EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

Basic (loss) income per share is computed by dividing net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed after adjusting the numerator and denominator of the basic earnings per share computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under share‑based compensation plans is computed using the treasury stock method. The dilutive effect of the cumulative preferred stock is computed using the if‑converted method.

The following is a summary of the elements used in calculating basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024:


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions, except share and per share amounts)	2025		2024		2025		2024
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	(6.4)	$	(59.1)	$	(47.2)	$	(32.2)

Weighted average shares outstanding for basic	138,144,013		137,588,910		137,946,790		138,142,769
Basic loss per basic share	$	(0.05)	$	(0.43)	$	(0.34)	$	(0.23)
Weighted average shares outstanding for diluted(1)	138,144,013		137,588,910		137,946,790		138,142,769
Diluted loss per diluted share	$	(0.05)	$	(0.43)	$	(0.34)	$	(0.23)

(1)For the three months ended June 30, 2025 and 2024, a total of 39,036,361 and 39,989,932 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive. For the six months ended June 30, 2025 and 2024, a total of 40,207,143 and 40,160,889 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive.