The earnings call reflects a positive outlook with strong leasing activity and strategic capital recycling efforts, particularly in high-demand markets like San Francisco and San Diego. However, challenges remain with occupancy declines and negative re-leasing spreads, as well as broader life science ecosystem hurdles.

Company Guidance -

Q3 2025

During the Kilroy Realty Corporation Second Quarter 2025 Earnings Conference Call, the company provided updated guidance for the year 2025, raising its FFO outlook to a range of $4.05 to $4.15 per share, marking a $0.15 increase at the midpoint. This revision includes $0.08 per share from updated assumptions regarding the Flower Mart project capitalization, a $0.05 per share contribution from significant lease termination fees, and a $0.04 per share improvement in same-property NOI guidance. Cash same-property NOI growth for the second quarter was 450 basis points, largely driven by one-time items contributing 300 basis points. The occupancy rate ended at 80.8%, and while a modest decline is expected in the third quarter due to redevelopment projects, positive net absorption is anticipated in the fourth quarter. The company also announced the disposition of several properties, including a four-building campus in Silicon Valley expected to close by the end of the third quarter, as part of its capital recycling strategy to optimize portfolio returns.

Strong Leasing Activity

Over 400,000 square feet of new and renewal leases were signed, showing a significant improvement both sequentially and year-over-year. Notably, there was a 110% year-over-year increase in activity in the SoMa submarket of San Francisco.

Positive Market Dynamics in San Francisco

San Francisco saw active tenant demand nearly double since 2023, driven by growth in the AI sector and improvements in public safety and downtown revitalization efforts.

Record Leasing Rate in San Diego

In San Diego, a renewal and expansion at One Paseo was signed at the highest rate ever recorded for an office lease in San Diego County.

Capital Recycling and Dispositions

The company announced the disposition of properties in Santa Monica and Silicon Valley, generating over $480 million in gross proceeds. These sales allowed the company to monetize lower-growth assets efficiently.

Guidance Increase

FFO guidance was raised by $0.15 at the midpoint, reflecting the cessation of capitalization at the Flower Mart, a significant termination fee, and improved same-property NOI guidance.

Kilroy Realty (KRC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KRC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.30 / -	0.44	―	―	―
Jul 28, 2025	2025 (Q2)	0.31 / 0.57	0.41	39.02% (+0.16)	―
May 05, 2025	2025 (Q1)	0.32 / 0.33	0.42	-21.43% (-0.09)
Feb 10, 2025	2024 (Q4)	0.32 / 0.50	0.4	25.00% (+0.10)
Oct 28, 2024	2024 (Q3)	0.36 / 0.44	0.45	-2.22% (-0.01)	―
Jul 31, 2024	2024 (Q2)	0.40 / 0.41	0.47	-12.77% (-0.06)	―
May 02, 2024	2024 (Q1)	0.43 / 0.42	0.48	-12.50% (-0.06)	―
Feb 05, 2024	2023 (Q4)	0.39 / 0.40	0.45	-11.11% (-0.05)	―
Oct 25, 2023	2023 (Q3)	0.35 / 0.45	0.68	-33.82% (-0.23)	―
Jul 31, 2023	2023 (Q2)	0.36 / 0.47	0.4	17.50% (+0.07)	―

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
Jul 28, 2025	$36.61	$38.32	+4.67%
May 05, 2025	$31.38	$30.33	-3.35%
Feb 10, 2025	$35.63	$34.69	-2.64%
Oct 28, 2024	$39.77	$39.45	-0.80%

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 Oct 22, 2025, After Close (Confirmed).

What is Kilroy Realty (KRC) earnings time?

Kilroy Realty (KRC) earnings time is at Oct 22, 2025, 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 2025 (Q3) is 0.3.

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