Consolidated Balance Sheets - USD ($) $ in Millions		Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents		$ 309.1	$ 217.5
Accounts receivable, net (including $19.0 and $12.4 of related party)		42.0	38.7
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $963.5 and $949.1)		4,078.8	4,290.4
Unconsolidated investments (including $1,829.6 and $1,884.4 at fair value)		2,034.7	2,042.4
Loan purchases and originations, net of allowance for credit losses		209.9	231.1
Other assets, net		122.4	141.0
Total assets	[1]	6,796.9	6,961.1
Liabilities
Accounts payable		8.9	10.8
Accrued expenses and other liabilities		569.4	529.4
Total liabilities	[1]	5,200.6	5,325.1
Equity
Preferred stock		789.7	789.7
Common stock, $0.0001 par value per share, 200,000,000 authorized, 137,899,795 and 137,442,778 shares issued and outstanding as of June 30, 2025 and December 31, 2024		0.0	0.0
Additional paid-in capital		1,711.9	1,712.8
Accumulated deficit		(569.5)	(493.7)
Accumulated other comprehensive loss		(369.1)	(407.6)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity		1,563.0	1,601.2
Noncontrolling interests		33.3	34.8
Total equity		1,596.3	1,636.0
Total liabilities and equity		6,796.9	6,961.1
Mortgage debt
Liabilities
Long-term debt		2,385.2	2,597.2
KW unsecured debt
Liabilities
Long-term debt		1,884.4	1,877.9
KWE unsecured bonds
Liabilities
Long-term debt		$ 352.7	$ 309.8

[1] The assets and liabilities as of June 30, 2025 include $109.6 million (including cash held by consolidated investments of $10.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $76.8 million) and $0.0 million (including investment debt of $(1.0) million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2024 include $169.3 million (including cash held by consolidated investments of $4.3 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $128.7 million) and $49.6 million (including investment debt of $50.0 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.