Kilroy Realty ( (KRC) ) has released its Q2 earnings. Here is a breakdown of the information Kilroy Realty presented to its investors.
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Kilroy Realty Corporation is a prominent real estate investment trust (REIT) specializing in the development, acquisition, and management of office, life science, and mixed-use properties across major U.S. cities, with a strong commitment to sustainability and innovation in the real estate sector.
In its second-quarter financial results for 2025, Kilroy Realty reported a robust performance, highlighted by increased leasing activity and strategic capital recycling initiatives. The company executed over 400,000 square feet of leases and made significant progress in monetizing land for future development and disposing of non-strategic properties.
Financially, Kilroy Realty posted revenues of $289.9 million, a rise from $280.7 million in the same quarter of 2024. Net income available to common stockholders increased to $68.4 million, or $0.57 per diluted share, compared to $49.2 million, or $0.41 per diluted share, a year earlier. Funds from operations (FFO) also saw an uptick, reaching $135.9 million, or $1.13 per diluted share, up from $132.6 million, or $1.10 per diluted share, in the previous year. The company’s stabilized portfolio was 80.8% occupied and 83.5% leased as of June 30, 2025.
Kilroy Realty’s strategic moves included the sale of properties and land, such as the 501 Santa Monica Boulevard property for $40 million and a portion of land at Santa Fe Summit for $38 million, with further sales expected in the coming quarters. The company also declared a regular quarterly cash dividend of $0.54 per share.
Looking ahead, Kilroy Realty has updated its full-year 2025 FFO guidance to a range of $4.05 to $4.15 per diluted share, reflecting management’s positive outlook on leasing momentum and capital recycling efforts. The company remains focused on enhancing its portfolio and maintaining its leadership in sustainability and innovation within the real estate industry.