KRC
Kilroy Realty Corporation39.73
-0.31-0.77%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.75BP/E (TTM)
14.66Basic EPS (TTM)
2.71Dividend Yield
0.05%Recent Filings
8-K
8-K
Kilroy Q3 earnings surge on sale
Kilroy Realty reported Q3 2025 net income of $156.2 million, boosted by a $110.5 million gain from selling a 663,000 sq ft Silicon Valley campus for $365 million, while acquiring Maple Plaza for $205.3 million. Stabilized portfolio occupancy hit 81.0%, with 552,000 sq ft leased, including key deals at Oyster Point Phase 2, signaling life science momentum. FFO guidance rose to $4.18-$4.24 per share. Gains mask occupancy risks.
8-K
Kilroy completes $400M notes offering
Kilroy Realty, L.P. completed a $400 million public offering of 5.875% senior notes due 2035 on August 8, 2025, fully guaranteed by Kilroy Realty Corporation. The notes, unsecured and ranking equally with other senior debt, carry semiannual interest payments starting April 15, 2026, while subordinated to secured mortgage debt. This bolsters the REIT's long-term capital base amid ongoing ATM program amendments. Covenants limit further indebtedness.
10-Q
Q2 FY2025 results
Kilroy Realty posted solid Q2 results, with total revenues edging up 3.3% y/y to $289.9M on rental income growth, while net operating income rose 1.5% y/y to $190.8M, buoyed by lower real estate taxes and insurance costs in the same-property portfolio. Diluted EPS climbed 39.0% y/y to $0.57, reconciling cleanly to 118.7M weighted shares, thanks to a $16.6M gain from selling a 78,509 sq ft property in June for $40.0M; operating cash flow for the half-year hit $280.7M, up 9.4% y/y, yielding positive free cash flow after $128.4M capex. Cash swelled to $193.1M with $1.1B revolver capacity, against $4.6B debt (87% unsecured, 4.5% effective rate) maturing staggered through 2036; a Silicon Valley four-building sale for $365.0M eyes Q3 close to fuel recycling. Leasing signed 346K sq ft at -11.2% GAAP rents, yet occupancy held at 80.8%. Tenant defaults pose ongoing pressure.
8-K
Kilroy boosts FFO guidance
Kilroy Realty reported Q2 revenues of $289.9 million, up from $280.7 million last year, with net income at $68.4 million ($0.57 per share) and FFO at $1.13 per share. Leasing surged to 423,000 square feet, yet stabilized portfolio occupancy dipped to 80.8% amid West Coast office headwinds. They sold a 79,000-square-foot property for $40 million and listed a 663,000-square-foot campus for $365 million. FFO guidance rose to $4.05–$4.15. Capital recycling sharpens focus.
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