Kilroy Realty Corporation (KRC) Q3 2025 Earnings Call Transcript
Kilroy Realty Corporation (NYSE:KRC ) Q3 2025 Earnings Call October 28, 2025 1:00 PM EDT Company Participants Douglas Bettisworth Angela Aman - CEO & Director Eliott Trencher - EVP & Chief Investment Officer Jeffrey Kuehling - Treasurer, Executive VP & CFO A. Paratte - Executive VP & Chief Leasing Officer Conference Call Participants Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Jana Galan - BofA Securities, Research Division Steve Sakwa - Evercore ISI Institutional Equities, Research Division Seth Bergey - Citigroup Inc., Research Division Anthony Paolone - JPMorgan Chase & Co, Research Division Brendan Lynch - Barclays Bank PLC, Research Division John Kim - BMO Capital Markets Equity Research Upal Rana - KeyBanc Capital Markets Inc., Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Michael Carroll - RBC Capital Markets, Research Division Omotayo Okusanya - Deutsche Bank AG, Research Division Dylan Burzinski - Green Street Advisors, LLC, Research Division Presentation Operator Hello, everyone, and welcome to the KRC Third Quarter '25 Earnings Conference Call.
Kilroy Realty (KRC) Q3 FFO and Revenues Surpass Estimates
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.09 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to FFO of $1.17 per share a year ago.
Kilroy Realty: Q2 Not As Strong As It Seems
Kilroy Realty's Q2 results beat expectations, aided by one-time items and improved leasing, but fundamental occupancy and rent growth remain weak. Portfolio sales provide capital flexibility, but high debt and rising refinancing costs continue to pressure long-term cash flow and valuation. Guidance appears higher, but is flattered by nonrecurring benefits; underlying fundamentals suggest ongoing gradual declines in occupancy and FFO.
Kilroy Realty Corporation (KRC) Q2 2025 Earnings Call Transcript
Kilroy Realty Corporation (NYSE:KRC ) Q2 2025 Earnings Conference Call July 29, 2025 1:00 PM ET Company Participants A. Robert Paratte - Executive VP & Chief Leasing Officer Angela M.
Kilroy Realty (KRC) Q2 FFO and Revenues Beat Estimates
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.13 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to FFO of $1.1 per share a year ago.
Kilroy Realty: Navigating Remote Work Turbulence Amid Signs Of Recovery
Kilroy Realty continues to face lower occupancy rates due to remote work trends, though recent leasing activities hint that conditions are bottoming out, especially in premium ("super prime") real estate. Kilroy is strategically focusing on life sciences, AI, and biotech sectors in innovation hubs along the U.S. West Coast, notably expanding its life sciences property portfolio significantly. Despite current occupancy headwinds, Kilroy maintains a strong balance sheet, liquidity, and an attractive dividend yield (~7%), with the current valuation reflecting significant investor pessimism.
Kilroy Realty: Fairly Valued And Fully Priced
Kilroy Realty is a REIT with a focus on Class A office and life science properties, primarily in California and Washington. KRC's stock declined by 5% over the past year, reflecting broader sector headwinds, with a dividend yield of 6.66% and a payout ratio of 46.5%. The company faces occupancy challenges due to hybrid work trends and tech sector volatility, with a cautious 2025 outlook and expected negative NOI growth.
Kilroy Realty Corporation (KRC) Q1 2025 Earnings Call Transcript
Kilroy Realty Corporation (NYSE:KRC ) Q1 2025 Earnings Conference Call May 6, 2025 1:00 PM ET Company Participants Doug Bettisworth - Vice President of Corporate Finance Angela Aman - Chief Executive Officer Jeffrey Kuehling - Executive Vice President, Chief Financial Officer and Treasurer Eliott Trencher - Executive Vice President and Chief Investment Officer Justin Smart - President Robert Paratte - Executive Vice President and Chief Leasing Officer Conference Call Participants Michael Carroll - RBC Capital Markets Jana Galen - BofA Securities Steve Sakwa - Evercore ISI Caitlin Burrows - Goldman Sachs & Co. LLC Nicholas Yulico - Scotiabank John Kim - BMO Capital Markets Dylan Burzinski - Green Street Advisors Peter Abramowitz - Jefferies Upal Rana - KeyBanc Capital Markets Yang Ku - Wells Fargo Brendan Lynch - Barclays Operator Hello, and welcome to the Kilroy Realty Corporation 1Q '25 Earnings Conference Call. My name is Harry, and I will be your operator today.
Kilroy Realty (KRC) Lags Q1 FFO and Revenue Estimates
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.02 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to FFO of $1.11 per share a year ago.
Kilroy Realty Appears Cheap From Real Estate Valuation Perspective: Analyst
J.P. Morgan analyst Anthony Paolone maintained the Overweight rating on Kilroy Realty Corporation KRC on Tuesday, lowering the price forecast to $42 from $49.
Kilroy Realty: Falling Occupancy Likely To Drive FFO Declines Through 2026
Kilroy Realty Corporation's shares have underperformed due to higher interest rates and a challenging office leasing environment, especially in California's tech-heavy markets. Declining occupancy rates and deflationary pressures on rents, particularly in San Francisco, are expected to continue impacting Kilroy's financial performance through 2026. Despite a 6% dividend yield and solid dividend coverage, shrinking cash flow and higher debt costs make Kilroy Realty shares unattractive.
Kilroy Realty Corporation (KRC) Q4 2024 Earnings Call Transcript
Kilroy Realty Corporation (NYSE:KRC ) Q4 2024 Earnings Conference Call February 11, 2025 1:00 PM ET Company Participants Doug Bettisworth – Senior Director of Corporate Finance Angela Aman – Chief Executive Officer Eliott Trencher – Executive Vice President, Chief Investment Officer Jeffrey Kuehling – Executive Vice President, Chief Financial Officer and Treasurer Rob Paratte – Executive Vice President, Chief Leasing Officer Conference Call Participants Upal Rana – KeyCorp Steve Sakwa – Evercore ISI Nick Yulico – Scotiabank Jeffrey Spector – Bank of America Jamie Feldman – Wells Fargo Anthony Paolone – JPMorgan Michael Griffin – Citigroup Caitlin Burrows – Goldman Sachs Michael Carroll – RBC Dylan Burzinski – Green Street Advisors Brendan Lynch – Barclays John P. Kim – BMO Operator Good afternoon and welcome to the Kilroy Realty Corporation Fourth Quarter 2024 Earnings Conference Call.
