KRC · NYSE · REIT - Office

Kilroy Realty (KRC)

Leases and manages office, life-science, mixed-use, and residential properties in selected U.S. markets.

$34.17
vs last close−0.58 (−1.66%)
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Kilroy Realty CorporationKRC
Real Estate

Leases and operates office, life-science, mixed-use, and residential properties across selected U.S. markets. Operates as a self-administered REIT with one reportable operating segment.

Leases and operates office, life-science, mixed-use, and ancillary residential space. Its portfolio is concentrated in Greater Los Angeles, San Diego, the San Francisco Bay Area, the Pacific Northwest/Seattle, and Austin.

Operates as a self-administered REIT, managing its portfolio rather than selling consumer products. The public company began operations through a 1997 IPO after a predecessor real-estate business founded in 1947.

Portfolio activity includes development, acquisition, and management, including additions in Torrey Pines and Beverly Hills. Leasing and operating these property types in selected U.S. markets are core business dependencies, and the company reports one operating segment.

Company facts

CEOAngela M. Aman
ListedJan 31, 1997
ExchangeNYSE
HeadquartersLos Angeles, CA
CountryUnited States
Employees241
CIK0001025996
ISINUS49427F1084

Market cap$4.04B
EPS (ttm)$1.43
P/E (ttm)24.29
ROE3.2%
P/B0.7731
P/S3.69
Dividend yieldDiv yield6.22%
Beta0.62vs XLRE 0.64

Price target$38.00+9.4%Average of 28 analysts
ConsensusHold14 of 28 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 21, 2026Evercore ISITarget
Target: $38
Target: $44
Sep 17, 2026ScotiabankReiterate
Rating: Target: $41
Rating: Sector PerformTarget: $39
Jul 29, 2026Goldman SachsReiterate
Rating: Target: $75
Rating: SellTarget: $31
Jul 21, 2026ScotiabankReiterate
Rating: Target: $38
Rating: Sector PerformTarget: $41
Jul 21, 2026Mizuho SecuritiesTarget
Target: $29
Target: $34

Next report
Oct 26, 26
in 33 days
EPS estimate
$0.14
Revenue estimate
$263.5M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.50$0.33$0.58$1.31$0.10$0.16$0.17Pending
Estimate$0.31$0.32$0.31$0.30$0.29$0.14$0.15$0.14
Surprise+61.3%+3.7%+85.3%+337.0%−65.7%+13.2%+15.4%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$286.4M$270.8M$289.9M$279.7M$272.2M$270.1M$272.4MPending
Estimate$280.1M$274.7M$269.9M$273.8M$271.2M$263.1M$267.4M$263.5M
Surprise+2.3%−1.4%+7.4%+2.2%+0.4%+2.7%+1.9%
Estimate$0.14
ReportedDue Oct 26, 2026
Estimate$263.5M
ReportedDue Oct 26, 2026
View details

Debt to equity89.20%
Current ratio70.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$289.9M$286.4M$270.8M$289.9M$279.7M$272.2M$270.1M$272.4M
Net income$52.4M$59.3M$39.0M$68.4M$156.2M$12.4M−$19.3M$19.9M
Net margin18.1%20.7%14.4%23.6%55.8%4.6%0.0%7.3%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$84.4M$87.5M$73.9M$93.2M$80.7M$67.8M$60.7M$65.4M
YoY growth+3.5%+17.2%−9.6%+14.5%−4.3%−22.6%−17.7%−29.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $288.8M · Total debt $4.66B · Total assets $10.63B · Shareholders' equity $5.23B

Revenue
$272.4M
Operating income
$65.4M
Net income
$19.9M
View details

Dividend yield
6.22%
Next ex-date
Sep 30, 26
in 7 days
Annual dividend
$2.16
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.54$0.54$0.54$0.54$0.54$0.54$0.54$0.54
Annual yield5.34%6.59%6.30%5.11%5.78%7.66%5.76%6.32%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 8Apr 9Jul 9Oct 8Jan 7Apr 8Jul 8Oct 14
View details

Institutions≈ 117.85%137.07M shares
397 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders1.13%1.32M shares
20 holders · as of Jul 10, 2026
Strategic holders7.94%9.24M shares
2 holders · as of Feb 16, 2021
Adds to126.92%

116.31M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 126.92%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
13.33%15.51Mas of Jun 30, 2026
D1 Capital Partners L.P.Institution
9.03%10.50Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
8.23%9.58Mas of Jun 30, 2026
Norges Bank (The Central Bank of Norway)Strategic
7.79%9.06Mfiled Jan 25, 2021
State Street CorpInstitution
5.27%6.13Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 29, 2026Jolie A. Huntdirector−15,800$37.79
Jun 24, 2026A. Robert Paratteofficer: See Remarks−8,000$37.34
Jun 9, 2026Justin William Smartofficer: President−10,848$38.71
May 7, 2026Heidi Rena Rothofficer: See Remarks−19,541$35.22
May 6, 2026Lauren N. Stadlerofficer: See Remarks−3,000$34.65
View details

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