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Kennedy-Wilson Holdings (KW)

Earnings summaries and quarterly performance for Kennedy-Wilson Holdings.

Recent press releases and 8-K filings for KW.

Kennedy-Wilson Holdings, Inc. Completes First Closing of Toll Brothers Apartment Development Platform Acquisition
KW
M&A
New Projects/Investments
  • Kennedy-Wilson Holdings, Inc. (KW) completed the first closing of its acquisition of Toll Brothers, Inc.'s apartment development platform on December 5, 2025, with KW investing $102.5 million. The total transaction is valued at approximately $379.6 million, and remaining closings are expected in December 2025 and January 2026.
  • Upon full completion, KW and its partners will acquire 18 properties (17 multifamily, 1 student housing) comprising 5,056 completed units and 1,008 units under construction, along with Toll's multifamily and student housing property development pipeline.
  • As part of the first closing, KW also entered into an asset management agreement for certain Toll Assets and integrated Toll's apartment development platform team, including executive leadership, to manage the portfolio and expand KW's rental housing development platform.
1 day ago
Kennedy-Wilson Reports Q3 2025 Results and Receives Take-Private Proposal
KW
M&A
Earnings
New Projects/Investments
  • The company's Board of Directors received a proposal letter for a potential take-private transaction from a consortium including CEO Bill McMorrow and Fairfax Financial Holdings Limited.
  • For Q3 2025, Kennedy-Wilson reported a GAAP EPS loss of $0.15 per share and Adjusted EBITDA of $125 million, which was almost double from Q3 of last year. Investment management fees increased by 8% in the quarter and 23% year-to-date.
  • The investment management business saw Assets Under Management (AUM) grow to $31 billion, an 11% increase year over year, and fee-bearing capital reached $9.7 billion, up 10% from a year ago.
  • The pending acquisition of the Toll Brothers Apartment Living platform is expected to immediately add $5 billion to AUM, bringing the pro forma total to $36 billion, with over 70% attributable to rental housing.
  • The company generated $470 million of cash from asset sales year-to-date, exceeding its $400 million target, and paid off $352 million of KWE unsecured bonds in October.
Nov 6, 2025, 5:00 PM
Kennedy-Wilson Holdings, Inc. Reports Q3 2025 Results, Record AUM, and Strategic Acquisition
KW
Earnings
M&A
  • Kennedy-Wilson Holdings, Inc. reported a GAAP Net Loss to Common Shareholders of ($21.2 million), or ($0.15) per diluted share, for Q3 2025, alongside Adjusted EBITDA of $125.2 million.
  • The company's Assets Under Management (AUM) grew to a record $31 billion, and Fee-Bearing Capital reached a record $9.7 billion in Q3 2025. Investment Management fees increased by 8% to $23 million in Q3 2025 compared to Q3 2024.
  • Kennedy Wilson announced the acquisition of Toll Brothers Apartment Living Platform, which is expected to add $5 billion in AUM.
  • The company generated $470 million in cash from asset sales and recapitalizations year-to-date 2025, exceeding its $400 million target.
  • Subsequent to Q3 2025, Kennedy Wilson repaid its €300 million ($352 million) outstanding euro-denominated 3.25% notes.
Nov 5, 2025, 9:34 PM
Kennedy-Wilson Holdings Receives Take-Private Proposal
KW
M&A
Takeover Bid
  • Kennedy-Wilson Holdings, Inc. received a proposal on November 4, 2025, from a consortium led by William McMorrow (Chairman and CEO) and Fairfax Financial Holdings Limited to acquire all outstanding common stock not currently owned by the consortium.
  • The proposal offers $10.25 per share in cash, representing a premium of approximately 38% compared to the company's closing share price on November 3, 2025.
  • The Board of Directors has formed a special committee of independent directors to evaluate the terms and conditions of the proposal.
  • The consortium, which collectively owns approximately 31% of the company's outstanding common stock, states that the proposal is not subject to obtaining financing.
Nov 4, 2025, 10:07 PM
Kennedy Wilson to Acquire Toll Brothers' Apartment Living Platform
KW
M&A
New Projects/Investments
  • Kennedy Wilson has agreed to acquire Toll Brothers' Apartment Living platform for a total purchase price of $347 million.
  • The transaction is expected to close in the fourth quarter of 2025 or October 2025 , with Kennedy Wilson's initial investment projected to be approximately $90 million.
  • This acquisition will add over $5 billion of assets under management for Kennedy Wilson, comprising $2.2 billion of AUM from 18 acquired properties and $3.0 billion of AUM from 20 properties that Kennedy Wilson will manage on behalf of Toll Brothers.
  • The deal includes the acquisition of Toll Brothers' ownership interests and contractual arrangements in 18 properties (17 multifamily and one student housing) and a pipeline of 29 development sites.
  • Kennedy Wilson will also integrate the Toll Brothers Apartment Living management team and establish a strategic alliance with Toll Brothers for future investment opportunities.
Sep 18, 2025, 10:18 AM