Welcome to our dedicated page for Kilroy Rlty news (Ticker: KRC), a resource for investors and traders seeking the latest updates and insights on Kilroy Rlty 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) 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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