Real Estate and In-Place Lease Value (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Schedule of Investment in Consolidated Real Estate Properties

The following table summarizes Kennedy Wilson's investment in consolidated real estate properties at March 31, 2020 and December 31, 2019:

	March 31,			December 31,
(Dollars in millions)	2020			2019
Land	$	1,261.2		$	1,330.6
Buildings	3,372.9			3,630.4
Building improvements	459.8			469.5
In-place lease values	328.2			352.9
	5,422.1			5,783.4
Less accumulated depreciation and amortization	(706.3		)	(703.2		)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$	4,715.8		$	5,080.2

Lessor, Operating Lease, Payments to be Received, Maturity

The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at March 31, 2020:

(Dollars in millions)	Minimum
	Rental Revenues(1)
2020 (remainder)	$	131.4
2021	178.9
2022	166.7
2023	135.6
2024	110.1
Thereafter	500.3
Total	$	1,223.0

⁽¹⁾ These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increase that are not fixed and exclude reimbursements of rental expenses.