Kilroy Realty Corp. - KRC STOCK NEWS

Kilroy Realty Corporation (NYSE: KRC) reported a strong first quarter for 2021, achieving net income of $497.6 million ($4.26 per share), bolstered by a $3.92 per share gain from property sales. Revenues rose to $235.6 million, despite a COVID-related charge. The company maintains robust liquidity of $2.6 billion and a stable occupancy rate of 91.5%. With $1.5 billion in development projects, 88% leased, and a positive guidance for FFO in Q2 of $0.80 to $0.86 per share, KRC demonstrates resilience amid challenges.

Kilroy Realty Corporation (NYSE: KRC) will announce its Q1 2021 financial results on April 28, 2021, after market close. A conference call to discuss the results is scheduled for April 29, 2021, at 10:00 a.m. PT. KRC's stabilized portfolio was 91.2% occupied and 94.3% leased as of December 31, 2020, with a total of 14.6 million square feet. The company emphasizes sustainability, having earned multiple recognitions, including being listed on the Dow Jones Sustainability World Index. The forward-looking statements indicate various risks impacting future performance.

Kilroy Realty Corporation (NYSE: KRC) announced the signing of a definitive agreement to sell its 750,000 square-foot office property, The Exchange on 16th, located in San Francisco, for $1.08 billion, marking a record high of approximately $1,440 per square foot in the city's commercial real estate market. The transaction, currently in escrow, is expected to close by the end of March. Proceeds will be allocated for development, acquisitions, and corporate purposes, including potential debt repayment and stock repurchases.

Kilroy Realty Corporation (NYSE: KRC) announced its participation in Citi’s 2021 Virtual Global Property CEO Conference, with a live webcast on March 8, 2021, from 5:00-5:35 p.m. ET. The audio replay will be accessible an hour post-event on its Investor Relations page until March 8, 2022. KRC, a leading West Coast landlord and developer, boasts a portfolio of 14.6 million square feet primarily in office and life sciences, with a 91.2% occupancy rate. KRC is recognized for sustainability, holding various accolades, including the Dow Jones Sustainability World Index.

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.