[SCHEDULE 13G/A] Kilroy Realty Corp. SEC Filing

Rhea-AI Filing Summary

Cohen & Steers entities report sizeable passive holdings in Kilroy Realty Corp. (KRC). Cohen & Steers, Inc. discloses beneficial ownership of 16,901,114 shares, representing 14.29% of the class, with sole voting power over 11,671,080 shares and sole dispositive power over 16,901,114 shares. Cohen & Steers Capital Management, Inc. reports 16,677,778 shares (14.10%) with sole voting power of 11,565,318 and sole dispositive power of 16,677,778. Smaller holdings are reported for Cohen & Steers UK Ltd (210,481 shares, 0.18%) and Cohen & Steers Ireland Ltd (12,855 shares, 0.01%); Cohen & Steers Asia Ltd reports zero holdings.

The filing is submitted on Schedule 13G and states these securities are held in the ordinary course of business for the benefit of account holders and not for the purpose of changing or influencing control of the issuer.

Positive

• Material institutional stake disclosed: Cohen & Steers, Inc. reports 16,901,114 shares (14.29%), indicating significant investor interest.
• Passive filing under Schedule 13G: The reporting persons state holdings are in the ordinary course of business and not for the purpose of changing control.

Negative

• None.

Insights

Securities Analyst

TL;DR: A large institutional passive stake of roughly 14% signals meaningful ownership but no stated intent to seek control.

The filing shows Cohen & Steers, through multiple affiliates, holds a material equity position in Kilroy Realty Corp., with the lead filer reporting 16.9 million shares (14.29%). The Schedule 13G designation and the certification that holdings are in the ordinary course of business indicate a passive investment posture rather than an activist or control-seeking approach. For investors and analysts, the key implications are increased institutional ownership concentration and potential liquidity considerations, but no immediate corporate governance actions are signaled by this disclosure.

Corporate Governance Expert

TL;DR: Material ownership by an investment manager increases stakeholder visibility but the filing asserts no change-in-control intent.

The combined holdings reported by Cohen & Steers affiliates create a concentrated ownership position, most notably the parent entity's 14.29% stake and the capital management affiliate's 14.10% stake. The filing explicitly states the shares are held for client accounts and were not acquired to influence control, consistent with Schedule 13G thresholds for passive investors. Governance teams should note the elevated institutional stake for engagement and disclosure purposes, although the filing does not indicate any plans for board or strategic intervention.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

KILROY REALTY CORP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

49427F108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 49427F108

1

Names of Reporting Persons

COHEN & STEERS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,671,080.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,901,114.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,901,114.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.29 %

12

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13G

CUSIP No. 49427F108

1

Names of Reporting Persons

Cohen & Steers Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,565,318.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,677,778.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,677,778.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.1 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 49427F108

1

Names of Reporting Persons

Cohen & Steers UK Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 92,907.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 210,481.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

210,481.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.18 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 49427F108

1

Names of Reporting Persons

Cohen & Steers Asia Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 49427F108

1

Names of Reporting Persons

Cohen & Steers Ireland Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 12,855.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,855.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,855.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

CO, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KILROY REALTY CORP
(b)	Address of issuer's principal executive offices: 12200 W. Olympic Blvd, Suite 200, Los Angeles, California, 90064
Item 2.
(a)	Name of person filing: Cohen & Steers, Inc. Cohen & Steers Capital Management, Inc. Cohen & Steers UK Ltd Cohen & Steers Asia Ltd Cohen & Steers Ireland Ltd
(b)	Address or principal business office or, if none, residence:
(c)	Citizenship:
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 49427F108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Corporation
Item 4.	Ownership
(a)	Amount beneficially owned: See row 9 on cover sheet
(b)	Percent of class: See row 11 on cover sheet
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See row 5 on cover sheet
	(ii) Shared power to vote or to direct the vote: See row 6 on cover sheet
	(iii) Sole power to dispose or to direct the disposition of: See row 7 on cover sheet
	(iv) Shared power to dispose or to direct the disposition of: See row 8 on cover sheet
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Each of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. and Cohen & Steers Ireland Ltd. holds the securities of the Issuer to which this statement relates for the benefit of their respective account holders. Such account holders have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities of the Issuer that are held on their behalf.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Cohen & Steers, Inc. holds a 100% interest in Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. (investment advisors registered under Section 203 of the Investment Advisers Act) and Cohen & Steers Ireland Ltd. (a non-US institution).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Corporation is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

COHEN & STEERS, INC.

Signature:	/s/ Nargis Hilal
Name/Title:	Nargis Hilal, SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	08/14/2025

Cohen & Steers Capital Management, Inc.

Signature:	/s/ Nargis Hilal
Name/Title:	Nargis Hilal, SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	08/14/2025

Cohen & Steers UK Ltd

Signature:	/s/ Natalie Okorie
Name/Title:	Natalie Okorie, VP, Compliance Officer
Date:	08/14/2025

Cohen & Steers Asia Limited

Signature:	/s/ Catherine Cheng
Name/Title:	Catherine Cheng, VP, Compliance Officer
Date:	08/14/2025

Cohen & Steers Ireland Limited

Signature:	/s/ Alan Cooper
Name/Title:	Alan Cooper, VP, Compliance Officer
Date:	08/14/2025

FAQ

How many Kilroy Realty (KRC) shares does Cohen & Steers, Inc. beneficially own?

Cohen & Steers, Inc. reports beneficial ownership of 16,901,114 shares, representing 14.29% of the class.

Does the filing indicate Cohen & Steers intends to influence control of Kilroy Realty (KRC)?

No. The Schedule 13G filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

What holdings do other Cohen & Steers affiliates report in KRC?

Cohen & Steers Capital Management, Inc. reports 16,677,778 shares (14.10%); Cohen & Steers UK Ltd reports 210,481 shares (0.18%); Cohen & Steers Ireland Ltd reports 12,855 shares (0.01%); Cohen & Steers Asia Ltd reports 0 shares.

Which voting and dispositive powers are disclosed for the largest filer?

Cohen & Steers, Inc. reports sole voting power over 11,671,080 shares and sole dispositive power over 16,901,114 shares.

What type of SEC filing was submitted for this disclosure?

The reporting parties filed a Schedule 13G, which is used for passive investors who meet the form's conditions.