Kilroy Realty (NYSE:KRC) Posts Earnings Results, Misses Expectations By $0.28 EPS

Key Points

• Kilroy Realty reported EPS of ($0.16), missing analysts' estimate of $0.12 by $0.28; revenue was $270.05 million (above estimates) but down 0.3% year-over-year, and the company set FY2026 guidance at 3.490–3.630 EPS.
• The company paid a quarterly dividend of $0.54 (annualized $2.16), implying a 6.6% yield but with a high payout ratio of 93.51%, which could pressure future distributions.
• Institutional investors now own 94.22% of the shares with large buys from firms like Morgan Stanley, while analysts maintain a consensus "Hold" rating and a $38.38 price target.

Kilroy Realty (NYSE:KRC - Get Free Report) posted its quarterly earnings results on Monday. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.28), Zacks reports. Kilroy Realty had a net margin of 24.82% and a return on equity of 4.91%. The company had revenue of $270.05 million during the quarter, compared to analysts' expectations of $263.02 million. During the same quarter last year, the company earned $1.02 earnings per share. Kilroy Realty's revenue for the quarter was down .3% on a year-over-year basis. Kilroy Realty updated its FY 2026 guidance to 3.490-3.630 EPS.

Kilroy Realty Stock Performance

NYSE KRC opened at $32.73 on Tuesday. The stock has a fifty day simple moving average of $29.86 and a 200-day simple moving average of $35.79. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock has a market cap of $3.82 billion, a PE ratio of 14.17 and a beta of 1.08. Kilroy Realty has a twelve month low of $27.36 and a twelve month high of $45.03.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Kilroy Realty's dividend payout ratio is 93.51%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Morgan Stanley increased its position in shares of Kilroy Realty by 231.5% during the fourth quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust's stock valued at $98,805,000 after acquiring an additional 1,846,325 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Kilroy Realty in the 3rd quarter valued at approximately $58,948,000. Route One Investment Company L.P. acquired a new position in shares of Kilroy Realty in the 2nd quarter worth approximately $34,341,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kilroy Realty by 243,412.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 835,246 shares of the real estate investment trust's stock worth $31,213,000 after purchasing an additional 834,903 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Kilroy Realty during the 3rd quarter worth approximately $32,679,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Wall Street Analyst Weigh In

KRC has been the topic of a number of recent research reports. BMO Capital Markets restated a "market perform" rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Scotiabank lowered their price target on shares of Kilroy Realty from $42.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Kilroy Realty in a report on Monday, December 29th. Citigroup cut their price objective on shares of Kilroy Realty from $42.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 12th. Finally, Wells Fargo & Company raised shares of Kilroy Realty from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.38.

About Kilroy Realty

Kilroy Realty Corporation NYSE: KRC is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company's portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.