Kilroy Realty Corp, Inc. | REIT Profile

Symbol: KRC
CIK: 1025996
Exchange: NYSE
Founded: 1996 (26 years)
HQ: Los Angeles, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office, Residential

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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 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$51.60 $52.18 $51.56 $52.02 $51.85 $51.85 251,471 -$0.25 -0.48% $6,030,542,052 31.27 $77.78 $48.69 -21.18%

Last update: 2022-08-09 10:44:18 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: 8.2

Hightlights of Trading Day August 8, 2022


Open Price: $51.99
Closing Price: $51.85
Price Change: 0.33 (0.641%)
Lowest Price: $51.36
Highest Price: $53.04
52-Week Low: $48.69
52-Week High: $77.78
52-Week Change: -20.49%
5 Day Price Change: -4.91%
1 Month Price Change: -4.61%
3 Month Price Change: -21.53%
6 Month Price Change: -21.77%
YTD Price Change: -21.20%
1 Year Price Change: -20.49%
2 Year Price Change: -6.13%
5 Year Price Change: -14.53%

Dividend of Trading Day August 8, 2022


Dividend Yield: 4.012%*
Annualized Dividend: $2.08*
Dividend Yield (TTM): 3.987%
Annualized Dividend (TTM): $2.0541
Ex-Dividend Date: 2022-06-29
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 News Headlines


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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
2022 Q1 FFO $--- $--- ---%
2021 Q4 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 August 8, 2022


Total Cash: $233,032,000
Current Debt: $492,406,000
Revenue: $1,030,096,000
Gross Profit: $1,030,096,000
Total Revenue: $1,030,096,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $648,688,000
Revenue Per Share: $9
Revenue Per Employee: N/A
Employee: 252
Debt to Equity Ratio (D/E): 1.94
Profit Margin: 0.19%
Enterprise Value (EV): $10,167,199,155
Enterprise Value to Revenue (EV/R): 9.87
Price to Sales (P/S): 6.15
Price to Book (P/B): 1.17
Price/Earnings-to-Growth (PEG) Ratio: -0.46
P/E Ratio: 31.42
P/E High: 27.22
P/E Low: 20.88
Forward P/E Ratio: 34.26
Market Capitalization: $6,059,759,795
Beta: 0.85
Latest Volume: 659,090
Avg. Total Volume: 741,440
Avg. 10-Day Volume: 654,168
Avg. 30-Day Volume: 741,440
TTM EPS: 1.65
Shares Outstanding: 116,870,970
Float: N/A
50-Day Moving Avg.: $52.69
200-Day Moving Avg.: $63.34

Latest REIT Community Comments on #KRC


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Properties Owned by KRC


KRC Sample Property

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


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

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 2021-08-09 costing $971.88 @ $80.99 per share you would have been able to buy 6 shares of KRC on 2021-08-09 costing $485.94 @ $80.99 per share you would have been able to buy 3 shares of KRC on 2021-08-09 costing $242.97 @ $80.99 per share you would have been able to buy 1 shares of KRC on 2021-08-09 costing $80.99 @ $80.99 per share you would have been able to buy 0 shares of KRC on 2021-08-09 costing $0.00
Current worth On 2022-08-08 these 12 shares would be worth $622.20 @ $51.85 On 2022-08-08 these 6 shares would be worth $311.10 @ $51.85 On 2022-08-08 these 3 shares would be worth $155.55 @ $51.85 On 2022-08-08 these 1 shares would be worth $51.85 @ $51.85 On 2022-08-08 these 0 shares would be worth $0.00 @ $51.85
Dividends earned $24.96 in dividends would have been earned since 2021-08-09 with 12 shares. $12 in dividends would have been earned since 2021-08-09 with 6 shares. $6.24 in dividends would have been earned since 2021-08-09 with 3 shares. $2.08 in dividends would have been earned since 2021-08-09 with 1 shares. $0.00 in dividends would have been earned since 2021-08-09 with 6 shares.
Net (gain / loss)* -324.72 USD -162.36 USD -81.18 USD -27.06 USD 0.00 USD
ROI** -33.41% -33.41% -33.41% -33.41% 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 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
KRC 2020-03-30 0.485 --- 2020-02-12 2020-03-31 2020-04-15
KRC 2019-12-30 0.485 --- 2019-12-10 2019-12-31 2020-01-15
KRC 2019-09-27 0.485 --- 2019-09-11 2019-09-30 2019-10-16
KRC 2019-06-27 0.485 6.59% 2019-05-16 2019-06-28 2019-07-17
KRC 2019-03-28 0.455 --- 2019-02-12 2019-03-29 2019-04-17
KRC 2018-12-28 0.455 --- 2018-12-12 2018-12-31 2019-01-15
KRC 2018-09-27 0.455 --- 2018-09-06 2018-09-28 2018-10-17
KRC 2018-06-28 0.455 7.06% 2018-05-23 2018-06-29 2018-07-18
KRC 2018-03-28 0.425 --- 2018-02-14 2018-03-29 2018-04-18
KRC 2017-12-28 0.425 --- 2017-12-12 2017-12-29 2018-01-12
KRC 2017-09-28 0.425 --- 2017-09-13 2017-09-29 2017-10-18

Earnings Press Releases


Below are the Earnings Press Releases for KRC. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 Kilroy Realty Corporation Reports First Quarter Financial Results
2021 Q4 Kilroy Realty Corporation Reports Fourth Quarter Financial Results

Financial Statements Overview


The next Earnings Report for KRC is 2022-10-26

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 233,032,000 357,514,000 441,552,000 375,702,000
Receivables 448,817,000 433,002,000 420,051,000 405,943,000
Inventory 0 0 0 0
Current Assets 747,403,000 847,854,000 861,603,000 841,708,000
Current Assets (Other) 65,554,000 57,338,000 0 60,063,000
Short Term Investments 65,554,000 57,338,000 0 60,063,000
Long-term Investments 9,767,838,000 9,716,968,000 9,721,794,000 9,629,809,000
Property, Plant & Equipment Net 9,411,217,000 9,348,589,000 9,289,037,000 9,259,776,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 217,026,000 228,426,000 292,449,000 229,334,000
Net Tangible Assets 5,412,894,000 5,425,328,000 5,440,060,000 5,444,464,000
Total Assets 10,515,241,000 10,564,822,000 10,583,397,000 10,471,517,000
Accounts Payable 0 0 0 0
Liabilities (Other) 176,845,000 171,121,000 0 160,687,000
Current Liabilities (Other) 492,406,000 534,063,000 824,777,000 571,643,000
Total Current Liabilities 492,406,000 534,063,000 824,777,000 571,643,000
Current Long-term Debt 0 0 0 0
Long-term Debt 4,068,162,000 4,068,463,000 4,068,750,000 3,922,873,000
Total Liabilities 5,102,347,000 5,139,494,000 5,143,337,000 5,027,053,000
Minority Interest 239,657,000 240,433,000 249,810,000 246,174,000
Common Stock 116,822,234 116,650,228 116,463,418 116,456,796
Retained Earnings 260,020,000 274,193,000 283,663,000 297,250,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 5,412,894,000 5,425,328,000 5,440,060,000 5,444,464,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 271,184,000 265,501,000 261,085,000 232,326,000
Cost of Revenue 0 0 0 0
Gross Profit 271,184,000 265,501,000 261,085,000 232,326,000
Research and Development 0 0 0 0
Selling General and Admin 22,120,000 22,781,000 23,267,000 22,990,000
Operating Expense 197,213,000 185,574,000 180,514,000 163,704,000
Operating Income 73,971,000 79,927,000 80,571,000 68,622,000
Income Expense Net (Other) 0 0 0 0
EBIT 73,971,000 79,927,000 80,571,000 68,622,000
Interest Income 20,121,000 20,625,000 18,726,000 16,105,000
Pretax Income 53,975,000 59,383,000 55,126,000 53,493,000
Income Tax 0 0 0 0
Minority Interest 6,870,000 6,255,000 7,834,000 6,465,000
Net Income 46,825,000 52,715,000 46,900,000 46,640,000
Net Income Basic 46,825,000 52,715,000 46,900,000 46,640,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 46,825,000 52,715,000 46,900,000 46,640,000
Depreciation 96,774,000 88,660,000 86,423,000 74,099,000
Changes in Receivables 448,817,000 433,002,000 420,051,000 405,943,000
Changes in Inventories 0 0 0 0
Cash Change 233,032,000 357,514,000 441,552,000 375,702,000
Cash Flow 100,290,000 178,659,000 108,843,000 191,094,000
Capital Expenditures -143,345,000 -129,341,000 -146,329,000 -199,989,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -143,345,000 -169,374,000 -110,761,000 -541,814,000
Dividends Paid 0 0 0 0
Net Borrowings 3,769,576,000 3,653,611,000 3,627,198,000 3,487,108,000
Cash Flow Financing -78,585,000 -91,676,000 67,542,000 -66,981,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
9 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.7
3 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.2
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Trend: Analysis of the REIT’s FFO trend during the last two years. 8.8
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. 7.0
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.4
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
8.2 Overall REITRating™ Score (See trend) 6.1

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: 2022-08-09 - v3.4