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) is a publicly traded REIT and member of the S&P MidCap 400 Index, with operations in the San Francisco Bay Area, Los Angeles, San Diego, Seattle, and Austin, Texas. This news page aggregates company-issued updates and market-moving announcements so readers can follow how Kilroy’s office, life science, and mixed-use portfolio evolves over time.
News about Kilroy often covers quarterly earnings releases, funds from operations (FFO) guidance, and supplemental financial data furnished on Form 8-K. These updates provide detail on revenues, net income, occupancy and leasing levels in the stabilized portfolio, development spending, and capital markets activity, such as public offerings of senior notes through Kilroy Realty, L.P.
Investors can also track announcements about acquisitions and dispositions, including transactions like the purchase of Maple Plaza in the Beverly Hills submarket of Los Angeles and the sale of a multi-building campus in Silicon Valley. Regular dividend declarations on common stock, including the stated quarterly cash dividend rate, are another recurring theme in Kilroy’s news flow.
For those focused on property-level trends, Kilroy’s releases highlight leasing milestones and tenant commitments, particularly at life science developments such as Kilroy Oyster Point Phase 2 in South San Francisco. The company reports on new leases, renewal activity, and occupancy expectations across its office and life science assets, as well as the performance of its residential units in Hollywood and San Diego.
Because Kilroy places emphasis on sustainability and corporate culture, news items frequently reiterate its carbon neutral operations since 2020, high levels of LEED, Fitwel, and ENERGY STAR certifications, and recognition from organizations such as GRESB, Nareit, and ENERGY STAR. Conference participation and investor events are also announced through press releases, giving shareholders insight into management’s engagement with the broader real estate and capital markets community.
Kilroy Realty Corporation (NYSE: KRC) has energized three solar projects, increasing its solar portfolio to six megawatts across 13 assets. The installations are located in San Diego and South San Francisco, reinforcing Kilroy's commitment to sustainability and renewable energy. These projects will optimize building efficiency by reducing electrical grid demand, providing clean energy directly to tenants. Collaborating with Stronghold Engineering and Black Bear Energy, Kilroy aims to lead the real estate sector in sustainable practices.
Kilroy Realty Corporation (NYSE: KRC) will release its second quarter 2022 financial results on July 27, 2022, and will hold a conference call on July 28, 2022 at 10:00 a.m. PT. Investors can participate via phone or through the company's website. As of March 31, 2022, Kilroy's portfolio comprised approximately 15.2 million square feet of primarily office and life science space, with 91.3% occupancy. The company is recognized for its sustainability efforts, with 72% of its office portfolio being LEED certified, and continues to invest in significant redevelopment projects.
Kilroy Realty Corporation (NYSE: KRC) reported strong leasing activity in Q2, signing or renewing leases on approximately 190,000 square feet across its West Coast portfolio. Average rents increased by 22% in cash terms and 39% on a GAAP basis compared to prior leases. Notably, an 11-year lease with Blue Shield of California for 72,000 square feet and another lease for 58,000 square feet in Santa Monica were highlights. KRC's stabilized portfolio is now 93% leased, following over 375,000 square feet leased in 2022. The company maintains a commitment to sustainability and corporate social responsibility.
Kilroy Realty Corporation (NYSE: KRC) announced a quarterly cash dividend of $0.52 per common share, set for payment on July 13, 2022, to stockholders of record by June 30, 2022. This dividend translates to an annual rate of $2.08 per share. Kilroy Realty operates in major U.S. markets, maintaining a portfolio of approximately 15.2 million square feet of office and life science space, with a 91.3% occupancy rate as of March 31, 2022. The company, recognized for sustainability efforts, is a member of the S&P MidCap 400 Index.
Kilroy Realty Corporation (NYSE: KRC) reported its Q1 2022 financial results with net income of $53.1 million, or $0.45 per share. Funds from operations (FFO) were $137.8 million, or $1.16 per share, a year-over-year growth from $116.2 million. The company’s revenue reached $265.5 million, with a stabilized portfolio occupancy of 91.3%. Notable developments include new leases totaling 183,000 square feet and the acquisition of land for $40 million in Austin for Class A office development. KRC updated its 2022 FFO guidance to $4.44-$4.58 per share.
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.
FAQ
What is the current stock price of Kilroy Rlty (KRC)?
What is the market cap of Kilroy Rlty (KRC)?
