Kennedy Wilson : Third Quarter 2024 Investor Presentation

KW

University Glen Apartments

Camarillo, CA

Kennedy Wilson

Q3-2024 Investor Presentation

TABLE OF CONTENTS

© KENNEDY WILSON

Geo, Shoreline, Washington

Q3-2024 Investor Presentation

SECTION 1

Strategic Review

Page 2

SECTION 2

Real Estate Portfolio

Page 7

SECTION 3

Investment Management Platform

Page 12

SECTION 4

Financial Review

Page 21

SECTION 5

ESG Overview

Page 24

SECTION 6

Appendix

Page 27

1

© KENNEDY WILSON

STRATEGIC REVIEW

The Clara, Boise, Idaho

STRATEGIC INITIATIVES

1 Stabilize Lease-ups and Developments

© KENNEDY WILSON

Q3-2024 Investor Presentation

3

KENNEDY WILSON AT A GLANCE

$28B

~60,000

$8.8B

Assets Under

Multifamily Units

Fee-Bearing

Management1

Owned or Financed2

Capital1

36 years

KW

246 / 15

Investment

NYSE,

Employees / Offices

History

S&P 600 Member

Dovetail, Meridian, Idaho

As of September 30, 2024

A SIMPLIFIED KENNEDY WILSON

$492M

~$60M

~$100M

Estimated Annual NOI

Est. Annual NOI at stabilization

Est. 2024 Investment

(from stabilized

from lease-up and development

Management Fees

portfolio)

portfolio by YE-26

Oxbow, Bozeman, Montana

5

THE KENNEDY WILSON ADVANTAGE

Globally diversified real estate portfolio in growing markets with complementary investment management platform

Long-termrelationships with major financial institutions

Local expertise to accretively allocate capital

First-moveradvantage from early entry in key target markets

Proven 36-yeartrack record as global real estate operator and

© KENNEDY WILSON

investor across the capital structure

Q3-2024 Investor Presentation

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© KENNEDY WILSON

REAL ESTATE PORTFOLIO

Bristol at Southport, Renton, Washington

STABILIZED PORTFOLIO BREAKDOWN

Multifamily, Loans, and Industrial represents ~70% of portfolio

$492M

Sectors

Multifamily: 62%

Estimated

EU Office: 21%

U.S. Office: 6%

Annual NOI1

Loans: 5%

Industrial: 4%

Retail: 2%

$492M

Geography

U.S.: 65%

Estimated

Ireland: 18%

U.K.: 16%

Annual NOI1

Other: 1%

460

No. of investments

~39,000

No. of

multifamily units2

25.4

Commercial Area (sq ft)3

93.6%

Occupancy4

WILSON

KENNEDY©

1 ) As defined in definitions section in the appendix.

2 ) Includes lease-up and development.

3 ) Occupancy at share of stabilized multifamily and commercial assets only and excludes lease-up and development portfolio.

Q3-2024 Investor Presentation

8

TWO KEY INVESTMENT SEGMENTS

Consolidated Portfolio

Wholly-owned investments with accretive asset management opportunities

Co-Investment Portfolio

Real estate and loan investments with strategic partners and commingled fund business (KW ownership 5-50%)

$5.5B

$262M

$16M

Consolidated Assets

Est. Annual NOI

Expected NOI from

Gross Asset Value

(stabilized)

Development / Lease-up

~9,700

4.3M

97%

Stabilized

Stabilized

KW

Multifamily units

Commercial Sq ft

Ownership

$316M

$8.8B

$46M

Estimated Annual

Fee-Bearing

Expected NOI from

NOI + Fees

1

Capital

Development / Lease-up2

~27,000

18.1M

21%

Stabilized

Stabilized

KW

Multifamily units

Commercial Sq Ft

Ownership

© KENNEDY WILSON

1 ) Includes $86M of T-12 base management and origination fees. 2) Assumed midpoint for Kona Village, A Rosewood Resort.

Q3-2024 Investor Presentation

9

Disclaimer

Kennedy Wilson Holdings Inc. published this content on November 19, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 19, 2024 at 18:14:44.288.