Unconsolidated Investments (Tables)

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Joint Ventures by Investment Type and Geographic Location

The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of September 30, 2023:

(Dollars in millions)	Multifamily		Commercial		Hotel		Funds		Residential and Other		Total
Western U.S.	$	879.6	$	74.7	$	250.8	$	109.7	$	156.8	$	1,471.6
Ireland	370.2		181.3		—		5.7		—		557.2
United Kingdom	—		138.3		—		39.2		26.4		203.9
Total	$	1,249.8	$	394.3	$	250.8	$	154.6	$	183.2	$	2,232.7

    The following table details 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

Schedule of Joint Venture Cash Distributions by Investment Type and Geographic Location

The following table details cash distributions by investment type and geographic location for the nine months ended September 30, 2023:

	Multifamily				Commercial				Funds				Residential and Other				Total
(Dollars in millions)	Operating		Investing		Operating		Investing		Operating		Investing		Operating		Investing		Operating		Investing
Western U.S.	$	27.3	$	31.5	$	6.9	$	—	$	4.8	$	4.1	$	0.7	$	3.0	$	39.7	$	38.6
Ireland	6.8		—		6.4		—		—		11.0		—		—		13.2		11.0
United Kingdom	—		—		—		—		—		—		0.6		—		0.6		—
Total	$	34.1	$	31.5	$	13.3	$	—	$	4.8	$	15.1	$	1.3	$	3.0	$	53.5	$	49.6

Schedule of (Loss) Income from Unconsolidated Investments

The following table presents (loss) income from unconsolidated investments recorded by Kennedy Wilson during the three and nine months ended September 30, 2023 and 2022:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in millions)	2023		2022		2023		2022
Income from unconsolidated investments - operating performance	$	4.5	$	19.9	$	39.9	$	65.0
Income from unconsolidated investments - realized gains	—		4.6		—		4.6
(Loss) income from unconsolidated investments - fair value	(60.6)		5.8		(73.3)		78.3
(Loss) income from unconsolidated investments - performance allocations	(17.9)		(18.0)		(36.3)		0.5
	$	(74.0)	$	12.3	$	(69.7)	$	148.4