KRC Stock Recent News

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 (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.

Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.20 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to FFO of $1.08 per share a year ago.

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) (“Kilroy” or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2024. “Leasing activity meaningfully accelerated to more than 700,000 square feet in the fourth quarter, underscoring the recovery that we are seeing play out across our West Coast markets,” commented Angela Aman, CEO. “In addition to leasing execution, the team has remained active across all facets of our busine.

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today the 2024 tax treatment of its dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #49427F108) are to be classified for income tax purposes as follows: Record Date Payable Date Total Distribution per Share Total Distribution Attributable to 2024 2024 Taxable Ordinary Dividend 2024 Total Qualified Dividend (1) 2024 Total Capital Gain Distribution 2024 Unrec.

U.S. equity and bond markets posted their best week since the November election, as benchmark interest rates tumbled after inflation data showed surprisingly muted pressures in December. Closing the books on the Biden era, the Trump Administration assumes the reins next week of a U.S. economy that has seemingly "held it together" through a myriad of headwinds. The worst four years of inflation and the first decline in "real" consumer incomes since the late 1970s paradoxically coincided with a robust period of job growth and historically low unemployment.

US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025.

Kilroy Realty offers a 5.7% dividend yield with a conservative 49% payout ratio, making it attractive for income investors amid market volatility. Strong fundamentals include rising FFO, revenue growth, robust leasing activity, and strategic acquisitions, supporting long-term growth potential. KRC has an attractive valuation with a forward P/FFO of 8.7, sitting well below historical averages, and presenting potential upside for investors.

Kilroy Realty Corporation offers a 5.46% forward dividend yield with 27 consecutive years of payments, showcasing its stability and favorable long-term investment potential. KRC's Q3 2024 results were strong, with revenue growth, increased FFO, and positive leasing activity, with increased guidance going forward. Despite uncertainties in the office sector, KRC's strong balance sheet, low price to book ratio, and positive market trends support its growth outlook.

I am bullish on the company due to its resilience demonstrated by high occupance rate and dominant financial performance relative to peers. The company has a very stable and sustainable dividend policy making it a dependable income generator. Kilroy Realty Corporation is trading at a 20.19% discount, offering a decent entry point for potential investors.