Welcome to our dedicated page for Kilroy Realty news (Ticker: KRC), a resource for investors and traders seeking the latest updates and insights on Kilroy Realty stock.
Kilroy Realty Corporation (NYSE: KRC), a proud member of the S&P MidCap 400 Index, is a prominent real estate investment trust (REIT) focusing on premier office submarkets along the West Coast. The company is actively engaged in owning, developing, acquiring, and managing real estate assets across key coastal regions, including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, and greater Seattle, as well as Austin, Texas.
As of September 30, 2014, Kilroy Realty's stable portfolio boasted 105 office buildings, covering an impressive 13.5 million rentable square feet, with a remarkable occupancy rate of 94.1%. Today, the company has grown to manage approximately 17 million square feet of office space.
Kilroy Realty is renowned for its commitment to sustainable building practices and cutting-edge property management. The company is involved in numerous high-profile projects aimed at creating state-of-the-art office environments that meet the evolving needs of modern businesses. With a strategic focus on technology and innovation, Kilroy continues to set new benchmarks in the real estate sector.
Financially, Kilroy Realty has maintained a robust performance with steady revenue growth and strong asset management. Their extensive portfolio and strategic geographic locations make them a key player in the commercial real estate market.
For detailed information and the latest updates, visit their official website at kilroyrealty.com.
Kilroy Realty (NYSE: KRC) reported its Q3 2024 financial results with revenues growing 2.2% to $289.9 million compared to Q3 2023. Net income per diluted share was $0.44, down from $0.45 in Q3 2023. Funds from operations (FFO) increased 4.5% to $140.4 million, or $1.17 per diluted share. The company's stabilized portfolio was 84.3% occupied and 85.8% leased. During Q3, KRC signed approximately 436,000 square feet of leases and completed the acquisition of Junction at Del Mar for $35.0 million. The company updated its full-year 2024 FFO guidance to $4.38-$4.44 per share.
Kilroy Realty (NYSE: KRC) has declared a quarterly cash dividend of $0.54 per common share, payable on October 9, 2024 to stockholders of record on September 30, 2024. This dividend is equivalent to an annual rate of $2.16 per share. Kilroy, a leading U.S. landlord and developer, operates in major tech hubs and has a stabilized portfolio of approximately 17.0 million square feet of primarily office and life science space, with 83.7% occupancy and 85.4% leased as of June 30, 2024. The company also owns about 1,000 residential units with 92.8% average occupancy. Kilroy is recognized for its sustainability efforts, achieving carbon neutral operations across its portfolio since 2020.
Kilroy Realty (NYSE: KRC) has announced its participation in the Bank of America 2024 Global Real Estate Conference on September 10, 2024. The company's senior management will engage in a roundtable discussion, scheduled to begin at 2:15 p.m. Eastern Time and last approximately 35 minutes.
The event will be webcast live in audio-only format and accessible through the company's Investor Relations website or a provided link. A replay will be available until September 12, 2025.
Kilroy Realty is a leading U.S. landlord and developer with operations in major tech hubs. As of June 30, 2024, the company's portfolio included 17.0 million square feet of primarily office and life science space, with 83.7% occupancy. Kilroy is recognized for its commitment to sustainability, having achieved carbon neutral operations across its portfolio since 2020.
Kilroy Realty (NYSE: KRC) reported its Q2 2024 financial results, highlighting:
- Revenues of $280.7 million
- Net income of $0.41 per diluted share
- FFO of $132.6 million, or $1.10 per diluted share
- Stabilized portfolio 83.7% occupied and 85.4% leased
- Signed ~235,000 sq ft of leases
- Total liquidity of $1.9 billion
The company updated its full-year 2024 FFO guidance to $4.21-$4.31 per share. KRC also announced key personnel changes, including a new CFO and General Counsel. The company continues to focus on sustainability and has maintained carbon-neutral operations since 2020.
Kilroy Realty (NYSE: KRC) will announce its second quarter 2024 financial results after the market closes on July 31, 2024. The company will hold a conference call to discuss these results on August 1, 2024, at 10:00 a.m. PT (1:00 p.m. ET). To join, participants need to register via a provided link. Kilroy is a prominent U.S. REIT with operations in major cities like San Diego, Los Angeles, and Seattle, and has been recognized for its commitment to sustainability and innovation. As of March 31, 2024, its portfolio includes 17.0 million square feet of office and life science space, 84.2% occupied and 85.7% leased. Additionally, the company operates 1,000 residential units with a 93.1% occupancy rate. Kilroy is working on redevelopment projects totaling 975,000 square feet with investments estimated at $1.08 billion.
Archer (NYSE: ACHR), a leader in eVTOL aircraft, announced plans for an air mobility network in the San Francisco Bay Area. The network will connect South San Francisco, Napa, San Jose, Oakland, and Livermore, reducing travel times from 1-2 hours by car to approximately 10-20 minutes by air. Archer signed a memorandum of understanding (MOU) with Kilroy Realty (NYSE: KRC) to develop a critical hub at Kilroy Oyster Point in South San Francisco. The proposed hub, a 'Sea Portal,' will include facilities for eVTOL aircraft and electric ferry operations using renewable energy. The initial launch is targeted for late 2025. This initiative aims to provide efficient, sustainable, and low-noise transportation options, thereby enhancing connectivity and convenience for Bay Area residents and visitors.
Kilroy Realty (NYSE: KRC) announced a quarterly cash dividend of $0.54 per common share, translating to an annual rate of $2.16 per share. The dividend is payable on July 10, 2024, to shareholders of record on June 28, 2024.
Kilroy operates in major U.S. cities including San Diego, Los Angeles, San Francisco Bay Area, Seattle, and Austin, with a focus on sustainable real estate. As of March 31, 2024, Kilroy's portfolio included 17.0 million sq. ft. of office and life science space, 84.2% occupied and 85.7% leased, plus 1,000 residential units with 93.1% occupancy.
The company is recognized for its sustainability efforts, having achieved carbon-neutral operations since 2020 and earning several industry honors. Kilroy's redevelopment and development projects include $80 million in life science properties and a $1.0 billion mixed-use development.
Kilroy Realty reported financial results for the first quarter of 2024. Highlights include revenues of $278.6 million, net income available per diluted share of $0.42, FFO of $133.7 million, and leasing activity. The company raised $400 million in senior notes, recast their credit facility, and established a stock offering program. The Board approved a $500 million share repurchase program. The company declared a quarterly dividend of $0.54 per share. The updated FFO guidance for 2024 is $4.15 to $4.30 per share.
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