Jun 30, 2024

Kilroy Realty Q2 2024 Earnings Report

Kilroy Realty reported financial results for the second quarter ended June 30, 2024.

Key Takeaways

Kilroy Realty Corporation reported Q2 2024 financial results, with revenues of $280.7 million and net income available to common stockholders of $0.41 per diluted share. The stabilized portfolio was 83.7% occupied and 85.4% leased as of June 30, 2024.

Revenues reached $280.7 million.

Net income available to common stockholders was $0.41 per diluted share.

Funds from operations (FFO) amounted to $132.6 million, or $1.10 per diluted share.

The stabilized portfolio was 83.7% occupied and 85.4% leased at the end of the quarter.

Total Revenue
$281M
Previous year: $281M
-0.2%
EPS
$1.1
Previous year: $1.19
-7.6%
Average Residential Occupancy
92.8%
Previous year: 92.7%
+0.1%
Occupancy
83.7%
Previous year: 86.6%
-3.3%
Leased
85.4%
Previous year: 88.6%
-3.6%
Gross Profit
$100M
Previous year: $197M
-49.1%
Cash and Equivalents
$836M
Previous year: $362M
+131.0%
Total Assets
$11.5B
Previous year: $10.9B
+5.8%

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 $4.21 to $4.31 per share, with a midpoint of $4.26 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income