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.
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Kilroy Realty Corporation (NYSE: KRC) reported a 10.3% increase in revenues to $292.8 million for Q1 2023, up from $265.5 million in Q1 2022. Net income rose by 6.7% to $0.48 per diluted share. Funds from operations (FFO) also improved, reaching $146.0 million or $1.22 per diluted share, an increase of 5.2%. Occupancy in the stabilized portfolio stood at 89.6% as of March 31, 2023. Despite a 4.4% dip in cash rents, the company maintains a strong liquidity position with $1.6 billion available. The Board declared a quarterly dividend of $0.54 per share. Guidance for FFO in 2023 is set at $4.30 to $4.50 per diluted share, excluding costs related to the CEO's retirement.
Kilroy Realty Corporation (NYSE: KRC) is set to release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call will follow on April 27, 2023, at 10:00 a.m. PT. Investors can participate via telephone or through a live Internet broadcast. As of December 31, 2022, Kilroy's portfolio encompassed approximately 16.2 million square feet of primarily office and life science space, with occupancy at 91.6%. The firm also holds a significant commitment to sustainability and corporate responsibility, achieving carbon-neutral operations since 2020.
John Kilroy, CEO of Kilroy Realty Corporation (NYSE: KRC), will retire at the end of 2023 after nearly 30 years in the role. The company's board is initiating a search for his successor, aiming to have the new CEO start on January 1, 2024.
Under Kilroy’s leadership, the company expanded its portfolio to 16 million square feet, focusing on sustainability and innovation. Kilroy has achieved carbon neutral operations since 2020 and is recognized for its environmental initiatives. The company remains committed to its strategy focusing on premium real estate, disciplined capital allocation, and maintaining a strong balance sheet to ensure shareholder value.
Kilroy Realty Corporation (NYSE: KRC) announced its participation in Citi’s 2023 Global Property CEO Conference on March 7, 2023. CEO John Kilroy and senior management will engage in a live roundtable discussion from 10:35 a.m. to 11:10 a.m. Eastern Time. Access the live webcast at Kilroy's Investor Events. An audio replay will be available one hour post-event until March 7, 2024. Kilroy Realty, a leader in sustainability and innovative real estate, boasts an impressive portfolio of over 16.2 million square feet and is recognized for its commitment to corporate social responsibility.