KW
Kennedy-Wilson Holdings, Inc.9.75
-0.19-1.91%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.34BP/E (TTM)
-Basic EPS (TTM)
-0.27Dividend Yield
0.05%Recent Filings
8-K
Merger amendment raises vote bar
Kennedy Wilson amended its merger agreement on March 15, 2026, with Kona Bidco, mandating a two-thirds vote of Company Voting Stock—excluding shares owned by insiders like CEO McMorrow and Fairfax affiliates—to comply with Delaware's Section 203. This tightens approval for the February 16 deal where a Kona sub merges into Kennedy Wilson. Risks loom: no guarantee of shareholder nod. Deal hangs on that vote.
8-K
Launches note exchange offers
Kennedy-Wilson subsidiary launched exchange offers on March 2, 2026, for $1.8B total principal of Existing Notes due 2029-2031, targeting qualified institutional buyers for new 6.125% Notes due 2032 or 6.375% Notes due 2034. Early tenders fetch $1,000-$1,010 principal; later ones $950. Offers hinge on closing the pending management-led merger. Supporting holders back 27% aggregate.
10-K
FY2025 results
Kennedy Wilson capped FY2025 with AUM surging 30% to $36.4B, fueled by the Toll Brothers apartment platform acquisition adding $5B while generating $115.2M in investment management fees, up 16% y/y. Revenue dipped to $501M from $531M amid asset sales, yet Adjusted EBITDA held steady at $549.5M as co-investment NOI climbed 8% to $206M, offsetting consolidated NOI's 8% drop to $215M. Q4 shone with $30M fair value gains on VHH affordable housing from NOI growth and lower rates, plus $34M on Zonda tech stake. Cash swelled to $185M with $566M from dispositions funding $352M KWE note payoff; revolver drew to $285M but $265M remains available. Proposed take-private at $10.90/share looms. Fair value volatility from office vacancies threatens momentum.
8-K
Q4 EBITDA dips; merger announced
Kennedy Wilson reported Q4 2025 Adjusted EBITDA of $179M, down from $191M, yet full-year hit $550M on $36B AUM boost. Toll Brothers apartment platform acquisition added $5B AUM for $334M total price, KW investing $131M. Merger announced February 16, 2026, at $10.90/share by McMorrow-led consortium, eyeing Q2 close. No earnings call due to deal.
8-K
Kennedy Wilson merger announced
Kennedy Wilson signed a merger agreement on February 16, 2026, with Kona Bidco, where shareholders receive $10.90 per common share in cash. Backed by Fairfax's $1.65B equity commitment and rollover shares from executives like William McMorrow, the deal awaits majority stockholder approval by November 16, 2026. Going private locks in control for management while public holders cash out.
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