Kilroy Rlty Corp - KRC STOCK NEWS

Kilroy Realty Corporation (NYSE: KRC) has achieved carbon neutral operations as of 2020, making it the first North American REIT to do so. The company executed this through energy efficiency measures, onsite and offsite renewables, and verified emission reduction credits. Key strategies included an 18% reduction in energy use since 2010 and solar installations generating 2% of total energy consumed. KRC plans to manage Scope 3 emissions next, focusing on construction materials and tenant energy use.

Kilroy Realty Corporation (NYSE: KRC) has announced executive promotions to strengthen its leadership team. Tyler H. Rose has been promoted to President, overseeing operations and succession planning. Michelle Ngo now serves as SVP, Chief Financial Officer, managing finance and investor relations. Eliott Trencher has been appointed SVP and Chief Investment Officer, focusing on acquisitions and strategic initiatives. These changes underscore the company's commitment to developing internal talent and enhancing operational efficiency.

Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.50 per common share, payable on January 15, 2021, to stockholders of record by December 31, 2020. This dividend reflects an annual rate of $2.00 per share. As of September 30, 2020, KRC's portfolio encompassed approximately 14.3 million square feet, with an occupancy rate of 92.2%. The company is recognized for its sustainability efforts, with 68% of its portfolio certified by LEED. KRC is also listed on the Dow Jones Sustainability World Index, showcasing its commitment to responsible business practices.

Kilroy Realty Corporation (NYSE: KRC) announced the launch of The Kilroy Stars, a series of light sculptures that will illuminate cities across the West Coast, including San Francisco, Seattle, San Diego, and Los Angeles, during December and January. Commissioned as a gift to the regions, these installations are part of Kilroy's commitment to community and sustainability. Each sculpture, created by renowned artists, spans 20 feet in diameter and features over 30,000 programmable LED bulbs, enhancing public art in post-pandemic life.

Kilroy Realty Corporation (NYSE: KRC) will participate in the NAREIT REITworld virtual conference from November 17-19, 2020, focusing on equity and debt investment discussions. A presentation will be available on their Investor Relations website. As of September 30, 2020, KRC reported a stabilized portfolio of 14.3 million square feet, with 92.2% occupancy. The company is recognized for its sustainability efforts, holding numerous certifications, and is committed to corporate social responsibility, employee wellness, and diversity.

Kilroy Realty Corporation (NYSE: KRC) has announced the expansion of its Board of Directors with the appointment of Louisa Ritter as an independent director. Ms. Ritter, who is President of Pisces, Inc., brings over 14 years of experience from Goldman Sachs, where she held several senior roles. Her expertise in finance and commitment to sustainability align with KRC's values. KRC, a leader in sustainable real estate, has a stabilized portfolio of approximately 14.3 million square feet, with high occupancy rates demonstrating its strong market position.

Kilroy Realty Corporation (NYSE: KRC) reported its third-quarter 2020 results, showing resilience amid the COVID-19 pandemic. The company collected 96% of rent billings, with a collection rate of 94% reported for October. KRC's liquidity stands at approximately $1.4 billion, supported by a $425 million bond offering. The third-quarter net income available to common shareholders was $49 million ($0.42 per share), while funds from operations (FFO) were $117.4 million ($0.99 per share). The portfolio is 92.2% occupied, and the company has $1.9 billion in projects 90% leased, indicating strong leasing activity.

Kilroy Realty Corporation (NYSE: KRC) is set to release its third quarter 2020 financial results on October 28, 2020, post-market closure. A conference call is scheduled for October 29, 2020, at 10:00 AM PT, to discuss these results. As of June 30, 2020, KRC's stabilized portfolio stood at approximately 14.3 million square feet, with a 92.3% occupancy rate. The company is recognized for its commitment to sustainability, holding a significant number of LEED and Fitwel certifications. For more information, visit Kilroy Realty's Investor Relations page.