KRC Stock Recent News

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today it will release third quarter 2023 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Thursday, October 26, 2023. To participate in the call by telephone, please dial (844) 200-6205 and enter access code 383102 five to 10 minutes prior to the start time to allow time for registration.

The office industry has been heavily impacted by oversupply and the rise of remote work during the pandemic. Kilroy Realty Corporation stands out in the industry with its focus on high-quality, modern offices for major tech and investment grade tenants. The company has a strong balance sheet, a stable tenant base, and a healthy dividend yield, making it a hidden gem in the office space.

In trading on Tuesday, shares of Kilroy Realty were yielding above the 6% mark based on its quarterly dividend (annualized to $2.16)

Kilroy's dividend is well-covered and the stock is cheap. A weakening labor market could be the catalyst to push employees back to the office.

While Office REITs have long been out of favor, it is only post-pandemic that the ones with top-notch quality and location are also attractively priced. Vornado and Kilroy Realty are owners of extremely high quality Class A office buildings, which have a future in coexistence with hybrid work schedules. At today's valuation, investors are paying 6x FFO for VNO and 7x FFO for KRC—it pays to have a contrarian bet.

Kilroy Realty is seen as an attractive investment opportunity due to its strong balance sheet, high dividend yield, and low valuation. Despite a drop in share price over the past year, KRC's occupancy and leased rates remain high and it has a strong balance sheet. KRC is well-positioned to benefit from the AI boom and the growing Life Science segment and has a well-protected 6.8% dividend yield.

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today it will release second quarter 2023 financial results after the market closes on Monday, July 31, 2023. The company will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Tuesday, August 1, 2023. To participate in the call by telephone, please dial (844) 200-6205 and enter access code 797620 five to 10 minutes prior to the start time to allow time for registration. Intern.

Kilroy Realty is an office landlord with a heavy focus on key California markets. The work-from-home trend and businesses moving to other states are material headwinds.

Kilroy Realty Corporation, an office REIT with assets on the West Coast, has seen its stock fall 60% from its all-time high, but its strong quarter and record FFO per share result show resilience. Kilroy has a low payout ratio, strong liquidity, and favorable debt maturity schedule, making it an attractive investment despite the challenges faced by the office real estate sector. Investors should be cautious with office REITs due to the uncertain environment, but Kilroy Realty's high-quality assets and tenant base may offer long-term value.

Kilroy Realty has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report.