Market Summary
USD35.47+0.34
Market Closed0.97%
KRC Stock Price
KRC RSI Chart
KRC Valuation
KRC Price/Sales (Trailing)
KRC Profitability
KRC Fundamentals
KRC Revenue
KRC Earnings
Price Action
52 Week Range
25.9947.44
(Low)(High)
Last 7 days
-3.0%
Last 30 days
1.4%
Last 90 days
16.9%
Trailing 12 Months
-27.8%
KRC Financial Health
KRC Investor Care
Historical Charts for Stock Metrics
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Net sales
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Which funds bought or sold KRC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | unchanged | - | -1,049,130 | 13,665,900 | 0.35% |
2023-09-12 | Farther Finance Advisors, LLC | new | - | 933 | 933 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 245,655 | 245,655 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -475,632 | - | -% |
2023-08-21 | BOKF, NA | sold off | -100 | -870,750 | - | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -21.73 | -15,461 | 44,460 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.77 | 16,000 | 537,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 0.83 | -279,835 | 4,123,710 | 0.01% |
2023-08-16 | Nuveen Asset Management, LLC | added | 30.56 | 3,256,120 | 18,576,100 | 0.01% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | reduced | -1.2 | -524,114 | 5,836,560 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Kilroy Realty
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 15, 2023 | principal real estate investors llc | 5.03% | 5,873,462 | SC 13G/A | |
| Feb 10, 2023 | blackrock inc. | 11.7% | 13,635,654 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 14.05% | 16,424,492 | SC 13G/A | |
| Jan 31, 2023 | state street corp | 5.33% | 6,233,608 | SC 13G | |
| Jan 26, 2023 | blackrock inc. | 11.7% | 13,635,654 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.7% | 13,635,654 | SC 13G/A | |
| Feb 15, 2022 | principal real estate investors llc | 5.19% | 6,043,779 | SC 13G | |
| Jan 27, 2022 | blackrock inc. | 11.3% | 13,200,352 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 11.3% | 13,200,352 | SC 13G/A | |
| Feb 16, 2021 | cohen & steers, inc. | 3.98% | 4,592,289 | SC 13G/A |
Recent SEC filings of Kilroy Realty
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 01, 2023 | 10-Q | Quarterly Report | |
| Jul 31, 2023 | 8-K | Current Report | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jul 14, 2023 | 4 | Insider Trading | |
| Jul 14, 2023 | 4 | Insider Trading | |
| Jul 14, 2023 | 4 | Insider Trading | |
| Jul 14, 2023 | 4 | Insider Trading | |
| Jul 14, 2023 | 4 | Insider Trading | |
| Jul 14, 2023 | 4 | Insider Trading | |
| Jul 14, 2023 | 4 | Insider Trading |
Peers (Alternatives to Kilroy Realty)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 38.3B | 5.1B | 4.66% | 16.87% | 89.57 | 7.47 | 13.73% | -68.04% |
EQR | 23.7B | 2.0B | -2.80% | -13.36% | 28.39 | 11.73 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -2.88% | -24.35% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.4B | 1.8B | -3.14% | -11.36% | 28.27 | 6.5 | 6.75% | -42.80% |
| MID-CAP | ||||||||
FRT | 8.0B | 1.1B | -0.05% | -2.78% | 20.52 | 7.18 | 8.31% | 38.10% |
KRG | 4.9B | 820.5M | 2.36% | 18.76% | 174.46 | 5.97 | 29.95% | 125.56% |
VNO | 4.8B | 1.8B | 19.34% | -3.76% | -12.91 | 2.63 | 5.60% | -286.96% |
MAC | 2.6B | 866.2M | 3.18% | 34.92% | -29.3 | 2.95 | 0.51% | -335.26% |
| SMALL-CAP | ||||||||
SLG | 2.7B | 882.0M | 26.91% | -3.95% | -6.14 | 3.08 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.74% | 52.60% | 25.73 | 5.71 | 1.38% | 137.97% |
PGRE | 1.1B | 732.3M | 10.97% | -25.39% | -13.31 | 1.55 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -9.99% | -19.55% | -5.79 | 3.02 | 88.48% | -168.70% |
Kilroy Realty News
Returns for KRC
Cumulative Returns on KRC
-1.1%
10-Year Cumulative Returns
-6.5%
7-Year Cumulative Returns
-11.0%
5-Year Cumulative Returns
-11.5%
3-Year Cumulative Returns
Risks for KRC
What is the probability of a big loss on KRC?
56.9%
Probability that Kilroy Realty stock will be more than 20% underwater in next one year
45.8%
Probability that Kilroy Realty stock will be more than 30% underwater in next one year.
38.1%
Probability that Kilroy Realty stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does KRC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Kilroy Realty was unfortunately bought at previous high price.
Drawdowns
Financials for Kilroy Realty
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.2% | 1,137 | 1,124 | 1,097 | 1,074 | 1,030 | 985 | 955 | 923 | 919 | 913 | 898 | 889 | 877 | 858 | 837 | 808 | 779 | 766 | 747 | 734 | 729 |
| Operating Expenses | 0.4% | 793 | 790 | 772 | 750 | 727 | 693 | 672 | 654 | 647 | 666 | 659 | 656 | 656 | 623 | 615 | 608 | 589 | 583 | 561 | 536 | 528 |
| S&GA Expenses | 0.6% | 95.00 | 95.00 | 94.00 | 92.00 | 91.00 | 94.00 | 93.00 | 93.00 | 88.00 | 102 | 99.00 | 99.00 | 103 | 84.00 | 88.00 | 100 | 96.00 | 98.00 | 90.00 | 73.00 | 69.00 |
| Interest Expenses | 7.0% | 96.00 | 89.00 | 84.00 | 79.00 | 76.00 | 77.00 | 79.00 | 81.00 | 84.00 | 79.00 | 71.00 | 64.00 | 56.00 | 52.00 | 49.00 | 47.00 | 46.00 | 47.00 | 50.00 | 52.00 | 57.00 |
| Net Income | 2.8% | 273 | 265 | 259 | 255 | 222 | 211 | 659 | 687 | 688 | 669 | 207 | 202 | 196 | 219 | 215 | 298 | 284 | 264 | 258 | 127 | 163 |
| Net Income Margin | -100.0% | - | 0.24* | 0.24* | 0.24* | 0.22* | 0.21* | 0.69* | 0.74* | 0.75* | 0.73* | 0.23* | 0.22* | 0.21* | 0.24* | 0.23* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 596 | 592 | 593 | 579 | 551 | 516 | 499 | 448 | 477 | 456 | 449 | 445 | 410 | 387 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.5% | 10,911 | 10,969 | 10,797 | 10,620 | 10,515 | 10,565 | 10,583 | 10,472 | 10,435 | 10,384 | 10,001 | 9,985 | 9,659 | 9,735 | 8,900 | 8,624 | 8,095 | 7,884 | 7,766 | 7,562 | 7,385 |
| Cash Equivalents | -24.0% | 362 | 476 | 347 | 250 | 210 | 332 | 414 | 348 | 519 | 658 | 732 | 849 | 605 | 762 | 60.00 | 298 | 52.00 | 50.00 | 52.00 | 87.00 | 51.00 |
| Liabilities | -1.0% | 5,243 | 5,297 | 5,122 | 4,940 | 4,863 | 4,899 | 4,894 | 4,781 | 4,741 | 4,681 | 4,723 | 4,733 | 4,405 | 4,458 | 4,329 | 4,084 | 3,908 | 3,701 | 3,564 | 3,487 | 3,321 |
| Shareholder's Equity | -4.2% | 5,434 | 5,672 | 5,437 | 5,439 | 5,653 | 5,666 | 5,690 | 5,691 | 5,693 | 5,703 | 5,277 | 5,252 | 5,254 | 5,278 | 4,571 | 4,540 | 4,187 | 4,183 | 4,201 | 4,075 | 4,064 |
| Retained Earnings | -3.3% | 249 | 257 | 265 | 276 | 260 | 274 | 284 | 297 | 311 | 334 | -103 | -122 | -113 | -76.18 | -58.47 | -78.71 | -70.34 | -62.69 | -48.05 | -161 | -149 |
| Additional Paid-In Capital | 0.2% | 5,184 | 5,175 | 5,171 | 5,162 | 5,152 | 5,150 | 5,155 | 5,146 | 5,134 | 5,123 | 5,132 | 5,090 | 5,084 | 5,067 | 4,351 | 4,342 | 3,985 | 3,976 | 3,977 | 3,965 | 3,951 |
| Shares Outstanding | 0.0% | 117 | 117 | 117 | 117 | 117 | 117 | 116 | 116 | 116 | 116 | 116 | 115 | 115 | 107 | 106 | 105 | 101 | 101 | 101 | 101 | 100 |
| Minority Interest | -2.2% | 234 | 239 | 238 | 240 | 240 | 240 | 250 | 246 | 247 | 245 | 247 | 284 | 281 | 285 | 277 | 275 | 271 | 269 | 271 | 270 | 261 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 0.2% | 597 | 596 | 592 | 593 | 579 | 551 | 516 | 499 | 448 | 477 | 456 | 449 | 445 | 410 | 387 | 394 | 387 | 416 | 410 | 388 | 357 |
| Share Based Compensation | -0.7% | 33.00 | 33.00 | 28.00 | 29.00 | 30.00 | 31.00 | 34.00 | 32.00 | 29.00 | 31.00 | 30.00 | 31.00 | 31.00 | 27.00 | 27.00 | 29.00 | 30.00 | 32.00 | 28.00 | 24.00 | 22.00 |
| Cashflow From Investing | 1.0% | -499 | -505 | -553 | -517 | -1,155 | -1,729 | -747 | -703 | -72.48 | 482 | -542 | -976 | -1,185 | -1,226 | -1,228 | -730 | -561 | -774 | -808 | -983 | -807 |
| Cashflow From Financing | 1.8% | 42.00 | 41.00 | -118 | -173 | -169 | -163 | -164 | -299 | -27.10 | -50.19 | 833 | 1,089 | 1,303 | 1,539 | 747 | 554 | 183 | 362 | 503 | 438 | 105 |
| Dividend Payments | 1.0% | 253 | 250 | 248 | 245 | 242 | 240 | 237 | 235 | 233 | 231 | 225 | 218 | 212 | 202 | 196 | 191 | 187 | 183 | 179 | 175 | 171 |
| Buy Backs | -42.3% | 13.00 | 23.00 | 23.00 | 31.00 | 31.00 | 29.00 | 22.00 | 43.00 | - | 34.00 | 14.00 | 19.00 | 16.00 | 16.00 | - | 19.00 | 21.00 | 30.00 | - | 33.00 | - |
KRC Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue, Product and Service [Extensible List] | Service [Member] | Service [Member] | ||
| REVENUES | ||||
| Rental income (Note 6) | $ 281,309 | $ 268,576 | $ 571,413 | $ 531,784 |
| Other property income | 2,973 | 2,608 | 5,671 | 4,901 |
| Total revenues | 284,282 | 271,184 | 577,084 | 536,685 |
| EXPENSES | ||||
| Property expenses | 55,008 | 49,922 | 108,788 | 95,346 |
| Real estate taxes | 28,277 | 25,433 | 56,505 | 51,303 |
| Ground leases | 2,413 | 1,876 | 4,782 | 3,702 |
| General and administrative expenses (Note 5) | 22,659 | 22,120 | 46,595 | 44,901 |
| Leasing costs | 1,326 | 1,447 | 2,698 | 2,460 |
| Depreciation and amortization | 90,362 | 96,415 | 184,038 | 185,075 |
| Total expenses | 200,045 | 197,213 | 403,406 | 382,787 |
| OTHER INCOME (EXPENSES) | ||||
| Interest and other income, net | 3,421 | 125 | 4,881 | 206 |
| Interest expense (Note 3) | (26,383) | (20,121) | (52,054) | (40,746) |
| Total other expenses | (22,962) | (19,996) | (47,173) | (40,540) |
| NET INCOME | 61,275 | 53,975 | 126,505 | 113,358 |
| Net income attributable to noncontrolling common units of the Operating Partnership | (537) | (515) | (1,097) | (1,031) |
| Net income attributable to noncontrolling interests in consolidated property partnerships | (5,151) | (6,355) | (13,213) | (12,094) |
| Total income attributable to noncontrolling interests | (5,688) | (6,870) | (14,310) | (13,125) |
| NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) | $ 55,587 | $ 47,105 | $ 112,195 | $ 100,233 |
| Net income available to common stockholders per share – basic (in dollars per share) | $ 0.47 | $ 0.40 | $ 0.95 | $ 0.85 |
| Net income available to common stockholders per share – diluted (in dollars per share) | $ 0.47 | $ 0.40 | $ 0.95 | $ 0.85 |
| Weighted average common shares outstanding – basic (in shares) | 117,154,946 | 116,822,234 | 117,107,402 | 116,736,706 |
| Weighted average common shares outstanding – diluted (in shares) | 117,359,517 | 117,184,938 | 117,382,783 | 117,122,861 |
KRC Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| REAL ESTATE ASSETS: | ||
| Land and improvements | $ 1,738,242 | $ 1,738,242 |
| Buildings and improvements | 8,353,596 | 8,302,081 |
| Undeveloped land and construction in progress | 1,894,545 | 1,691,860 |
| Total real estate assets held for investment | 11,986,383 | 11,732,183 |
| Accumulated depreciation and amortization | (2,369,515) | (2,218,710) |
| Total real estate assets held for investment, net | 9,616,868 | 9,513,473 |
| CASH AND CASH EQUIVALENTS | 361,885 | 347,379 |
| MARKETABLE SECURITIES (Note 8) | 25,786 | 23,547 |
| CURRENT RECEIVABLES, NET | 10,686 | 20,583 |
| DEFERRED RENT RECEIVABLES, NET | 463,640 | 452,200 |
| DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET | 230,559 | 250,846 |
| RIGHT OF USE GROUND LEASE ASSETS | 126,022 | 126,530 |
| PREPAID EXPENSES AND OTHER ASSETS, NET (Note 2) | 75,588 | 62,429 |
| TOTAL ASSETS | 10,911,034 | 10,796,987 |
| LIABILITIES: | ||
| Secured debt, net (Notes 3 and 8) | 240,142 | 242,938 |
| Unsecured debt, net (Notes 3 and 8) | 4,172,833 | 4,020,058 |
| Accounts payable, accrued expenses and other liabilities | 377,733 | 392,360 |
| Ground lease liabilities | 124,678 | 124,994 |
| Accrued dividends and distributions (Note 13) | 64,438 | 64,285 |
| Deferred revenue and acquisition-related intangible liabilities, net | 185,429 | 195,959 |
| Rents received in advance and tenant security deposits | 78,187 | 81,432 |
| Total liabilities | 5,243,440 | 5,122,026 |
| COMMITMENTS AND CONTINGENCIES (Note 7) | ||
| Stockholders’ Equity: | ||
| Common stock, $.01 par value, 280,000,000 shares authorized, 117,177,908 and 116,878,031 shares issued and outstanding | 1,172 | 1,169 |
| Additional paid-in capital | 5,184,227 | 5,170,760 |
| Retained earnings | 248,695 | 265,118 |
| Total stockholders’ equity | 5,434,094 | 5,437,047 |
| Noncontrolling Interests (Notes 1 and 4): | ||
| Common units of the Operating Partnership | 53,358 | 53,524 |
| Noncontrolling interests in consolidated property partnerships | 180,142 | 184,390 |
| Total noncontrolling interests | 233,500 | 237,914 |
| Total equity | 5,667,594 | 5,674,961 |
| TOTAL LIABILITIES AND EQUITY (CAPITAL) | $ 10,911,034 | $ 10,796,987 |
Kilroy Realty Corporation (NYSE: KRC, the “companyÂâ€, “KRCÂâ€) 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 (“REITÂâ€) 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.