KILROY REALTY CORP KRC

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Kilroy Realty Corporation (the "Company") is a self-administered real estate investment trust ("REIT") active in premier office, life science, and mixed-use property types in the United States. Our approach to modern business environments is designed to drive creativity and productivity for some of the world's leading technology, media, life science, and business services companies and we have been consistently recognized for our leadership in sustainability and building operations. We own, develop, acquire, and manage real estate assets, consisting primarily of premier office and life science properties in the San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin, which are markets we believe have strategic advantages and strong barriers to entry. The Company qualifies as a REIT under the Internal Revenue Code of 1986, as amended (the "Code").

Last close 37.27 2026-10-23
Market cap $4.33B 2026-03-31 share count
52-week range 27.36 - 43.58

Valuation FY2025 figures against the last close

P/S227.1x
P/E16.1x
P/FCF9.6x
EV/EBITDA—
Dividend yield6.0%
Diluted EPS2.32

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $19.1M$17.5M$12.0M$11.0M$6.0M$6.1M$11.0M$9.7M$719.0M$642.6M
SG&A $73.1M$71.1M$94.3M$93.6M$92.7M$99.3M$88.1M$90.5M$60.6M$57.0M
Total operating expenses $801.7M$800.1M$800.6M$772.3M$672.4M$659.3M$615.1M$561.2M$512.5M$448.7M
Interest expense $126.3M$145.3M$114.2M$84.3M$78.6M$70.8M$48.5M$49.7M$66.0M$55.8M
Pre-tax income —$233$238$259$659$207.3M$215.2M$277.9M$164.6M$293.8M
Income tax —$0$0$0$0$0$0$0$0$0
Net income $303$233$238$259$659$207.3M$215.2M$277.9M$164.6M$293.8M
EPS, basic 2.331.781.801.985.381.631.872.561.523.00
EPS, diluted 2.321.771.801.975.361.631.862.551.512.97
Shares, diluted (wtd. avg.) 118.8M118.2M117.5M117.2M116.9M113.7M103.8M100.5M98.7M93.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $179.3M$165.7M$510.2M$347.4M$414.1M$732.0M$60.0M$51.6M$57.6M$193.4M
Receivables $12.8M$11.0M$13.6M$20.6M$14.4M$12.0M$26.5M$20.2M——
Total assets $10.92B$10.90B$11.40B$10.80B$10.58B$10.00B$8.90B$7.77B——
Total liabilities $5.28B$5.29B$5.74B$5.12B$4.89B$4.72B$4.33B$3.56B——
Retained earnings $188.9M$171.2M$221.1M$265.1M$283.7M-$103.1M-$58.5M-$48.1M——
Total equity $5.42B$5.38B$5.66B$5.67B$5.69B$5.28B$4.57B$4.20B$3.96B$3.76B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $566.3M$541.1M$602.6M$592.2M$516.4M$455.6M$386.5M$410.0M$347.0M$345.1M
Depreciation and amortisation $349.3M$349.8M$348.1M$350.7M$303.8M$290.4M$268.0M$249.9M$241.9M$213.2M
Stock-based compensation $19.1M$17.7M$36.9M$28.3M$33.8M$30.2M$27.0M$27.9M$19.0M$21.1M
Capital expenditure $116.0M$100.3M$97.4M$92.8M$120.6M$129.5M$147.7M$166.4M$88.4M$112.0M
Investing cash flow -$240.0M-$225.0M-$800.4M-$553.2M-$747.9M-$542.1M-$1.23B-$808.9M-$359.1M-$579.4M
Financing cash flow -$312.7M-$660.6M$360.6M-$118.7M-$164.6M$833.3M$747.1M$503.1M-$171.2M$427.3M
Dividends paid $257.9M$256.3M$255.4M$247.6M$237.4M$224.6M$196.3M$179.4M$340.7M$137.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-149727.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 642.6M Net income, FY2016: 293.8M Revenue, FY2017: 719M Net income, FY2017: 164.6M Revenue, FY2018: 9.7M Net income, FY2018: 277.9M Revenue, FY2019: 11M Net income, FY2019: 215.2M Revenue, FY2020: 6.1M Net income, FY2020: 207.3M Revenue, FY2021: 6M Net income, FY2021: 658.91 Revenue, FY2022: 11M Net income, FY2022: 259.49 Revenue, FY2023: 12M Net income, FY2023: 238.29 Revenue, FY2024: 17.5M Net income, FY2024: 232.95 Revenue, FY2025: 19.1M Net income, FY2025: 302.64 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $642.6M $719.0M $9.7M $11.0M $6.1M $6.0M $11.0M $12.0M $17.5M $19.1M
Gross profit — — — — — — — — — —
Net income $293.8M $164.6M $277.9M $215.2M $207.3M $659 $259 $238 $233 $303

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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