BTIG analyst Tom Catherwood has maintained their neutral stance on KRC stock, giving a Hold rating on October 22.
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Tom Catherwood has given his Hold rating due to a combination of factors impacting Kilroy Realty. The company reported a strong third-quarter performance, exceeding expectations with its funds from operations per share and raising its guidance for 2025. This positive outcome was mainly driven by lower expenses and successful capital recycling efforts, including strategic property trades. However, despite these achievements, there are concerns about elevated costs associated with first-generation leasing, which were significantly higher than earlier in the year.
Additionally, while Kilroy Realty has made progress in reducing its exposure to upcoming lease expirations and has seen some improvement in occupancy rates, challenges remain. The overall occupancy and leasing rates have declined compared to previous years, and the company’s leasing costs have increased. These mixed signals, combined with uncertainties in the commercial real estate market, have led to a cautious approach, resulting in the Hold rating.
Catherwood covers the Real Estate sector, focusing on stocks such as Hudson Pacific Properties, Kkr Real Estate Finance, and Paramount Group. According to TipRanks, Catherwood has an average return of -2.2% and a 41.98% success rate on recommended stocks.
In another report released on October 22, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $44.00 price target.