Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 73

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 73
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#### 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 30, 2024, respectively, which primarily consist of depreciation and amortization and changes in fair value (depreciation and amortization of $34.5 million and $36.4 million and fair value decrease of $8.9 million and 20.6 million, respectively). For the three months ended June 30, 2025 we had Adjusted EBITDA of $147.1 million as compared to $79.3 million for the same period in 2024. The increase in net income attributable