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Kilroy Realty (KRC)
NYSE:KRC
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.41Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: -1.16%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. On the positive side, strong leasing activity in San Francisco, driven by the burgeoning AI industry, and a significant land sale agreement were highlighted. However, challenges include declining occupancy, negative re-leasing spreads, and macroeconomic uncertainty affecting future leasing activity. The sentiment remains cautious given the regulatory challenges in the life sciences sector.Company Guidance
During the Kilroy Realty Corporation's 1Q '25 earnings call, management provided updated guidance for 2025, highlighting several key metrics. The forward leasing pipeline saw a 40% year-over-year improvement in tour activity, driven largely by a 60% increase in San Francisco, indicative of a strengthening office demand as the city experiences its lowest crime rate in 23 years. The company also completed a 60,000 square foot lease with a technology firm in San Francisco and a 34,000 square foot expansion for an AI tenant in Seattle, underscoring the burgeoning AI industry's impact on leasing activity. While cash same-property NOI declined by 160 basis points year-over-year and occupancy decreased to 81.4%, Kilroy reaffirmed its full-year guidance, including FFO and cash same-property NOI growth, with a focus on maintaining operational flexibility and strategic capital allocation.Strong Leasing Activity and Pipeline in San Francisco
A nearly 60,000 square foot lease with a technology company in San Francisco, representing the largest lease execution in the city since 2019. A 60% year-over-year increase in tour activity in the San Francisco portfolio was reported, indicating strong visibility on the future pipeline.
AI Industry Growth Driving Demand
The burgeoning AI industry is significantly contributing to office demand, with a 34,000 square foot expansion for a data analytics and AI tenant in Seattle.
Positive Developments in San Francisco
San Francisco's crime rate is now the lowest in 23 years, contributing to growing foot traffic and the re-amenitization of major office corridors.
Successful Sustainability Initiatives
The company published its annual sustainability report with new goals to be achieved by 2030, maintaining leadership in corporate responsibility.
Significant Land Sale Agreement
An agreement to sell a portion of the Santa Fe Summit site in San Diego for $38 million, with projected gross proceeds from future land sales expected to exceed $150 million.
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 |
|---|---|---|---|
May 05, 2025 | $31.88 | $30.81 | -3.36% |
Feb 10, 2025 | $36.19 | $35.24 | -2.63% |
Oct 28, 2024 | $40.40 | $40.07 | -0.82% |
Jul 31, 2024 | $35.39 | $33.74 | -4.66% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Kilroy Realty (KRC) earnings time?
Kilroy Realty (KRC) earnings time is at Jul 30, 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 (Q2) is 0.31.