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) has announced the resignation of CFO Michelle Ngo, effective February 25, 2022, to join a private real estate firm. Eliott Trencher, currently the Chief Investment Officer, will serve as the interim CFO during the search for a permanent replacement. The company appreciates Ngo's 15 years of service and emphasizes its strong position in the real estate investment trust (REIT) sector.
Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.52 per common share, payable on April 13, 2022, for stockholders of record by March 31, 2022. This dividend translates to an annual rate of $2.08 per share. Kilroy, a leading U.S. landlord and developer, operates primarily in San Diego, Greater Los Angeles, San Francisco, Pacific Northwest, and Austin. The company’s portfolio was 91.9% occupied as of December 31, 2021.
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.
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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
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.
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