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Kilroy Realty
🇺🇸 NYSE:KRC
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OverviewEarningsDividends
•
Mar 31, 2024

Kilroy Realty Q1 2024 Earnings Report

Kilroy Realty reported financial results, with revenues of $278.6 million and net income available to common stockholders of $0.42 per diluted share.

Key Takeaways

Kilroy Realty Corporation reported first quarter financial results with revenues of $278.6 million and net income available to common stockholders of $0.42 per diluted share. The stabilized portfolio was 84.2% occupied and 85.7% leased. The company completed a public offering of $400.0 million of 12-year unsecured senior notes.

Revenues reached $278.6 million.

Net income available to common stockholders was $0.42 per diluted share.

FFO was $133.7 million, or $1.11 per diluted share.

Stabilized portfolio was 84.2% occupied and 85.7% leased.

Total Revenue
$279M
Previous year: $290M
-4.0%
EPS
$1.11
Previous year: $1.22
-9.0%
Average Residential Occupancy
93.1%
Previous year: 93.4%
-0.3%
Occupancy
84.2%
Previous year: 89.6%
-6.0%
Leased
85.7%
Previous year: 91.6%
-6.4%
Gross Profit
$99.2M
Previous year: $207M
-52.1%
Cash and Equivalents
$965M
Previous year: $476M
+102.5%
Total Assets
$11.6B
Previous year: $11B
+5.7%

Kilroy Realty

Kilroy Realty

Kilroy Realty Revenue by Geographic Location

Forward Guidance

The Company is providing an updated Nareit-defined FFO per diluted share guidance for the full year 2024 of $4.15 to $4.30 per share, with a midpoint of $4.23 per share.

Positive Outlook

  • FFO per diluted share guidance for the full year 2024 of $4.15 to $4.30 per share

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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