Education
About Us
Working with TipRanks
Follow Us
Kilroy Realty (KRC)
NYSE:KRC
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.33Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly constructive operational and strategic story: record leasing velocity, a >65% expansion in the forward leasing pipeline, high-profile KOP 2 leasing (including a 280k sq ft UCSF anchor), disciplined capital recycling (~$755M of sales/commitments) and targeted acquisitions (Nautilus, Maple Plaza) that strengthen the life-science and high-barrier market exposure. Offsetting headwinds include a negative Q4 cash same-property NOI (-7.2%), elevated development-related earnings drag (KOP 2 and Flower Mart operating expenses and capitalized interest), a 2026 occupancy dip driven by portfolio timing (guidance 76%–78%), and additional near-term leasing/stabilization risk at certain acquisitions (e.g., Nautilus). On balance, the operational momentum, strong pipeline, and disciplined capital deployment provide a path to offset near-term development and timing-related earnings pressure, leading to a net positive view of the company’s trajectory.Company Guidance
Record Leasing Velocity
Q4 leasing totaled ~827,000 sq ft ( strongest Q4 in six years ) and full-year leasing was ~2.1 million sq ft, a significant year-over-year increase. The forward leasing pipeline grew by >65% over the last year, providing material visibility into future rent commencements.
Kilroy Oyster Point (KOP 2) Leasing Momentum
KOP 2 leasing during the quarter totaled ~316,000 sq ft, including a 280,000 sq ft full-building lease with UCSF. The lease rate at KOP 2 rose to 44% and occupancy commencement has begun in spec suites, supporting campus activation and longer-term demand for future phases.
Strategic Capital Recycling and Strong Disposition Activity
Closed or entered contracts on roughly $755 million of sales in 2025/Jan 2026 (≈ $465M operating property sales + $125M operating sale closed in January + $165M land sales under contract). Notable transactions: Sunset Media Center sold for $61M, Kilroy Sabre Springs sold for $125M, remaining Santa Fe Summit 17 acres under contract for $86M. Commitments for land parcel dispositions under contract total $165M, exceeding the previously stated $159M goal.
Targeted Acquisitions to Enhance Life Science Platform
Acquired Nautilus, a four-building life science campus in Torrey Pines, for $192M (~$825/sf) to establish scale in a supply-constrained submarket. Nautilus is positioned to reach stabilized yields in the upper single-digits with additional spec-suite leasing (≈50k sq ft remaining to lease). Also added Maple Plaza (Beverly Hills), where leasing improved the lease rate by 230 basis points during the quarter.
Solid Balance Sheet / 2026 FFO Guidance
Reported Q4 FFO of $0.97 per diluted share. Provided 2026 FFO guidance range of $3.25 to $3.45 per diluted share (midpoint $3.35), and reiterated disciplined capital allocation with a plan to complete ~ $300M–$325M of operating dispositions in 2026.
Sequential Occupancy Improvement
Portfolio occupancy ended the year at 81.6%, a 60 basis point sequential improvement, aided by accelerated rent commencement on recently leased space and the impact of recent capital recycling (~+30 bps net positive in the quarter).
Leasing Spread Context (Excluding Two L.A. Transactions)
Management noted that excluding two unique Los Angeles transactions (Riot Games renewal and the Fitler Club backfill), GAAP rents on leases signed would have increased 16.2% and cash rents would have decreased only 2.6%—a favorable spread profile compared with recent quarters.
KRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $34.54 | $33.25 | -3.73% |
Oct 27, 2025 | $41.25 | $41.97 | +1.75% |
Jul 28, 2025 | $36.15 | $37.83 | +4.67% |
May 05, 2025 | $30.99 | $29.95 | -3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kilroy Realty (KRC) report earnings?
Kilroy Realty (KRC) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Kilroy Realty (KRC) earnings time?
Kilroy Realty (KRC) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRC EPS forecast?
KRC EPS forecast for the fiscal quarter 2026 (Q1) is 0.13.