KRC Stock Recent News

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.

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.