RBC Capital lowered the firm’s price target on Kilroy Realty (KRC) to $39 from $44 and keeps a Sector Perform rating on the shares after the company Q4 results and below-consensus FY25 guidance. The firm is encouraged by the uptick in the REIT’s leasing volume in Q4 and its positive commentary on the improving trends, but the company is still navigating an uncertain market, and its KOP2 project faces high-quality competition, the analyst tells investors in a research note. Therefore, the earnings trend will remain volatile given known move-outs, heavy lease roll in 2026, and developments/land rolling off capitalization, RBC added.
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Read More on KRC:
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