Jun 30, 2020

Kilroy Realty Q2 2020 Earnings Report

Kilroy Realty's performance reflected a resilient portfolio amidst the COVID-19 pandemic.

Key Takeaways

Kilroy Realty reported revenues of $219.4 million and a net income available to common stockholders of $19.6 million, or $0.17 per diluted share, for the second quarter of 2020. The company's stabilized portfolio was 92.3% occupied and 96.0% leased at quarter-end. They collected 95% of contractual second quarter rent billings across all property types.

Stabilized portfolio was 92.3% occupied and 96.0% leased at quarter-end

GAAP rents increased approximately 30.0% from prior levels on leases executed

Collected 95% of contractual second quarter rent billings across all property types

Commenced GAAP revenue recognition on the first phase of 333 Dexter

Total Revenue
$219M
Previous year: $200M
+9.4%
EPS
$0.78
Previous year: $0.95
-17.9%
Occupancy
92.3%
Leased
96%
Gross Profit
$156M
Previous year: $139M
+12.1%
Cash and Equivalents
$605M
Previous year: $52.4M
+1054.3%
Total Assets
$9.66B
Previous year: $8.09B
+19.3%

Kilroy Realty

Kilroy Realty

Kilroy Realty Revenue by Geographic Location

Forward Guidance

No specific forward guidance was provided in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income