The following tables summarize income activity by segment and corporate for the three and six months ended June 30, 2016 and 2015 and balance sheet data as of June 30, 2016 and December 31, 2015:



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2016			2015			2016			2015
Investments
Rental	$	120.3		$	98.3		$	240.2		$	188.7
Hotel	26.8			23.3			55.9			46.7
Sale of real estate	12.3			—			14.2			2.1
Loan purchases, loan originations and other	3.6			3.4			5.8			8.8
Total revenue	163.0			125.0			316.1			246.3
Operating expenses	(86.1		)	(73.7		)	(161.3		)	(133.5		)
Depreciation and amortization	(48.9		)	(38.0		)	(97.3		)	(74.6		)
Income from unconsolidated investments	7.2			15.9			25.3			25.6
Operating income	35.2			29.2			82.8			63.8
Gain on sale of real estate	16.1			34.5			54.5			40.1
Acquisition-related gains	8.6			53.1			8.6			57.3
Acquisition-related expenses	(6.3		)	(2.0		)	(8.4		)	(20.1		)
Interest expense - investments	(33.6		)	(27.2		)	(66.1		)	(46.6		)
Other	5.0			2.8			5.7			3.6
Income before provision for income taxes	25.0			90.4			77.1			98.1
Provision for income taxes	(3.2		)	—			(4.2		)	—
Net income	21.8			90.4			72.9			98.1
Net (income) loss attributable to the noncontrolling interests	1.2			2.8			(26.2		)	4.2
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	23.0		$	93.2		$	46.7		$	102.3



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2016			2015			2016			2015
Investment Management and Real Estate Services
Investment management, property services and research fees (includes $6.5, $9.2, $17.5 and $18.7 of related party fees, respectively)	$	13.5		$	15.5		$	32.6		$	31.9
Total revenue	13.5			15.5			32.6			31.9
Operating expenses	(13.5		)	(13.7		)	(29.4		)	(28.1		)
Income from unconsolidated investments	1.2			1.1			2.3			2.6
Operating income	1.2			2.9			5.5			6.4
Net income (loss) attributable to the noncontrolling interests	—			(1.0		)	—			0.4
Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	1.2		$	1.9		$	5.5		$	6.8



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2016			2015			2016			2015
Corporate
Operating expenses	$	(20.1	)	$	(16.5	)	$	(43.5	)	$	(27.1	)
Operating loss	(20.1		)	(16.5		)	(43.5		)	(27.1		)
Interest expense-corporate	(12.2		)	(10.8		)	(24.3		)	(23.8		)
Loss before provision for income taxes	(32.3		)	(27.3		)	(67.8		)	(50.9		)
Provision for (benefit from) income taxes	7.1			(36.1		)	7.6			(28.0		)
Net loss	(25.2		)	(63.4		)	(60.2		)	(78.9		)
Preferred dividends and accretion of preferred stock issuance costs	(0.5		)	(0.6		)	(1.1		)	(2.6		)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	(25.7	)	$	(64.0	)	$	(61.3	)	$	(81.5	)



	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in millions)	2016			2015			2016			2015
Consolidated
Rental	$	120.3		$	98.3		$	240.2		$	188.7
Hotel	26.8			23.3			55.9			46.7
Sale of real estate	12.3			—			14.2			2.1
Investment management, property services and research fees (includes $6.5, $9.2, $17.5 and $18.7 of related party fees)	13.5			15.5			32.6			31.9
Loans and other	3.6			3.4			5.8			8.8
Total revenue	176.5			140.5			348.7			278.2
Operating expenses	(119.7		)	(103.9		)	(234.2		)	(188.7		)
Depreciation and amortization	(48.9		)	(38.0		)	(97.3		)	(74.6		)
Total operating expenses	(168.6		)	(141.9		)	(331.5		)	(263.3		)
Income from unconsolidated investments	8.4			17.0			27.6			28.2
Operating income	16.3			15.6			44.8			43.1
Gain on sale of real estate	16.1			34.5			54.5			40.1
Acquisition-related gain	8.6			53.1			8.6			57.3
Acquisition-related expenses	(6.3		)	(2.0		)	(8.4		)	(20.1		)
Interest expense - investment	(33.6		)	(27.2		)	(66.1		)	(46.6		)
Interest expense - corporate	(12.2		)	(10.8		)	(24.3		)	(23.8		)
Other	5.0			2.8			5.7			3.6
(Loss) income before benefit from income taxes	(6.1		)	66.0			14.8			53.6
Provision for (benefit from) income taxes	3.9			(36.1		)	3.4			(28.0		)
Net (loss) income	(2.2		)	29.9			18.2			25.6
Net loss (income) attributable to the noncontrolling interests	1.1			1.9			(26.2		)	4.7
Preferred dividends and accretion of preferred stock issuance costs	(0.5		)	(0.6		)	(1.1		)	(2.6		)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	(1.6	)	$	31.2		$	(9.1	)	$	27.7



(Dollars in millions)	June 30, 2016		December 31, 2015
Total Assets
Investments	$	7,474.1	$	7,418.6
Investment management and real estate services	85.0		58.1
Corporate	137.2		118.9
Total assets	$	7,696.3	$	7,595.6