Kilroy Rlty Corp Stock Price, News & Analysis

Kilroy Realty Corporation (NYSE: KRC) reported Q4 2021 financial results with net income of $47.6 million ($0.40 per share) and FFO of $125.5 million ($1.05 per share), which included an $0.11 charge for early debt extinguishment. Revenue reached $261.1 million with a stabilization rate of 91.9%. The company executed 312,000 square feet of leases, with rental rates rising approximately 20.2% for GAAP rents. Kilroy completed the sale of a property for $37 million and raised $450 million in green bonds. Guidance for 2022 FFO is set between $4.35 and $4.55 per share.

Kilroy Realty Corporation (NYSE: KRC) announced the appointment of Bill Hutcheson as Senior Vice President of Investor Relations & Capital Markets, effective January 24, 2022. With nearly 30 years on Wall Street, Mr. Hutcheson previously worked at Morgan Stanley and Citi, focusing on real estate investor relations. CEO John Kilroy expressed confidence that Mr. Hutcheson's expertise will enhance the company’s growth trajectory. Kilroy Realty operates across key U.S. markets, managing over 15 million square feet of office and life science properties, with a strong commitment to sustainability.

Kilroy Realty Corporation (NYSE: KRC) announced the tax treatment of its 2021 dividend distributions. The distributions, classified for income tax purposes, include a total distribution of $0.50 per share for four payment dates. Notably, $0.3318686 per share is categorized as a 2021 taxable ordinary dividend. Shareholders are urged to consult their tax advisors regarding the treatment of these distributions, which are regarded as 2022 dividends for tax purposes. The record date for the final distribution was December 31, 2021, paid on January 12, 2022.

Kilroy Realty Corporation (NYSE: KRC) will release its fourth quarter 2021 financial results on January 31, 2022, after market close. A conference call to discuss these results is scheduled for February 1, 2022, at 10:00 a.m. PT. To participate by phone, dial (844) 200-6205 and enter access code 734934. The company is recognized for its sustainability efforts and operates in major U.S. markets with a stabilized portfolio of 15.2 million square feet, 91.5% occupancy, and 93.9% leased as of September 30, 2021. More details can be found on their investor relations website.

Kilroy Realty Corporation (NYSE: KRC) has declared a quarterly cash dividend of $0.52 per common share, payable on January 12, 2022, to stockholders of record on December 31, 2021. This dividend reflects an annual rate of $2.08 per share. As of September 30, 2021, Kilroy's portfolio included approximately 15.2 million square feet of office and life science space, boasting a 91.5% occupancy rate and 93.9% leased. The company continues to lead in sustainability, holding numerous certifications, including 78% LEED certification.

Kilroy Realty Corporation (NYSE: KRC) has made significant strides in leasing and development, securing an 80,000 square-foot lease with a major media company in Los Angeles. Year-to-date leasing totals over 1.1 million square feet, with new tenants accounting for 70%. The successful completion of its Kilroy Oyster Point Phase 1, a $570 million project, adds 421,000 square feet fully leased to fintech giant Stripe. Additionally, the company sold an office property in San Diego for $37 million, contributing to over $2 billion in transactions in 2021.

Kilroy Realty Corporation (NYSE: KRC) reported third-quarter 2021 financial results with a net income of $47.0 million or $0.40 per share, a slight decrease from $49.0 million or $0.42 per share in Q3 2020. Funds from operations (FFO) were $116.0 million or $0.98 per share. Revenues increased to $232.3 million. The company raised its quarterly cash dividend by 4% to $0.52 per share. The stabilized portfolio was 91.5% occupied and 93.9% leased. Notable activities included a $490 million acquisition of a fully leased office project and strong leasing activity in life sciences.