Kilroy Rlty Corp Stock Price, News & Analysis

Kilroy Realty Corporation (NYSE: KRC) declared a quarterly cash dividend of $0.52 per common share, payable on October 13, 2021, to stockholders of record on September 30, 2021. This represents a 4.0% increase from the previous annualized dividend of $2.00 per share, amounting to an annual rate of $2.08. As of June 30, 2021, Kilroy's stabilized portfolio comprised approximately 14.2 million square feet of space, with 91.8% occupancy and 93.6% leased. The company is a member of the S&P MidCap 400 Index, recognized for its leadership in sustainability.

Kilroy Realty Corporation (NYSE: KRC) announced that the Indeed Tower in Austin, Texas received LEED v4 Platinum certification, ranking it as the second-largest LEED v4 Core & Shell project in the U.S. and fifth-largest globally. Spanning ±730,000 square feet and 36 stories, the tower exemplifies sustainability with features like 85% onsite rainwater management and a 14% reduction in annual energy costs. Acquired for $580 million, Indeed Tower is pivotal to Kilroy's strategy, enhancing its sustainable real estate portfolio valued at approximately $3 billion in ongoing projects.

Kilroy Realty Corporation (NYSE: KRC) will participate in the Bank of America Merrill Lynch 2021 Global Real Estate Virtual Conference on September 21, 2021, starting at 12:00 p.m. ET. The discussion will last approximately 35 minutes and can be accessed live via the Company's Investor Relations webpage or through a dedicated webcast link. A replay will be available after the event until December 22, 2021. As of June 30, 2021, KRC’s portfolio included 14.2 million square feet of space, with 91.8% occupancy and 93.6% leased.

Kilroy Realty Corporation (NYSE: KRC) reported strong second-quarter results for 2021, showcasing net income of $35.8 million ($0.30 per share) and Funds from Operations (FFO) of $104.6 million ($0.88 per share). Revenues reached $226.0 million with a stabilized portfolio occupancy of 91.8%. The company signed around 198,000 square feet in new and renewing leases with significant rent increases of 25.6% (GAAP) and 8.7% (cash). Recent acquisitions include the Indeed Tower in Austin for $580.2 million. KRC maintains a robust balance sheet with $2.0 billion in liquidity and low debt maturities until 2023.

Kilroy Realty Corporation (NYSE: KRC) plans to release its second quarter 2021 financial results after market close on July 28, 2021, with a conference call scheduled for July 29, 2021, at 10:00 a.m. PT. The company, a leading U.S. REIT, manages a stabilized portfolio of approximately 14 million square feet primarily in office and life science spaces, with 88% leased. KRC is recognized for its sustainability efforts, with 67% of its portfolio LEED certified. The firm has five development projects totaling $1.5 billion, indicating continued growth potential.

Kilroy Realty Corporation (NYSE: KRC) announced agreements for three off-market acquisitions totaling approximately $670 million. The largest, Indeed Tower in Austin, Texas, valued at $580 million, aims to enhance earnings through lease-up opportunities and strengthen its tenant profile with a major technology tenant. Additionally, the company is acquiring a land site near its 2100 Kettner project in San Diego for $42 million and purchasing the ground lease for its Key Center in Bellevue for $47 million, which eliminates a future ground rent obligation.

Kilroy Realty Corporation (NYSE: KRC) has commenced construction on the second phase of its Kilroy Oyster Point project in South San Francisco, following the successful leasing of Phase 1. The second phase will encompass approximately 860,000 square feet across three buildings, with an estimated investment of $940 million. The development aims to provide unique amenities catering to the needs of biotechnology and pharmaceutical tenants. KRC has a significant footprint in life science real estate, with additional development plans in San Diego to meet growing demand.

Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.50 per common share, payable on July 14, 2021, to stockholders of record as of June 30, 2021. This dividend corresponds to an annual rate of $2.00 per share. KRC is a prominent real estate investment trust (REIT) focused on sustainable development, boasting a portfolio of approximately 14.0 million square feet of primarily office and life science space, with significant certifications for sustainability.

Kilroy Realty Corporation (NYSE: KRC) announced that its San Diego office development at 9455 Towne Centre Drive has received LEED Platinum certification. This 160,000 square foot building, fully leased to a Fortune 50 tech company, features sustainable elements like a large solar array and water-efficient fixtures. Completed in January 2021, it enhances KRC's portfolio, which totals approximately 14 million square feet. The company has a strong sustainability track record, recognized by GRESB and other organizations for its initiatives in the real estate sector.