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) reported a 10.3% increase in revenues to $292.8 million for Q1 2023, up from $265.5 million in Q1 2022. Net income rose by 6.7% to $0.48 per diluted share. Funds from operations (FFO) also improved, reaching $146.0 million or $1.22 per diluted share, an increase of 5.2%. Occupancy in the stabilized portfolio stood at 89.6% as of March 31, 2023. Despite a 4.4% dip in cash rents, the company maintains a strong liquidity position with $1.6 billion available. The Board declared a quarterly dividend of $0.54 per share. Guidance for FFO in 2023 is set at $4.30 to $4.50 per diluted share, excluding costs related to the CEO's retirement.
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