Welcome to our dedicated page for Kilroy Rlty news (Ticker: KRC), a resource for investors and traders seeking the latest updates and insights on Kilroy Rlty stock.
Kilroy Realty Corporation (NYSE: KRC) maintains a premier portfolio of office properties across strategic West Coast markets and growing urban centers. This dedicated news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and market positioning.
Access timely press releases covering quarterly earnings, sustainability initiatives, and strategic acquisitions. Our curated collection ensures transparent access to operational updates, leadership announcements, and regulatory filings from this leading real estate investment trust.
Key content categories include financial results disclosures, property development milestones, tenant partnership announcements, and corporate governance updates. All materials are sourced directly from verified company communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to KRC's latest developments in commercial real estate. Combine these updates with our analysis tools for comprehensive investment research.
Kilroy Realty Corporation (NYSE: KRC) has commenced construction on the second phase of its Kilroy Oyster Point project in South San Francisco, following the successful leasing of Phase 1. The second phase will encompass approximately 860,000 square feet across three buildings, with an estimated investment of $940 million. The development aims to provide unique amenities catering to the needs of biotechnology and pharmaceutical tenants. KRC has a significant footprint in life science real estate, with additional development plans in San Diego to meet growing demand.
Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.50 per common share, payable on July 14, 2021, to stockholders of record as of June 30, 2021. This dividend corresponds to an annual rate of $2.00 per share. KRC is a prominent real estate investment trust (REIT) focused on sustainable development, boasting a portfolio of approximately 14.0 million square feet of primarily office and life science space, with significant certifications for sustainability.
Kilroy Realty Corporation (NYSE: KRC) announced that its San Diego office development at 9455 Towne Centre Drive has received LEED Platinum certification. This 160,000 square foot building, fully leased to a Fortune 50 tech company, features sustainable elements like a large solar array and water-efficient fixtures. Completed in January 2021, it enhances KRC's portfolio, which totals approximately 14 million square feet. The company has a strong sustainability track record, recognized by GRESB and other organizations for its initiatives in the real estate sector.
Kilroy Realty Corporation (NYSE: KRC) reported a strong first quarter for 2021, achieving net income of $497.6 million ($4.26 per share), bolstered by a $3.92 per share gain from property sales. Revenues rose to $235.6 million, despite a COVID-related charge. The company maintains robust liquidity of $2.6 billion and a stable occupancy rate of 91.5%. With $1.5 billion in development projects, 88% leased, and a positive guidance for FFO in Q2 of $0.80 to $0.86 per share, KRC demonstrates resilience amid challenges.
Kilroy Realty Corporation (NYSE: KRC) will announce its Q1 2021 financial results on April 28, 2021, after market close. A conference call to discuss the results is scheduled for April 29, 2021, at 10:00 a.m. PT. KRC's stabilized portfolio was 91.2% occupied and 94.3% leased as of December 31, 2020, with a total of 14.6 million square feet. The company emphasizes sustainability, having earned multiple recognitions, including being listed on the Dow Jones Sustainability World Index. The forward-looking statements indicate various risks impacting future performance.
Kilroy Realty Corporation (NYSE: KRC) announced the signing of a definitive agreement to sell its 750,000 square-foot office property, The Exchange on 16th, located in San Francisco, for $1.08 billion, marking a record high of approximately $1,440 per square foot in the city's commercial real estate market. The transaction, currently in escrow, is expected to close by the end of March. Proceeds will be allocated for development, acquisitions, and corporate purposes, including potential debt repayment and stock repurchases.
Kilroy Realty Corporation (NYSE: KRC) announced its participation in Citi’s 2021 Virtual Global Property CEO Conference, with a live webcast on March 8, 2021, from 5:00-5:35 p.m. ET. The audio replay will be accessible an hour post-event on its Investor Relations page until March 8, 2022. KRC, a leading West Coast landlord and developer, boasts a portfolio of 14.6 million square feet primarily in office and life sciences, with a 91.2% occupancy rate. KRC is recognized for sustainability, holding various accolades, including the Dow Jones Sustainability World Index.
Kilroy Realty Corporation (NYSE: KRC) has partnered with CodeGreen to enhance its sustainability efforts across over 80 assets in the western US. This collaboration focuses on tracking energy, water, waste, and carbon emissions to support Kilroy's ambitious environmental goals. Data collected will be managed through the EPA ENERGY STAR Portfolio Manager Tool, aiding in compliance with various ESG reporting frameworks. Kilroy aims to leverage accurate data to drive impactful sustainability initiatives and maintain transparency with investors.
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