Kilroy Rlty Corp - KRC STOCK NEWS

Kilroy Realty Corporation (NYSE: KRC) has partnered with CodeGreen to enhance its sustainability efforts across over 80 assets in the western US. This collaboration focuses on tracking energy, water, waste, and carbon emissions to support Kilroy's ambitious environmental goals. Data collected will be managed through the EPA ENERGY STAR Portfolio Manager Tool, aiding in compliance with various ESG reporting frameworks. Kilroy aims to leverage accurate data to drive impactful sustainability initiatives and maintain transparency with investors.

Kilroy Realty Corporation (NYSE: KRC) has declared a quarterly cash dividend of $0.50 per common share, payable on April 14, 2021, to stockholders of record on March 31, 2021. This corresponds to an annual rate of $2.00 per share. KRC, a leading West Coast real estate investment trust (REIT), focuses on office and life science developments and maintains a significant sustainability presence, with 68% of its portfolio being LEED certified. As of December 31, 2020, KRC’s portfolio was 91.2% occupied and 94.3% leased.

Kilroy Realty Corporation (NYSE: KRC) announced its fourth quarter financial results for 2020, reporting a net income of $78.6 million ($0.67 per share) and funds from operations (FFO) of $112.7 million ($0.95 per share). The company collected 96% of fourth quarter rent, with 98% from office and life science tenants. Total liquidity stands at $1.5 billion, with no significant debt maturities until 2023. Kilroy has $1.6 billion in development projects, 89% leased, and completed significant sales, including an operating property for $75.9 million.

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.