Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 278

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 278
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.9 Common shares outstanding137.9 137.4 138.7 137.8 138.0 

The following table shows the historical U.S. federal income tax treatment of Company’s common stock dividend for the years ended December 31, 2024 through 2020:  

December 31,20242023202220212020Taxable Dividend100.00 %— %37.81 %— %27.14 %Non-Taxable Return of Capital— %100.00 %62.19 %100.00 %72.86 %Total100.00 %100.00 %100.00 %100.00 %100.00 %

44

Quarter to Date Highlights

During the three months ended June 30, 2025, we achieved the following:

•Completed a recapitalization transaction with respect to a hotel property that the Company owns through a joint venture. This transaction resulted in the Company receiving $125 million of cash and reducing the Company's ownership interests in the joint venture from 50% to 35%.  The underlying joint venture secured an increase in the loan amount under its existing mortgage by an additional $150 million (inclusive of a $25 million reserve) and the entirety of the $125 million initial proceeds were used by the joint venture to redeem a portion of the Company's ownership interests as described above.  

•Repaid $178.7 million on the Company's revolving line of credit.

•Originated $1,237.1 million ($30.9 million at our share) of new senior construction loans through our debt investment platform.

•Generated total investment management fees of $36.4 million, an increase of 39% from the first quarter of 2024, including a $7 million development completion fee related to the completion of a development project.

•Continued to see strength in our stabilized multifamily portfolio which saw same-property revenue growth of 2.9% and same-property NOI growth of 3.5%.

For the three months ended June 30, 2025, we had net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders of $6.4 million as compared to $59.1 million for the same period in 2024.  These results include $49.8 million and $62.9 million of non-cash items for the three months ended June 30, 2025 and June