Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 279

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 279
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.1 — 4.6 — Interest expense— (74.8)(33.1)(87.5)— (195.4)Loss on early extinguishment of debt— — — (0.5)— (0.5)Other income (loss)0.3 4.0 (12.2)1.9 — (6.0)(Loss) income before provision for income taxes  (77.4)(73.3)49.9 23.0 4.6 (73.2)Benefit from (provision for) income taxes— 12.9 (2.2)(14.9)— (4.2)Net (loss) income(77.4)(60.4)47.7 8.1 4.6 (77.4)Net loss attributable to the noncontrolling interests— — — 0.4 — 0.4 Preferred dividends(32.6)— — — — (32.6)Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders   $(110.0)$(60.4)$47.7 $8.5 $4.6 $(109.6)

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Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

NOTE 16 - SUBSEQUENT EVENTS

On September 18, 2025, the Company announced that it has entered into an Interest Purchase Agreement (the “Agreement”) with Toll Brothers, Inc., a Delaware corporation (“Toll”), to acquire Toll’s apartment development platform for approximately $347 million, subject to customary prorations and adjustments (the “Transaction”). The Company expects to close the Transaction with partners, pursuant to which the Company will earn customary fees. Upon closing of the Transaction, the Company and its partners will acquire (i) Toll’s ownership interests and certain contractual arrangements in a total of 18 properties (two of which are wholly owned by Toll), which includes 17 multifamily properties and one student housing property (collectively the “Property Portfolio”); and (ii) Toll’s current and future multifamily and student housing property development pipeline (the “Transaction Pipeline”). The Company currently expects its total investment in the Transaction to be approximately $90 million. The Transaction is subject to closing conditions and is currently expected to close in the