Kilroy Rlty Corp Stock Price, News & Analysis

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.

Kilroy Realty Corporation (NYSE: KRC) reported strong leasing activity in Q2, signing or renewing leases on approximately 190,000 square feet across its West Coast portfolio. Average rents increased by 22% in cash terms and 39% on a GAAP basis compared to prior leases. Notably, an 11-year lease with Blue Shield of California for 72,000 square feet and another lease for 58,000 square feet in Santa Monica were highlights. KRC's stabilized portfolio is now 93% leased, following over 375,000 square feet leased in 2022. The company maintains a commitment to sustainability and corporate social responsibility.

Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.52 per common share, set for payment on July 13, 2022, to stockholders of record by June 30, 2022. This dividend translates to an annual rate of $2.08 per share. Kilroy Realty operates in major U.S. markets, maintaining a portfolio of approximately 15.2 million square feet of office and life science space, with a 91.3% occupancy rate as of March 31, 2022. The company, recognized for sustainability efforts, is a member of the S&P MidCap 400 Index.