Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 215

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 215
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ated PortfolioCo-Investment PortfolioNet (loss) income$221.2 $52.4 $219.6 $70.8 Add: Provision for income taxes64.9 — 67.6 — Less: Income from unconsolidated investments(52.4)— (70.8)— Less: Gain on sale of real estate, net(1)(328.5)3.1 (402.0)3.1 Add: Interest expense44.5 8.8 96.1 16.7 Add: Loss on early extinguishment of debt23.8 — 38.6 — Add: Other loss0.7 — 4.0 7.5 Less: Sale of real estate(1)— 2.6 — (19.1)Less: Loans(2.2)(0.5)(3.8)— Less: Investment management(9.3)— (17.4)— Less: Carried interests— (16.1)— (15.7)Add: Cost of real estate sold(1)— 1.1 — 17.0 Add: Compensation and related48.4 — 83.0 — Add: Carried interests expense0.2 — 0.3 — Add: General and administrative 9.0 — 15.8 — Add: Depreciation and amortization 41.7 1.5 86.1 3.3 Less: Fair value adjustments— (25.9)— (30.2)Less: NCI adjustments(1.4)— (3.3)— Net Operating Income$60.6 $27.0 $113.8 $53.4 

(1) The Company’s joint ventures in its Co-Investment business segment predominantly acquire and hold and may ultimately dispose of operating properties which are presented by the Company as net gain or loss on disposition under ASC Topic 606, because the disposition is not considered an “output of the entity’s ordinary activities.” Certain joint ventures in the same business segment, however, dispose of non-operating properties (such as land and condominiums) from time-to-time, and such sales are an “output of the entity’s ordinary activities” under Topic 606. Accordingly the sale of such real estate is presented by the Company on