Earnings Per Share

3 Months Ended

Mar. 31, 2024

Basic earnings (loss) 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 (loss) per share for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31,
(Dollars in millions, except share and per share amounts)	2024		2023
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$	26.9	$	(40.8)

Weighted average shares outstanding for basic	138,472,579		137,949,018
Basic earnings (loss) per basic share	$	0.19	$	(0.30)
Weighted average shares outstanding for diluted(1)	138,628,139		137,949,018
Diluted earnings (loss) per diluted share	$	0.19	$	(0.30)

(1)For the three months ended March 31, 2024 and 2023, a total of 40,103,280 and 16,253,806 potentially dilutive securities, respectively, have not been included in the diluted weighted average shares as they are anti-dilutive.