Kennedy-Wilson (KW) Registration Filing summary

Company overview and business model

• Operates as a real estate investment company with over $27 billion in assets under management across the US, UK, and Ireland, focusing on rental housing and industrial properties, as well as originating and managing real estate loans, primarily senior construction loans for multifamily and student housing developments by institutional sponsors in the US.

• Recent strategic focus on expanding investment management and co-investment platforms, investing minority positions with potential for carried interest and earning asset management fees.

Financial performance and metrics

• As of June 30, 2024, had approximately $5.3 billion in consolidated indebtedness outstanding, excluding intercompany debt.

• Common stock last reported at $11.20 per share on October 24, 2024, with 137,411,923 shares outstanding as of August 5, 2024.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of Series A Preferred Stock; all net proceeds go to selling stockholders.

• Will bear all costs, expenses, and fees related to the registration and sale, except for commissions and discounts attributable to the selling stockholders.