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 (NYSE: KRC) announced a quarterly cash dividend of $0.54 per common share, translating to an annual rate of $2.16 per share. The dividend is payable on July 10, 2024, to shareholders of record on June 28, 2024.
Kilroy operates in major U.S. cities including San Diego, Los Angeles, San Francisco Bay Area, Seattle, and Austin, with a focus on sustainable real estate. As of March 31, 2024, Kilroy's portfolio included 17.0 million sq. ft. of office and life science space, 84.2% occupied and 85.7% leased, plus 1,000 residential units with 93.1% occupancy.
The company is recognized for its sustainability efforts, having achieved carbon-neutral operations since 2020 and earning several industry honors. Kilroy's redevelopment and development projects include $80 million in life science properties and a $1.0 billion mixed-use development.
Kilroy Realty reported financial results for the first quarter of 2024. Highlights include revenues of $278.6 million, net income available per diluted share of $0.42, FFO of $133.7 million, and leasing activity. The company raised $400 million in senior notes, recast their credit facility, and established a stock offering program. The Board approved a $500 million share repurchase program. The company declared a quarterly dividend of $0.54 per share. The updated FFO guidance for 2024 is $4.15 to $4.30 per share.
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