Jefferies downgraded Kilroy Realty (KRC) to Hold from Buy with a price target of $41, down from $45, as part of a 2025 office real estate investment trust outlook. The firm sees downside to Kilroy’s longer term occupancy estimates, particularly given a higher year for lease roll in 2026. In addition, Keefe pushed out stabilization dates for Kilroy’s lab redevelopments, which lowered its estimates below the Street.
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