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) is a publicly traded REIT and member of the S&P MidCap 400 Index, with operations in the San Francisco Bay Area, Los Angeles, San Diego, Seattle, and Austin, Texas. This news page aggregates company-issued updates and market-moving announcements so readers can follow how Kilroy’s office, life science, and mixed-use portfolio evolves over time.
News about Kilroy often covers quarterly earnings releases, funds from operations (FFO) guidance, and supplemental financial data furnished on Form 8-K. These updates provide detail on revenues, net income, occupancy and leasing levels in the stabilized portfolio, development spending, and capital markets activity, such as public offerings of senior notes through Kilroy Realty, L.P.
Investors can also track announcements about acquisitions and dispositions, including transactions like the purchase of Maple Plaza in the Beverly Hills submarket of Los Angeles and the sale of a multi-building campus in Silicon Valley. Regular dividend declarations on common stock, including the stated quarterly cash dividend rate, are another recurring theme in Kilroy’s news flow.
For those focused on property-level trends, Kilroy’s releases highlight leasing milestones and tenant commitments, particularly at life science developments such as Kilroy Oyster Point Phase 2 in South San Francisco. The company reports on new leases, renewal activity, and occupancy expectations across its office and life science assets, as well as the performance of its residential units in Hollywood and San Diego.
Because Kilroy places emphasis on sustainability and corporate culture, news items frequently reiterate its carbon neutral operations since 2020, high levels of LEED, Fitwel, and ENERGY STAR certifications, and recognition from organizations such as GRESB, Nareit, and ENERGY STAR. Conference participation and investor events are also announced through press releases, giving shareholders insight into management’s engagement with the broader real estate and capital markets community.
Kilroy Realty Corporation (NYSE: KRC) plans to release its second quarter 2021 financial results after market close on July 28, 2021, with a conference call scheduled for July 29, 2021, at 10:00 a.m. PT. The company, a leading U.S. REIT, manages a stabilized portfolio of approximately 14 million square feet primarily in office and life science spaces, with 88% leased. KRC is recognized for its sustainability efforts, with 67% of its portfolio LEED certified. The firm has five development projects totaling $1.5 billion, indicating continued growth potential.
Kilroy Realty Corporation (NYSE: KRC) announced agreements for three off-market acquisitions totaling approximately $670 million. The largest, Indeed Tower in Austin, Texas, valued at $580 million, aims to enhance earnings through lease-up opportunities and strengthen its tenant profile with a major technology tenant. Additionally, the company is acquiring a land site near its 2100 Kettner project in San Diego for $42 million and purchasing the ground lease for its Key Center in Bellevue for $47 million, which eliminates a future ground rent obligation.
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.
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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.
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