Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 125

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 125
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)                      |     |                                   |  -0.2 |     |   |  -0.9 |
| Less:Reimbursement of recoverable operating expenses |     |                                   | -16.8 |     |   | -16.4 |
| Less:Properties bought and sold(3)                   |     |                                   |  -5.1 |     |   | -26.7 |
| Less:Other properties excluded(4)                    |     |                                   | -19.6 |     |   | -10.9 |
| Other Reconciling Items(5)                           |     |                                   |   2.2 |     |   |   0.6 |
| Same Property                                        |     | $                                 | 248.7 |     | $ | 244.4 |

|                                                   | Same Property (Reported) | Same Property - Revenue(6)*         
 For the Three Months Ended June 30, |  2025 |     |   |  2024 |
|:--------------------------------------------------|:-------------------------|:------------------------------------|------:|:----|:--|------:|
| Office - Same Property                            |                          | $                                   |  57.1 |     | $ |  58.4 |
| Multifamily Market Rate Portfolio - Same Property |                          |                                     | 152.4 |     |   | 148.9 |
| Multifamily Affordable Portfolio - Same Property  |                          |                                     |  39.2 |     |   |  37.1 |
| Same Property                                     |                          | $                                   | 248.7 |     | $ | 244.4 |

(*) This is a Non-GAAP financial measure. Please see “Non-GAAP Measures and Certain Definitions” for a further explanation and discussion.

(1) Represents rental revenue and hotel revenue attributable to non-controlling interests.

(2) Represents the Company’s share of unconsolidated investment rental revenues, as applicable, which are within the applicable same property population.

(3) Represents properties excluded from the same property population that were purchased or sold during the applicable period.

(4) Represents properties excluded from the same property population that were not stabilized during the applicable period, or retail or industrial properties.

(5) Represents other properties excluded from the same property population that were not classified as a commercial or multifamily property within the Company’s portfolio. Also includes immaterial adjustments for foreign exchange rates, changes in ownership percentages, and