Kilroy Rlty Corp Stock Price, News & Analysis

Kilroy Realty Corporation (NYSE: KRC) reported strong financial results for Q3 2022, with revenues increasing by 19% to $276.0 million compared to $232.3 million in Q3 2021. Net income available to common stockholders rose to $79.8 million, or $0.68 per diluted share, up from $47.0 million, or $0.40 per diluted share last year. Funds from operations (FFO) reached $139.7 million, a 20% increase. The company also raised its quarterly dividend by 3.8% to $0.54 per share. The updated guidance projects FFO per diluted share for the full year 2022 between $4.62 and $4.68.

Kilroy Realty Corporation (NYSE: KRC) has signed approximately 223,000 square feet of new or renewing leases in October, with average rents increasing by 18.5% on a cash basis and 45.5% on a GAAP basis compared to prior leases. Year-to-date, KRC has achieved over 785,000 square feet in new or renewing leases, with a stabilized portfolio currently 93% leased. Notable transactions include significant leases in San Diego and Austin, reflecting KRC's strong market position and continued demand for office space.

Kilroy Realty Corporation (NYSE: KRC) announced its plan to release third quarter 2022 financial results on October 25, 2022, after market close. A conference call to discuss the results will be held on October 26, 2022, at 10:00 a.m. PT. Interested participants can join via telephone or listen online through the Investor Relations section of Kilroy's website. The company operates in key U.S. markets, focusing on office and life science projects, with a portfolio totaling approximately 15.8 million square feet as of June 30, 2022.

Kilroy Realty Corporation (NYSE: KRC) has secured a new $400 million unsecured term loan facility, maturing on October 3, 2026. This loan features two one-year extension options and will primarily fund general corporate activities, including ongoing development projects. The borrowing rate is variable, currently calculated as one-month SOFR plus 95 basis points. Supported by 13 lenders, including JP Morgan Chase and BofA Securities, the loan aims to strengthen liquidity and enhance the company’s development pipeline.

Kilroy Realty Corporation (NYSE: KRC) declared a quarterly cash dividend of $0.54 per share, payable on October 12, 2022, to shareholders of record as of September 30, 2022. This marks a 3.8% increase from the previous annualized dividend of $2.08, bringing the annual rate to $2.16 per share. As of June 30, 2022, Kilroy's portfolio comprises approximately 15.8 million square feet of office and life science space, showing a 91.4% occupancy rate.

Kilroy Realty Corporation (NYSE: KRC) will participate in a roundtable discussion at the Bank of America 2022 Global Real Estate Conference on September 13, 2022, starting at 11:05 a.m. Eastern Time. The live panel will last approximately 35 minutes and can be accessed via the company's Investor Relations page. A replay will be available starting one hour after the live event through December 13, 2022. Kilroy, recognized for its sustainable practices, manages over 15.8 million square feet of office and life science space.

Kilroy Realty Corporation (NYSE: KRC) reported strong financial results for Q2 2022, with revenues increasing by 20% to $271.2 million compared to $226.0 million in Q2 2021. Net income rose 32% to $47.1 million, or $0.40 per share, while Funds from Operations (FFO) climbed 33% to $139.4 million, or $1.17 per share. The stabilized portfolio maintained a 91.4% occupancy rate, with significant lease activities reported. The company holds $1.2 billion in liquidity and declared a quarterly dividend of $0.52 per share. Guidance for FFO per diluted share for 2022 is updated to a range of $4.53 to $4.63.

Kilroy Realty Corporation (NYSE: KRC) has energized three solar projects, increasing its solar portfolio to six megawatts across 13 assets. The installations are located in San Diego and South San Francisco, reinforcing Kilroy's commitment to sustainability and renewable energy. These projects will optimize building efficiency by reducing electrical grid demand, providing clean energy directly to tenants. Collaborating with Stronghold Engineering and Black Bear Energy, Kilroy aims to lead the real estate sector in sustainable practices.

Kilroy Realty Corporation (NYSE: KRC) will release its second quarter 2022 financial results on July 27, 2022, and will hold a conference call on July 28, 2022 at 10:00 a.m. PT. Investors can participate via phone or through the company's website. As of March 31, 2022, Kilroy's portfolio comprised approximately 15.2 million square feet of primarily office and life science space, with 91.3% occupancy. The company is recognized for its sustainability efforts, with 72% of its office portfolio being LEED certified, and continues to invest in significant redevelopment projects.