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Kilroy Realty (KRC)
NYSE:KRC
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.42Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -9.00%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of strong leasing activity and strategic accomplishments, such as significant deals and investments, alongside challenges related to occupancy declines and development uncertainties. While there are positive signs of recovery and growth opportunities, there remain notable concerns about future occupancy and financial performance.Company Guidance
During the Kilroy Realty Corporation Fourth Quarter 2024 Earnings Conference Call, management provided guidance for 2025, outlining several key financial metrics. The company projects FFO to range between $3.85 and $4.05 per diluted share, with an expected midpoint of $3.95. Average occupancy is anticipated to be between 80% and 82%, reflecting a decrease of roughly 300 basis points from 2024 due to anticipated move-outs. Cash same-property NOI is forecasted to decline between 1.5% and 3%, impacted by a 50 basis point decrease from base rent and a 75 basis point decrease from net recoveries. Furthermore, non-cash GAAP NOI adjustments are expected to significantly reduce to between $2 million and $5 million, down from more than $20 million in 2024, due to leasing activity patterns. Overhead costs are projected to rise slightly, with a total of $83 million to $85 million, aligning with a more sustainable future run rate. The company's approach to capital allocation remains disciplined, with plans to monetize non-core assets and maintain a flexible balance sheet.Strong Leasing Activity
Signed approximately 708,000 square feet of leases in Q4 2024, marking the highest level of leasing activity since Q4 2019.
Significant Deals Completed
Executed a multi-floor lease with Walmart at Skyline Tower in Bellevue, Washington, and a 274,000 square foot new lease in the San Francisco Bay Area with a global technology company.
Promising Future Growth
Vacant space at high-quality assets represented 410 basis points of leased occupancy upside at year-end, offering substantial growth potential.
Positive Transaction Market Outlook
Deal volume and financing levels were higher year-over-year, with core capital returning to the sector.
Investment in PropTech
Made a modest investment in Fifth Wall to better integrate technology into operations and drive efficiencies.
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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
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KRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $36.79 | $35.82 | -2.64% |
| Oct 28, 2024 | $41.06 | $40.73 | -0.80% |
| Jul 31, 2024 | $35.97 | $34.30 | -4.64% |
| May 02, 2024 | $32.77 | $32.45 | -0.98% |
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.
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FAQ
When does Kilroy Realty (KRC) report earnings?
Kilroy Realty (KRC) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Kilroy Realty (KRC) earnings time?
Kilroy Realty (KRC) earnings time is at Apr 23, 2025, TBA Not 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 (Q1) is 0.37.
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