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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.
Office property REITs have been hammered over the past year as investors realize the long-term consequences of work-from-home trends. Despite investor hopes, the data suggests the work-from-home shift will continue and harm occupancy rates and lease prices for virtually all office REITs.
BMO Capital Markets Managing Director John Kim discusses the opportunities in the real estate space as office stocks take a hit over the sluggish return-to-office.
Kilroy has the youngest portfolio of all major office REITs with buildings just 11 years old on average. This gives it a major advantage in attracting tenants.
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.22 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to FFO of $1.16 per share a year ago.
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today it will release first quarter 2023 financial results after the market closes on Wednesday, April 26, 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, April 27, 2023. To participate in the call by telephone, please dial (844) 200-6205 and enter access code 558367 five to 10 minutes prior to the start time to allow time for registration.
Kilroy Realty (KRC) was a big mover last session on higher-than-average trading volume.
The conversation surrounding which dividend stocks to buy and which to avoid centers on a wobbly economy. The failures of banks including Silvergate Capital (NYSE: SI ), Silicon Valley Bank (NASDAQ: SIVB ), and Signature Bank (NASDAQ: SBNY ) sent shockwaves rippling through the financial system.