On the Record · Toll Brothers

Toll Brothers acquisitions, on the record

The businesses Toll Brothers bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
a privately-held home builder with operations in San Antonio, Texas Word for word“In fiscal 2022, we acquired substantially all of the assets and operations of a privately-held home builder with operations in San Antonio, Texas for approximately $48.1 million in cash.” 10-K for 2023	acquisition	In fiscal 2022	approximately $48.1 million in cash
privately-held home builder with operations in San Antonio, Texas Word for word“In fiscal 2022, we acquired substantially all of the assets and operations of a privately-held home builder with operations in San Antonio, Texas for approximately $48.1 million in cash.” 10-K for 2024	acquisition	In fiscal 2022	approximately $48.1 million in cash
Interests in approximately half of the multifamily portfolio and the operating platform, sold to Kennedy Wilson Word for word“On September 18, 2025, we announced our intention to exit the multifamily development business, beginning with the sale of our interests in approximately half of our portfolio, as well as our operating platform, to Kennedy Wilson for a purchase price of approximately $380 million, as adjusted to reflect investments in certain assets since the September announcement.” 10-K for 2025	agreed divestiture	On September 18, 2025	approximately $380 million

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2016-10-31	$0
2017-10-31	$83.1 million
2018-10-31	$0
2019-10-31	$162.4 million
2020-10-31	$60.3 million
2021-10-31	$0
2022-10-31	$0

Deal filings since 2016

2026-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-02-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-02-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Toll Brothers’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-12-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.