unconsolidated investments                                 |     |                              |     |