Kilroy Realty Corp, Inc. | REIT Profile

Symbol: KRC
CIK: 1025996
Exchange: NYSE
Founded: 1996 (29 years)
HQ: Los Angeles, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office, Residential

See KRC on Yahoo Finance
See KRC on SEC.gov

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About Kilroy Realty Corp, Inc.

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies. At June 30, 2017, the company's stabilized portfolio totaled approximately 14.4 million square feet of office space and 200 residential units located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle. In addition, KRC had four projects totaling approximately 1.8 million square feet of office space, 237 residential units and 96,000 square feet of retail space under construction.


Kilroy Realty Corp, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$32.68 $32.79 $32.18 $32.28 $32.37 775,528 $0.31 0.96%

Last update: 2025-04-29 12:58:16 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 7.0

Dividend of Trading Day 2025-04-29


Dividend Yield: 6.67%*
Annualized Dividend: $2.16*
Dividend Yield (TTM): 6.8%
Annualized Dividend (TTM): $2.16
Ex-Dividend Date: 2025-03-31
Dividend Date: 2025-04-09
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Kilroy Realty Corp, Inc.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for KRC.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 FFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day 2025-04-29


Market Capitalization: $3,929,149,000
EBITDA: $653,036,000
P/E Ratio: 18.46
PEG Ratio: 2.42
Book Value: 45.59
Dividend Per Share: $2.16
EPS: 1.77
Revenue Per Share TTM: $9.65
ProfitMargin: 18.60%
Operating Margin TTM: 30.60%
Return on Assets TTM: 1.88%
Return on Equity TTM: 4.10%
Revenue TTM: $1,135,629,000
Gross Profit TTM: $762,758,000
Diluted EPS TTM: $1.77
Quarterly Earnings Growth YOY: 24.90%
Quarterly Revenue Growth YOY: 6.50%
Trailing P/E: 18.46
Forward P/E: 27.17
Beta: 1.06
Price to Sales Ratio TTM: 3.46
Price to Book Ratio: 0.71
EV to Revenue: 7.36
EV to EBITDA: 11.37x
Shares Outstanding: 118,269,000
52 Week High: $42.49
52 Week Low: $27.07
50 Day Moving Average: $32.92
200 Day Moving Average: $36.82

Properties Owned by KRC


KRC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $80.99 per share you would have been able to buy 12 shares of KRC on 2024-04-29 costing $971.88 @ $80.99 per share you would have been able to buy 6 shares of KRC on 2024-04-29 costing $485.94 @ $80.99 per share you would have been able to buy 3 shares of KRC on 2024-04-29 costing $242.97 @ $80.99 per share you would have been able to buy 1 shares of KRC on 2024-04-29 costing $80.99 @ $80.99 per share you would have been able to buy 0 shares of KRC on 2024-04-29 costing $0.00
Current worth On 2024-07-05 these 12 shares would be worth $374.88 @ $31.24 On 2024-07-05 these 6 shares would be worth $187.44 @ $31.24 On 2024-07-05 these 3 shares would be worth $93.72 @ $31.24 On 2024-07-05 these 1 shares would be worth $31.24 @ $31.24 On 2024-07-05 these 0 shares would be worth $0.00 @ $31.24
Dividends earned $25.92 in dividends would have been earned since 2024-04-29 with 12 shares. $13 in dividends would have been earned since 2024-04-29 with 6 shares. $6.48 in dividends would have been earned since 2024-04-29 with 3 shares. $2.16 in dividends would have been earned since 2024-04-29 with 1 shares. $0.00 in dividends would have been earned since 2024-04-29 with 6 shares.
Net (gain / loss)* -571.08 USD -285.54 USD -142.77 USD -47.59 USD 0.00 USD
ROI** -58.76% -58.76% -58.76% -58.76% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by KRC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
KRC 2025-03-31 0.540 --- 2025-02-25 2025-03-31 2025-04-09
KRC 2024-12-31 0.540 --- 2024-12-05 2024-12-31 2025-01-08
KRC 2024-09-30 0.540 --- 2024-09-16 2024-09-30 2024-10-09
KRC 2024-06-28 0.540 --- 2024-05-22 2024-06-28 2024-07-10
KRC 2024-03-27 0.540 --- 2024-02-27 2024-03-29 2024-04-10
KRC 2023-12-28 0.540 --- 2023-12-06 2023-12-29 2024-01-10
KRC 2023-09-28 0.540 --- 2023-09-12 2023-09-29 2023-10-11
KRC 2023-06-29 0.540 --- 2023-05-24 2023-06-30 2023-07-12
KRC 2023-03-30 0.540 --- 2023-02-16 2023-03-31 2023-04-12
KRC 2022-12-29 0.540 --- 2022-12-07 2022-12-30 2023-01-11
KRC 2022-09-29 0.540 3.85% 2022-09-08 2022-09-30 2022-10-12
KRC 2022-06-29 0.520 --- 2022-05-19 2022-06-30 2022-07-13
KRC 2022-03-30 0.520 --- 2022-02-08 2022-03-31 2022-04-13
KRC 2021-12-30 0.520 --- 2021-12-16 2021-12-31 2022-01-12
KRC 2021-09-29 0.520 4.00% 2021-09-13 2021-09-30 2021-10-13
KRC 2021-06-29 0.500 --- 2021-05-20 2021-06-30 2021-07-14
KRC 2021-03-30 0.500 --- 2021-02-08 2021-03-31 2021-04-14
KRC 2020-12-30 0.500 --- 2020-12-10 2020-12-31 2021-01-15
KRC 2020-09-29 0.500 3.09% 2020-08-26 2020-09-30 2020-10-14
KRC 2020-06-29 0.485 --- 2020-05-19 2020-06-30 2020-07-15

Financial Statements Overview


The next Earnings Report for KRC is 2024-07-31

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Assets 2024-12-31 2024-09-30 QoQ
Current Assets
Cash and Cash Equivalents at Carrying Value 165,690,000 625,395,000
Short-Term Investments 27,965,000 27,144,000
Cash and Short Term Investments 165,690,000 625,395,000
Current Net Receivables 0 0
Inventory 0 1,092,226,000
Other Current Assets 0 28,346,000
Total Current Assets 656,684,000 1,147,716,000 -42.8%
Non-Current Assets
Property Plant Equipment 0 0
Accumulated Depreciation Amortization PPE 0 0
Long-Term Investments 0 0
Investments 0 0
Intangible Assets Excluding Goodwill 58,567,000 226,991,000
Goodwill 167,370,000 0
Intangible Assets 58,567,000 226,991,000
Other Non-Current Assets 0 0
Total Non-Current Assets 355,159,000 10,232,918,000 -96.5%
Total Assets 12,659,195,000 11,380,634,000 11.2%
Liabilities
Current Liabilities
Current Accounts Payable 0 0
Deferred Revenue 0 0
Current Debt 0 0
Short-Term Debt 0 405,235,000
Current Long-Term Debt 0 0
Short Long-Term Debt Total 4,726,187,000 5,129,762,000
Other Current Liabilities 64,850,000 64,844,000
Total Current Liabilities 563,301,000 642,332,000 -12.3%
Non-Current Liabilities
Long-Term Debt Noncurrent 0 0
Long-Term Debt 4,597,765,000 5,001,156,000
Capital Lease Obligations 128,422,000 128,606,000
Other Non-Current Liabilities 0 0
Total Non-Current Liabilities 4,726,187,000 5,129,762,000
Total Liabilities 5,289,488,000 5,772,094,000 -8.4%
Shareholders' Equity
Common Stock 1,181,000 1,181,000
Common Stock Shares Outstanding 118,759,000 118,243,913
Treasury Stock 0 0
Retained Earnings 171,212,000 175,962,000
Total Shareholder Equity 5,382,046,000 5,380,338,000 0.0%

Amounts in USD ($)

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

2024-12-31 2024-09-30 QoQ
Total Revenue 286,379,000 289,938,000 -1.2%
  - Cost of Revenue   92,278,000   95,600,000
  - Cost of Goods and Services Sold   92,278,000   95,600,000
= Gross Profit 194,101,000 194,338,000 -0.1%
  - Research and Development   0   0
  - Selling General and Administrative   17,470,000   18,066,000
  - Depreciation   0   0
  - Depreciation and Amortization   89,391,000   92,147,000
  - Operating Expenses   106,591,000   109,945,000
= Operating Income 87,510,000 84,393,000 3.7%
EBIT (Earnings Before Interest and Tax) 98,279,000 84,393,000
  + Investment Income Net   0   0
  + Net Interest Income   -28,455,000   -26,720,000
    - Interest Income     4,790,000     9,688,000
    - Interest Expense     33,245,000     36,408,000
  - Interest and Debt Expense   0   0
  + Non Interest Income   0   0
  + Other Non Operating Income   0   0
= Income Before Tax -4,981,000 57,673,000 -108.6%
  - Income Tax Expense 0 -11,116,000
= Net Income from Continuing Operations 65,034,000 57,673,000
= Net Income -4,981,000 52,205,000 -109.5%
Comprehensive Income Net of Tax 0 0
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) 187,670,000 176,540,000

Amounts in USD ($)

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Cash Flow 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Net Income 49,121,000 47,010,000 52,493,000 55,261,000
Depreciation 88,293,000 86,275,000 85,481,000 90,617,000
Changes in Receivables 470,785,000 474,588,000 477,456,000 474,326,000
Changes in Inventories 0 0 0 0
Cash Change 964,520,000 794,833,000 897,583,000 387,671,000
Cash Flow 167,869,000 110,223,000 208,816,000 101,414,000
Capital Expenditures -101,476,000 -136,172,000 -148,257,000 -138,042,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 76,849,000 -139,923,000 -401,087,000 -138,042,000
Dividends Paid 0 0 0 0
Net Borrowings 4,133,514,000 4,123,013,000 4,019,665,000 4,001,862,000
Cash Flow Financing 100,126,000 -78,931,000 449,180,000 -77,845,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
5 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 4.9
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.0
8 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 9.0
5 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.7
7 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.2
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.9
7 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
4 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.8
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.6
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.4
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.3
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.4
Rating Properties Section Avg. Rating
6 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.8
4 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.1
Rating Market Cap Section Avg. Rating
5 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
7.0 Overall REITRating™ Score (See trend) 6.3

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2025-04-29 - v6.0