SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Segment Reporting Information, by Segment

The following tables summarize the income and expense activity by segment for the years ended December 31, 2022, 2021 and 2020 and total assets as of December 31, 2022 and 2021.


	Year Ended December 31, 2022

(Dollars in millions)	Consolidated		Co-Investments		Corporate		Total
Revenue
Rental	$	434.9	$	—	$	—	$	434.9
Hotel	46.9		—		—		46.9
Investment management fees	—		44.8		—		44.8
Property services fees	—		—		1.7		1.7
Loans and other	—		11.7		—		11.7
Total revenue	481.8		56.5		1.7		540.0

Income from unconsolidated investments
Principal co-investments	—		199.5		—		199.5
Performance allocations	—		(21.1)		—		(21.1)
Income from unconsolidated investments	—		178.4		—		178.4

Gain on sale of real estate, net	103.7		—		—		103.7

Expenses
Rental	151.2		—		—		151.2
Hotel	29.5		—		—		29.5
Compensation and related	41.5		44.6		25.2		111.3
Share-based compensation	—		—		29.0		29.0
Performance allocation compensation	—		(4.3)		—		(4.3)
General and administrative	14.7		14.8		7.7		37.2
Depreciation and amortization	172.9		—		—		172.9
Total expenses	409.8		55.1		61.9		526.8
Interest expense	(128.2)		—		(92.6)		(220.8)
Gain on early extinguishment of debt	27.5		—		—		27.5
Other income	20.8		—		15.3		36.1
Provision for income taxes	(21.0)		—		(15.2)		(36.2)
Net income (loss)	74.8		179.8		(152.7)		101.9
Net income attributable to noncontrolling interests	(8.2)		—		—		(8.2)
Preferred dividends	—		—		(28.9)		(28.9)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	66.6	$	179.8	$	(181.6)	$	64.8


	Year Ended December 31, 2021

(Dollars in millions)	Consolidated		Co-Investments		Corporate		Total
Revenue
Rental	$	390.5	$	—	$	—	$	390.5
Hotel	17.1		—		—		17.1
Investment management fees	—		35.3		—		35.3
Property services fees	—		—		2.1		2.1
Loans and other	—		8.6		—		8.6
Total revenue	407.6		43.9		2.1		453.6

Income from unconsolidated investments
Principal co-investments	—		271.1		—		271.1
Performance allocations	—		117.9		—		117.9
Income from unconsolidated investments	—		389.0		—		389.0

Gain on sale of real estate, net	412.7		—		—		412.7

Expenses
Rental	132.7		—		—		132.7
Hotel	12.7		—		—		12.7
Compensation and related	60.4		40.4		33.1		133.9
Share-based compensation	—		—		28.7		28.7
Performance allocation compensation	—		42.0		—		42.0
General and administrative	18.5		8.5		6.3		33.3
Depreciation and amortization	166.3		—		—		166.3
Total expenses	390.6		90.9		68.1		549.6
Interest expense	(119.1)		—		(73.3)		(192.4)
Loss on extinguishment of debt	(19.2)		—		(26.5)		(45.7)
Other loss	(4.7)		—		(0.3)		(5.0)
Provision for income taxes	(23.0)		—		(103.2)		(126.2)
Net income (loss)	263.7		342.0		(269.3)		336.4
Net income attributable to noncontrolling interests	(6.0)		—		—		(6.0)
Preferred dividends	—		—		(17.2)		(17.2)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	257.7	$	342.0	$	(286.5)	$	313.2


	Year Ended December 31, 2020

(Dollars in millions)	Consolidated		Co-Investments		Corporate		Total
Revenue
Rental	$	403.9	$	—	$	—	$	403.9
Hotel	13.9		—		—		13.9
Investment management fees	—		22.5		—		22.5
Property services fees	—		—		10.6		10.6
Loans and other	—		3.1		—		3.1
Total revenue	417.8		25.6		10.6		454.0

Income from unconsolidated investments
Principal co-investments	—		78.3		—		78.3
Performance allocations	—		2.7		—		2.7
Income from unconsolidated investments	—		81.0		—		81.0

Gain on sale of real estate, net	338.0		—		—		338.0

Expenses
Rental	135.7		—		—		135.7
Hotel	13.8		—		—		13.8
Compensation and related	59.7		20.8		31.4		111.9
Share-based compensation	—		—		32.3		32.3
Performance allocation compensation	—		0.2		—		0.2
General and administrative	20.6		5.9		8.1		34.6
Depreciation and amortization	179.6		—		—		179.6
Total expenses	409.4		26.9		71.8		508.1
Interest expense	(132.4)		—		(69.5)		(201.9)
Loss on extinguishment of debt	(9.3)		—		—		(9.3)
Other loss	(1.4)		—		(0.9)		(2.3)
Provision for income taxes	(18.4)		—		(25.2)		(43.6)
Net income (loss)	184.9		79.7		(156.8)		107.8
Net loss attributable to noncontrolling interests	2.3		—		—		2.3
Preferred dividends	—		—		(17.2)		(17.2)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	187.2	$	79.7	$	(174.0)	$	92.9


	December 31,
(Dollars in millions)	2022		2021
Assets
Consolidated	$	5,684.1	$	5,473.9
Co-investment	2,387.5		2,077.9
Corporate	200.2		324.7
Total assets	$	8,271.8	$	7,876.5


	December 31,
(Dollars in millions)	2022		2021		2020
Expenditures for long lived assets
Investments	$	(569.1)	$	(1,271.0)	$	(264.2)

Schedule of Revenue, by Geographical Areas

The revenue shown in the table below is allocated based upon the region in which services are performed.


	Year Ended December 31,
(Dollars in millions)	2022		2021		2020
United States	$	317.5	$	278.1	$	277.3
Europe	222.5		175.5		176.7
Total revenue	$	540.0	$	453.6	$	454.0