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) maintains a premier portfolio of office properties across strategic West Coast markets and growing urban centers. This dedicated news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and market positioning.
Access timely press releases covering quarterly earnings, sustainability initiatives, and strategic acquisitions. Our curated collection ensures transparent access to operational updates, leadership announcements, and regulatory filings from this leading real estate investment trust.
Key content categories include financial results disclosures, property development milestones, tenant partnership announcements, and corporate governance updates. All materials are sourced directly from verified company communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to KRC's latest developments in commercial real estate. Combine these updates with our analysis tools for comprehensive investment research.
Kilroy Realty Corporation (NYSE: KRC) will release its first quarter 2022 financial results after market close on April 27, 2022. A conference call is scheduled for April 28, 2022, at 10:00 a.m. PT to discuss the results, accessible by dialing (844) 200-6205. As of December 31, 2021, Kilroy's stabilized portfolio totaled approximately 15.5 million square feet, with 91.9% occupancy and 93.9% leased. The company emphasizes sustainability, with 73% of its portfolio LEED certified.
Kilroy Realty Corporation (NYSE: KRC) has expanded its Austin, TX portfolio by acquiring a 2.9-acre development site for $40 million. The site is entitled for approximately 493,000 square feet of Class A office space and is strategically located near key amenities. Following the acquisition, Kilroy's total holdings in Austin will reach about 1.2 million square feet, with construction expected to start in mid-2022 and completion in 2024. The company also appointed Fernando Urrutia as Senior Vice President, Leasing for Austin, enhancing its regional growth prospects.
Kilroy Realty Corporation (NYSE: KRC) announced participation in Citi's 2022 Global Property CEO Conference on March 7, 2022, with a live webcast from 10:30 a.m. to 11:05 a.m. ET. CEO John Kilroy and senior management will engage in a roundtable discussion. Access to the webcast is available at Kilroy Investor Events. An audio replay will be available for one year post-event. As of December 31, 2021, Kilroy’s portfolio included approximately 15.5 million square feet of office and life science space, with a 91.9% occupancy rate.
Kilroy Realty Corporation (NYSE: KRC) has announced an amended lease agreement with Nuro to expand its lease at 1290-1300 Terra Bella Avenue, Mountain View, CA. The new lease covers approximately 114,000 square feet, doubling Nuro's prior occupancy of 56,000 square feet since 2017. This update marks the property’s full leasing status. The location benefits from proximity to major tech firms, including Google and Microsoft, in one of Silicon Valley's prime office submarkets.
Kilroy Realty Corporation (NYSE: KRC) has announced the resignation of CFO Michelle Ngo, effective February 25, 2022, to join a private real estate firm. Eliott Trencher, currently the Chief Investment Officer, will serve as the interim CFO during the search for a permanent replacement. The company appreciates Ngo's 15 years of service and emphasizes its strong position in the real estate investment trust (REIT) sector.
Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.52 per common share, payable on April 13, 2022, for stockholders of record by March 31, 2022. This dividend translates to an annual rate of $2.08 per share. Kilroy, a leading U.S. landlord and developer, operates primarily in San Diego, Greater Los Angeles, San Francisco, Pacific Northwest, and Austin. The company’s portfolio was 91.9% occupied as of December 31, 2021.
Kilroy Realty Corporation (NYSE: KRC) reported Q4 2021 financial results with net income of $47.6 million ($0.40 per share) and FFO of $125.5 million ($1.05 per share), which included an $0.11 charge for early debt extinguishment. Revenue reached $261.1 million with a stabilization rate of 91.9%. The company executed 312,000 square feet of leases, with rental rates rising approximately 20.2% for GAAP rents. Kilroy completed the sale of a property for $37 million and raised $450 million in green bonds. Guidance for 2022 FFO is set between $4.35 and $4.55 per share.
Kilroy Realty Corporation (NYSE: KRC) announced the appointment of Bill Hutcheson as Senior Vice President of Investor Relations & Capital Markets, effective January 24, 2022. With nearly 30 years on Wall Street, Mr. Hutcheson previously worked at Morgan Stanley and Citi, focusing on real estate investor relations. CEO John Kilroy expressed confidence that Mr. Hutcheson's expertise will enhance the company’s growth trajectory. Kilroy Realty operates across key U.S. markets, managing over 15 million square feet of office and life science properties, with a strong commitment to sustainability.
Kilroy Realty Corporation (NYSE: KRC) announced the tax treatment of its 2021 dividend distributions. The distributions, classified for income tax purposes, include a total distribution of $0.50 per share for four payment dates. Notably, $0.3318686 per share is categorized as a 2021 taxable ordinary dividend. Shareholders are urged to consult their tax advisors regarding the treatment of these distributions, which are regarded as 2022 dividends for tax purposes. The record date for the final distribution was December 31, 2021, paid on January 12, 2022.
