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) reported a record annual revenue exceeding $1 billion for 2022. In Q4, revenues increased by 8.9% to $284.3 million, with net income rising to $0.45 per diluted share, marking a 12.5% growth. Funds from operations (FFO) were $139.9 million, or $1.17 per share, up 11.4%. Leasing activity was robust, achieving a 91.6% occupancy and a 92.9% lease rate. The company secured $1.7 billion in liquidity, including a $500 million term loan. A quarterly dividend of $0.54 per share was declared. 2023 guidance indicates an FFO range of $4.40 to $4.60 per share, projecting continued growth despite expected lower same-store cash NOI growth.
Kilroy Realty Corporation (NYSE: KRC) announced the tax treatment for its 2022 dividend distributions. Shareholders will receive a total distribution of $2.12 per share for the tax year, classified as follows: $1.85 as taxable ordinary dividends and $0.27 as qualified dividends. The distribution record date was December 30, 2022, with a payable date of January 11, 2023. Investors are advised to consult tax advisors for specific tax impacts. Kilroy continues to operate as a major sustainable real estate investment trust (REIT) and boasts a diverse portfolio across major U.S. locations.
Kilroy Realty Corporation (NYSE: KRC) will release its fourth quarter 2022 financial results after the market closes on February 1, 2023. A conference call to discuss these results is scheduled for February 2, 2023, at 10:00 a.m. PT. Investors can participate via telephone or listen online through Kilroy's Investor Relations website. As of September 30, 2022, Kilroy's stabilized portfolio covers approximately 16.2 million square feet with 90.8% occupancy. Additionally, the company has ongoing projects estimated at $1.7 billion, underscoring its active development strategy.
Kilroy Realty Corporation (NYSE: KRC) has declared a quarterly cash dividend of $0.54 per share, payable on January 11, 2023, to stockholders of record on December 30, 2022. This dividend translates to an annual rate of $2.16 per share. The company, recognized for sustainability and innovative developments across major U.S. markets, had a stabilized portfolio of approximately 16.2 million square feet as of September 30, 2022, with a 90.8% occupancy rate.
Kilroy Realty Corporation (NYSE: KRC) announced an invitation-only Investor Event on November 14, 2022, at Kilroy Oyster Point, South San Francisco. The event will be livestreamed from 12:00 p.m. to 2:00 p.m. Pacific Time, accessible on their website, with a replay available afterward. As of September 30, 2022, Kilroy's portfolio included approximately 16.2 million square feet of office and life science space, with a 90.8% occupancy rate, showcasing their strong position in the real estate market.
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.