Grufity logoGrufity logo

Kilroy Realty Corp Stock Research

KRC

31.69USD-0.17(-0.53%)Delayedas of 31 Mar 2023, 12:16 pm

Market Summary

USD31.69-0.17
Delayedas of 31 Mar 2023, 12:16 pm
-0.53%

KRC Stock Price

KRC RSI Chart

KRC Valuation

Market Cap

3.7B

Price/Earnings (Trailing)

14.35

Price/Sales (Trailing)

3.39

Price/Free Cashflow

6.29

KRC Price/Sales (Trailing)

KRC Profitability

Return on Equity

4.77%

Return on Assets

2.4%

Free Cashflow Yield

15.9%

KRC Fundamentals

KRC Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

8.91%

Revenue Q/Q

3.04%

KRC Earnings

Earnings (TTM)

259.5M

Earnings Y/Y

7.89%

Earnings Q/Q

-31.37%

Price Action

52 Week Range

27.0377.40
(Low)(High)

Last 7 days

10.4%

Last 30 days

-11.5%

Last 90 days

-17.6%

Trailing 12 Months

-58.7%

KRC Financial Health

KRC Investor Care

Dividend Yield

6.65%

Dividend/Share (TTM)

2.12

Shares Dilution (1Y)

0.36%

Diluted EPS (TTM)

1.97

Peers (Alternatives to Kilroy Realty)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.6B
4.2B
-1.44% -22.08%
11.87
12.35
22.43% 122.66%
27.2B
4.7B
-9.28% -32.35%
72.05
5.8
5.96% -77.90%
22.1B
2.7B
-6.38% -34.89%
28.51
8.16
11.91% -41.71%
21.2B
2.6B
-17.23% -37.62%
40.58
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
26.61% -85.07%
MID-CAP
7.8B
1.1B
-10.62% -21.33%
20.14
7.23
12.95% 47.42%
4.4B
802.0M
-7.55% -9.74%
-348.31
5.49
114.83% 84.36%
2.9B
1.8B
-24.12% -65.61%
-8.31
1.6
13.26% -296.88%
2.2B
859.2M
-14.73% -33.89%
-33.2
2.55
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
-0.74% 11.36%
23.04
4.64
3.35% 1705.32%
1.5B
826.7M
-33.86% -70.35%
-18.88
1.78
-2.04% -117.36%
1.1B
190.3M
-2.00% -1.08%
11.69
5.66
12.08% 1950.56%
961.5M
740.4M
-15.75% -58.73%
-26.41
1.3
1.87% -78.85%

Financials for Kilroy Realty

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.2%1,0971,0741,030985955
Operating Expenses2.9%772750727693672
  S&GA Expenses2.1%94.0092.0091.0094.0093.00
Interest Expenses6.1%84.0079.0076.0077.0079.00
Net Income1.7%259255222211659
Net Income Margin-0.5%0.24*0.24*0.22*0.21*-
Free Cahsflow-0.1%592593579551-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.7%10,79710,62010,51510,56510,583
    Cash Equivalents39.0%347250210332414
Liabilities3.7%5,1224,9404,8634,8994,894
Shareholder's Equity0.0%5,4375,4395,6535,6665,440
  Retained Earnings-4.0%265276260274284
  Additional Paid-In Capital0.2%5,1715,1625,1525,1505,155
Shares Outstanding0.0%117117117117116
Minority Interest-1.0%238240240240250
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.1%592593579551516
  Share Based Compensation-2.1%28.0029.0030.0031.0034.00
Cashflow From Investing-6.9%-553-517-1,155-1,729-747
Cashflow From Financing31.7%-118-173-169-163-164
  Dividend Payments1.1%248245242240237
  Buy Backs-25.0%23.0031.0031.0029.0022.00

Risks for KRC

What is the probability of a big loss on KRC?

47.3%


Probability that Kilroy Realty stock will be more than 20% underwater in next one year

36.1%


Probability that Kilroy Realty stock will be more than 30% underwater in next one year.

29.2%


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

Returns for KRC

Cumulative Returns on KRC

-2.3%


10-Year Cumulative Returns

-6.4%


7-Year Cumulative Returns

-12.6%


5-Year Cumulative Returns

-18.6%


3-Year Cumulative Returns

What are the long-term rolling returns for KRC?

FIve years rolling returns for Kilroy Realty.

Annualized Returns

Which funds bought or sold KRC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
added
4,357
1,180,000
1,210,000
0.82%
2023-03-23
MetLife Investment Management, LLC
reduced
-1.95
-284,235
2,569,850
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-
-2,128,180
23,917,800
0.03%
2023-03-06
Rockefeller Capital Management L.P.
sold off
-100
-6,000
-
-%
2023-02-28
Voya Investment Management LLC
added
66.88
5,157,290
14,843,300
0.02%
2023-02-24
NATIXIS
new
-
2,126,850
2,126,850
0.01%
2023-02-22
CVA Family Office, LLC
new
-
2,127
2,127
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-55,000
623,000
0.01%
2023-02-21
CENTERSQUARE INVESTMENT MANAGEMENT LLC
reduced
-6.88
-22,143,300
130,669,000
1.52%
2023-02-21
MACQUARIE GROUP LTD
reduced
-16.53
-1,219,640
3,560,360
-%

1–10 of 50

Latest Funds Activity

Are funds buying KRC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own KRC
No. of Funds

Kilroy Realty News

Nasdaq

CIM Commercial Trust (CMCT) Q4 FFO and Revenues Surpass ....

Nasdaq,
2 hours ago

The Business Journals

Stock Traders Daily

InvestorsObserver

Schedule 13G FIlings of Kilroy Realty

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

KRC Fair Value

Recent SEC filings of Kilroy Realty

View All Filings
Date Filed Form Type Document
Mar 30, 2023
8-K
Current Report
Mar 09, 2023
8-K
Current Report
Feb 22, 2023
4
Insider Trading
Feb 15, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
10-K
Annual Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 08, 2023
4
Insider Trading
Feb 08, 2023
4
Insider Trading
Feb 08, 2023
4
Insider Trading
John B. Kilroy
240
Kilroy 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.

KRC Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenue, Product and Service [Extensible List]Service [Member]Service [Member]  
REVENUES    
Rental income (Note 9)$ 272,546$ 230,720$ 804,330$ 689,849
Other property income3,4121,6068,3134,106
Total revenues275,958232,326812,643693,955
EXPENSES    
Property expenses52,07540,842147,421120,183
Real estate taxes27,41524,15378,71871,528
Ground leases1,7711,7085,4735,559
General and administrative expenses (Note 8)23,52422,99068,42569,482
Leasing costs1,0157983,4752,373
Depreciation and amortization81,14073,213266,215222,734
Total expenses186,940163,704569,727491,859
OTHER INCOME (EXPENSES)    
Interest and other income, net2959765013,686
Interest expense (Note 4)(19,982)(16,105)(60,728)(59,829)
Gain on sale of depreciable operating property (Note 3)17,329017,329457,831
Total other (expenses) income(2,358)(15,129)(42,898)401,688
NET INCOME86,66053,493200,018603,784
Net income attributable to noncontrolling common units of the Operating Partnership(664)(460)(1,695)(5,700)
Net income attributable to noncontrolling interests in consolidated property partnerships(6,239)(6,005)(18,333)(17,586)
Total income attributable to noncontrolling interests(6,903)(6,465)(20,028)(23,286)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS)$ 79,757$ 47,028$ 179,990$ 580,498
Net income available to common stockholders per share – basic (in dollars per share)$ 0.68$ 0.40$ 1.53$ 4.98
Net income available to common stockholders per share – diluted (in dollars per share)$ 0.68$ 0.40$ 1.53$ 4.96
Weighted average common shares outstanding – basic (in shares)116,872,953116,456,796116,782,621116,418,113
Weighted average common shares outstanding – diluted (in shares)117,242,411116,962,680117,163,149116,894,434

KRC Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
REAL ESTATE ASSETS (Notes 2 and 3):  
Land and improvements$ 1,743,194$ 1,731,982
Buildings and improvements7,693,2477,543,585
Undeveloped land and construction in progress2,183,0712,017,126
Total real estate assets held for investment11,619,51211,292,693
Accumulated depreciation and amortization(2,150,060)(2,003,656)
Total real estate assets held for investment, net9,469,4529,289,037
CASH AND CASH EQUIVALENTS249,981414,077
RESTRICTED CASH13,00913,006
MARKETABLE SECURITIES (Note 11)22,39027,475
CURRENT RECEIVABLES, NET15,88514,386
DEFERRED RENT RECEIVABLES, NET442,987405,665
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET214,484234,458
RIGHT OF USE GROUND LEASE ASSETS126,708127,302
PREPAID EXPENSES AND OTHER ASSETS, NET65,09657,991
TOTAL ASSETS10,619,99210,583,397
LIABILITIES:  
Secured debt, net (Notes 4 and 11)244,316248,367
Unsecured debt, net (Notes 4 and 11)3,823,5323,820,383
Accounts payable, accrued expenses and other liabilities424,087391,264
Ground lease liabilities125,065125,550
Accrued dividends and distributions (Note 16)64,27161,850
Deferred revenue and acquisition-related intangible liabilities, net176,105171,151
Rents received in advance and tenant security deposits82,83974,962
Total liabilities4,940,2154,893,527
COMMITMENTS AND CONTINGENCIES (Note 10)
Stockholders’ Equity  
Common stock, $.01 par value, 280,000,000 shares authorized, 116,877,453 and 116,464,169 shares issued and outstanding, respectively1,1691,165
Additional paid-in capital5,162,0885,155,232
Retained earnings276,138283,663
Total stockholders’ equity5,439,3955,440,060
Noncontrolling Interests  
Common units of the Operating Partnership53,47553,746
Noncontrolling interests in consolidated property partnerships186,907196,064
Total noncontrolling interests240,382249,810
Total equity5,679,7775,689,870
TOTAL LIABILITIES AND EQUITY (CAPITAL)$ 10,619,992$ 10,583,397