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KRCKilroy Realty Corporation
$39.34$4.6B
Overview & Verdict
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KRC logoKilroy Realty Corporation(KRC)Earnings, Financials & Key Ratios

KRC•NYSE•REIT / Real Estate
$39.34
17.0× P/E·Price updated Jul 6, 2026
SectorReal EstateIndustryOffice REITsSub-IndustrySpecialized Office and Lab REITs
AboutKilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company's approach to modern business environments helps drive creativity, productivity and employee retention for some of the world's leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC's stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.Show more
  • Revenue$1.11B-2.0%
  • FFO$621M+9.3%
  • FFO/Share5.22+8.5%
  • FFO Payout41.52%-8.0%
  • FFO per Share5.22+8.5%
  • NOI Margin67%-0.2%
  • FFO Margin55.82%+11.6%
  • ROE4.91%+31.1%
  • ROA2.53%+33.8%

KRC Price & Volume

Kilroy Realty Corporation (KRC) stock price & volume — 10-year historical chart

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Operational Contraction Strains Kilroy Realty Liquidity Profile

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:West Coast office demand

Key Thesis Takeaways

  • Kilroy Realty faces significant headwinds as its core office and life science portfolio struggles with negative NOI margins of -4.9% and persistent cash burn.
  • The company's reliance on external financing to cover dividends—evidenced by a negative $57.5 million AFFO in 2026Q1—suggests a precarious path forward for shareholders.
  • Investors should monitor the rapid depletion of cash reserves, which fell from $964.5 million in 2024Q1 to $224.3 million, as the firm navigates a challenging West Coast real estate environment.

Verdict Logic

the company's inability to generate positive AFFO, which reached -$57.5 million in 2026Q1, indicates that the current dividend yield of 5.7% is not supported by recurring operational cash flow.

KRC Growth Metrics

Kilroy Realty Corporation (KRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.71%
5 Years4.37%
3 Years0.48%
TTM-1.42%

Profit CAGR

10 Years1.66%
5 Years8.09%
3 Years5.88%
TTM8.98%

EPS CAGR

10 Years-0.42%
5 Years7.31%
3 Years5.6%
TTM8.93%

Return on Capital

10 Years3.07%
5 Years3.11%
3 Years3.11%
Last Year2.99%

KRC Recent Earnings

Kilroy Realty Corporation (KRC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 27, 2026
Metric
Actual
Est
EPS
$0.91+543.6%
$0.14
Rev
$270M+2.7%
$263M
Q1 2026
Feb 9, 2026
Metric
Actual
Est
EPS
$0.10-65.7%
$0.29
Rev
$272M+0.4%
$271M
Q4 2025
Oct 27, 2025
Metric
Actual
Est
EPS
$1.09+9.0%
$1.00
Rev
$280M+3.6%
$270M
Q3 2025
Jul 28, 2025
Metric
Actual
Est
EPS
$1.13+11.9%
$1.01
Rev
$290M+6.9%
$271M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 27, 2026
$0.91vs $0.14+543.6%
$270Mvs $263M+2.7%
Q1 2026Feb 9, 2026
$0.10vs $0.29-65.7%
$272Mvs $271M+0.4%
Q4 2025Oct 27, 2025
$1.09vs $1.00+9.0%
$280Mvs $270M+3.6%
Q3 2025Jul 28, 2025
$1.13vs $1.01+11.9%
$290Mvs $271M+6.9%
Based on last 12 quarters of dataView full earnings history →

Latest KRC News

Recent stock market news and headlines for Kilroy Realty Corporation (KRC)

Business Wire·5 days ago
Kilroy Realty Corporation Announces Dates for Second Quarter 2026 Earnings Release and Conference Call

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) ("Kilroy" or the “Company”) announced today it will release second quarter 2026 financial results after the market closes on Monday, July 27, 2026. Kilroy will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Tuesday, July 28, 2026. To participate and obtain conference call dial-in details, register by using the following link: https://events.q4inc.com/analyst/213776497?pwd=miK0Lhqd. This call wi.

Business Wire·Jun 17, 2026
Kilroy Realty Recasts and Expands Credit Facilities

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) (the “Company”) today announced that its operating partnership, Kilroy Realty, L.P. (the “Borrower”), has closed on a fifth amended and restated senior unsecured revolving credit facility that permits borrowings of up to $1.25 billion (the “Revolving Credit Facility”). The term of the Revolving Credit Facility was extended two years and now matures July 31, 2030, prior to the exercise of available extension options. Additionall.

Peers Comparison

Key metrics vs top competitors for Kilroy Realty Corporation (KRC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KRC logoKRCKilroy Realty CorporationCurrent
$39.34$4.57B16.96-2.02%24.81%4.91%5.51%
BXP logoBXPBXP, Inc.
$69.97$11.16B40.212.19%9.09%4.13%—
HIW logoHIWHighwoods Properties, Inc.
$31.98$3.53B22.06-2.39%11.4%3.76%—
CUZ logoCUZCousins Properties Incorporated
$30.64$5.04B127.6716%-0.52%-0.11%—
DEA logoDEAEasterly Government Properties, Inc.
$25.08$1.16B86.4811.27%4.27%1.07%—
PDM logoPDMPiedmont Office Realty Trust, Inc.
$9.62$1.2B-14.36-0.93%-20.46%-5.7%—

Compare KRC vs Peers

Kilroy Realty Corporation (KRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BXP

Most directly comparable listed peer for KRC.

Scale Benchmark

vs PLD

Larger-name benchmark to compare KRC against a more recognizable public peer.

Peer Set

Compare Top 5

vs BXP, HIW, CUZ, DEA

KRC SEC Filings & Documents

Kilroy Realty Corporation (KRC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 17, 2026·SEC

Material company update

May 19, 2026·SEC

Material company update

Apr 27, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

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KRC Frequently Asked Questions

Kilroy Realty Corporation (KRC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Kilroy Realty Corporation's revenue?

Kilroy Realty Corporation (KRC) reported $1.11B in revenue for fiscal year 2025. This represents a 2738% increase from $39.2M in 1996.

How fast is Kilroy Realty Corporation growing?

Kilroy Realty Corporation (KRC) saw revenue decline by 2.0% over the past year.

Is KRC profitable?

Yes, Kilroy Realty Corporation (KRC) is profitable, generating $217.8M in net income for fiscal year 2025 (24.8% net margin).

Dividend & Returns
Does KRC pay dividends?

Yes, Kilroy Realty Corporation (KRC) pays a dividend with a yield of 5.51%. This makes it attractive for income-focused investors.

What is KRC's return on equity?

Kilroy Realty Corporation (KRC) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics
What is Kilroy Realty Corporation's FFO?

Kilroy Realty Corporation (KRC) generated Funds From Operations (FFO) of $569.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is KRC a good dividend stock?

Kilroy Realty Corporation (KRC) offers a 5.51% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in KRC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →