Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables summarize income activity by segment and corporate for the three and six months ended June 30, 2020 and 2019 and balance sheet data as of June 30, 2020 and December 31, 2019:

	Three Months Ended June 30, 2020
(Dollars in millions)	Consolidated			Co-Investments		Corporate			Total
Revenue
Rental	$	98.9		$	—	$	—		$	98.9
Hotel	0.1			—		—			0.1
Investment management and property services fees	—			5.2		2.7			7.9
Total revenue	99.0			5.2		2.7			106.9
Expenses
Rental	32.0			—		—			32.0
Hotel	2.2			—		—			2.2
Commission and marketing	—			—		0.9			0.9
Compensation and related	9.0			4.9		13.5			27.4
General and administrative	4.2			1.6		2.2			8.0
Depreciation and amortization	45.3			—		—			45.3
Total expenses	92.7			6.5		16.6			115.8
Income from unconsolidated investments, net of depreciation and amortization	—			19.2		—			19.2
Loss on sale of real estate, net	(0.5		)	—		—			(0.5		)
Transaction-related expenses	(0.3		)	—		—			(0.3		)
Interest expense	(33.6		)	—		(18.1		)	(51.7		)
Other (loss) income	(0.4		)	—		0.3			(0.1		)
(Provision for) benefit from income taxes	(2.5		)	—		5.7			3.2
Net (loss) income	(31.0		)	17.9		(26.0		)	(39.1		)
Net loss attributable to noncontrolling interests	1.3			—		—			1.3
Preferred dividends	—			—		(4.3		)	(4.3		)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	(29.7	)	$	17.9	$	(30.3	)	$	(42.1	)

	Three Months Ended June 30, 2019
(Dollars in millions)	Consolidated			Co-Investments		Corporate			Total
Revenue
Rental	$	112.0		$	—	$	—		$	112.0
Hotel	22.8			—		—			22.8
Investment management and property services fees	—			4.7		4.2			8.9
Total revenue	134.8			4.7		4.2			143.7
Expenses
Rental	33.3			—		—			33.3
Hotel	15.7			—		—			15.7
Commission and marketing	—			—		0.7			0.7
Compensation and related	17.0			3.9		16.1			37.0
General and administrative	7.0			1.1		2.8			10.9
Depreciation and amortization	46.2			—		—			46.2
Total expenses	119.2			5.0		19.6			143.8
Income from unconsolidated investments, net of depreciation and amortization	—			5.9		—			5.9
Gain on sale of real estate, net	211.2			—		—			211.2
Transaction-related expenses	(1.1		)	—		—			(1.1		)
Interest expense	(37.3		)	—		(18.4		)	(55.7		)
Other income	1.2			—		0.7			1.9
Provision for income taxes	(1.5		)	—		(19.4		)	(20.9		)
Net income (loss)	188.1			5.6		(52.5		)	141.2
Net income attributable to noncontrolling interests	(90.4		)	—		—			(90.4		)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	97.7		$	5.6	$	(52.5	)	$	50.8

	Six Months Ended June 30, 2020
(Dollars in millions)	Consolidated			Co-Investments		Corporate			Total
Revenue
Rental	$	206.6		$	—	$	—		$	206.6
Hotel	7.3			—		—			7.3
Investment management and property services fees	—			9.7		6.6			16.3
Total revenue	213.9			9.7		6.6			230.2
Expenses
Rental	68.7			—		—			68.7
Hotel	8.2			—		—			8.2
Commission and marketing	—			—		1.6			1.6
Compensation and related	20.9			9.5		28.4			58.8
General and administrative	9.8			3.3		4.4			17.5
Depreciation and amortization	90.8			—					90.8
Total expenses	198.4			12.8		34.4			245.6
Income from unconsolidated investments, net of depreciation and amortization	—			30.1		—			30.1
Loss on sale of real estate, net	43.7			—		—			43.7
Transaction-related expenses	(0.5		)	—		—			(0.5		)
Interest expense	(67.0		)	—		(33.5		)	(100.5		)
Other (loss) income	(1.1		)	—		1.2			0.1
(Provision for) benefit from income taxes	(7.6		)	—		5.1			(2.5		)
Net (loss) income	(17.0		)	27.0		(55.0		)	(45.0		)
Net loss attributable to noncontrolling interests	1.6			—		—			1.6
Preferred dividends	—			—		(8.6		)	(8.6		)
Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	(15.4	)	$	27.0	$	(63.6	)	$	(52.0	)

	Six Months Ended June 30, 2019
(Dollars in millions)	Consolidated			Co-Investments		Corporate			Total
Revenue
Rental	$	227.8		$	—	$	—		$	227.8
Hotel	37.8			—		—			37.8
Sale of real estate	1.1			—		—			1.1
Investment management and property services fees	—			9.8		7.9			17.7
Total revenue	266.7			9.8		7.9			284.4
Expenses
Rental	74.3			—		—			74.3
Hotel	30.3			—		—			30.3
Cost of real estate sold	1.2			—		—			1.2
Commission and marketing	—			—		1.7			1.7
Compensation and related	28.0			10.5		33.8			72.3
General and administrative	12.9			3.5		5.4			21.8
Depreciation and amortization	95.3			—		—			95.3
Total expenses	242.0			14.0		40.9			296.9
Income from unconsolidated investments, net of depreciation and amortization	—			47.6		—			47.6
Gain on sale of real estate, net	246.1			—		—			246.1
Transaction-related expenses	(1.9		)	—		—			(1.9		)
Interest expense	(74.4		)	—		(36.6		)	(111.0		)
Other (loss) income	(1.6		)	—		1.0			(0.6		)
Provision for income taxes	(3.6		)	—		(21.3		)	(24.9		)
Net income (loss)	189.3			43.4		(89.9		)	142.8
Net income attributable to noncontrolling interests	(97.3		)	—		—			(97.3		)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	92.0		$	43.4	$	(89.9	)	$	45.5

(Dollars in millions)	June 30, 2020		December 31, 2019
Total assets
Consolidated	$	5,386.3	$	5,671.6
Co-investment	1,276.1		1,334.6
Corporate	407.1		298.3
Total assets	$	7,069.5	$	7,304.5