Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle. It owns its interests in all of its real estate assets through Kilroy Realty, L.P. (Operating Partnership) and the Kilroy Realty Finance Partnership, L.P. (Finance Partnership). Its stabilized portfolio includes all of its properties with the exception of development and redevelopment properties under construction or committed for construction, lease-up properties, real estate assets held for sale and undeveloped land. As of December 31, 2016, its stabilized portfolio of operating properties included 108 stabilized office properties and a stabilized residential property.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Office
- Sub-Industry: Office REITs
- Symbol: NYSE:KRC
- CUSIP: 49427F10
- Web: www.kilroyrealty.com
- Market Cap: $7.11 billion
- Outstanding Shares: 97,388,000
- 50 Day Moving Avg: $72.52
- 200 Day Moving Avg: $73.29
- 52 Week Range: $61.49 - $78.33
Sales & Book Value:
- Trailing P/E Ratio: 52.50
- Foreward P/E Ratio: 48.01
- P/E Growth: 6.98
- Annual Revenue: $671.43 million
- Price / Sales: 10.58
- Book Value: $37.61 per share
- Price / Book: 1.94
- Annual Dividend: $1.50
- Dividend Yield: 2.1%
- EBIDTA: $387.47 million
- Net Margins: 45.72%
- Return on Equity: 8.72%
- Return on Assets: 4.60%
- Debt-to-Equity Ratio: 0.65%
- Current Ratio: 2.38%
- Quick Ratio: 2.10%
- Average Volume: 490,661 shs.
- Beta: 0.77
- Short Ratio: 5.28
Frequently Asked Questions for Kilroy Realty Corp (NYSE:KRC)
What is Kilroy Realty Corp's stock symbol?
Kilroy Realty Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "KRC."
How often does Kilroy Realty Corp pay dividends? What is the dividend yield for Kilroy Realty Corp?
Kilroy Realty Corp announced a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Friday, June 30th will be given a dividend of $0.425 per share on Wednesday, July 12th. This represents a $1.70 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 28th. This is an increase from Kilroy Realty Corp's previous quarterly dividend of $0.38. View Kilroy Realty Corp's Dividend History.
How were Kilroy Realty Corp's earnings last quarter?
Kilroy Realty Corp (NYSE:KRC) released its quarterly earnings data on Wednesday, April, 26th. The company reported $0.26 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.85 by $0.59. The company earned $179.30 million during the quarter, compared to analyst estimates of $172.26 million. Kilroy Realty Corp had a return on equity of 8.72% and a net margin of 45.72%. Kilroy Realty Corp's quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. View Kilroy Realty Corp's Earnings History.
What guidance has Kilroy Realty Corp issued on next quarter's earnings?
Kilroy Realty Corp updated its FY17 earnings guidance on Wednesday, April, 26th. The company provided earnings per share guidance of $3.38-3.54 for the period, compared to the Thomson Reuters consensus estimate of $3.50.
Where is Kilroy Realty Corp's stock going? Where will Kilroy Realty Corp's stock price be in 2017?
11 equities research analysts have issued 12 month price objectives for Kilroy Realty Corp's stock. Their predictions range from $76.00 to $82.00. On average, they expect Kilroy Realty Corp's stock price to reach $78.82 in the next year. View Analyst Ratings for Kilroy Realty Corp.
What are analysts saying about Kilroy Realty Corp stock?
Here are some recent quotes from research analysts about Kilroy Realty Corp stock:
- 1. According to Zacks Investment Research, "Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space. " (4/12/2017)
- 2. Evercore ISI analysts commented, "We are upgrading shares of KRC to In-Line (IL) from Underperform (UP) following the stock's recent decline and underperformance relative to office and the broader REIT sector, and with shares now showing more attractive upside to our PT versus early March when the stock was trading much closer to our $76 PT. Since a competitor conference in early March, where KRC confirmed that it had ended lease negotiations with a prospective large single-user in the life sciences sector for Exchange, shares have declined -6% (-70bp versus office and -420bp versus the RMZ). This decline represents over ~$430mn of equity value loss versus a development project with all-in costs of $485mn that is slated to be completed later this year at an eventual 7.5% to 8% stabilized yield, which implies that the market has essentially 'written off' the entire book value of the asset. We are believers in KRC's dual-track approach of building a pipeline of tech and life sciences tenants for Exchange behind a complex, long-term negotiation with an institutional tenant that also included a minority equity sale and long-term purchase option. In our view, it is likely that we see some leasing announced over the next 6 months which would reduce/remove an overhang on the stock and also free up other projects such as 333 Dexter in Seattle. We also believe that KRC deserves credit for its track record of value creation irrespective of the recent experience at Exchange, particularly at the Flower Mart project which we believe could be monetized for ~$200 per buildable foot today and add ~$2/sh of upside to our NAV estimates (although today we only value the land at book value). Finally, we completed a full rebuild of our earnings projection and NAV models which we are publishing along with this upgrade. We detail our FFO and NAV changes below although they do not change materially, and our unchanged $76 PT implies +9.5% upside from current levels including the +2.4% dividend yield." (3/28/2017)
Who are some of Kilroy Realty Corp's key competitors?
Some companies that are related to Kilroy Realty Corp include Alexandria Real Estate Equities (ARE), Liberty Property Trust (LPT), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Biomed Realty Trust (BMR), Gramercy Property Trust (GPT), DuPont Fabros Technology (DFT), Equity Commonwealth (EQC), CoreSite Realty Corp (COR), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Mack Cali Realty Corp (CLI), Brookfield Canada Office Properties (BOXC), Select Income REIT (SIR), Government Properties Income Trust (GOV) and New York REIT (NYRT).
Who are Kilroy Realty Corp's key executives?
Kilroy Realty Corp's management team includes the folowing people:
- John B. Kilroy Jr., Chairman of the Board, President, Chief Executive Officer
- Tyler H. Rose, Chief Financial Officer, Executive Vice President, Secretary
- Jeffrey C. Hawken, Chief Operating Officer, Executive Vice President
- Justin Smart, Executive Vice President - Development and Construction Services
- Edward F. Brennan Ph.D., Lead Independent Director
- Jolie A. Hunt, Independent Director
- Scott S. Ingraham, Independent Director
- Gary Stevenson, Independent Director
- Peter B. Stoneberg, Independent Director
Who owns Kilroy Realty Corp stock?
Kilroy Realty Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.03%), BlackRock Inc. (11.96%), Daiwa Securities Group Inc. (4.71%), State Street Corp (4.37%), Principal Financial Group Inc. (3.63%) and Brookfield Asset Management Inc. (2.48%). View Institutional Ownership Trends for Kilroy Realty Corp.
Who sold Kilroy Realty Corp stock? Who is selling Kilroy Realty Corp stock?
Kilroy Realty Corp's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Boston Partners, Duff & Phelps Investment Management Co., Hancock Holding Co., Weiss Multi Strategy Advisers LLC, OppenheimerFunds Inc. and Daiwa Securities Group Inc.. View Insider Buying and Selling for Kilroy Realty Corp.
Who bought Kilroy Realty Corp stock? Who is buying Kilroy Realty Corp stock?
Kilroy Realty Corp's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Bank of Montreal Can, Vanguard Group Inc., Brookfield Asset Management Inc., State Street Corp, Teachers Advisors LLC and AEW Capital Management L P. View Insider Buying and Selling for Kilroy Realty Corp.
How do I buy Kilroy Realty Corp stock?
Shares of Kilroy Realty Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kilroy Realty Corp's stock price today?
MarketBeat Community Rating for Kilroy Realty Corp (NYSE KRC)MarketBeat's community ratings are surveys of what our community members think about Kilroy Realty Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Kilroy Realty Corp stock can currently be purchased for approximately $72.97.
Earnings History for Kilroy Realty Corp (NYSE:KRC)Earnings History by Quarter for Kilroy Realty Corp (NYSE KRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2017||Q1 2017||$0.85||$0.26||$172.26 million||$179.30 million||View||N/A|
|2/6/2017||Q4 2016||$0.86||$0.29||$163.31 million||$168.65 million||View||Listen|
|10/26/2016||Q3||$0.87||$0.92||$144.06 million||$168.30 million||View||Listen|
|7/25/2016||Q216||$0.85||$0.86||$140.64 million||$160.10 million||View||Listen|
|4/27/2016||Q1||$0.81||$0.82||$138.18 million||$145.40 million||View||Listen|
|2/1/2016||Q415||$0.79||$0.80||$136.16 million||$147.40 million||View||Listen|
|10/28/2015||Q315||$0.76||$0.77||$131.71 million||$141.60 million||View||Listen|
|7/29/2015||Q215||$0.76||$0.82||$133.61 million||$146.23 million||View||Listen|
|4/29/2015||Q115||$0.95||$1.01||$134.90 million||$146.08 million||View||Listen|
|1/28/2015||Q414||$0.72||$0.78||$124.22 million||$141.60 million||View||Listen|
|10/28/2014||Q314||$0.67||$0.69||$87.12 million||$129.02 million||View||Listen|
|7/28/2014||Q214||$0.70||$0.72||$117.10 million||$129.19 million||View||Listen|
|2/4/2014||Q413||$0.64||$0.67||$108.19 million||$120.60 million||View||Listen|
|10/29/2013||Q313||$0.63||$0.69||$113.99 million||$115.70 million||View||Listen|
|7/30/2013||$0.62||$0.69||$107.84 million||$124.48 million||View||Listen|
|5/1/2013||Q113||$0.62||$0.62||$109.87 million||$117.50 million||View||Listen|
|1/31/2013||Q412||$0.62||$0.63||$102.94 million||$111.10 million||View||Listen|
Earnings Estimates for Kilroy Realty Corp (NYSE:KRC)
2017 EPS Consensus Estimate: $3.58
2018 EPS Consensus Estimate: $3.82
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Kilroy Realty Corp (NYSE:KRC)
|Dividend Growth:||1.20% (3 Year Average)|
|Payout Ratio:||50.34% (Trailing 12 Months of Earnings) |
113.64% (Based on This Year's Estimates)
98.68% (Based on Next Year's Estimates)
Dividend History by Quarter for Kilroy Realty Corp (NYSE KRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Kilroy Realty Corp (NYSE:KRC)
Insider Ownership Percentage: 2.28%Insider Trades by Quarter for Kilroy Realty Corp (NYSE:KRC)
Institutional Ownership Percentage: 99.92%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/7/2016||Jeffrey C Hawken||COO||Sell||12,932||$75.39||$974,943.48|| |
|12/6/2016||Jeffrey C Hawken||COO||Sell||37,068||$75.15||$2,785,660.20|| |
|2/25/2015||John B Kilroy Jr||CEO||Sell||27,316||$74.99||$2,048,426.84|| |
|2/25/2015||Tyler H Rose||CFO||Sell||25,000||$75.19||$1,879,750.00|| |
|2/24/2015||John B Kilroy Jr||CEO||Sell||44,783||$75.34||$3,373,951.22|| |
|2/23/2015||John B Kilroy Jr||CEO||Sell||77,901||$76.54||$5,962,542.54|| |
Headline Trends for Kilroy Realty Corp (NYSE:KRC)
Latest Headlines for Kilroy Realty Corp (NYSE:KRC)
|Kilroy Realty Corp's (KRC) Hold Rating Reaffirmed at Deutsche Bank AG|
www.americanbankingnews.com - May 26 at 12:23 AM
|Kilroy Realty (KRC) Rewards Shareholders with Dividend Hike|
finance.yahoo.com - May 24 at 11:13 AM
|Kilroy Realty Corp (KRC) Announces Quarterly Dividend of $0.43|
www.americanbankingnews.com - May 23 at 6:22 PM
|Kilroy Realty Increases Common Dividend 13.3%|
finance.yahoo.com - May 23 at 5:48 PM
|Kilroy Realty Corp (KRC) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - May 23 at 4:16 PM
|KRC Makes Bullish Cross Above Critical Moving Average|
www.nasdaq.com - May 22 at 5:36 PM
|Kilroy Realty And Nautilus Solar Energy Announce A 5MW Commercial Solar Portfolio Development In California|
www.bizjournals.com - May 9 at 5:56 PM
| Analysts Expect Kilroy Realty Corp (KRC) Will Post Quarterly Sales of $173.4 Million|
www.americanbankingnews.com - May 6 at 9:26 AM
|Kilroy Realty Corp (KRC) Receives Daily News Sentiment Rating of 0.04|
www.americanbankingnews.com - May 4 at 8:18 PM
|Zacks: Brokerages Anticipate Kilroy Realty Corp (KRC) Will Announce Earnings of $0.88 Per Share|
www.americanbankingnews.com - May 4 at 11:22 AM
|Two of San Francisco's landlords weigh in on why Seattle outshines San Francisco|
www.bizjournals.com - May 3 at 5:19 PM
|Kilroy Realty Corp (KRC) Getting Somewhat Critical Press Coverage, Report Finds|
www.americanbankingnews.com - May 1 at 10:19 AM
|DA Davidson Weighs in on Kilroy Realty Corp's Q2 2017 Earnings (KRC)|
www.americanbankingnews.com - May 1 at 7:56 AM
|Edited Transcript of KRC earnings conference call or presentation 27-Apr-17 5:00pm GMT|
finance.yahoo.com - April 29 at 11:45 PM
|Kilroy Realty's (KRC) CEO John Kilroy on Q1 2017 Results - Earnings Call Transcript|
seekingalpha.com - April 28 at 7:09 PM
|Kilroy Realty Corp (KRC) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - April 28 at 6:43 PM
|Somewhat Positive Press Coverage Very Likely to Affect Kilroy Realty Corp (KRC) Stock Price|
www.americanbankingnews.com - April 27 at 4:32 PM
|Kilroy Realty Corp (KRC) Posts Earnings Results, Misses Expectations By $0.04 EPS|
www.americanbankingnews.com - April 27 at 1:12 AM
|Kilroy Realty Corp (KRC) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS|
www.americanbankingnews.com - April 27 at 12:24 AM
|Kilroy Realty Corp (KRC) Issues FY17 Earnings Guidance|
www.americanbankingnews.com - April 26 at 9:44 PM
|Kilroy Realty reports 1Q results|
marketbeat.com - April 26 at 7:10 PM
|EARNINGS SUMMARY: Details of Kilroy Realty Corporation Q1 Earnings Report|
www.rttnews.com - April 26 at 7:08 PM
|Kilroy Realty Corporation Reports First Quarter Financial Results|
finance.yahoo.com - April 26 at 7:08 PM
|Kilroy Realty Signs Leases on 890,000 Square Feet of Space in First Four Months of 2017|
finance.yahoo.com - April 26 at 7:08 PM
|Kilroy Realty Corp. breached its 50 day moving average in a Bearish Manner : KRC-US : April 25, 2017|
finance.yahoo.com - April 25 at 5:37 PM
|Kilroy Realty Corp (KRC) Getting Somewhat Negative News Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 24 at 1:38 PM
|Somewhat Positive Media Coverage Somewhat Likely to Impact Kilroy Realty Corp (KRC) Share Price|
www.americanbankingnews.com - April 22 at 12:38 AM
|Kilroy Realty Corp (KRC) Given News Sentiment Rating of 0.46|
www.americanbankingnews.com - April 18 at 12:00 PM
|Kilroy Realty Corp (KRC) Receives Daily Media Sentiment Score of 0.15|
www.americanbankingnews.com - April 15 at 5:14 PM
|$169.05 Million in Sales Expected for Kilroy Realty Corp (KRC) This Quarter|
www.americanbankingnews.com - April 15 at 9:15 AM
|Kilroy Realty Corp (KRC) Downgraded to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - April 14 at 2:04 PM
| Brokerages Anticipate Kilroy Realty Corp (KRC) to Announce $0.85 EPS|
www.americanbankingnews.com - April 13 at 11:25 AM
|Kilroy Realty Corp. breached its 50 day moving average in a Bullish Manner : KRC-US : April 12, 2017|
finance.yahoo.com - April 12 at 8:36 AM
|Kilroy Realty Corp. : KRC-US: Dividend Analysis : March 31st, 2017 (record date) : By the numbers : April 11, 2017|
finance.yahoo.com - April 11 at 5:57 PM
|Kilroy Realty Announces 2017 First Quarter Earnings Release and Conference Call|
finance.yahoo.com - April 10 at 5:50 PM
|Kilroy Realty Corporation Wins 2017 ENERGY STAR Partner of the Year - Sustained Excellence Award|
finance.yahoo.com - April 7 at 10:46 AM
|Kilroy Realty Corp (KRC) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - April 6 at 1:22 PM
|Kilroy Realty Corp (KRC) Stock Rating Reaffirmed by BMO Capital Markets|
www.americanbankingnews.com - April 5 at 12:34 PM
|Kilroy Realty Corp (KRC) Upgraded to In-Line by Evercore ISI|
www.americanbankingnews.com - March 28 at 9:20 AM
|November 17th Options Now Available For Kilroy Realty (KRC)|
www.nasdaq.com - March 21 at 6:09 PM
|Notable Two Hundred Day Moving Average Cross - KRC|
www.nasdaq.com - March 11 at 8:32 AM
|Kilroy Realty Corp (KRC) Earns Buy Rating from BMO Capital Markets|
www.americanbankingnews.com - March 8 at 7:51 AM
|Kilroy Realty Declares Quarterly Dividends|
finance.yahoo.com - February 28 at 6:21 PM
|Kilroy Realty Corporation to Redeem All Outstanding Shares of 6.875% Series G Cumulative Redeemable Preferred Stock|
finance.yahoo.com - February 28 at 6:21 PM
|KILROY REALTY CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits|
biz.yahoo.com - February 28 at 6:21 PM
|KILROY REALTY CORP Financials|
finance.yahoo.com - February 18 at 5:32 PM
|KILROY REALTY CORP Files SEC form 10-K, Annual Report|
biz.yahoo.com - February 16 at 5:52 PM
|Exclusive: Top Bay Area executive departs major office landlord Kilroy Realty|
www.bizjournals.com - February 16 at 5:52 PM
|KILROY REALTY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Finan|
us.rd.yahoo.com - February 8 at 11:59 PM
|Is Kilroy Realty about to land the biggest lease in San Francisco history?|
www.bizjournals.com - February 8 at 6:58 PM
Kilroy Realty Corp (KRC) Chart for Monday, May, 29, 2017