KRC Stock Recent News

Kilroy Realty Corporation is a standout office REIT with a high-quality office portfolio, particularly in prime locations like San Diego.

Kilroy Realty (KRC) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Kilroy Realty shares have lost over one-third of their value due to concerns about remote working and rental demand in the office sector. The company's Q3 earnings beat expectations, but property costs and interest expenses have increased, offsetting higher revenue. Kilroy's balance sheet is well-structured, but the decline in demand for office space remains a challenge, with declining occupancy and leasing activity likely to reduce cash flow over time.

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.