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Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Segment Presentation
    The Company evaluates its reportable segments in accordance with the guidance of ASC Topic 280, Segment Reporting, which aligns with how the business is being run and evaluated by the chief operating decision makers.
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; and (ii) the fees (including, without limitation, asset management fees and construction management fees); and (iii) carried interests that it earns on its fee bearing capital. The Company typically owns a 5-50% 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 and the Company's auction group.     
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 office and multifamily 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) carried interests 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.
The following tables summarize income activity by segment and corporate for the three and six months ended June 30, 2024 and 2023 and balance sheet data as of June 30, 2024 and December 31, 2023:
Three Months Ended June 30, 2024
(Dollars in millions)ConsolidatedCo-InvestmentsCorporateTotal
Revenue
Rental$97.8 $— $— $97.8 
Investment management fees— 26.1 — 26.1 
Loans— 8.0 — 8.0 
Other— — 0.1 0.1 
Total revenue97.8 34.1 0.1 132.0 
Loss from unconsolidated investments
Principal co-investments— (5.8)— (5.8)
Carried interests— (12.3)— (12.3)
Loss from unconsolidated investments— (18.1)— (18.1)
Gain on sale of real estate, net0.2 — — 0.2 
Expenses
Rental37.0 — — 37.0 
Compensation and related7.8 14.0 10.0 31.8 
Carried interests compensation — (4.5)— (4.5)
General and administrative3.3 4.5 1.7 9.5 
Depreciation and amortization36.4 — — 36.4 
Total expenses84.5 14.0 11.7 110.2 
Interest expense(39.4)— (24.4)(63.8)
Loss on extinguishment of debt(0.5)— — (0.5)
Other income (loss) 0.3 (3.0)3.0 0.3 
(Provision for) benefit from income taxes(2.2)— 14.0 11.8 
Net loss(28.3)(1.0)(19.0)(48.3)
Net loss attributable to noncontrolling interests0.1 — — 0.1 
Preferred dividends — — (10.9)(10.9)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(28.2)$(1.0)$(29.9)$(59.1)
Six Months Ended June 30, 2024
(Dollars in millions)ConsolidatedCo-InvestmentsCorporateTotal
Revenue
Rental$195.2 $— $— $195.2 
Hotel9.3 — — 9.3 
Investment management fees— 47.4 — 47.4 
Loans— 16.1 — 16.1 
Other— — 0.4 0.4 
Total revenue204.5 63.5 0.4 268.4 
Income (loss) from unconsolidated investments
Principal co-investments— 3.9 — 3.9 
Carried interests— (28.7)— (28.7)
Loss from unconsolidated investments— (24.8)— (24.8)
Gain on sale of real estate, net106.6 — — 106.6 
Expenses
Rental74.2 — — 74.2 
Hotel7.6 — — 7.6 
Compensation and related17.5 22.1 19.8 59.4 
Carried interests compensation — (10.0)— (10.0)
General and administrative7.1 7.4 3.3 17.8 
Depreciation and amortization75.3 — — 75.3 
Total expenses181.7 19.5 23.1 224.3 
Interest expense(79.3)— (49.2)(128.5)
Loss on extinguishment of debt(0.2)— — (0.2)
Other income (loss)3.0 (8.5)12.6 7.1 
(Provision for) benefit from income taxes(14.4)— (0.5)(14.9)
Net income (loss) 38.5 10.7 (59.8)(10.6)
Net loss attributable to noncontrolling interests0.2 — — 0.2 
Preferred dividends — — (21.8)(21.8)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders$38.7 $10.7 $(81.6)$(32.2)
Three Months Ended June 30, 2023
(Dollars in millions)ConsolidatedCo-InvestmentsCorporateTotal
Revenue
Rental$106.6 $— $— $106.6 
Hotel15.5 — — 15.5 
Investment management fees— 19.1 — 19.1 
Loans— 4.7 — 4.7 
Other— — 0.6 0.6 
Total revenue122.1 23.8 0.6 146.5 
Income (loss) from unconsolidated investments
Principal co-investments— 6.3 — 6.3 
Carried interests— (7.7)— (7.7)
Income from unconsolidated investments— (1.4)— (1.4)
Gain on sale of real estate, net89.0 — — 89.0 
Expenses
Rental38.7 — — 38.7 
Hotel9.7 — — 9.7 
Compensation and related13.4 10.1 13.5 37.0 
Carried interests compensation — (1.1)— (1.1)
General and administrative4.3 2.5 1.9 8.7 
Depreciation and amortization40.1 — — 40.1 
Total expenses106.2 11.5 15.4 133.1 
Interest expense(41.0)— (25.0)(66.0)
Loss on extinguishment(1.7)— — (1.7)
Other income13.0 — 11.3 24.3 
Provision for income taxes(6.2)— (4.1)(10.3)
Net income (loss) 69.0 10.9 (32.6)47.3 
Net loss attributable to noncontrolling interests0.1 — — 0.1 
Preferred dividends— — (8.4)(8.4)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders$69.1 $10.9 $(41.0)$39.0 
Six Months Ended June 30, 2023
(Dollars in millions)ConsolidatedCo-InvestmentsCorporateTotal
Revenue
Rental$213.2 $— $— $213.2 
Hotel26.1 — — 26.1 
Investment management fees— 30.1 — 30.1 
Loans— 8.4 — 8.4 
Other— — 0.9 0.9 
Total revenue239.3 38.5 0.9 278.7 
Income (loss) from unconsolidated investments
Principal co-investments— 22.7 — 22.7 
Carried interests— (18.4)— (18.4)
Income from unconsolidated investments— 4.3 — 4.3 
Gain on sale of real estate, net108.2 — — 108.2 
Expenses
Rental75.3 — — 75.3 
Hotel17.6 — — 17.6 
Compensation and related23.2 18.5 25.9 67.6 
Carried interests compensation— 0.5 — 0.5 
General and administrative7.9 5.7 3.5 17.1 
Depreciation and amortization79.5 — — 79.5 
Total expenses203.5 24.7 29.4 257.6 
Interest expense(78.2)— (50.1)(128.3)
Loss on extinguishment of debt(1.6)— — (1.6)
Other income12.0 — 9.3 21.3 
(Provision for) benefit from income taxes(8.0)— 1.6 (6.4)
Net income (loss) 68.2 18.1 (67.7)18.6 
Net income attributable to noncontrolling interests(4.1)— — (4.1)
Preferred dividends — — (16.3)(16.3)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders$64.1 $18.1 $(84.0)$(1.8)
(Dollars in millions)June 30, 2024December 31, 2023
Total assets
Consolidated$5,056.0 $5,196.3 
Co-investment2,304.3 2,316.3 
Corporate135.0 199.5 
Total assets$7,495.3 $7,712.1