Kennedy-Wilson (KW) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-33824
Entity Registrant Name	Kennedy-Wilson Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0508760
Entity Address, Address Line One	151 S El Camino Drive
Entity Address, City or Town	Beverly Hills
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90212
City Area Code	310
Local Phone Number	887-6400
Title of 12(b) Security	Common stock, $.0001 par value
Trading Symbol	KW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		140,769,862
Entity Central Index Key	0001408100
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		$ 1,438.6	$ 965.1
Accounts receivable, net (including $13.3 and $12.6 of related party)		46.3	47.9
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $841.2 and $815.0)		4,562.7	4,720.5
Unconsolidated investments (including $1,157.8 and $1,136.5 at fair value)		1,311	1,289.3
Other assets		191.4	199.1
Loan purchases and originations		98.5	107.1
Total assets	[1]	7,648.5	7,329
Liabilities
Accounts payable		15.6	30.1
Accrued expenses and other liabilities		479.3	531.7
Total liabilities	[1]	6,002.2	5,656.3
Equity
Series A cumulative preferred Stock, $0.0001 par value, 1,000 per share liquidation preference, 1,000,000 shares authorized, 300,000 shares outstanding as of March 31, 2021 and December 31, 2020		295.2	295.2
Common stock, $0.0001 par value per share, 200,000,000 authorized, 141,074,106 and 141,365,323 shares issued and outstanding as of March 31, 2021 and December 31, 2020		0	0
Additional paid-in capital		1,718.6	1,725.2
(Accumulated deficit) retained earnings		(18.9)	17.7
Accumulated other comprehensive loss		(377.1)	(393.6)
Total Kennedy-Wilson Holdings, Inc. shareholders' equity		1,617.8	1,644.5
Noncontrolling interests		28.5	28.2
Total equity		1,646.3	1,672.7
Total liabilities and equity		7,648.5	7,329
Mortgage debt
Liabilities
Long-term debt		2,555.3	2,589.8
KW unsecured debt
Liabilities
Long-term debt		1,799.8	1,332.2
KWE unsecured bonds
Liabilities
Long-term debt		$ 1,152.2	$ 1,172.5
[1]	The assets and liabilities as of March 31, 2021 include $166.4 million (including cash held by consolidated investments of $9.2 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $149.8 million) and $107.6 million (including mortgage debt of $100.0 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		$ 901.1	$ 101.7
Accounts receivable, net (including $13.3 and $12.6 of related party)		13.3	12.6
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		841.2	815
Unconsolidated investments (including $1,157.8 and $1,136.5 at fair value)		1,157.8	1,136.5
Assets	[1]	7,648.5	7,329
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $841.2 and $815.0)		4,562.7	4,720.5
Liabilities
Liabilities	[1]	$ 6,002.2	$ 5,656.3
Equity
Preferred stock, par or stated value per share (in dollars per share)		$ 0.0001	$ 0.0001
Preferred stock, liquidation preference per share (in dollars per share)		$ 1,000	$ 1,000
Preferred stock, shares authorized (in shares)		1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)		300,000	300,000
Common stock, par or stated value per share (in dollars per share)		$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)		200,000,000	200,000,000
Common stock, shares issued (in shares)		141,074,106	141,365,323
Common stock, shares outstanding (in shares)		141,074,106	141,365,323
Variable Interest Entity, Primary Beneficiary
Assets
Assets		$ 166.4	$ 166
Cash held by consolidated investments		9.2	9.1
Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $841.2 and $815.0)		149.8	150
Liabilities
Liabilities		107.6	107.7
Variable Interest Entity, Primary Beneficiary | Investment Debt
Liabilities
Long-term debt		$ 100	$ 97.5
[1]	The assets and liabilities as of March 31, 2021 include $166.4 million (including cash held by consolidated investments of $9.2 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $149.8 million) and $107.6 million (including mortgage debt of $100.0 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue
Total revenue	$ 99.4	$ 123.3
Expenses
General and administrative	6.8	9.5
Depreciation and amortization	44.4	45.5
Total expenses	120.8	129.8
Income from unconsolidated investments	18.4	10.9
Gain on sale of real estate, net	73.5	44.2
Interest expense	(51.6)	(48.8)
Loss on early extinguishment of debt	(14.8)	0
Other loss	(3)	0
Income (loss) before provision for income taxes	1.1	(0.2)
Provision for income taxes	(2.7)	(5.7)
Net loss	(1.6)	(5.9)
Net loss attributable to the noncontrolling interests	0.3	0.3
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	(4.3)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (5.6)	$ (9.9)
Basic and diluted loss per share
(Loss) income per share (in dollars per share)	$ (0.04)	$ (0.07)
Weighted average shares outstanding (in shares)	138,772,819	140,210,705
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.22
Rental
Revenue
Total revenue	$ 88.9	$ 107.7
Expenses
Cost of goods and services	33	36.7
Hotel
Revenue
Total revenue	0.8	7.2
Expenses
Cost of goods and services	1.6	6
Investment management and property services fees
Revenue
Total revenue	8.1	8.4
Commission and marketing
Expenses
Cost of goods and services	0.3	0.7
Compensation and related
Expenses
Cost of goods and services	$ 34.7	$ 31.4

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue
Investment management and property services fees— related party	$ 7.4	$ 5.1
Expenses
Share-based compensation	$ 7.7	$ 8.6

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net loss	$ (1.6)	$ (5.9)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation loss	(23.8)	(16.8)
Amounts reclassified out of AOCI during the period	0	0.2
Total other comprehensive income (loss) for the period	16.3	(9.2)
Comprehensive income (loss)	14.7	(15.1)
Comprehensive loss attributable to noncontrolling interests	0.5	1.8
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	15.2	(13.3)
Currency Derivative Contracts
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	38.4	13
Interest Rate Swaps
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	$ 1.7	$ (5.6)

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Millions	Total	Currency Derivative Contracts	Interest Rate Swaps	Preferred Stock	Common Stock	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossCurrency Derivative Contracts	Accumulated Other Comprehensive LossInterest Rate Swaps	Noncontrolling Interests
Beginning balance outstanding (in shares) at Dec. 31, 2019				300,000	142,283,109
Balance beginning of period at Dec. 31, 2019	$ 1,719.2			$ 295.2	$ 0	$ 1,754.5	$ 46.2	$ (417.2)			$ 40.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock grants (RSG) (in shares)					2,533,967
Shares retired due to RSG vesting (in shares)					(409,716)
Shares retired due to RSG vesting	(9.1)					(9.1)
Shares retired due to common stock repurchase program (in shares)					(858,496)
Shares retired due to common stock repurchase program	(16.6)				$ (16.6)	(15.3)	(1.3)
Stock based compensation	8.6					8.6
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(16.5)							(15)			(1.5)
Unrealized currency derivative contracts gain (loss)		$ 13	$ (5.6)						$ 13	$ (5.6)
Common stock dividends	(31.6)						(31.6)
Preferred stock dividends	(4.3)						(4.3)
Net loss	(5.9)						(5.6)				(0.3)
Contributions from noncontrolling interests	0.3										0.3
Distributions to noncontrolling interests	(0.2)										(0.2)
KW Europe Fund II deconsolidation	3.7										3.7
Ending balance outstanding (in shares) at Mar. 31, 2020				300,000	143,548,864
Balance end of period at Mar. 31, 2020	1,655			$ 295.2	$ 0	1,738.7	3.4	(424.8)			42.5
Beginning balance outstanding (in shares) at Dec. 31, 2020				300,000	141,365,323
Balance beginning of period at Dec. 31, 2020	1,672.7			$ 295.2	$ 0	1,725.2	17.7	(393.6)			28.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares forfeited (in shares)					(237,558)
Restricted stock grants (RSG) (in shares)					614,945
Shares retired due to RSG vesting (in shares)					(658,293)
Shares retired due to RSG vesting	(14.1)					(14.1)
Shares retired due to common stock repurchase program (in shares)					(10,281)
Shares retired due to common stock repurchase program					$ (0.2)	(0.2)
Stock based compensation	7.7					7.7
Other comprehensive income (loss):
Unrealized foreign currency translation loss, net of tax	(23.8)							(23.6)			(0.2)
Unrealized currency derivative contracts gain (loss)		$ 38.4	$ 1.7						$ 38.4	$ 1.7
Common stock dividends	(31)						(31)
Preferred stock dividends	(4.3)						(4.3)
Net loss	(1.6)						(1.3)				(0.3)
Contributions from noncontrolling interests	0.9										0.9
Distributions to noncontrolling interests	(0.1)										(0.1)
Ending balance outstanding (in shares) at Mar. 31, 2021				300,000	141,074,136
Balance end of period at Mar. 31, 2021	$ 1,646.3			$ 295.2	$ 0	$ 1,718.6	$ (18.9)	$ (377.1)			$ 28.5

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Cash flows used in operating activities:
Net loss		$ (1.6)	$ (5.9)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on sale of real estate, net		(73.5)	(44.2)
Depreciation and amortization		44.4	45.5
Above/below market and straight-line rent amortization		7.1	(3.7)
Provision for deferred income taxes		(1.8)	(0.1)
Amortization of deferred loan costs		6.4	2.2
Amortization of discount and accretion of premium on issuance of the senior notes and mortgage debt		1.6	0.2
Unrealized net gain on derivatives		(1.1)	(1.9)
Income from unconsolidated investments		(18.4)	(10.9)
Accretion of interest income on loans		(0.3)	0
Operating distributions from unconsolidated investments		16.4	15.7
Deferred compensation		2.6	1.5
Share-based compensation		7.7	8.6
Change in assets and liabilities:
Accounts receivable		1.5	1.2
Other assets		(18.9)	(8.5)
Accounts payable, accrued expenses and other liabilities		(48.7)	(36.3)
Net cash (used in) provided by operating activities		(76.6)	(36.6)
Cash flows from investing activities:
Proceeds from loan repayments and sales		19.8	33
Issuance of loans		(12.9)	(6.3)
Net proceeds from sale of consolidated real estate		228.3	182
Capital expenditures to real estate		(47.3)	(37.5)
(Premiums) proceeds from settlement of foreign derivative contracts		(3.8)	32.5
Proceeds from development project asset		0	2.3
Distributions from unconsolidated investments		21.6	79.3
Contributions to unconsolidated investments		(52.8)	(45.3)
Net cash provided by investing activities		152.9	240
Cash flows from financing activities:
Borrowings under senior notes payable		1,204.3	0
Repayment of senior notes payable		(576.9)	0
Repayment of line of credit		(150)	0
Borrowings under mortgage debt		50.4	22.7
Repayment of mortgage debt		(67.7)	(51.6)
Payment of debt issue costs		(17.1)	(4.3)
Repurchase and retirement of common stock		(14.3)	(25.6)
Common dividends paid		(32.6)	(31.6)
Preferred dividends paid		(4.3)	(3.3)
Issuance of shareholder loans to noncontrolling interests		0	0.3
Contributions from noncontrolling interests		0.9	0.3
Distributions to noncontrolling interests		(0.1)	(0.2)
Net cash provided by (used in) financing activities		392.6	(93.3)
Effect of currency exchange rate changes on cash and cash equivalents		4.6	(18.4)
Net change in cash and cash equivalents	[1]	473.5	91.7
Cash and cash equivalents, beginning of period		965.1	573.9
Cash and cash equivalents, end of period		1,438.6	665.6
Supplemental cash flow information:
Interest	[2],[3]	36.2	22.9
Income taxes		2.2	2
Supplemental disclosure of non-cash investing and financing activities:
Accrued capital expenditures		0.4	0.2
Common dividends declared but not paid on common stock		31	31.6
Preferred dividends declared but not paid on preferred stock		$ 4.3	$ 4.3
[1]	See discussion of non-cash effects in the supplemental cash flow information.
[2]	$1.1 million and $1.1 million attributable to noncontrolling interests for the three months ended March 31, 2021 and 2020, respectively.
[3]	Excludes $0.8 million and $1.0 million of capitalized interest for the three months ended March 31, 2021 and 2020, respectively.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)parcel	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Statement of Cash Flows [Abstract]
Interest paid attributable to noncontrolling interest	$ 1.1	$ 1.1
Interest, capitalized	0.8	1
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)	$ 901.1		$ 101.7
Noncash or part noncash acquisition, joint venture interest		$ 7.8
Number of parcels of land | parcel	3
Land received in sale of equity method investment	$ 16.5
Mortgage Lending Reserves
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)	901.1		$ 25.8
Debt Redemption
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)	$ 817.8

Guarantor and Non-Guarantor Fin

Guarantor and Non-Guarantor Financial Statements	3 Months Ended
	Mar. 31, 2021
Guarantor and Nonguarantor Financial Statements [Abstract]
GUARANTOR AND NON-GARANTOR FINANCIAL STATEMENTS	GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS The following consolidating financial information and condensed consolidating financial information include: (1) Condensed consolidating balance sheets as of March 31, 2021 and December 31, 2020; consolidating statements of operations for the three months ended March 31, 2021 and 2020; consolidating statements of comprehensive income for the three months ended March 31, 2021 and 2020; and condensed consolidating statements of cash flows for the three months ended March 31, 2021 and 2020, of (a) Kennedy-Wilson Holdings, Inc., as the parent, (b) Kennedy-Wilson, Inc., as the subsidiary issuer, (c) the guarantor subsidiaries, (d) the non-guarantor subsidiaries and (e) Kennedy-Wilson Holdings, Inc. on a consolidated basis; and (2) Elimination entries necessary to consolidate Kennedy-Wilson Holdings, Inc., as the parent, with Kennedy-Wilson, Inc. and its guarantor and non-guarantor subsidiaries. Kennedy Wilson owns 100% of all of the guarantor subsidiaries, and, as a result, in accordance with Rule 3-10(d) of Regulation S-X promulgated by the SEC, no separate financial statements are required for these subsidiaries as of and for the three months ended March 31, 2021 or 2020. Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 662.2 $ 141.2 $ 635.2 $ — $ 1,438.6 Accounts receivable — — 16.3 30.0 — 46.3 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,003.1 2,559.6 — 4,562.7 Unconsolidated investments — 14.5 464.7 831.8 — 1,311.0 Investments in and advances to consolidated subsidiaries 1,658.2 2,960.1 1,599.6 — (6,217.9) — Other assets — 59.8 62.3 69.3 — 191.4 Loan purchases and originations $ — $ 8.3 $ — $ 90.2 $ — 98.5 Total assets $ 1,658.2 $ 3,704.9 $ 4,287.2 $ 4,216.1 $ (6,217.9) $ 7,648.5 Liabilities and equity Liabilities Accounts payable $ — $ 0.3 $ 4.8 $ 10.5 $ — $ 15.6 Accrued expenses and other liabilities 40.4 246.6 49.9 142.4 — 479.3 Mortgage debt — — 1,272.4 1,282.9 — 2,555.3 KW unsecured debt — 1,799.8 — — — 1,799.8 KWE unsecured bonds — — — 1,152.2 — 1,152.2 Total liabilities 40.4 2,046.7 1,327.1 2,588.0 — 6,002.2 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,617.8 1,658.2 2,960.1 1,599.6 (6,217.9) 1,617.8 Noncontrolling interests — — — 28.5 — 28.5 Total equity 1,617.8 1,658.2 2,960.1 1,628.1 (6,217.9) 1,646.3 Total liabilities and equity $ 1,658.2 $ 3,704.9 $ 4,287.2 $ 4,216.1 $ (6,217.9) $ 7,648.5 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 105.5 $ 174.5 $ 685.1 $ — $ 965.1 Accounts receivable — 0.2 15.5 32.2 — 47.9 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,009.7 2,710.8 — 4,720.5 Unconsolidated investments — 15.1 459.4 814.8 — 1,289.3 Investments in and advances to consolidated subsidiaries 1,686.5 3,173.4 1,768.4 — (6,628.3) — Other assets — 0.9 69.3 128.9 — 199.1 Loan purchases and originations — 9.4 — 97.7 — 107.1 Total assets $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0 Liabilities Accounts payable $ — $ 0.2 $ 1.9 $ 28.0 $ — 30.1 Accrued expense and other liabilities 42.0 285.6 49.6 154.5 — 531.7 Mortgage debt — — 1,271.9 1,317.9 — 2,589.8 KW unsecured debt — 1,332.2 — — — 1,332.2 KWE unsecured bonds — — — 1,172.5 1,172.5 Total liabilities 42.0 1,618.0 1,323.4 2,672.9 — 5,656.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,644.5 1,686.5 3,173.4 1,768.4 (6,628.3) 1,644.5 Noncontrolling interests — — — 28.2 — 28.2 Total equity 1,644.5 1,686.5 3,173.4 1,796.6 (6,628.3) 1,672.7 Total liabilities and equity $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 46.5 $ 42.4 $ — $ 88.9 Hotel — — — 0.8 — 0.8 Investment management and property services fees — — 5.4 2.7 — 8.1 Loans and other — 0.1 — 1.5 — 1.6 Total revenue — 0.1 51.9 47.4 — 99.4 Expenses Rental — — 17.1 15.9 — 33.0 Hotel — — — 1.6 — 1.6 Commission and marketing — — 0.3 — — 0.3 Compensation and related 8.5 15.8 8.9 1.5 — 34.7 General and administrative — 3.4 1.8 1.6 — 6.8 Depreciation and amortization — 0.3 19.0 25.1 — 44.4 Total expenses 8.5 19.5 47.1 45.7 — 120.8 Income from unconsolidated subsidiaries — 2.9 4.2 11.3 — 18.4 Income from consolidated subsidiaries 6.9 57.2 60.1 — (124.2) — Gain on sale of real estate, net — — — 73.5 — 73.5 Interest expense — (19.5) (11.5) (20.6) — (51.6) Loss on early extinguishment of debt — (14.8) — — — (14.8) Other (loss) income — (0.7) — (2.3) — (3.0) (Loss) income before benefit from (provision for) income taxes (1.6) 5.7 57.6 63.6 (124.2) 1.1 Benefit from (provision for) income taxes — 1.2 (0.4) (3.5) — (2.7) Net (loss) income (1.6) 6.9 57.2 60.1 (124.2) (1.6) Net loss attributable to the noncontrolling interests — — — 0.3 — 0.3 Preferred dividends (4.3) — — — — (4.3) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (5.9) $ 6.9 $ 57.2 $ 60.4 $ (124.2) $ (5.6) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 48.3 $ 59.4 $ — $ 107.7 Hotel — — — 7.2 — 7.2 Investment management and property services fees — — 7.6 0.8 — 8.4 Total revenue — — 55.9 67.4 — 123.3 Expenses Rental — — 17.6 19.1 — 36.7 Hotel — — — 6.0 — 6.0 Commission and marketing — — 0.7 — — 0.7 Compensation and related 8.9 9.8 11.2 1.5 — 31.4 General and administrative — 4.8 3.3 1.4 — 9.5 Depreciation and amortization — 0.4 19.4 25.7 — 45.5 Total expenses 8.9 15.0 52.2 53.7 — 129.8 (Loss) income from unconsolidated investments — (1.0) (2.8) 14.7 — 10.9 Income from consolidated subsidiaries 2.9 33.9 45.5 — (82.3) — Gain on sale of real estate, net — — — 44.2 — 44.2 Interest expense — (15.4) (12.7) (20.7) — (48.8) Other income (loss) — 0.9 — (0.9) — — (Loss) income before provision for income taxes (6.0) 3.4 33.7 51.0 (82.3) (0.2) Provision for income taxes — (0.6) 0.2 (5.3) — (5.7) Net (loss) income (6.0) 2.8 33.9 45.7 (82.3) (5.9) Net income attributable to the noncontrolling interests — — — 0.3 — 0.3 Preferred dividends (4.3) — — — — (4.3) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (10.3) $ 2.8 $ 33.9 $ 46.0 $ (82.3) $ (9.9) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2021 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (1.6) $ 6.9 $ 57.2 $ 60.1 $ (124.2) $ (1.6) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation gain (loss) (23.8) (23.8) 2.8 (23.3) 44.3 (23.8) Amounts reclassified out of AOCI during the period — — — — — — Unrealized currency derivative contracts gain (loss) 38.4 38.4 (3.3) 41.7 (76.8) 38.4 Unrealized gain on interest rate swaps 1.7 1.7 — — (1.7) 1.7 Total other comprehensive income (loss) for the period $ 16.3 $ 16.3 $ (0.5) $ 18.4 $ (34.2) $ 16.3 Comprehensive income $ 14.7 $ 23.2 $ 56.7 $ 78.5 $ (158.4) $ 14.7 Comprehensive loss attributable to noncontrolling interests — — — 0.5 — 0.5 Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 14.7 $ 23.2 $ 56.7 $ 79.0 $ (158.4) $ 15.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (6.0) $ 2.8 $ 33.9 $ 45.7 $ (82.3) $ (5.9) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation loss (16.8) (16.8) (49.3) (15.7) 81.8 (16.8) Amounts reclassified out of AOCI during the period 0.2 0.2 — 0.2 (0.4) 0.2 Unrealized currency derivative contracts gain (loss) 13.0 13.0 48.3 (35.3) (26.0) 13.0 Unrealized loss on interest rate swaps (5.6) (5.6) — — 5.6 (5.6) Total other comprehensive loss for the period $ (9.2) $ (9.2) $ (1.0) $ (50.8) $ 61.0 $ (9.2) Comprehensive (loss) income $ (15.2) $ (6.4) $ 32.9 $ (5.1) $ (21.3) $ (15.1) Comprehensive loss attributable to noncontrolling interests — — — 1.8 — 1.8 Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ (15.2) $ (6.4) $ 32.9 $ (3.3) $ (21.3) $ (13.3) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.8) $ (142.9) $ 33.3 $ 33.8 $ (76.6) Cash flows from investing activities: Issuance of loans — (0.4) — (12.5) (12.9) Proceeds from loan repayments and sales — 0.5 — 19.3 19.8 Net proceeds from sale of real estate — — — 228.3 228.3 Capital expenditures to real estate — — (12.2) (35.1) (47.3) Distributions from unconsolidated investments — 3.5 5.3 12.8 21.6 Contributions to unconsolidated investments — — (13.1) (39.7) (52.8) Proceeds from settlement of foreign forward contracts — — (3.8) — (3.8) Distributions from (investments in) consolidated subsidiaries, net 52.0 235.7 (47.6) (240.1) — Net cash provided by (used in) investing activities 52.0 239.3 (71.4) (67.0) 152.9 Cash flows from financing activities: Borrowings under senior notes payable — 1,204.3 — — 1,204.3 Repayment of senior notes payable — (576.9) — — (576.9) Repayment of line of credit — (150.0) — — (150.0) Borrowings under investment debt — — 5.4 45.0 50.4 Repayment of investment debt — — (0.6) (67.1) (67.7) Debt issue costs — (17.1) — — (17.1) Repurchase and retirement of common stock (14.3) — — — (14.3) Dividends paid (32.6) — — — (32.6) Preferred dividends paid (4.3) — — — (4.3) Contributions from noncontrolling interests — — — 0.9 0.9 Distributions to noncontrolling interests — — (0.1) (0.1) Net cash (used in) provided by financing activities (51.2) 460.3 4.8 (21.3) 392.6 Effect of currency exchange rate changes on cash and cash equivalents — — — 4.6 4.6 Net change in cash and cash equivalents — 556.7 (33.3) (49.9) 473.5 Cash and cash equivalents, beginning of period — 105.5 174.5 685.1 965.1 Cash and cash equivalents, end of period $ — $ 662.2 $ 141.2 $ 635.2 $ 1,438.6 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.1) $ (70.3) $ (13.8) $ 47.6 $ (36.6) Cash flows from investing activities: Issuance of loans — (6.3) — — (6.3) Collections of loans — — — 33.0 33.0 Net proceeds from sale of real estate — — — 182.0 182.0 Capital expenditures to real estate — — (17.3) (20.2) (37.5) Distributions from unconsolidated investments — 4.0 31.4 43.9 79.3 Contributions to unconsolidated investments — (0.1) (13.7) (31.5) (45.3) Proceeds from development project assets — — — 2.3 2.3 Proceeds from settlement of foreign derivative contracts — — 32.5 — 32.5 Distributions from (investments in) consolidated subsidiaries, net 29.8 116.4 13.0 (159.2) — Net cash provided by investing activities 29.8 114.0 45.9 50.3 240.0 Cash flows from financing activities: Issuance of shareholder loans to noncontrolling interests — — — 0.3 0.3 Borrowings under investment debt — — 6.7 16.0 22.7 Repayment of investment debt — — (50.1) (1.5) (51.6) Debt issue costs — (4.3) — — (4.3) Repurchase and retirement of common stock (25.6) — — — (25.6) Common dividends paid (31.6) — — — (31.6) Preferred dividends paid (3.3) — — — (3.3) Contributions from noncontrolling interests — — — 0.3 0.3 Distributions to noncontrolling interests — — — (0.2) (0.2) Net cash (used in) provided by financing activities (60.5) (4.3) (43.4) 14.9 (93.3) Effect of currency exchange rate changes on cash and cash equivalents — — — (18.4) (18.4) Net change in cash and cash equivalents (30.8) 39.4 (11.3) 94.4 91.7 Cash and cash equivalents, beginning of period 30.8 6.4 102.7 434.0 573.9 Cash and cash equivalents, end of period $ — $ 45.8 $ 91.4 $ 528.4 $ 665.6

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Kennedy Wilson's unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") may have been condensed or omitted pursuant to SEC rules and regulations, although the Company believes that the disclosures are adequate to make their presentation not misleading. In the Company's opinion, all adjustments, consisting of only normal and recurring items, necessary for a fair presentation of the results of operations for the three months ended March 31, 2021 and 2020 have been included. The results of operations for these periods are not necessarily indicative of results that might be expected for the full year ending December 31, 2021. For further information, your attention is directed to the footnote disclosures found in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Throughout these unaudited interim consolidated financial statements “Kennedy Wilson” is referenced, which is defined as the Company and its subsidiaries that are consolidated in its financial statements under U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. "KW," “KWH,” “Kennedy Wilson,” the “Company,” “we,” “our,” or “us” are also referred to which are defined as Kennedy-Wilson Holdings, Inc. and its wholly-owned subsidiaries. In addition, throughout these unaudited interim consolidated financial statements, “equity partners” is referred to, which is defined as the non-wholly owned subsidiaries that are consolidated in the Company's financial statements under U.S. GAAP and third-party equity partners. Kennedy Wilson evaluates its relationships with other entities to identify whether they are variable interest entities ("VIEs") as defined in the Accounting Standards Codification ("ASC") Subtopic 810-10, Consolidation , as amended by Accounting Standards Update ("ASU") 2015-02 Consolidation (Topic 810) - Amendments to the Consolidation Analysis , and to assess whether it is the primary beneficiary of such entities. If the determination is made that Kennedy Wilson is the primary beneficiary, then that entity is included in the consolidated financial statements in accordance with the ASC Subtopic 810-10.

Summary of Significant Accounti

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS REVENUE RECOGNITION — Revenue consists of rental and hotel income, management fees (including performance fees), leasing and commission fees, loan interest income and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance fees, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, Leases . Refer to section COVID-19 Lease Modification Accounting Relief below for the impact of rent deferrals and other lease concessions to lessees on the Company's rental income amounts. Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. Management fees are primarily comprised of investment management and property services fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. Property services fees are earned for managing the operations of real estate assets and are generally based on a fixed percentage of the revenues generated from the respective real estate assets. The Company sold its property services group ("Property Services") at the beginning of the fourth quarter 2020 with the sale of KWP and will have minimal property services fees going forward from its auction sales and marketing business. The Company provides investment management and property services on investments it also has an ownership interest in. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. Commissions primarily consist of acquisition and disposition fees, auction and consulting fees and, prior to the sale of Property Services, also consisted of real estate sales commissions, and leasing commissions. Acquisition and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition after all required services have been performed. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in the ASC Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service, has credit risk, and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. Leasing fees that are payable upon tenant occupancy, payment of rent or other events beyond Kennedy Wilson's control are recognized upon the occurrence of such events. Interest income from investments in performing loans which Kennedy Wilson originates or acquires are recognized at the stated interest rate plus any amortization of premiums/discounts or fees earned on the loans. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. Since the loans are performing and backed by credit worthy borrowers the Company does not expect significant credit losses but will monitor and evaluate loans in accordance with ASC Topic 326, Financial Instruments - Credit Losses, with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . Income is recognized to the extent that cash is received from the loan. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets . Management concluded that the standard did not have a significant impact on the amount, timing or classification of real estate sales in the financial statements or related disclosures. This conclusion was based on the Company's current business mix and general approach to sales of real estate which are generally completed without seller financing or continuing involvement that would indicate that a performance obligation is not met at the time the transaction closes. With the adoption of ASC Subtopic 610-20, the Company recognizes the entire gain attributed to contributions of real estate properties to unconsolidated entities. REAL ESTATE ACQUISITIONS—The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests. Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value. The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate is valued, in part, based on third party valuations and management estimates also using an income approach. UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate or real estate related investments. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by Kennedy Wilson’s share of income or loss, contributions, distributions and foreign currency movements. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures . Kennedy Wilson elected the fair value option for 30 investments in unconsolidated investment entities ("FV Option" investments). Due to the nature of these investments, Kennedy Wilson elected to record these investments at fair value in order to report the change in value in the underlying investments in the results of our current operations. Additionally, Kennedy Wilson records its investments in commingled funds it manages and sponsors (the "Funds") that are investment companies under ASC Topic 946, Financial Services - Investment Companies , based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. At the end of each reporting period, Kennedy Wilson calculates the performance fee that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance fees to reflect either (a) positive performance resulting in an increase in the performance fee allocated to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as revenue, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. The Company has concluded that performance fees to the Company, based on cumulative fund performance to-date, represent carried interests. For equity method investments, these fees are included as a component of the income reported from the underlying equity method investee and for equity method investments where the fair value option has been elected, these fees are included in the determination of fair value under ASC Topic 820, Fair Value Measurement . FAIR VALUE MEASUREMENTS — Kennedy Wilson accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of ASC Topic 820. ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. See Note 5 for further discussion of the estimation uncertainty related to COVID-19. FAIR VALUE OF FINANCIAL INSTRUMENTS — The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, is necessary, however, to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts. FOREIGN CURRENCIES — The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the euro and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage currency fluctuations, Kennedy Wilson entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (euro and the British pound) of certain of its wholly-owned and consolidated subsidiaries. KWE has also entered into currency derivative contracts to manage its exposure to euro to British pound currency fluctuations. See Note 5 for a more detailed discussion of Kennedy Wilson's currency derivative contracts. LONG-LIVED ASSETS — Kennedy Wilson reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Subtopic 360-10, Impairment of Long-Lived Assets . Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. If certain criteria are met, assets to be disposed of are presented separately in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of the assets to be disposed of are classified as held for sale and would be presented separately in the appropriate asset and liability sections of the balance sheet. RECENT ACCOUNTING PRONOUNCEMENTS COVID-19 LEASE MODIFICATION ACCOUNTING RELIEF—Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, many lessors may be required to provide rent deferrals and other lease concessions to lessees. While the lease modification guidance in ASC 842 Topic addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, on a lease by lease basis the Company would have to determine, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company had no significant deterioration to its rental collections during the three months ended March 31, 2021. The Company had no significant deterioration to its rental collections during the three months ended March 31, 2021 and leases converted to cash basis revenue recognition were immaterial for the quarter. The Company has received some requests for lease modifications and has granted some deferrals but the amount probable of collection over the lease term generally has not changed so there has been minimal impact to rental revenues from lease modifications. The Company will continue to evaluate the extent of lease concessions granted to tenants as a result of the COVID-19 pandemic in future periods and the elections made by the Company at the time of entering into such concessions. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The ASU was effective upon issuance on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. The Company is currently evaluating the impact of adopting ASU 2020-04 on its consolidated financial statements as the Company has not had any reference rate reform activities occur through March 31, 2021.

Real Estate and In-Place Lease

Real Estate and In-Place Lease Value	3 Months Ended
	Mar. 31, 2021
Real Estate [Abstract]
REAL ESTATE AND IN-PLACE LEASE VALUE	REAL ESTATE AND IN-PLACE LEASE VALUE The following table summarizes Kennedy Wilson's investment in consolidated real estate properties at March 31, 2021 and December 31, 2020: March 31, December 31, (Dollars in millions) 2021 2020 Land $ 1,200.3 $ 1,225.1 Buildings 3,348.7 3,436.0 Building improvements 532.5 546.6 In-place lease values 322.4 327.8 5,403.9 5,535.5 Less accumulated depreciation and amortization (841.2) (815.0) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,562.7 $ 4,720.5 Real property, including land, buildings, and building improvements are included in real estate and are generally stated at cost. Buildings and building improvements are depreciated on a straight-line method over their estimated lives not to exceed 40 years. Acquired in-place lease values are recorded at their estimated fair value on the date of acquisition and depreciated over their respective weighted-average lease term which was 7.7 years at March 31, 2021. Consolidated Acquisitions There were no consolidated acquisitions during the three months ended March 31, 2021. Gains on Sale of Real Estate, Net During the three months ended March 31, 2021, Kennedy Wilson recognized gains on sale of real estate, net of $73.5 million. These gains are primarily due to the sale of Friars Bridge Court an office property in the United Kingdom. Prior to the sale and during the three months ended March 31, 2021, the Company terminated the lease of the building's existing sole tenant and re-leased the building to a new tenant. As a result of lease termination, the Company wrote off $7.7 million of lease related assets (straight line rent) to rental income and $2.7 million of leasing commissions to amortization expense relating to that tenant. The previous tenant was in a rent free period and Kennedy Wilson was accruing rental income on a straight line basis and had yet to receive cash payments from the tenant. The leasing commissions related to costs incurred to secure the lease with the prior tenant. Costs associated with leasing the building to the current tenant were capitalized and were offset against the gain on sale of real estate at the time of the sale. During the three months ended March 31, 2020, Kennedy Wilson recognized gains on sale of real estate, net of $44.2 million. The net gains include the sale of properties in the United Kingdom: one multifamily property, eleven retail properties, one industrial property, and one office property and a loan receivable secured by a multifamily property in Dublin, Ireland. Leases The Company leases its operating properties to customers under agreements that are classified as operating leases. The total minimum lease payments provided for under the leases are recognized on a straight-line basis over the lease term unless circumstances indicate revenue should be recorded on a cash basis. The majority of the Company's rental expenses, including common area maintenance, real estate taxes and insurance, are recovered from the Company's tenants. The Company records amounts reimbursed by customers in the period that the applicable expenses are incurred, which is generally ratably throughout the term of the lease. The reimbursements are recognized in rental income in the consolidated statements of operations as the Company is the primary obligor with respect to purchasing and selecting goods and services from third-party vendors and bearing the associated credit risk. The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at March 31, 2021: (Dollars in millions) Minimum Rental Revenues (1) 2021 (remainder) $ 146.6 2022 141.8 2023 116.0 2024 94.4 2025 81.2 Thereafter 292.7 Total $ 872.7 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

Unconsolidated Investments

Unconsolidated Investments	3 Months Ended
	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS Kennedy Wilson has a number of joint venture interests including commingled funds and separate accounts, generally ranging from 5% to 50%, that were formed to acquire, manage, develop, service and/or sell real estate. Kennedy Wilson has significant influence over these entities, but not control. Accordingly, these investments are accounted for under the equity method. Joint Venture and Fund Holdings The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of March 31, 2021: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 219.4 $ 86.6 $ 99.0 $ 104.4 $ 184.1 $ 693.5 Ireland 383.4 127.8 — 3.4 — 514.6 United Kingdom — 88.9 — 14.0 — 102.9 Total $ 602.8 $ 303.3 $ 99.0 $ 121.8 $ 184.1 $ 1,311.0 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2020: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 226.2 $ 83.0 $ 86.3 $ 118.1 $ 180.8 $ 694.4 Ireland 389.7 129.7 — 3.7 — 523.1 United Kingdom — 56.4 — 15.4 — 71.8 Total $ 615.9 $ 269.1 $ 86.3 $ 137.2 $ 180.8 $ 1,289.3 During the three months ended March 31, 2021, the change in unconsolidated investments primarily relates to $52.8 million of contributions to new and existing unconsolidated investments, $38.0 million of distributions from unconsolidated investments, $18.4 million of income from unconsolidated investments, and a $11.4 million decrease related to other items which primarily related to foreign exchange movements. Please see below for additional details. As of March 31, 2021 and December 31, 2020, $1,157.8 million and $1,136.5 million of unconsolidated investments were accounted for under fair value. See Note 5 for more detail. Contributions to Joint Ventures During the three months ended March 31, 2021, Kennedy Wilson contributed $52.8 million to joint ventures, primarily to fund new acquisitions in the Company's UK industrial separate account and capital calls for development on Kona Village hotel. Distributions from Joint Ventures During the three months ended March 31, 2021, Kennedy Wilson received $38.0 million in operating and investing distributions from its joint ventures. The following table details cash distributions by investment type and geographic location for the three months ended March 31, 2021: Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 5.4 $ 12.4 $ 1.8 $ — $ 4.8 $ 5.3 $ — $ 3.5 $ 12.0 $ 21.2 Ireland 1.4 — 3.0 0.4 — — — — 4.4 0.4 Total $ 6.8 $ 12.4 $ 4.8 $ 0.4 $ 4.8 $ 5.3 $ — $ 3.5 $ 16.4 $ 21.6 Investing distributions resulted primarily from the sales of two office properties in Fund VI, refinancing and buyouts from limited partners in the VHH portfolio, and a partial redemption of a non-core hedge fund investment. Operating distributions resulted from operating cash flow generated by the joint venture investments. Income from Unconsolidated Investments The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the three and three months ended March 31, 2021 and 2020: Three Months Ended March 31, (Dollars in millions) 2021 2020 Income from unconsolidated investments - operating performance $ 13.5 $ 14.4 Income from unconsolidated investments - realized losses — (0.6) Income from unconsolidated investments - fair value adjustments 5.3 (1.9) Income from unconsolidated investments - performance fees (0.4) (1.0) $ 18.4 $ 10.9 Operating performance is related to underlying performance from unconsolidated investments. Realized (losses) gains are related to asset sales. Fair value gains primarily related to resyndications under the Company's VHH partnership and net foreign exchange movements on fair value European unconsolidated investments. Vintage Housing Holdings ("VHH") As of March 31, 2021 and December 31, 2020, the carrying value of the Company's investment in VHH was $136.1 million and $142.9 million, respectively. The decrease in the three months ended March 31, 2021 related to cash distributions associated with development projects in VHH. Distributions in the current period primarily relate to the refund of advances on two development projects in which VHH provides cash for the construction costs in advance, and other partners subsequently pay their share of the costs back to VHH. Fair value gains in the current period primarily relate to resyndications in which VHH dissolves an existing partnership and recapitalizes into a new partnership with tax exempt bonds and tax credits that are sold to a new tax credit partner and, in many cases, yields cash back to VHH. Upon resyndication, VHH retains a GP interest in the partnership and receives various future streams of cash flows including: development fees, asset management fees, other GP management fees and distributions from operations. Prior period fair value gains primarily relate to cap rate compression. Capital Commitments

Fair Value Measurements and the

Fair Value Measurements and the Fair Value Option	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION	FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of March 31, 2021: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,157.8 $ 1,157.8 Net currency derivative contracts — (45.8) — (45.8) Total $ — $ (45.8) $ 1,157.8 $ 1,112.0 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2020: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,136.5 $ 1,136.5 Net currency derivative contracts — (64.0) — (64.0) Total $ — $ (64.0) $ 1,136.5 $ 1,072.5 Unconsolidated Investments Kennedy Wilson elected to use the fair value option for 30 unconsolidated investments to more accurately reflect the timing of the value created in the underlying investments and report those results in current operations. Kennedy Wilson's investment balance in the FV Option investments was $1,035.9 million and $999.2 million at March 31, 2021 and December 31, 2020, respectively, which is included in unconsolidated investments in the accompanying balance sheets. Additionally, Kennedy Wilson records its investments in the Funds based upon the net assets that would be allocated to its interests in the Funds, assuming the Funds were to liquidate their investments at fair value as of the reporting date. Kennedy Wilson’s investment balance in the Funds was $121.9 million and $137.3 million at March 31, 2021 and December 31, 2020, respectively, which is included in unconsolidated investments in the accompanying consolidated balance sheets. As of March 31, 2021, Kennedy Wilson had unfunded capital commitments to the Funds in the amount of $79.8 million. See Note 4 for more information on the fluctuations for these investments. In estimating fair value of real estate held by the Funds and the 30 FV Option investments, the Company considers significant unobservable inputs to be the capitalization and discount rates. The following table presents changes in Level 3 investments in Funds and FV Options for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, (Dollars in millions) 2021 2020 Beginning balance $ 1,136.5 $ 1,107.4 Unrealized and realized gains 25.5 27.3 Unrealized and realized losses (9.5) (14.8) Contributions 52.2 44.4 Distributions (35.4) (62.0) Foreign Exchange (13.0) (18.9) Other 1.5 (1.8) Ending Balance $ 1,157.8 $ 1,081.6 Fair value gains primarily related to resyndications under the Company's VHH partnership and net foreign exchange movements on fair value European unconsolidated investments. Unobservable Inputs for Real Estate In determining estimated fair market values, the Company utilizes discounted cash flow models that estimate future cash flows (including terminal values) and discount those cash flows back to the current period. The accuracy of estimating fair value for investments cannot be determined with precision and cannot be substantiated by comparison to quoted prices in active markets and may not be realized in a current sale or immediate settlement of the asset or liability. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including capitalization rates, discount rates, liquidity risks, and estimates of future cash flows could significantly affect the fair value measurement amounts. The table below describes the range of unobservable inputs for real estate assets as of March 31, 2021: Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 3.80% —5.75% 5.75% — 8.15% Office 4.00% — 7.00% 5.00% — 9.00% Retail 5.00% — 8.75% 7.50% — 11.25% Hotel 6.00% —6.00% 7.50% — 8.25% Residential N/A N/A In valuing indebtedness, the Company considers significant inputs such as the term of the debt, value of collateral, market loan-to-value ratios, market interest rates and spreads, and credit quality of investment entities. The credit spreads used by Kennedy Wilson for these types of investments range from 0.37% to 4.90%. There is no active secondary market for the Company's development projects and no readily available market value given the uncertainty of the amount and timing of future cash flows. Accordingly, its determination of fair value of its development projects requires judgment and extensive use of estimates. Therefore, the Company typically uses investment cost as the estimated fair value until future cash flows become more predictable. Additionally, the fair value of its development projects may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that the Company may ultimately realize. If the Company were required to liquidate an investment in a forced or liquidation sale, it could realize significantly less than the value it is recorded at. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected in the currently assigned valuations. The Company assessed the impact of the COVID-19 pandemic and its impact on the fair value of investments. Valuations of its assets that are reported at fair value and the markets in which they operate, to date, have not been significantly impacted by the COVID-19 pandemic as there has been little disruption to projected cash flows or market driven inputs on the underlying properties as a result of COVID-19. As a result of the rapid development, fluidity and uncertainty surrounding this situation, the Company expects that information with respect to fair value measurement may change, potentially significantly, going forward and may not be indicative of the actual impact of the COVID-19 pandemic on its business, operations, cash flows and financial condition for the three months ended March 31, 2021 and future periods. Currency Derivative Contracts Kennedy Wilson uses foreign currency derivative contracts such as forward contracts and options to manage its foreign currency risk exposure against the effects of a portion of its certain non-U.S. dollar denominated currency net investments. Foreign currency options are valued using a variant of the Black-Scholes model tailored for currency derivatives and the foreign currency forward contracts are valued based on the difference between the contract rate and the forward rate at maturity of the underlying currency applied to the notional value in the underlying currency discounted at a market rate for similar risks. Although the Company has determined that the majority of the inputs used to value its currency derivative contracts fall within Level 2 of the fair value hierarchy, the counterparty risk adjustments associated with the currency derivative contracts utilize Level 3 inputs. However, as of March 31, 2021, Kennedy Wilson assessed the significance of the impact of the counterparty valuation adjustments on the overall valuation of its derivative positions and determined that the counterparty valuation adjustments are not significant to the overall valuation of its derivative. As a result, the Company has determined that its derivative valuation in its entirety be classified in Level 2 of the fair value hierarchy. Changes in fair value are recorded in other comprehensive income in the accompanying consolidated statements of comprehensive income as the portion of the currency forward and option contracts used to hedge currency exposure of its certain consolidated subsidiaries qualifies as a net investment hedge under ASC Topic 815, Derivatives and Hedging . The fair value of the currency derivative contracts held as of March 31, 2021 and December 31, 2020 are reported in other assets for hedge assets and included in accrued expenses and other liabilities for hedge liabilities on the accompanying balance sheet. The table below details the currency derivative contracts Kennedy Wilson held as of March 31, 2021 and the activity during the three months ended March 31, 2021. (Dollars, Euros and British Pound Sterling in millions) March 31, 2021 Three Months Ended March 31, 2021 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains Interest Expense Cash Paid Outstanding EUR USD € 232.5 $ 4.9 $ 11.5 $ 0.3 $ 8.1 $ 1.0 $ — EUR (1) GBP € 235.2 — 26.1 14.4 — — — EUR (1)(2) GBP — — 27.3 — — — GBP USD £ 435.0 10.6 23.7 (4.4) — 1.1 — Total Outstanding 15.5 61.3 37.6 8.1 2.1 — Settled GBP USD — — (0.2) — — (3.8) Total Settled — — (0.2) — — (3.8) Total $ 15.5 $ 61.3 $ 37.4 (3) $ 8.1 $ 2.1 $ (3.8) (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 9. (3) Excludes deferred tax benefit of $1.0 million. The gains recognized through other comprehensive income will remain in accumulated other comprehensive income until the underlying investments that they were hedging are substantially liquidated by Kennedy Wilson. The currency derivative contracts discussed above are offset by foreign currency translation of the Company's foreign net assets. For the three months ended March 31, 2021, Kennedy Wilson had a gross foreign currency translation loss on its net assets of $24.1 million. As of March 31, 2021, we have hedged 96% of the gross asset carrying value of our euro denominated investments and 87% of the gross asset carrying value of our GBP denominated investments. See Note 10 for a complete discussion on other comprehensive income including currency derivative contracts and foreign currency translations. Interest Rate Swaps The Company has interest rate swaps with a notional value of $138.4 million on some variable rate property-level mortgage loans. Interest expense relating to differences in variable rate and fixed interest rates was $0.3 million and is recorded through interest expense. Changes in fair value on contracts was a gain of $2.2 million and are recorded to other comprehensive income. Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable including related party receivables, accounts payable, accrued expenses and other liabilities, accrued salaries and benefits, and deferred and accrued income taxes approximate fair value due to their short-term maturities. The carrying value of loans (excluding related party loans as they are presumed not to be an arm’s length transaction) approximates fair value as the terms are similar to loans with similar characteristics available in the market. Debt liabilities are accounted for at face value plus net unamortized debt premiums and any fair value adjustments as part of business combinations. The fair value as of March 31, 2021 and December 31, 2020 for the mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds were estimated to be approximately $5.3 billion and $5.2 billion, respectively, based on a comparison of the yield that would be required in a current transaction, taking into consideration the risk of the underlying collateral and the Company's credit risk to the current yield of a similar security, compared to their carrying value of $5.5 billion and $5.1 billion at March 31, 2021 and December 31, 2020, respectively. The inputs used to value the Company's mortgage debt, Kennedy Wilson unsecured debt, and KWE unsecured bonds are based on observable inputs for similar assets and quoted prices in markets that are not active and are therefore determined to be Level 2 inputs.

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: (Dollars in millions) March 31, 2021 December 31, 2020 Straight line rent receivable $ 45.2 $ 51.6 Goodwill 23.9 23.9 Deferred taxes 22.2 22.1 Other, net of accumulated amortization of $2.2 and $2.1 at March 31, 2021 and December 31, 2020, respectively 21.7 19.0 Furniture and equipment net of accumulated depreciation of $28.1 and $27.2 at March 31, 2021 and December 31, 2020, respectively 20.9 22.3 Hedge assets 13.1 12.0 Above-market leases, net of accumulated amortization of $58.9 and $58.3 at March 31, 2021 and December 31, 2020, respectively 13.1 15.0 Prepaid expenses 13.0 11.8 Right of use asset, net 11.0 11.2 Leasing commissions, net of accumulated amortization of $7.9 and $7.4 at March 31, 2021 and December 31, 2020, respectively 7.3 10.2 Other Assets $ 191.4 $ 199.1 Right of use asset, net The Company, as a lessee, has three office leases and three ground leases, which qualify as operating leases, with remaining lease terms of 2 to 238 years. The payments associated with office space leases have been discounted using the Company's incremental borrowing rate which is based on collateralized interest rates in the market and risk profile of the associated lease. For ground leases the rate implicit in the lease was used to determine the right of use asset. The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2021 (remainder) $ 1.1 2022 1.5 2023 0.8 2024 0.5 2025 0.4 Thereafter 32.8 Total undiscounted rental payments 37.1 Less: imputed interest (26.1) Total lease liabilities $ 11.0

Mortgage Debt

Mortgage Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
MORTGAGE DEBT	MORTGAGE DEBT The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of March 31, 2021 and December 31, 2020: (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region March 31, 2021 December 31, 2020 Multifamily (1) Western U.S. $ 1,349.0 $ 1,345.5 Commercial (1) United Kingdom 365.2 429.6 Commercial (1) Ireland 351.8 320.5 Commercial Western U.S. 374.5 375.2 Commercial Spain 41.9 43.6 Hotel Ireland 84.6 88.0 Mortgage debt (excluding loan fees) (1) 2,567.0 2,602.4 Unamortized loan fees (11.7) (12.6) Total Mortgage Debt $ 2,555.3 $ 2,589.8 (1) The mortgage debt balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized as a reduction of interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized loan premium as of March 31, 2021 and December 31, 2020 was $4.2 million and $4.5 million, respectively. The Company's mortgage debt had a weighted average interest rate of 3.31% per annum as of March 31, 2021 and December 31, 2020. As of March 31, 2021, 82% of Kennedy Wilson's property level debt was fixed rate, 9% was floating rate with interest caps and 9% was floating rate without interest caps, compared to 73% of Kennedy Wilson's consolidated property level debt was fixed rate, 13% was floating rate with interest caps and 14% was floating rate without interest caps, as of December 31, 2020. The weighted average strike price on caps of Kennedy Wilson's variable rate mortgage debt is 1.68% as of March 31, 2021. Mortgage Loan Transactions and Maturities During the three months ended March 31, 2021, there were no property acquisitions and two existing loans were refinanced. There was one existing investment that was consummated initially without any debt that was subsequently partially financed with a mortgage loan. The aggregate maturities of mortgage loans as of March 31, 2021 are as follows: (Dollars in millions) Aggregate Maturities 2021 (remainder) $ 38.7 2022 324.8 2023 365.0 2024 248.0 2025 545.1 Thereafter 1,041.2 2,562.8 Unamortized debt premium 4.2 Unamortized loan fees (11.7) Total Mortgage Debt $ 2,555.3 As of March 31, 2021, the Company received waivers on certain debt covenants in loan agreements governing a total of $258.9 million or 7% of our consolidated mortgage balance. These mortgages are secured by certain retail and hospitality assets in the United Kingdom and Ireland. All of these loans are non-recourse to the Company and the waivers are through the end of the second quarter 2021 and beyond and typically cover interest coverage and loan-to-value covenants. The Company expects to be in compliance with these covenants subsequent to the second quarter of 2021, or will seek additional waivers and/or extensions as, and if needed. In the event the Company is required to seek such additional waivers and/or extensions, the Company is currently confident that it will be able to secure the same. The Company is current on all payments (principal and interest) for its consolidated mortgages including the loans discussed above. As of March 31, 2021, the Company was in compliance with or had received waivers on all financial mortgage debt covenants.

KW Unsecured Debt

KW Unsecured Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
KW UNSECURED DEBT	KW UNSECURED DEBT The following table details KW unsecured debt as of March 31, 2021 and December 31, 2020: (Dollars in millions) March 31, 2021 December 31, 2020 Credit facility $ 50.0 $ 200.0 Senior notes (1) : 2024 Notes (2) 571.7 1,146.9 2029 Notes 602.2 — 2031 Notes 602.1 — KW unsecured debt 1,826.0 1,346.9 Unamortized loan fees (26.2) (14.7) Total KW Unsecured Debt $ 1,799.8 $ 1,332.2 (1) The senior notes balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium (discount) as of March 31, 2021 and December 31, 2020 was $2.9 million and $(3.1) million, respectively. (2) 2024 Notes were fully redeemed on April 1, 2021. See discussion below. Borrowings Under Credit Facilities On March 25, 2020, the Company, through Kennedy-Wilson, Inc., its wholly-owned subsidiary, entered into a $500 million revolving line of credit (the "Second A&R Facility"). Loans under the Second A&R Facility bear interest at a rate equal to LIBOR plus between 1.75% and 2.50%, depending on the consolidated leverage ratio as of the applicable measurement date. The Second A&R Facility has a maturity date of March 25, 2024. Subject to certain conditions precedent and at Kennedy-Wilson, Inc.’s (the "Borrower") option, the maturity date of the Second A&R Facility may be extended by one year. The Second A&R Facility has certain covenants as set forth in that certain Second Amended and Restated Credit Agreement, dated as of March 25, 2020 (the "Credit Agreement") that, among other things, limit the Company and certain of its subsidiaries’ ability to incur additional indebtedness, repurchase capital stock or debt, sell assets or subsidiary stock, create or permit liens, engage in transactions with affiliates, enter into sale/leaseback transactions, issue subsidiary equity and enter into consolidations or mergers. The Credit Agreement requires the Company to maintain (i) a maximum consolidated leverage ratio (as defined in the Credit Agreement) of not greater than 65%, measured as of the last day of each fiscal quarter, (ii) a minimum fixed charge coverage ratio (as defined in the Credit Agreement) of not less than 1.70 to 1.00, measured as of the last day of each fiscal quarter for the period of four full fiscal quarters then ended, (iii) a minimum consolidated tangible net worth equal to or greater than the sum of $1,700,000,000 plus an amount equal to fifty percent (50%) of net equity proceeds received by the Company after the date of the most recent financial statements that are available as of March 25, 2020, measured as of the last day of each fiscal quarter, (iv) a maximum recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to consolidated tangible net worth as of the measurement date multiplied by 1.5, measured as of the last day of each fiscal quarter, (v) a maximum secured recourse leverage ratio (as defined in the Credit Agreement) of not greater than an amount equal to 3.5% of consolidated total asset value (as defined in the Credit Agreement) and $299,000,000, (vi) a maximum adjusted secured leverage ratio (as defined in the Credit Agreement) of not greater than 55%, measured as of the last day of each fiscal quarter, and (vii) liquidity (as defined in the Credit Agreement) of at least $75.0 million. As of March 31, 2021, the Company was in compliance with the foregoing financial covenants. As of March 31, 2021, the Company had an outstanding balance of $50.0 million on the Second A&R Facility with $450.0 million available to be drawn. The average outstanding borrowings under the Second A&R Facility was $165.6 million during the three months ended March 31, 2021. Senior Notes On February 11, 2021, Kennedy-Wilson, Inc., as issuer, issued $500.0 million aggregate principal amount of 4.750% senior notes due 2029 (the “2029 notes”) and $500.0 million aggregate principal amount of 5.000% senior notes due 2031 (the “2031 notes” and, together with the 2029 notes, the “initial notes”). On March 15, 2021, Kennedy-Wilson, Inc. issued an additional $100 million aggregate principal of the 2029 notes and an additional $100 million of the 2031 notes. These notes were issued as "additional notes" under the indentures pursuant to which Kennedy Wilson previously issued 2029 notes and the 2031 notes. The notes are senior, unsecured obligations of Kennedy Wilson and are guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of Kennedy Wilson. The notes accrue interest at a rate of 4.750% (in the case of the 2029 notes) and 5.000% (in the case of the 2031 notes) per annum, payable semi-annually in arrears on March 1 and September 1 of each year, beginning on September 1, 2021. The notes will mature on March 1, 2029 (in the case of the 2029 notes) and March 1, 2031 (in the case of the 2031 notes), in each case unless earlier repurchased or redeemed. At any time prior to March 1, 2024 (in the case of the 2029 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at a redemption price equal to 100% of their principal amount, plus an applicable “make-whole” premium and accrued and unpaid interest, if any, to the redemption date. At any time and from time to time on or after March 1, 2024 (in the case of the 2029 notes) or March 1, 2026 (in the case of the 2031 notes), Kennedy Wilson may redeem the notes of the applicable series, in whole or in part, at specified redemption prices set forth in the indenture governing the notes of the applicable series, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to March 1, 2024, Kennedy Wilson may redeem up to 40% of the notes of either series from the proceeds of certain equity offerings. No sinking fund will be provided for the notes. Upon the occurrence of certain change of control or termination of trading events, holders of the notes may require Kennedy Wilson to repurchase their notes for cash equal to 101% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. Kennedy Wilson, Inc. also had $1.2 billion of 5.875% Senior Notes due 2024 (the "2024 notes"). On January 27, 2021 the Company announced a tender offer for up to $1.0 billion aggregate principal amount of outstanding 2024 notes. On February 9, 2021, $576.9 million aggregate principal amount of the 2024 notes were tendered. As a result of the tender offer the Company recognized $14.8 million of loss on early extinguishment of debt due to the tender premium and the proportionate write off of capitalized loan fees and debt discount associated with the bonds retired as part of the tender offer. On April 1, 2021 the Company redeemed the remaining $573.5 million of the 2024 notes using cash on hand from the proceeds of the 2029 notes and 2031 notes. See Note 15 for further discussion. The indenture governing the 2031 notes, 2029 notes and 2024 notes contained various restrictive covenants, including, among others, limitations on the Company's ability and the ability of certain of the Company's subsidiaries to incur or guarantee additional indebtedness, make restricted payments, pay dividends or make any other distributions from restricted subsidiaries, redeem or repurchase capital stock, sell assets or subsidiary stocks, engage in transactions with affiliates, create or permit liens, enter into sale/leaseback transactions, and enter into consolidations or mergers. The indenture governing the 2031 notes, 2029 notes and 2024 notes limited the ability of Kennedy Wilson and its restricted subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the new indebtedness, the maximum balance sheet leverage ratio (as defined in the indenture) is greater than 1.50 to 1.00, subject to certain exceptions. As of March 31, 2021, the maximum balance sheet leverage ratio was 1.16 to 1.00. See Note 14 for the guarantor and non-guarantor financial statements. As of March 31, 2021, the Company was in compliance with all financial covenants.

KWE Unsecured Bonds

KWE Unsecured Bonds	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
KWE UNSECURED BONDS	KWE UNSECURED BONDS The following table details KWE unsecured bonds as of March 31, 2021 and December 31, 2020: (Dollars in millions) March 31, 2021 December 31, 2020 KWE Bonds $ 510.3 $ 504.7 KWE Euro Medium Term Note Programme 643.7 669.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,154.0 1,174.4 Unamortized loan fees (1.8) (1.9) Total KWE Unsecured Bonds $ 1,152.2 $ 1,172.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of March 31, 2021 and December 31, 2020 was $(2.6) million and $(2.8) million, respectively. As of March 31, 2021, KWE, as issuer, had £369.8 million of 3.95% fixed-rate senior unsecured bonds due 2022 ("KWE Bonds") that have a carrying value of $510.3 million and $504.7 million as of March 31, 2021 and December 31, 2020, respectively. KWE effectively reduced the interest rate to 3.35% as a result of it entering into swap arrangements to convert 50% of the proceeds into Euros. On April 26, 2021, KWE announced it had completed the redemption of £150.0 million in aggregate nominal amount of the KWE Bonds outstanding. See Note 15 for more detail. In addition, KWE has a £2.0 billion (approximately $2.8 billion based on March 31, 2021 exchange rates) Euro Medium Term Note ("EMTN") Programme. Under the EMTN Programme, KWE may issue, from time to time, up to £2.0 billion of various types of debt securities in certain markets and currencies. KWE issued senior unsecured notes for an aggregate principal amount of approximately $646.3 million (based on March 31, 2021 rates) (€550 million) (the "KWE Notes"). The KWE Notes were issued at a discount and have a carrying value of $643.7 million, with an annual fixed coupon of 3.25% and mature in 2025. As KWE invests proceeds from the KWE Notes to fund equity investments in new euro denominated assets, KWE designates the KWE Notes as net investment hedges under ASC Topic 815. Subsequent fluctuations in foreign currency rates that impact the carrying value of the KWE Notes are recorded to accumulated other comprehensive income. During the three months ended March 31, 2021, Kennedy Wilson recognized a gain of $27.3 million in other comprehensive income due to the strengthening of the euro against the GBP during the period. The KWE Notes rank pari passu with the KWE Bonds and are subject to the same restrictive covenants. The trust deed that governs the bonds contains various restrictive covenants for KWE, including, among others, limitations on KWE’s and its material subsidiaries’ ability to provide certain negative pledges. The trust deed limits the ability of KWE and its subsidiaries to incur additional indebtedness if, on the date of such incurrence and after giving effect to the incurrence of the new indebtedness, (1) KWE’s consolidated net indebtedness (as defined in the trust deed) would exceed 60% of KWE’s total assets (as calculated pursuant to the terms of the trust deed); and (2) KWE’s consolidated secured indebtedness (as defined in the trust deed) would exceed 50% of KWE’s total assets (as calculated pursuant to the terms of the trust deed). The trust deed also requires KWE, as of each reporting date, to maintain an interest coverage ratio (as defined in the trust deed) of at least 1.50 to 1.00 and have unencumbered assets of no less than 125% of its unsecured indebtedness (as defined in the trust deed). As of March 31, 2021, KWE was in compliance with these covenants.

Equity

Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
EQUITY	EQUITY Dividend Distributions Kennedy Wilson declared and paid the following cash distributions on its preferred and common stock: Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 4.3 $ 4.3 $ 4.3 $ 3.3 Common Stock (1) 31.0 32.6 31.6 31.6 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets. Share-based Compensation During the three months ended March 31, 2021 and 2020, Kennedy Wilson recognized $7.7 million and $8.6 million, respectively, of compensation expense related to the amortization of grant date fair values of restricted stock grants. Common Stock Repurchase Program On November 4, 2020, the Company's board of directors authorized an expansion of its existing $250.0 million share repurchase plan to $500 million. Repurchases under the program may be made in the open market, in privately negotiated transactions, through the net settlement of the Company’s restricted stock grants or otherwise, with the amount and timing of repurchases dependent on market conditions and subject to the company’s discretion. During the three months ended March 31, 2021, Kennedy Wilson repurchased and retired 10,281 shares on the open market for $0.2 million under the stock repurchase program. During the three months ended March 31, 2020, Kennedy Wilson repurchased and retired 858,496 shares on the open market for $16.6 million under the previous stock repurchase program. Generally, upon vesting, the restricted stock granted to employees is net share-settled such that the Company will withhold shares with value equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes, and remit the cash to the appropriate taxing authorities. The restricted shares that vested during three months ended March 31, 2021 and 2020 were net-share settled. The total shares withheld during the three months ended March 31, 2021 and 2020 were 658,293 shares and 409,716 shares, respectively. During the three months ended March 31, 2021 and 2020, total payments for the employees’ tax obligations to the taxing authorities for the shares which were net-share settled were $14.1 million and $9.1 million, respectively. These activities are reflected as a financing activity within Kennedy Wilson's consolidated statements of cash flows. Accumulated Other Comprehensive (Loss) Income The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2020 $ (32.2) $ 2.6 $ (5.4) $ (35.0) Unrealized (losses) gains, arising during the period (24.1) 37.4 2.2 15.5 Noncontrolling interests 0.2 — — 0.2 Deferred taxes on unrealized gains, arising during the period 0.3 1.0 (0.5) 0.8 Balance at March 31, 2021 $ (55.8) $ 41.0 $ (3.7) $ (18.5) (1) Includes $358.4 million of inception to date accumulated other comprehensive losses associated with noncontrolling interest holders of KWE that the Company was required to record as part of the KWE Transaction in October 2017.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed by dividing net loss attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted EPS is computed after adjusting the numerator and denominator of the basic EPS computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under shared‑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 (loss) income per share for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, (Dollars in millions, except share and per share amounts) 2021 2020 Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (5.6) $ (9.9) Weighted average shares outstanding for basic and diluted (1) 138,772,819 140,210,705 Basic loss per basic and diluted share $ (0.04) $ (0.07)

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
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 . Kennedy Wilson had historically presented Investments and Services as its two main operating segments. As the Company has expanded on its separate account and commingled fund platforms, it determined that the segment presentation detailed below is more indicative to how the business is being run and evaluated by the chief operating decision makers. Unconsolidated investments that had historically been part of the Investments segment and are now included in the Co-Investment Portfolio segment. The Investment Management and Property Services businesses were historically included in the Services segment. The Investment Management business is now presented in the Co-Investment Portfolio segment. This combines the equity the Company invests as well as the fees it earns from its partners on co-investments into one segment to provide a better understanding and evaluation of the total performance of these investments by the Company's chief decision makers. As the Company has grown its Consolidated Portfolio and Co-Investment Portfolio, the Property Services group has had a less significant impact on the Company's results and thus Property Services is now presented in Corporate. With the sale of KWP in the fourth quarter of 2020, the Property Services is no longer part of the Company's results. 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 through the commingled funds and joint ventures that it manages; and (ii) the fees (including, without limitation, asset management fees, construction management fees and performance fees) 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 included the Property Services for all periods prior to its sale in the fourth quarter 2020. 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 segment consists of investments the Company makes with partners in which it receives (i) fees for managing its partners equity and (ii) rental income from its co-investments in these assets. 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 months ended March 31, 2021 and 2020 and balance sheet data as of March 31, 2021 and December 31, 2020: Three Months Ended March 31, 2021 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 88.9 $ — $ — $ 88.9 Hotel 0.8 — — 0.8 Investment management and property services fees — 7.4 0.7 8.1 Loans and other $ — 1.6 — 1.6 Total revenue 89.7 9.0 0.7 99.4 Expenses Rental 33.0 — — 33.0 Hotel 1.6 — — 1.6 Commission and marketing — — 0.3 0.3 Compensation and related 15.1 5.7 13.9 34.7 General and administrative 4.3 1.3 1.2 6.8 Depreciation and amortization 44.4 — — 44.4 Total expenses 98.4 7.0 15.4 120.8 Income from unconsolidated investments, net of depreciation and amortization — 18.4 — 18.4 Gain on sale of real estate, net 73.5 — — 73.5 Interest expense (32.1) — (19.5) (51.6) Loss on early extinguishment of debt — — (14.8) (14.8) Other loss (2.3) — (0.7) (3.0) Provision for income taxes (3.9) — 1.2 (2.7) Net income (loss) 26.5 20.4 (48.5) (1.6) Net loss attributable to noncontrolling interests 0.3 — — 0.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 26.8 $ 20.4 $ (52.8) $ (5.6) Three Months Ended March 31, 2020 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 107.7 $ — $ — $ 107.7 Hotel 7.2 — — 7.2 Investment management and property services fees — 4.5 3.9 8.4 Loans and other — — — — Total revenue 114.9 4.5 3.9 123.3 Expenses Rental 36.7 — — 36.7 Hotel 6.0 — — 6.0 Commission and marketing — — 0.7 0.7 Compensation and related 11.9 4.6 14.9 31.4 General and administrative 5.6 1.7 2.2 9.5 Depreciation and amortization 45.5 — — 45.5 Total expenses 105.7 6.3 17.8 129.8 Income from unconsolidated investments, net of depreciation and amortization — 10.9 — 10.9 Gain on sale of real estate, net 44.2 — — 44.2 Interest expense (33.4) — (15.4) (48.8) Other (loss) income (0.9) — 0.9 — Provision for income taxes (5.1) — (0.6) (5.7) Net income (loss) 14.0 9.1 (29.0) (5.9) Net loss attributable to noncontrolling interests 0.3 — — 0.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 14.3 $ 9.1 $ (33.3) $ (9.9) (Dollars in millions) March 31, 2021 December 31, 2020 Total assets Consolidated $ 5,386.0 $ 5,562.4 Co-investment 1,409.5 1,396.4 Corporate 853.0 370.2 Total assets $ 7,648.5 $ 7,329.0

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company derives a significant portion of its income from the rental and sale of real property. As a result, a substantial portion of its foreign earnings is subject to U.S. taxation under certain provisions of the Internal Revenue Code of 1986, as amended, applicable to controlled foreign corporations ("Subpart F"). In determining the quarterly provisions for income taxes, the Company calculates income tax expense based on actual year-to-date income and statutory tax rates. The year-to-date income tax expense reflects the impact of foreign operations and income allocated to noncontrolling interests which is generally not subject to corporate tax. During the three months ended March 31, 2021, Kennedy Wilson generated pretax book income of $1.1 million related to its global operations and recorded a tax expense of $2.7 million. The tax expense for the period is above the US statutory tax rate, primarily as a result of non-deductible executive compensation, and non-deductible interest expense in the United Kingdom.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On April 1, 2021 the Company redeemed at a redemption price equal to 100.979% the remaining $573.5 million of the 5.875% 2024 Senior Notes due 2024 (the “Notes”) using cash on hand from the proceeds of the 2029 notes and 2031 notes. In accordance with the indenture governing the Notes, each holder of any Note as of the close of business on March 15, 2021 also received, on April 1, 2021, the full amount of unpaid interest that had accrued on such Note to, but excluding, April 1, 2021. Interest ceased to accrue on the Notes upon completion of such redemption. The Company incurred a $11.7 million loss on extinguishment of debt relating to redemption of the 2024 Notes. On April 9, 2021 the Company drew $100.0 million on its Second A&R Facility and currently has a $150.0 million outstanding balance with $350.0 million available to draw. On April 26, 2021 (the “Optional Redemption Date”), KWE, completed the redemption of £150.0 million in aggregate nominal amount of its outstanding 3.95% sterling-denominated Bonds due 2022 (the “Bonds”). The Bonds were redeemed at the Make Whole Redemption Price (such Make Whole Redemption Price being £1,041.56 per £1,000 in principal amount of the Bonds, amounting to a total of £156.2 million ($215.6 million based on March 31, 2021 exchange rates), in respect of all of the Bonds called for redemption) notified to Bondholders on April 22, 2021, together with interest accrued to (but excluding) the Optional Redemption Date (such interest accrued being an amount equal to £32.47 per £1,000 in principal amount of the Bonds, amounting to a total of £4.9 million ($6.8 million based on March 31, 2021 exchange rates, in respect of all of the Bonds called for redemption). The Company incurred a $9.4 million loss on extinguishment of debt relating to the redemption of the Bonds. Following this partial redemption of the Bonds, £219.8 million ($303.3 million based on March 31, 2021 exchange rates) in aggregate nominal amount of the Bonds will remain outstanding.

Summary of Significant Accoun_2

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION — Revenue consists of rental and hotel income, management fees (including performance fees), leasing and commission fees, loan interest income and sales of real estate. ASC Topic 606, Revenue from Contracts with Customers , is a five step model to recognize revenue from customer contracts. The model identifies the contract, any separate performance obligations in the contract, determines the transaction price, allocates the transaction price and recognizes revenue when the performance obligations are satisfied. Management has concluded that, with the exception of performance fees, the nature of the Company's revenue streams is such that the requirements are generally satisfied at the time that the fee becomes receivable. Rental income from operating leases is generally recognized on a straight-line basis over the terms of the leases in accordance with ASC Topic 842, Leases . Refer to section COVID-19 Lease Modification Accounting Relief below for the impact of rent deferrals and other lease concessions to lessees on the Company's rental income amounts. Hotel income is earned when rooms are occupied or goods and services have been delivered or rendered. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. Management fees are primarily comprised of investment management and property services fees. Investment management fees are earned from limited partners of funds, co-investments, or separate accounts and are generally based on a fixed percentage of committed capital or net asset value. Property services fees are earned for managing the operations of real estate assets and are generally based on a fixed percentage of the revenues generated from the respective real estate assets. The Company sold its property services group ("Property Services") at the beginning of the fourth quarter 2020 with the sale of KWP and will have minimal property services fees going forward from its auction sales and marketing business. The Company provides investment management and property services on investments it also has an ownership interest in. Fees earned on consolidated properties are eliminated in consolidation and fees on unconsolidated investments are eliminated for the portion that relate to the Company's ownership interest. Commissions primarily consist of acquisition and disposition fees, auction and consulting fees and, prior to the sale of Property Services, also consisted of real estate sales commissions, and leasing commissions. Acquisition and disposition fees are earned for identifying and closing investments on behalf of investors and are based on a fixed percentage of the acquisition or disposition price, as applicable. Acquisition and disposition fees are recognized upon the successful completion of an acquisition or disposition after all required services have been performed. In the case of auction and real estate sales commissions, the revenue is generally recognized when escrow closes. In accordance with the guidelines established for Reporting Revenue Gross as a Principal versus Net as an Agent in the ASC Topic 606, Kennedy Wilson records commission revenues and expenses on a gross basis. Of the criteria listed in ASC Topic 606, Kennedy Wilson is the primary obligor in the transaction, does not have inventory risk, performs all or part of the service, has credit risk, and has wide latitude in establishing the price of services rendered and discretion in selection of agents and determination of service specifications. Leasing fees that are payable upon tenant occupancy, payment of rent or other events beyond Kennedy Wilson's control are recognized upon the occurrence of such events. Interest income from investments in performing loans which Kennedy Wilson originates or acquires are recognized at the stated interest rate plus any amortization of premiums/discounts or fees earned on the loans. Interest income from investments in loans acquired at a discount are recognized using the effective interest method. Since the loans are performing and backed by credit worthy borrowers the Company does not expect significant credit losses but will monitor and evaluate loans in accordance with ASC Topic 326, Financial Instruments - Credit Losses, with ASU 2016-13 Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). When a loan or loans are acquired with deteriorated credit quality primarily for the rewards of collateral ownership, such loans are accounted for as loans until Kennedy Wilson is in possession of the collateral. However, accrual of income is not recorded during the conversion period under ASC Subtopic 310-30-25, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality . Income is recognized to the extent that cash is received from the loan. Sales of real estate are recognized when title to the real property passes to the buyer and there is no continuing involvement in the real property. ASC Subtopic 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets
REAL ESTATE ACQUISITIONS	REAL ESTATE ACQUISITIONS—The purchase price of acquired properties is recorded to land, buildings and building improvements and intangible lease value (value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any). The ownership of the other interest holders in consolidated subsidiaries is reflected as noncontrolling interests. Real estate is recorded based on cumulative costs incurred and allocated based on relative fair value.    The valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate is valued, in part, based on third party valuations and management estimates also using an income approach.
UNCONSOLIDATED INVESTMENTS	UNCONSOLIDATED INVESTMENTS — Kennedy Wilson has a number of joint venture interests that were formed to acquire, manage, and/or sell real estate or real estate related investments. Investments in unconsolidated investments are accounted for under the equity method of accounting as Kennedy Wilson can exercise significant influence, but does not have the ability to control the unconsolidated investment. An investment in an unconsolidated investment is recorded at its initial investment and is increased or decreased by Kennedy Wilson’s share of income or loss, contributions, distributions and foreign currency movements. A decline in the value of an unconsolidated investment that is other than temporary is recognized when evidence indicates that such a decline has occurred in accordance with ASC Topic 323, Investments - Equity Method and Joint Ventures . Additionally, Kennedy Wilson records its investments in commingled funds it manages and sponsors (the "Funds") that are investment companies under ASC Topic 946, Financial Services - Investment Companies , based upon the net assets that would be allocated to its interests in the Funds assuming the Funds were to liquidate their investments at fair value as of the reporting date. Thus, the Funds reflect their investments at fair value, with unrealized gains and losses resulting from changes in fair value reflected in their earnings. Performance fees or carried interest are allocated to the general partner, special limited partner or asset manager of Kennedy Wilson's real estate funds based on the cumulative performance of the fund and are subject to preferred return thresholds of the limited partners. At the end of each reporting period, Kennedy Wilson calculates the performance fee that would be due as if the fair value of the underlying investments were realized as of such date, irrespective of whether such amounts have been realized. As the fair value of underlying investments varies between reporting periods, it is necessary to make adjustments to amounts recorded as performance fees to reflect either (a) positive performance resulting in an increase in the performance fee allocated to the general partner or asset manager or (b) negative performance that would cause the amount due to Kennedy Wilson to be less than the amount previously recognized as revenue, resulting in a negative adjustment to performance fees allocated to the general partner or asset manager. The Company has concluded that performance fees to the Company, based on cumulative fund performance to-date, represent carried interests. For equity method investments, these fees are included as a component of the income reported from the underlying equity method investee and for equity method investments where the fair value option has been elected, these fees are included in the determination of fair value under ASC Topic 820, Fair Value Measurement .
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS — Kennedy Wilson accounts for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis under the provisions of ASC Topic 820. ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When estimating fair value in the absence of an orderly transaction between market participants, valuations of real estate are based on management estimates of the real estate assets using income and market approaches. The indebtedness securing the real estate and the investments in debt securities are valued, in part, based on third party valuations and management estimates also using an income approach. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts.
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS — The estimated fair value of financial instruments is determined using available market information and appropriate valuation methodologies. Considerable judgment, is necessary, however, to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material impact on the estimated fair value amounts.
FOREIGN CURRENCIES	FOREIGN CURRENCIES — The financial statements of Kennedy Wilson's subsidiaries located outside the United States are measured using the local currency as this is their functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The foreign currencies include the euro and the British pound sterling. Cumulative translation adjustments, to the extent not included in cumulative net income, are included in the consolidated statement of equity as a component of accumulated other comprehensive income. Investment level debt is generally incurred in local currencies. Fluctuations in foreign exchanges rates may have a significant impact on the results of the Company's operations. In order to manage currency fluctuations, Kennedy Wilson entered into currency derivative contracts to manage its exposure to currency fluctuations between its functional currency (U.S. dollar) and the functional currency (euro and the British pound) of certain of its wholly-owned and consolidated subsidiaries. KWE has also entered into currency derivative contracts to manage its exposure to euro to British pound currency fluctuations. See Note 5 for a more detailed discussion of Kennedy Wilson's currency derivative contracts.
LONG-LIVED ASSETS	LONG-LIVED ASSETS — Kennedy Wilson reviews its long-lived assets (excluding goodwill) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Subtopic 360-10, Impairment of Long-Lived Assets . Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS COVID-19 LEASE MODIFICATION ACCOUNTING RELIEF—Due to the business disruptions and challenges severely affecting the global economy caused by the COVID-19 pandemic, many lessors may be required to provide rent deferrals and other lease concessions to lessees. While the lease modification guidance in ASC 842 Topic addresses routine changes to lease terms resulting from negotiations between the lessee and the lessor, this guidance did not contemplate concessions being so rapidly executed to address the sudden liquidity constraints of some lessees arising from the COVID-19 pandemic and restrictions intended to prevent its spread. In April 2020, the FASB staff issued a question and answer document (the “Lease Modification Q&A”) focused on the application of lease accounting guidance to lease concessions provided as a result of the COVID-19 pandemic. Under existing lease guidance, on a lease by lease basis the Company would have to determine, if a lease concession was the result of a new arrangement reached with the tenant (treated within the lease modification accounting framework) or if a lease concession was under the enforceable rights and obligations within the existing lease agreement (precluded from applying the lease modification accounting framework). The Lease Modification Q&A allows the Company, if certain criteria have been met, to bypass the lease by lease analysis, and instead elect to either apply the lease modification accounting framework or not, with such election applied consistently to leases with similar characteristics and similar circumstances. The Company had no significant deterioration to its rental collections during the three months ended March 31, 2021. The Company had no significant deterioration to its rental collections during the three months ended March 31, 2021 and leases converted to cash basis revenue recognition were immaterial for the quarter. The Company has received some requests for lease modifications and has granted some deferrals but the amount probable of collection over the lease term generally has not changed so there has been minimal impact to rental revenues from lease modifications. The Company will continue to evaluate the extent of lease concessions granted to tenants as a result of the COVID-19 pandemic in future periods and the elections made by the Company at the time of entering into such concessions. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) , which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The ASU was effective upon issuance on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. The Company is currently evaluating the impact of adopting ASU 2020-04 on its consolidated financial statements as the Company has not had any reference rate reform activities occur through March 31, 2021.
RECLASSIFICATIONS	RECLASSIFICATIONS—Certain balances included in prior year's financial statements have been reclassified to conform to the current year's presentation.
EARNINGS PER SHARE	Basic earnings per share is computed by dividing net loss attributable to Kennedy-Wilson Holdings, Inc. common stockholders by the weighted average number of common shares outstanding. Diluted EPS is computed after adjusting the numerator and denominator of the basic EPS computation for the effects of all potentially dilutive common shares. The dilutive effect of non-vested stock issued under shared‑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.
SEGMENT	The Company evaluates its reportable segments in accordance with the guidance of ASC Topic 280, Segment Reporting . Kennedy Wilson had historically presented Investments and Services as its two main operating segments. As the Company has expanded on its separate account and commingled fund platforms, it determined that the segment presentation detailed below is more indicative to how the business is being run and evaluated by the chief operating decision makers. Unconsolidated investments that had historically been part of the Investments segment and are now included in the Co-Investment Portfolio segment. The Investment Management and Property Services businesses were historically included in the Services segment. The Investment Management business is now presented in the Co-Investment Portfolio segment. This combines the equity the Company invests as well as the fees it earns from its partners on co-investments into one segment to provide a better understanding and evaluation of the total performance of these investments by the Company's chief decision makers. As the Company has grown its Consolidated Portfolio and Co-Investment Portfolio, the Property Services group has had a less significant impact on the Company's results and thus Property Services is now presented in Corporate. With the sale of KWP in the fourth quarter of 2020, the Property Services is no longer part of the Company's results.

Real Estate and In-Place Leas_2

Real Estate and In-Place Lease Value (Tables)	3 Months Ended
	Mar. 31, 2021
Real Estate [Abstract]
Schedule of Investment in Consolidated Real Estate Properties	The following table summarizes Kennedy Wilson's investment in consolidated real estate properties at March 31, 2021 and December 31, 2020: March 31, December 31, (Dollars in millions) 2021 2020 Land $ 1,200.3 $ 1,225.1 Buildings 3,348.7 3,436.0 Building improvements 532.5 546.6 In-place lease values 322.4 327.8 5,403.9 5,535.5 Less accumulated depreciation and amortization (841.2) (815.0) Real estate and acquired in place lease values, net of accumulated depreciation and amortization $ 4,562.7 $ 4,720.5
Lessor, Operating Lease, Payments to be Received, Maturity	The following table summarizes the minimum lease payments due from the Company's tenants on leases with lease periods greater than one year at March 31, 2021: (Dollars in millions) Minimum Rental Revenues (1) 2021 (remainder) $ 146.6 2022 141.8 2023 116.0 2024 94.4 2025 81.2 Thereafter 292.7 Total $ 872.7 (1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

Unconsolidated Investments (Tab

Unconsolidated Investments (Tables)	3 Months Ended
	Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Joint Ventures by Location and Investment Type	The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of March 31, 2021: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 219.4 $ 86.6 $ 99.0 $ 104.4 $ 184.1 $ 693.5 Ireland 383.4 127.8 — 3.4 — 514.6 United Kingdom — 88.9 — 14.0 — 102.9 Total $ 602.8 $ 303.3 $ 99.0 $ 121.8 $ 184.1 $ 1,311.0 The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2020: (Dollars in millions) Multifamily Commercial Hotel Funds Residential and Other Total Western U.S. $ 226.2 $ 83.0 $ 86.3 $ 118.1 $ 180.8 $ 694.4 Ireland 389.7 129.7 — 3.7 — 523.1 United Kingdom — 56.4 — 15.4 — 71.8 Total $ 615.9 $ 269.1 $ 86.3 $ 137.2 $ 180.8 $ 1,289.3
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 three months ended March 31, 2021: Multifamily Commercial Funds Residential and Other Total (Dollars in millions) Operating Investing Operating Investing Operating Investing Operating Investing Operating Investing Western U.S. $ 5.4 $ 12.4 $ 1.8 $ — $ 4.8 $ 5.3 $ — $ 3.5 $ 12.0 $ 21.2 Ireland 1.4 — 3.0 0.4 — — — — 4.4 0.4 Total $ 6.8 $ 12.4 $ 4.8 $ 0.4 $ 4.8 $ 5.3 $ — $ 3.5 $ 16.4 $ 21.6
Schedule of Income (Loss) from Unconsolidated Investments	The following table presents income from unconsolidated investments recognized by Kennedy Wilson during the three and three months ended March 31, 2021 and 2020: Three Months Ended March 31, (Dollars in millions) 2021 2020 Income from unconsolidated investments - operating performance $ 13.5 $ 14.4 Income from unconsolidated investments - realized losses — (0.6) Income from unconsolidated investments - fair value adjustments 5.3 (1.9) Income from unconsolidated investments - performance fees (0.4) (1.0) $ 18.4 $ 10.9

Fair Value Measurements and t_2

Fair Value Measurements and the Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements	The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of March 31, 2021: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,157.8 $ 1,157.8 Net currency derivative contracts — (45.8) — (45.8) Total $ — $ (45.8) $ 1,157.8 $ 1,112.0 The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2020: (Dollars in millions) Level 1 Level 2 Level 3 Total Unconsolidated investments $ — $ — $ 1,136.5 $ 1,136.5 Net currency derivative contracts — (64.0) — (64.0) Total $ — $ (64.0) $ 1,136.5 $ 1,072.5
Schedule of Changes in Level 3 Investments	The following table presents changes in Level 3 investments in Funds and FV Options for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, (Dollars in millions) 2021 2020 Beginning balance $ 1,136.5 $ 1,107.4 Unrealized and realized gains 25.5 27.3 Unrealized and realized losses (9.5) (14.8) Contributions 52.2 44.4 Distributions (35.4) (62.0) Foreign Exchange (13.0) (18.9) Other 1.5 (1.8) Ending Balance $ 1,157.8 $ 1,081.6
Schedule of the Funds and Fair Value Option Investments, Significant Inputs	The table below describes the range of unobservable inputs for real estate assets as of March 31, 2021: Estimated Rates Used for Capitalization Rates Discount Rates Multifamily 3.80% —5.75% 5.75% — 8.15% Office 4.00% — 7.00% 5.00% — 9.00% Retail 5.00% — 8.75% 7.50% — 11.25% Hotel 6.00% —6.00% 7.50% — 8.25% Residential N/A N/A
Schedule of Currency Forward Contracts	The table below details the currency derivative contracts Kennedy Wilson held as of March 31, 2021 and the activity during the three months ended March 31, 2021. (Dollars, Euros and British Pound Sterling in millions) March 31, 2021 Three Months Ended March 31, 2021 Currency Hedged Underlying Currency Notional Hedge Asset Hedge Liability Change in Unrealized Gains (Losses) Realized Gains Interest Expense Cash Paid Outstanding EUR USD € 232.5 $ 4.9 $ 11.5 $ 0.3 $ 8.1 $ 1.0 $ — EUR (1) GBP € 235.2 — 26.1 14.4 — — — EUR (1)(2) GBP — — 27.3 — — — GBP USD £ 435.0 10.6 23.7 (4.4) — 1.1 — Total Outstanding 15.5 61.3 37.6 8.1 2.1 — Settled GBP USD — — (0.2) — — (3.8) Total Settled — — (0.2) — — (3.8) Total $ 15.5 $ 61.3 $ 37.4 (3) $ 8.1 $ 2.1 $ (3.8) (1) Hedge is held by KWE on its wholly-owned subsidiaries. (2) Relates to KWE's Euro Medium Term Note. See discussion in Note 9. (3) Excludes deferred tax benefit of $1.0 million.

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: (Dollars in millions) March 31, 2021 December 31, 2020 Straight line rent receivable $ 45.2 $ 51.6 Goodwill 23.9 23.9 Deferred taxes 22.2 22.1 Other, net of accumulated amortization of $2.2 and $2.1 at March 31, 2021 and December 31, 2020, respectively 21.7 19.0 Furniture and equipment net of accumulated depreciation of $28.1 and $27.2 at March 31, 2021 and December 31, 2020, respectively 20.9 22.3 Hedge assets 13.1 12.0 Above-market leases, net of accumulated amortization of $58.9 and $58.3 at March 31, 2021 and December 31, 2020, respectively 13.1 15.0 Prepaid expenses 13.0 11.8 Right of use asset, net 11.0 11.2 Leasing commissions, net of accumulated amortization of $7.9 and $7.4 at March 31, 2021 and December 31, 2020, respectively 7.3 10.2 Other Assets $ 191.4 $ 199.1
Schedule of Future Minimum Rental Payments for Operating Leases	The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted to calculate the right of use asset and related lease liability for its operating leases in which we are the lessee: (Dollars in millions) Minimum Rental Payments 2021 (remainder) $ 1.1 2022 1.5 2023 0.8 2024 0.5 2025 0.4 Thereafter 32.8 Total undiscounted rental payments 37.1 Less: imputed interest (26.1) Total lease liabilities $ 11.0

Mortgage Debt (Tables)

Mortgage Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Mortgage Loans Payable	The following table details mortgage debt secured by Kennedy Wilson's consolidated properties as of March 31, 2021 and December 31, 2020: (Dollars in millions) Carrying amount of mortgage debt as of (1) Mortgage Debt by Product Type Region March 31, 2021 December 31, 2020 Multifamily (1) Western U.S. $ 1,349.0 $ 1,345.5 Commercial (1) United Kingdom 365.2 429.6 Commercial (1) Ireland 351.8 320.5 Commercial Western U.S. 374.5 375.2 Commercial Spain 41.9 43.6 Hotel Ireland 84.6 88.0 Mortgage debt (excluding loan fees) (1) 2,567.0 2,602.4 Unamortized loan fees (11.7) (12.6) Total Mortgage Debt $ 2,555.3 $ 2,589.8 (1) The mortgage debt balances include unamortized debt premiums. Debt premiums represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized as a reduction of interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized loan premium as of March 31, 2021 and December 31, 2020 was $4.2 million and $4.5 million, respectively.
Schedule of Maturities of Mortgage Loans and Notes Payable	The aggregate maturities of mortgage loans as of March 31, 2021 are as follows: (Dollars in millions) Aggregate Maturities 2021 (remainder) $ 38.7 2022 324.8 2023 365.0 2024 248.0 2025 545.1 Thereafter 1,041.2 2,562.8 Unamortized debt premium 4.2 Unamortized loan fees (11.7) Total Mortgage Debt $ 2,555.3

KW Unsecured Debt (Tables)

KW Unsecured Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt KW Unsecured Debt	The following table details KW unsecured debt as of March 31, 2021 and December 31, 2020: (Dollars in millions) March 31, 2021 December 31, 2020 Credit facility $ 50.0 $ 200.0 Senior notes (1) : 2024 Notes (2) 571.7 1,146.9 2029 Notes 602.2 — 2031 Notes 602.1 — KW unsecured debt 1,826.0 1,346.9 Unamortized loan fees (26.2) (14.7) Total KW Unsecured Debt $ 1,799.8 $ 1,332.2 (1) The senior notes balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium (discount) as of March 31, 2021 and December 31, 2020 was $2.9 million and $(3.1) million, respectively. (2) 2024 Notes were fully redeemed on April 1, 2021. See discussion below. (Dollars in millions) March 31, 2021 December 31, 2020 KWE Bonds $ 510.3 $ 504.7 KWE Euro Medium Term Note Programme 643.7 669.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,154.0 1,174.4 Unamortized loan fees (1.8) (1.9) Total KWE Unsecured Bonds $ 1,152.2 $ 1,172.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of March 31, 2021 and December 31, 2020 was $(2.6) million and $(2.8) million, respectively.

KWE Unsecured Bonds (Tables)

KWE Unsecured Bonds (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of KWE Bonds	The following table details KW unsecured debt as of March 31, 2021 and December 31, 2020: (Dollars in millions) March 31, 2021 December 31, 2020 Credit facility $ 50.0 $ 200.0 Senior notes (1) : 2024 Notes (2) 571.7 1,146.9 2029 Notes 602.2 — 2031 Notes 602.1 — KW unsecured debt 1,826.0 1,346.9 Unamortized loan fees (26.2) (14.7) Total KW Unsecured Debt $ 1,799.8 $ 1,332.2 (1) The senior notes balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized debt premium (discount) as of March 31, 2021 and December 31, 2020 was $2.9 million and $(3.1) million, respectively. (2) 2024 Notes were fully redeemed on April 1, 2021. See discussion below. (Dollars in millions) March 31, 2021 December 31, 2020 KWE Bonds $ 510.3 $ 504.7 KWE Euro Medium Term Note Programme 643.7 669.7 KWE Unsecured Bonds (excluding loan fees) (1) 1,154.0 1,174.4 Unamortized loan fees (1.8) (1.9) Total KWE Unsecured Bonds $ 1,152.2 $ 1,172.5 (1) The KWE unsecured bonds balances include unamortized debt premiums (discounts). Debt premiums (discounts) represent the difference between the fair value of debt and the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. The unamortized premium (discount) as of March 31, 2021 and December 31, 2020 was $(2.6) million and $(2.8) million, respectively.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Schedule of Dividends Declared and Paid	Kennedy Wilson declared and paid the following cash distributions on its preferred and common stock: Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 (Dollars in millions) Declared Paid Declared Paid Preferred Stock $ 4.3 $ 4.3 $ 4.3 $ 3.3 Common Stock (1) 31.0 32.6 31.6 31.6 (1) The difference between declared and paid is the amount accrued on the consolidated balance sheets.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in each component of accumulated other comprehensive loss, net of taxes: (Dollars in millions) Foreign Currency Translation Currency Derivative Contracts Interest Rate Swaps Total Accumulated Other Comprehensive Loss (1) Balance at December 31, 2020 $ (32.2) $ 2.6 $ (5.4) $ (35.0) Unrealized (losses) gains, arising during the period (24.1) 37.4 2.2 15.5 Noncontrolling interests 0.2 — — 0.2 Deferred taxes on unrealized gains, arising during the period 0.3 1.0 (0.5) 0.8 Balance at March 31, 2021 $ (55.8) $ 41.0 $ (3.7) $ (18.5) (1) Includes $358.4 million of inception to date accumulated other comprehensive losses associated with noncontrolling interest holders of KWE that the Company was required to record as part of the KWE Transaction in October 2017.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the elements used in calculating basic and diluted (loss) income per share for the three months ended March 31, 2021 and 2020: Three Months Ended March 31, (Dollars in millions, except share and per share amounts) 2021 2020 Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (5.6) $ (9.9) Weighted average shares outstanding for basic and diluted (1) 138,772,819 140,210,705 Basic loss per basic and diluted share $ (0.04) $ (0.07)

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables summarize income activity by segment and corporate for the three months ended March 31, 2021 and 2020 and balance sheet data as of March 31, 2021 and December 31, 2020: Three Months Ended March 31, 2021 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 88.9 $ — $ — $ 88.9 Hotel 0.8 — — 0.8 Investment management and property services fees — 7.4 0.7 8.1 Loans and other $ — 1.6 — 1.6 Total revenue 89.7 9.0 0.7 99.4 Expenses Rental 33.0 — — 33.0 Hotel 1.6 — — 1.6 Commission and marketing — — 0.3 0.3 Compensation and related 15.1 5.7 13.9 34.7 General and administrative 4.3 1.3 1.2 6.8 Depreciation and amortization 44.4 — — 44.4 Total expenses 98.4 7.0 15.4 120.8 Income from unconsolidated investments, net of depreciation and amortization — 18.4 — 18.4 Gain on sale of real estate, net 73.5 — — 73.5 Interest expense (32.1) — (19.5) (51.6) Loss on early extinguishment of debt — — (14.8) (14.8) Other loss (2.3) — (0.7) (3.0) Provision for income taxes (3.9) — 1.2 (2.7) Net income (loss) 26.5 20.4 (48.5) (1.6) Net loss attributable to noncontrolling interests 0.3 — — 0.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 26.8 $ 20.4 $ (52.8) $ (5.6) Three Months Ended March 31, 2020 (Dollars in millions) Consolidated Co-Investments Corporate Total Revenue Rental $ 107.7 $ — $ — $ 107.7 Hotel 7.2 — — 7.2 Investment management and property services fees — 4.5 3.9 8.4 Loans and other — — — — Total revenue 114.9 4.5 3.9 123.3 Expenses Rental 36.7 — — 36.7 Hotel 6.0 — — 6.0 Commission and marketing — — 0.7 0.7 Compensation and related 11.9 4.6 14.9 31.4 General and administrative 5.6 1.7 2.2 9.5 Depreciation and amortization 45.5 — — 45.5 Total expenses 105.7 6.3 17.8 129.8 Income from unconsolidated investments, net of depreciation and amortization — 10.9 — 10.9 Gain on sale of real estate, net 44.2 — — 44.2 Interest expense (33.4) — (15.4) (48.8) Other (loss) income (0.9) — 0.9 — Provision for income taxes (5.1) — (0.6) (5.7) Net income (loss) 14.0 9.1 (29.0) (5.9) Net loss attributable to noncontrolling interests 0.3 — — 0.3 Preferred dividends and accretion of preferred stock issuance costs — — (4.3) (4.3) Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ 14.3 $ 9.1 $ (33.3) $ (9.9) (Dollars in millions) March 31, 2021 December 31, 2020 Total assets Consolidated $ 5,386.0 $ 5,562.4 Co-investment 1,409.5 1,396.4 Corporate 853.0 370.2 Total assets $ 7,648.5 $ 7,329.0

Guarantor and Non-Guarantor F_2

Guarantor and Non-Guarantor Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2021
Guarantor and Nonguarantor Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 662.2 $ 141.2 $ 635.2 $ — $ 1,438.6 Accounts receivable — — 16.3 30.0 — 46.3 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,003.1 2,559.6 — 4,562.7 Unconsolidated investments — 14.5 464.7 831.8 — 1,311.0 Investments in and advances to consolidated subsidiaries 1,658.2 2,960.1 1,599.6 — (6,217.9) — Other assets — 59.8 62.3 69.3 — 191.4 Loan purchases and originations $ — $ 8.3 $ — $ 90.2 $ — 98.5 Total assets $ 1,658.2 $ 3,704.9 $ 4,287.2 $ 4,216.1 $ (6,217.9) $ 7,648.5 Liabilities and equity Liabilities Accounts payable $ — $ 0.3 $ 4.8 $ 10.5 $ — $ 15.6 Accrued expenses and other liabilities 40.4 246.6 49.9 142.4 — 479.3 Mortgage debt — — 1,272.4 1,282.9 — 2,555.3 KW unsecured debt — 1,799.8 — — — 1,799.8 KWE unsecured bonds — — — 1,152.2 — 1,152.2 Total liabilities 40.4 2,046.7 1,327.1 2,588.0 — 6,002.2 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,617.8 1,658.2 2,960.1 1,599.6 (6,217.9) 1,617.8 Noncontrolling interests — — — 28.5 — 28.5 Total equity 1,617.8 1,658.2 2,960.1 1,628.1 (6,217.9) 1,646.3 Total liabilities and equity $ 1,658.2 $ 3,704.9 $ 4,287.2 $ 4,216.1 $ (6,217.9) $ 7,648.5 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Assets Cash and cash equivalents $ — $ 105.5 $ 174.5 $ 685.1 $ — $ 965.1 Accounts receivable — 0.2 15.5 32.2 — 47.9 Real estate and acquired in place lease values, net of accumulated depreciation and amortization — — 2,009.7 2,710.8 — 4,720.5 Unconsolidated investments — 15.1 459.4 814.8 — 1,289.3 Investments in and advances to consolidated subsidiaries 1,686.5 3,173.4 1,768.4 — (6,628.3) — Other assets — 0.9 69.3 128.9 — 199.1 Loan purchases and originations — 9.4 — 97.7 — 107.1 Total assets $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0 Liabilities Accounts payable $ — $ 0.2 $ 1.9 $ 28.0 $ — 30.1 Accrued expense and other liabilities 42.0 285.6 49.6 154.5 — 531.7 Mortgage debt — — 1,271.9 1,317.9 — 2,589.8 KW unsecured debt — 1,332.2 — — — 1,332.2 KWE unsecured bonds — — — 1,172.5 1,172.5 Total liabilities 42.0 1,618.0 1,323.4 2,672.9 — 5,656.3 Equity Kennedy-Wilson Holdings, Inc. shareholders' equity 1,644.5 1,686.5 3,173.4 1,768.4 (6,628.3) 1,644.5 Noncontrolling interests — — — 28.2 — 28.2 Total equity 1,644.5 1,686.5 3,173.4 1,796.6 (6,628.3) 1,672.7 Total liabilities and equity $ 1,686.5 $ 3,304.5 $ 4,496.8 $ 4,469.5 $ (6,628.3) $ 7,329.0
Consolidating Statement of Operations	Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 46.5 $ 42.4 $ — $ 88.9 Hotel — — — 0.8 — 0.8 Investment management and property services fees — — 5.4 2.7 — 8.1 Loans and other — 0.1 — 1.5 — 1.6 Total revenue — 0.1 51.9 47.4 — 99.4 Expenses Rental — — 17.1 15.9 — 33.0 Hotel — — — 1.6 — 1.6 Commission and marketing — — 0.3 — — 0.3 Compensation and related 8.5 15.8 8.9 1.5 — 34.7 General and administrative — 3.4 1.8 1.6 — 6.8 Depreciation and amortization — 0.3 19.0 25.1 — 44.4 Total expenses 8.5 19.5 47.1 45.7 — 120.8 Income from unconsolidated subsidiaries — 2.9 4.2 11.3 — 18.4 Income from consolidated subsidiaries 6.9 57.2 60.1 — (124.2) — Gain on sale of real estate, net — — — 73.5 — 73.5 Interest expense — (19.5) (11.5) (20.6) — (51.6) Loss on early extinguishment of debt — (14.8) — — — (14.8) Other (loss) income — (0.7) — (2.3) — (3.0) (Loss) income before benefit from (provision for) income taxes (1.6) 5.7 57.6 63.6 (124.2) 1.1 Benefit from (provision for) income taxes — 1.2 (0.4) (3.5) — (2.7) Net (loss) income (1.6) 6.9 57.2 60.1 (124.2) (1.6) Net loss attributable to the noncontrolling interests — — — 0.3 — 0.3 Preferred dividends (4.3) — — — — (4.3) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (5.9) $ 6.9 $ 57.2 $ 60.4 $ (124.2) $ (5.6) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Revenue Rental $ — $ — $ 48.3 $ 59.4 $ — $ 107.7 Hotel — — — 7.2 — 7.2 Investment management and property services fees — — 7.6 0.8 — 8.4 Total revenue — — 55.9 67.4 — 123.3 Expenses Rental — — 17.6 19.1 — 36.7 Hotel — — — 6.0 — 6.0 Commission and marketing — — 0.7 — — 0.7 Compensation and related 8.9 9.8 11.2 1.5 — 31.4 General and administrative — 4.8 3.3 1.4 — 9.5 Depreciation and amortization — 0.4 19.4 25.7 — 45.5 Total expenses 8.9 15.0 52.2 53.7 — 129.8 (Loss) income from unconsolidated investments — (1.0) (2.8) 14.7 — 10.9 Income from consolidated subsidiaries 2.9 33.9 45.5 — (82.3) — Gain on sale of real estate, net — — — 44.2 — 44.2 Interest expense — (15.4) (12.7) (20.7) — (48.8) Other income (loss) — 0.9 — (0.9) — — (Loss) income before provision for income taxes (6.0) 3.4 33.7 51.0 (82.3) (0.2) Provision for income taxes — (0.6) 0.2 (5.3) — (5.7) Net (loss) income (6.0) 2.8 33.9 45.7 (82.3) (5.9) Net income attributable to the noncontrolling interests — — — 0.3 — 0.3 Preferred dividends (4.3) — — — — (4.3) Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders $ (10.3) $ 2.8 $ 33.9 $ 46.0 $ (82.3) $ (9.9)
Consolidated Statement of Comprehensive Income	CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2021 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (1.6) $ 6.9 $ 57.2 $ 60.1 $ (124.2) $ (1.6) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation gain (loss) (23.8) (23.8) 2.8 (23.3) 44.3 (23.8) Amounts reclassified out of AOCI during the period — — — — — — Unrealized currency derivative contracts gain (loss) 38.4 38.4 (3.3) 41.7 (76.8) 38.4 Unrealized gain on interest rate swaps 1.7 1.7 — — (1.7) 1.7 Total other comprehensive income (loss) for the period $ 16.3 $ 16.3 $ (0.5) $ 18.4 $ (34.2) $ 16.3 Comprehensive income $ 14.7 $ 23.2 $ 56.7 $ 78.5 $ (158.4) $ 14.7 Comprehensive loss attributable to noncontrolling interests — — — 0.5 — 0.5 Comprehensive income attributable to Kennedy-Wilson Holdings, Inc. $ 14.7 $ 23.2 $ 56.7 $ 79.0 $ (158.4) $ 15.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2020 (Dollars in millions) Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Elimination Consolidated Total Net (loss) income $ (6.0) $ 2.8 $ 33.9 $ 45.7 $ (82.3) $ (5.9) Other comprehensive (loss) income, net of tax: Unrealized foreign currency translation loss (16.8) (16.8) (49.3) (15.7) 81.8 (16.8) Amounts reclassified out of AOCI during the period 0.2 0.2 — 0.2 (0.4) 0.2 Unrealized currency derivative contracts gain (loss) 13.0 13.0 48.3 (35.3) (26.0) 13.0 Unrealized loss on interest rate swaps (5.6) (5.6) — — 5.6 (5.6) Total other comprehensive loss for the period $ (9.2) $ (9.2) $ (1.0) $ (50.8) $ 61.0 $ (9.2) Comprehensive (loss) income $ (15.2) $ (6.4) $ 32.9 $ (5.1) $ (21.3) $ (15.1) Comprehensive loss attributable to noncontrolling interests — — — 1.8 — 1.8 Comprehensive (loss) income attributable to Kennedy-Wilson Holdings, Inc. $ (15.2) $ (6.4) $ 32.9 $ (3.3) $ (21.3) $ (13.3)
Condensed Consolidated Statement of Cash Flows	Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.8) $ (142.9) $ 33.3 $ 33.8 $ (76.6) Cash flows from investing activities: Issuance of loans — (0.4) — (12.5) (12.9) Proceeds from loan repayments and sales — 0.5 — 19.3 19.8 Net proceeds from sale of real estate — — — 228.3 228.3 Capital expenditures to real estate — — (12.2) (35.1) (47.3) Distributions from unconsolidated investments — 3.5 5.3 12.8 21.6 Contributions to unconsolidated investments — — (13.1) (39.7) (52.8) Proceeds from settlement of foreign forward contracts — — (3.8) — (3.8) Distributions from (investments in) consolidated subsidiaries, net 52.0 235.7 (47.6) (240.1) — Net cash provided by (used in) investing activities 52.0 239.3 (71.4) (67.0) 152.9 Cash flows from financing activities: Borrowings under senior notes payable — 1,204.3 — — 1,204.3 Repayment of senior notes payable — (576.9) — — (576.9) Repayment of line of credit — (150.0) — — (150.0) Borrowings under investment debt — — 5.4 45.0 50.4 Repayment of investment debt — — (0.6) (67.1) (67.7) Debt issue costs — (17.1) — — (17.1) Repurchase and retirement of common stock (14.3) — — — (14.3) Dividends paid (32.6) — — — (32.6) Preferred dividends paid (4.3) — — — (4.3) Contributions from noncontrolling interests — — — 0.9 0.9 Distributions to noncontrolling interests — — (0.1) (0.1) Net cash (used in) provided by financing activities (51.2) 460.3 4.8 (21.3) 392.6 Effect of currency exchange rate changes on cash and cash equivalents — — — 4.6 4.6 Net change in cash and cash equivalents — 556.7 (33.3) (49.9) 473.5 Cash and cash equivalents, beginning of period — 105.5 174.5 685.1 965.1 Cash and cash equivalents, end of period $ — $ 662.2 $ 141.2 $ 635.2 $ 1,438.6 Parent Kennedy-Wilson, Inc. Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidated Total Net cash (used in) provided by operating activities $ (0.1) $ (70.3) $ (13.8) $ 47.6 $ (36.6) Cash flows from investing activities: Issuance of loans — (6.3) — — (6.3) Collections of loans — — — 33.0 33.0 Net proceeds from sale of real estate — — — 182.0 182.0 Capital expenditures to real estate — — (17.3) (20.2) (37.5) Distributions from unconsolidated investments — 4.0 31.4 43.9 79.3 Contributions to unconsolidated investments — (0.1) (13.7) (31.5) (45.3) Proceeds from development project assets — — — 2.3 2.3 Proceeds from settlement of foreign derivative contracts — — 32.5 — 32.5 Distributions from (investments in) consolidated subsidiaries, net 29.8 116.4 13.0 (159.2) — Net cash provided by investing activities 29.8 114.0 45.9 50.3 240.0 Cash flows from financing activities: Issuance of shareholder loans to noncontrolling interests — — — 0.3 0.3 Borrowings under investment debt — — 6.7 16.0 22.7 Repayment of investment debt — — (50.1) (1.5) (51.6) Debt issue costs — (4.3) — — (4.3) Repurchase and retirement of common stock (25.6) — — — (25.6) Common dividends paid (31.6) — — — (31.6) Preferred dividends paid (3.3) — — — (3.3) Contributions from noncontrolling interests — — — 0.3 0.3 Distributions to noncontrolling interests — — — (0.2) (0.2) Net cash (used in) provided by financing activities (60.5) (4.3) (43.4) 14.9 (93.3) Effect of currency exchange rate changes on cash and cash equivalents — — — (18.4) (18.4) Net change in cash and cash equivalents (30.8) 39.4 (11.3) 94.4 91.7 Cash and cash equivalents, beginning of period 30.8 6.4 102.7 434.0 573.9 Cash and cash equivalents, end of period $ — $ 45.8 $ 91.4 $ 528.4 $ 665.6

Summary of Significant Accoun_3

Summary of Significant Accounting Polices and Adoption of New Accounting Pronouncements (Details)	Mar. 31, 2021investment
Accounting Policies [Abstract]
Fair value, option, number of investments	30

Real Estate and In-Place Leas_3

Real Estate and In-Place Lease Value - Schedule of Investments in Consolidated Properties (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Real Estate [Abstract]
Land	$ 1,200.3	$ 1,225.1
Buildings	3,348.7	3,436
Building improvements	532.5	546.6
In-place lease values	322.4	327.8
Real estate, gross	5,403.9	5,535.5
Less accumulated depreciation and amortization	(841.2)	(815)
Real estate and acquired in place lease values, net of accumulated depreciation and amortization	$ 4,562.7	$ 4,720.5

Real Estate and In-Place Leas_4

Real Estate and In-Place Lease Value - Additional Information (Details)	3 Months Ended
	Mar. 31, 2021USD ($)
Real Estate [Line Items]
Business combination, equity interest in acquiree	$ 0
Leases, Acquired-in-Place
Real Estate [Line Items]
Acquired in-place lease estimated useful life	7 years 8 months 12 days
Building and Building Improvements | Maximum
Real Estate [Line Items]
Buildings and building improvements estimated lives	40 years

Real Estate and In-Place Leas_5

Real Estate and In-Place Lease Value - Gains on Sale of Real Estate, Net (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)property
Real Estate [Line Items]
Gain on sale of real estate, net | $	$ 73.5	$ 44.2
Gain (loss) on sale of real estate and cost of real estate sold | $		$ 44.2
Revenue from Contract with Customer, Excluding Assessed Tax
Real Estate [Line Items]
Allowance for Loan and Lease Losses, Write-offs | $	7.7
Other Depreciation And Amortization
Real Estate [Line Items]
Allowance for Loan and Lease Losses, Write-offs | $	$ 2.7
Multifamily | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		1
Retail | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		11
Industrial Property | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		1
Office Property | United Kingdom
Real Estate [Line Items]
Number of real estate properties sold | property		1

Real Estate and In-Place Leas_6

Real Estate and In-Place Lease Value - Future Minimum Lease To Be Received (Details) $ in Millions	Mar. 31, 2021USD ($)
Real Estate [Abstract]
2021 (remainder)	$ 146.6
2022	141.8
2023	116
2024	94.4
2025	81.2
Thereafter	292.7
Total	$ 872.7

Unconsolidated Investments - Na

Unconsolidated Investments - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)joint_venturepropertyfund	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Schedule of Equity Method Investments [Line Items]
Payments to joint venture	$ 52.8
Proceeds from equity method investments	38
Income from unconsolidated investments	18.4	$ 10.9
Income (loss) from unconsolidated investments, other	11.4
Fair value of unconsolidated investments	$ 1,157.8		$ 1,136.5
Number of joint ventures with unfulfilled capital commitments | joint_venture	5
Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 100
Equity Method Investments Closed-End Funds
Schedule of Equity Method Investments [Line Items]
Unfunded capital commitments	$ 79.8
Number of closed-end funds | fund	3
Vintage Housing Holdings
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 136.1		142.9
Ireland | Joint Venture
Schedule of Equity Method Investments [Line Items]
Number of properties generating distributions | property	2
Recurring
Schedule of Equity Method Investments [Line Items]
Fair value of unconsolidated investments	$ 1,157.8		$ 1,136.5
Minimum
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	5.00%
Maximum
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%

Unconsolidated Investments - Sc

Unconsolidated Investments - Schedule of Joint Ventures (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 1,311	$ 1,289.3
Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	602.8	615.9
Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	303.3	269.1
Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	99	86.3
Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	121.8	137.2
Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	184.1	180.8
Western U.S.
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	693.5	694.4
Western U.S. | Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	219.4	226.2
Western U.S. | Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	86.6	83
Western U.S. | Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	99	86.3
Western U.S. | Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	104.4	118.1
Western U.S. | Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	184.1	180.8
Ireland
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	514.6	523.1
Ireland | Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	383.4	389.7
Ireland | Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	127.8	129.7
Ireland | Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
Ireland | Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	3.4	3.7
Ireland | Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	102.9	71.8
United Kingdom | Multifamily
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom | Commercial
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	88.9	56.4
United Kingdom | Hotel
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	0	0
United Kingdom | Funds
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	14	15.4
United Kingdom | Residential and Other
Schedule of Equity Method Investments [Line Items]
Investments in joint ventures	$ 0	$ 0

Unconsolidated Investments - Ca

Unconsolidated Investments - Cash Distributions by Investment Type and Location (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Schedule of Equity Method Investments [Line Items]
Operating	$ 16.4
Investing	21.6	$ 79.3
Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	6.8
Investing	12.4
Commercial
Schedule of Equity Method Investments [Line Items]
Operating	4.8
Investing	0.4
Funds
Schedule of Equity Method Investments [Line Items]
Operating	4.8
Investing	5.3
Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	3.5
Western U.S.
Schedule of Equity Method Investments [Line Items]
Operating	12
Investing	21.2
Western U.S. | Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	5.4
Investing	12.4
Western U.S. | Commercial
Schedule of Equity Method Investments [Line Items]
Operating	1.8
Investing	0
Western U.S. | Funds
Schedule of Equity Method Investments [Line Items]
Operating	4.8
Investing	5.3
Western U.S. | Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	3.5
Ireland
Schedule of Equity Method Investments [Line Items]
Operating	4.4
Investing	0.4
Ireland | Multifamily
Schedule of Equity Method Investments [Line Items]
Operating	1.4
Investing	0
Ireland | Commercial
Schedule of Equity Method Investments [Line Items]
Operating	3
Investing	0.4
Ireland | Funds
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	0
Ireland | Residential and Other
Schedule of Equity Method Investments [Line Items]
Operating	0
Investing	$ 0

Unconsolidated Investments - In

Unconsolidated Investments - Income From Unconsolidated Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Income from unconsolidated investments - operating performance	$ 13.5	$ 14.4
Income from unconsolidated investments - realized losses	0	(0.6)
Income from unconsolidated investments - fair value adjustments	5.3	(1.9)
Income from unconsolidated investments - performance fees	(0.4)	(1)
Income from unconsolidated investments	$ 18.4	$ 10.9

Fair Value Measurements and t_3

Fair Value Measurements and the Fair Value Option - Schedule of Fair Value Measurements (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	$ 1,157.8	$ 1,136.5
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,157.8	1,136.5
Total	1,112	1,072.5
Recurring | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(45.8)	(64)
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	0	0
Recurring | Level 1 | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	0	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	0	0
Total	(45.8)	(64)
Recurring | Level 2 | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	(45.8)	(64)
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unconsolidated investments	1,157.8	1,136.5
Total	1,157.8	1,136.5
Recurring | Level 3 | Currency Derivative Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net currency derivative contracts	$ 0	$ 0

Fair Value Measurements and t_4

Fair Value Measurements and the Fair Value Option - Unconsolidated Investments, Narrative (Details) $ in Millions	Mar. 31, 2021USD ($)investment	Dec. 31, 2020USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, option, number of investments | investment	30
Equity Method Investments
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value option	$ 1,035.9	$ 999.2
Alternative investment	121.9	$ 137.3
Unfunded capital commitments	100
Equity Method Investments Closed-End Funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Unfunded capital commitments	$ 79.8

Fair Value Measurements and t_5

Fair Value Measurements and the Fair Value Option - Schedule of Changes in Level 3 Investments (Details) - Equity Method Investments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,136.5	$ 1,107.4
Unrealized and realized gains	25.5	27.3
Unrealized and realized losses	(9.5)	(14.8)
Contributions	52.2	44.4
Distributions	(35.4)	(62)
Other	1.5	(1.8)
Ending Balance	1,157.8	1,081.6
Level 3 | Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Foreign Exchange	$ (13)	$ (18.9)

Fair Value Measurements and t_6

Fair Value Measurements and the Fair Value Option - Schedule of Significant Inputs (Details)	Mar. 31, 2021
Capitalization Rates | Multifamily | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0380
Capitalization Rates | Multifamily | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0575
Capitalization Rates | Office | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0400
Capitalization Rates | Office | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0700
Capitalization Rates | Retail | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0500
Capitalization Rates | Retail | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0875
Capitalization Rates | Hotel | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0600
Capitalization Rates | Hotel | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0600
Discount Rates | Multifamily | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0575
Discount Rates | Multifamily | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0815
Discount Rates | Office | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0500
Discount Rates | Office | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0900
Discount Rates | Retail | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0750
Discount Rates | Retail | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.1125
Discount Rates | Hotel | Minimum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0750
Discount Rates | Hotel | Maximum | Level 3 | Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0825
Measurement Input, Credit Spread | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0037
Measurement Input, Credit Spread | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.0490

Fair Value Measurements and t_7

Fair Value Measurements and the Fair Value Option - Derivatives Financial Instruments (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021EUR (€)	Mar. 31, 2021USD ($)	Mar. 31, 2021GBP (£)	Dec. 31, 2020USD ($)
Derivative [Line Items]
Hedge Asset				$ 13.1		$ 12
Interest Expense	$ 51.6	$ 48.8
Cash Paid
Deferred taxes on unrealized gains, arising during the period	0.8
Unrealized (losses) gains, arising during the period	15.5
Euro
Cash Paid
Percentage of assets hedged (as a percent)			96.00%	96.00%	96.00%
Gibraltar, Pounds
Cash Paid
Percentage of assets hedged (as a percent)			87.00%	87.00%	87.00%
Foreign Currency Translation
Cash Paid
Deferred taxes on unrealized gains, arising during the period	0.3
Unrealized (losses) gains, arising during the period	(24.1)
Currency Derivative Contracts | Foreign Currency Derivative Contracts
Cash Paid
Deferred taxes on unrealized gains, arising during the period	1
Unrealized (losses) gains, arising during the period	37.4
Designated as Hedging Instrument | Currency Derivative Contracts | Level 2
Derivative [Line Items]
Hedge Asset				$ 15.5
Hedge Liability				61.3
Change in Unrealized Gains (Losses)	37.4
Realized Gains	8.1
Cash Paid
Total	(3.8)
Designated as Hedging Instrument | Currency Derivative Contracts | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense	2.1
Designated as Hedging Instrument | Derivatives Outstanding | Level 2
Derivative [Line Items]
Hedge Asset				15.5
Hedge Liability				61.3
Change in Unrealized Gains (Losses)	37.6
Realized Gains	8.1
Cash Paid
Cash paid	0
Designated as Hedging Instrument | Derivatives Outstanding | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense	2.1
Designated as Hedging Instrument | Foreign Exchange Contract, One
Derivative [Line Items]
Notional | €			€ 232.5
Designated as Hedging Instrument | Foreign Exchange Contract, One | Level 2
Derivative [Line Items]
Hedge Asset				4.9
Hedge Liability				11.5
Change in Unrealized Gains (Losses)	0.3
Realized Gains	8.1
Cash Paid
Cash paid	0
Designated as Hedging Instrument | Foreign Exchange Contract, One | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense	1
Designated as Hedging Instrument | Foreign Exchange Contract, Two | KWE
Derivative [Line Items]
Notional | €			€ 235.2
Designated as Hedging Instrument | Foreign Exchange Contract, Two | Level 2 | KWE
Derivative [Line Items]
Hedge Asset				0
Hedge Liability				26.1
Change in Unrealized Gains (Losses)	14.4
Realized Gains	0
Cash Paid
Cash paid	0
Designated as Hedging Instrument | Foreign Exchange Contract, Two | Level 2 | KWE | Interest Expense
Derivative [Line Items]
Interest Expense	0
Designated as Hedging Instrument | Foreign Exchange Contract, Three | Level 2 | KWE
Derivative [Line Items]
Hedge Asset				0
Hedge Liability				0
Change in Unrealized Gains (Losses)	27.3
Realized Gains	0
Cash Paid
Cash paid	0
Designated as Hedging Instrument | Foreign Exchange Contract, Three | Level 2 | KWE | Interest Expense
Derivative [Line Items]
Interest Expense	0
Designated as Hedging Instrument | Foreign Exchange Contract, Four
Derivative [Line Items]
Notional | £					£ 435
Designated as Hedging Instrument | Foreign Exchange Contract, Four | Level 2
Derivative [Line Items]
Hedge Asset				10.6
Hedge Liability				23.7
Change in Unrealized Gains (Losses)	(4.4)
Realized Gains	0
Cash Paid
Cash paid	0
Designated as Hedging Instrument | Foreign Exchange Contract, Four | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense	1.1
Designated as Hedging Instrument | Derivative Settled | Level 2
Derivative [Line Items]
Hedge Asset				0
Hedge Liability				0
Change in Unrealized Gains (Losses)	(0.2)
Realized Gains	0
Cash Paid
Cash paid	(3.8)
Designated as Hedging Instrument | Derivative Settled | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense	0
Designated as Hedging Instrument | Foreign Exchange Contract, Six | Level 2
Derivative [Line Items]
Hedge Asset				0
Hedge Liability				$ 0
Change in Unrealized Gains (Losses)	(0.2)
Realized Gains	0
Cash Paid
Cash paid	(3.8)
Designated as Hedging Instrument | Foreign Exchange Contract, Six | Level 2 | Interest Expense
Derivative [Line Items]
Interest Expense	$ 0

Fair Value Measurements and t_8

Fair Value Measurements and the Fair Value Option - Interest Rate Swaps and Fair Value of Financial Instruments, Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Expense	$ 51,600,000	$ 48,800,000
Unrealized (losses) gains, arising during the period	15,500,000
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	5,500,000,000		$ 5,100,000,000
Level 2 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt fair value	5,300,000,000		$ 5,200,000,000
Interest Rate Swaps
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional	138,400,000
Interest Expense	300,000
Interest Rate Swaps | Foreign Currency Derivative Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized (losses) gains, arising during the period	$ 2,200,000

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Other Assets [Abstract]
Straight line rent receivable	$ 45.2	$ 51.6
Goodwill	23.9	23.9
Deferred taxes	22.2	22.1
Other, net of accumulated amortization of $2.2 and $2.1 at March 31, 2021 and December 31, 2020, respectively	21.7	19
Hedge assets	13.1	12
Prepaid expenses	13	11.8
Right of use asset, net	11	11.2
Leasing commissions, net of accumulated amortization of $7.9 and $7.4 at March 31, 2021 and December 31, 2020, respectively	7.3	10.2
Other Assets	191.4	199.1
Accumulated amortization, other	2.2	2.1
Accumulated amortization, leasing commissions	7.9	7.4
Above Market Leases
Other Assets [Abstract]
Above-market leases, net of accumulated amortization of $58.9 and $58.3 at March 31, 2021 and December 31, 2020, respectively	13.1	15
Accumulated amortization, above-market leases	58.9	58.3
Furniture and Equipment
Other Assets [Abstract]
Furniture and equipment net of accumulated depreciation of $28.1 and $27.2 at March 31, 2021 and December 31, 2020, respectively	20.9	22.3
Accumulated amortization, office furniture and equipment	$ 28.1	$ 27.2

Other Assets - Additional Infor

Other Assets - Additional Information (Details)	3 Months Ended
	Mar. 31, 2021lease
Minimum
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	2 years
Maximum
Real Estate [Line Items]
Operating lease, weighted average remaining lease term	238 years
Loans and other
Real Estate [Line Items]
Lessee, operating lease, number of contracts	3
Land
Real Estate [Line Items]
Lessee, operating lease, number of contracts	3

Other Assets - Schedule of Futu

Other Assets - Schedule of Future Minimum Rental Payments (Details) $ in Millions	Mar. 31, 2021USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
2021 (remainder)	$ 1.1
2022	1.5
2023	0.8
2024	0.5
2025	0.4
Thereafter	32.8
Total undiscounted rental payments	37.1
Less: imputed interest	(26.1)
Total lease liabilities	$ 11

Mortgage Debt - Schedule of Mor

Mortgage Debt - Schedule of Mortgage Debt (Details) - Mortgage debt - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 2,567	$ 2,602.4
Unamortized loan fees	(11.7)	(12.6)
Total debt	2,555.3	2,589.8
Unamortized discount (premium)	(4.2)	(4.5)
Mortgage Loans Secured by Multi-Family Properties | Western U.S.
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,349	1,345.5
Mortgage Loans Secured by Commercial | Western U.S.
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	374.5	375.2
Mortgage Loans Secured by Commercial | United Kingdom
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	365.2	429.6
Mortgage Loans Secured by Commercial | Ireland
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	351.8	320.5
Mortgage Loans Secured by Commercial | Spain
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	41.9	43.6
Mortgage Loans Secured by Hotel | Ireland
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 84.6	$ 88

Mortgage Debt - Mortgage Debt,

Mortgage Debt - Mortgage Debt, Additional Information (Details) - Mortgage debt - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Weighted-average interest rate of investment debt	3.31%
Percent of property level debt with fixed rate	82.00%	73.00%
Percent of property level debt with floating rate and interest caps	9.00%	13.00%
Percent of property level debt with floating rate, without interest caps	9.00%	14.00%
Weighted average cap strike price	1.68%
Total waivers on debt covenants in loan agreements	$ 258.9
Percent of consolidated mortgage balance	7.00%

Mortgage Debt - Schedule of Mat

Mortgage Debt - Schedule of Maturities (Details) - Mortgage debt - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
2021 (remainder)	$ 38.7
2022	324.8
2023	365
2024	248
2025	545.1
Thereafter	1,041.2
Long-term debt, gross	2,562.8
Unamortized debt premium	4.2
Unamortized loan fees	(11.7)	$ (12.6)
Total debt	$ 2,555.3	$ 2,589.8

KW Unsecured Debt - Schedule of

KW Unsecured Debt - Schedule of Unsecured Debt (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
KW unsecured debt
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 1,826	$ 1,346.9
Unamortized loan fees	(26.2)	(14.7)
Total debt	1,799.8	1,332.2
Unamortized discount (premium)	2.9	(3.1)
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	50	200
2024 Notes | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	571.7	1,146.9
2029 Notes | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	602.2	0
2031 Notes | Revolving Credit Facility
Debt Instrument [Line Items]
Debt (excluding loan fees)	$ 602.1	$ 0

KW Unsecured Debt - Borrowings

KW Unsecured Debt - Borrowings Under Credit Facilities (Details) - A&R Facility - Line of Credit - Revolving Credit Facility - USD ($)	Mar. 25, 2020	Mar. 31, 2021
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 500,000,000
Maturity of extension	1 year
Maximum consolidated leverage ratio	65.00%
Fixed charge coverage ratio, measurement period	12 months
Covenant, percent of new equity offerings	50.00%
Maximum amount outstanding during period		$ 50,000,000
Remaining borrowing capacity		450,000,000
Average outstanding amount		$ 165,600,000
Maximum secured recourse leverage multiplier	1.5
Minimum
Line of Credit Facility [Line Items]
Fixed charge coverage ratio	1.70
Tangible net worth	$ 1,700,000,000
Liquidity	$ 75,000,000
Maximum
Line of Credit Facility [Line Items]
Secured recourse leverage ratio	3.50%
Liquidity	$ 299,000,000
Adjusted secured leverage ratio	55.00%
LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	1.75%
LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as percent)	2.50%

KW Unsecured Debt - Senior Note

KW Unsecured Debt - Senior Notes (Details) - USD ($)	Apr. 01, 2021	Feb. 11, 2021	Mar. 31, 2021	Mar. 31, 2020	Mar. 15, 2021	Feb. 09, 2021	Jan. 27, 2021
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 14,800,000	$ 0
Senior Notes | Maximum
Debt Instrument [Line Items]
Balance sheet leverage ratio			1.50
Balance sheet leverage at period end			1.16
Senior Notes | 4.75% Senior Notes Due 2029 and 5% Senior Notes Due 2031
Debt Instrument [Line Items]
Redemption price (as a percent)		100.00%
Redemption amount (as a percent)		40.00%
Senior Notes | 4.75% Senior Notes Due 2029 and 5% Senior Notes Due 2031 | Maximum
Debt Instrument [Line Items]
Redemption price (as a percent)		101.00%
Senior Notes | 2029 Notes
Debt Instrument [Line Items]
Debt face value		$ 500,000,000			$ 100,000,000
Interest rate (as a percent)		4.75%
Loss on extinguishment of debt			$ 14,800,000
Senior Notes | 2029 Notes | Subsequent Event
Debt Instrument [Line Items]
Debt redeemed	$ 573,500,000
Senior Notes | 2031 Notes
Debt Instrument [Line Items]
Debt face value		$ 500,000,000			$ 100,000,000
Interest rate (as a percent)		5.00%
Senior Notes | 2024 Notes
Debt Instrument [Line Items]
Debt face value			$ 1,200,000,000
Interest rate (as a percent)			5.875%
Total repurchase amount							$ 1,000,000,000
Debt instrument, repurchase amount						$ 576,900,000
Senior Notes | 2024 Notes | Subsequent Event
Debt Instrument [Line Items]
Interest rate (as a percent)	5.875%
Redemption price (as a percent)	100.979%
Loss on extinguishment of debt	$ 11,700,000

KWE Unsecured Bonds - Schedule

KWE Unsecured Bonds - Schedule of KWE Unsecured Bonds (Details) - KWE unsecured bonds - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt	$ 1,152.2	$ 1,172.5
KWE
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	1,154	1,174.4
Unamortized loan fees	(1.8)	(1.9)
Total debt	1,152.2	1,172.5
Unamortized discount (premium)	(2.6)	(2.8)
KWE | KWE Bonds
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	510.3	504.7
KWE | KWE Euro Medium Term Note Programme
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 643.7	$ 669.7

KWE Unsecured Bonds - Additiona

KWE Unsecured Bonds - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2021EUR (€)	Mar. 31, 2020USD ($)	Mar. 31, 2021GBP (£)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Unrealized foreign currency translation gain	$ 23.8		$ 16.8
KWE
Debt Instrument [Line Items]
Unrealized foreign currency translation gain	27.3
KWE | KWE unsecured bonds
Debt Instrument [Line Items]
Mortgage debt (excluding loan fees)	$ 1,154				$ 1,174.4
Maximum percentage of total assets	60.00%			60.00%
Maximum ratio of consolidated secured indebtedness to total assets	50.00%			50.00%
Interest coverage ratio	1.50			1.50
Maximum ratio of unencumbered assets to unsecured indebtedness	125.00%			125.00%
KWE | KWE unsecured bonds | KWE Bonds
Debt Instrument [Line Items]
Debt face value | £				£ 369,800,000
Interest rate (as a percent)	3.95%			3.95%
Mortgage debt (excluding loan fees)	$ 510.3				504.7
Effective interest rate	3.35%			3.35%
Percentage of proceeds converted to Euros with swaps	50.00%	50.00%
KWE | KWE unsecured bonds | KWE Euro Medium Term Note Programme
Debt Instrument [Line Items]
Debt face value	$ 2,800			£ 2,000,000,000
Mortgage debt (excluding loan fees)	643.7				$ 669.7
Proceeds from issuance of debt	$ 646.3	€ 550,000,000
Annual fixed coupon rate	3.25%			3.25%

Equity - Dividend Distributions

Equity - Dividend Distributions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Declared
Preferred Stock	$ 4.3	$ 4.3
Common stock	31	31.6
Paid
Preferred Stock	4.3	3.3
Common stock	$ 32.6	$ 31.6

Equity - Share-Based Compensati

Equity - Share-Based Compensation (Details) - Restricted Stock - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7.7	$ 8.6
Shares paid for tax withholding for share based compensation (in shares)	658,293	409,716
Payments related to tax withholding for share-based compensation	$ 14.1	$ 9.1

Equity - Common Stock Repurchas

Equity - Common Stock Repurchase Program (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Nov. 04, 2020	Nov. 03, 2020
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock to repurchase			$ 500,000,000	$ 250,000,000
Shares retired due to common stock repurchase program		$ (16,600,000)
Common Stock
Equity, Class of Treasury Stock [Line Items]
Shares retired due to common stock repurchase program (in shares)	10,281	858,496
Shares retired due to common stock repurchase program	$ (200,000)	$ (16,600,000)

Equity - Accumulated Other Comp

Equity - Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	$ 1,672.7
Unrealized (losses) gains, arising during the period	15.5
Noncontrolling interests	0.2
Deferred taxes on unrealized gains, arising during the period	0.8
Balance end of period	1,646.3
Accumulated other comprehensive loss	(377.1)	$ (393.6)
Total Accumulated Other Comprehensive Income Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(35)
Balance end of period	(18.5)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(32.2)
Unrealized (losses) gains, arising during the period	(24.1)
Noncontrolling interests	0.2
Deferred taxes on unrealized gains, arising during the period	0.3
Balance end of period	(55.8)
Foreign Currency Derivative Contracts | Currency Derivative Contracts
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	2.6
Unrealized (losses) gains, arising during the period	37.4
Noncontrolling interests	0
Deferred taxes on unrealized gains, arising during the period	1
Balance end of period	41
Foreign Currency Derivative Contracts | Interest Rate Swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance beginning of period	(5.4)
Unrealized (losses) gains, arising during the period	2.2
Noncontrolling interests	0
Deferred taxes on unrealized gains, arising during the period	(0.5)
Balance end of period	(3.7)
Interest Rate Swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Accumulated other comprehensive loss	$ 358.4

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	$ (5.6)	$ (9.9)
Weighted average shares outstanding for basic (in shares)	138,772,819	140,210,705
(Loss) income per share (in dollars per share)	$ (0.04)	$ (0.07)
Potentially dilutive securities (in shares)	15,134,775	14,091,050

Segment Information (Details)

Segment Information (Details) $ in Millions		3 Months Ended
		Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment		2
Revenue
Total revenue		$ 99.4	$ 123.3
Expenses
General and administrative		6.8	9.5
Depreciation and amortization		44.4	45.5
Total expenses		120.8	129.8
Non-operating income (expense)
Income from unconsolidated investments		18.4	10.9
Gain on sale of real estate, net		73.5	44.2
Interest expense		(51.6)	(48.8)
Loss on early extinguishment of debt		(14.8)	0
Other loss		(3)	0
Provision for income taxes		(2.7)	(5.7)
Net loss		(1.6)	(5.9)
Net loss attributable to noncontrolling interests		0.3	0.3
Preferred dividends and accretion of preferred stock issuance costs		(4.3)	(4.3)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(5.6)	(9.9)
Segment Reporting Information, Assets [Abstract]
Total assets	[1]	7,648.5		$ 7,329
Rental
Revenue
Total revenue		88.9	107.7
Expenses
Cost of goods and services		33	36.7
Hotel
Revenue
Total revenue		0.8	7.2
Expenses
Cost of goods and services		1.6	6
Investment management and property services fees
Revenue
Total revenue		8.1	8.4
Loans and other
Revenue
Total revenue		1.6	0
Commission and marketing
Expenses
Cost of goods and services		0.3	0.7
Compensation and related
Expenses
Cost of goods and services		34.7	31.4
Corporate
Revenue
Total revenue		0.7	3.9
Expenses
General and administrative		1.2	2.2
Depreciation and amortization		0	0
Total expenses		15.4	17.8
Non-operating income (expense)
Income from unconsolidated investments		0	0
Gain on sale of real estate, net		0	0
Interest expense		(19.5)	(15.4)
Loss on early extinguishment of debt		(14.8)
Other loss		(0.7)	0.9
Provision for income taxes		1.2	(0.6)
Net loss		(48.5)	(29)
Net loss attributable to noncontrolling interests		0	0
Preferred dividends and accretion of preferred stock issuance costs		(4.3)
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		(52.8)	(33.3)
Segment Reporting Information, Assets [Abstract]
Total assets		853		370.2
Corporate | Rental
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Corporate | Hotel
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Corporate | Investment management and property services fees
Revenue
Total revenue		0.7	3.9
Corporate | Loans and other
Revenue
Total revenue		0	0
Corporate | Commission and marketing
Expenses
Cost of goods and services		0.3	0.7
Corporate | Compensation and related
Expenses
Cost of goods and services		13.9	14.9
Consolidated | Operating Segments
Revenue
Total revenue		89.7	114.9
Expenses
General and administrative		4.3	5.6
Depreciation and amortization		44.4	45.5
Total expenses		98.4	105.7
Non-operating income (expense)
Income from unconsolidated investments		0	0
Gain on sale of real estate, net		73.5	44.2
Interest expense		(32.1)	(33.4)
Loss on early extinguishment of debt		0
Other loss		(2.3)	(0.9)
Provision for income taxes		(3.9)	(5.1)
Net loss		26.5	14
Net loss attributable to noncontrolling interests		0.3	0.3
Preferred dividends and accretion of preferred stock issuance costs		0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		26.8	14.3
Segment Reporting Information, Assets [Abstract]
Total assets		5,386		5,562.4
Consolidated | Operating Segments | Rental
Revenue
Total revenue		88.9	107.7
Expenses
Cost of goods and services		33	36.7
Consolidated | Operating Segments | Hotel
Revenue
Total revenue		0.8	7.2
Expenses
Cost of goods and services		1.6	6
Consolidated | Operating Segments | Investment management and property services fees
Revenue
Total revenue		0	0
Consolidated | Operating Segments | Loans and other
Revenue
Total revenue		0	0
Consolidated | Operating Segments | Commission and marketing
Expenses
Cost of goods and services		0	0
Consolidated | Operating Segments | Compensation and related
Expenses
Cost of goods and services		15.1	11.9
Co-Investments | Operating Segments
Revenue
Total revenue		9	4.5
Expenses
General and administrative		1.3	1.7
Depreciation and amortization		0	0
Total expenses		7	6.3
Non-operating income (expense)
Income from unconsolidated investments		18.4	10.9
Gain on sale of real estate, net		0	0
Interest expense		0	0
Loss on early extinguishment of debt		0
Other loss		0	0
Provision for income taxes		0	0
Net loss		20.4	9.1
Net loss attributable to noncontrolling interests		0	0
Preferred dividends and accretion of preferred stock issuance costs		0	0
Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders		20.4	9.1
Segment Reporting Information, Assets [Abstract]
Total assets		1,409.5		$ 1,396.4
Co-Investments | Operating Segments | Rental
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Co-Investments | Operating Segments | Hotel
Revenue
Total revenue		0	0
Expenses
Cost of goods and services		0	0
Co-Investments | Operating Segments | Investment management and property services fees
Revenue
Total revenue		7.4	4.5
Co-Investments | Operating Segments | Loans and other
Revenue
Total revenue		1.6	0
Co-Investments | Operating Segments | Commission and marketing
Expenses
Cost of goods and services		0	0
Co-Investments | Operating Segments | Compensation and related
Expenses
Cost of goods and services		$ 5.7	$ 4.6
Minimum
Segment Reporting Information [Line Items]
Average ownership interest in investments		5.00%
Maximum
Segment Reporting Information [Line Items]
Average ownership interest in investments		50.00%
[1]	The assets and liabilities as of March 31, 2021 include $166.4 million (including cash held by consolidated investments of $9.2 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $149.8 million) and $107.6 million (including mortgage debt of $100.0 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Tax Contingency [Line Items]
Income before income taxes	$ 1.1	$ (0.2)
Provision for income taxes	(2.7)	$ (5.7)
KWE
Income Tax Contingency [Line Items]
Foreign partnership investment basis difference	63.4		$ 66.5
Valuation allowance	$ 63.4		$ 66.5

Guarantor and Non-Guarantor F_3

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		$ 1,438.6	$ 965.1
Accounts receivable		46.3	47.9
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		4,562.7	4,720.5
Unconsolidated investments		1,311	1,289.3
Investments in and advances to consolidated subsidiaries		0	0
Other assets		191.4	199.1
Loan purchases and originations		98.5	107.1
Total assets	[1]	7,648.5	7,329
Liabilities
Accounts payable		15.6	30.1
Accrued expenses and other liabilities		479.3	531.7
Total liabilities	[1]	6,002.2	5,656.3
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,617.8	1,644.5
Noncontrolling interests		28.5	28.2
Total equity		1,646.3	1,672.7	$ 1,655	$ 1,719.2
Total liabilities and equity		7,648.5	7,329
Mortgage debt
Liabilities
Long-term debt		2,555.3	2,589.8
KW unsecured debt
Liabilities
Long-term debt		1,799.8	1,332.2
KWE unsecured bonds
Liabilities
Long-term debt		1,152.2	1,172.5
Reportable Legal Entities | Parent
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		0	0
Accounts receivable		0	0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0	0
Unconsolidated investments		0	0
Investments in and advances to consolidated subsidiaries		1,658.2	1,686.5
Other assets		0	0
Loan purchases and originations		0	0
Total assets		1,658.2	1,686.5
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		40.4	42
Total liabilities		40.4	42
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,617.8	1,644.5
Noncontrolling interests		0	0
Total equity		1,617.8	1,644.5
Total liabilities and equity		1,658.2	1,686.5
Reportable Legal Entities | Parent | Mortgage debt
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Parent | KW unsecured debt
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Parent | KWE unsecured bonds
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Kennedy-Wilson, Inc.
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		662.2	105.5
Accounts receivable		0	0.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0	0
Unconsolidated investments		14.5	15.1
Investments in and advances to consolidated subsidiaries		2,960.1	3,173.4
Other assets		59.8	0.9
Loan purchases and originations		8.3	9.4
Total assets		3,704.9	3,304.5
Liabilities
Accounts payable		0.3	0.2
Accrued expenses and other liabilities		246.6	285.6
Total liabilities		2,046.7	1,618
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,658.2	1,686.5
Noncontrolling interests		0	0
Total equity		1,658.2	1,686.5
Total liabilities and equity		3,704.9	3,304.5
Reportable Legal Entities | Kennedy-Wilson, Inc. | Mortgage debt
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | KW unsecured debt
Liabilities
Long-term debt		1,799.8	1,332.2
Reportable Legal Entities | Kennedy-Wilson, Inc. | KWE unsecured bonds
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Guarantor Subsidiaries
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		141.2	174.5
Accounts receivable		16.3	15.5
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,003.1	2,009.7
Unconsolidated investments		464.7	459.4
Investments in and advances to consolidated subsidiaries		1,599.6	1,768.4
Other assets		62.3	69.3
Loan purchases and originations		0	0
Total assets		4,287.2	4,496.8
Liabilities
Accounts payable		4.8	1.9
Accrued expenses and other liabilities		49.9	49.6
Total liabilities		1,327.1	1,323.4
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		2,960.1	3,173.4
Noncontrolling interests		0	0
Total equity		2,960.1	3,173.4
Total liabilities and equity		4,287.2	4,496.8
Reportable Legal Entities | Guarantor Subsidiaries | Mortgage debt
Liabilities
Long-term debt		1,272.4	1,271.9
Reportable Legal Entities | Guarantor Subsidiaries | KW unsecured debt
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Guarantor Subsidiaries | KWE unsecured bonds
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Non-guarantor Subsidiaries
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		635.2	685.1
Accounts receivable		30	32.2
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		2,559.6	2,710.8
Unconsolidated investments		831.8	814.8
Investments in and advances to consolidated subsidiaries		0	0
Other assets		69.3	128.9
Loan purchases and originations		90.2	97.7
Total assets		4,216.1	4,469.5
Liabilities
Accounts payable		10.5	28
Accrued expenses and other liabilities		142.4	154.5
Total liabilities		2,588	2,672.9
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		1,599.6	1,768.4
Noncontrolling interests		28.5	28.2
Total equity		1,628.1	1,796.6
Total liabilities and equity		4,216.1	4,469.5
Reportable Legal Entities | Non-guarantor Subsidiaries | Mortgage debt
Liabilities
Long-term debt		1,282.9	1,317.9
Reportable Legal Entities | Non-guarantor Subsidiaries | KW unsecured debt
Liabilities
Long-term debt		0	0
Reportable Legal Entities | Non-guarantor Subsidiaries | KWE unsecured bonds
Liabilities
Long-term debt		1,152.2	1,172.5
Elimination
Assets
Cash and cash equivalents (including $901.1 and $101.7 of restricted cash)		0	0
Accounts receivable		0	0
Real estate and acquired in place lease values, net of accumulated depreciation and amortization		0	0
Unconsolidated investments		0	0
Investments in and advances to consolidated subsidiaries		(6,217.9)	(6,628.3)
Other assets		0	0
Loan purchases and originations		0	0
Total assets		(6,217.9)	(6,628.3)
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Total liabilities		0	0
Equity
Kennedy-Wilson Holdings, Inc. shareholders' equity		(6,217.9)	(6,628.3)
Noncontrolling interests		0	0
Total equity		(6,217.9)	(6,628.3)
Total liabilities and equity		(6,217.9)	(6,628.3)
Elimination | Mortgage debt
Liabilities
Long-term debt		0	0
Elimination | KW unsecured debt
Liabilities
Long-term debt		0	0
Elimination | KWE unsecured bonds
Liabilities
Long-term debt		$ 0
[1]	The assets and liabilities as of March 31, 2021 include $166.4 million (including cash held by consolidated investments of $9.2 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $149.8 million) and $107.6 million (including mortgage debt of $100.0 million), respectively, from consolidated variable interest entities ("VIEs"). The assets and liabilities as of December 31, 2020 include $166.0 million (including cash held by consolidated investments of $9.1 million and real estate and acquired in place lease values, net of accumulated depreciation and amortization of $150.0 million) and $107.7 million (including mortgage debt of $97.5 million), respectively, from VIEs. These assets can only be used to settle obligations of the consolidated VIEs, and the liabilities do not have recourse to the Company.

Guarantor and Non-Guarantor F_4

Guarantor and Non-Guarantor Financial Statements - Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue
Total revenue	$ 99.4	$ 123.3
Expenses
General and administrative	6.8	9.5
Depreciation and amortization	44.4	45.5
Total expenses	120.8	129.8
Income from unconsolidated investments	18.4	10.9
Income from consolidated subsidiaries	0	0
Non-operating income (expense)
Gain on sale of real estate, net	73.5	44.2
Interest expense	(51.6)	(48.8)
Loss on early extinguishment of debt	(14.8)	0
Other (loss) income	(3)	0
Income (loss) before provision for income taxes	1.1	(0.2)
Benefit from (provision for) income taxes	(2.7)	(5.7)
Net loss	(1.6)	(5.9)
Net loss attributable to the noncontrolling interests	0.3	0.3
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	(4.3)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(5.6)	(9.9)
Rental
Revenue
Total revenue	88.9	107.7
Expenses
Cost of goods and services	33	36.7
Hotel
Revenue
Total revenue	0.8	7.2
Expenses
Cost of goods and services	1.6	6
Investment management and property services fees
Revenue
Total revenue	8.1	8.4
Loans and other
Revenue
Total revenue	1.6	0
Commission and marketing
Expenses
Cost of goods and services	0.3	0.7
Compensation and related
Expenses
Cost of goods and services	34.7	31.4
Reportable Legal Entities | Parent
Revenue
Total revenue	0	0
Expenses
General and administrative	0	0
Depreciation and amortization	0	0
Total expenses	8.5	8.9
Income from unconsolidated investments	0	0
Income from consolidated subsidiaries	6.9	2.9
Non-operating income (expense)
Gain on sale of real estate, net	0	0
Interest expense	0	0
Loss on early extinguishment of debt	0
Other (loss) income	0	0
Income (loss) before provision for income taxes	(1.6)	(6)
Benefit from (provision for) income taxes	0	0
Net loss	(1.6)	(6)
Net loss attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	(4.3)	(4.3)
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(5.9)	(10.3)
Reportable Legal Entities | Parent | Rental
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Parent | Hotel
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Parent | Investment management and property services fees
Revenue
Total revenue	0	0
Reportable Legal Entities | Parent | Loans and other
Revenue
Total revenue	0
Reportable Legal Entities | Parent | Commission and marketing
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Parent | Compensation and related
Expenses
Cost of goods and services	8.5	8.9
Reportable Legal Entities | Kennedy-Wilson, Inc.
Revenue
Total revenue	0.1	0
Expenses
General and administrative	3.4	4.8
Depreciation and amortization	0.3	0.4
Total expenses	19.5	15
Income from unconsolidated investments	2.9	(1)
Income from consolidated subsidiaries	57.2	33.9
Non-operating income (expense)
Gain on sale of real estate, net	0	0
Interest expense	(19.5)	(15.4)
Loss on early extinguishment of debt	(14.8)
Other (loss) income	(0.7)	0.9
Income (loss) before provision for income taxes	5.7	3.4
Benefit from (provision for) income taxes	1.2	(0.6)
Net loss	6.9	2.8
Net loss attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	0	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	6.9	2.8
Reportable Legal Entities | Kennedy-Wilson, Inc. | Rental
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Hotel
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Investment management and property services fees
Revenue
Total revenue	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Loans and other
Revenue
Total revenue	0.1
Reportable Legal Entities | Kennedy-Wilson, Inc. | Commission and marketing
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Kennedy-Wilson, Inc. | Compensation and related
Expenses
Cost of goods and services	15.8	9.8
Reportable Legal Entities | Guarantor Subsidiaries
Revenue
Total revenue	51.9	55.9
Expenses
General and administrative	1.8	3.3
Depreciation and amortization	19	19.4
Total expenses	47.1	52.2
Income from unconsolidated investments	4.2	(2.8)
Income from consolidated subsidiaries	60.1	45.5
Non-operating income (expense)
Gain on sale of real estate, net	0	0
Interest expense	(11.5)	(12.7)
Loss on early extinguishment of debt	0
Other (loss) income	0	0
Income (loss) before provision for income taxes	57.6	33.7
Benefit from (provision for) income taxes	(0.4)	0.2
Net loss	57.2	33.9
Net loss attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	0	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	57.2	33.9
Reportable Legal Entities | Guarantor Subsidiaries | Rental
Revenue
Total revenue	46.5	48.3
Expenses
Cost of goods and services	17.1	17.6
Reportable Legal Entities | Guarantor Subsidiaries | Hotel
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Guarantor Subsidiaries | Investment management and property services fees
Revenue
Total revenue	5.4	7.6
Reportable Legal Entities | Guarantor Subsidiaries | Loans and other
Revenue
Total revenue	0
Reportable Legal Entities | Guarantor Subsidiaries | Commission and marketing
Expenses
Cost of goods and services	0.3	0.7
Reportable Legal Entities | Guarantor Subsidiaries | Compensation and related
Expenses
Cost of goods and services	8.9	11.2
Reportable Legal Entities | Non-guarantor Subsidiaries
Revenue
Total revenue	47.4	67.4
Expenses
General and administrative	1.6	1.4
Depreciation and amortization	25.1	25.7
Total expenses	45.7	53.7
Income from unconsolidated investments	11.3	14.7
Income from consolidated subsidiaries	0	0
Non-operating income (expense)
Gain on sale of real estate, net	73.5	44.2
Interest expense	(20.6)	(20.7)
Loss on early extinguishment of debt	0
Other (loss) income	(2.3)	(0.9)
Income (loss) before provision for income taxes	63.6	51
Benefit from (provision for) income taxes	(3.5)	(5.3)
Net loss	60.1	45.7
Net loss attributable to the noncontrolling interests	0.3	0.3
Preferred dividends and accretion of preferred stock issuance costs	0	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	60.4	46
Reportable Legal Entities | Non-guarantor Subsidiaries | Rental
Revenue
Total revenue	42.4	59.4
Expenses
Cost of goods and services	15.9	19.1
Reportable Legal Entities | Non-guarantor Subsidiaries | Hotel
Revenue
Total revenue	0.8	7.2
Expenses
Cost of goods and services	1.6	6
Reportable Legal Entities | Non-guarantor Subsidiaries | Investment management and property services fees
Revenue
Total revenue	2.7	0.8
Reportable Legal Entities | Non-guarantor Subsidiaries | Loans and other
Revenue
Total revenue	1.5
Reportable Legal Entities | Non-guarantor Subsidiaries | Commission and marketing
Expenses
Cost of goods and services	0	0
Reportable Legal Entities | Non-guarantor Subsidiaries | Compensation and related
Expenses
Cost of goods and services	1.5	1.5
Elimination
Revenue
Total revenue	0	0
Expenses
General and administrative	0	0
Depreciation and amortization	0	0
Total expenses	0	0
Income from unconsolidated investments	0	0
Income from consolidated subsidiaries	(124.2)	(82.3)
Non-operating income (expense)
Gain on sale of real estate, net	0	0
Interest expense	0	0
Loss on early extinguishment of debt	0
Other (loss) income	0	0
Income (loss) before provision for income taxes	(124.2)	(82.3)
Benefit from (provision for) income taxes	0	0
Net loss	(124.2)	(82.3)
Net loss attributable to the noncontrolling interests	0	0
Preferred dividends and accretion of preferred stock issuance costs	0	0
Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders	(124.2)	(82.3)
Elimination | Rental
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Elimination | Hotel
Revenue
Total revenue	0	0
Expenses
Cost of goods and services	0	0
Elimination | Investment management and property services fees
Revenue
Total revenue	0	0
Elimination | Loans and other
Revenue
Total revenue	0
Elimination | Commission and marketing
Expenses
Cost of goods and services	0	0
Elimination | Compensation and related
Expenses
Cost of goods and services	$ 0	$ 0

Guarantor and Non-Guarantor F_5

Guarantor and Non-Guarantor Financial Statements - Consolidated Statement of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Condensed Financial Statements, Captions [Line Items]
Net loss	$ (1.6)	$ (5.9)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(23.8)	(16.8)
Amounts reclassified out of AOCI during the period	0	0.2
Total other comprehensive income (loss) for the period	16.3	(9.2)
Comprehensive income (loss)	14.7	(15.1)
Comprehensive loss (income) attributable to noncontrolling interests	0.5	1.8
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	15.2	(13.3)
Reportable Legal Entities | Parent
Condensed Financial Statements, Captions [Line Items]
Net loss	(1.6)	(6)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(23.8)	(16.8)
Amounts reclassified out of AOCI during the period	0	0.2
Total other comprehensive income (loss) for the period	16.3	(9.2)
Comprehensive income (loss)	14.7	(15.2)
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	14.7	(15.2)
Reportable Legal Entities | Kennedy-Wilson, Inc.
Condensed Financial Statements, Captions [Line Items]
Net loss	6.9	2.8
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(23.8)	(16.8)
Amounts reclassified out of AOCI during the period	0	0.2
Total other comprehensive income (loss) for the period	16.3	(9.2)
Comprehensive income (loss)	23.2	(6.4)
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	23.2	(6.4)
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net loss	57.2	33.9
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	2.8	(49.3)
Amounts reclassified out of AOCI during the period	0	0
Total other comprehensive income (loss) for the period	(0.5)	(1)
Comprehensive income (loss)	56.7	32.9
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	56.7	32.9
Reportable Legal Entities | Non-guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net loss	60.1	45.7
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	(23.3)	(15.7)
Amounts reclassified out of AOCI during the period	0	0.2
Total other comprehensive income (loss) for the period	18.4	(50.8)
Comprehensive income (loss)	78.5	(5.1)
Comprehensive loss (income) attributable to noncontrolling interests	0.5	1.8
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	79	(3.3)
Elimination
Condensed Financial Statements, Captions [Line Items]
Net loss	(124.2)	(82.3)
Other comprehensive income (loss), net of tax:
Unrealized foreign currency translation gain	44.3	81.8
Amounts reclassified out of AOCI during the period	0	(0.4)
Total other comprehensive income (loss) for the period	(34.2)	61
Comprehensive income (loss)	(158.4)	(21.3)
Comprehensive loss (income) attributable to noncontrolling interests	0	0
Comprehensive income (loss) attributable to Kennedy-Wilson Holdings, Inc.	(158.4)	(21.3)
Currency Derivative Contracts
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	38.4	13
Currency Derivative Contracts | Reportable Legal Entities | Parent
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	38.4	13
Currency Derivative Contracts | Reportable Legal Entities | Kennedy-Wilson, Inc.
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	38.4	13
Currency Derivative Contracts | Reportable Legal Entities | Guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(3.3)	48.3
Currency Derivative Contracts | Reportable Legal Entities | Non-guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	41.7	(35.3)
Currency Derivative Contracts | Elimination
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	(76.8)	(26)
Interest Rate Swaps
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	1.7	(5.6)
Interest Rate Swaps | Reportable Legal Entities | Parent
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	1.7	(5.6)
Interest Rate Swaps | Reportable Legal Entities | Kennedy-Wilson, Inc.
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	1.7	(5.6)
Interest Rate Swaps | Reportable Legal Entities | Guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	0
Interest Rate Swaps | Reportable Legal Entities | Non-guarantor Subsidiaries
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	0	0
Interest Rate Swaps | Elimination
Other comprehensive income (loss), net of tax:
Unrealized forward contract forward currency (loss) gain and Unrealized loss on interest rate swaps	$ (1.7)	$ 5.6

Guarantor and Non-Guarantor F_6

Guarantor and Non-Guarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		$ (76.6)	$ (36.6)
Cash flows from investing activities:
Issuance of loans		(12.9)	(6.3)
Proceeds from loan repayments and sales		19.8	33
Net proceeds from sale of consolidated real estate		228.3	182
Capital expenditures to real estate		(47.3)	(37.5)
Distributions from unconsolidated investments		21.6	79.3
Contributions to unconsolidated investments		(52.8)	(45.3)
Proceeds from development project asset		0	2.3
(Premiums) proceeds from settlement of foreign derivative contracts		(3.8)	32.5
Distributions from (investments in) consolidated subsidiaries, net		0	0
Net cash provided by investing activities		152.9	240
Cash flows from financing activities:
Borrowings under senior notes payable		1,204.3	0
Repayment of senior notes payable		(576.9)	0
Repayment of line of credit		(150)	0
Issuance of shareholder loans to noncontrolling interests		0	0.3
Borrowings under mortgage debt		50.4	22.7
Repayment of mortgage debt		(67.7)	(51.6)
Payment of debt issue costs		(17.1)	(4.3)
Repurchase and retirement of common stock		(14.3)	(25.6)
Common dividends paid		(32.6)	(31.6)
Preferred dividends paid		(4.3)	(3.3)
Contributions from noncontrolling interests		0.9	0.3
Distributions to noncontrolling interests		(0.1)	(0.2)
Net cash provided by (used in) financing activities		392.6	(93.3)
Effect of currency exchange rate changes on cash and cash equivalents		4.6	(18.4)
Net change in cash and cash equivalents	[1]	473.5	91.7
Cash and cash equivalents, beginning of period		965.1	573.9
Cash and cash equivalents, end of period		1,438.6	665.6
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(0.8)	(0.1)
Cash flows from investing activities:
Issuance of loans		0	0
Proceeds from loan repayments and sales		0	0
Net proceeds from sale of consolidated real estate		0	0
Capital expenditures to real estate		0	0
Distributions from unconsolidated investments		0	0
Contributions to unconsolidated investments		0	0
Proceeds from development project asset			0
(Premiums) proceeds from settlement of foreign derivative contracts		0	0
Distributions from (investments in) consolidated subsidiaries, net		52	29.8
Net cash provided by investing activities		52	29.8
Cash flows from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Repayment of line of credit		0
Issuance of shareholder loans to noncontrolling interests			0
Borrowings under mortgage debt		0	0
Repayment of mortgage debt		0	0
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		(14.3)	(25.6)
Common dividends paid		(32.6)	(31.6)
Preferred dividends paid		(4.3)	(3.3)
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash provided by (used in) financing activities		(51.2)	(60.5)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	0	(30.8)
Cash and cash equivalents, beginning of period		0	30.8
Cash and cash equivalents, end of period		0	0
Kennedy-Wilson, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		(142.9)	(70.3)
Cash flows from investing activities:
Issuance of loans		(0.4)	(6.3)
Proceeds from loan repayments and sales		0.5	0
Net proceeds from sale of consolidated real estate		0	0
Capital expenditures to real estate		0	0
Distributions from unconsolidated investments		3.5	4
Contributions to unconsolidated investments		0	(0.1)
Proceeds from development project asset			0
(Premiums) proceeds from settlement of foreign derivative contracts		0	0
Distributions from (investments in) consolidated subsidiaries, net		235.7	116.4
Net cash provided by investing activities		239.3	114
Cash flows from financing activities:
Borrowings under senior notes payable		1,204.3
Repayment of senior notes payable		(576.9)
Repayment of line of credit		(150)
Issuance of shareholder loans to noncontrolling interests			0
Borrowings under mortgage debt		0	0
Repayment of mortgage debt		0	0
Payment of debt issue costs		(17.1)	(4.3)
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests		0	0
Net cash provided by (used in) financing activities		460.3	(4.3)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents	[1]	556.7	39.4
Cash and cash equivalents, beginning of period		105.5	6.4
Cash and cash equivalents, end of period		662.2	45.8
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		33.3	(13.8)
Cash flows from investing activities:
Issuance of loans		0	0
Proceeds from loan repayments and sales		0	0
Net proceeds from sale of consolidated real estate		0	0
Capital expenditures to real estate		(12.2)	(17.3)
Distributions from unconsolidated investments		5.3	31.4
Contributions to unconsolidated investments		(13.1)	(13.7)
Proceeds from development project asset			0
(Premiums) proceeds from settlement of foreign derivative contracts		(3.8)	32.5
Distributions from (investments in) consolidated subsidiaries, net		(47.6)	13
Net cash provided by investing activities		(71.4)	45.9
Cash flows from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Repayment of line of credit		0
Issuance of shareholder loans to noncontrolling interests			0
Borrowings under mortgage debt		5.4	6.7
Repayment of mortgage debt		(0.6)	(50.1)
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0	0
Contributions from noncontrolling interests		0	0
Distributions to noncontrolling interests			0
Net cash provided by (used in) financing activities		4.8	(43.4)
Effect of currency exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		(33.3)	(11.3)
Cash and cash equivalents, beginning of period		174.5	102.7
Cash and cash equivalents, end of period		141.2	91.4
Non-guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities		33.8	47.6
Cash flows from investing activities:
Issuance of loans		(12.5)	0
Proceeds from loan repayments and sales		19.3	33
Net proceeds from sale of consolidated real estate		228.3	182
Capital expenditures to real estate		(35.1)	(20.2)
Distributions from unconsolidated investments		12.8	43.9
Contributions to unconsolidated investments		(39.7)	(31.5)
Proceeds from development project asset			2.3
(Premiums) proceeds from settlement of foreign derivative contracts		0	0
Distributions from (investments in) consolidated subsidiaries, net		(240.1)	(159.2)
Net cash provided by investing activities		(67)	50.3
Cash flows from financing activities:
Borrowings under senior notes payable		0
Repayment of senior notes payable		0
Repayment of line of credit		0
Issuance of shareholder loans to noncontrolling interests			0.3
Borrowings under mortgage debt		45	16
Repayment of mortgage debt		(67.1)	(1.5)
Payment of debt issue costs		0	0
Repurchase and retirement of common stock		0	0
Common dividends paid		0	0
Preferred dividends paid		0	0
Contributions from noncontrolling interests		0.9	0.3
Distributions to noncontrolling interests		(0.1)	(0.2)
Net cash provided by (used in) financing activities		(21.3)	14.9
Effect of currency exchange rate changes on cash and cash equivalents		4.6	(18.4)
Net change in cash and cash equivalents	[1]	(49.9)	94.4
Cash and cash equivalents, beginning of period		685.1	434
Cash and cash equivalents, end of period		$ 635.2	$ 528.4
[1]	See discussion of non-cash effects in the supplemental cash flow information.

Subsequent Events (Details)

Subsequent Events (Details)

Apr. 26, 2021USD ($)

Apr. 26, 2021GIP (£)

Apr. 22, 2021USD ($)

Apr. 09, 2021USD ($)

Apr. 01, 2021USD ($)

Mar. 31, 2021USD ($)

Mar. 31, 2020USD ($)

Apr. 26, 2021GIP (£)

Feb. 11, 2021

Feb. 09, 2021USD ($)

Jan. 27, 2021USD ($)

Dec. 31, 2020USD ($)

Subsequent Event [Line Items]

Loss on extinguishment of debt

$ 14,800,000

$ 0

Senior Notes | 2024 Notes

Subsequent Event [Line Items]

Interest rate (as a percent)

5.875%

Total repurchase amount

$ 1,000,000,000

Debt instrument, repurchase amount

$ 576,900,000

Senior Notes | 2029 Notes

Subsequent Event [Line Items]

Interest rate (as a percent)

4.75%

Loss on extinguishment of debt

$ 14,800,000

Line of Credit | Revolving Credit Facility

Subsequent Event [Line Items]

Mortgage debt (excluding loan fees)

50,000,000

$ 200,000,000

Line of Credit | A&R Facility | Revolving Credit Facility

Subsequent Event [Line Items]

Remaining borrowing capacity

$ 450,000,000

Subsequent Event

Subsequent Event [Line Items]

Interest accrual ratio

0.03247

0.03247

Subsequent Event | Senior Notes | 2024 Notes

Subsequent Event [Line Items]

Redemption price (as a percent)

100.979%

Interest rate (as a percent)

5.875%

Loss on extinguishment of debt

$ 11,700,000

Subsequent Event | Senior Notes | 2029 Notes

Subsequent Event [Line Items]

Debt redeemed

$ 573,500,000

Subsequent Event | KWE unsecured bonds | KWE Bonds

Subsequent Event [Line Items]

Interest rate (as a percent)

3.95%

3.95%

Loss on extinguishment of debt

$ 9,400,000

Mortgage debt (excluding loan fees)

$ 303,300,000

£ 219,800,000

Total repurchase amount | £

150,000,000

Debt instrument, repurchase amount

215,600,000

£ 156,200,000

Interest expense

$ 6,800,000

£ 4,900,000

Debt Instrument, Redemption Ratio

1.04156

1.04156

Subsequent Event | Line of Credit | A&R Facility | Revolving Credit Facility

Subsequent Event [Line Items]

Amount drawn

$ 100,000,000

Mortgage debt (excluding loan fees)

150,000,000

Remaining borrowing capacity

$ 350,000,000