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Kilroy Realty Corp Stock Research

KRC

35.47USD+0.34(+0.97%)Market Closed
Watchlist

Market Summary

USD35.47+0.34
Market Closed
0.97%

KRC Stock Price

KRC RSI Chart

KRC Valuation

Market Cap

4.2B

Price/Earnings (Trailing)

15.24

Price/Sales (Trailing)

3.65

Price/Free Cashflow

6.96

KRC Price/Sales (Trailing)

KRC Profitability

Return on Equity

4.88%

Return on Assets

2.42%

Free Cashflow Yield

14.36%

KRC Fundamentals

KRC Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

4.83%

Revenue Q/Q

-2.91%

KRC Earnings

Earnings (TTM)

272.6M

Earnings Y/Y

13.52%

Earnings Q/Q

-6.06%

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

Dividend Yield

6.09%

Dividend/Share (TTM)

2.16

Shares Dilution (1Y)

0.30%

Diluted EPS (TTM)

2.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Which funds bought or sold KRC recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 47

Latest Funds Activity

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

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

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.3B
5.1B
4.66% 16.87%
89.57
7.47
13.73% -68.04%
23.7B
2.0B
-2.80% -13.36%
28.39
11.73
-22.97% -33.54%
20.0B
2.7B
-2.88% -24.35%
26.64
7.46
15.16% 88.51%
11.4B
1.8B
-3.14% -11.36%
28.27
6.5
6.75% -42.80%
MID-CAP
8.0B
1.1B
-0.05% -2.78%
20.52
7.18
8.31% 38.10%
4.9B
820.5M
2.36% 18.76%
174.46
5.97
29.95% 125.56%
4.8B
1.8B
19.34% -3.76%
-12.91
2.63
5.60% -286.96%
2.6B
866.2M
3.18% 34.92%
-29.3
2.95
0.51% -335.26%
SMALL-CAP
2.7B
882.0M
26.91% -3.95%
-6.14
3.08
11.76% -239.94%
2.4B
426.3M
-1.74% 52.60%
25.73
5.71
1.38% 137.97%
1.1B
732.3M
10.97% -25.39%
-13.31
1.55
-0.03% -4012.90%
1.0B
339.3M
-9.99% -19.55%
-5.79
3.02
88.48% -168.70%

Kilroy Realty News

InvestorsObserver
Is Kilroy Realty Corp (KRC) Stock a Smart Value?.
InvestorsObserver,
9 hours ago
Kiplinger's Personal Finance
Real Estate Investing Is Down But Not Out.
Kiplinger's Personal Finance,
17 days ago
StreetInsider.com
Form N-PX DELAWARE INVESTMENTS For: Jun 30.
StreetInsider.com,
20 days ago
The Business Journals

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.2%1,1371,1241,0971,0741,030985955923919913898889877858837808779766747734729
Operating Expenses0.4%793790772750727693672654647666659656656623615608589583561536528
  S&GA Expenses0.6%95.0095.0094.0092.0091.0094.0093.0093.0088.0010299.0099.0010384.0088.0010096.0098.0090.0073.0069.00
Interest Expenses7.0%96.0089.0084.0079.0076.0077.0079.0081.0084.0079.0071.0064.0056.0052.0049.0047.0046.0047.0050.0052.0057.00
Net Income2.8%273265259255222211659687688669207202196219215298284264258127163
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%-596592593579551516499448477456449445410387------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.5%10,91110,96910,79710,62010,51510,56510,58310,47210,43510,38410,0019,9859,6599,7358,9008,6248,0957,8847,7667,5627,385
    Cash Equivalents-24.0%36247634725021033241434851965873284960576260.0029852.0050.0052.0087.0051.00
Liabilities-1.0%5,2435,2975,1224,9404,8634,8994,8944,7814,7414,6814,7234,7334,4054,4584,3294,0843,9083,7013,5643,4873,321
Shareholder's Equity-4.2%5,4345,6725,4375,4395,6535,6665,6905,6915,6935,7035,2775,2525,2545,2784,5714,5404,1874,1834,2014,0754,064
  Retained Earnings-3.3%249257265276260274284297311334-103-122-113-76.18-58.47-78.71-70.34-62.69-48.05-161-149
  Additional Paid-In Capital0.2%5,1845,1755,1715,1625,1525,1505,1555,1465,1345,1235,1325,0905,0845,0674,3514,3423,9853,9763,9773,9653,951
Shares Outstanding0.0%117117117117117117116116116116116115115107106105101101101101100
Minority Interest-2.2%234239238240240240250246247245247284281285277275271269271270261
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations0.2%597596592593579551516499448477456449445410387394387416410388357
  Share Based Compensation-0.7%33.0033.0028.0029.0030.0031.0034.0032.0029.0031.0030.0031.0031.0027.0027.0029.0030.0032.0028.0024.0022.00
Cashflow From Investing1.0%-499-505-553-517-1,155-1,729-747-703-72.48482-542-976-1,185-1,226-1,228-730-561-774-808-983-807
Cashflow From Financing1.8%42.0041.00-118-173-169-163-164-299-27.10-50.198331,0891,3031,539747554183362503438105
  Dividend Payments1.0%253250248245242240237235233231225218212202196191187183179175171
  Buy Backs-42.3%13.0023.0023.0031.0031.0029.0022.0043.00-34.0014.0019.0016.0016.00-19.0021.0030.00-33.00-

KRC Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended6 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 income2,9732,6085,6714,901
Total revenues284,282271,184577,084536,685
EXPENSES    
Property expenses55,00849,922108,78895,346
Real estate taxes28,27725,43356,50551,303
Ground leases2,4131,8764,7823,702
General and administrative expenses (Note 5)22,65922,12046,59544,901
Leasing costs1,3261,4472,6982,460
Depreciation and amortization90,36296,415184,038185,075
Total expenses200,045197,213403,406382,787
OTHER INCOME (EXPENSES)    
Interest and other income, net3,4211254,881206
Interest expense (Note 3)(26,383)(20,121)(52,054)(40,746)
Total other expenses(22,962)(19,996)(47,173)(40,540)
NET INCOME61,27553,975126,505113,358
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)117,154,946116,822,234117,107,402116,736,706
Weighted average common shares outstanding – diluted (in shares)117,359,517117,184,938117,382,783117,122,861

KRC Balance Sheet

2023-06-30
CONSOLIDATED 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 improvements8,353,5968,302,081
Undeveloped land and construction in progress1,894,5451,691,860
Total real estate assets held for investment11,986,38311,732,183
Accumulated depreciation and amortization(2,369,515)(2,218,710)
Total real estate assets held for investment, net9,616,8689,513,473
CASH AND CASH EQUIVALENTS361,885347,379
MARKETABLE SECURITIES (Note 8)25,78623,547
CURRENT RECEIVABLES, NET10,68620,583
DEFERRED RENT RECEIVABLES, NET463,640452,200
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET230,559250,846
RIGHT OF USE GROUND LEASE ASSETS126,022126,530
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 2)75,58862,429
TOTAL ASSETS10,911,03410,796,987
LIABILITIES:  
Secured debt, net (Notes 3 and 8)240,142242,938
Unsecured debt, net (Notes 3 and 8)4,172,8334,020,058
Accounts payable, accrued expenses and other liabilities377,733392,360
Ground lease liabilities124,678124,994
Accrued dividends and distributions (Note 13)64,43864,285
Deferred revenue and acquisition-related intangible liabilities, net185,429195,959
Rents received in advance and tenant security deposits78,18781,432
Total liabilities5,243,4405,122,026
COMMITMENTS AND CONTINGENCIES (Note 7)
Stockholders’ Equity:  
Common stock, $.01 par value, 280,000,000 shares authorized, 117,177,908 and 116,878,031 shares issued and outstanding1,1721,169
Additional paid-in capital5,184,2275,170,760
Retained earnings248,695265,118
Total stockholders’ equity5,434,0945,437,047
Noncontrolling Interests (Notes 1 and 4):  
Common units of the Operating Partnership53,35853,524
Noncontrolling interests in consolidated property partnerships180,142184,390
Total noncontrolling interests233,500237,914
Total equity5,667,5945,674,961
TOTAL LIABILITIES AND EQUITY (CAPITAL)$ 10,911,034$ 10,796,987
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.