Kilroy Rlty Corp Stock Price, News & Analysis

Kilroy Realty Corporation (NYSE: KRC) has declared a quarterly cash dividend of $0.54 per common share, payable on July 9, 2025, to stockholders of record on June 30, 2025. The dividend equates to an annual rate of $2.16 per share.

As of March 31, 2025, Kilroy's portfolio includes approximately 17.1 million square feet of primarily office and life science space, with 81.4% occupancy and 83.9% lease rates. The company also owns 1,000 residential units with 95.2% occupancy. Kilroy has ongoing development projects including an 875,000-square-foot project valued at $1.0 billion and two life science redevelopment projects totaling 100,000 square feet with estimated costs of $80.0 million.

The REIT operates in key markets including San Diego, Los Angeles, San Francisco Bay Area, Seattle, and Austin, and has achieved carbon neutral operations across its portfolio since 2020.

Kilroy Realty Corporation (NYSE: KRC) reported its Q1 2025 financial results with revenues of $270.8M, down from $278.6M in Q1 2024. Net income available to common stockholders was $39.0M ($0.33 per share), compared to $49.9M ($0.42 per share) in Q1 2024. FFO decreased to $122.3M ($1.02 per share) from $133.7M ($1.11 per share) year-over-year. The company's stabilized portfolio was 81.4% occupied and 83.9% leased. During Q1, KRC signed approximately 248,000 square feet of leases, with GAAP and cash rents decreasing 15.8% and 23.0% respectively. Post-quarter, KRC entered an agreement to sell part of Santa Fe Summit land for $38.0M. The company maintained its 2025 FFO guidance of $3.85-$4.05 per share and declared a quarterly dividend of $0.54 per share.

Kilroy Realty (NYSE: KRC) has released its fourteenth annual Sustainability Report, introducing new 2030 Sustainability Goals focused on environmental and social metrics. The company has maintained notable achievements, including:

• Receiving the ENERGY STAR Partner of the Year Award for 11 consecutive years
• Maintaining carbon neutral operations for 5 consecutive years
• Earning a five-star designation in the 2024 GRESB Real Estate Assessment

The company's stabilized portfolio comprises approximately 17.1 million square feet of primarily office and life science space, with 82.8% occupancy and 84.9% lease rates. KRC also manages 1,000 residential units with 92.2% quarterly average occupancy. Current development projects include two life science redevelopment projects totaling 100,000 square feet and one construction project of 875,000 square feet.

Kilroy Realty (NYSE: KRC) announced that independent director Scott Ingraham will retire from the Board of Directors at the Annual Meeting on May 20, 2025. Ingraham, who has served since 2007 and chaired the Audit Committee since 2008, will step down as the board reduces from eight to seven members.

The company's portfolio as of December 31, 2024, includes approximately 17.1 million square feet of primarily office and life science space with 82.8% occupancy and 84.9% lease rates. KRC also owns 1,000 residential units with 92.2% quarterly average occupancy. Current projects include two life science redevelopment initiatives totaling 100,000 square feet ($80.0 million estimated costs) and one 875,000-square-foot development project ($1.0 billion estimated investment).

Kilroy Realty (NYSE: KRC) has scheduled its first quarter 2025 financial results release for Monday, May 5, 2025, after market close. A conference call to discuss the results will be held on Tuesday, May 6, 2025, at 10:00 a.m. PT / 1:00 p.m. ET.

As of December 31, 2024, Kilroy's stabilized portfolio included approximately 17.1 million square feet of primarily office and life science space, with 82.8% occupancy and 84.9% lease rates. The company also manages about 1,000 residential units with 92.2% quarterly average occupancy. Current projects include two life science redevelopment initiatives totaling 100,000 square feet with estimated costs of $80.0 million, and one development project of 875,000 square feet with a $1.0 billion estimated investment.

Kilroy Realty (NYSE: KRC) has announced its participation in Citi's 2025 Global Property CEO Conference. CEO Angela M. Aman and senior management will lead a roundtable discussion on March 3, 2025, at 2:10 p.m. Eastern Time, lasting approximately 35 minutes.

The company's stabilized portfolio as of December 31, 2024, comprises approximately 17.1 million square feet of primarily office and life science space, with 82.8% occupancy and 84.9% lease rates. KRC also manages 1,000 residential units with 92.2% quarterly average occupancy. Current projects include two life science redevelopment initiatives totaling 100,000 square feet ($80.0 million estimated costs) and a 875,000-square-foot development project ($1.0 billion estimated investment).

KRC maintains a strong sustainability focus, achieving carbon neutral operations since 2020 and receiving multiple recognitions including the GRESB five-star rating and Nareit Leader in the Light Award.

Kilroy Realty (NYSE: KRC) has announced its regular quarterly cash dividend of $0.54 per common share, payable on April 9, 2025, to stockholders of record on March 31, 2025. The dividend equates to an annual rate of $2.16 per share.

The company's stabilized portfolio, as of December 31, 2024, comprises approximately 17.1 million square feet of primarily office and life science space, with 82.8% occupancy and 84.9% lease rates. KRC also maintains about 1,000 residential units in Hollywood and San Diego with 92.2% quarterly average occupancy. The company has two life science redevelopment projects totaling 100,000 square feet with estimated costs of $80.0 million and one development project under construction of approximately 875,000 square feet with a $1.0 billion estimated investment.

Kilroy Realty (NYSE: KRC) reported its Q4 and full-year 2024 financial results, highlighting its strongest leasing performance since 2019. Q4 revenues reached $286.4 million, up from $269.0 million in Q4 2023, with net income of $59.5 million ($0.50 per share). The company achieved approximately 708,000 square feet of leasing in Q4.

Full-year 2024 revenues were $1,135.6 million with net income of $211.0 million ($1.77 per share). The stabilized portfolio was 82.8% occupied and 84.9% leased as of December 31, 2024. Notable transactions included selling their corporate aircraft for $19.8 million and repaying $403.7 million in senior unsecured notes.

For 2025, KRC provided FFO guidance of $3.85 to $4.05 per diluted share, projecting same-store NOI growth between -1.5% and -3.0%, with average occupancy expected between 80% and 82%.

Kilroy Realty (NYSE: KRC) has announced the tax treatment of its 2024 dividend distributions. The company will distribute $0.54 per share quarterly, payable on January 10, April 10, July 10, and October 9, 2024. Each distribution comprises approximately $0.4794 in taxable ordinary dividend, $0.0012 in capital gain distribution, and $0.0594 in return of capital.

As of September 30, 2024, Kilroy's portfolio included approximately 17.1 million square feet of primarily office and life science space, with 84.3% occupancy and 85.8% lease rates. The company also manages about 1,000 residential units with 92.0% average occupancy, two life science redevelopment projects totaling 100,000 square feet, and one development project of approximately 875,000 square feet.