Kennedy-Wilson (KW) 10-K22 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2023	Feb. 21, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-33824
Entity Registrant Name	Kennedy-Wilson Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0508760
Entity Address, Address Line One	151 S El Camino Drive
Entity Address, City or Town	Beverly Hills,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90212
City Area Code	310
Local Phone Number	887-6400
Title of 12(b) Security	Common Stock, $.0001 par value
Trading Symbol	KW
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1,716,285,368
Entity Common Stock, Shares Outstanding		138,977,698
Documents Incorporated by Reference	Part III of this report incorporates certain information by reference from the registrant’s definitive proxy statement for the annual meeting of stockholders to be held on or around June 6, 2024, which proxy statement will be filed no later than 120 days after the close of the registrant’s fiscal year ended December 31, 2023.
Entity Central Index Key	0001408100
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Los Angeles, CA
Auditor Firm ID	185

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents		$ 313.7	$ 439.3
Accounts receivable, net (including $13.8 and $13.9 of related party)		57.3	40.8
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $957.8 and $882.2)		4,837.3	5,188.1
Unconsolidated investments (including $1,927.0 and $2,093.7 at fair value)		2,069.1	2,238.1
Other assets		187.5	216.1
Loan purchases and originations, net		247.2	149.4
Total assets	[1]	7,712.1	8,271.8
Liabilities
Accounts payable		17.9	16.2
Accrued expenses and other liabilities		597.8	658.2
Total liabilities	[1]	5,913.7	6,261.4
Equity
Series A cumulative preferred stock		789.9	592.5
Common stock		0	0
Additional paid-in capital		1,718.6	1,679.5
Retained (deficit) earnings		(349)	122.1
Accumulated other comprehensive loss		(404.4)	(430.1)
Total Kennedy-Wilson Holdings, Inc. shareholders’ equity		1,755.1	1,964
Noncontrolling interests		43.3	46.4
Total equity		1,798.4	2,010.4
Total liabilities and equity		7,712.1	8,271.8
Mortgage debt
Liabilities
Debt		2,840.9	3,018
KW unsecured debt
Liabilities
Debt		1,934.3	2,062.6
KWE unsecured bonds
Liabilities
Debt		$ 522.8	$ 506.4

[1]The assets and liabilities as of December 31, 2023 include $154.9 million (including cash held by consolidated investments of $3.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $121.8 million) and $101.4 million (including investment debt of $54.9 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2022 include $169.8 million (including cash held by consolidated investments of $6.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $137.8 million) and $82.4 million (including investment debt of $51.2 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.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
Related party accounts receivable, net		$ 57.3	$ 40.8
Accumulated depreciation and amortization of real estate and acquired in place lease values		957.8	882.2
Fair value of unconsolidated investments		$ 1,927	$ 2,093.7
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)		200,000,000	200,000,000
Common stock, shares issued (in shares)		138,727,521	137,790,768
Common stock, shares outstanding (in shares)		138,727,521	137,790,768
Assets from VIEs	[1]	$ 7,712.1	$ 8,271.8
Cash held by consolidated investments from VIEs		313.7	439.3
Real estate and acquired in place lease values, net of accumulated depreciation and amortization from VIEs		4,837.3	5,188.1
Liabilities from VIEs	[1]	5,913.7	6,261.4
Variable Interest Entity, Primary Beneficiary
Assets from VIEs		154.9	169.8
Cash held by consolidated investments from VIEs		3.6	6.1
Real estate and acquired in place lease values, net of accumulated depreciation and amortization from VIEs		121.8	137.8
Liabilities from VIEs		101.4	82.4
Variable Interest Entity, Primary Beneficiary \| Investment Debt
Investment debt from VIEs		$ 54.9	$ 51.2
Series A Cumulative Preferred Stock
Preferred stock, par value (in dollars per shares)		$ 0.0001	$ 0.0001
Preferred stock, liquidation preference (in dollars per share)		$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)		1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)		300,000	300,000
Series B Cumulative Preferred Stock
Preferred stock, par value (in dollars per shares)		$ 0.0001	$ 0.0001
Preferred stock, liquidation preference (in dollars per share)		$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)		1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)		300,000	300,000
Series C Preferred Stock
Preferred stock, par value (in dollars per shares)		$ 0.0001	$ 0.0001
Preferred stock, liquidation preference (in dollars per share)		$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)		1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)		200,000	200,000
Related Party
Related party accounts receivable, net		$ 13.8	$ 13.9

[1]The assets and liabilities as of December 31, 2023 include $154.9 million (including cash held by consolidated investments of $3.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $121.8 million) and $101.4 million (including investment debt of $54.9 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2022 include $169.8 million (including cash held by consolidated investments of $6.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $137.8 million) and $82.4 million (including investment debt of $51.2 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.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Total revenue	$ 562.6	$ 540	$ 453.6
(Loss) income from unconsolidated investments
Principal co-investments	(188.5)	199.5	271.1
Performance allocations	(64.3)	(21.1)	117.9
Total (loss) income from unconsolidated investments	(252.8)	178.4	389
Gain on sale of real estate, net	127.6	103.7	412.7
Expenses
Performance allocation compensation	(15.1)	(4.3)	42
General and administrative	35.7	37.2	33.3
Depreciation and amortization	157.8	172.9	166.3
Total expenses	508.3	526.8	549.6
Interest expense	(259.2)	(220.8)	(192.4)
(Loss) gain on early extinguishment of debt	(1.6)	27.5	(45.7)
Other (loss) income	(5)	36.1	(5)
(Loss) income before benefit from (provision for) income taxes	(336.7)	138.1	462.6
Benefit from (provision for) income taxes	55.3	(36.2)	(126.2)
Net (loss) income	(281.4)	101.9	336.4
Net income attributable to the noncontrolling interests	(22.4)	(8.2)	(6)
Preferred dividends	(38)	(28.9)	(17.2)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (341.8)	$ 64.8	$ 313.2
Basic (loss) earnings per share
(Loss) income per basic (in dollars per share)	$ (2.46)	$ 0.47	$ 2.26
Weighted average shares outstanding for basic (in shares)	138,930,517	136,900,875	138,552,058
Diluted (loss) earnings per share
(Loss) income per diluted (in dollars per share)	$ (2.46)	$ 0.47	$ 2.24
Weighted average shares outstanding for diluted (in shares)	138,930,517	138,567,534	140,132,435
Dividends declared per common share (in dollars per share)	$ 0.96	$ 0.96	$ 0.90
Rental
Revenue
Total revenue	$ 415.3	$ 434.9	$ 390.5
Expenses
Cost of goods and services	152.6	151.2	132.7
Hotel
Revenue
Total revenue	57.1	46.9	17.1
Expenses
Cost of goods and services	37.9	29.5	12.7
Investment management fees
Revenue
Total revenue	61.9	44.8	35.3
Loans
Revenue
Total revenue	26.1	11.7	8.6
Other
Revenue
Total revenue	2.2	1.7	2.1
Compensation and related
Expenses
Cost of goods and services	$ 139.4	$ 140.3	$ 162.6

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Total revenue	$ 562.6	$ 540	$ 453.6
Share-based compensation	34.5	29	28.7
Related Party Investment Management Fees
Total revenue	$ 51.9	$ 44.8	$ 35.3

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net (loss) income	$ (281.4)	$ 101.9	$ 336.4
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain (loss)	32.1	(71.7)	(58.3)
Amounts reclassified out of AOCI during the year	0	(0.8)	2.2
Total other comprehensive income (loss) for the year	26.6	(43.5)	3.3
Comprehensive (loss) income	(254.8)	58.4	339.7
Comprehensive income attributable to noncontrolling interests	(23.3)	(5.2)	(5.2)
Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc.	(278.1)	53.2	334.5
Foreign Currency Derivative Contracts
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on derivatives	(5.5)	23.4	56.2
Interest Rate Swap
Other comprehensive income (loss), net of tax:
Unrealized gain (loss) on derivatives	$ 0	$ 5.6	$ 3.2

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Foreign Currency Derivative Contracts	Interest Rate Swap	Preferred Stock	Common Stock	Preferred Stock	Preferred Stock Preferred Stock	Common Stock	Common Stock Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Common Stock	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Foreign Currency Derivative Contracts	Accumulated Other Comprehensive Loss Interest Rate Swap	Noncontrolling Interests
Balance, beginning of period, preferred shares (in shares) at Dec. 31, 2020						300,000
Balance at beginning of period at Dec. 31, 2020	$ 1,672.7					$ 295.2		$ 0		$ 1,725.2		$ 17.7	$ (393.6)			$ 28.2
Balance at beginning of period, common stock (in shares) at Dec. 31, 2020								141,365,323
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)								619,945
Shares retired due to RSG vesting (in shares)								(967,536)
Shares retired due to RSG vesting	(20.5)									(20.5)
Shares retired due to common stock repurchase program (in shares)								(2,824,665)
Shares retired due to common stock repurchase program	(62.7)									(50)		(12.7)
Shares forfeited (in shares)								(237,588)
Stock based compensation	28.7									28.7
Other comprehensive (loss) income:
Unrealized foreign currency translation gain (loss), net of tax	(56.6)												(55.8)			(0.8)
Unrealized derivative gain (loss), net of tax		$ 56.1	$ 3.7											$ 56.1	$ 3.7
Common stock dividends	(125.8)											(125.8)
Preferred stock dividends	(17.2)											(17.2)
Net (loss) income	336.4											330.4				6
Contributions from noncontrolling interests	7.8															7.8
Distributions to noncontrolling interests	(18.7)															(18.7)
Incentive allocations to noncontrolling interests	0									(3.8)						3.8
Balance at end of period, preferred stock (in shares) at Dec. 31, 2021						300,000
Balance at end of period at Dec. 31, 2021	1,803.9					$ 295.2		$ 0		1,679.6		192.4	(389.6)			26.3
Balance at end of period, common stock (in shares) at Dec. 31, 2021								137,955,479
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance, net of issuance costs (in shares)						300,000
Stock issuance, net of issuance costs	297.3					$ 297.3
At-the-market equity offering program costs	(0.7)									(0.7)
Restricted stock grants (RSG) (in shares)								1,221,362
Shares retired due to RSG vesting (in shares)								(834,911)
Shares retired due to RSG vesting	(18.6)									(18.6)
Shares retired due to common stock repurchase program (in shares)								(551,162)
Shares retired due to common stock repurchase program	(12.6)							$ (12.6)		(9.8)		(2.8)
Stock based compensation	29									29
Other comprehensive (loss) income:
Unrealized foreign currency translation gain (loss), net of tax	(71.7)												(68.7)			(3)
Unrealized derivative gain (loss), net of tax		23.4	$ 4.8											23.4	$ 4.8
Common stock dividends	(132.3)											(132.3)
Preferred stock dividends	(28.9)											(28.9)
Net (loss) income	101.9											93.7				8.2
Contributions from noncontrolling interests	25.7															25.7
Distributions to noncontrolling interests	(10.8)															(10.8)
Balance at end of period, preferred stock (in shares) at Dec. 31, 2022						600,000
Balance at end of period at Dec. 31, 2022	$ 2,010.4					$ 592.5		$ 0		1,679.5		122.1	(430.1)			46.4
Balance at end of period, common stock (in shares) at Dec. 31, 2022	137,790,768							137,790,768
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issuance, net of issuance costs (in shares)							200,000		1,690,743
Stock issuance, net of issuance costs				$ 197.4	$ 29.8		$ 197.4				$ 29.8
Restricted stock grants (RSG) (in shares)								961,045
Shares retired due to RSG vesting (in shares)								(781,303)
Shares retired due to RSG vesting	$ (13.4)									(13.4)
Shares retired due to common stock repurchase program (in shares)								(666,701)
Shares retired due to common stock repurchase program	(7.5)							$ (7.5)		(11.8)		4.3
Shares forfeited (in shares)								(267,031)
Stock based compensation								$ 34.5		34.5
Other comprehensive (loss) income:
Unrealized foreign currency translation gain (loss), net of tax	32.1												31.2			0.9
Unrealized derivative gain (loss), net of tax		$ (5.5)												$ (5.5)
Common stock dividends	(133.6)											(133.6)
Preferred stock dividends	(38)											(38)
Net (loss) income	(281.4)											(303.8)				22.4
Contributions from noncontrolling interests	1.3															1.3
Distributions to noncontrolling interests	(27.7)															(27.7)
Balance at end of period, preferred stock (in shares) at Dec. 31, 2023						800,000
Balance at end of period at Dec. 31, 2023	$ 1,798.4					$ 789.9		$ 0		$ 1,718.6		$ (349)	$ (404.4)			$ 43.3
Balance at end of period, common stock (in shares) at Dec. 31, 2023	138,727,521							138,727,521

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net (loss) income		$ (281.4)	$ 101.9	$ 336.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Gain on sale of real estate, net		(127.6)	(103.7)	(412.7)
Depreciation and amortization		157.8	172.9	166.3
Above/below market and straight-line rent amortization		(5.5)	(8)	6.8
Uncollectible lease income		5.4	8	12.9
(Benefit from) provision for deferred income taxes		(65.9)	18.3	112.2
Amortization of loan fees		9.2	9.1	16.2
Amortization of discount and accretion of premium and transactional foreign exchange		2.9	2.6	2.4
Unrealized net loss (gain) on derivatives		16.4	(45.9)	(4.6)
Loss (gain) on extinguishment of debt		1.6	(27.5)	0
Loss (income) from unconsolidated investments		252.8	(178.4)	(389)
Provision for loan loss reserves		7	0	0
Accretion of interest income on loans		(3.5)	0	(0.5)
Share-based compensation expense		34.5	29	28.7
Deferred compensation		(3.8)	7.6	56.3
Operating distributions from unconsolidated investments		69.2	78.1	82.2
Change in assets and liabilities:
Accounts receivable		(23.8)	(13.4)	(0.5)
Other assets		(1.3)	(9.7)	(18.8)
Accrued expenses and other liabilities		4.9	(8)	(24.6)
Net cash provided by (used in) operating activities		48.9	32.9	(30.3)
Cash flows from investing activities:
Issuance of loans		(150.2)	(50.9)	(83.4)
Proceeds from collection of loans		48.9	34.5	58.1
Net proceeds from sale of consolidated real estate		383.9	325.9	486.4
Purchases of consolidated real estate		0	(408.2)	(1,131.8)
Capital expenditures to real estate		(217.2)	(160.9)	(139.2)
Investing distributions from unconsolidated investments		92.4	157.1	82.8
Contributions to unconsolidated investments		(167.4)	(361.3)	(280.8)
Proceeds from settlement of derivative contracts		0	112.6	0
Premiums paid for settlement of derivative contracts		(2.1)	(10.4)	(30.1)
Net cash used in investing activities		(11.7)	(361.6)	(1,038)
Cash flow from financing activities:
Borrowings under senior notes payable		0	0	1,804.3
Repayment of senior notes payable		0	0	(1,150)
Borrowings under line of credit/term loan		50	528.4	314.3
Repayment of line of credit/term loan		(185)	(325)	(438.5)
Borrowings under mortgage debt		408.9	401.3	1,144.9
Repayment of mortgage debt		(446.4)	(389.6)	(268.2)
Repayment of KWE Bonds		0	(65.8)	(504.4)
Payment of loan fees		(0.7)	(5)	(35.6)
Issuance of common stock, net of issuance costs		29.8	(0.7)	0
Repurchase of common stock		(20.9)	(31.2)	(83.2)
Preferred stock issuance, net of issuance costs		197.4	297.3	0
Common stock dividends paid		(136)	(134.6)	(123.5)
Preferred stock dividends paid		(35.5)	(25.9)	(17.2)
Contributions from noncontrolling interests		1.3	25.8	7.8
Distributions to noncontrolling interests		(27.7)	(10.8)	(18.7)
Net cash (used in) provided by financing activities		(164.8)	264.2	632
Effect of currency exchange rate changes on cash and cash equivalents		2	(21)	(4)
Net change in cash and cash equivalents		(125.6)	(85.5)	(440.3)
Cash and cash equivalents, beginning of year		439.3	524.8	965.1
Cash and cash equivalents, end of year		313.7	439.3	524.8
Cash paid for:
Interest	[1],[2]	252	214.4	183.7
Income taxes		21.8	19.9	16.5
Cash received from consolidated and unconsolidated asset sales and loan repayments, net		376.1	369.8	481.1
Cash received on interest rate hedges		$ 24	$ 0.9	$ (1.2)

[1]$1.4 million, $4.0 million, and $4.1 million attributable to non-controlling interests for the years ended December 31, 2023, 2022, and 2021, respectively.[2] Excludes $5.0 million, $3.3 million, and $3.2 million of capitalized interest during the for the years ended December 31, 2023, 2022 and 2021, respectively.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Interest paid attributable to noncontrolling interest	$ 1.4	$ 4	$ 4.1
Interest paid, capitalized	5	3.3	3.2
Restricted cash	69.6	21.4	24.2
Increase in unconsolidated investments	$ 33.4	$ 31.9	$ 178.8
Multifamily
Number of lots \| property	2
Wholly-Owned, Multifamily Properties
Equity interest sold, percentage	49%
Ownership interest percentage	51%
Vintage Housing Holdings
Increase in unconsolidated investments	$ 16.8
Montiavo
Equity interest sold, percentage		49%
Ownership interest percentage		51%
MF Seed Portfolio
Ownership interest percentage			51%
MF Seed Portfolio \| Multifamily
Number of lots \| property	2
Debt Redemption
Restricted cash	$ 69.6	$ 21.4	$ 24.2

ORGANIZATION

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATIONKennedy-Wilson Holdings, Inc. (“KWH,” NYSE: KW), a Delaware corporation and its wholly owned and consolidated subsidiaries (collectively the "Company" or "Kennedy Wilson"), is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company also has a global debt platform primarily focused on construction lending secured by high-quality multifamily and student housing properties throughout the United States. The Company primarily focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. The Company's operations are defined by two business segments; its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION — The consolidated financial statements include the accounts of Kennedy Wilson and voting interest entities which it controls. All intercompany balances and transactions have been eliminated in consolidation. In addition, Kennedy Wilson evaluates its relationships with other entities to identify whether they are variable interest entities ("VIE") as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 810 , Consolidation, and to assess whether it is the primary beneficiary of such entities. In determining whether Kennedy Wilson is the primary beneficiary of a VIE, qualitative and quantitative factors are considered, including, but not limited to: the amount and characteristics of Kennedy Wilson's investment; the obligation or likelihood for Kennedy Wilson to provide financial support; Kennedy Wilson's ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of Kennedy Wilson. The Company determines the appropriate accounting method with respect to all investments that are not VIEs based on the control-based framework (controlled entities are consolidated) provided by the consolidation guidance in ASC Subtopic 810. The Company accounts for joint ventures where it is deemed that the Company does not have control through the equity method of accounting while joint ventures that the Company controls are consolidated in Kennedy Wilson's financial statements. USE OF ESTIMATES — The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosure about contingent assets and liabilities, and reported amounts of revenues and expenses. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates will be reflected in the financial statements in future periods. REVENUE RECOGNITION — Revenue consists of rental and hotel income, management fees, leasing and commission fees, loan interest income and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five-step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance allocations, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, Leases . Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Management fees are primarily comprised of investment management fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. The Company provides investment management on investments it also has an ownership interest in. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. Investment management fees include acquisition, arrangement and disposition fees. Acquisition, arrangement and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition after all required services have been performed. Loan income from investments in performing loans which Kennedy Wilson originates or acquires are recognized at the stated interest rate plus any amortization of premiums/discounts or fees earned on the loans. Loan income from investments in loans acquired at a discount are recognized using the effective interest method. When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . Income is recognized to the extent that cash is received from the loan. The Company has evaluated its loan portfolio under ASC Subtopic 326, Financial Instruments – Credit Losses . for current expected credit losses ("CECL") reserves. CECL reserves reflect the Company's current estimate of potential credit losses related to loans included in the Company's consolidated balance sheets. Changes to the CECL reserve are recognized through the Company's consolidated statements of operations. While ASC Subtopic 326 does not require any particular method for determining the CECL reserve, it does specify the reserve should be based on relevant information about past events, including historical loss experience, current portfolio and market conditions. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. Under ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets , the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities. Property services fees are earned from the Company's auction sales and marketing business. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in ASC Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. REAL ESTATE ACQUISITIONS — The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests ("NCI"). Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value. Acquisition fees and expenses associated with the acquisition of properties determined to be business combinations are expensed as incurred. Acquisition fees and expenses associated with transactions determined to be asset acquisitions are capitalized as part of the real estate acquired. The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate is valued, in part, based on third party valuations and management estimates also using an income approach. The Company is involved in all stages of real estate ownership, including development. Once a project is in development, consistent with ASC Topic 360 Property Plant, and Equipment , costs including interest and real estate taxes and associated costs directly related to the project under development, are capitalized. During the predevelopment period of a probable project and the period in which a project is under construction, the Company capitalizes all direct and indirect costs associated with planning, developing, and constructing the project. Once a project is constructed and deemed substantially complete and ready for occupancy, carrying costs, such as real estate taxes, interest and associated costs, are expensed as incurred. UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by Kennedy Wilson’s share of income or loss, plus additional contributions and less distributions. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures . Kennedy Wilson elected the fair value option for 72 investments in unconsolidated investment entities ("FV Option" investments). Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the change in value in the underlying investments in the results of its current operations. Additionally, Kennedy Wilson records its investments in certain commingled funds it manages and sponsors (the "Funds") that are investment companies under the ASC Topic 946, Financial Services - Investment Companies , based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Performance allocations or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. At the end of each reporting period, Kennedy Wilson calculates the performance allocation that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance allocation to reflect either (a) positive performance resulting in an increase in the performance allocation to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as income from unconsolidated investments, resulting in a negative adjustment to performance allocations to the general partner or asset manager. As of December 31, 2023, the Company has $77.3 million of accrued performance allocations recorded to unconsolidated investments that are subject to future adjustments based on the underlying performance of investments. During the year ended December 31, 2023, the Company did not collect any performance allocations. During the years ended December 31, 2022 and 2021, the Company collected $6.8 million and $9.6 million of performance allocations. The Company has concluded that performance allocations to the Company from equity method investments, based on cumulative performance to-date, represent carried interests. Consequently, in following the guidance set forth in ASC Topic 606 and ASC Topic 323, these allocations are included as a component of the total income from unconsolidated investments in the accompanying consolidated statements of income. Performance allocation compensation is recognized in the same period that the related performance allocations are recognized and can be reversed during periods when there is a reversal of performance allocations that were previously recognized. As of December 31, 2023 , the Company has $22.8 million of accrued performance allocation compensation recorded to accrued expenses and other liabilities that are subject to future adjustments based on the underlying performance of investments. During the year ended December 31, 2023, the Company did not pay out any performance allocation compensation. During the year ended December 31, 2022, the Company paid $1.2 million of performance allocation compensation to employees for performance allocations that were realized during the period. FAIR VALUE MEASUREMENTS — Kennedy Wilson accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of ASC Topic 820, Fair Value Measurement. ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. FAIR VALUE OF FINANCIAL INSTRUMENTS — The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, is necessary, however, to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. DISTRIBUTIONS FROM UNCONSOLIDATED INVESTMENTS — The Company utilizes the nature of distributions approach and distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from unconsolidated investments' sale of assets), in which case it is reported as an investing activity. This enables Kennedy Wilson to look to the nature and source of the distribution received and classify it appropriately between operating and investing activities on the statement of cash flows based upon the source. FOREIGN CURRENCIES — The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the euro and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage the effect of these fluctuations, the Company enters into hedging transactions, in the form of currency derivative contracts, that are designed to reduce its book equity exposure to foreign currencies. KWE has also entered into currency derivative contracts to manage its exposure to euro to British pound currency fluctuations. See Note 5 for a complete discussion on currency derivative contracts. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — Kennedy Wilson has derivatives to reduce its exposure to foreign currencies. All derivative instruments are recognized as either assets or liabilities in the balance sheet at their respective fair values. For derivatives designated in hedging relationships, changes in fair value of cash flow hedges or net investment hedges are recognized in accumulated other comprehensive income, to the extent the derivative is effective at offsetting the changes in the item being hedged until the hedged item affects earnings. Fluctuations in foreign exchanges rates may have a significant impact on the Company's results of operations. In order to manage the potential exposure from adverse changes in foreign exchange rates arising from the Company’s net investments in foreign operations, the Company may enter into currency derivative contracts to hedge all or portions of the net investments in the Company’s non-U.S. dollar denominated foreign operations. GOODWILL — Goodwill results from the difference between the purchase price and the fair value of net assets acquired based upon the purchase method of accounting for business combinations. In accordance with ASC Subtopic 350-20, Accounting for Intangibles - Goodwill and Other , goodwill is reviewed for impairment on an annual basis. The Company performs its annual review of impairment at year end and when a triggering event occurs between annual year end reviews. As a result of the evaluation performed as described above, Kennedy Wilson has determined that there was no impairment of goodwill as of December 31, 2023, 2022 and 2021. CASH AND CASH EQUIVALENTS — Cash and cash equivalents consist of cash and all highly liquid investments purchased with maturities of three months or less. Cash and cash equivalents are invested in institutions insured by government agencies. Certain accounts contain balances in excess of the insured limits. Kennedy Wilson's operations and financial position are affected by fluctuations in currency exchange rates between the euro and British pound sterling against the U.S. Dollar. As of December 31, 2023, 2022, and 2021 we have $69.6 million, $21.4 million, and $24.2 million, respectively, of restricted cash, which is included in cash and cash equivalents, that primarily relates to lender reserves associated with consolidated mortgages that we hold on properties and reserves held on loans in the newly acquired Construction Loan Portfolio (as defined herein) on behalf of the borrowers under such loans. These reserves typically relate to interest, tax, insurance and future capital expenditures at the properties and on our loan investments. LONG-LIVED ASSETS — Kennedy Wilson reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Subtopic 360-10, Property, Plant and Equipment . Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in gain on sale of real estate, net in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are presented separately in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of the assets to be disposed of are classified as held for sale and would be presented separately in the appropriate asset and liability sections of the consolidated balance sheets. ACCOUNTS RECEIVABLE — Accounts receivable are recorded at the contractual amount as determined by the underlying agreements and do not bear interest. The Company recognizes revenue to the extent that amounts are probable that substantially all rental income will be collected. CONCENTRATION OF CREDIT RISK — Financial instruments that subject Kennedy Wilson to credit risk consist primarily of accounts and notes receivable, cash equivalents and derivative instruments. Credit risk is generally diversified due to the large number of entities composing Kennedy Wilson’s customer base and their geographic dispersion throughout the United States, the United Kingdom, Ireland, Spain and Italy. Kennedy Wilson performs ongoing credit evaluations of its customers and debtors. EARNINGS PER SHARE — Basic earnings per share is computed based upon the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per share is computed based upon the weighted average number of shares of common stock and potentially dilutive securities outstanding during the periods presented. The dilutive impact of potentially dilutive securities includes convertible securities, and unvested stock which were outstanding during the period. Unvested stock are calculated by the “treasury stock” method and the convertible securities under the "if converted" method. COMPREHENSIVE INCOME (LOSS) — Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). In the accompanying consolidated balance sheets, accumulated other comprehensive income consists of foreign currency translation adjustments and unrealized gains (losses) on derivative instruments. REPURCHASE OF EQUITY INSTRUMENTS — Upon the decision to retire repurchased equity instruments, Kennedy Wilson records the retirement as a reduction to additional paid in capital for the amount that shares were initially issued at with the excess paid recorded to retained earnings. SHARE-BASED PAYMENT ARRANGEMENTS — Kennedy Wilson accounts for its share-based payment arrangements under the provisions of ASC Subtopic 718-10, Compensation - Stock Compensation. Compensation cost for employee service received in exchange for an award of equity instruments is based on the grant-date fair value of the share-based award that is ultimately settled in equity of Kennedy Wilson. The cost of employee services is recognized over the period during which an employee provides service in exchange for the share-based payment award. Share-based payment arrangements with only services conditions that vest ratably over the requisite service period are recognized on the straight-line basis and performance awards that vest ratably are recognized on a tranche by tranche basis over the performance period. INCOME TAXES — Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In accordance with accounting for uncertainty in ASC Subtopic 740-10, Income Taxes, Kennedy Wilson recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Kennedy Wilson records interest related to unrecognized tax benefits in interest expense and penalties in general and administrative expenses on the consolidated statements of operations. NONCONTROLLING INTERESTS — Noncontrolling interests are reported within equity as a separate component of Kennedy Wilson's equity in accordance with ASC Subtopic 810-10. Revenues, expenses, gains, losses, net income or loss, and other comprehensive income are reported in the consolidated statements of operations at the consolidated amounts and net income and comprehensive income attributable to noncontrolling interests are separately stated. RECENT ACCOUNTING PRONOUNCEMENTS In December 2023, the FASB issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements. On November 27, 2023, the FASB issued an ASU to require the disclosure of segment expenses if they are (i) significant to the segment, (ii) regularly provided to the chief operating decision maker (“CODM”), and (iii) included in each reported measure of a segment’s profit or loss. Public entities will be required to provide this disclosure quarterly. In addition, this ASU requires an annual disclosure of the CODM’s title and a description of how the CODM uses the segment’s profit/loss measure to assess segment performance and to allocate resources. Pursuant to this ASU, the footnotes to the Company's consolidated financial statements will include incremental disclosures related to our reportable segments, including the disclosures about the Company's CODM’s review of its consolidated net income, the profit/loss measure of the Company's segments. The new guidance is effective for annual reporting periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The amendments should be applied retrospectively to all prior periods presented in the financial statements. We are evaluating the disclosure requirements related to the new standard. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative (“ASU 2023-06”). ASU 2023-06 was issued in response to the SEC’s final amendments in Release No. 33-10532, Disclosure Update and Simplification that updated and simplified disclosure requirements that the SEC believed were duplicative, overlapping, or outdated, and to align the requirements in the Codification with the SEC’s disclosure requirements. The effective date for each amendment in ASU 2023-06 will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the Codification and will not become effective for any entity. The Company does not expect the adoption of ASU 2023-06 to have a material impact on our consolidated financial statements and related disclosures. The FASB did not issue any other ASUs during the year ended December 31, 2023 that the Company expects to be applicable and have a material impact on the Company's financial statements. RECLASSIFICATIONS—Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation.

REAL ESTATE AND ACQUIRED IN PLA

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE	12 Months Ended
REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE	Dec. 31, 2023
Real Estate [Abstract]
REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE	REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE The following table summarizes the Company's investment in consolidated real estate properties at December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 Land $ 1,328.3 $ 1,319.2 Buildings 3,679.1 3,961.9 Building improvements 511.3 494.2 Acquired in-place lease values 276.4 295.0 5,795.1 6,070.3 Less accumulated depreciation and amortization (957.8) (882.2) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,837.3 $ 5,188.1 Real property, including land, buildings, and building improvements, are included in real estate and are generally stated at cost. Buildings and building improvements are depreciated on the straight-line method over their estimated lives not to exceed 40 years. Acquired in-place lease values are recorded at their estimated fair value and amortized over their respective weighted-average lease term which was 5.3 years at December 31, 2023. Depreciation and amortization expense on buildings, building improvements and acquired in-place lease values for the years ended December 31, 2023, 2022 and 2021 was $148.9 million, $162.7 million and $151.3 million, respectively. Consolidated Acquisitions The purchase of property is recorded to land, buildings, building improvements, and intangible lease value (including the value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any) based on their respective estimated relative fair values. The purchase price generally approximates the fair value of the properties as acquisitions are transacted with third-party willing sellers after arms-length negotiations. During the year ended December 31, 2023, Kennedy Wilson did not acquire any consolidated properties. During the year ended December 31, 2022, Kennedy Wilson acquired the following consolidated properties, which were treated as asset acquisitions: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt KWH Shareholders' Equity Western U.S. Four multifamily properties $ 99.2 $ 396.6 $ 1.4 $ 203.4 $ 293.8 United Kingdom Office building 25.5 74.1 6.9 — 106.5 $ 124.7 $ 470.7 $ 8.3 $ 203.4 $ 400.3 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets and accrued expenses and other liabilities, respectively, on the accompanying consolidated balance sheets. Gains on Sale of Real Estate, Net During the years ended December 31, 2023, 2022 and 2021, Kennedy Wilson recognized the following net gains on sale of real estate. Included in the net gains for the year ended December 31, 2023, 2022 and 2021 are impairment losses of $28.6 million, $13.3 million and $20.9 million primarily relating to European non-core retail and office assets. (Dollars in millions) Gain on sale of real estate Year ended December 31, Description Consolidated NCI Net of NCI 2023 Primarily due to the sale of a 49% equity interest in two multifamily properties in the Western United States that were previously wholly-owned and controlled by the Company and the sale of a wholly-owned office property in the United Kingdom. $ 127.6 $ (21.9) $ 105.7 2022 Primarily due to the sale of a 49% equity interest in a multifamily property in Western United States that was previously wholly-owned and controlled by the Company and the sale of a wholly-owned office property in the United Kingdom 103.7 (1.0) 102.7 2021 Primarily due to the sale of a 49% equity interest in nine multifamily properties in Western United States that were previously wholly-owned and controlled by the Company and the sale of 19 office properties in the United Kingdom, one multifamily property in Western United States, three retail properties in Western United States and an office property in Western United States 412.7 (5.4) 407.3 Deconsolidation of Previously Consolidated Real Estate Under ASC Subtopic 610-20, the Company consummated the following transactions that resulted in the deconsolidation of the Company's interests in investments previously consolidated in the Company's financial statements: During the year ended December 31, 2023, Kennedy Wilson recognized gains on sale of real estate, net of $127.6 million. These gains were primarily due to (i) the Company's sale of 49% of its equity interest in two previously wholly-owned market-rate multifamily properties into an existing joint venture platform managed by the Company and retained a noncontrolling 51% interest in such properties, which resulted in a gain on sale of real estate of $79.5 million; (ii) the sale of a Western United States property to VHH, pursuant to which the Company retains an interest in the asset through its ownership interest in VHH, which resulted in a gain of $15.1 million; (iii) the sale of a consolidated multifamily property owned with a noncontrolling interest partner which resulted in a gain of $37.6 million ($20.1 million of which was at the Company's share) and (iv) the remainder of gain on sale of real estate relates to the sale of non-core retail and residential properties in the Western United States, United Kingdom, Ireland, and Spain. During the year ended December 31, 2022, due to the sale and deconsolidation of Montiavo, the Company recognized a $56.7 million gain on sale of real estate, net and generated $30.2 million of cash proceeds for the Company. The gain is due to the sale of the 49% interest to the Company's partner and the recording of the Company's retained 51% interest in unconsolidated investments at the fair value established by the transaction. During the year ended December 31, 2021, due to the sale and deconsolidation of the assets that make up the MF seed portfolio, the Company recognized a $332.0 million gain on sale of real estate, net and generated $166.4 million of cash proceeds for the Company. The gain is due to the sale of the 49% interest to the Company's partner and the recording of the Company's retained 51% interest in unconsolidated investments at the fair value established by the transaction. The MF seed portfolio and subsequent investments within the separate account are accounted for at fair value as the Company elected to account for this investment under the fair value adoption. The Company leases its operating properties to customers under agreements that are classified as operating leases. The total minimum lease payments provided for under the leases are recognized on a straight-line basis over the lease term. The majority of the Company's rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from the Company's tenants. The Company records amounts reimbursed by customers in the period that the applicable expenses are incurred, which is generally ratably throughout the term of the lease. The reimbursements are recognized in rental income in the consolidated statements of operations as the Company is the primary obligor with respect to purchasing and selecting goods and services from third-party vendors and bearing the associated credit risk. The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at December 31, 2023: (Dollars in millions) Minimum Rental Revenues (1) 2024 $ 134.1 2025 124.4 2026 104.5 2027 83.1 2028 68.7 Thereafter 181.9 Total $ 696.7 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

UNCONSOLIDATED INVESTMENTS

UNCONSOLIDATED INVESTMENTS	12 Months Ended
UNCONSOLIDATED INVESTMENTS	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS Kennedy Wilson has a number of joint venture interests including commingled funds and separate accounts, generally ranging from 5% to 50%, that were formed to acquire, manage, develop, service and/or sell real estate. Kennedy Wilson has significant influence over these entities, but not control. Accordingly, these investments are accounted for under the equity method. Joint Venture and Fund Holdings The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2023: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 820.9 $ 71.6 $ 253.0 $ 96.2 $ 156.2 $ 1,397.9 Ireland 313.8 158.7 — 5.4 — 477.9 United Kingdom — 139.8 — 31.5 22.0 193.3 Total $ 1,134.7 $ 370.1 $ 253.0 $ 133.1 $ 178.2 $ 2,069.1 The following table details the Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2022: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 857.6 $ 89.2 $ 195.9 $ 158.3 $ 169.1 $ 1,470.1 Ireland 378.1 176.7 — 8.0 — 562.8 United Kingdom — 138.7 — 36.3 30.2 205.2 Total $ 1,235.7 $ 404.6 $ 195.9 $ 202.6 $ 199.3 $ 2,238.1 During the year ended December 31, 2023, the change in unconsolidated investments primarily relates to $167.4 million of cash contributions to unconsolidated investments, $161.6 million of distributions from unconsolidated investments, $48.4 million associated with the deconsolidations as discussed in Note 3, $252.8 million of losses from unconsolidated investments (including $229.3 million of fair value losses), and a $24.0 million decrease related to other items, which primarily related to foreign exchange movements. As of December 31, 2023 and December 31, 2022, $1,927.0 million and $2,093.7 million, respectively, of unconsolidated investments were accounted for at fair value. See Note 5 for more detail. Contributions to Joint Ventures During the year ended December 31, 2023, Kennedy Wilson contributed $167.4 million to joint ventures, primarily to capital calls with respect to Kona Village Resort development, European office and multifamily developments, and fund new acquisitions in the Company's European Industrial JV and multifamily properties in Western United States with separate account partners. Distributions from Joint Ventures The following table details cash distributions by investment type and geographic location for the year ended December 31, 2023: Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 36.1 $ 74.2 $ 9.4 $ — $ 4.8 $ 4.1 $ 0.7 $ 3.0 $ 51.0 $ 81.3 Ireland 8.3 — 9.1 — — — — — 17.4 — United Kingdom — — — — — 11.1 0.8 — 0.8 11.1 Total $ 44.4 $ 74.2 $ 18.5 $ — $ 4.8 $ 15.2 $ 1.5 $ 3.0 $ 69.2 $ 92.4 Investing distributions resulted primarily from the sale of one VHH multifamily property, one multifamily property in Fund VI and one investment in Europe Fund II as well as refinancing and resyndications from limited partners in the VHH portfolio. Operating distributions resulted from operating cash flow generated by the joint venture investments that have been distributed to the Company. Income from Unconsolidated Investments The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (Dollars in millions) 2023 2022 2021 Income from unconsolidated investments - operating performance $ 40.8 $ 80.2 $ 60.7 Income from unconsolidated investments - realized gains from cost basis investments — 4.7 — (Loss) income from unconsolidated investments - unrealized and realized fair value (losses) gains (229.3) 114.6 213.5 Income from unconsolidated investments - realized losses and impairment — — (3.1) Principal co-investments (188.5) 199.5 271.1 (Loss) income from unconsolidated investments - performance allocation (64.3) (21.1) 117.9 (Loss) income from unconsolidated investments $ (252.8) $ 178.4 $ 389.0 The decrease in income from unconsolidated investments is primarily due to the following: Operating performance During the year ended December 31, 2023, the Company had lower operating performance from its unconsolidated investments due to the following factors: (i) higher interest expense due to rising interest rates (ii) pre-opening and one-time start up costs associated with the opening of the Kona Village Resort and (iii) lower income from sales of residential units at Kohaniki development in Hawaii. The increase in rental income is primarily due to the multifamily assets that were deconsolidated as discussed above in Note 3. Fair Value During the year ended December 31, 2023 , valuations continued to pull back primarily as a result of continued expansion of estimated capitalization rates and significant reductions in transaction volumes and liquidity, primarily as a result of increased borrowing rates as the Federal Reserve continued its interest rate hikes and increased the federal funds rate by 100 basis points during 2023. As such, during the year ended December 31, 2023 the Company recorded fair value decreases with respect to: (i) certain office properties in the Western United States, Ireland and United Kingdom due to expansion in estimated capitalization rates, primarily as a result of increased interest rates, which also led to us recording a decrease of the accrued performance allocations with respect to funds that held these investments as discussed below; (ii) certain market rate multifamily properties in the Western United States and Ireland due to expansion in estimated capitalization rates; (iii) the write off of a $5 million investment in a social impact real estate fund manager; and (iv) a decrease in the fair value of a building that we hold a 10% ownership interest in due to a national co-working office tenant no longer paying rent at such property. These fair value decreases were offset by (i) a fair value increase of $51.5 million with respect to our investment in VHH (our affordable rate multifamily platform) due to gains on the conversion of the status of one of VHH’s largest properties from development to operating, gains associated with the conversion of the loan secured by such property from a floating rate construction loan to a long-term fixed rate mortgage (the rate of which was set in 2019), the resyndication of properties and (ii) fair value increases recognized by the Company on fixed rate mortgages due to increases in market interest rates. During the year ended December 31, 2023 , we recorded a $64.3 million decrease in the accrual for performance allocations primarily related to the fair value decreases that we recorded with respect to two of our Western United States commingled funds as described above. We also had reductions in performance allocations on market rate multifamily separate account platforms in the Western United States and Ireland. There is no performance allocation structure relating to our investment in VHH. During the year ended December 31, 2022 , valuations began to pull back slightly with estimated cap rate expansion, primarily as a result of increased borrowing rates, which led to fair value losses on real estate during the year ended December 31, 2022. The Company also had fair value foreign exchange losses, net of any hedges on our foreign fair value investments as the euro and the GBP were at historically low levels against the U.S. Dollar. These fair value losses were offset by fair value increases on the Company's affordable multifamily properties in our VHH platform due to increased NOI at the properties driven by rental increases and the stabilization of assets that recently completed development. Fair value losses on real estate were also offset by fair value gains on our fixed rate mortgages that are secured by certain properties. This was primarily related to the Company's long-term fixed rate debt having lower rates than the current market rates as a result of higher base rates and spreads in today's financing market driven by rate increases implemented by the Federal Reserve and the European Central Bank ("ECB") during the prior period. The Company also had fair value gains associated with interest rate derivatives held by properties on variable rate mortgages which have increased in value with rising interest rates. The Company's investment in VHH also had significant fair value gains for the year ended December 31, 2022 due to gains on its fixed rate property loans and increases in NOI at the properties due to rental increases. During the year ended December 31, 2022 , the Company recorded a $21.1 million decrease in the accrual for performance allocations relating to our commingled funds and certain separate account investments due to declines in fair value of the applicable investments. During the year ended December 31, 2022, the Company had realized performance fees of $6.8 million relating to the sale of two multifamily properties in the Western United States, of which the Company paid $1.2 million of performance allocation compensation to employees for performance allocations that were realized during the period. Vintage Housing Holdings ("VHH") As of December 31, 2023 and 2022, the carrying value of the Company's investment in VHH was $285.9 million and $272.3 million, respectively. The total equity income recognized from the Company's investment in VHH was $63.0 million, $119.8 million and $41.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Distributions in the current period primarily relate to resyndications and refinancing distributions. Prior period fair value gains primarily relate to resyndications in which VHH dissolves an existing partnership and recapitalizes into a new partnership with tax exempt bonds and tax credits that are sold to a new tax credit partner and, in many cases, yields cash back to VHH. Upon resyndication, VHH retains a GP interest in the partnership and receives various future streams of cash flows including: development fees, asset management fees, other GP management fees and distributions from operations. During the year ended December 31, 2023, the Company received $59.1 million of proceeds from VHH, including $9.7 million from recurring monthly distributions, $3.2 million from paid developer fees at conversion and $46.2 million from sales and refinancings. During the year ended December 31, 2023, the Company sold a wholly-owned, Western United States property to VHH, pursuant to which the Company retains an interest in the asset through its ownership interest in VHH, which resulted in a gain of $15.1 million. Capital Commitments As of December 31, 2023, Kennedy Wilson had unfulfilled capital commitments totaling $187.7 million to eight of its unconsolidated joint ventures, including $73.5 million relating to four closed-end funds managed by Kennedy Wilson, under the respective operating agreements. In addition to the unfunded capital commitments, the Company has $68.7 million of equity commitments on various development projects. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of such capital commitment obligations. Summarized Financial Data VHH The income from VHH was a significant component of the Company's operations for the year ended December 31, 2022. MF Seed Portfolio The income from the MF seed portfolio was a significant component of the Company's operations for the year ended December 31, 2021. Financial information is provided for December 31, 2023 and December 31, 2022 for comparative purposes. Summarized financial information is provided below: VHH MF Seed Portfolio December 31, December 31, (Dollars in millions) 2023 2022 2023 2022 Cash and cash equivalents $ 44.0 $ 37.0 $ 10.0 $ 12.4 Accounts receivable 3.7 4.4 1.2 2.0 Real estate 2,054.9 1,802.7 898.6 970.5 Other 0.3 2.0 1.8 1.1 Total assets $ 2,102.9 $ 1,846.1 $ 911.6 $ 986.0 Liabilities Accounts payable and accrued expenses $ 21.1 $ 17.6 $ 6.8 $ 5.4 Mortgage debt 1,417.4 1,180.6 439.7 448.7 Total liabilities 1,438.5 1,198.2 446.5 454.1 Equity Kennedy Wilson - investment in unconsolidated investment 285.9 271.8 246.6 291.9 Partners 378.5 376.1 218.5 240.0 Total equity 664.4 647.9 465.1 531.9 Total liabilities and equity $ 2,102.9 $ 1,846.1 $ 911.6 $ 986.0 VHH MF Seed Portfolio (Dollars in millions) Year Ended December 31, Year Ended December 31, 2023 2022 2021 2023 2022 2021 Rental income $ 154.6 $ 131.0 $ 114.7 $ 68.4 $ 64.8 $ 31.6 Unrealized fair value gains (losses) 114.4 270.7 77.4 (80.7) 56.1 140.6 Rental expenses (52.1) (41.0) (34.8) (26.9) (21.1) (8.5) Interest expense (52.0) (45.6) (37.5) (18.0) (17.6) (8.2) Other expense (8.2) — (0.1) (2.2) (4.1) (11.8) Net income (loss) 156.7 315.1 119.7 (59.4) 78.1 143.7 (Income) loss attributable to partner (93.7) (195.3) (78.3) 30.4 (33.0) (54.8) Income (loss) from unconsolidated investment $ 63.0 $ 119.8 $ 41.4 $ (29.0) $ 45.1 $ 88.9

FAIR VALUE MEASUREMENTS AND THE

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	12 Months Ended
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2023: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,927.0 $ 1,927.0 Net currency derivative contracts — (23.7) — (23.7) Total $ — $ (23.7) $ 1,927.0 $ 1,903.3 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2022: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 2,093.7 $ 2,093.7 Net currency derivative contracts — 7.0 — 7.0 Total $ — $ 7.0 $ 2,093.7 $ 2,100.7 Unconsolidated Investments Kennedy Wilson elected to use the FV Option for 72 unconsolidated investments to more accurately reflect the timing of the value created in the underlying investments and report those changes in current operations. Kennedy Wilson's investment balance in the FV Option investments was $1,793.9 million and $1,891.1 million at December 31, 2023 and 2022, respectively, which are included in unconsolidated investments in the accompanying balance sheets. Additionally, Kennedy Wilson records its investments in its managed commingled funds (the "Funds") based upon the net assets that would be allocated to its interests in the Funds, assuming the Funds were to liquidate their investments at fair value as of the reporting date. The Company’s investment balance in the Funds was $133.1 million and $202.6 million at December 31, 2023 and 2022, respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. In estimating fair value of real estate held by the Funds and the 72 FV Option investments, the Company considers significant unobservable inputs to be the capitalization and discount rates. The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) December 31, 2023 December 31, 2022 FV Option $ 1,793.9 $ 1,891.1 Funds 133.1 202.6 Total $ 1,927.0 $ 2,093.7 The following table presents changes in Level 3 investments, investments in investment companies and investments in joint ventures that elected the fair value option, for the years ended December 31: (Dollars in millions) 2023 2022 2021 Beginning balance $ 2,093.7 $ 1,794.8 $ 1,136.5 Unrealized and realized gains, including performance allocations 111.5 274.4 390.0 Unrealized and realized losses (377.4) (114.1) (5.0) Contributions 168.8 348.1 273.8 Distributions (143.9) (188.9) (144.3) Foreign exchange 25.0 (55.8) (28.4) Other 49.3 35.2 172.2 Ending balance $ 1,927.0 $ 2,093.7 $ 1,794.8 The Other balance for the year ended December 31, 2023 primarily consists of non-cash contributions relating to two recapitalized multifamily investments into a separate account platform and one multifamily property into VHH. The Other balance for the year ended December 31, 2022 includes $31.9 million related to the sale of a 49% ownership interest in Montiavo. The Other balance for the year ended December 31, 2021 above includes $178.8 million related to the deconsolidation of nine multifamily assets in the MF seed portfolio during the period. As the increase in unconsolidated investments was due to a non-cash movement the amounts are reflected in Other above. See notes to cash flow statement and Note 3 for further discussion regarding the sale. The change in unrealized gains and losses on Level 3 investments during 2023 and 2022 for investments still held as of December 31, 2023 and 2022 were losses of $178.2 million and gains of $120.8 million, respectively. The change in unrealized and realized gains and losses are included in principal co-investments Unobservable Inputs for Real Estate The Company accounts for a number of unconsolidated investments under fair value, the accuracy of estimating fair value cannot be determined with precision and cannot be substantiated by comparison to quoted prices in active markets and may not be realized in a current sale or immediate settlement of the asset or liability. Recently, there has also been a lack of liquidity in the capital markets as well as limited transactions which has had impact on the inputs associated with fair values. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including market-derived estimated capitalization rates, discount rates, liquidity risks, and estimates of future cash flows could significantly affect the fair value measurement amounts. All valuations of real estate involve subjective judgments. In determining estimated fair market values, the Company utilizes two approaches to value real estate, a discounted cash flow analysis and direct capitalization approach. Discounted cash flow models estimate future cash flows from a buyer's perspective (including terminal values) and compute a present value using a market discount rate. The holding period in the analysis is typically ten years. This is consistent with how market participants often estimate values in connection with buying real estate but these holding periods can be shorter depending on the life of the structure an investment is held within. The cash flows include a projection of the net sales proceeds at the end of the holding period, computed using a market reversionary capitalization rate. Under the direct capitalization approach, the Company applies a market derived estimated capitalization rate to current and future income streams with appropriate adjustments for tenant vacancies or rent-free periods. These estimated capitalization rates and future income streams are derived from comparable property and leasing transactions and are considered to be key inputs in the valuation. Other factors that are taken into consideration include tenancy details, planning, building and environmental factors that might affect the property. The Company also utilizes valuations from independent real estate appraisal firms on some of its investments ("appraised valuations"), with certain investment structures requiring appraised valuations periodically (typically annually). All appraised valuations are reviewed and approved by the Company. The table below describes the range of inputs used as of December 31, 2023 for real estate assets: Estimated Rates Used For Capitalization Rates Discount Rates Multifamily Income approach - discounted cash flow 5.70% — 7.50% 7.30% — 11.00% Income approach - direct capitalization 4.30% — 5.80% N/A Office Income approach - discounted cash flow 5.20% — 7.50% 7.50% — 9.30% Income approach - direct capitalization 4.50% — 9.30% N/A Industrial Income approach - discounted cash flow 5.00% —6.30% 6.30% — 7.80% Income approach - direct capitalization 4.10% — 9.00% N/A Retail Income approach - discounted cash flow 6.50% 8.30% Hotel Income approach - discounted cash flow 6.00% 8.30% In valuing indebtedness, Kennedy Wilson considers significant inputs to be the term of the debt, value of collateral, market loan-to-value ratios, market interest rates and spreads, and credit quality of investment entities. The credit spreads used by Kennedy Wilson to value floating rate indebtedness range from 2.00% to 4.60%, while the market rates used to value fixed rate indebtedness range from 4.90% to 9.30%. There is no active secondary market for the Company's development projects and no readily available market value given the uncertainty of the amount and timing of future cash flows. Accordingly, determination of fair value of its development projects requires judgment and extensive use of estimates. Therefore, the Company typically uses investment cost as the estimated fair value until future cash flows become more predictable. Additionally, the fair value of its development projects may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that the Company may ultimately realize. If the Company were required to liquidate an investment in a forced or liquidation sale, it could realize significantly less than the value at which the Company has recorded it. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected in the currently assigned valuations. Ongoing macroeconomic conditions, such as, but not limited to, elevated levels of inflation and interest rates, banks' ability and willingness to lend, recent adverse developments affecting regional banks and other financial institutions, currency fluctuations the ongoing military conflicts around the world, continue to fuel recessionary fears and create volatility in our business results and operations. Any prolonged downturn in the financial markets or a recession, either globally or locally in the United States or in other countries in which we conduct business, could impact the fair value of investments held by the Company. As a result of the rapid development, fluidity and uncertainty surrounding these situations, the Company expects that information with respect to fair value measurement may change, potentially significantly, going forward and may not be indicative of the actual impact on our business, operations, cash flows and financial condition for the year ended December 31, 2023 and future periods. Currency Derivative Contracts Kennedy Wilson uses foreign currency derivative contracts such as forward contracts and options to manage its foreign currency risk exposure against a portion of certain non-U.S. dollar denominated currency net investments. Foreign currency options are valued using a variant of the Black-Scholes model tailored for currency derivatives and the foreign currency forward contracts are valued based on the difference between the contract rate and the forward rate at maturity of the underlying currency applied to the notional value in the underlying currency discounted at a market rate for similar risks. Although the Company has determined that the majority of the inputs used to value its currency derivative contracts fall within Level 2 of the fair value hierarchy, the counterparty risk adjustments associated with the currency derivative contracts utilize Level 3 inputs. However, as of December 31, 2023 and 2022, Kennedy Wilson assessed the significance of the impact of the counterparty valuation adjustments on the overall valuation of its derivative positions and determined that the counterparty valuation adjustments are not significant to the overall valuation of its derivative. As a result, the Company has determined that our derivative valuation in its entirety be classified in Level 2 of the fair value hierarchy. Changes in fair value are recorded in other comprehensive income (loss) in the accompanying consolidated statements of comprehensive income as the portion of the currency forward and option contracts used to hedge currency exposure of its certain consolidated subsidiaries qualifies as a net investment hedge under ASC Topic 815, Derivatives and Hedging . Changes in fair value on hedges associated with investments that are held at fair value are recorded through principal co-investments within income from unconsolidated investments. The Company has elected to amortize the spot to forward difference ("forward points") to interest expense over the contractual life of the hedges. On hedges associated with fair value investments the forward point amortization to interest expense is recorded as a component of principal co-investments. The fair value of the currency derivative contracts held as of December 31, 2023 and 2022 are reported in other assets for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the accompanying balance sheet. See Note 15 for a complete discussion on other comprehensive income including currency forward and option contracts and foreign currency translations. The table below details the currency forward contracts and currency option contracts Kennedy Wilson had as of December 31, 2023: (Dollars in millions) December 31, 2023 Year Ended December 31, 2023 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized (Losses) Gains Recognized Losses Interest Expense Cash Paid Outstanding EUR USD € 287.5 $ 2.5 $ (18.1) $ (0.4) $ (12.1) $ 4.3 $ — EUR (1) GBP € 40.0 — (0.4) (1.3) — — — EUR (1)(2) GBP € 475.0 — — 11.6 — — — GBP USD £ 475.0 10.8 (18.5) (22.0) (5.4) 1.9 — Total Outstanding 13.3 (37.0) (12.1) (17.5) 6.2 — Settled GBP USD — — 1.9 — 0.1 (2.1) Total Settled — — 1.9 — 0.1 (2.1) Total $ 13.3 $ (37.0) $ (10.2) (3) $ (17.5) $ 6.3 $ (2.1) (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 10. (3) Excludes deferred tax expense of $4.7 million. The gains and losses recognized through other comprehensive income (loss) will remain in accumulated other comprehensive income (loss) until the underlying investments they were hedging are substantially liquidated by Kennedy Wilson. The currency derivative contracts discussed above are offset by foreign currency translation of the Company's foreign net assets. For the year ended December 31, 2023, Kennedy Wilson had a gross foreign currency translation gain on its net assets of $32.3 million. As of December 31, 2023, the Company has hedged 97% of the net asset carrying value of its euro denominated investments and 95% of the net asset carrying value of its GBP denominated investments. See Note 15 for a complete discussion on other comprehensive income including currency derivative contracts and foreign currency translations. Interest Rate Derivatives The Company has interest rate swaps and caps to hedge its exposure to rising interest rates. Changes in the value of interest rate swaps that are designated to specific investments have fair value movements recorded to other comprehensive income (loss) and had fair value gains of $7.4 million for the year ended December 31, 2022. There were no investments that had interest rate derivatives designated to specific investments during the year ended December 31, 2023. Changes in the value of interest rate swaps and caps that are undesignated are recorded to other income and had fair value gains of $5.9 million and $42.4 million for the years ended December 31, 2023 and 2022. Some of the Company's unconsolidated investments have interest rate caps which resulted in a loss of $5.2 million and a gain of $16.9 million recorded in principal co-investments for the years ended December 31, 2023 and 2022. During the year end December 31, 2022 the Company refinanced a mortgage with interest rate swaps. Due to the refinancing, the Company recognized $1.1 million to other income for amounts that had previously been recognized to other comprehensive income. Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable including related party receivables, accounts payable, accrued expenses and other liabilities approximate fair value due to their short-term maturities. The carrying value of loans (excluding related party loans as they are presumed not to be an arm’s length transaction) approximates fair value as the terms are similar to loans with similar characteristics available in the market. Debt liabilities are accounted for at face value plus net unamortized debt premiums. Debt assumed in an asset acquisition, or business combination, is recorded at fair value on the date of acquisition. The aggregate fair value as of December 31, 2023 and 2022 for mortgages, KW unsecured debt, and KWE unsecured bonds were estimated to be approximately $4.8 billion and $5.0 billion, respectively, based on a comparison of the yield that would be required in a current transaction, taking into consideration the risk of the underlying collateral and the Company's credit risk to the current yield of a similar security, compared to their aggregate carrying value of $5.3 billion and $5.6 billion as of December 31, 2023 and 2022, respectively. The inputs used to value mortgages, KW unsecured debt, and KWE unsecured bonds are based on observable inputs for similar assets and quoted prices in markets that are not active and are therefore determined to be level 2 inputs.

LOANS

LOANS	12 Months Ended
LOANS	Dec. 31, 2023
Receivables [Abstract]
LOANS	LOANS The global debt platform consists of two groups: the Company's construction lending portfolio, which was established with the acquisition of the Construction Loan Portfolio from Pacific Western Bank in the second quarter of 2023 (as detailed below) and the Company's bridge loan portfolio. During the year ended December 31, 2023, the Company and affiliates of Fairfax Financial Holdings Limited (collectively, "Fairfax"), its equity partner, acquired a $4.1 billion construction loan portfolio from Pacific Western Bank (the "Construction Loan Portfolio"). The Company’s investment in the Construction Loan Portfolio was 5% of the purchase price and the future funding obligations. The $4.1 billion represented the gross commitment amount for the Construction Loan Portfolio, which has been reduced to $3.7 billion as of December 31, 2023 due to loan repayments. The Construction Loan Portfolio has a current outstanding balance of $2.4 billion (Kennedy Wilson share of $118.9 million), not including the 4.5% discount on gross commitment amounts from the time of purchase. As of December 31, 2023, the Company had unfulfilled capital commitments totaling $87.7 million to our loan portfolio. The Company had loan purchases and originations of $247.2 million and $149.4 million at December 31, 2023 and December 31, 2022, respectively. During the year ended December 31, 2023 and December 31, 2022, the Company had loan income of $26.1 million and $11.7 million, respectively. During the year ended December 31, 2023, the Company recorded a $7.0 million credit loss reserve through other (loss) income. See Note 2 for more detail on CECL reserves.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
OTHER ASSETS	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: December 31, (Dollars in millions) 2023 2022 Straight line rent receivable $ 45.8 $ 42.2 Interest rate caps and swaps 29.0 41.0 Goodwill 23.9 23.9 Hedge assets 13.3 34.3 Prepaid expenses 13.1 12.7 Deferred taxes, net 10.0 9.4 Leasing commissions, net of accumulated amortization of $13.4 and $11.1 at December 31, 2023 and 2022, respectively 9.0 9.4 Right of use asset, net 8.9 12.2 Furniture and equipment net of accumulated depreciation of $30.8 and $29.4 at December 31, 2023 and 2022, respectively 7.0 13.4 Above-market leases, net of accumulated amortization of $42.4 and $53.0 at December 31, 2023 and 2022, respectively 2.5 3.9 Other 25.0 13.7 Other Assets $ 187.5 $ 216.1 Depreciation and amortization expense related to the above depreciable assets were $8.8 million, $10.2 million, and $14.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. Right of use asset, net The Company, as a lessee, has three office leases and two ground leases, which qualify as operating leases, with remaining lease terms of two The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2024 $ 1.1 2025 1.0 2026 1.3 2027 1.4 2028 1.3 Thereafter 31.1 Total undiscounted rental payments 37.2 Less imputed interest (28.3) Right of Use Asset $ 8.9 Rental expense was $0.7 million, $0.6 million, and $0.7 million for the years ended December 31, 2023, 2022 and 2021, respectively, and is included in general and administrative expense on the accompanying consolidated statements of operations.

MORTGAGE DEBT

MORTGAGE DEBT	12 Months Ended
MORTGAGE DEBT	Dec. 31, 2023
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2023 and 2022: (Dollars in millions) Carrying amount of mortgage debt as of December 31, (1) Mortgage Debt by Product Type Region 2023 2022 Multifamily (1) Western U.S. $ 1,711.0 $ 1,692.9 Commercial (1) United Kingdom 509.9 637.4 Commercial Western U.S. 258.2 296.6 Commercial (1) Ireland 337.8 370.7 Commercial Spain 37.7 36.9 Mortgage debt (excluding loan fees) (1) 2,854.6 3,034.5 Unamortized loan fees (13.7) (16.5) Total Mortgage Debt $ 2,840.9 $ 3,018.0 (1) The mortgage debt payable balances include unamortized debt discount. Debt discount represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan discount as of December 31, 2023 and 2022 was $1.0 million and $0.6 million, respectively. The mortgage debt had a weighted average interest rate of 5.10% and 4.12% per annum as of December 31, 2023 and 2022, respectively. As of December 31, 2023, 65% of Kennedy Wilson's property level debt was fixed rate, 35% was floating rate with interest caps and 0% was floating rate without interest caps, compared to 65% fixed rate, 27% floating rate with interest caps and 8% floating rate without interest caps, as of December 31, 2022. Mortgage Debt Transactions and Maturities During the year ended December 31, 2023, five existing mortgages were refinanced and three loans were deconsolidated. The aggregate maturities of mortgage loans including amortization and effects of any extension options as of December 31, 2023 are as follows: (Dollars in millions) Aggregate Maturities 2024 (1) $ 150.0 2025 201.6 2026 616.7 2027 411.3 2028 342.4 Thereafter 1,133.6 2,855.6 Unamortized debt discount (1.0) Unamortized loan fees (13.7) Total Mortgage Debt $ 2,840.9 (1) The Company expects to repay the amounts maturing in the next twelve months with new mortgage loans, cash generated from operations, existing cash balances, proceeds from dispositions of real estate investments, or as necessary, with borrowings on the Company's Second A&R Facility.

KW UNSECURED DEBT

KW UNSECURED DEBT	12 Months Ended
KW UNSECURED DEBT	Dec. 31, 2023
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 Credit Facility $ 150.4 $ 282.0 Senior Notes (1) 1,803.1 1,803.5 KW Unsecured Debt 1,953.5 2,085.5 Unamortized loan fees (19.2) (22.9) Total KW Unsecured Debt $ 1,934.3 $ 2,062.6 (1) The senior notes balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium as of December 31, 2023 and December 31, 2022 was $3.1 million and $3.5 million, respectively. Borrowings Under Credit Facilities The Company, through its wholly-owned subsidiary, Kennedy-Wilson, Inc. (the "Borrower"), has a $500 million unsecured revolving credit facility (the "Second A&R Facility"). Loans under the Second A&R Facility bear interest at a rate equal to Secured Overnight Financing Rate ("SOFR") plus 1% plus between 1.75% and 2.50%, depending on the consolidated leverage ratio as of the applicable measurement date. The Second A&R Facility has a maturity date of September 25, 2024. Subject to certain conditions precedent and at the Borrower's option, the maturity date of the Second A&R Facility may be extended by six months. The Company intends to refinance or extend the Second A&R Facility before its maturity. The Second A&R Facility has certain covenants as set forth in that certain Second Amended and Restated Credit Agreement, dated as of March 25, 2020 (the "Credit Agreement") that, among other things, limit the Company and certain of its subsidiaries’ ability to incur additional indebtedness, pay dividends or make distributions to stockholders, repurchase capital stock or debt, make investments, sell assets or subsidiary stock, create or permit liens, engage in transactions with affiliates, enter into sale/leaseback transactions, issue subsidiary equity and enter into consolidations or mergers. The Credit Agreement requires the Company to maintain (i) a maximum consolidated leverage ratio (as defined in the Credit Agreement) of not greater than 65%, measured as of the last day of each fiscal quarter, (ii) a minimum fixed charge coverage ratio (as defined in the Credit Agreement) of not less than 1.70 to 1.00, measured as of the last day of each fiscal quarter for the period of four full fiscal quarters then ended, (iii) a minimum consolidated tangible net worth equal to or greater than the sum of $1,700,000,000 plus an amount equal to fifty percent (50%) of net equity proceeds received by the Company after the date of the most recent financial statements that are available as of March 25, 2020, measured as of the last day of each fiscal quarter, (iv) a maximum recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to consolidated tangible net worth as of the measurement date multiplied by 1.5, measured as of the last day of each fiscal quarter, (v) a maximum secured recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to 3.5% of consolidated total asset value (as defined in the Credit Agreement) and $299,000,000, (vi) a maximum adjusted secured leverage ratio (as defined in the Credit Agreement) of not greater than 55%, measured as of the last day of each fiscal quarter, and (vii) liquidity (as defined in the Credit Agreement) of at least $75.0 million. As of December 31, 2023, the Company was in compliance with all financial covenant calculations. The obligations of the Borrower pursuant to the Credit Agreement are guaranteed by the Company and certain wholly-owned subsidiaries of the Company. As of December 31, 2023, the Company had $150.4 million outstanding on the Second A&R Facility with $349.6 million available to be drawn. The average outstanding borrowings under credit facilities was $204.7 million during the year ended December 31, 2023. Senior Notes On February 11, 2021, Kennedy-Wilson, Inc., as issuer, issued $500.0 million aggregate principal amount of 4.750% senior notes due 2029 (the “2029 notes”) and $500.0 million aggregate principal amount of 5.000% senior notes due 2031 (the “2031 notes” and, together with the 2029 notes, the “initial notes”). On March 15, 2021, Kennedy-Wilson, Inc. issued an additional $100 million aggregate principal of the 2029 notes and an additional $100 million of the 2031 notes. These additional notes were issued as "additional notes" under the indentures pursuant to which Kennedy Wilson previously issued 2029 notes and the 2031 notes. On August 23, 2021, Kennedy-Wilson, Inc. issued $600.0 million aggregate principal amount of 4.750% senior notes due 2030 (the "2030 notes" and, together with the 2029 notes and the 2031 notes, the "notes"). The notes are senior, unsecured obligations of Kennedy Wilson and are guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of Kennedy Wilson. The notes accrue interest at a rate of 4.750% (in the case of the 2029 notes), 4.750% (in the case of the 2030 notes) and 5.000% (in the case of the 2031 notes) per annum, payable semi-annually in arrears on March 1 and September 1 of each year, beginning on September 1, 2021 for the 2029 notes and 2031 notes and March 1, 2022 for the 2030 notes. The notes will mature on March 1, 2029 (in the case of the 2029 notes), February 1, 2030 (in case of 2030 notes) and March 1, 2031 (in the case of the 2031 notes), in each case unless earlier repurchased or redeemed. At any time prior to March 1, 2024 (in the case of the 2029 notes), September 1, 2024 (in the case of the 2030 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at a redemption price equal to 100% of their principal amount, plus an applicable “make-whole” premium and accrued and unpaid interest, if any, to the redemption date. At any time and from time to time on or after March 1, 2024 (in the case of the 2029 notes), September 1, 2024 (in the case of the 2030 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at specified redemption prices set forth in the indenture governing the notes of the applicable series, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to March 1, 2024 (for 2029 notes and 2031 notes) and September 1, 2024 (for 2030 notes), Kennedy Wilson may redeem up to 40% of the notes of either series from the proceeds of certain equity offerings. No sinking fund will be provided for the notes. Upon the occurrence of certain change of control or termination of trading events, holders of the notes may require Kennedy Wilson to repurchase their notes for cash equal to 101% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. As of December 31, 2020, Kennedy Wilson, Inc. had $1.2 billion of 5.875% Senior Notes due 2024 (the "2024 notes"). On January 27, 2021 the Company announced a tender offer for up to $1.0 billion aggregate principal amount of outstanding 2024 notes. On February 9, 2021, $576.9 million aggregate principal amount of the 2024 notes were tendered. As a result of the tender offer the Company recognized $14.8 million of loss on early extinguishment of debt due to the tender premium and the proportionate write off of capitalized loan fees and debt discount associated with the bonds retired as part of the tender offer. On April 1, 2021 the Company redeemed the remaining $573.1 million of the 2024 notes using cash on hand from the proceeds of the 2029 notes and 2031 notes. As a result of the redemption the Company recognized an additional $11.7 million of loss on early extinguishment of debt during the year ended December 31, 2021. The indentures governing the notes contain various restrictive covenants, including, among others, limitations on the Company's ability and the ability of certain of the Company's subsidiaries to incur or guarantee additional indebtedness, make restricted payments, pay dividends or make any other distributions from restricted subsidiaries, redeem or repurchase capital stock, sell assets or subsidiary stocks, engage in transactions with affiliates, create or permit liens, enter into sale/leaseback transactions, and enter into consolidations or mergers. The indentures governing the notes limit the ability of Kennedy Wilson and its restricted subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, the maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 to 1.00, subject to certain exceptions. As of December 31, 2023, the maximum balance sheet leverage ratio was 1.22 to 1.00. See Note 18 for the guarantor and non-guarantor financial statements. As of December 31, 2023, the Company was in compliance with all financial covenants. The following table details the KWE unsecured bonds as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 KWE Euro Medium Term Note Programme (1) $ 523.3 $ 507.1 Unamortized loan fees (0.5) (0.7) Total KWE Unsecured Bonds $ 522.8 $ 506.4 (1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan discount as of December 31, 2023 and 2022 was $1.0 million and $1.5 million, respectively. KWE issued senior unsecured notes for an aggregate principal amount of (€550 million) (the "KWE Notes"). The KWE Notes were issued at a discount with an annual fixed coupon of 3.25%, and mature in November 2025. KWE invested proceeds from the KWE Notes to fund equity investments in euro denominated assets and has designated the KWE Notes as a net investment hedge under ASC Topic 815. Subsequent fluctuations in foreign currency rates that impact the carrying value of the KWE Notes are recorded to accumulated other comprehensive income. During the year ended December 31, 2023, Kennedy Wilson recognized a gain of $11.6 million in accumulated other comprehensive income due to the weakening of the euro against the GBP during the period. During the year ended December 31, 2022, KWE launched a cash tender offer for up to €150.0 million in aggregate nominal amount of the KWE Notes and accepted all of the €75.0 million (approximately $80.3 million, based on December 31, 2022 rates) in aggregate nominal amount of KWE Notes validly tendered pursuant to the tender offer for a purchase price equal to 82% of the nominal amount of the KWE Notes, which resulted in a gain on extinguishment of debt of $13.9 million. The trust deed that governs the bonds contain various restrictive covenants for KWE, including, among others, limitations on KWE’s and its material subsidiaries’ ability to provide certain negative pledges. The trust deed limits the ability of KWE and its subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the incurrence of the new indebtedness, (1) KWE’s consolidated net indebtedness (as defined in the trust deed) would exceed 60% of KWE’s total assets (as calculated pursuant to the terms of the trust deed); and (2) KWE’s consolidated secured indebtedness (as defined in the trust deed) would exceed 50% of KWE’s total assets (as calculated pursuant to the terms of the trust deed). The trust deed also requires KWE, as of each reporting date, to maintain an interest coverage ratio (as defined in the trust deed) of at least 1.50 to 1.00 and have unencumbered assets of no less than 125% of its unsecured indebtedness (as defined in the trust deed). As of December 31, 2023, KWE was in compliance with these financial covenants.

KWE UNSECURED BONDS

KWE UNSECURED BONDS	12 Months Ended
KWE UNSECURED BONDS	Dec. 31, 2023
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KW UNSECURED DEBT The following table details KW unsecured debt as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 Credit Facility $ 150.4 $ 282.0 Senior Notes (1) 1,803.1 1,803.5 KW Unsecured Debt 1,953.5 2,085.5 Unamortized loan fees (19.2) (22.9) Total KW Unsecured Debt $ 1,934.3 $ 2,062.6 (1) The senior notes balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium as of December 31, 2023 and December 31, 2022 was $3.1 million and $3.5 million, respectively. Borrowings Under Credit Facilities The Company, through its wholly-owned subsidiary, Kennedy-Wilson, Inc. (the "Borrower"), has a $500 million unsecured revolving credit facility (the "Second A&R Facility"). Loans under the Second A&R Facility bear interest at a rate equal to Secured Overnight Financing Rate ("SOFR") plus 1% plus between 1.75% and 2.50%, depending on the consolidated leverage ratio as of the applicable measurement date. The Second A&R Facility has a maturity date of September 25, 2024. Subject to certain conditions precedent and at the Borrower's option, the maturity date of the Second A&R Facility may be extended by six months. The Company intends to refinance or extend the Second A&R Facility before its maturity. The Second A&R Facility has certain covenants as set forth in that certain Second Amended and Restated Credit Agreement, dated as of March 25, 2020 (the "Credit Agreement") that, among other things, limit the Company and certain of its subsidiaries’ ability to incur additional indebtedness, pay dividends or make distributions to stockholders, repurchase capital stock or debt, make investments, sell assets or subsidiary stock, create or permit liens, engage in transactions with affiliates, enter into sale/leaseback transactions, issue subsidiary equity and enter into consolidations or mergers. The Credit Agreement requires the Company to maintain (i) a maximum consolidated leverage ratio (as defined in the Credit Agreement) of not greater than 65%, measured as of the last day of each fiscal quarter, (ii) a minimum fixed charge coverage ratio (as defined in the Credit Agreement) of not less than 1.70 to 1.00, measured as of the last day of each fiscal quarter for the period of four full fiscal quarters then ended, (iii) a minimum consolidated tangible net worth equal to or greater than the sum of $1,700,000,000 plus an amount equal to fifty percent (50%) of net equity proceeds received by the Company after the date of the most recent financial statements that are available as of March 25, 2020, measured as of the last day of each fiscal quarter, (iv) a maximum recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to consolidated tangible net worth as of the measurement date multiplied by 1.5, measured as of the last day of each fiscal quarter, (v) a maximum secured recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to 3.5% of consolidated total asset value (as defined in the Credit Agreement) and $299,000,000, (vi) a maximum adjusted secured leverage ratio (as defined in the Credit Agreement) of not greater than 55%, measured as of the last day of each fiscal quarter, and (vii) liquidity (as defined in the Credit Agreement) of at least $75.0 million. As of December 31, 2023, the Company was in compliance with all financial covenant calculations. The obligations of the Borrower pursuant to the Credit Agreement are guaranteed by the Company and certain wholly-owned subsidiaries of the Company. As of December 31, 2023, the Company had $150.4 million outstanding on the Second A&R Facility with $349.6 million available to be drawn. The average outstanding borrowings under credit facilities was $204.7 million during the year ended December 31, 2023. Senior Notes On February 11, 2021, Kennedy-Wilson, Inc., as issuer, issued $500.0 million aggregate principal amount of 4.750% senior notes due 2029 (the “2029 notes”) and $500.0 million aggregate principal amount of 5.000% senior notes due 2031 (the “2031 notes” and, together with the 2029 notes, the “initial notes”). On March 15, 2021, Kennedy-Wilson, Inc. issued an additional $100 million aggregate principal of the 2029 notes and an additional $100 million of the 2031 notes. These additional notes were issued as "additional notes" under the indentures pursuant to which Kennedy Wilson previously issued 2029 notes and the 2031 notes. On August 23, 2021, Kennedy-Wilson, Inc. issued $600.0 million aggregate principal amount of 4.750% senior notes due 2030 (the "2030 notes" and, together with the 2029 notes and the 2031 notes, the "notes"). The notes are senior, unsecured obligations of Kennedy Wilson and are guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of Kennedy Wilson. The notes accrue interest at a rate of 4.750% (in the case of the 2029 notes), 4.750% (in the case of the 2030 notes) and 5.000% (in the case of the 2031 notes) per annum, payable semi-annually in arrears on March 1 and September 1 of each year, beginning on September 1, 2021 for the 2029 notes and 2031 notes and March 1, 2022 for the 2030 notes. The notes will mature on March 1, 2029 (in the case of the 2029 notes), February 1, 2030 (in case of 2030 notes) and March 1, 2031 (in the case of the 2031 notes), in each case unless earlier repurchased or redeemed. At any time prior to March 1, 2024 (in the case of the 2029 notes), September 1, 2024 (in the case of the 2030 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at a redemption price equal to 100% of their principal amount, plus an applicable “make-whole” premium and accrued and unpaid interest, if any, to the redemption date. At any time and from time to time on or after March 1, 2024 (in the case of the 2029 notes), September 1, 2024 (in the case of the 2030 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at specified redemption prices set forth in the indenture governing the notes of the applicable series, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to March 1, 2024 (for 2029 notes and 2031 notes) and September 1, 2024 (for 2030 notes), Kennedy Wilson may redeem up to 40% of the notes of either series from the proceeds of certain equity offerings. No sinking fund will be provided for the notes. Upon the occurrence of certain change of control or termination of trading events, holders of the notes may require Kennedy Wilson to repurchase their notes for cash equal to 101% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. As of December 31, 2020, Kennedy Wilson, Inc. had $1.2 billion of 5.875% Senior Notes due 2024 (the "2024 notes"). On January 27, 2021 the Company announced a tender offer for up to $1.0 billion aggregate principal amount of outstanding 2024 notes. On February 9, 2021, $576.9 million aggregate principal amount of the 2024 notes were tendered. As a result of the tender offer the Company recognized $14.8 million of loss on early extinguishment of debt due to the tender premium and the proportionate write off of capitalized loan fees and debt discount associated with the bonds retired as part of the tender offer. On April 1, 2021 the Company redeemed the remaining $573.1 million of the 2024 notes using cash on hand from the proceeds of the 2029 notes and 2031 notes. As a result of the redemption the Company recognized an additional $11.7 million of loss on early extinguishment of debt during the year ended December 31, 2021. The indentures governing the notes contain various restrictive covenants, including, among others, limitations on the Company's ability and the ability of certain of the Company's subsidiaries to incur or guarantee additional indebtedness, make restricted payments, pay dividends or make any other distributions from restricted subsidiaries, redeem or repurchase capital stock, sell assets or subsidiary stocks, engage in transactions with affiliates, create or permit liens, enter into sale/leaseback transactions, and enter into consolidations or mergers. The indentures governing the notes limit the ability of Kennedy Wilson and its restricted subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, the maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 to 1.00, subject to certain exceptions. As of December 31, 2023, the maximum balance sheet leverage ratio was 1.22 to 1.00. See Note 18 for the guarantor and non-guarantor financial statements. As of December 31, 2023, the Company was in compliance with all financial covenants. The following table details the KWE unsecured bonds as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 KWE Euro Medium Term Note Programme (1) $ 523.3 $ 507.1 Unamortized loan fees (0.5) (0.7) Total KWE Unsecured Bonds $ 522.8 $ 506.4 (1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan discount as of December 31, 2023 and 2022 was $1.0 million and $1.5 million, respectively. KWE issued senior unsecured notes for an aggregate principal amount of (€550 million) (the "KWE Notes"). The KWE Notes were issued at a discount with an annual fixed coupon of 3.25%, and mature in November 2025. KWE invested proceeds from the KWE Notes to fund equity investments in euro denominated assets and has designated the KWE Notes as a net investment hedge under ASC Topic 815. Subsequent fluctuations in foreign currency rates that impact the carrying value of the KWE Notes are recorded to accumulated other comprehensive income. During the year ended December 31, 2023, Kennedy Wilson recognized a gain of $11.6 million in accumulated other comprehensive income due to the weakening of the euro against the GBP during the period. During the year ended December 31, 2022, KWE launched a cash tender offer for up to €150.0 million in aggregate nominal amount of the KWE Notes and accepted all of the €75.0 million (approximately $80.3 million, based on December 31, 2022 rates) in aggregate nominal amount of KWE Notes validly tendered pursuant to the tender offer for a purchase price equal to 82% of the nominal amount of the KWE Notes, which resulted in a gain on extinguishment of debt of $13.9 million. The trust deed that governs the bonds contain various restrictive covenants for KWE, including, among others, limitations on KWE’s and its material subsidiaries’ ability to provide certain negative pledges. The trust deed limits the ability of KWE and its subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the incurrence of the new indebtedness, (1) KWE’s consolidated net indebtedness (as defined in the trust deed) would exceed 60% of KWE’s total assets (as calculated pursuant to the terms of the trust deed); and (2) KWE’s consolidated secured indebtedness (as defined in the trust deed) would exceed 50% of KWE’s total assets (as calculated pursuant to the terms of the trust deed). The trust deed also requires KWE, as of each reporting date, to maintain an interest coverage ratio (as defined in the trust deed) of at least 1.50 to 1.00 and have unencumbered assets of no less than 125% of its unsecured indebtedness (as defined in the trust deed). As of December 31, 2023, KWE was in compliance with these financial covenants.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Related party revenue is fees and other income received from investments in which the Company has an ownership interest, excluding amounts eliminated in consolidation discussed below. Kennedy Wilson earned related party fees of $61.9 million, $45.2 million and $35.3 million for the periods ended December 31, 2023, 2022 and 2021, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The table below represents a geographical breakdown of book (loss) income before the (benefit from) provision for income taxes: Year ended December 31, (Dollars in millions) 2023 2022 2021 Domestic $ (238.8) $ 88.5 $ 447.6 Foreign (97.9) 49.6 14.9 Total $ (336.7) $ 138.1 $ 462.5 The U.S. and foreign components of provision for income taxes consisted of the following components. However, it is not reflective of the cash tax results of the Company. Year ended December 31, (Dollars in millions) 2023 2022 2021 Federal Current $ — $ — $ — Deferred (66.0) 3.6 94.4 (66.0) 3.6 94.4 State Current 0.7 0.3 (0.2) Deferred 0.8 11.3 9.1 1.5 11.6 8.9 Foreign Current 9.9 17.6 14.2 Deferred (0.7) 3.4 8.7 9.2 21.0 22.9 Total $ (55.3) $ 36.2 $ 126.2 A reconciliation of the statutory federal income tax rate of 21% with Kennedy Wilson’s effective income tax rate is as follows: Year ended December 31, (Dollars in millions) 2023 2022 2021 Tax computed at the statutory rate $ (70.7) $ 29.0 $ 97.1 Domestic permanent differences, primarily disallowed executive compensation 8.7 7.8 8.1 Foreign permanent differences, primarily non-deductible depreciation, amortization and interest expenses in the United Kingdom 1.9 1.7 8.2 Effect of foreign operations, net of foreign tax credit 11.2 (8.8) 7.4 Noncontrolling interests (5.1) (1.1) (2.6) State income taxes, net of federal benefit (7.8) 2.8 7.0 Other 6.5 4.8 1.0 (Benefit from) provision for income taxes $ (55.3) $ 36.2 $ 126.2 Cumulative tax effects of temporary differences are shown below at December 31, 2023 and 2022: Year ended December 31, (Dollars in millions) 2023 2022 Deferred tax assets: Foreign currency translation $ 4.8 $ 5.0 Net operating loss carryforward and credits 178.0 152.0 Depreciation and amortization 69.4 51.5 Investment basis difference 89.6 90.7 Stock option expense 1.7 2.0 Hedging transactions 15.5 10.0 Lease liability 0.1 0.1 Accrued reserves 7.9 9.5 Total deferred tax assets 367.0 320.8 Valuation allowance (283.3) (265.9) Net deferred tax assets 83.7 54.9 Deferred tax liabilities: Investment basis and reserve differences 304.1 344.9 Right of use asset — 0.1 Prepaid expenses and other 3.7 3.7 Capitalized interest 0.1 1.0 Total deferred tax liabilities 307.9 349.7 Deferred tax liability, net $ (224.2) $ (294.8) During 2019, the United Kingdom enacted a Finance Act, which introduced a new capital gain tax for non-UK resident investors who dispose of UK real estate. The new capital gain tax law became effective on April 6, 2019. Beginning on this date, non-UK resident investors are subject to UK tax on gains arising from the direct and indirect dispositions of UK real estate held for investment purposes. Transitional provisions allowed for rebasing of UK real estate values to fair market value as of April 5, 2019 ("UK Basis Step-Up"). Accordingly, only gains arising from property value increases after April 5, 2019 are subject to tax. The step-up led to a higher tax basis relative to the carrying value of the UK real estate, thus resulting in a UK deferred tax asset of $107.0 million. The realizability of this deferred tax asset is dependent on future disposition of real estate at a fair market value in excess of appraised value as of April 5, 2019. Given uncertainties surrounding Brexit and its potential impact on future real estate values, the Company concluded that the U.K. deferred tax asset did not meet the more likely than not threshold of being realizable. Therefore, a full valuation allowance was recorded against the UK deferred tax asset. As the economic environment in the UK real estate market is still uncertain and highly depended on numerous general economic factors, including but not limited to rising interest rates, foreign currency fluctuations, inflation, etc, the Company has maintained a full valuation allowance against its UK Basis Step-Up deferred tax asset. During fiscal year 2023, the valuation allowance on the UK Basis Step-Up increased to $156.2 million, primarily due to current year depreciation expense. During March 2018, Kennedy Wilson elected to treat KWE as a partnership for U.S. tax purposes retroactive to December 29, 2017. Due to unrealized foreign exchange losses not yet deductible for tax purposes and the consideration paid to acquire the non-controlling interests in KWE exceeding the book carrying value of the non-controlling interests in KWE, the Company’s tax basis in KWE exceeded its book carrying value at December 29, 2017, and every period thereafter. Prior to the election to treat KWE as a partnership, KWE was taxed as a controlled foreign corporation. As a controlled foreign corporation, the Company was precluded from recognizing a deferred tax asset for its tax basis in excess of book carrying value for its investment in KWE as the excess tax basis from the investment was not expected to reverse in the foreseeable future. However, as a result of the conversion of KWE to a partnership for U.S. tax purposes, the Company was required to record a deferred tax asset for its investment in KWE. As of December 31, 2018, the Company recorded a $98.3 million deferred tax asset related to its excess tax basis over book carrying value for its investment in KWE. As a significant portion of the excess tax basis would only reverse upon a strengthening of foreign currencies or upon a disposition of KWE, the Company determined that a valuation allowance of $98.3 million was required for the tax basis that was in excess of the Company’s carrying value for its investment in KWE as it did not meet the more likely than not recognition threshold. During the years ended December 31, 2021, 2020 and 2019, a portion of the excess tax basis over book basis in KWE reversed as a result of lower tax gains on sales of real estate. During the year ended December 31, 2023, the Company's excess tax basis over book basis in KWE decreased due to unrealized foreign currency gains that has no tax basis. During the year ended December 31, 2022, the Company's excess tax basis over book basis in KWE increased due to unrealized foreign currency losses that are not currently deductible for tax. As of December 31, 2023, Kennedy Wilson’s excess tax basis in KWE and the related valuation allowance were $74.6 million and $73.2 million, respectively. As of December 31, 2023, Kennedy Wilson had federal, California and other state net operating losses of $47.5 million, $100.8 million, and $19.8 million, respectively. The entirety of the $47.5 million federal net operating loss carryforwards were generated after December 31, 2017 and do not expire. However, such losses are only eligible to offset 80% of taxable income in a given year. California net operating losses begin to expire in 2034. As of December 31, 2023, Kennedy Wilson had $197.4 million of foreign net operating loss carryforwards, which have no expiration date. The Company has foreign tax credit carryforwards of $100.5 million, of which $0.1 million begin to expire in December 2024. The Company's valuation allowance on deferred tax assets increased by $17.4 million in 2023 and increased by $8.8 million in 2022. The increase in the valuation allowance during 2023 primarily relates to additional valuation allowance recorded on the Company's UK Basis Step-Up deferred tax asset as a result of depreciation. The increase in the 2022 valuation allowance principally relates to remeasuring the UK Basis Step Up deferred tax asset from 19% to 25%. In June 2021, the Company received a notification of a general tax inquiry being conducted by the Spanish tax authorities for several of its Spanish entities for tax years 2016 and 2017. As a result of the Spanish tax inquiry, management has reassessed the Company’s prior Spanish tax filing positions and the need to accrue additional taxes. Based on this reassessment, the Company believes that no additional Spanish tax accruals are required. Kennedy Wilson’s federal and state income tax returns remain open to examination for the years 2020 through 2022 and 2019 through 2022, respectively. However, due to the existence of prior year loss carryovers, the IRS may examine any tax years for which the carryovers are used to offset future taxable income. Our foreign subsidiaries’ tax returns remain open to examination for the years 2019 through 2022. The Spanish loss carryovers may be subject to tax examination for a period of 10 years from the period in which such losses were generated.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES CAPITAL COMMITMENTS—As of December 31, 2023 and 2022, the Company has unfunded capital commitments of $187.7 million and $246.6 million to its joint ventures under the respective operating agreements. It also has commitments of $87.7 million and $17.7 million as of December 31, 2023 and 2022 to its loan platform. In addition to the unfunded capital commitments on its joint venture investments, the Company has $68.7 million of equity commitments relating on consolidated and unconsolidated development projects as of December 31, 2023. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of the Company's capital commitment obligations. LITIGATION—Kennedy Wilson is currently a defendant in certain routine litigation arising in the ordinary course of business. It is the opinion of management and legal counsel that the outcome of these actions will not have a material effect on the financial statements taken as a whole.

STOCK COMPENSATION AND OTHER RE

STOCK COMPENSATION AND OTHER RELATED PLANS	12 Months Ended
STOCK COMPENSATION AND OTHER RELATED PLANS	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCK COMPENSATION AND OTHER RELATED PLANS	STOCK COMPENSATION AND OTHER RELATED PLANS The Company maintains a shareholder-approved equity participation plan (the “Second Amended and Restated Plan”) under which shares of common stock are reserved for issuance pursuant to grants of restricted stock and other awards to officers, employees, non-employee directors and consultants. The Second Amended and Restated Plan also allows for share recycling on net settled restricted stock awards, restricted stock unit awards, performance unit awards and performance share awards. Named Executive Officers ("NEO") participate in the Second Amended and Restated Plan. During the years ended December 31, 2023, 2022 and 2021, the compensation committee of the board of directors approved the total grant of 3.4 million shares of performance-based restricted stock units, 2.8 million shares of performance-based restricted stock units and 2.4 million shares of performance-based restricted stock units and 0.1 million shares of performance-based restricted shares of Company common stock, respectively, subject to vesting based on the Company’s total shareholder return (the “TSR restricted awards”), performance-based restricted shares of Company common stock or performance-based restricted stock units covering Company common stock subject to vesting based on the Company’s return on equity (the “ROE awards”), and time-based restricted shares of Company common stock or time-based restricted stock units covering Company common stock (the “time-based awards”) (collectively, the “awards”), under the Second Amended and Restated Plan. Up to 100% of the TSR awards will be eligible to vest based on the Company's total shareholder return relative to the MSCI World Real Estate Index during a three-year performance period (subject to continued employment through the vesting date), with the actual number of shares subject to such TSR awards that vest and cease to be subject to restrictions with respect to the performance period determined by multiplying (i) the total number of shares subject to the TSR award by (ii) the applicable vesting percentage (which is determined based on the level of the Company's relative total shareholder return attained during the performance period). Up to one-third of the ROE awards will be eligible to vest with respect to each Company fiscal year of the performance period (each, a “performance year”) to the extent that the Company satisfies the return on equity goals for such performance year (subject to continued employment through the vesting date). One-third of the time-based awards will vest on each of the first three Upon vesting, the restricted stock granted to employees discussed directly above is net share-settled to cover the withholding tax. Shares that vested during the years ended December 31, 2023, 2022 and 2021 were net-share settled such that the Company withheld shares with values equivalent to the employees’ minimum statutory obligations for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities. The total shares withheld during the years ended December 31, 2023, 2022 and 2021 were 781,303 shares, 834,911 shares, and 967,536 shares respectively, and were valued based on the Company’s closing stock price on the respective vesting dates. During the years ended December 31, 2023, 2022 and 2021, total payments for the employees’ tax obligations to the taxing authorities were $13.4 million, $18.6 million, and $20.5 million respectively. These figures are reflected as a financing activity on the accompanying consolidated statements of cash flows. During the years ended December 31, 2023, 2022 and 2021, Kennedy Wilson recognized $34.5 million, $29.0 million, and $28.7 million, respectively, of compensation expense related to the vesting of restricted common stock and is included in compensation and related expense in the accompanying consolidated statements of income. The following table sets forth activity under the Amended and Restated Plan, the First Amended and Restated Plan, and the Second Amended and Restated Plan for the Company's fiscal years ending December 31, 2023, 2022 and 2021: Shares Nonvested at December 31, 2021 1,314,106 Granted 1,221,362 Vested (834,910) Forfeited — Nonvested at December 31, 2022 1,700,558 Granted 961,045 Vested (781,303) Forfeited (267,031) Nonvested at December 31, 2023 1,613,269 Non-NEO Deferred Compensation Program and Performance Allocation Sharing Program The Company maintains a deferred compensation program for certain employees of the Company (the “Deferred Compensation Program”). The named executive officers of the Company are not participants of the Deferred Compensation Program. The compensation committee of the Company’s board of directors approves an amount annually to be allocated to certain employees of the Company in the United States and in Europe. The amount allocated to each employee vests ratably over a three-year vesting period, subject to continued employment with the Company. Prior to 2022, half of the allocated amount was tied specifically to the performance and value of the Company’s common stock at the time of each vesting (“Bonus Units”). Beginning in 2022, the entire amount allocated to each employee consisted of Bonus Units. Under the Deferred Compensation Program, at the time of each vesting, the employees receive an amount equal to either the dividend yield of the Company’s common stock or the actual amount of dividends paid on the Company common stock (in the case of Bonus Units) during the immediately preceding year on the amount that is subject to such vesting. During the years ended December 31, 2023, 2022 and 2021 the Company recognized compensation expense of $8.2 million, $9.2 million and $11.8 million, respectively, under the Deferred Compensation Program. The Company also maintains a performance allocation sharing program for certain employees of the Company (the “Performance Allocation Sharing Program”). The named executive officers of the Company are not participants of the Performance Allocation Sharing Program. The compensation committee of the Company’s board of directors approved, reserved and authorized executive management to issue up to thirty-five percent (35%) of any performance allocation earned by certain commingled funds and separate account investments to be allocated to certain non-NEO employees of the Company, sixty percent of the award to each employee vests ratably over four years and the remaining forty percent vests upon the consummation of a liquidity event of the investment whereby the Company actually receives cash performance allocations from its partner. The full performance allocation earned by the Company will be recorded to income from unconsolidated investments and the amount allocated to employees is recorded as performance allocation expense. During the years ended December 31, 2023, 2022 and 2021 the Company recognized $(15.1) million, $(4.3) million and $42.0 million, respectively, of performance allocation compensation to employees.

EQUITY

EQUITY	12 Months Ended
EQUITY	Dec. 31, 2023
Equity [Abstract]
EQUITY	EQUITY Preferred Stock On June 16, 2023, the Company announced the issuance of its $200 million perpetual preferred stock to Fairfax. Under the terms of the agreement, Fairfax purchased $200 million in cumulative perpetual preferred stock carrying a 6.00% annual dividend rate and 7-year warrants for approximately 12.3 million common shares with an initial exercise price of $16.21 per share. On March 8, 2022, the Company announced the issuance of its $300 million cumulative perpetual preferred stock, in addition to approximately 13 million of its warrants to affiliates of Fairfax. Under the terms of the agreements, Fairfax purchased $300 million in cumulative perpetual preferred stock carrying a 4.75% annual dividend rate and approximately 13 million 7-year warrants, which are initially convertible to the same number of common shares with and an initial exercise price of $23.00 per share. Both perpetual preferred stock issuances are treated as permanent equity. At-the-Market Equity Offering Program In May 2022, the Company established an at-the-market equity offering program (the “ATM Program”) pursuant to which it may issue and sell shares of the Company’s common stock having an aggregate gross sales price of up to $200.0 million in amounts as the Company may determine from time to time. During the year ended December 31, 2023, the Company issued 1,690,743 shares for $29.8 million, net of issuance costs, under its ATM Program. The Company has no obligation to sell any of such shares under its ATM Program. Actual sales will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of its common stock, the Company's determination of the appropriate sources of funding for the Company, and potential uses of funding available. Common Stock Repurchase Program On March 20, 2018, the Company announced that its board of directors authorized a $250.0 million stock repurchase program. Repurchases under the program may be made in the open market, in privately negotiated transactions, through the net settlement of the Company’s restricted stock grants or otherwise, with the amount and timing of repurchases dependent on market conditions and subject to the Company’s discretion. On November 4, 2020, the Company's board of directors authorized an expansion of its existing $250 million share repurchase plan to $500 million. During the year ended December 31, 2023, Kennedy Wilson repurchased and retired 666,701 shares for $7.5 million. During the year ended December 31, 2022, Kennedy Wilson repurchased and retired 551,162 shares for $12.6 million under the previous stock repurchase program. Generally, upon vesting, the restricted stock granted to employees is net share-settled such that the Company will withhold shares with value equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes, and remit the cash to the appropriate taxing authorities. See Note 14 for more detail. Dividend Distributions Kennedy Wilson declared and paid the following cash dividends on its common stock: (Dollars in millions) Year Ended December 31, 2023 Year Ended December 31, 2022 Declared Paid Declared Paid Preferred Stock $ 38.0 $ 35.5 $ 28.9 $ 25.9 Common Stock (1) 133.6 136.0 132.3 134.6 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Taxability of Dividends Earnings and profits, which determine the taxability of distributions to stockholders, may differ from income reported for financial reporting purposes due to the differences for federal income tax purposes in the treatment of revenue recognition, compensation expense, derivative investments and the basis of depreciable assets and estimated useful lives used to compute depreciation. The Company's dividends related to its common stock will be classified for U.S. federal income tax purposes as follows: Record Date Payment Date Distributions Per Share Ordinary Dividends Return of Capital 12/30/2022 1/5/2023 $ 0.2400 $ — $ 0.2400 3/31/2023 4/6/2023 0.2400 — 0.2400 6/30/2023 7/6/2023 0.2400 — 0.2400 9/29/2023 10/5/2023 0.2400 — 0.2400 Totals $ 0.9600 $ — $ 0.9600 Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in each component of accumulated other comprehensive loss ("AOCI"), net of taxes: (Dollars in millions) Foreign Currency Translation Foreign Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2022 $ (156.9) $ 82.0 $ 3.2 $ (71.7) Unrealized gains (losses), arising during the period 32.3 (10.2) — 22.1 Taxes on unrealized (gains) losses, arising during the period (0.2) 4.7 — 4.5 Noncontrolling interest (0.9) — — (0.9) Balance at December 31, 2023 $ (125.7) $ 76.5 $ 3.2 $ (46.0) (1) Excludes $358.4 million of inception to date accumulated other comprehensive losses associated with noncontrolling interest holders of KWE that the Company was required to record as part of the KWE Transaction in October 2017. The local currencies for the Company's interests in foreign operations include the euro and the British pound sterling. The related amounts on our balance sheets are translated into U.S. dollars at the exchange rates at the respective financial statement date, while amounts on our statements of income are translated at the average exchange rates during the respective period. Unrealized gains on foreign currency translation is a result of the strengthening of the euro and British pound sterling against the U.S. dollar during the year ended December 31, 2023. In order to manage currency fluctuations, Kennedy Wilson entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (Euro and GBP) of certain of its wholly-owned and consolidated subsidiaries. See Note 5 for a more detailed discussion of Kennedy Wilson's currency derivative contracts.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Dec. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed by dividing net income (loss) 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 income per share for the years ended December 31, 2023, 2022 and 2021: Year ended December 31, (Dollars in millions, except share amounts and per share data) 2023 2022 2021 Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (341.8) $ 64.8 $ 313.2 Weighted-average shares outstanding for basic 138,930,517 136,900,875 138,552,058 (Loss) income per share - basic $ (2.46) $ 0.47 $ 2.26 Weighted average shares outstanding for diluted 138,930,517 138,567,534 140,132,435 (Loss) income per share - diluted $ (2.46) $ 0.47 $ 2.24 There was a total of 42,977,012, 26,958,511 and 13,572,590 during the years ended December 31, 2023, 2022 and 2021, respectively, potentially dilutive securities were not included in the diluted weighted average shares as they were anti-dilutive. Potentially anti-dilutive securities include preferred stock and unvested restricted stock grants.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Segments The Company's operations are defined by two business segments: its Consolidated investment portfolio (the "Consolidated Portfolio") and its Co-Investment Portfolio: • Consolidated Portfolio consists of the investments that the Company has made in real estate and real estate-related assets and consolidates on its balance sheet. The Company typically wholly-owns the assets in its Consolidated Portfolio. • Co-Investment Portfolio consists of (i) the co-investments that the Company has made in real estate and real estate-related assets, including loans secured by real estate, through the commingled funds and joint ventures that it manages; (ii) the fees (including, without limitation, asset management fees, construction management fees, and/or acquisition and disposition fees); and (iii) performance allocations that it earns on its fee bearing capital. The Company typically owns a 5% to 50% ownership interest in the assets in its Co-Investment Portfolio. In addition to the Company's two primary business segments the Company's Corporate segment includes, among other things, corporate overhead. Consolidated Portfolio Consolidated Portfolio is a permanent capital vehicle focused on maximizing property cash flow. These assets are primarily wholly-owned and tend to have longer hold periods and the Company targets investments with accretive asset management opportunities. The Company typically focuses on multifamily and office assets in the Western United States and commercial assets in the United Kingdom and Ireland within this segment. Co-Investment Portfolio Co-Investment Portfolio consists of (i) the co-investments in real estate and real estate-related assets, including loans secured by real estate, that we have made through the commingled funds and joint ventures that we manage; (ii) fees (including, without limitation, asset management fees, construction management fees, and/or acquisition and disposition fees); and (iii) performance allocations that we earn on our fee bearing capital The Company utilizes different platforms in the Co-Investment Portfolio segment depending on the asset and risk return profiles. No single third-party client accounted for 10% or more of Kennedy Wilson's revenue during any period presented in these financial statements. The following tables summarize the income and expense activity by segment for the years ended December 31, 2023, 2022 and 2021 and total assets as of December 31, 2023 and 2022. Year Ended December 31, 2023 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 415.3 $ — $ — $ 415.3 Hotel 57.1 — — 57.1 Investment management fees — 61.9 — 61.9 Loans — 26.1 — 26.1 Other — — 2.2 2.2 Total revenue 472.4 88.0 2.2 562.6 Loss from unconsolidated investments Principal co-investments — (188.5) — (188.5) Performance allocations — (64.3) — (64.3) Loss from unconsolidated investments — (252.8) — (252.8) Gain on sale of real estate, net 127.6 — — 127.6 Expenses Rental 152.6 — — 152.6 Hotel 37.9 — — 37.9 Compensation and related 42.7 39.0 57.7 139.4 Performance allocation compensation — (15.1) — (15.1) General and administrative 15.5 12.7 7.5 35.7 Depreciation and amortization 157.8 — — 157.8 Total expenses 406.5 36.6 65.2 508.3 Interest expense (162.0) — (97.2) (259.2) Loss on early extinguishment of debt (1.6) — — (1.6) Other income (loss) 2.3 (7.0) (0.3) (5.0) (Provision for) benefit from income taxes (9.6) — 64.9 55.3 Net income (loss) 22.6 (208.4) (95.6) (281.4) Net income attributable to noncontrolling interests (22.4) — — (22.4) Preferred dividends — — (38.0) (38.0) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 0.2 $ (208.4) $ (133.6) $ (341.8) 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 Loans — 11.7 — 11.7 Other — — 1.7 1.7 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 54.2 140.3 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 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 Loans — 8.6 — 8.6 Other — — 2.1 2.1 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 61.8 162.6 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 December 31, (Dollars in millions) 2023 2022 Assets Consolidated $ 5,196.3 $ 5,684.1 Co-investment 2,316.3 2,387.5 Corporate 199.5 200.2 Total assets $ 7,712.1 $ 8,271.8 December 31, (Dollars in millions) 2023 2022 2021 Expenditures for long lived assets Investments $ (217.2) $ (569.1) $ (1,271.0) Geographic Information 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) 2023 2022 2021 United States $ 334.1 $ 317.5 $ 278.1 Europe 228.5 222.5 175.5 Total revenue $ 562.6 $ 540.0 $ 453.6

GUARANTOR AND NON-GUARANTOR FIN

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS	12 Months Ended
GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS	Dec. 31, 2023
Guarantor and Nonguarantor Financial Statements [Abstract]
GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS	GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS The following consolidating financial information and condensed consolidating financial information includes: (1) Condensed consolidating balance sheets as of December 31, 2023 and 2022, respectively; consolidating statements of income for the years ended December 31, 2023, 2022 and 2021, respectively; of (a) Kennedy-Wilson Holdings, Inc. on an unconsolidated basis as the parent (and guarantor), (b) Kennedy-Wilson, Inc., as the subsidiary issuer, (c) the guarantor subsidiaries, (d) the non-guarantor subsidiaries and (e) Kennedy-Wilson Holdings, Inc. on a consolidated basis; and (2) Elimination entries necessary to consolidate Kennedy-Wilson Holdings, Inc., as the parent guarantor, with Kennedy-Wilson, Inc. and its guarantor and non-guarantor subsidiaries Kennedy Wilson owns 100% of all of the guarantor subsidiaries, and, as a result, in accordance with Rule 3-10(d) of Regulation S-X promulgated by the SEC, no separate financial statements are required for these subsidiaries as of December 31, 2023 or 2022 and for the years ended December 31, 2023, 2022 or 2021. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2023 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 73.3 $ 99.4 $ 141.0 $ — $ 313.7 Accounts receivable — 0.9 22.0 34.4 — 57.3 Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net — — 1,522.3 3,315.0 — 4,837.3 Unconsolidated investments — 14.6 652.0 1,402.5 — 2,069.1 Investments in and advances to consolidated subsidiaries 1,800.4 3,938.2 2,511.6 — (8,250.2) — Other assets — 59.4 51.6 76.5 — 187.5 Loan purchases and originations, net — 0.7 214.8 31.7 — 247.2 Total assets $ 1,800.4 $ 4,087.1 $ 5,073.7 $ 5,001.1 $ (8,250.2) $ 7,712.1 Liabilities Accounts payable — 0.5 6.0 11.4 — 17.9 Accrued expenses and other liabilities 45.3 351.9 91.5 109.1 — 597.8 Mortgage debt — — 1,038.0 1,802.9 — 2,840.9 KW unsecured debt — 1,934.3 — — — 1,934.3 KWE unsecured bonds — — — 522.8 — 522.8 Total liabilities 45.3 2,286.7 1,135.5 2,446.2 — 5,913.7 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,755.1 1,800.4 3,938.2 2,511.6 (8,250.2) 1,755.1 Noncontrolling interests — — — 43.3 — 43.3 Total equity 1,755.1 1,800.4 3,938.2 2,554.9 (8,250.2) 1,798.4 Total liabilities and equity $ 1,800.4 $ 4,087.1 $ 5,073.7 $ 5,001.1 $ (8,250.2) $ 7,712.1 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2022 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 91.5 $ 59.6 $ 288.2 $ — $ 439.3 Accounts receivable — 0.1 18.2 22.5 — 40.8 Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net — — 1,656.8 3,531.3 — 5,188.1 Unconsolidated investments — 15.9 698.6 1,523.6 — 2,238.1 Investments in and advances to consolidated subsidiaries 2,009.0 4,289.3 2,850.0 — (9,148.3) — Other assets — 85.7 50.5 79.9 — 216.1 Loan purchases and originations — 5.8 111.6 32.0 — 149.4 Total assets $ 2,009.0 $ 4,488.3 $ 5,445.3 $ 5,477.5 $ (9,148.3) $ 8,271.8 Liabilities Accounts payable $ — $ 0.5 $ 4.0 $ 11.7 $ — $ 16.2 Accrued expenses and other liabilities 45.0 416.2 76.5 120.5 — 658.2 Mortgage debt — — 1,075.5 1,942.5 — 3,018.0 KW unsecured debt — 2,062.6 — — — 2,062.6 KWE unsecured bonds — — — 506.4 506.4 Total liabilities 45.0 2,479.3 1,156.0 2,581.1 — 6,261.4 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,964.0 2,009.0 4,289.3 2,850.0 (9,148.3) 1,964.0 Noncontrolling interests — — — 46.4 — 46.4 Total equity 1,964.0 2,009.0 4,289.3 2,896.4 (9,148.3) 2,010.4 Total liabilities and equity $ 2,009.0 $ 4,488.3 $ 5,445.3 $ 5,477.5 $ (9,148.3) $ 8,271.8 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Total revenue $ — $ 0.2 $ 239.6 $ 322.8 $ — $ 562.6 Total loss from unconsolidated investments — — (110.5) (142.3) — (252.8) Gain on sale of real estate, net — — 98.8 28.8 — 127.6 Total expenses 35.1 82.1 158.5 232.6 — 508.3 Loss from consolidated subsidiaries (246.7) (131.5) (147.5) — 525.7 — Interest expense — (97.2) (45.0) (117.0) — (259.2) Loss on early extinguishment of debt — — (2.0) 0.4 — (1.6) Other income (loss) 0.4 (0.9) (6.4) 1.9 — (5.0) Loss before benefit from (provision for) income taxes (281.4) (311.5) (131.5) (138.0) 525.7 (336.7) Benefit from (provision for) income taxes — 64.8 — (9.5) — 55.3 Net loss (281.4) (246.7) (131.5) (147.5) 525.7 (281.4) Net income attributable to the noncontrolling interests — — — (22.4) — (22.4) Preferred dividends (38.0) — — — — (38.0) Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (319.4) $ (246.7) $ (131.5) $ (169.9) $ 525.7 $ (341.8) CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2022 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Total revenues $ — $ 0.2 $ 225.1 $ 314.7 $ — $ 540.0 Income from unconsolidated investments — 1.1 12.0 165.3 — 178.4 Gain on sale of real estate, net — — 68.1 35.6 — 103.7 Total expenses 29.0 92.7 172.5 232.6 — 526.8 Income from consolidated subsidiaries 130.8 314.4 230.7 — (675.9) — Interest expense — (92.6) (41.8) (86.4) (220.8) (Loss) gain on early extinguishment of debt — — (1.6) 29.1 — 27.5 Other income (loss) 0.1 15.6 (1.3) 21.7 36.1 Income before provision for income taxes 101.9 146.0 318.7 247.4 (675.9) 138.1 Provision for income taxes — (15.2) (4.3) (16.7) — (36.2) Net income 101.9 130.8 314.4 230.7 (675.9) 101.9 Net income attributable to the noncontrolling interests — — — (8.2) — (8.2) Preferred dividends (28.9) — — — — (28.9) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 73.0 $ 130.8 $ 314.4 $ 222.5 $ (675.9) $ 64.8 CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2021 ( Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries (1) Non-guarantor Subsidiaries Elimination Consolidated Total Total revenue $ — $ 0.3 $ 208.8 $ 244.5 $ — $ 453.6 Income from unconsolidated investments — 3.2 99.0 286.8 389.0 Gain on sale of real estate, net — (1.7) 129.6 284.8 — 412.7 Total expenses 31.8 108.1 214.8 194.9 — 549.6 Income from consolidated subsidiaries 368.2 676.8 508.7 — (1,553.7) — Interest expense — (73.3) (43.3) (75.8) — (192.4) Loss on early extinguishment of debt — (26.5) (0.6) (18.6) — (45.7) Other income (loss) — 0.7 (1.2) (4.5) — (5.0) Income before provision for income taxes 336.4 471.4 686.2 522.3 (1,553.7) 462.6 Provision for income taxes — (103.2) (9.4) (13.6) — (126.2) Net income 336.4 368.2 676.8 508.7 (1,553.7) 336.4 Net loss attributable to the noncontrolling interests — — — (6.0) — (6.0) Preferred dividends (17.2) — — — — (17.2) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 319.2 $ 368.2 $ 676.8 $ 502.7 $ (1,553.7) $ 313.2

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2023, the Company has drawn an additional $75.0 million on its revolving line of credit. The Company has $274.6 million still available to draw on its revolving line of credit. Subsequent to December 31, 2023, the Company sold a wholly-owned retail asset in the UK and is under separate agreements to sell one wholly-owned Irish hotel asset, one wholly-owned office asset in the Pacific Northwest and one wholly-owned retail asset in the UK for a total sales price of approximately $340 million . If completed, these sales will generate cash to the Company of approximately $240 million (after debt repayments of $90 million) and total expected GAAP gains on sale in excess of $100 million . There can be no assurance that the Company will close the sales under contract in part or at all.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
Schedule III - Real Estate and Accumulated Depreciation	Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Kennedy-Wilson Holdings, Inc. Schedule III—Real Estate and Accumulated Depreciation December 31, 2023 (Dollars in millions) Initial Cost Costs Capitalized Subsequent to Acquisition Gross Balance at December 31, 2023 (1) Description Region Encumbrances Land Building & Improvements Improvements Land Building & Improvements Total (2) Accumulated Depreciation Depreciable Life in Years Date of Construction Date Acquired (3) Commercial Office Southern California $ 35.0 $ 11.2 $ 18.5 $ 34.8 $ 11.5 $ 54.3 $ 65.8 $ (11.7) 39 years 1955/1981/1982 2013 Commercial portfolio United Kingdom — 16.6 3.9 5.9 1.3 16.3 17.6 (3.9) 39 years Various 2014 Commercial portfolio United Kingdom — 34.3 208.2 9.9 19.8 160.1 179.9 (45.9) 39 years Various 2014 Office Ireland 65.5 8.2 102.6 — 6.6 83.2 89.8 (19.8) 39 years 2003 2014 Retail Ireland 50.9 52.8 49.7 21.6 42.4 60.0 102.4 (10.8) 39 years 1966/2005 2014 Office Ireland 57.3 20.4 73.8 6.1 16.6 65.9 82.5 (17.2) 39 years 1980 2014 Office United Kingdom 181.1 85.3 232.0 28.0 78.0 214.8 292.8 (66.0) 39 years 2003 2014 Retail United Kingdom — 6.2 109.5 8.0 4.8 92.0 96.8 (22.4) 39 years 2010 2014 Office Southern California 22.3 31.8 60.6 26.8 31.8 87.3 119.1 (22.3) 39 years 1982 2015 Office Southern California 28.6 11.6 36.5 5.8 11.6 42.3 53.9 (11.4) 39 years 1968 2015 Office Southern California 35.0 20.7 47.9 26.1 20.7 53.9 74.6 (13.8) 39 years 1982 2015 Commercial portfolio United Kingdom 48.0 61.3 127.0 4.8 30.7 66.1 96.8 (16.4) 39 years Various 2015 Office portfolio United Kingdom — 19.0 41.2 18.9 21.0 44.0 65.0 (7.0) 39 years Various 2015 Retail Spain 37.7 27.1 46.2 13.0 29.3 62.9 92.2 (11.7) 39 years 1995 2015 Office portfolio Italy — 24.8 70.1 0.6 30.0 85.4 115.4 (17.1) 39 years Various 2015 Office portfolio United Kingdom 63.7 32.1 70.4 6.8 28.2 68.6 96.8 (14.2) 39 years Various 2016 Office Ireland 38.6 4.2 64.0 2.8 4.1 64.1 68.2 (12.3) 39 years 2009 2016 Office Pacific Northwest 77.0 30.6 106.0 3.6 30.6 109.6 140.2 (18.2) 39 years 1999/2001 2017 Office Ireland 16.4 4.9 18.5 8.4 4.5 25.6 30.1 (3.5) 39 years 1841 2017 Office Ireland 54.8 11.0 — 2.0 10.4 54.3 64.7 (2.5) 39 years 1840/2000 2017 Office Northern California 60.3 23.5 57.3 8.7 23.5 66.0 89.5 (7.0) 39 years 2000 2019 Office United Kingdom 124.3 71.2 177.9 — 65.3 163.1 228.4 (10.2) 39 years 2019 2021 Office United Kingdom 40.5 25.3 54.8 4.2 23.8 55.7 79.5 (2.7) 39 years 2001/2007 2021 Office United Kingdom 52.4 25.5 74.1 5.1 24.2 75.2 99.4 (3.5) 39 years 2004 2022 Office Ireland 54.3 0.5 3.4 52.0 0.5 61.6 62.1 (2.2) 39 years Various 2015 Multifamily 366-unit asset Mountain West 77.8 9.1 36.3 15.5 9.1 51.9 61.0 (22.6) 39 years 2000 2012 1,008-unit asset Northern California 175.0 62.3 152.5 30.5 62.3 183.0 245.3 (54.6) 39 years 1988 2015 460-unit asset Southern California 79.4 13.2 53.0 9.6 13.2 62.6 75.8 (17.8) 39 years 1988 2015 204-unit asset Mountain West 32.5 2.0 17.6 5.0 2.0 22.7 24.7 (6.5) 39 years 1999 2016 168-unit asset Mountain West 10.9 1.8 13.1 4.6 1.8 17.7 19.5 (5.4) 39 years 1992 2016 386-unit asset Southern California 66.0 — 81.4 9.9 — 91.3 91.3 (21.3) 39 years 2002 2016 310-unit asset Southern California 26.1 0.6 — — 88.8 — 88.8 — 39 years N/A 2018 300-unit asset Mountain West 39.0 4.8 29.2 7.2 4.8 36.4 41.2 (8.1) 39 years 1995 2017 210-unit asset Pacific Northwest 44.5 11.0 46.7 1.6 11.0 48.3 59.3 (8.4) 39 years 2007 2017 172-unit asset Mountain West 29.4 0.2 — — 65.7 — 65.7 — 39 years N/A 2018 264-unit asset Pacific Northwest 23.6 6.4 44.9 7.0 6.4 51.9 58.3 (10.1) 39 years 1997 2017 343-unit asset Pacific Northwest 84.0 26.8 107.4 1.7 26.8 109.1 135.9 (17.4) 39 years 2016 2017 179-unit asset Pacific Northwest 33.2 11.9 47.4 2.3 11.9 49.7 61.6 (8.3) 39 years 2013 2017 88-unit asset Mountain West 8.6 2.6 10.4 2.1 2.6 12.6 15.2 (2.8) 39 years 1988 2018 492-unit asset Mountain West 59.1 15.8 63.2 9.1 15.8 72.4 88.2 (14.3) 39 years 1985 2018 66-unit asset Mountain West 8.0 0.8 — 0.1 0.7 9.3 10.0 (0.8) 39 years 2021 2018 89-unit asset Mountain West 17.7 2.1 — 0.1 2.0 21.5 23.5 (0.7) 39 years N/A 2018 188-unit asset Mountain West 13.5 4.9 19.7 9.1 4.9 28.8 33.7 (6.2) 39 years 1985 2018 120-unit asset Mountain West 32.3 5.7 — 0.7 1.9 38.3 40.2 (3.3) 39 years 2021 2018 277-unit asset Mountain West 62.2 4.0 — 6.7 2.7 55.2 57.9 (7.0) 39 years 2021 2019 10-unit asset Mountain West — — — — — 2.3 2.3 (0.2) 39 years 2021 2019 260-unit asset Mountain West 39.0 13.4 53.6 3.6 13.4 57.2 70.6 (5.1) 39 years 2014 2020 280-unit asset Mountain West 39.6 13.3 53.2 0.3 13.3 53.5 66.8 (3.7) 39 years 2019 2021 Land Mountain West — — — — 6.7 — 6.7 — 39 years N/A 2021 344-unit asset Mountain West 39.2 13.0 52.1 5.4 13.0 57.5 70.5 (4.3) 39 years 1985 2021 240-unit asset Mountain West 36.9 4.6 — — 22.8 35.6 58.4 (0.5) 39 years N/A 2021 240-unit asset Mountain West 45.1 11.1 44.2 1.1 11.1 45.9 57.0 (3.2) 39 years 2020 2021 160-unit asset Mountain West 13.9 4.5 18.0 0.4 4.5 18.5 23.0 (1.3) 39 years 1990/1998 2021 332-unit asset Mountain West 76.2 26.7 106.9 3.4 26.7 110.2 136.9 (6.8) 39 years 2002 2021 383-unit asset Pacific Northwest 115.0 38.3 153.0 8.4 38.2 161.4 199.6 (9.9) 39 years 2002/2008 2021 164-unit asset Pacific Northwest 43.0 14.8 59.1 0.3 14.8 59.5 74.3 (3.4) 39 years 2020 2021 528-unit asset Mountain West 102.0 31.1 124.4 6.8 31.1 131.2 162.3 (7.3) 39 years 1989/1990 2021 210-unit asset Mountain West 36.4 8.0 — — 53.3 — 53.3 — 39 years N/A 2021 350-unit asset Mountain West 64.9 33.2 132.6 5.6 33.2 138.2 171.4 (6.2) 39 years 1985 2022 404-unit asset Mountain West 61.6 29.6 118.3 2.1 29.6 120.4 150.0 (5.3) 39 years 1996 2022 356-unit asset Mountain West 41.0 20.8 83.1 4.5 20.8 87.6 108.4 (3.9) 39 years 1995/2008 2022 260-unit asset Mountain West 34.3 15.7 62.6 1.5 15.6 64.1 79.7 (2.4) 39 years 2013 2022 Hotel Hotel Ireland — 54.0 114.3 35.0 45.9 134.5 180.4 (48.9) 39 years 1824/2005 2014 Development Land United Kingdom 4.2 — 0.1 3.8 0.4 4.2 — N/A N/A 2018 Office Ireland — 1.2 0.9 0.9 1.2 0.9 2.1 — N/A N/A 2020 Multifamily Southern California — 6.0 — 5.1 6.5 5.1 11.6 — N/A N/A 2015 Office Ireland — — 9.6 — — 11.4 11.4 (0.4) 39 years 1980 2022 3 Lots Hawaii — 16.5 — — 16.5 — 16.5 — N/A N/A 2020 Land Hawaii — 0.7 — — 0.7 — 0.7 — N/A 1912 2010 Grand Total $ 2,854.6 $ 1,206.8 $ 3,762.8 $ 511.2 $ 1,328.3 $ 4,190.4 $ 5,518.7 $ (702.1) (1) The tax basis of all the properties in aggregate totaled $4,512.9 million. (2) Excludes acquired in place lease values. (3) For assets that were consolidated the date acquired represents when the asset was presented as real estate not when initially acquired by Kennedy Wilson. Changes in real estate for the years ended December 31, 2023, 2022 and 2021 were as follows: For the year ended December 31, (Dollars in millions) 2023 2022 2021 Balance at the beginning of period $ 5,775.3 $ 5,567.3 $ 5,207.7 Additions during the period: Other acquisitions — 167.6 137.3 Improvements 218.6 604.2 1,110.4 Foreign currency 90.9 (226.0) (91.8) Deductions during the period: Cost of real estate sold (566.1) (337.8) (796.3) Balance at close of period $ 5,518.7 $ 5,775.3 $ 5,567.3 Changes in accumulated depreciation for the years ended December 31, 2023, 2022 and 2021 were as follows: For the year ended December 31, (Dollars in millions) 2023 2022 2021 Balance at the beginning of period $ 619.6 $ 564.0 $ 551.8 Additions during the period: Depreciation expense 136.5 133.8 30.9 Deductions during the period: Dispositions (66.5) (50.8) (11.1) Foreign currency 12.5 (27.4) (7.6) Balance at close of period $ 702.1 $ 619.6 $ 564.0 See accompanying report of independent registered public accounting firm.

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
Schedule IV - Mortgage Loans on Real Estate	Dec. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	Schedule IV—Mortgage Loans on Real Estate December 31, 2023 Type of Loan (dollars in millions) Description/Location Interest Rates (1) Maturity Date (2) Payment Terms (3) Principal Amount Carrying Amount (4) Construction Loans Construction Loans less than 3% of the carrying amount of total loans Construction Loans Multifamily/Diversified S +3.85% - 6.40% 2025 - 2028 I/O $ 86.5 $ 82.3 Construction Loans Student Housing/Diversified S +4.95% - 5.76% 2025 - 2027 I/O 13.7 13.3 Construction Loans Hotel/Diversified S+ 4.90% - 6.31% 2025 -2028 I/O 8.0 7.7 Construction Loans Other/Diversified S+4.85% - 7.40% 2024 -2027 I/O 6.9 6.4 Construction Loans Industrial/Diversified S + 5.40% - 5.76% 2025 -2027 I/O 3.8 3.6 Total Construction Loans $ 118.9 $ 113.3 Bridge Loans Bridge Loans greater than 3% of the carrying amount of total loans Bridge Loan Retail/Southern California 3.50% 2024 I/O $ 14.3 $ 14.3 Bridge Loan Office/Northern California 6.88% 2025 I/O 8.7 8.7 Bridge Loan Office/Southern California S + 5.60% 2027 I/O 8.1 8.1 Bridge Loan Multifamily/Colorado 4.75% 2028 I/O 7.7 7.7 Bridge Loans less than 3% of the carrying amount of total loans Bridge Loans Office+Multifamily/Diversified 3.50% - 13.00% 2024 - 2033 I/O 24.1 24.1 Bridge Loans Hotel/Diversified S + 6.30% - 8.36% 2027 - 2028 I/O 23.6 23.6 Bridge Loans Office/Diversified S +3.36% - 5.75% 2024 -2027 I/O 14.4 14.4 Bridge Loans Multifamily/Diversified S +5.85% - 7.75% 2026 -2027 I/O 12.4 12.4 Bridge Loans Retail/Diversified S + 5.60% -6.46% 2024 -2027 I/O 11.6 11.6 Bridge Loans Other/Diversified S + 2.81% + 5.85% 2024 -2028 I/O 7.3 7.3 Total Bridge Loans $ 132.2 $ 132.2 Other Loans Other Loans greater than 3% of the carrying amount of total loans Other Loan Retail/Montana 6.00% 2027 I/O $ 8.0 $ 8.0 Other Loans less than 3% of the carrying amount of total loans Other Loans Diversified/Southern California 4.25% - S + 2.50% 2024 -2027 P,I 0.7 0.7 Total Other Loans $ 8.7 $ 8.7 Total Loans $ 259.8 $ 254.2 CECL Reserve — (7.0) Total Loans, net $ 259.8 $ 247.2 (1) The Company's variable rate loans are based off Term SOFR and expressed as spread over the Term SOFR rate. (2) Maturity date assumes all extension options are exercised, if applicable (3) I/O = interest only until final maturity unless otherwise noted. P,I = amortizing loan with principal and interest payments (4) Represents the Company's share of loans in its debt business. For the years ended December 31, 2023 and 2022, the loan portfolio activity was as follows: ($ in millions) Amortized Cost Allowance for Credit Losses Carrying Value Balance at December 31, 2021 $ 130.3 $ — $ 130.3 Originations and fundings 50.2 — 50.2 Proceeds from sales and repayments (31.1) — (31.1) Accretion of loan discount and other amortization, net 0.6 — 0.6 Foreign exchange movements (0.6) — (0.6) Balance at December 31, 2022 149.4 — 149.4 Originations and fundings 43.8 — 43.8 Construction loan portfolio acquisition 115.6 — 115.6 Construction loan portfolio acquisition discount (9.2) — (9.2) Proceeds from sales and repayments (48.9) — (48.9) Accretion of loan discount and other amortization, net 3.5 — 3.5 Provision for credit losses — (7.0) (7.0) Balance at December 31, 2023 $ 254.2 $ (7.0) $ 247.2

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION — The consolidated financial statements include the accounts of Kennedy Wilson and voting interest entities which it controls. All intercompany balances and transactions have been eliminated in consolidation. In addition, Kennedy Wilson evaluates its relationships with other entities to identify whether they are variable interest entities ("VIE") as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 810 , Consolidation, and to assess whether it is the primary beneficiary of such entities. In determining whether Kennedy Wilson is the primary beneficiary of a VIE, qualitative and quantitative factors are considered, including, but not limited to: the amount and characteristics of Kennedy Wilson's investment; the obligation or likelihood for Kennedy Wilson to provide financial support; Kennedy Wilson's ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of Kennedy Wilson. The Company determines the appropriate accounting method with respect to all investments that are not VIEs based on the control-based framework (controlled entities are consolidated) provided by the consolidation guidance in ASC Subtopic 810. The Company accounts for joint ventures where it is deemed that the Company does not have control through the equity method of accounting while joint ventures that the Company controls are consolidated in Kennedy Wilson's financial statements.
USE OF ESTIMATES	USE OF ESTIMATES — The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosure about contingent assets and liabilities, and reported amounts of revenues and expenses. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates will be reflected in the financial statements in future periods.
REVENUE RECOGNITION	REVENUE RECOGNITION — Revenue consists of rental and hotel income, management fees, leasing and commission fees, loan interest income and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five-step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance allocations, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, Leases . Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Management fees are primarily comprised of investment management fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. The Company provides investment management on investments it also has an ownership interest in. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. Investment management fees include acquisition, arrangement and disposition fees. Acquisition, arrangement and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition after all required services have been performed. Loan income from investments in performing loans which Kennedy Wilson originates or acquires are recognized at the stated interest rate plus any amortization of premiums/discounts or fees earned on the loans. Loan income from investments in loans acquired at a discount are recognized using the effective interest method. When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . Income is recognized to the extent that cash is received from the loan. The Company has evaluated its loan portfolio under ASC Subtopic 326, Financial Instruments – Credit Losses . for current expected credit losses ("CECL") reserves. CECL reserves reflect the Company's current estimate of potential credit losses related to loans included in the Company's consolidated balance sheets. Changes to the CECL reserve are recognized through the Company's consolidated statements of operations. While ASC Subtopic 326 does not require any particular method for determining the CECL reserve, it does specify the reserve should be based on relevant information about past events, including historical loss experience, current portfolio and market conditions. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. Under ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets , the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities. Property services fees are earned from the Company's auction sales and marketing business. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in ASC Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications.
REAL ESTATE ACQUISITIONS	REAL ESTATE ACQUISITIONS — The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests ("NCI"). Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value. Acquisition fees and expenses associated with the acquisition of properties determined to be business combinations are expensed as incurred. Acquisition fees and expenses associated with transactions determined to be asset acquisitions are capitalized as part of the real estate acquired. The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate is valued, in part, based on third party valuations and management estimates also using an income approach. The Company is involved in all stages of real estate ownership, including development. Once a project is in development, consistent with ASC Topic 360 Property Plant, and Equipment ,
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by Kennedy Wilson’s share of income or loss, plus additional contributions and less distributions. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures . Kennedy Wilson elected the fair value option for 72 investments in unconsolidated investment entities ("FV Option" investments). Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the change in value in the underlying investments in the results of its current operations. Additionally, Kennedy Wilson records its investments in certain commingled funds it manages and sponsors (the "Funds") that are investment companies under the ASC Topic 946, Financial Services - Investment Companies , based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Performance allocations or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. At the end of each reporting period, Kennedy Wilson calculates the performance allocation that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance allocation to reflect either (a) positive performance resulting in an increase in the performance allocation to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as income from unconsolidated investments, resulting in a negative adjustment to performance allocations to the general partner or asset manager. As of December 31, 2023, the Company has $77.3 million of accrued performance allocations recorded to unconsolidated investments that are subject to future adjustments based on the underlying performance of investments. During the year ended December 31, 2023, the Company did not collect any performance allocations. During the years ended December 31, 2022 and 2021, the Company collected $6.8 million and $9.6 million of performance allocations. The Company has concluded that performance allocations to the Company from equity method investments, based on cumulative performance to-date, represent carried interests. Consequently, in following the guidance set forth in ASC Topic 606 and ASC Topic 323, these allocations are included as a component of the total income from unconsolidated investments in the accompanying consolidated statements of income.
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS — Kennedy Wilson accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of ASC Topic 820, Fair Value Measurement.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS — The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, is necessary, however, to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts.
DISTRIBUTIONS FROM UNCONSOLIDATED INVESTMENTS	DISTRIBUTIONS FROM UNCONSOLIDATED INVESTMENTS — The Company utilizes the nature of distributions approach and distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from unconsolidated investments' sale of assets), in which case it is reported as an investing activity. This enables Kennedy Wilson to look to the nature and source of the distribution received and classify it appropriately between operating and investing activities on the statement of cash flows based upon the source.
FOREIGN CURRENCIES	FOREIGN CURRENCIES — The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the euro and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income.
DERIVATIVE INSTRUMENTS AND HEDING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — Kennedy Wilson has derivatives to reduce its exposure to foreign currencies. All derivative instruments are recognized as either assets or liabilities in the balance sheet at their respective fair values. For derivatives designated in hedging relationships, changes in fair value of cash flow hedges or net investment hedges are recognized in accumulated other comprehensive income, to the extent the derivative is effective at offsetting the changes in the item being hedged until the hedged item affects earnings. Fluctuations in foreign exchanges rates may have a significant impact on the Company's results of operations. In order to manage the potential exposure from adverse changes in foreign exchange rates arising from the Company’s net investments in foreign operations, the Company may enter into currency derivative contracts to hedge all or portions of the net investments in the Company’s non-U.S. dollar denominated foreign operations.
GOODWILL	GOODWILL — Goodwill results from the difference between the purchase price and the fair value of net assets acquired based upon the purchase method of accounting for business combinations. In accordance with ASC Subtopic 350-20, Accounting for Intangibles - Goodwill and Other
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS — Cash and cash equivalents consist of cash and all highly liquid investments purchased with maturities of three months or less. Cash and cash equivalents are invested in institutions insured by government agencies. Certain accounts contain balances in excess of the insured limits. Kennedy Wilson's operations and financial position are affected by fluctuations in currency exchange rates between the euro and British pound sterling against the U.S. Dollar. As of December 31, 2023, 2022, and 2021 we have $69.6 million, $21.4 million, and $24.2 million, respectively, of restricted cash, which is included in cash and cash equivalents, that primarily relates to lender reserves associated with consolidated mortgages that we hold on properties and reserves held on loans in the newly acquired Construction Loan Portfolio (as defined herein) on behalf of the borrowers under such loans. These reserves typically relate to interest, tax, insurance and future capital expenditures at the properties and on our loan investments.
LONG-LIVED ASSETS	LONG-LIVED ASSETS — Kennedy Wilson reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Subtopic 360-10, Property, Plant and Equipment
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE — Accounts receivable are recorded at the contractual amount as determined by the underlying agreements and do not bear interest. The Company recognizes revenue to the extent that amounts are probable that substantially all rental income will be collected.
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK — Financial instruments that subject Kennedy Wilson to credit risk consist primarily of accounts and notes receivable, cash equivalents and derivative instruments. Credit risk is generally diversified due to the large number of entities composing Kennedy Wilson’s customer base and their geographic dispersion throughout the United States, the United Kingdom, Ireland, Spain and Italy. Kennedy Wilson performs ongoing credit evaluations of its customers and debtors.
EARNINGS PER SHARE	EARNINGS PER SHARE — Basic earnings per share is computed based upon the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per share is computed based upon the weighted average number of shares of common stock and potentially dilutive securities outstanding during the periods presented. The dilutive impact of potentially dilutive securities includes convertible securities, and unvested stock which were outstanding during the period. Unvested stock are calculated by the “treasury stock” method and the convertible securities under the "if converted" method.
COMPREHENSIVE INCOME (LOSS)	COMPREHENSIVE INCOME (LOSS) — Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). In the accompanying consolidated balance sheets, accumulated other comprehensive income consists of foreign currency translation adjustments and unrealized gains (losses) on derivative instruments.
REPURCHASE OF EQUITY INSTRUMENTS	REPURCHASE OF EQUITY INSTRUMENTS — Upon the decision to retire repurchased equity instruments, Kennedy Wilson records the retirement as a reduction to additional paid in capital for the amount that shares were initially issued at with the excess paid recorded to retained earnings.
SHARE-BASED PAYMENT ARRANGEMENTS	SHARE-BASED PAYMENT ARRANGEMENTS — Kennedy Wilson accounts for its share-based payment arrangements under the provisions of ASC Subtopic 718-10, Compensation - Stock Compensation. Compensation cost for employee service received in exchange for an award of equity instruments is based on the grant-date fair value of the share-based award that is ultimately settled in equity of Kennedy Wilson. The cost of employee services is recognized over the period during which an employee provides service in exchange for the share-based payment award. Share-based payment arrangements with only services conditions that vest ratably over the requisite service period are recognized on the straight-line basis and performance awards that vest ratably are recognized on a tranche by tranche basis over the performance period.
INCOME TAXES	INCOME TAXES — Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. In accordance with accounting for uncertainty in ASC Subtopic 740-10, Income Taxes, Kennedy Wilson recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Kennedy Wilson records interest related to unrecognized tax benefits in interest expense and penalties in general and administrative expenses on the consolidated statements of operations.
NONCONTROLLING INTERESTS	NONCONTROLLING INTERESTS — Noncontrolling interests are reported within equity as a separate component of Kennedy Wilson's equity in accordance with ASC Subtopic 810-10. Revenues, expenses, gains, losses, net income or loss, and other comprehensive income are reported in the consolidated statements of operations at the consolidated amounts and net income and comprehensive income attributable to noncontrolling interests are separately stated.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In December 2023, the FASB issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating this guidance and the impact it may have on the Company’s consolidated financial statements. On November 27, 2023, the FASB issued an ASU to require the disclosure of segment expenses if they are (i) significant to the segment, (ii) regularly provided to the chief operating decision maker (“CODM”), and (iii) included in each reported measure of a segment’s profit or loss. Public entities will be required to provide this disclosure quarterly. In addition, this ASU requires an annual disclosure of the CODM’s title and a description of how the CODM uses the segment’s profit/loss measure to assess segment performance and to allocate resources. Pursuant to this ASU, the footnotes to the Company's consolidated financial statements will include incremental disclosures related to our reportable segments, including the disclosures about the Company's CODM’s review of its consolidated net income, the profit/loss measure of the Company's segments. The new guidance is effective for annual reporting periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The amendments should be applied retrospectively to all prior periods presented in the financial statements. We are evaluating the disclosure requirements related to the new standard. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative (“ASU 2023-06”). ASU 2023-06 was issued in response to the SEC’s final amendments in Release No. 33-10532, Disclosure Update and Simplification that updated and simplified disclosure requirements that the SEC believed were duplicative, overlapping, or outdated, and to align the requirements in the Codification with the SEC’s disclosure requirements. The effective date for each amendment in ASU 2023-06 will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the Codification and will not become effective for any entity. The Company does not expect the adoption of ASU 2023-06 to have a material impact on our consolidated financial statements and related disclosures. The FASB did not issue any other ASUs during the year ended December 31, 2023 that the Company expects to be applicable and have a material impact on the Company's financial statements.
RECLASSIFICATIONS	RECLASSIFICATIONS—Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation.

REAL ESTATE AND ACQUIRED IN P_2

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE (Tables)	12 Months Ended
REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE (Tables)	Dec. 31, 2023
Real Estate [Abstract]
Schedule of Investments in Consolidated Real Estate Properties	The following table summarizes the Company's investment in consolidated real estate properties at December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 Land $ 1,328.3 $ 1,319.2 Buildings 3,679.1 3,961.9 Building improvements 511.3 494.2 Acquired in-place lease values 276.4 295.0 5,795.1 6,070.3 Less accumulated depreciation and amortization (957.8) (882.2) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,837.3 $ 5,188.1 (Dollars in millions) Gain on sale of real estate Year ended December 31, Description Consolidated NCI Net of NCI 2023 Primarily due to the sale of a 49% equity interest in two multifamily properties in the Western United States that were previously wholly-owned and controlled by the Company and the sale of a wholly-owned office property in the United Kingdom. $ 127.6 $ (21.9) $ 105.7 2022 Primarily due to the sale of a 49% equity interest in a multifamily property in Western United States that was previously wholly-owned and controlled by the Company and the sale of a wholly-owned office property in the United Kingdom 103.7 (1.0) 102.7 2021 Primarily due to the sale of a 49% equity interest in nine multifamily properties in Western United States that were previously wholly-owned and controlled by the Company and the sale of 19 office properties in the United Kingdom, one multifamily property in Western United States, three retail properties in Western United States and an office property in Western United States 412.7 (5.4) 407.3
Schedule of Business Acquisitions	During the year ended December 31, 2022, Kennedy Wilson acquired the following consolidated properties, which were treated as asset acquisitions: (Dollars in millions) Purchase Price Allocation at Acquisition (1) Location Description Land Building Acquired in-place lease values (2) Investment debt KWH Shareholders' Equity Western U.S. Four multifamily properties $ 99.2 $ 396.6 $ 1.4 $ 203.4 $ 293.8 United Kingdom Office building 25.5 74.1 6.9 — 106.5 $ 124.7 $ 470.7 $ 8.3 $ 203.4 $ 400.3 (1) Excludes net other assets. (2) Above- and below-market leases are included in other assets and accrued expenses and other liabilities, respectively, on the accompanying consolidated balance sheets.
Schedule of Minimum Lease Payments	The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at December 31, 2023: (Dollars in millions) Minimum Rental Revenues (1) 2024 $ 134.1 2025 124.4 2026 104.5 2027 83.1 2028 68.7 Thereafter 181.9 Total $ 696.7 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

UNCONSOLIDATED INVESTMENTS (Tab

UNCONSOLIDATED INVESTMENTS (Tables)	12 Months Ended
UNCONSOLIDATED INVESTMENTS (Tables)	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Joint Ventures by Investment Type and Geographic Location and Financial Information	The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2023: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 820.9 $ 71.6 $ 253.0 $ 96.2 $ 156.2 $ 1,397.9 Ireland 313.8 158.7 — 5.4 — 477.9 United Kingdom — 139.8 — 31.5 22.0 193.3 Total $ 1,134.7 $ 370.1 $ 253.0 $ 133.1 $ 178.2 $ 2,069.1 The following table details the Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2022: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 857.6 $ 89.2 $ 195.9 $ 158.3 $ 169.1 $ 1,470.1 Ireland 378.1 176.7 — 8.0 — 562.8 United Kingdom — 138.7 — 36.3 30.2 205.2 Total $ 1,235.7 $ 404.6 $ 195.9 $ 202.6 $ 199.3 $ 2,238.1 Summarized financial information is provided below: VHH MF Seed Portfolio December 31, December 31, (Dollars in millions) 2023 2022 2023 2022 Cash and cash equivalents $ 44.0 $ 37.0 $ 10.0 $ 12.4 Accounts receivable 3.7 4.4 1.2 2.0 Real estate 2,054.9 1,802.7 898.6 970.5 Other 0.3 2.0 1.8 1.1 Total assets $ 2,102.9 $ 1,846.1 $ 911.6 $ 986.0 Liabilities Accounts payable and accrued expenses $ 21.1 $ 17.6 $ 6.8 $ 5.4 Mortgage debt 1,417.4 1,180.6 439.7 448.7 Total liabilities 1,438.5 1,198.2 446.5 454.1 Equity Kennedy Wilson - investment in unconsolidated investment 285.9 271.8 246.6 291.9 Partners 378.5 376.1 218.5 240.0 Total equity 664.4 647.9 465.1 531.9 Total liabilities and equity $ 2,102.9 $ 1,846.1 $ 911.6 $ 986.0 VHH MF Seed Portfolio (Dollars in millions) Year Ended December 31, Year Ended December 31, 2023 2022 2021 2023 2022 2021 Rental income $ 154.6 $ 131.0 $ 114.7 $ 68.4 $ 64.8 $ 31.6 Unrealized fair value gains (losses) 114.4 270.7 77.4 (80.7) 56.1 140.6 Rental expenses (52.1) (41.0) (34.8) (26.9) (21.1) (8.5) Interest expense (52.0) (45.6) (37.5) (18.0) (17.6) (8.2) Other expense (8.2) — (0.1) (2.2) (4.1) (11.8) Net income (loss) 156.7 315.1 119.7 (59.4) 78.1 143.7 (Income) loss attributable to partner (93.7) (195.3) (78.3) 30.4 (33.0) (54.8) Income (loss) from unconsolidated investment $ 63.0 $ 119.8 $ 41.4 $ (29.0) $ 45.1 $ 88.9
Schedule of Cash Distributions by Investment Type and Geographic Location	The following table details cash distributions by investment type and geographic location for the year ended December 31, 2023: Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 36.1 $ 74.2 $ 9.4 $ — $ 4.8 $ 4.1 $ 0.7 $ 3.0 $ 51.0 $ 81.3 Ireland 8.3 — 9.1 — — — — — 17.4 — United Kingdom — — — — — 11.1 0.8 — 0.8 11.1 Total $ 44.4 $ 74.2 $ 18.5 $ — $ 4.8 $ 15.2 $ 1.5 $ 3.0 $ 69.2 $ 92.4
Schedule of Income (Loss) from Unconsolidated Investments	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (Dollars in millions) 2023 2022 2021 Income from unconsolidated investments - operating performance $ 40.8 $ 80.2 $ 60.7 Income from unconsolidated investments - realized gains from cost basis investments — 4.7 — (Loss) income from unconsolidated investments - unrealized and realized fair value (losses) gains (229.3) 114.6 213.5 Income from unconsolidated investments - realized losses and impairment — — (3.1) Principal co-investments (188.5) 199.5 271.1 (Loss) income from unconsolidated investments - performance allocation (64.3) (21.1) 117.9 (Loss) income from unconsolidated investments $ (252.8) $ 178.4 $ 389.0

FAIR VALUE MEASUREMENTS AND T_2

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION (Tables)	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements	The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2023: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,927.0 $ 1,927.0 Net currency derivative contracts — (23.7) — (23.7) Total $ — $ (23.7) $ 1,927.0 $ 1,903.3 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2022: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 2,093.7 $ 2,093.7 Net currency derivative contracts — 7.0 — 7.0 Total $ — $ 7.0 $ 2,093.7 $ 2,100.7
Schedule of Investments in Joint Ventures Held at Fair Value	The following table summarizes the Company's investments in unconsolidated investments held at fair value by type: (Dollars in millions) December 31, 2023 December 31, 2022 FV Option $ 1,793.9 $ 1,891.1 Funds 133.1 202.6 Total $ 1,927.0 $ 2,093.7
Schedule of Changes in Level 3 Investments	The following table presents changes in Level 3 investments, investments in investment companies and investments in joint ventures that elected the fair value option, for the years ended December 31: (Dollars in millions) 2023 2022 2021 Beginning balance $ 2,093.7 $ 1,794.8 $ 1,136.5 Unrealized and realized gains, including performance allocations 111.5 274.4 390.0 Unrealized and realized losses (377.4) (114.1) (5.0) Contributions 168.8 348.1 273.8 Distributions (143.9) (188.9) (144.3) Foreign exchange 25.0 (55.8) (28.4) Other 49.3 35.2 172.2 Ending balance $ 1,927.0 $ 2,093.7 $ 1,794.8
Schedule of Range of Input	The table below describes the range of inputs used as of December 31, 2023 for real estate assets: Estimated Rates Used For Capitalization Rates Discount Rates Multifamily Income approach - discounted cash flow 5.70% — 7.50% 7.30% — 11.00% Income approach - direct capitalization 4.30% — 5.80% N/A Office Income approach - discounted cash flow 5.20% — 7.50% 7.50% — 9.30% Income approach - direct capitalization 4.50% — 9.30% N/A Industrial Income approach - discounted cash flow 5.00% —6.30% 6.30% — 7.80% Income approach - direct capitalization 4.10% — 9.00% N/A Retail Income approach - discounted cash flow 6.50% 8.30% Hotel Income approach - discounted cash flow 6.00% 8.30%
Schedule of Currency Forward Contracts and Currency Option Contract	The table below details the currency forward contracts and currency option contracts Kennedy Wilson had as of December 31, 2023: (Dollars in millions) December 31, 2023 Year Ended December 31, 2023 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized (Losses) Gains Recognized Losses Interest Expense Cash Paid Outstanding EUR USD € 287.5 $ 2.5 $ (18.1) $ (0.4) $ (12.1) $ 4.3 $ — EUR (1) GBP € 40.0 — (0.4) (1.3) — — — EUR (1)(2) GBP € 475.0 — — 11.6 — — — GBP USD £ 475.0 10.8 (18.5) (22.0) (5.4) 1.9 — Total Outstanding 13.3 (37.0) (12.1) (17.5) 6.2 — Settled GBP USD — — 1.9 — 0.1 (2.1) Total Settled — — 1.9 — 0.1 (2.1) Total $ 13.3 $ (37.0) $ (10.2) (3) $ (17.5) $ 6.3 $ (2.1) (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 10. (3) Excludes deferred tax expense of $4.7 million.

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
OTHER ASSETS (Tables)	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: December 31, (Dollars in millions) 2023 2022 Straight line rent receivable $ 45.8 $ 42.2 Interest rate caps and swaps 29.0 41.0 Goodwill 23.9 23.9 Hedge assets 13.3 34.3 Prepaid expenses 13.1 12.7 Deferred taxes, net 10.0 9.4 Leasing commissions, net of accumulated amortization of $13.4 and $11.1 at December 31, 2023 and 2022, respectively 9.0 9.4 Right of use asset, net 8.9 12.2 Furniture and equipment net of accumulated depreciation of $30.8 and $29.4 at December 31, 2023 and 2022, respectively 7.0 13.4 Above-market leases, net of accumulated amortization of $42.4 and $53.0 at December 31, 2023 and 2022, respectively 2.5 3.9 Other 25.0 13.7 Other Assets $ 187.5 $ 216.1
Schedule of Lessee, Operating Lease, Liability, Maturity	The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2024 $ 1.1 2025 1.0 2026 1.3 2027 1.4 2028 1.3 Thereafter 31.1 Total undiscounted rental payments 37.2 Less imputed interest (28.3) Right of Use Asset $ 8.9

MORTGAGE DEBT (Tables)

MORTGAGE DEBT (Tables)	12 Months Ended
MORTGAGE DEBT (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of December 31, 2023 and 2022: (Dollars in millions) Carrying amount of mortgage debt as of December 31, (1) Mortgage Debt by Product Type Region 2023 2022 Multifamily (1) Western U.S. $ 1,711.0 $ 1,692.9 Commercial (1) United Kingdom 509.9 637.4 Commercial Western U.S. 258.2 296.6 Commercial (1) Ireland 337.8 370.7 Commercial Spain 37.7 36.9 Mortgage debt (excluding loan fees) (1) 2,854.6 3,034.5 Unamortized loan fees (13.7) (16.5) Total Mortgage Debt $ 2,840.9 $ 3,018.0 (1) The mortgage debt payable balances include unamortized debt discount. Debt discount represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan discount as of December 31, 2023 and 2022 was $1.0 million and $0.6 million, respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans including amortization and effects of any extension options as of December 31, 2023 are as follows: (Dollars in millions) Aggregate Maturities 2024 (1) $ 150.0 2025 201.6 2026 616.7 2027 411.3 2028 342.4 Thereafter 1,133.6 2,855.6 Unamortized debt discount (1.0) Unamortized loan fees (13.7) Total Mortgage Debt $ 2,840.9 (1) The Company expects to repay the amounts maturing in the next twelve months with new mortgage loans, cash generated from operations, existing cash balances, proceeds from dispositions of real estate investments, or as necessary, with borrowings on the Company's Second A&R Facility.

KW UNSECURED DEBT (Tables)

KW UNSECURED DEBT (Tables)	12 Months Ended
KW UNSECURED DEBT (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 Credit Facility $ 150.4 $ 282.0 Senior Notes (1) 1,803.1 1,803.5 KW Unsecured Debt 1,953.5 2,085.5 Unamortized loan fees (19.2) (22.9) Total KW Unsecured Debt $ 1,934.3 $ 2,062.6 (1) The senior notes balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium as of December 31, 2023 and December 31, 2022 was $3.1 million and $3.5 million, respectively. The following table details the KWE unsecured bonds as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 KWE Euro Medium Term Note Programme (1) $ 523.3 $ 507.1 Unamortized loan fees (0.5) (0.7) Total KWE Unsecured Bonds $ 522.8 $ 506.4 (1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan discount as of December 31, 2023 and 2022 was $1.0 million and $1.5 million, respectively.

KWE UNSECURED BONDS (Tables)

KWE UNSECURED BONDS (Tables)	12 Months Ended
KWE UNSECURED BONDS (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 Credit Facility $ 150.4 $ 282.0 Senior Notes (1) 1,803.1 1,803.5 KW Unsecured Debt 1,953.5 2,085.5 Unamortized loan fees (19.2) (22.9) Total KW Unsecured Debt $ 1,934.3 $ 2,062.6 (1) The senior notes balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium as of December 31, 2023 and December 31, 2022 was $3.1 million and $3.5 million, respectively. The following table details the KWE unsecured bonds as of December 31, 2023 and 2022: December 31, (Dollars in millions) 2023 2022 KWE Euro Medium Term Note Programme (1) $ 523.3 $ 507.1 Unamortized loan fees (0.5) (0.7) Total KWE Unsecured Bonds $ 522.8 $ 506.4 (1) The KWE unsecured bonds balances include unamortized debt discounts. Debt discounts represent the difference between the fair value of debt at issuance and the principal value of debt and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The net unamortized loan discount as of December 31, 2023 and 2022 was $1.0 million and $1.5 million, respectively.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	The table below represents a geographical breakdown of book (loss) income before the (benefit from) provision for income taxes: Year ended December 31, (Dollars in millions) 2023 2022 2021 Domestic $ (238.8) $ 88.5 $ 447.6 Foreign (97.9) 49.6 14.9 Total $ (336.7) $ 138.1 $ 462.5
Schedule of (Benefit from) Provision for Income Taxes	The U.S. and foreign components of provision for income taxes consisted of the following components. However, it is not reflective of the cash tax results of the Company. Year ended December 31, (Dollars in millions) 2023 2022 2021 Federal Current $ — $ — $ — Deferred (66.0) 3.6 94.4 (66.0) 3.6 94.4 State Current 0.7 0.3 (0.2) Deferred 0.8 11.3 9.1 1.5 11.6 8.9 Foreign Current 9.9 17.6 14.2 Deferred (0.7) 3.4 8.7 9.2 21.0 22.9 Total $ (55.3) $ 36.2 $ 126.2
Schedule of Reconciliation of the Statutory Federal Income Tax Rate	A reconciliation of the statutory federal income tax rate of 21% with Kennedy Wilson’s effective income tax rate is as follows: Year ended December 31, (Dollars in millions) 2023 2022 2021 Tax computed at the statutory rate $ (70.7) $ 29.0 $ 97.1 Domestic permanent differences, primarily disallowed executive compensation 8.7 7.8 8.1 Foreign permanent differences, primarily non-deductible depreciation, amortization and interest expenses in the United Kingdom 1.9 1.7 8.2 Effect of foreign operations, net of foreign tax credit 11.2 (8.8) 7.4 Noncontrolling interests (5.1) (1.1) (2.6) State income taxes, net of federal benefit (7.8) 2.8 7.0 Other 6.5 4.8 1.0 (Benefit from) provision for income taxes $ (55.3) $ 36.2 $ 126.2
Schedule of Deferred Tax Assets and Liabilities	Cumulative tax effects of temporary differences are shown below at December 31, 2023 and 2022: Year ended December 31, (Dollars in millions) 2023 2022 Deferred tax assets: Foreign currency translation $ 4.8 $ 5.0 Net operating loss carryforward and credits 178.0 152.0 Depreciation and amortization 69.4 51.5 Investment basis difference 89.6 90.7 Stock option expense 1.7 2.0 Hedging transactions 15.5 10.0 Lease liability 0.1 0.1 Accrued reserves 7.9 9.5 Total deferred tax assets 367.0 320.8 Valuation allowance (283.3) (265.9) Net deferred tax assets 83.7 54.9 Deferred tax liabilities: Investment basis and reserve differences 304.1 344.9 Right of use asset — 0.1 Prepaid expenses and other 3.7 3.7 Capitalized interest 0.1 1.0 Total deferred tax liabilities 307.9 349.7 Deferred tax liability, net $ (224.2) $ (294.8)

STOCK COMPENSATION AND OTHER _2

STOCK COMPENSATION AND OTHER RELATED PLANS (Tables)	12 Months Ended
STOCK COMPENSATION AND OTHER RELATED PLANS (Tables)	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Activity under the New Equity Plan	The following table sets forth activity under the Amended and Restated Plan, the First Amended and Restated Plan, and the Second Amended and Restated Plan for the Company's fiscal years ending December 31, 2023, 2022 and 2021: Shares Nonvested at December 31, 2021 1,314,106 Granted 1,221,362 Vested (834,910) Forfeited — Nonvested at December 31, 2022 1,700,558 Granted 961,045 Vested (781,303) Forfeited (267,031) Nonvested at December 31, 2023 1,613,269

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
EQUITY (Tables)	Dec. 31, 2023
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash dividends on its common stock: (Dollars in millions) Year Ended December 31, 2023 Year Ended December 31, 2022 Declared Paid Declared Paid Preferred Stock $ 38.0 $ 35.5 $ 28.9 $ 25.9 Common Stock (1) 133.6 136.0 132.3 134.6 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. The Company's dividends related to its common stock will be classified for U.S. federal income tax purposes as follows: Record Date Payment Date Distributions Per Share Ordinary Dividends Return of Capital 12/30/2022 1/5/2023 $ 0.2400 $ — $ 0.2400 3/31/2023 4/6/2023 0.2400 — 0.2400 6/30/2023 7/6/2023 0.2400 — 0.2400 9/29/2023 10/5/2023 0.2400 — 0.2400 Totals $ 0.9600 $ — $ 0.9600
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive loss ("AOCI"), net of taxes: (Dollars in millions) Foreign Currency Translation Foreign Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2022 $ (156.9) $ 82.0 $ 3.2 $ (71.7) Unrealized gains (losses), arising during the period 32.3 (10.2) — 22.1 Taxes on unrealized (gains) losses, arising during the period (0.2) 4.7 — 4.5 Noncontrolling interest (0.9) — — (0.9) Balance at December 31, 2023 $ (125.7) $ 76.5 $ 3.2 $ (46.0) (1) Excludes $358.4 million of inception to date accumulated other comprehensive losses associated with noncontrolling interest holders of KWE that the Company was required to record as part of the KWE Transaction in October 2017.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The following is a summary of the elements used in calculating basic and diluted income per share for the years ended December 31, 2023, 2022 and 2021: Year ended December 31, (Dollars in millions, except share amounts and per share data) 2023 2022 2021 Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (341.8) $ 64.8 $ 313.2 Weighted-average shares outstanding for basic 138,930,517 136,900,875 138,552,058 (Loss) income per share - basic $ (2.46) $ 0.47 $ 2.26 Weighted average shares outstanding for diluted 138,930,517 138,567,534 140,132,435 (Loss) income per share - diluted $ (2.46) $ 0.47 $ 2.24

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Income and Expense Activity by Segment	The following tables summarize the income and expense activity by segment for the years ended December 31, 2023, 2022 and 2021 and total assets as of December 31, 2023 and 2022. Year Ended December 31, 2023 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 415.3 $ — $ — $ 415.3 Hotel 57.1 — — 57.1 Investment management fees — 61.9 — 61.9 Loans — 26.1 — 26.1 Other — — 2.2 2.2 Total revenue 472.4 88.0 2.2 562.6 Loss from unconsolidated investments Principal co-investments — (188.5) — (188.5) Performance allocations — (64.3) — (64.3) Loss from unconsolidated investments — (252.8) — (252.8) Gain on sale of real estate, net 127.6 — — 127.6 Expenses Rental 152.6 — — 152.6 Hotel 37.9 — — 37.9 Compensation and related 42.7 39.0 57.7 139.4 Performance allocation compensation — (15.1) — (15.1) General and administrative 15.5 12.7 7.5 35.7 Depreciation and amortization 157.8 — — 157.8 Total expenses 406.5 36.6 65.2 508.3 Interest expense (162.0) — (97.2) (259.2) Loss on early extinguishment of debt (1.6) — — (1.6) Other income (loss) 2.3 (7.0) (0.3) (5.0) (Provision for) benefit from income taxes (9.6) — 64.9 55.3 Net income (loss) 22.6 (208.4) (95.6) (281.4) Net income attributable to noncontrolling interests (22.4) — — (22.4) Preferred dividends — — (38.0) (38.0) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 0.2 $ (208.4) $ (133.6) $ (341.8) 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 Loans — 11.7 — 11.7 Other — — 1.7 1.7 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 54.2 140.3 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 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 Loans — 8.6 — 8.6 Other — — 2.1 2.1 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 61.8 162.6 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 December 31, (Dollars in millions) 2023 2022 Assets Consolidated $ 5,196.3 $ 5,684.1 Co-investment 2,316.3 2,387.5 Corporate 199.5 200.2 Total assets $ 7,712.1 $ 8,271.8 December 31, (Dollars in millions) 2023 2022 2021 Expenditures for long lived assets Investments $ (217.2) $ (569.1) $ (1,271.0)
Schedule of Geographic Information	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) 2023 2022 2021 United States $ 334.1 $ 317.5 $ 278.1 Europe 228.5 222.5 175.5 Total revenue $ 562.6 $ 540.0 $ 453.6

GUARANTOR AND NON-GUARANTOR F_2

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS (Tables)	12 Months Ended
GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS (Tables)	Dec. 31, 2023
Guarantor and Nonguarantor Financial Statements [Abstract]
Schedule of Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2023 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 73.3 $ 99.4 $ 141.0 $ — $ 313.7 Accounts receivable — 0.9 22.0 34.4 — 57.3 Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net — — 1,522.3 3,315.0 — 4,837.3 Unconsolidated investments — 14.6 652.0 1,402.5 — 2,069.1 Investments in and advances to consolidated subsidiaries 1,800.4 3,938.2 2,511.6 — (8,250.2) — Other assets — 59.4 51.6 76.5 — 187.5 Loan purchases and originations, net — 0.7 214.8 31.7 — 247.2 Total assets $ 1,800.4 $ 4,087.1 $ 5,073.7 $ 5,001.1 $ (8,250.2) $ 7,712.1 Liabilities Accounts payable — 0.5 6.0 11.4 — 17.9 Accrued expenses and other liabilities 45.3 351.9 91.5 109.1 — 597.8 Mortgage debt — — 1,038.0 1,802.9 — 2,840.9 KW unsecured debt — 1,934.3 — — — 1,934.3 KWE unsecured bonds — — — 522.8 — 522.8 Total liabilities 45.3 2,286.7 1,135.5 2,446.2 — 5,913.7 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,755.1 1,800.4 3,938.2 2,511.6 (8,250.2) 1,755.1 Noncontrolling interests — — — 43.3 — 43.3 Total equity 1,755.1 1,800.4 3,938.2 2,554.9 (8,250.2) 1,798.4 Total liabilities and equity $ 1,800.4 $ 4,087.1 $ 5,073.7 $ 5,001.1 $ (8,250.2) $ 7,712.1 CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2022 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 91.5 $ 59.6 $ 288.2 $ — $ 439.3 Accounts receivable — 0.1 18.2 22.5 — 40.8 Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net — — 1,656.8 3,531.3 — 5,188.1 Unconsolidated investments — 15.9 698.6 1,523.6 — 2,238.1 Investments in and advances to consolidated subsidiaries 2,009.0 4,289.3 2,850.0 — (9,148.3) — Other assets — 85.7 50.5 79.9 — 216.1 Loan purchases and originations — 5.8 111.6 32.0 — 149.4 Total assets $ 2,009.0 $ 4,488.3 $ 5,445.3 $ 5,477.5 $ (9,148.3) $ 8,271.8 Liabilities Accounts payable $ — $ 0.5 $ 4.0 $ 11.7 $ — $ 16.2 Accrued expenses and other liabilities 45.0 416.2 76.5 120.5 — 658.2 Mortgage debt — — 1,075.5 1,942.5 — 3,018.0 KW unsecured debt — 2,062.6 — — — 2,062.6 KWE unsecured bonds — — — 506.4 506.4 Total liabilities 45.0 2,479.3 1,156.0 2,581.1 — 6,261.4 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,964.0 2,009.0 4,289.3 2,850.0 (9,148.3) 1,964.0 Noncontrolling interests — — — 46.4 — 46.4 Total equity 1,964.0 2,009.0 4,289.3 2,896.4 (9,148.3) 2,010.4 Total liabilities and equity $ 2,009.0 $ 4,488.3 $ 5,445.3 $ 5,477.5 $ (9,148.3) $ 8,271.8
Schedule of Condensed Consolidating Statement of Income	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Total revenue $ — $ 0.2 $ 239.6 $ 322.8 $ — $ 562.6 Total loss from unconsolidated investments — — (110.5) (142.3) — (252.8) Gain on sale of real estate, net — — 98.8 28.8 — 127.6 Total expenses 35.1 82.1 158.5 232.6 — 508.3 Loss from consolidated subsidiaries (246.7) (131.5) (147.5) — 525.7 — Interest expense — (97.2) (45.0) (117.0) — (259.2) Loss on early extinguishment of debt — — (2.0) 0.4 — (1.6) Other income (loss) 0.4 (0.9) (6.4) 1.9 — (5.0) Loss before benefit from (provision for) income taxes (281.4) (311.5) (131.5) (138.0) 525.7 (336.7) Benefit from (provision for) income taxes — 64.8 — (9.5) — 55.3 Net loss (281.4) (246.7) (131.5) (147.5) 525.7 (281.4) Net income attributable to the noncontrolling interests — — — (22.4) — (22.4) Preferred dividends (38.0) — — — — (38.0) Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (319.4) $ (246.7) $ (131.5) $ (169.9) $ 525.7 $ (341.8) CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2022 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Total revenues $ — $ 0.2 $ 225.1 $ 314.7 $ — $ 540.0 Income from unconsolidated investments — 1.1 12.0 165.3 — 178.4 Gain on sale of real estate, net — — 68.1 35.6 — 103.7 Total expenses 29.0 92.7 172.5 232.6 — 526.8 Income from consolidated subsidiaries 130.8 314.4 230.7 — (675.9) — Interest expense — (92.6) (41.8) (86.4) (220.8) (Loss) gain on early extinguishment of debt — — (1.6) 29.1 — 27.5 Other income (loss) 0.1 15.6 (1.3) 21.7 36.1 Income before provision for income taxes 101.9 146.0 318.7 247.4 (675.9) 138.1 Provision for income taxes — (15.2) (4.3) (16.7) — (36.2) Net income 101.9 130.8 314.4 230.7 (675.9) 101.9 Net income attributable to the noncontrolling interests — — — (8.2) — (8.2) Preferred dividends (28.9) — — — — (28.9) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 73.0 $ 130.8 $ 314.4 $ 222.5 $ (675.9) $ 64.8 CONDENSED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2021 ( Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries (1) Non-guarantor Subsidiaries Elimination Consolidated Total Total revenue $ — $ 0.3 $ 208.8 $ 244.5 $ — $ 453.6 Income from unconsolidated investments — 3.2 99.0 286.8 389.0 Gain on sale of real estate, net — (1.7) 129.6 284.8 — 412.7 Total expenses 31.8 108.1 214.8 194.9 — 549.6 Income from consolidated subsidiaries 368.2 676.8 508.7 — (1,553.7) — Interest expense — (73.3) (43.3) (75.8) — (192.4) Loss on early extinguishment of debt — (26.5) (0.6) (18.6) — (45.7) Other income (loss) — 0.7 (1.2) (4.5) — (5.0) Income before provision for income taxes 336.4 471.4 686.2 522.3 (1,553.7) 462.6 Provision for income taxes — (103.2) (9.4) (13.6) — (126.2) Net income 336.4 368.2 676.8 508.7 (1,553.7) 336.4 Net loss attributable to the noncontrolling interests — — — (6.0) — (6.0) Preferred dividends (17.2) — — — — (17.2) Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 319.2 $ 368.2 $ 676.8 $ 502.7 $ (1,553.7) $ 313.2

ORGANIZATION (Details)

ORGANIZATION (Details)	12 Months Ended
ORGANIZATION (Details)	Dec. 31, 2023 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) investment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of investments electing fair value option \| investment	72
Accrued performance allocations	$ 77,300,000
Fees receivable	0	$ 6,800,000	$ 9,600,000
Payment of performance fees	0	1,200,000
Goodwill impairment loss	0	0	0
Restricted cash	69,600,000	$ 21,400,000	$ 24,200,000
Accrued Liabilities And Other Liabilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accrued performance allocations	$ 22,800,000

REAL ESTATE AND ACQUIRED IN P_3

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Investments in Consolidated Real Estate Properties (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Real Estate [Abstract]
Land	$ 1,328.3	$ 1,319.2
Buildings	3,679.1	3,961.9
Building improvements	511.3	494.2
Acquired in-place lease values	276.4	295
Real estate investment, at cost	5,795.1	6,070.3
Less accumulated depreciation and amortization	(957.8)	(882.2)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 4,837.3	$ 5,188.1

REAL ESTATE AND ACQUIRED IN P_4

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Real Estate Properties [Line Items]
Impairment of real estate	$ 28.6	$ 13.3	$ 20.9
Gain (loss) on sale of real estate	127.6	103.7	412.7
Deconsolidation, gain (loss)	48.4
Net proceeds from sale of consolidated real estate	$ 383.9	$ 325.9	$ 486.4
Wholly-Owned, Multifamily Properties
Real Estate Properties [Line Items]
Equity interest sold, percentage	49%
Ownership interest percentage	51%
Montiavo
Real Estate Properties [Line Items]
Equity interest sold, percentage		49%
Ownership interest percentage		51%
Deconsolidation, gain (loss)		$ 56.7
Net proceeds from sale of consolidated real estate		30.2
MF Portfolio Joint Venture
Real Estate Properties [Line Items]
Equity interest sold, percentage			49%
Ownership interest percentage			51%
Deconsolidation, gain (loss)			$ 332
Net proceeds from sale of consolidated real estate			166.4
Multifamily
Real Estate Properties [Line Items]
Gain (loss) on sale of real estate	$ 79.5
Number of lots \| property	2
Western United States Property
Real Estate Properties [Line Items]
Gain (loss) on sale of real estate	$ 15.1
Consolidated Multifamily
Real Estate Properties [Line Items]
Gain (loss) on sale of real estate	37.6
Consolidated Multifamily \| Parent
Real Estate Properties [Line Items]
Gain (loss) on sale of real estate	$ 20.1
Leases, Acquired-in-Place
Real Estate Properties [Line Items]
Weighted-average lease term	5 years 3 months 18 days
Buildings, Building Improvements and Acquired In-Place Lease Values
Real Estate Properties [Line Items]
Depreciation	$ 148.9	$ 162.7	$ 151.3
Maximum \| Building and Building Improvements
Real Estate Properties [Line Items]
Estimated useful life	40 years

REAL ESTATE AND ACQUIRED IN P_5

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Consolidated Acquisitions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) property
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	$ 124.7
Building	470.7
Acquired in-place lease values	8.3
Investment debt	203.4
KWH Shareholders' Equity	$ 400.3
Multifamily \| Western U.S.
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Number of properties acquired \| property	4
Land	$ 99.2
Building	396.6
Acquired in-place lease values	1.4
Investment debt	203.4
KWH Shareholders' Equity	293.8
Office building \| United Kingdom
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]
Land	25.5
Building	74.1
Acquired in-place lease values	6.9
Investment debt	0
KWH Shareholders' Equity	$ 106.5

REAL ESTATE AND ACQUIRED IN P_6

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Gains on Real Estate, Net (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) property
Real Estate [Line Items]
Gain on sale of real estate, net \| $	$ 127.6	$ 103.7	$ 412.7
NCI \| $	(21.9)	(1)	(5.4)
Net of NCI \| $	$ 105.7	$ 102.7	$ 407.3
Multifamily \| Western U.S.
Real Estate [Line Items]
Number of real estate properties sold			1
Multifamily, Wholly-Owned \| Western U.S.
Real Estate [Line Items]
Number of real estate properties sold	2		9
Office \| United Kingdom
Real Estate [Line Items]
Number of real estate properties sold			19
Retail \| Western U.S.
Real Estate [Line Items]
Number of real estate properties sold			3
Wholly-Owned, Multifamily Properties
Real Estate [Line Items]
Equity interest sold, percentage	49%
Wholly-Owned, Multifamily Properties \| Western U.S.
Real Estate [Line Items]
Equity interest sold, percentage	49%	49%	49%

REAL ESTATE AND ACQUIRED IN P_7

REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE - Schedule of Minimum Lease Payments (Details) $ in Millions	Dec. 31, 2023 USD ($)
Real Estate [Abstract]
2024	$ 134.1
2025	124.4
2026	104.5
2027	83.1
2028	68.7
Thereafter	181.9
Total	$ 696.7

UNCONSOLIDATED INVESTMENTS - Na

UNCONSOLIDATED INVESTMENTS - Narrative (Details)	12 Months Ended
UNCONSOLIDATED INVESTMENTS - Narrative (Details)	Dec. 31, 2023 USD ($) property fund jointVenture	Dec. 31, 2022 USD ($) asset	Dec. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Payments to acquire interest in joint venture	$ 167,400,000
Proceeds from equity method investments	161,600,000
Deconsolidation, gain (loss)	48,400,000
Income (loss) from unconsolidated investments,	(252,800,000)
Fair value losses	(229,300,000)	$ 114,600,000	$ 213,500,000
Income (loss) from unconsolidated investments, other	24,000,000
Unconsolidated investments	1,927,000,000	2,093,700,000
Accrued expenses and other liabilities	4,900,000	(8,000,000)	(24,600,000)
Performance allocations	(64,300,000)	(21,100,000)	117,900,000
Payment of performance fees	0	1,200,000
Loss from unconsolidated investments	(252,800,000)	178,400,000	389,000,000
Proceeds from investment, recurring monthly distributions	92,400,000	157,100,000	82,800,000
Gain (loss) on sale of real estate	$ 127,600,000	103,700,000	412,700,000
Number of joint ventures with unfulfilled capital commitments \| jointVenture	8
Unfunded Capital Commitments To Joint Ventures
Schedule of Equity Method Investments [Line Items]
Other commitment	$ 187,700,000	$ 246,600,000
Equity Method Investments Closed-End Funds
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 73,500,000
Number of closed-end funds \| fund	4
Development Project Equity Commitments
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 68,700,000
Vintage Housing Holdings
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold \| property	1
Multifamily In Fund VI
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold \| property	1
Multifamily In Europe Fund II
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold \| property	1
Multifamily
Schedule of Equity Method Investments [Line Items]
Gain (loss) on sale of real estate	$ 79,500,000
Multifamily \| Western U.S.
Schedule of Equity Method Investments [Line Items]
Number of real estate properties sold \| asset		2
Western United States Property
Schedule of Equity Method Investments [Line Items]
Gain (loss) on sale of real estate	15,100,000
Fair Value, Recurring
Schedule of Equity Method Investments [Line Items]
Unconsolidated investments	1,927,000,000	$ 2,093,700,000
Social Impact Real Estate Fund Manager
Schedule of Equity Method Investments [Line Items]
Write off of investments	$ 5,000,000
Co-Working Office Building
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	10%
Vintage Housing Holdings
Schedule of Equity Method Investments [Line Items]
Increase (decrease) in fair value of investment	$ 51,500,000
Investments in joint ventures	285,900,000	272,300,000
Loss from unconsolidated investments	63,000,000	119,800,000	$ 41,400,000
Proceeds from investment	59,100,000
Proceeds from investment, recurring monthly distributions	9,700,000
Proceeds from investment, paid developer fees at conversion	3,200,000
Proceeds from investment, sales and refinance	46,200,000
Joint Venture \| Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Accrued expenses and other liabilities	$ (64,300,000)	(21,100,000)
Joint Venture \| Equity Method Investments \| Western U.S.
Schedule of Equity Method Investments [Line Items]
Performance allocations		$ 6,800,000
Minimum \| Various Comingled Funds And Separate Accounts
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	5%
Maximum \| Various Comingled Funds And Separate Accounts
Schedule of Equity Method Investments [Line Items]
Ownership interest percentage	50%

UNCONSOLIDATED INVESTMENTS - Sc

UNCONSOLIDATED INVESTMENTS - Schedule of Joint Ventures (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 2,069.1	$ 2,238.1
Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	1,134.7	1,235.7
Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	370.1	404.6
Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	253	195.9
Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	133.1	202.6
Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	178.2	199.3
Western U.S.
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	1,397.9	1,470.1
Western U.S. \| Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	820.9	857.6
Western U.S. \| Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	71.6	89.2
Western U.S. \| Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	253	195.9
Western U.S. \| Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	96.2	158.3
Western U.S. \| Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	156.2	169.1
Ireland
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	477.9	562.8
Ireland \| Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	313.8	378.1
Ireland \| Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	158.7	176.7
Ireland \| Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Ireland \| Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	5.4	8
Ireland \| Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	193.3	205.2
United Kingdom \| Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom \| Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	139.8	138.7
United Kingdom \| Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom \| Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	31.5	36.3
United Kingdom \| Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 22	$ 30.2

UNCONSOLIDATED INVESTMENTS - _2

UNCONSOLIDATED INVESTMENTS - Schedule of Cash Distributions by Investment Type and Geographic Location (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Operating	$ 69.2
Investing	92.4	$ 157.1	$ 82.8
Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	44.4
Investing	74.2
Commercial
Schedule of Equity Method Investments [Line Items]
Operating	18.5
Investing	0
Funds
Schedule of Equity Method Investments [Line Items]
Operating	4.8
Investing	15.2
Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	1.5
Investing	3
Western U.S.
Schedule of Equity Method Investments [Line Items]
Operating	51
Investing	81.3
Western U.S. \| Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	36.1
Investing	74.2
Western U.S. \| Commercial
Schedule of Equity Method Investments [Line Items]
Operating	9.4
Investing	0
Western U.S. \| Funds
Schedule of Equity Method Investments [Line Items]
Operating	4.8
Investing	4.1
Western U.S. \| Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0.7
Investing	3
Ireland
Schedule of Equity Method Investments [Line Items]
Operating	17.4
Investing	0
Ireland \| Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	8.3
Investing	0
Ireland \| Commercial
Schedule of Equity Method Investments [Line Items]
Operating	9.1
Investing	0
Ireland \| Funds
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
Ireland \| Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
United Kingdom
Schedule of Equity Method Investments [Line Items]
Operating	0.8
Investing	11.1
United Kingdom \| Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
United Kingdom \| Commercial
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
United Kingdom \| Funds
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	11.1
United Kingdom \| Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0.8
Investing	$ 0

UNCONSOLIDATED INVESTMENTS - _3

UNCONSOLIDATED INVESTMENTS - Schedule of Income (Loss) from Unconsolidated Investments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Income from unconsolidated investments - operating performance	$ 40.8	$ 80.2	$ 60.7
Income from unconsolidated investments - realized gains from cost basis investments	0	4.7	0
(Loss) income from unconsolidated investments - unrealized and realized fair value (losses) gains	(229.3)	114.6	213.5
Income from unconsolidated investments - realized losses and impairment	0	0	(3.1)
Principal co-investments	(188.5)	199.5	271.1
(Loss) income from unconsolidated investments - performance allocation	(64.3)	(21.1)	117.9
Total (loss) income from unconsolidated investments	$ (252.8)	$ 178.4	$ 389

UNCONSOLIDATED INVESTMENTS - _4

UNCONSOLIDATED INVESTMENTS - Schedule of Summarized Financial Data (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Cash and cash equivalents		$ 313.7	$ 439.3
Accounts receivable		57.3	40.8
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		4,837.3	5,188.1
Other assets		187.5	216.1
Total assets	[1]	7,712.1	8,271.8
Liabilities
Total liabilities	[1]	5,913.7	6,261.4
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,755.1	1,964
Partners		43.3	46.4
Total equity		1,798.4	2,010.4	$ 1,803.9	$ 1,672.7
Total liabilities and equity		7,712.1	8,271.8
Interest expense		(259.2)	(220.8)	(192.4)
Other (loss) income		(5)	36.1	(5)
Net (loss) income		(281.4)	101.9	336.4
(Income) loss attributable to partner		22.4	8.2	6
Total (loss) income from unconsolidated investments		(252.8)	178.4	389
VHH
Equity
Unrealized fair value gains (losses)		114.4	270.7	77.4
Interest expense		(52)	(45.6)	(37.5)
Other (loss) income		(8.2)	0	(0.1)
(Income) loss attributable to partner		(93.7)	(195.3)	(78.3)
Total (loss) income from unconsolidated investments		63	119.8	41.4
MF Seed Portfolio
Equity
Unrealized fair value gains (losses)		(80.7)	56.1	140.6
Interest expense		(18)	(17.6)	(8.2)
Other (loss) income		(2.2)	(4.1)	(11.8)
(Income) loss attributable to partner		30.4	(33)	(54.8)
Total (loss) income from unconsolidated investments		(29)	45.1	88.9
Rental
Equity
Rental expenses		(152.6)	(151.2)	(132.7)
Rental \| VHH
Equity
Total revenue		154.6	131	114.7
Rental expenses		(52.1)	(41)	(34.8)
Rental \| MF Seed Portfolio
Equity
Total revenue		68.4	64.8	31.6
Rental expenses		(26.9)	(21.1)	(8.5)
VHH
Schedule of Equity Method Investments [Line Items]
Cash and cash equivalents		44	37
Accounts receivable		3.7	4.4
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		2,054.9	1,802.7
Other assets		0.3	2
Total assets		2,102.9	1,846.1
Liabilities
Accounts payable and accrued expenses		21.1	17.6
Mortgage debt		1,417.4	1,180.6
Total liabilities		1,438.5	1,198.2
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		285.9	271.8
Partners		378.5	376.1
Total equity		664.4	647.9
Total liabilities and equity		2,102.9	1,846.1
Net (loss) income		156.7	315.1	119.7
MF Seed Portfolio
Schedule of Equity Method Investments [Line Items]
Cash and cash equivalents		10	12.4
Accounts receivable		1.2	2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		898.6	970.5
Other assets		1.8	1.1
Total assets		911.6	986
Liabilities
Accounts payable and accrued expenses		6.8	5.4
Mortgage debt		439.7	448.7
Total liabilities		446.5	454.1
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		246.6	291.9
Partners		218.5	240
Total equity		465.1	531.9
Total liabilities and equity		911.6	986
Net (loss) income		$ (59.4)	$ 78.1	$ 143.7

[1]The assets and liabilities as of December 31, 2023 include $154.9 million (including cash held by consolidated investments of $3.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $121.8 million) and $101.4 million (including investment debt of $54.9 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2022 include $169.8 million (including cash held by consolidated investments of $6.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $137.8 million) and $82.4 million (including investment debt of $51.2 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.

FAIR VALUE MEASUREMENTS AND T_3

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 1,927	$ 2,093.7
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,927	2,093.7
Total	1,903.3	2,100.7
Recurring \| Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(23.7)	7
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	0	0
Recurring \| Level 1 \| Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	0	0
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	(23.7)	7
Recurring \| Level 2 \| Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(23.7)	7
Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,927	2,093.7
Total	1,927	2,093.7
Recurring \| Level 3 \| Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND T_4

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) year property investment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) property
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Number of investments electing fair value option \| investment	72
FV Option	$ 1,793.9	$ 1,891.1
Funds	133.1	$ 202.6
Deconsolidation, gain (loss)	$ 48.4
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Equity method investments, principal investments	Equity method investments, principal investments
Unrealized gains (losses), arising during the period	$ 22.1
Equity method investments, principal investments	(188.5)	$ 199.5	$ 271.1
Other comprehensive income	0.9
Reported Value Measurement
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Long-term debt, fair value	5,300	5,600
Interest Rate Swap
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Equity method investments, principal investments	(5.2)	16.9
Other comprehensive income		1.1
Interest Rate Swap \| Designated as Hedging Instrument
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value gains	5.9	42.4
Foreign Currency Translation
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Unrealized gains (losses), arising during the period	32.3
Other comprehensive income	$ 0.9
Foreign Currency Translation \| Euro
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of debt hedged	97%
Foreign Currency Translation \| GBP
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Percentage of debt hedged	95%
Currency Derivative Contracts and Interest Rate Swaps \| Interest Rate Swap
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Unrealized gains (losses), arising during the period	$ 0
Fair value gains		7.4
Other comprehensive income	$ 0
Measurement Input, Holding Period \| Valuation Technique, Discounted Cash Flow
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Measurement input \| year	10
Measurement Input, Credit Spread \| Minimum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Measurement input	0.0200
Measurement Input, Credit Spread \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Measurement input	0.0460
Measurement Input, Fixed Rate \| Minimum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Measurement input	0.0490
Measurement Input, Fixed Rate \| Maximum
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Measurement input	0.0930
Level 3
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Change in unrealized gain (losses) on level 3 investments	$ (178.2)	120.8
Level 2 \| Estimate of Fair Value Measurement
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Long-term debt, fair value	$ 4,800	5,000
MF Seed Portfolio
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Deconsolidation, gain (loss)			$ 178.8
Montiavo
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Deconsolidation, gain (loss)		$ 31.9
Equity interest sold, percentage		49%
Multifamily
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Number of lots \| property	2
Multifamily \| MF Seed Portfolio
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Number of lots \| property	2
Number of asset \| property			9
Multifamily Recapitalized To Vintage Housing Holdings \| MF Seed Portfolio
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Number of lots \| property	1

FAIR VALUE MEASUREMENTS AND T_5

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Investments in Joint Ventures Held at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FV Option	$ 1,793.9	$ 1,891.1
Funds	133.1	202.6
Total	$ 1,927	$ 2,093.7

FAIR VALUE MEASUREMENTS AND T_6

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Changes in Level 3 Investments (Details) - Equity Method Investments - Recurring - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 2,093.7	$ 1,794.8	$ 1,136.5
Unrealized and realized gains, including performance allocations	111.5	274.4	390
Unrealized and realized losses	(377.4)	(114.1)	(5)
Contributions	168.8	348.1	273.8
Distributions	(143.9)	(188.9)	(144.3)
Foreign exchange	25	(55.8)	(28.4)
Other	49.3	35.2	172.2
Ending balance	$ 1,927	$ 2,093.7	$ 1,794.8

FAIR VALUE MEASUREMENTS AND T_7

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Range of Input (Details) - Level 3	Dec. 31, 2023
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Multifamily \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0570
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Multifamily \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0750
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Office \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0520
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Office \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0750
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Industrial \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0500
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Industrial \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0630
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Retail
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0650
Capitalization Rates \| Valuation Technique, Discounted Cash Flow \| Hotel
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0600
Capitalization Rates \| Valuation Technique, Direct Capitalization \| Multifamily \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0430
Capitalization Rates \| Valuation Technique, Direct Capitalization \| Multifamily \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0580
Capitalization Rates \| Valuation Technique, Direct Capitalization \| Office \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0450
Capitalization Rates \| Valuation Technique, Direct Capitalization \| Office \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0930
Capitalization Rates \| Valuation Technique, Direct Capitalization \| Industrial \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0410
Capitalization Rates \| Valuation Technique, Direct Capitalization \| Industrial \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0900
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Multifamily \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0730
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Multifamily \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1100
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Office \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0750
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Office \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0930
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Industrial \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0630
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Industrial \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0780
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Retail
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0830
Discount Rates \| Valuation Technique, Discounted Cash Flow \| Hotel
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0830

FAIR VALUE MEASUREMENTS AND T_8

FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION - Schedule of Currency Forward Contracts and Currency Option Contract (Details) € in Millions, £ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 GBP (£)
Derivative [Line Items]
Interest Expense	$ 259.2	$ 220.8	$ 192.4
Designated as Hedging Instrument \| Foreign Currency Derivative Contracts \| Level 2
Derivative [Line Items]
Hedge Asset	13.3
Hedge Liability	(37)
Change in Unrealized (Losses) Gains	(10.2)
Recognized Losses	(17.5)
Cash Paid	(2.1)
Deferred tax expense	4.7
Designated as Hedging Instrument \| Foreign Currency Derivative Contracts \| Level 2 \| Interest Expense
Derivative [Line Items]
Interest Expense	6.3
Designated as Hedging Instrument \| Derivatives Outstanding \| Level 2
Derivative [Line Items]
Hedge Asset	13.3
Hedge Liability	(37)
Change in Unrealized (Losses) Gains	(12.1)
Recognized Losses	(17.5)
Cash Paid	0
Designated as Hedging Instrument \| Derivatives Outstanding \| Level 2 \| Interest Expense
Derivative [Line Items]
Interest Expense	6.2
Designated as Hedging Instrument \| Foreign Exchange Contract, One
Derivative [Line Items]
Notional \| €				€ 287.5
Designated as Hedging Instrument \| Foreign Exchange Contract, One \| Level 2
Derivative [Line Items]
Hedge Asset	2.5
Hedge Liability	(18.1)
Change in Unrealized (Losses) Gains	(0.4)
Recognized Losses	(12.1)
Cash Paid	0
Designated as Hedging Instrument \| Foreign Exchange Contract, One \| Level 2 \| Interest Expense
Derivative [Line Items]
Interest Expense	4.3
Designated as Hedging Instrument \| Foreign Exchange Contract, Two \| KWE
Derivative [Line Items]
Notional \| €				40
Designated as Hedging Instrument \| Foreign Exchange Contract, Two \| Level 2 \| KWE
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	(0.4)
Change in Unrealized (Losses) Gains	(1.3)
Recognized Losses	0
Cash Paid	0
Designated as Hedging Instrument \| Foreign Exchange Contract, Two \| Level 2 \| KWE \| Interest Expense
Derivative [Line Items]
Interest Expense	0
Designated as Hedging Instrument \| Foreign Exchange Contract, Three \| KWE
Derivative [Line Items]
Notional \| €				€ 475
Designated as Hedging Instrument \| Foreign Exchange Contract, Three \| Level 2 \| KWE
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized (Losses) Gains	11.6
Recognized Losses	0
Cash Paid	0
Designated as Hedging Instrument \| Foreign Exchange Contract, Three \| Level 2 \| KWE \| Interest Expense
Derivative [Line Items]
Interest Expense	0
Designated as Hedging Instrument \| Foreign Exchange Contract, Four
Derivative [Line Items]
Notional \| £					£ 475
Designated as Hedging Instrument \| Foreign Exchange Contract, Four \| Level 2
Derivative [Line Items]
Hedge Asset	10.8
Hedge Liability	(18.5)
Change in Unrealized (Losses) Gains	(22)
Recognized Losses	(5.4)
Cash Paid	0
Designated as Hedging Instrument \| Foreign Exchange Contract, Four \| Level 2 \| Interest Expense
Derivative [Line Items]
Interest Expense	1.9
Designated as Hedging Instrument \| Derivative Settled \| Level 2
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized (Losses) Gains	1.9
Recognized Losses	0
Cash Paid	(2.1)
Designated as Hedging Instrument \| Derivative Settled \| Level 2 \| Interest Expense
Derivative [Line Items]
Interest Expense	0.1
Designated as Hedging Instrument \| Foreign Exchange Contract, Six \| Level 2
Derivative [Line Items]
Hedge Asset	0
Hedge Liability	0
Change in Unrealized (Losses) Gains	1.9
Recognized Losses	0
Cash Paid	(2.1)
Designated as Hedging Instrument \| Foreign Exchange Contract, Six \| Level 2 \| Interest Expense
Derivative [Line Items]
Interest Expense	$ 0.1

LOANS (Details)

LOANS (Details) - USD ($) $ in Millions		12 Months Ended
LOANS (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Committed capital, gross	$ 3,700	$ 4,100
Percentage of purchase price and future funding obligations		5%
Committed capital		$ 2,400
Percentage discount on gross commitment	4.50%	4.50%
Loan purchases and originations, net	$ 247.2	$ 247.2	$ 149.4
Loan income		562.6	540	$ 453.6
CECL loan reserve		7	0	0
Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loan income		26.1	11.7	$ 8.6
Loan Platform Commitments
Financing Receivable, Allowance for Credit Loss [Line Items]
Other commitment	$ 87.7	87.7	$ 17.7
Kennedy Wilson
Financing Receivable, Allowance for Credit Loss [Line Items]
Committed capital		$ 118.9

OTHER ASSETS - Schedule of Othe

OTHER ASSETS - Schedule of Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Other Assets [Abstract]
Straight line rent receivable	$ 45.8	$ 42.2
Goodwill	23.9	23.9
Prepaid expenses	13.1	12.7
Deferred taxes, net	10	9.4
Leasing commissions, net of accumulated amortization of $13.4 and $11.1 at December 31, 2023 and 2022, respectively	9	9.4
Right of use asset, net	$ 8.9	$ 12.2
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Other	$ 25	$ 13.7
Other Assets	187.5	216.1
Accumulated amortization, leasing commission	13.4	11.1
Accumulated depreciation, depletion and amortization, property, plant, and equipment	30.8	29.4
Accumulated amortization, above-market leases	42.4	53
Above Market Leases
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $42.4 and $53.0 at December 31, 2023 and 2022, respectively	2.5	3.9
Furniture and Equipment
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $30.8 and $29.4 at December 31, 2023 and 2022, respectively	7	13.4
Interest rate caps and swaps
Other Assets [Abstract]
Interest rate caps and swaps / Hedge assets	29	41
Hedge assets
Other Assets [Abstract]
Interest rate caps and swaps / Hedge assets	$ 13.3	$ 34.3

OTHER ASSETS - Additional Infor

OTHER ASSETS - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) lease	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Real Estate [Line Items]
Depreciation and amortization expense \| $	$ 8.8	$ 10.2	$ 14.5
Rental expense \| $	$ 0.7	$ 0.6	$ 0.7
Minimum
Real Estate [Line Items]
Remaining lease term	2 years
Maximum
Real Estate [Line Items]
Remaining lease term	235 years
Loans
Real Estate [Line Items]
Number of leases \| lease	3
Land
Real Estate [Line Items]
Number of leases \| lease	2

OTHER ASSETS - Schedule of Futu

OTHER ASSETS - Schedule of Future Minimum Rental Payments (Details) $ in Millions	Dec. 31, 2023 USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2024	$ 1.1
2025	1
2026	1.3
2027	1.4
2028	1.3
Thereafter	31.1
Total undiscounted rental payments	37.2
Less imputed interest	(28.3)
Right of Use Asset	$ 8.9
Interest Rates	Accrued expenses and other liabilities

MORTGAGE DEBT - Schedule of Mor

MORTGAGE DEBT - Schedule of Mortgage Debt (Details) - Mortgage debt - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 2,854.6	$ 3,034.5
Unamortized loan fees	(13.7)	(16.5)
Total debt	2,840.9	3,018
Unamortized discount (premium)	1	0.6
Multifamily \| Western U.S.
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,711	1,692.9
Commercial \| Western U.S.
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	258.2	296.6
Commercial \| United Kingdom
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	509.9	637.4
Commercial \| Ireland
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	337.8	370.7
Commercial \| Spain
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 37.7	$ 36.9

MORTGAGE DEBT - Mortgage Debt,

MORTGAGE DEBT - Mortgage Debt, Additional Information (Details) - loan	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Number of existing mortgages refinanced	5
Number of investments with loans deconsolidated	3
Mortgage debt
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt	5.10%	4.12%
Percent of property level debt with fixed rate	65%	65%
Percent of property level debt with floating rate and interest caps	35%	27%
Percent of property level debt with floating rate, without interest caps	0%	8%

MORTGAGE DEBT - Schedule of Mat

MORTGAGE DEBT - Schedule of Maturities (Details) - Mortgage debt - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
2024	$ 150
2025	201.6
2026	616.7
2027	411.3
2028	342.4
Thereafter	1,133.6
Long-term debt, gross	2,855.6
Unamortized debt discount	(1)
Unamortized loan fees	(13.7)	$ (16.5)
Total debt	$ 2,840.9	$ 3,018

KW UNSECURED DEBT - Schedule of

KW UNSECURED DEBT - Schedule of Unsecured Debt (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
KW unsecured debt
Debt Instrument [Line Items]
KWE Euro Medium Term Note Programme	$ 1,953.5	$ 2,085.5
Unamortized loan fees	(19.2)	(22.9)
Total debt	1,934.3	2,062.6
Unamortized debt premium	3.1	3.5
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
KWE Euro Medium Term Note Programme	150.4	282
Senior Notes
Debt Instrument [Line Items]
KWE Euro Medium Term Note Programme	$ 1,803.1	$ 1,803.5

KW UNSECURED DEBT - Borrowings

KW UNSECURED DEBT - Borrowings Under Credit Facilities (Details) - Line of Credit - Revolving Credit Facility - USD ($)		12 Months Ended
	Mar. 25, 2020	Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Debt outstanding		$ 150,400,000	$ 282,000,000
A&R Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 500,000,000
Maturity of extension		6 months
Maximum consolidated leverage ratio	65%
Minimum fixed charge coverage ratio	1.70
Fixed charge coverage ratio measurement period	12 months
Minimum tangible net worth	$ 1,700,000,000
Covenant, percent of new equity offerings	50%
Maximum recourse leverage multiplier	1.5
Maximum secured recourse leverage ratio	3.50%
Maximum liquidity value	$ 299,000,000
Maximum adjusted secured leverage ratio	55%
Minimum liquidity value	$ 75,000,000
Debt outstanding		$ 150,400,000
Remaining borrowing capacity		349,600,000
Average outstanding amount		$ 204,700,000
A&R Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable rate		1%
A&R Facility \| Secured Overnight Financing Rate (SOFR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.75%
A&R Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.50%

KW UNSECURED DEBT - Senior Note

KW UNSECURED DEBT - Senior Notes (Details)				12 Months Ended
KW UNSECURED DEBT - Senior Notes (Details)	Apr. 01, 2021 USD ($)	Feb. 11, 2021 USD ($)	Feb. 09, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Aug. 23, 2021 USD ($)	Mar. 15, 2021 USD ($)	Jan. 27, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ 1,600,000	$ (27,500,000)	$ 45,700,000
Senior Notes
Debt Instrument [Line Items]
Maximum balance sheet leverage ratio		1.50		1.22
4.75% Senior Notes Due 2029 and 5% Senior Notes Due 2031 \| Senior Notes
Debt Instrument [Line Items]
Redemption percentage of principal		100%
Redemption percentage of debt option		40%
4.75% Senior Notes Due 2029 and 5% Senior Notes Due 2031 \| Senior Notes \| Maximum
Debt Instrument [Line Items]
Redemption percentage of principal		101%
4.75% Senior Notes Due 2029 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 500,000,000						$ 100,000,000
Interest rate		4.75%
Loss on extinguishment of debt			$ 14,800,000			$ 11,700,000
Amount of extinguishment of debt	$ 573,100,000
5% Senior Notes Due 2031 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 500,000,000						$ 100,000,000
Interest rate		5%
Senior Notes Due 2030 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount							$ 600,000,000
Interest rate							4.75%
5.875% Senior Notes Due 2024 \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount										$ 1,200,000,000
Interest rate										5.875%
Repurchased face amount									$ 1,000,000,000
Total repurchase amount			$ 576,900,000

KWE UNSECURED BONDS - Schedule

KWE UNSECURED BONDS - Schedule of KWE Unsecured Bonds (Details) - KWE unsecured bonds - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total debt	$ 522.8	$ 506.4
Unamortized debt discount	1	1.5
KWE
Debt Instrument [Line Items]
Unamortized loan fees	(0.5)	(0.7)
Total debt	522.8	506.4
KWE \| KWE Euro Medium Term Note Programme
Debt Instrument [Line Items]
KWE Euro Medium Term Note Programme	$ 523.3	$ 507.1

KWE UNSECURED BONDS - Additiona

KWE UNSECURED BONDS - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
(Loss) gain on early extinguishment of debt	$ (1.6)		$ 27.5		$ (45.7)
KWE \| Foreign Exchange Contract, Three \| Level 2 \| Designated as Hedging Instrument
Debt Instrument [Line Items]
Change in Unrealized (Losses) Gains	$ 11.6
KWE unsecured bonds \| KWE
Debt Instrument [Line Items]
Maximum percentage of total assets	60%	60%
Maximum ratio of consolidated secured indebtedness to total assets	50%	50%
Minimum interest coverage ratio	1.50	1.50
Minimum ratio of unencumbered assets to unsecured indebtedness	125%	125%
KWE unsecured bonds \| KWE \| KWE Notes
Debt Instrument [Line Items]
Proceeds from issuance of debt \| €		€ 550,000,000
KWE unsecured bonds \| KWE \| KWE Euro Medium Term Note Programme
Debt Instrument [Line Items]
Proceeds from issuance of debt			$ 80.3	€ 75,000,000
Annual fixed coupon rate	3.25%	3.25%
Aggregate principal amount \| €				€ 150,000,000
Percentage of par value			82%	82%
(Loss) gain on early extinguishment of debt			$ 13.9

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Total revenue	$ 562.6	$ 540	$ 453.6
Elimination
Related Party Transaction [Line Items]
Total revenue	0	0	0
Elimination \| Management Service
Related Party Transaction [Line Items]
Total revenue	0.3	0.4	0.8
Related Party
Related Party Transaction [Line Items]
Total revenue	$ 61.9	$ 45.2	$ 35.3

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ (238.8)	$ 88.5	$ 447.6
Foreign	(97.9)	49.6	14.9
Total	$ (336.7)	$ 138.1	$ 462.5

INCOME TAXES - Schedule of (Ben

INCOME TAXES - Schedule of (Benefit from) Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Federal
Current	$ 0	$ 0	$ 0
Deferred	(66)	3.6	94.4
Total federal tax expense (benefit)	(66)	3.6	94.4
State
Current	0.7	0.3	(0.2)
Deferred	0.8	11.3	9.1
Total state tax expense (benefit)	1.5	11.6	8.9
Foreign
Current	9.9	17.6	14.2
Deferred	(0.7)	3.4	8.7
Total foreign tax expense (benefit)	9.2	21	22.9
(Benefit from) provision for income taxes	$ (55.3)	$ 36.2	$ 126.2

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of the Statutory Federal Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Statutory rate	21%
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Tax computed at the statutory rate	$ (70.7)	$ 29	$ 97.1
Domestic permanent differences, primarily disallowed executive compensation	8.7	7.8	8.1
Foreign permanent differences, primarily non-deductible depreciation, amortization and interest expenses in the United Kingdom	1.9	1.7	8.2
Effect of foreign operations, net of foreign tax credit	11.2	(8.8)	7.4
Noncontrolling interests	(5.1)	(1.1)	(2.6)
State income taxes, net of federal benefit	(7.8)	2.8	7
Other	6.5	4.8	1
(Benefit from) provision for income taxes	$ (55.3)	$ 36.2	$ 126.2

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Foreign currency translation	$ 4.8	$ 5
Net operating loss carryforward and credits	178	152
Depreciation and amortization	69.4	51.5
Investment basis difference	89.6	90.7
Stock option expense	1.7	2
Hedging transactions	15.5	10
Lease liability	0.1	0.1
Accrued reserves	7.9	9.5
Total deferred tax assets	367	320.8
Valuation allowance	(283.3)	(265.9)
Net deferred tax assets	83.7	54.9
Deferred tax liabilities:
Investment basis and reserve differences	304.1	344.9
Right of use asset	0	0.1
Prepaid expenses and other	3.7	3.7
Capitalized interest	0.1	1
Total deferred tax liabilities	307.9	349.7
Deferred tax liability, net	$ (224.2)	$ (294.8)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Apr. 05, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Deferred tax asset	$ 367	$ 320.8
Valuation allowance	283.3	265.9
Increase (decrease) in valuation on deferred tax assets	17.4	$ 8.8
KWE
Operating Loss Carryforwards [Line Items]
Valuation allowance	73.2			$ 98.3
Foreign partnership investment basis difference	74.6			$ 98.3
Her Majesty's Revenue and Customs (HMRC)
Operating Loss Carryforwards [Line Items]
Deferred tax asset			$ 107
Valuation allowance	156.2
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	47.5
State and Local Jurisdiction \| California
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	100.8
State and Local Jurisdiction \| Other States
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	19.8
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	197.4
Tax credit	100.5
Operating loss carryforwards due to expire	$ 0.1

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Unfunded Capital Commitments To Joint Ventures
Other Commitments [Line Items]
Other commitment	$ 187.7	$ 246.6
Loan Platform Commitments
Other Commitments [Line Items]
Other commitment	87.7	$ 17.7
Development Project Equity Commitments
Other Commitments [Line Items]
Other commitment	$ 68.7

STOCK COMPENSATION AND OTHER _3

STOCK COMPENSATION AND OTHER RELATED PLANS - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		961,045	1,221,362
Share-based payment arrangement, expense		$ 34.5	$ 29	$ 28.7
Performance allocation compensation		$ (15.1)	(4.3)	42
Performance fees retained, percent		35%
Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Performance allocation compensation		$ 8.2	9.2	11.8
Deferred Profit Sharing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance allocation compensation		$ (15.1)	$ (4.3)	$ 42
Year One \| Deferred Profit Sharing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		60%
Vesting period		4 years
Year Two \| Deferred Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Liquidity percentage		40%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares paid for tax withholding for share-based compensation (in shares)		781,303	834,911	967,536
Payments related to tax withholding for share-based compensation		$ 13.4	$ 18.6	$ 20.5
Share-based payment arrangement, expense		$ 34.5	$ 29	$ 28.7
2017 Amended and Restated Plan \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	3 years
Postvesting restriction period	3 years
Discount for postvesting restrictions, percent	12.50%
Unrecognized compensation cost related to unvested restricted shares		$ 24.6
Unvested shares period for recognition		3 years
2017 Amended and Restated Plan \| Performance Shares \| MSCI Index Relative Performance
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		100%
2017 Amended and Restated Plan \| Performance Shares, Restricted Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		3,400,000	2,800,000	2,400,000
2017 Amended and Restated Plan \| Performance Shares, Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				100,000
2017 Amended and Restated Plan \| Restricted Stock, Return on Equity \| Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan \| Restricted Stock, Return on Equity \| Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan \| Restricted Stock, Return on Equity \| Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan \| Restricted Stock, Time-Based \| Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan \| Restricted Stock, Time-Based \| Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%
2017 Amended and Restated Plan \| Restricted Stock, Time-Based \| Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.33%

STOCK COMPENSATION AND OTHER _4

STOCK COMPENSATION AND OTHER RELATED PLANS - Schedule of Activity under the New Equity Plan (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Shares:
Nonvested at beginning of period (in shares)	1,700,558	1,314,106
Granted (in shares)	961,045	1,221,362
Vested (in shares)	(781,303)	(834,910)
Forfeited (in shares)	(267,031)	0
Nonvested at end of period (in shares)	1,613,269	1,700,558

EQUITY - Preferred Stock (Detai

EQUITY - Preferred Stock (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jun. 16, 2023	Mar. 08, 2022
Class of Stock [Line Items]
Warrants term	7 years	7 years
Number of shares issued in transaction (in shares)	12.3	13
Exercise price of warrants (in USD per share)	$ 16.21	$ 23
Private Placement
Class of Stock [Line Items]
Annual dividend rate	6%	4.75%
Preferred Stock \| Private Placement
Class of Stock [Line Items]
Considerations received on issuance of stock	$ 200	$ 300

EQUITY - At-the-Market Equity O

EQUITY - At-the-Market Equity Offering Program (Details) - ATM Program - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	May 31, 2022
Class of Stock [Line Items]
Maximum receivable amount		$ 200
Sale of stock, shares issued (in shares)	1,690,743
Sale of stock, considerations received, net of issuance costs	$ 29.8

EQUITY - Common Stock Repurchas

EQUITY - Common Stock Repurchase Program (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 03, 2020	Mar. 20, 2018
Class of Stock [Line Items]
Stock repurchase program, authorized amount				$ 500,000,000	$ 250,000,000
Shares retired due to common stock repurchase program	$ 7,500,000	$ 12,600,000	$ 62,700,000
Common Stock
Class of Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	666,701	551,162	2,824,665
Shares retired due to common stock repurchase program	$ 7,500,000	$ 12,600,000

EQUITY - Schedule of Dividend D

EQUITY - Schedule of Dividend Distributions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Declared
Preferred Stock	$ 38	$ 28.9	$ 17.2
Common Stock	133.6	132.3	125.8
Paid
Preferred Stock	35.5	25.9	17.2
Common Stock	$ 136	$ 134.6	$ 123.5

EQUITY - Schedule of Taxability

EQUITY - Schedule of Taxability of Dividends (Details) - $ / shares					12 Months Ended
	Oct. 05, 2023	Jul. 06, 2023	Apr. 06, 2023	Jan. 05, 2023	Dec. 31, 2023
Equity [Abstract]
Distributions Per Share (in dollars per share)	$ 0.2400	$ 0.2400	$ 0.2400	$ 0.2400	$ 0.9600
Ordinary Dividends (in dollars per share)	0	0	0	0	0
Return of Capital (in dollars per share)	$ 0.2400	$ 0.2400	$ 0.2400	$ 0.2400	$ 0.9600

EQUITY - Schedule of Accumulate

EQUITY - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ 2,010.4	$ 1,803.9
Unrealized gains (losses), arising during the period	22.1
Taxes on unrealized (gains) losses, arising during the period	4.5
Noncontrolling interest	(0.9)
Balance at end of period	1,798.4	2,010.4
Accumulated other comprehensive loss	(404.4)	(430.1)
Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Noncontrolling interest		(1.1)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(71.7)
Balance at end of period	(46)	(71.7)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(156.9)
Unrealized gains (losses), arising during the period	32.3
Taxes on unrealized (gains) losses, arising during the period	(0.2)
Noncontrolling interest	(0.9)
Balance at end of period	(125.7)	(156.9)
Currency Derivative Contracts and Interest Rate Swaps \| Foreign Currency Derivative Contracts
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	82
Unrealized gains (losses), arising during the period	(10.2)
Taxes on unrealized (gains) losses, arising during the period	4.7
Noncontrolling interest	0
Balance at end of period	76.5	82
Currency Derivative Contracts and Interest Rate Swaps \| Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	3.2
Unrealized gains (losses), arising during the period	0
Taxes on unrealized (gains) losses, arising during the period	0
Noncontrolling interest	0
Balance at end of period	3.2	$ 3.2
Noncontrolling Interest Holders
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	$ (358.4)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (341.8)	$ 64.8	$ 313.2
Weighted average shares outstanding for basic (in shares)	138,930,517	136,900,875	138,552,058
(Loss) income per share - basic (in dollars per share)	$ (2.46)	$ 0.47	$ 2.26
Weighted average shares outstanding for diluted (in shares)	138,930,517	138,567,534	140,132,435
(Loss) income per share - diluted (in dollars per share)	$ (2.46)	$ 0.47	$ 2.24
Potentially dilutive securities (in shares)	42,977,012	26,958,511	13,572,590

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Dec. 31, 2023 segment
Segment Reporting Information [Line Items]
Number of operating segments	2
Minimum
Segment Reporting Information [Line Items]
Average ownership interest in investments	5%
Maximum
Segment Reporting Information [Line Items]
Average ownership interest in investments	50%

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Income and Expense Activity by Segment (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Total revenue		$ 562.6	$ 540	$ 453.6
Principal co-investments		(188.5)	199.5	271.1
Performance allocations		(64.3)	(21.1)	117.9
Total (loss) income from unconsolidated investments		(252.8)	178.4	389
Gain on sale of real estate, net		127.6	103.7	412.7
Expenses
Performance allocation compensation		(15.1)	(4.3)	42
General and administrative		35.7	37.2	33.3
Depreciation and amortization		157.8	172.9	166.3
Total expenses		508.3	526.8	549.6
Non-operating income (expense)
Interest expense		(259.2)	(220.8)	(192.4)
(Loss) gain on early extinguishment of debt		(1.6)	27.5	(45.7)
Other (loss) income		(5)	36.1	(5)
(Provision for) benefit from income taxes		55.3	(36.2)	(126.2)
Net (loss) income		(281.4)	101.9	336.4
Net income attributable to the noncontrolling interests		(22.4)	(8.2)	(6)
Preferred dividends		(38)	(28.9)	(17.2)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(341.8)	64.8	313.2
Assets
Total assets	[1]	7,712.1	8,271.8
Expenditures for long lived assets
Investments		(217.2)	(569.1)	(1,271)
Rental
Revenue
Total revenue		415.3	434.9	390.5
Expenses
Cost of goods and services		152.6	151.2	132.7
Hotel
Revenue
Total revenue		57.1	46.9	17.1
Expenses
Cost of goods and services		37.9	29.5	12.7
Investment management fees
Revenue
Total revenue		61.9	44.8	35.3
Loans
Revenue
Total revenue		26.1	11.7	8.6
Other
Revenue
Total revenue		2.2	1.7	2.1
Compensation and related
Expenses
Cost of goods and services		139.4	140.3	162.6
Operating Segments \| Consolidated
Revenue
Total revenue		472.4	481.8	407.6
Principal co-investments		0	0	0
Performance allocations		0	0	0
Total (loss) income from unconsolidated investments		0	0	0
Gain on sale of real estate, net		127.6	103.7	412.7
Expenses
Performance allocation compensation		0	0	0
General and administrative		15.5	14.7	18.5
Depreciation and amortization		157.8	172.9	166.3
Total expenses		406.5	409.8	390.6
Non-operating income (expense)
Interest expense		(162)	(128.2)	(119.1)
(Loss) gain on early extinguishment of debt		(1.6)	27.5	(19.2)
Other (loss) income		2.3	20.8	(4.7)
(Provision for) benefit from income taxes		(9.6)	(21)	(23)
Net (loss) income		22.6	74.8	263.7
Net income attributable to the noncontrolling interests		(22.4)	(8.2)	(6)
Preferred dividends		0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		0.2	66.6	257.7
Assets
Total assets		5,196.3	5,684.1
Operating Segments \| Consolidated \| Rental
Revenue
Total revenue		415.3	434.9	390.5
Expenses
Cost of goods and services		152.6	151.2	132.7
Operating Segments \| Consolidated \| Hotel
Revenue
Total revenue		57.1	46.9	17.1
Expenses
Cost of goods and services		37.9	29.5	12.7
Operating Segments \| Consolidated \| Investment management fees
Revenue
Total revenue		0	0	0
Operating Segments \| Consolidated \| Loans
Revenue
Total revenue		0	0	0
Operating Segments \| Consolidated \| Other
Revenue
Total revenue		0	0	0
Operating Segments \| Consolidated \| Compensation and related
Expenses
Cost of goods and services		42.7	41.5	60.4
Operating Segments \| Co-Investments
Revenue
Total revenue		88	56.5	43.9
Principal co-investments		(188.5)	199.5	271.1
Performance allocations		(64.3)	(21.1)	117.9
Total (loss) income from unconsolidated investments		(252.8)	178.4	389
Gain on sale of real estate, net		0	0	0
Expenses
Performance allocation compensation		(15.1)	(4.3)	42
General and administrative		12.7	14.8	8.5
Depreciation and amortization		0	0	0
Total expenses		36.6	55.1	90.9
Non-operating income (expense)
Interest expense		0	0	0
(Loss) gain on early extinguishment of debt		0	0	0
Other (loss) income		(7)	0	0
(Provision for) benefit from income taxes		0	0	0
Net (loss) income		(208.4)	179.8	342
Net income attributable to the noncontrolling interests		0	0	0
Preferred dividends		0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(208.4)	179.8	342
Assets
Total assets		2,316.3	2,387.5
Operating Segments \| Co-Investments \| Rental
Revenue
Total revenue		0	0	0
Expenses
Cost of goods and services		0	0	0
Operating Segments \| Co-Investments \| Hotel
Revenue
Total revenue		0	0	0
Expenses
Cost of goods and services		0	0	0
Operating Segments \| Co-Investments \| Investment management fees
Revenue
Total revenue		61.9	44.8	35.3
Operating Segments \| Co-Investments \| Loans
Revenue
Total revenue		26.1	11.7	8.6
Operating Segments \| Co-Investments \| Other
Revenue
Total revenue		0	0	0
Operating Segments \| Co-Investments \| Compensation and related
Expenses
Cost of goods and services		39	44.6	40.4
Corporate
Revenue
Total revenue		2.2	1.7	2.1
Principal co-investments		0	0	0
Performance allocations		0	0	0
Total (loss) income from unconsolidated investments		0	0	0
Gain on sale of real estate, net		0	0	0
Expenses
Performance allocation compensation		0	0	0
General and administrative		7.5	7.7	6.3
Depreciation and amortization		0	0	0
Total expenses		65.2	61.9	68.1
Non-operating income (expense)
Interest expense		(97.2)	(92.6)	(73.3)
(Loss) gain on early extinguishment of debt		0	0	(26.5)
Other (loss) income		(0.3)	15.3	(0.3)
(Provision for) benefit from income taxes		64.9	(15.2)	(103.2)
Net (loss) income		(95.6)	(152.7)	(269.3)
Net income attributable to the noncontrolling interests		0	0	0
Preferred dividends		(38)	(28.9)	(17.2)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(133.6)	(181.6)	(286.5)
Assets
Total assets		199.5	200.2
Corporate \| Rental
Revenue
Total revenue		0	0	0
Expenses
Cost of goods and services		0	0	0
Corporate \| Hotel
Revenue
Total revenue		0	0	0
Expenses
Cost of goods and services		0	0	0
Corporate \| Investment management fees
Revenue
Total revenue		0	0	0
Corporate \| Loans
Revenue
Total revenue		0	0	0
Corporate \| Other
Revenue
Total revenue		2.2	1.7	2.1
Corporate \| Compensation and related
Expenses
Cost of goods and services		$ 57.7	$ 54.2	$ 61.8

[1]The assets and liabilities as of December 31, 2023 include $154.9 million (including cash held by consolidated investments of $3.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $121.8 million) and $101.4 million (including investment debt of $54.9 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2022 include $169.8 million (including cash held by consolidated investments of $6.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $137.8 million) and $82.4 million (including investment debt of $51.2 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.

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Geographic Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 562.6	$ 540	$ 453.6
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	334.1	317.5	278.1
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 228.5	$ 222.5	$ 175.5

GUARANTOR AND NON-GUARANTOR F_3

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Schedule of Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents		$ 313.7	$ 439.3
Accounts receivable		57.3	40.8
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		4,837.3	5,188.1
Unconsolidated investments		2,069.1	2,238.1
Investments in and advances to consolidated subsidiaries		0	0
Other assets		187.5	216.1
Loan purchases and originations, net		247.2	149.4
Total assets	[1]	7,712.1	8,271.8
Liabilities
Accounts payable		17.9	16.2
Accrued expenses and other liabilities		597.8	658.2
Total liabilities	[1]	5,913.7	6,261.4
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,755.1	1,964
Noncontrolling interests		43.3	46.4
Total equity		1,798.4	2,010.4	$ 1,803.9	$ 1,672.7
Total liabilities and equity		7,712.1	8,271.8
Mortgage debt
Liabilities
Debt		2,840.9	3,018
KW unsecured debt
Liabilities
Debt		1,934.3	2,062.6
KWE unsecured bonds
Liabilities
Debt		522.8	506.4
Reportable Legal Entities \| Parent
Assets
Cash and cash equivalents		0	0
Accounts receivable		0	0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		0	0
Unconsolidated investments		0	0
Investments in and advances to consolidated subsidiaries		1,800.4	2,009
Other assets		0	0
Loan purchases and originations, net		0	0
Total assets		1,800.4	2,009
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		45.3	45
Total liabilities		45.3	45
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,755.1	1,964
Noncontrolling interests		0	0
Total equity		1,755.1	1,964
Total liabilities and equity		1,800.4	2,009
Reportable Legal Entities \| Parent \| Mortgage debt
Liabilities
Debt		0	0
Reportable Legal Entities \| Parent \| KW unsecured debt
Liabilities
Debt		0	0
Reportable Legal Entities \| Parent \| KWE unsecured bonds
Liabilities
Debt		0	0
Reportable Legal Entities \| Kennedy-Wilson, Inc.
Assets
Cash and cash equivalents		73.3	91.5
Accounts receivable		0.9	0.1
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		0	0
Unconsolidated investments		14.6	15.9
Investments in and advances to consolidated subsidiaries		3,938.2	4,289.3
Other assets		59.4	85.7
Loan purchases and originations, net		0.7	5.8
Total assets		4,087.1	4,488.3
Liabilities
Accounts payable		0.5	0.5
Accrued expenses and other liabilities		351.9	416.2
Total liabilities		2,286.7	2,479.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,800.4	2,009
Noncontrolling interests		0	0
Total equity		1,800.4	2,009
Total liabilities and equity		4,087.1	4,488.3
Reportable Legal Entities \| Kennedy-Wilson, Inc. \| Mortgage debt
Liabilities
Debt		0	0
Reportable Legal Entities \| Kennedy-Wilson, Inc. \| KW unsecured debt
Liabilities
Debt		1,934.3	2,062.6
Reportable Legal Entities \| Kennedy-Wilson, Inc. \| KWE unsecured bonds
Liabilities
Debt		0	0
Reportable Legal Entities \| Guarantor Subsidiaries
Assets
Cash and cash equivalents		99.4	59.6
Accounts receivable		22	18.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		1,522.3	1,656.8
Unconsolidated investments		652	698.6
Investments in and advances to consolidated subsidiaries		2,511.6	2,850
Other assets		51.6	50.5
Loan purchases and originations, net		214.8	111.6
Total assets		5,073.7	5,445.3
Liabilities
Accounts payable		6	4
Accrued expenses and other liabilities		91.5	76.5
Total liabilities		1,135.5	1,156
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		3,938.2	4,289.3
Noncontrolling interests		0	0
Total equity		3,938.2	4,289.3
Total liabilities and equity		5,073.7	5,445.3
Reportable Legal Entities \| Guarantor Subsidiaries \| Mortgage debt
Liabilities
Debt		1,038	1,075.5
Reportable Legal Entities \| Guarantor Subsidiaries \| KW unsecured debt
Liabilities
Debt		0	0
Reportable Legal Entities \| Guarantor Subsidiaries \| KWE unsecured bonds
Liabilities
Debt		0	0
Reportable Legal Entities \| Non-guarantor Subsidiaries
Assets
Cash and cash equivalents		141	288.2
Accounts receivable		34.4	22.5
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		3,315	3,531.3
Unconsolidated investments		1,402.5	1,523.6
Investments in and advances to consolidated subsidiaries		0	0
Other assets		76.5	79.9
Loan purchases and originations, net		31.7	32
Total assets		5,001.1	5,477.5
Liabilities
Accounts payable		11.4	11.7
Accrued expenses and other liabilities		109.1	120.5
Total liabilities		2,446.2	2,581.1
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		2,511.6	2,850
Noncontrolling interests		43.3	46.4
Total equity		2,554.9	2,896.4
Total liabilities and equity		5,001.1	5,477.5
Reportable Legal Entities \| Non-guarantor Subsidiaries \| Mortgage debt
Liabilities
Debt		1,802.9	1,942.5
Reportable Legal Entities \| Non-guarantor Subsidiaries \| KW unsecured debt
Liabilities
Debt		0	0
Reportable Legal Entities \| Non-guarantor Subsidiaries \| KWE unsecured bonds
Liabilities
Debt		522.8	506.4
Elimination
Assets
Cash and cash equivalents		0	0
Accounts receivable		0	0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization, net		0	0
Unconsolidated investments		0	0
Investments in and advances to consolidated subsidiaries		(8,250.2)	(9,148.3)
Other assets		0	0
Loan purchases and originations, net		0	0
Total assets		(8,250.2)	(9,148.3)
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Total liabilities		0	0
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		(8,250.2)	(9,148.3)
Noncontrolling interests		0	0
Total equity		(8,250.2)	(9,148.3)
Total liabilities and equity		(8,250.2)	(9,148.3)
Elimination \| Mortgage debt
Liabilities
Debt		0	0
Elimination \| KW unsecured debt
Liabilities
Debt		0	0
Elimination \| KWE unsecured bonds
Liabilities
Debt		$ 0

[1]The assets and liabilities as of December 31, 2023 include $154.9 million (including cash held by consolidated investments of $3.6 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $121.8 million) and $101.4 million (including investment debt of $54.9 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2022 include $169.8 million (including cash held by consolidated investments of $6.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $137.8 million) and $82.4 million (including investment debt of $51.2 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.

GUARANTOR AND NON-GUARANTOR F_4

GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS - Schedule of Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 562.6	$ 540	$ 453.6
Total loss from unconsolidated investments	(252.8)	178.4	389
Gain on sale of real estate, net	127.6	103.7	412.7
Total expenses	508.3	526.8	549.6
Loss from consolidated subsidiaries	0	0	0
Interest expense	(259.2)	(220.8)	(192.4)
(Loss) gain on early extinguishment of debt	(1.6)	27.5	(45.7)
Other income (loss)	(5)	36.1	(5)
(Loss) income before benefit from (provision for) income taxes	(336.7)	138.1	462.6
Benefit from (provision for) income taxes	55.3	(36.2)	(126.2)
Net (loss) income	(281.4)	101.9	336.4
Net income attributable to the noncontrolling interests	(22.4)	(8.2)	(6)
Preferred dividends	(38)	(28.9)	(17.2)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(341.8)	64.8	313.2
Reportable Legal Entities \| Parent
Condensed Financial Statements, Captions [Line Items]
Total revenue	0	0	0
Total loss from unconsolidated investments	0	0	0
Gain on sale of real estate, net	0	0	0
Total expenses	35.1	29	31.8
Loss from consolidated subsidiaries	(246.7)	130.8	368.2
Interest expense	0	0	0
(Loss) gain on early extinguishment of debt	0	0	0
Other income (loss)	0.4	0.1	0
(Loss) income before benefit from (provision for) income taxes	(281.4)	101.9	336.4
Benefit from (provision for) income taxes	0	0	0
Net (loss) income	(281.4)	101.9	336.4
Net income attributable to the noncontrolling interests	0	0	0
Preferred dividends	(38)	(28.9)	(17.2)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(319.4)	73	319.2
Reportable Legal Entities \| Kennedy-Wilson, Inc.
Condensed Financial Statements, Captions [Line Items]
Total revenue	0.2	0.2	0.3
Total loss from unconsolidated investments	0	1.1	3.2
Gain on sale of real estate, net	0	0	(1.7)
Total expenses	82.1	92.7	108.1
Loss from consolidated subsidiaries	(131.5)	314.4	676.8
Interest expense	(97.2)	(92.6)	(73.3)
(Loss) gain on early extinguishment of debt	0	0	(26.5)
Other income (loss)	(0.9)	15.6	0.7
(Loss) income before benefit from (provision for) income taxes	(311.5)	146	471.4
Benefit from (provision for) income taxes	64.8	(15.2)	(103.2)
Net (loss) income	(246.7)	130.8	368.2
Net income attributable to the noncontrolling interests	0	0	0
Preferred dividends	0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(246.7)	130.8	368.2
Reportable Legal Entities \| Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	239.6	225.1	208.8
Total loss from unconsolidated investments	(110.5)	12	99
Gain on sale of real estate, net	98.8	68.1	129.6
Total expenses	158.5	172.5	214.8
Loss from consolidated subsidiaries	(147.5)	230.7	508.7
Interest expense	(45)	(41.8)	(43.3)
(Loss) gain on early extinguishment of debt	(2)	(1.6)	(0.6)
Other income (loss)	(6.4)	(1.3)	(1.2)
(Loss) income before benefit from (provision for) income taxes	(131.5)	318.7	686.2
Benefit from (provision for) income taxes	0	(4.3)	(9.4)
Net (loss) income	(131.5)	314.4	676.8
Net income attributable to the noncontrolling interests	0	0	0
Preferred dividends	0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(131.5)	314.4	676.8
Reportable Legal Entities \| Non-guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	322.8	314.7	244.5
Total loss from unconsolidated investments	(142.3)	165.3	286.8
Gain on sale of real estate, net	28.8	35.6	284.8
Total expenses	232.6	232.6	194.9
Loss from consolidated subsidiaries	0	0	0
Interest expense	(117)	(86.4)	(75.8)
(Loss) gain on early extinguishment of debt	0.4	29.1	(18.6)
Other income (loss)	1.9	21.7	(4.5)
(Loss) income before benefit from (provision for) income taxes	(138)	247.4	522.3
Benefit from (provision for) income taxes	(9.5)	(16.7)	(13.6)
Net (loss) income	(147.5)	230.7	508.7
Net income attributable to the noncontrolling interests	(22.4)	(8.2)	(6)
Preferred dividends	0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(169.9)	222.5	502.7
Elimination
Condensed Financial Statements, Captions [Line Items]
Total revenue	0	0	0
Total loss from unconsolidated investments	0	0
Gain on sale of real estate, net	0	0	0
Total expenses	0	0	0
Loss from consolidated subsidiaries	525.7	(675.9)	(1,553.7)
Interest expense	0		0
(Loss) gain on early extinguishment of debt	0	0	0
Other income (loss)	0		0
(Loss) income before benefit from (provision for) income taxes	525.7	(675.9)	(1,553.7)
Benefit from (provision for) income taxes	0	0	0
Net (loss) income	525.7	(675.9)	(1,553.7)
Net income attributable to the noncontrolling interests	0	0	0
Preferred dividends	0	0	0
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ 525.7	$ (675.9)	$ (1,553.7)

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	2 Months Ended	12 Months Ended
SUBSEQUENT EVENTS (Details) $ in Millions	Feb. 22, 2024 USD ($) property	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) property
Subsequent Event [Line Items]
Borrowings under line of credit/term loan		$ 50	$ 528.4	$ 314.3
Gain (loss) on sale of real estate		127.6	$ 103.7	$ 412.7
Office building \| United Kingdom
Subsequent Event [Line Items]
Number of real estate properties sold \| property				19
Revolving Credit Facility \| A&R Facility \| Line of Credit
Subsequent Event [Line Items]
Remaining borrowing capacity		$ 349.6
Subsequent Event
Subsequent Event [Line Items]
Sales price of real estate properties sold	$ 340
Cash proceeds from sale of real estate properties, net	240
Debt repayments	90
Gain (loss) on sale of real estate	$ 100
Subsequent Event \| Hotel \| Ireland
Subsequent Event [Line Items]
Number of real estate properties sold \| property	1
Subsequent Event \| Office building \| Pacific Northwest
Subsequent Event [Line Items]
Number of real estate properties sold \| property	1
Subsequent Event \| Retail \| United Kingdom
Subsequent Event [Line Items]
Number of real estate properties sold \| property	1
Subsequent Event \| Revolving Credit Facility \| A&R Facility \| Line of Credit
Subsequent Event [Line Items]
Borrowings under line of credit/term loan	$ 75
Remaining borrowing capacity	$ 274.6

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Real Estate and Accumulated Depreciation (Details) $ in Millions	Dec. 31, 2023 USD ($) Unit lot property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,854.6
Initial Cost
Land	1,206.8
Building & Improvements	3,762.8
Costs Capitalized Subsequent to Acquisition
Improvements	511.2
Gross Balance at December 31, 2020
Land	1,328.3
Building & Improvements	4,190.4
Total	5,518.7	$ 5,775.3	$ 5,567.3	$ 5,207.7
Accumulated Depreciation	(702.1)	$ (619.6)	$ (564)	$ (551.8)
Aggregate tax basis of all properties	$ 4,512.9
Multifamily
Gross Balance at December 31, 2020
Number of lots \| property	2
Southern California \| Commercial \| Office, Constructed 1955, 1981, 1982
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 35
Initial Cost
Land	11.2
Building & Improvements	18.5
Costs Capitalized Subsequent to Acquisition
Improvements	34.8
Gross Balance at December 31, 2020
Land	11.5
Building & Improvements	54.3
Total	65.8
Accumulated Depreciation	$ (11.7)
Depreciable Life in Years	39 years
Southern California \| Commercial \| Office 1, Constructed 1982
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22.3
Initial Cost
Land	31.8
Building & Improvements	60.6
Costs Capitalized Subsequent to Acquisition
Improvements	26.8
Gross Balance at December 31, 2020
Land	31.8
Building & Improvements	87.3
Total	119.1
Accumulated Depreciation	$ (22.3)
Depreciable Life in Years	39 years
Southern California \| Commercial \| Office, Constructed 1968
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 28.6
Initial Cost
Land	11.6
Building & Improvements	36.5
Costs Capitalized Subsequent to Acquisition
Improvements	5.8
Gross Balance at December 31, 2020
Land	11.6
Building & Improvements	42.3
Total	53.9
Accumulated Depreciation	$ (11.4)
Depreciable Life in Years	39 years
Southern California \| Commercial \| Office 2, Constructed 1982
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 35
Initial Cost
Land	20.7
Building & Improvements	47.9
Costs Capitalized Subsequent to Acquisition
Improvements	26.1
Gross Balance at December 31, 2020
Land	20.7
Building & Improvements	53.9
Total	74.6
Accumulated Depreciation	$ (13.8)
Depreciable Life in Years	39 years
Southern California \| Multifamily \| 460 Unit Asset, Constructed 1988
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 79.4
Initial Cost
Land	13.2
Building & Improvements	53
Costs Capitalized Subsequent to Acquisition
Improvements	9.6
Gross Balance at December 31, 2020
Land	13.2
Building & Improvements	62.6
Total	75.8
Accumulated Depreciation	$ (17.8)
Depreciable Life in Years	39 years
Number of units \| Unit	460
Southern California \| Multifamily \| 386 Unit Asset, Constructed 2002
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 66
Initial Cost
Land	0
Building & Improvements	81.4
Costs Capitalized Subsequent to Acquisition
Improvements	9.9
Gross Balance at December 31, 2020
Land	0
Building & Improvements	91.3
Total	91.3
Accumulated Depreciation	$ (21.3)
Depreciable Life in Years	39 years
Number of units \| Unit	386
Southern California \| Multifamily \| 310 Unit Multifamily
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 26.1
Initial Cost
Land	0.6
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	88.8
Building & Improvements	0
Total	88.8
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Number of units \| Unit	310
Southern California \| Development \| Multifamily, Acquired 2015
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	6
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	5.1
Gross Balance at December 31, 2020
Land	6.5
Building & Improvements	5.1
Total	11.6
Accumulated Depreciation	0
United Kingdom \| Commercial \| Commercial Portfolio 1, Acquired 2014
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	16.6
Building & Improvements	3.9
Costs Capitalized Subsequent to Acquisition
Improvements	5.9
Gross Balance at December 31, 2020
Land	1.3
Building & Improvements	16.3
Total	17.6
Accumulated Depreciation	$ (3.9)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Commercial Portfolio 2, Acquired 2014
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	34.3
Building & Improvements	208.2
Costs Capitalized Subsequent to Acquisition
Improvements	9.9
Gross Balance at December 31, 2020
Land	19.8
Building & Improvements	160.1
Total	179.9
Accumulated Depreciation	$ (45.9)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Office, Constructed 2003
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 181.1
Initial Cost
Land	85.3
Building & Improvements	232
Costs Capitalized Subsequent to Acquisition
Improvements	28
Gross Balance at December 31, 2020
Land	78
Building & Improvements	214.8
Total	292.8
Accumulated Depreciation	$ (66)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Retail, Constructed 2010
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	6.2
Building & Improvements	109.5
Costs Capitalized Subsequent to Acquisition
Improvements	8
Gross Balance at December 31, 2020
Land	4.8
Building & Improvements	92
Total	96.8
Accumulated Depreciation	$ (22.4)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Commercial Portfolio, Acquired 2015
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 48
Initial Cost
Land	61.3
Building & Improvements	127
Costs Capitalized Subsequent to Acquisition
Improvements	4.8
Gross Balance at December 31, 2020
Land	30.7
Building & Improvements	66.1
Total	96.8
Accumulated Depreciation	$ (16.4)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Office Portfolio, Acquired 2015
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	19
Building & Improvements	41.2
Costs Capitalized Subsequent to Acquisition
Improvements	18.9
Gross Balance at December 31, 2020
Land	21
Building & Improvements	44
Total	65
Accumulated Depreciation	$ (7)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Office Portfolio, Acquired 2016
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 63.7
Initial Cost
Land	32.1
Building & Improvements	70.4
Costs Capitalized Subsequent to Acquisition
Improvements	6.8
Gross Balance at December 31, 2020
Land	28.2
Building & Improvements	68.6
Total	96.8
Accumulated Depreciation	$ (14.2)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Office, Constructed 2019
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 124.3
Initial Cost
Land	71.2
Building & Improvements	177.9
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	65.3
Building & Improvements	163.1
Total	228.4
Accumulated Depreciation	$ (10.2)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Office, Constructed 2001 And 2007
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 40.5
Initial Cost
Land	25.3
Building & Improvements	54.8
Costs Capitalized Subsequent to Acquisition
Improvements	4.2
Gross Balance at December 31, 2020
Land	23.8
Building & Improvements	55.7
Total	79.5
Accumulated Depreciation	$ (2.7)
Depreciable Life in Years	39 years
United Kingdom \| Commercial \| Office, Constructed 2004
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 52.4
Initial Cost
Land	25.5
Building & Improvements	74.1
Costs Capitalized Subsequent to Acquisition
Improvements	5.1
Gross Balance at December 31, 2020
Land	24.2
Building & Improvements	75.2
Total	99.4
Accumulated Depreciation	$ (3.5)
Depreciable Life in Years	39 years
United Kingdom \| Development \| Land Acquired 2018
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances
Initial Cost
Land	4.2
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Gross Balance at December 31, 2020
Land	3.8
Building & Improvements	0.4
Total	4.2
Accumulated Depreciation	0
Ireland \| Commercial \| Office, Constructed 2003
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	65.5
Initial Cost
Land	8.2
Building & Improvements	102.6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	6.6
Building & Improvements	83.2
Total	89.8
Accumulated Depreciation	$ (19.8)
Depreciable Life in Years	39 years
Ireland \| Commercial \| Retail, Constructed 1966 And 2005
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 50.9
Initial Cost
Land	52.8
Building & Improvements	49.7
Costs Capitalized Subsequent to Acquisition
Improvements	21.6
Gross Balance at December 31, 2020
Land	42.4
Building & Improvements	60
Total	102.4
Accumulated Depreciation	$ (10.8)
Depreciable Life in Years	39 years
Ireland \| Commercial \| Office 1, Constructed 1980
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 57.3
Initial Cost
Land	20.4
Building & Improvements	73.8
Costs Capitalized Subsequent to Acquisition
Improvements	6.1
Gross Balance at December 31, 2020
Land	16.6
Building & Improvements	65.9
Total	82.5
Accumulated Depreciation	$ (17.2)
Depreciable Life in Years	39 years
Ireland \| Commercial \| Office, Constructed 2009
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 38.6
Initial Cost
Land	4.2
Building & Improvements	64
Costs Capitalized Subsequent to Acquisition
Improvements	2.8
Gross Balance at December 31, 2020
Land	4.1
Building & Improvements	64.1
Total	68.2
Accumulated Depreciation	$ (12.3)
Depreciable Life in Years	39 years
Ireland \| Commercial \| Office, Constructed 1841
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 16.4
Initial Cost
Land	4.9
Building & Improvements	18.5
Costs Capitalized Subsequent to Acquisition
Improvements	8.4
Gross Balance at December 31, 2020
Land	4.5
Building & Improvements	25.6
Total	30.1
Accumulated Depreciation	$ (3.5)
Depreciable Life in Years	39 years
Ireland \| Commercial \| Office, Constructed 1840 and 2000
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 54.8
Initial Cost
Land	11
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	2
Gross Balance at December 31, 2020
Land	10.4
Building & Improvements	54.3
Total	64.7
Accumulated Depreciation	$ (2.5)
Depreciable Life in Years	39 years
Ireland \| Commercial \| Office, Acquired 2015
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 54.3
Initial Cost
Land	0.5
Building & Improvements	3.4
Costs Capitalized Subsequent to Acquisition
Improvements	52
Gross Balance at December 31, 2020
Land	0.5
Building & Improvements	61.6
Total	62.1
Accumulated Depreciation	$ (2.2)
Depreciable Life in Years	39 years
Ireland \| Hotel \| Hotel, Constructed 1824 And 2005
Initial Cost
Land	$ 54
Building & Improvements	114.3
Costs Capitalized Subsequent to Acquisition
Improvements	35
Gross Balance at December 31, 2020
Land	45.9
Building & Improvements	134.5
Total	180.4
Accumulated Depreciation	$ (48.9)
Depreciable Life in Years	39 years
Ireland \| Development \| Office, Acquired 2020
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	1.2
Building & Improvements	0.9
Costs Capitalized Subsequent to Acquisition
Improvements	0.9
Gross Balance at December 31, 2020
Land	1.2
Building & Improvements	0.9
Total	2.1
Accumulated Depreciation	0
Ireland \| Development \| Office 2, Constructed 1980
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost
Land	0
Building & Improvements	9.6
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	0
Building & Improvements	11.4
Total	11.4
Accumulated Depreciation	$ (0.4)
Depreciable Life in Years	39 years
Spain \| Commercial \| Retail, Constructed 1995
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 37.7
Initial Cost
Land	27.1
Building & Improvements	46.2
Costs Capitalized Subsequent to Acquisition
Improvements	13
Gross Balance at December 31, 2020
Land	29.3
Building & Improvements	62.9
Total	92.2
Accumulated Depreciation	$ (11.7)
Depreciable Life in Years	39 years
Italy \| Commercial \| Office Portfolio, Acquired 2015
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	24.8
Building & Improvements	70.1
Costs Capitalized Subsequent to Acquisition
Improvements	0.6
Gross Balance at December 31, 2020
Land	30
Building & Improvements	85.4
Total	115.4
Accumulated Depreciation	$ (17.1)
Depreciable Life in Years	39 years
Pacific Northwest \| Commercial \| Office, Constructed 1999 and 2001
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 77
Initial Cost
Land	30.6
Building & Improvements	106
Costs Capitalized Subsequent to Acquisition
Improvements	3.6
Gross Balance at December 31, 2020
Land	30.6
Building & Improvements	109.6
Total	140.2
Accumulated Depreciation	$ (18.2)
Depreciable Life in Years	39 years
Pacific Northwest \| Multifamily \| 210 Unit Asset, Constructed 2007
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 44.5
Initial Cost
Land	11
Building & Improvements	46.7
Costs Capitalized Subsequent to Acquisition
Improvements	1.6
Gross Balance at December 31, 2020
Land	11
Building & Improvements	48.3
Total	59.3
Accumulated Depreciation	$ (8.4)
Depreciable Life in Years	39 years
Number of units \| Unit	210
Pacific Northwest \| Multifamily \| 264 Unit Asset, Constructed 1997
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 23.6
Initial Cost
Land	6.4
Building & Improvements	44.9
Costs Capitalized Subsequent to Acquisition
Improvements	7
Gross Balance at December 31, 2020
Land	6.4
Building & Improvements	51.9
Total	58.3
Accumulated Depreciation	$ (10.1)
Depreciable Life in Years	39 years
Number of units \| Unit	264
Pacific Northwest \| Multifamily \| 343 Unit Asset, Constructed 2016
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 84
Initial Cost
Land	26.8
Building & Improvements	107.4
Costs Capitalized Subsequent to Acquisition
Improvements	1.7
Gross Balance at December 31, 2020
Land	26.8
Building & Improvements	109.1
Total	135.9
Accumulated Depreciation	$ (17.4)
Depreciable Life in Years	39 years
Number of units \| Unit	343
Pacific Northwest \| Multifamily \| 179 Unit Asset, Constructed 2013
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 33.2
Initial Cost
Land	11.9
Building & Improvements	47.4
Costs Capitalized Subsequent to Acquisition
Improvements	2.3
Gross Balance at December 31, 2020
Land	11.9
Building & Improvements	49.7
Total	61.6
Accumulated Depreciation	$ (8.3)
Depreciable Life in Years	39 years
Number of units \| Unit	179
Pacific Northwest \| Multifamily \| 383 Unit Asset, Constructed 2002 And 2008
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 115
Initial Cost
Land	38.3
Building & Improvements	153
Costs Capitalized Subsequent to Acquisition
Improvements	8.4
Gross Balance at December 31, 2020
Land	38.2
Building & Improvements	161.4
Total	199.6
Accumulated Depreciation	$ (9.9)
Depreciable Life in Years	39 years
Number of units \| Unit	383
Pacific Northwest \| Multifamily \| 164 Unit Asset, Constructed 2020
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 43
Initial Cost
Land	14.8
Building & Improvements	59.1
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2020
Land	14.8
Building & Improvements	59.5
Total	74.3
Accumulated Depreciation	$ (3.4)
Depreciable Life in Years	39 years
Number of units \| Unit	164
Northern California \| Commercial \| Office, Constructed 2000
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 60.3
Initial Cost
Land	23.5
Building & Improvements	57.3
Costs Capitalized Subsequent to Acquisition
Improvements	8.7
Gross Balance at December 31, 2020
Land	23.5
Building & Improvements	66
Total	89.5
Accumulated Depreciation	$ (7)
Depreciable Life in Years	39 years
Northern California \| Multifamily \| 1008 Unit Asset, Constructed 1988
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 175
Initial Cost
Land	62.3
Building & Improvements	152.5
Costs Capitalized Subsequent to Acquisition
Improvements	30.5
Gross Balance at December 31, 2020
Land	62.3
Building & Improvements	183
Total	245.3
Accumulated Depreciation	$ (54.6)
Depreciable Life in Years	39 years
Number of units \| Unit	1,008
Mountain West \| Multifamily \| 366 Unit Asset, Constructed 2000
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 77.8
Initial Cost
Land	9.1
Building & Improvements	36.3
Costs Capitalized Subsequent to Acquisition
Improvements	15.5
Gross Balance at December 31, 2020
Land	9.1
Building & Improvements	51.9
Total	61
Accumulated Depreciation	$ (22.6)
Depreciable Life in Years	39 years
Number of units \| Unit	366
Mountain West \| Multifamily \| 204 Unit Asset, Constructed 1999
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 32.5
Initial Cost
Land	2
Building & Improvements	17.6
Costs Capitalized Subsequent to Acquisition
Improvements	5
Gross Balance at December 31, 2020
Land	2
Building & Improvements	22.7
Total	24.7
Accumulated Depreciation	$ (6.5)
Depreciable Life in Years	39 years
Number of units \| Unit	204
Mountain West \| Multifamily \| 168 Unit Asset, Constructed 1992
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10.9
Initial Cost
Land	1.8
Building & Improvements	13.1
Costs Capitalized Subsequent to Acquisition
Improvements	4.6
Gross Balance at December 31, 2020
Land	1.8
Building & Improvements	17.7
Total	19.5
Accumulated Depreciation	$ (5.4)
Depreciable Life in Years	39 years
Number of units \| Unit	168
Mountain West \| Multifamily \| 300 Unit Asset, Constructed 1995
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 39
Initial Cost
Land	4.8
Building & Improvements	29.2
Costs Capitalized Subsequent to Acquisition
Improvements	7.2
Gross Balance at December 31, 2020
Land	4.8
Building & Improvements	36.4
Total	41.2
Accumulated Depreciation	$ (8.1)
Depreciable Life in Years	39 years
Number of units \| Unit	300
Mountain West \| Multifamily \| 172 Unit Asset, Acquired 2018
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 29.4
Initial Cost
Land	0.2
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	65.7
Building & Improvements	0
Total	65.7
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Number of units \| Unit	172
Mountain West \| Multifamily \| 88 Unit Asset, Constructed 1988
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8.6
Initial Cost
Land	2.6
Building & Improvements	10.4
Costs Capitalized Subsequent to Acquisition
Improvements	2.1
Gross Balance at December 31, 2020
Land	2.6
Building & Improvements	12.6
Total	15.2
Accumulated Depreciation	$ (2.8)
Depreciable Life in Years	39 years
Number of units \| Unit	88
Mountain West \| Multifamily \| 492 Unit Asset, Constructed 1985
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 59.1
Initial Cost
Land	15.8
Building & Improvements	63.2
Costs Capitalized Subsequent to Acquisition
Improvements	9.1
Gross Balance at December 31, 2020
Land	15.8
Building & Improvements	72.4
Total	88.2
Accumulated Depreciation	$ (14.3)
Depreciable Life in Years	39 years
Number of units \| Unit	492
Mountain West \| Multifamily \| 66 Unit Asset, Constructed 2021
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8
Initial Cost
Land	0.8
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Gross Balance at December 31, 2020
Land	0.7
Building & Improvements	9.3
Total	10
Accumulated Depreciation	$ (0.8)
Depreciable Life in Years	39 years
Number of units \| Unit	66
Mountain West \| Multifamily \| 89 Unit Asset, Acquired 2018
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 17.7
Initial Cost
Land	2.1
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0.1
Gross Balance at December 31, 2020
Land	2
Building & Improvements	21.5
Total	23.5
Accumulated Depreciation	$ (0.7)
Depreciable Life in Years	39 years
Number of units \| Unit	89
Mountain West \| Multifamily \| 188 Unit Asset, Constructed 1985
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.5
Initial Cost
Land	4.9
Building & Improvements	19.7
Costs Capitalized Subsequent to Acquisition
Improvements	9.1
Gross Balance at December 31, 2020
Land	4.9
Building & Improvements	28.8
Total	33.7
Accumulated Depreciation	$ (6.2)
Depreciable Life in Years	39 years
Number of units \| Unit	188
Mountain West \| Multifamily \| 120 Unit Asset, Constructed 2001
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 32.3
Initial Cost
Land	5.7
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0.7
Gross Balance at December 31, 2020
Land	1.9
Building & Improvements	38.3
Total	40.2
Accumulated Depreciation	$ (3.3)
Depreciable Life in Years	39 years
Number of units \| Unit	120
Mountain West \| Multifamily \| 277 Unit Asset, Constructed 2001
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 62.2
Initial Cost
Land	4
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	6.7
Gross Balance at December 31, 2020
Land	2.7
Building & Improvements	55.2
Total	57.9
Accumulated Depreciation	$ (7)
Depreciable Life in Years	39 years
Number of units \| Unit	277
Mountain West \| Multifamily \| 10 Unit Asset, Constructed 2021
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	0
Building & Improvements	2.3
Total	2.3
Accumulated Depreciation	$ (0.2)
Depreciable Life in Years	39 years
Number of units \| Unit	10
Mountain West \| Multifamily \| 260 Unit Asset, Constructed 2014
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 39
Initial Cost
Land	13.4
Building & Improvements	53.6
Costs Capitalized Subsequent to Acquisition
Improvements	3.6
Gross Balance at December 31, 2020
Land	13.4
Building & Improvements	57.2
Total	70.6
Accumulated Depreciation	$ (5.1)
Depreciable Life in Years	39 years
Number of units \| Unit	260
Mountain West \| Multifamily \| 280 Unit Asset, Constructed 2019
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 39.6
Initial Cost
Land	13.3
Building & Improvements	53.2
Costs Capitalized Subsequent to Acquisition
Improvements	0.3
Gross Balance at December 31, 2020
Land	13.3
Building & Improvements	53.5
Total	66.8
Accumulated Depreciation	$ (3.7)
Depreciable Life in Years	39 years
Number of units \| Unit	280
Mountain West \| Multifamily \| Land, Acquired 2021
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	6.7
Building & Improvements	0
Total	6.7
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Mountain West \| Multifamily \| 344 Unit Asset, Constructed 1985
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 39.2
Initial Cost
Land	13
Building & Improvements	52.1
Costs Capitalized Subsequent to Acquisition
Improvements	5.4
Gross Balance at December 31, 2020
Land	13
Building & Improvements	57.5
Total	70.5
Accumulated Depreciation	$ (4.3)
Depreciable Life in Years	39 years
Number of units \| Unit	344
Mountain West \| Multifamily \| 240 Unit Asset, Acquired 2021
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 36.9
Initial Cost
Land	4.6
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	22.8
Building & Improvements	35.6
Total	58.4
Accumulated Depreciation	$ (0.5)
Depreciable Life in Years	39 years
Number of units \| Unit	240
Mountain West \| Multifamily \| 240 Unit Asset, Constructed 2020
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 45.1
Initial Cost
Land	11.1
Building & Improvements	44.2
Costs Capitalized Subsequent to Acquisition
Improvements	1.1
Gross Balance at December 31, 2020
Land	11.1
Building & Improvements	45.9
Total	57
Accumulated Depreciation	$ (3.2)
Depreciable Life in Years	39 years
Number of units \| Unit	240
Mountain West \| Multifamily \| 160 Unit Asset, Constructed 1990 And 1998
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13.9
Initial Cost
Land	4.5
Building & Improvements	18
Costs Capitalized Subsequent to Acquisition
Improvements	0.4
Gross Balance at December 31, 2020
Land	4.5
Building & Improvements	18.5
Total	23
Accumulated Depreciation	$ (1.3)
Depreciable Life in Years	39 years
Number of units \| Unit	160
Mountain West \| Multifamily \| 332 Unit Asset, Constructed 2002
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 76.2
Initial Cost
Land	26.7
Building & Improvements	106.9
Costs Capitalized Subsequent to Acquisition
Improvements	3.4
Gross Balance at December 31, 2020
Land	26.7
Building & Improvements	110.2
Total	136.9
Accumulated Depreciation	$ (6.8)
Depreciable Life in Years	39 years
Number of units \| Unit	332
Mountain West \| Multifamily \| 528 Unit Asset, Constructed 1989 And 1990
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 102
Initial Cost
Land	31.1
Building & Improvements	124.4
Costs Capitalized Subsequent to Acquisition
Improvements	6.8
Gross Balance at December 31, 2020
Land	31.1
Building & Improvements	131.2
Total	162.3
Accumulated Depreciation	$ (7.3)
Depreciable Life in Years	39 years
Number of units \| Unit	528
Mountain West \| Multifamily \| 210 Unit Asset, Acquired 2021
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 36.4
Initial Cost
Land	8
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	53.3
Building & Improvements	0
Total	53.3
Accumulated Depreciation	$ 0
Depreciable Life in Years	39 years
Number of units \| Unit	210
Mountain West \| Multifamily \| 350 Unit Asset, Constructed 1985
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 64.9
Initial Cost
Land	33.2
Building & Improvements	132.6
Costs Capitalized Subsequent to Acquisition
Improvements	5.6
Gross Balance at December 31, 2020
Land	33.2
Building & Improvements	138.2
Total	171.4
Accumulated Depreciation	$ (6.2)
Depreciable Life in Years	39 years
Number of units \| Unit	350
Mountain West \| Multifamily \| 404 Unit Asset, Constructed 1996
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 61.6
Initial Cost
Land	29.6
Building & Improvements	118.3
Costs Capitalized Subsequent to Acquisition
Improvements	2.1
Gross Balance at December 31, 2020
Land	29.6
Building & Improvements	120.4
Total	150
Accumulated Depreciation	$ (5.3)
Depreciable Life in Years	39 years
Number of units \| Unit	404
Mountain West \| Multifamily \| 356 Unit Asset, Constructed 1995 And 2008
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 41
Initial Cost
Land	20.8
Building & Improvements	83.1
Costs Capitalized Subsequent to Acquisition
Improvements	4.5
Gross Balance at December 31, 2020
Land	20.8
Building & Improvements	87.6
Total	108.4
Accumulated Depreciation	$ (3.9)
Depreciable Life in Years	39 years
Number of units \| Unit	356
Mountain West \| Multifamily \| 260 Unit Asset, Constructed 2013
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 34.3
Initial Cost
Land	15.7
Building & Improvements	62.6
Costs Capitalized Subsequent to Acquisition
Improvements	1.5
Gross Balance at December 31, 2020
Land	15.6
Building & Improvements	64.1
Total	79.7
Accumulated Depreciation	$ (2.4)
Depreciable Life in Years	39 years
Number of units \| Unit	260
Hawaii \| Development \| Three Lots, Acquired 2020
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	16.5
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	16.5
Building & Improvements	0
Total	16.5
Accumulated Depreciation	$ 0
Number of lots \| lot	3
Hawaii \| Land
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost
Land	0.7
Building & Improvements	0
Costs Capitalized Subsequent to Acquisition
Improvements	0
Gross Balance at December 31, 2020
Land	0.7
Building & Improvements	0
Total	0.7
Accumulated Depreciation	$ 0

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at the beginning of period	$ 5,775.3	$ 5,567.3	$ 5,207.7
Additions during the period:
Other acquisitions		167.6	137.3
Improvements	218.6	604.2	1,110.4
Foreign currency	90.9	(226)	(91.8)
Deductions during the period:
Cost of real estate sold	(566.1)	(337.8)	(796.3)
Balance at close of period	$ 5,518.7	$ 5,775.3	$ 5,567.3

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at the beginning of period	$ 619.6	$ 564	$ 551.8
Additions during the period:
Depreciation expense	136.5	133.8	30.9
Deductions during the period:
Dispositions	(66.5)	(50.8)	(11.1)
Foreign currency	12.5	(27.4)	(7.6)
Balance at close of period	$ 702.1	$ 619.6	$ 564

Schedule IV - Mortgage Loans _2

Schedule IV - Mortgage Loans on Real Estate - Investment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 259.8
Carrying Amount	254.2	$ 149.4	$ 130.3
CECL Reserve	(7)
Total Loans, net	247.2
Construction Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	118.9
Carrying Amount	113.3
Construction Loans \| Multifamily
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	86.5
Carrying Amount	$ 82.3
Construction Loans \| Multifamily \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	3.85%
Construction Loans \| Multifamily \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	6.40%
Construction Loans \| Student Housing
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 13.7
Carrying Amount	$ 13.3
Construction Loans \| Student Housing \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	4.95%
Construction Loans \| Student Housing \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.76%
Construction Loans \| Hotel
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 8
Carrying Amount	$ 7.7
Construction Loans \| Hotel \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	4.90%
Construction Loans \| Hotel \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	6.31%
Construction Loans \| Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 6.9
Carrying Amount	$ 6.4
Construction Loans \| Other \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	4.85%
Construction Loans \| Other \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	7.40%
Construction Loans \| Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 3.8
Carrying Amount	$ 3.6
Construction Loans \| Industrial \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.40%
Construction Loans \| Industrial \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.76%
Bridge Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 132.2
Carrying Amount	$ 132.2
Bridge Loans greater than 3% of the carrying amount of total loans \| Multifamily
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	4.75%
Principal Amount	$ 7.7
Carrying Amount	$ 7.7
Bridge Loans greater than 3% of the carrying amount of total loans \| Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	3.50%
Principal Amount	$ 14.3
Carrying Amount	$ 14.3
Bridge Loans greater than 3% of the carrying amount of total loans \| Office building \| Northern California
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	6.88%
Principal Amount	$ 8.7
Carrying Amount	8.7
Bridge Loans greater than 3% of the carrying amount of total loans \| Office building \| Southern California
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	8.1
Carrying Amount	$ 8.1
Bridge Loans greater than 3% of the carrying amount of total loans \| Office building \| Secured Overnight Financing Rate (SOFR) \| Southern California
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.60%
Bridge Loans less than 3% of the carrying amount of total loans \| Multifamily
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 12.4
Carrying Amount	$ 12.4
Bridge Loans less than 3% of the carrying amount of total loans \| Multifamily \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.85%
Bridge Loans less than 3% of the carrying amount of total loans \| Multifamily \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	7.75%
Bridge Loans less than 3% of the carrying amount of total loans \| Hotel
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 23.6
Carrying Amount	$ 23.6
Bridge Loans less than 3% of the carrying amount of total loans \| Hotel \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	6.30%
Bridge Loans less than 3% of the carrying amount of total loans \| Hotel \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	8.36%
Bridge Loans less than 3% of the carrying amount of total loans \| Other
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 7.3
Carrying Amount	$ 7.3
Bridge Loans less than 3% of the carrying amount of total loans \| Other \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	2.81%
Bridge Loans less than 3% of the carrying amount of total loans \| Other \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.85%
Bridge Loans less than 3% of the carrying amount of total loans \| Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 11.6
Carrying Amount	$ 11.6
Bridge Loans less than 3% of the carrying amount of total loans \| Retail \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.60%
Bridge Loans less than 3% of the carrying amount of total loans \| Retail \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	6.46%
Bridge Loans less than 3% of the carrying amount of total loans \| Office building
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 14.4
Carrying Amount	$ 14.4
Bridge Loans less than 3% of the carrying amount of total loans \| Office building \| Secured Overnight Financing Rate (SOFR) \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	3.36%
Bridge Loans less than 3% of the carrying amount of total loans \| Office building \| Secured Overnight Financing Rate (SOFR) \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	5.75%
Bridge Loans less than 3% of the carrying amount of total loans \| Office Building And Multifamily
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 24.1
Carrying Amount	$ 24.1
Bridge Loans less than 3% of the carrying amount of total loans \| Office Building And Multifamily \| Minimum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	3.50%
Bridge Loans less than 3% of the carrying amount of total loans \| Office Building And Multifamily \| Maximum
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	13%
Other Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Principal Amount	$ 8.7
Carrying Amount	$ 8.7
Other Loans \| Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	6%
Principal Amount	$ 8
Carrying Amount	$ 8
Other Loans \| Diversified Property
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	4.25%
Principal Amount	$ 0.7
Carrying Amount	$ 0.7
Other Loans \| Diversified Property \| Secured Overnight Financing Rate (SOFR)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Interest Rates	2.50%

Schedule IV - Mortgage Loans _3

Schedule IV - Mortgage Loans on Real Estate - Investment Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Beginning balance	$ 149.4	$ 130.3
Originations and fundings	43.8	50.2
Construction loan portfolio acquisition	115.6
Construction loan portfolio acquisition discount	(9.2)
Proceeds from sales and repayments	(48.9)	(31.1)
Accretion of loan discount and other amortization, net	3.5	0.6
Foreign exchange movements		(0.6)
Ending balance	254.2	$ 149.4
CECL Reserve	(7)
Total Loans, net	$ 247.2