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 Corporation (NYSE: KRC) has detailed the tax treatment of its 2020 dividend distributions. The total distribution per share is set at $.485 for periods ending 12/31/2019, 3/31/2020, 6/30/2020, and a higher allocation of $.500 for 9/30/2020. These distributions are classified largely as taxable ordinary dividends, with specific allocations to qualified dividends and capital gains. The payment date for these distributions is January 15, 2021, and stockholders are advised to consult their tax advisors regarding treatment.
Kilroy Realty Corporation (NYSE: KRC) will release its fourth quarter 2020 financial results on February 1, 2021, after market close. A conference call is scheduled for February 2, 2021, at 10:00 a.m. PT. KRC, a prominent West Coast landlord and developer, has a portfolio of approximately 14.3 million square feet, with 92.2% occupancy and 95.5% leased status. The company emphasizes sustainability, with 68% of its portfolio LEED certified, and has numerous accolades for its environmental efforts. Further information is available on KRC's investor relations website.
Kilroy Realty Corporation (NYSE: KRC) has achieved carbon neutral operations as of 2020, making it the first North American REIT to do so. The company executed this through energy efficiency measures, onsite and offsite renewables, and verified emission reduction credits. Key strategies included an 18% reduction in energy use since 2010 and solar installations generating 2% of total energy consumed. KRC plans to manage Scope 3 emissions next, focusing on construction materials and tenant energy use.
Kilroy Realty Corporation (NYSE: KRC) has announced executive promotions to strengthen its leadership team. Tyler H. Rose has been promoted to President, overseeing operations and succession planning. Michelle Ngo now serves as SVP, Chief Financial Officer, managing finance and investor relations. Eliott Trencher has been appointed SVP and Chief Investment Officer, focusing on acquisitions and strategic initiatives. These changes underscore the company's commitment to developing internal talent and enhancing operational efficiency.
Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.50 per common share, payable on January 15, 2021, to stockholders of record by December 31, 2020. This dividend reflects an annual rate of $2.00 per share. As of September 30, 2020, KRC's portfolio encompassed approximately 14.3 million square feet, with an occupancy rate of 92.2%. The company is recognized for its sustainability efforts, with 68% of its portfolio certified by LEED. KRC is also listed on the Dow Jones Sustainability World Index, showcasing its commitment to responsible business practices.
Kilroy Realty Corporation (NYSE: KRC) announced the launch of The Kilroy Stars, a series of light sculptures that will illuminate cities across the West Coast, including San Francisco, Seattle, San Diego, and Los Angeles, during December and January. Commissioned as a gift to the regions, these installations are part of Kilroy's commitment to community and sustainability. Each sculpture, created by renowned artists, spans 20 feet in diameter and features over 30,000 programmable LED bulbs, enhancing public art in post-pandemic life.
Kilroy Realty Corporation (NYSE: KRC) will participate in the NAREIT REITworld virtual conference from November 17-19, 2020, focusing on equity and debt investment discussions. A presentation will be available on their Investor Relations website. As of September 30, 2020, KRC reported a stabilized portfolio of 14.3 million square feet, with 92.2% occupancy. The company is recognized for its sustainability efforts, holding numerous certifications, and is committed to corporate social responsibility, employee wellness, and diversity.
Kilroy Realty Corporation (NYSE: KRC) has announced the expansion of its Board of Directors with the appointment of Louisa Ritter as an independent director. Ms. Ritter, who is President of Pisces, Inc., brings over 14 years of experience from Goldman Sachs, where she held several senior roles. Her expertise in finance and commitment to sustainability align with KRC's values. KRC, a leader in sustainable real estate, has a stabilized portfolio of approximately 14.3 million square feet, with high occupancy rates demonstrating its strong market position.
Kilroy Realty Corporation (NYSE: KRC) reported its third-quarter 2020 results, showing resilience amid the COVID-19 pandemic. The company collected 96% of rent billings, with a collection rate of 94% reported for October. KRC's liquidity stands at approximately $1.4 billion, supported by a $425 million bond offering. The third-quarter net income available to common shareholders was $49 million ($0.42 per share), while funds from operations (FFO) were $117.4 million ($0.99 per share). The portfolio is 92.2% occupied, and the company has $1.9 billion in projects 90% leased, indicating strong leasing activity.
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