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
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6
© 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.
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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.
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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.