Kilroy Realty Corp (KRC) stock
KRCNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 23, 2026Score 6/304% below fair value
$36.07−0.34 (-0.93%)
Close on Oct 30, 2026Market cap $4.20BP/E 25.4Yield 5.99%
Earnings
Kilroy Realty's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 8, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$271.60M
-2.9% on a year earlier
Funds from operations (“FFO”), Q3 FY2026
$0.88
$1.08 a year earlier
Latest guidance
Issued
Oct 22, 2026 · 2 items
Quarterly results
Revenue and earnings per share from each of Kilroy Realty's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 8, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 22, 2026after the close | $271.60M | -2.9% | $0.13 | $0.88 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 27, 2026after the close | $272.40M | -6.0% | $0.17 | $0.92 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 27, 2026after the close | $270.10M | -0.3% | -$0.16 | $0.91 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 9, 2026after the close | $272.20M | -5.0% | $0.10 | $0.97 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 27, 2025after the close | $279.70M | -3.5% | $1.31 | $1.08 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 28, 2025after the close | $289.90M | +3.3% | – | – | Release |
| Q1 FY2025ended Mar 31, 2025 | May 5, 2025after the close | $270.80M | -2.8% | $0.33 | $1.02 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 10, 2025after the close | $286.40M | +6.5% | $0.50 | $1.20 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 28, 2024after the close | $289.90M | +2.2% | $0.44 | $1.17 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 31, 2024after the close | $280.70M | -1.3% | $0.41 | $1.10 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 2, 2024after the close | $278.60M | -4.8% | $0.42 | $1.11 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 5, 2024after the close | $269.00M | -5.4% | $0.40 | $1.08 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 25, 2023after the close | $283.60M | +2.8% | – | $1.12 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 31, 2023after the close | $284.30M | +4.8% | $0.47 | $1.19 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 26, 2023after the close | $292.80M | +10.3% | – | – | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 1, 2023after the close | $284.30M | +8.9% | $0.45 | $1.17 | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 25, 2022after the close | $276.00M | +18.8% | – | $1.17 | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 28, 2022after the close | $271.20M | – | $0.40 | $1.17 | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 28, 2022after the close | $265.50M | – | – | $1.16 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 1, 2022after the close | $261.10M | – | – | $1.05 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 28, 2021after the close | $232.30M | – | $0.40 | $0.98 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 28, 2021after the close | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 29, 2021after the close | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 2, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 29, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Kilroy Realty's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Same Property Cash Net Operating Income (“NOI”) growthnon-GAAP | FY2026 | -1.5% – 0% | – | New | Feb 9, 2026 |
| NOI from Development Properties | FY2026 | -$24.00M – -$22.50M | -$25.00M – -$23.50M | Raised | Jul 27, 2026 |
| Non-Cash GAAP NOI adjustmentsGAAP | FY2026 | $12.00M – $14.00M | – | New | Feb 9, 2026 |
| Net income available to common stockholders per share - dilutedGAAP | FY2026 | $0.23 – $0.27 | – | New | Oct 22, 2026 |
| Net income available to common stockholders per share - dilutedGAAP | FY2026 | $0.08 – $0.22 | $0.59 – $0.79 | Lowered | Jul 27, 2026 |
| Nareit-defined FFO per sharenon-GAAP | FY2026 | $3.55 – $3.59 | – | New | Oct 22, 2026 |
| Nareit-defined FFO per share guidancenon-GAAP | FY2026 | $3.49 – $3.63 | $3.25 – $3.45 | Raised | Jul 27, 2026 |
| Capitalized interest | FY2026 | $48.50M – $49.50M | $150.00M – $200.00M | Lowered | Jul 27, 2026 |
| Average full year occupancy | FY2026 | 76.5% – 78% | 76% – 78% | Lowered | Jul 27, 2026 |
| Average full year occupancy excluding KOP 2 | FY2026 | 80.5% – 81.5% | 80% – 81.5% | Raised | Jul 27, 2026 |
| Capitalized interest | FY2026 | $32.00M – $34.00M | – | Lowered | Feb 9, 2026 |
| Dispositions | FY2026 | $300.00M | – | Raised | Feb 9, 2026 |
| Funds From Operationsnon-GAAP | FY2026 | $416.01M – $432.70M | – | New | Jul 27, 2026 |
| GAAP lease termination fee incomeGAAP | FY2026 | $3.00M – $4.50M | $3.00M – $4.50M | Lowered | Jul 27, 2026 |
| General and administrative and Leasing costs | FY2026 | -$89.50M – -$87.50M | $89.00M – $91.00M | Lowered | Jul 27, 2026 |
| Gross interest expense | FY2026 | -$209.50M – -$208.00M | $212.00M – $214.00M | Lowered | Jul 27, 2026 |
| Interest income | FY2026 | $2.00M – $3.00M | $2.00M – $3.00M | Raised | Jul 27, 2026 |
| Nareit-defined FFO per sharenon-GAAP | FY2026 | $3.49 – $3.63 | – | New | Apr 27, 2026 |
| Net income available to common stockholdersGAAP | FY2026 | $9.06M – $25.74M | – | Raised | Jul 27, 2026 |
| Non-Cash GAAP NOI adjustmentsGAAP | FY2026 | $13.00M – $15.00M | – | Raised | Jul 27, 2026 |
| Operating property dispositions | FY2026 | $347.50M – $500.00M | – | Raised | Jul 27, 2026 |
| Same Property Cash Net Operating Income (“NOI”) growth | FY2026 | +0.25% – +1.25% | – | New | Jul 27, 2026 |
Guidance history
Every forecast Kilroy Realty put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 22, 2026 | Nareit-defined FFO per share | FY2026 | $3.55 – $3.59 | New |
| Oct 22, 2026 | Net income available to common stockholders per share - diluted | FY2026 | $0.23 – $0.27 | New |
| Jul 27, 2026 | Capitalized interest | FY2026 | $48.50M – $49.50M | Lowered |
| Jul 27, 2026 | Total development spending | FY2026 | $150.00M | Raised |
| Jul 27, 2026 | Nareit-defined FFO per share guidance | FY2026 | $3.49 – $3.63 | Raised |
| Jul 27, 2026 | Nareit Funds From Operations per common share/unit – diluted | FY2026 | $3.49 – $3.63 | Reaffirmed |
| Jul 27, 2026 | Net income available to common stockholders per share - diluted | FY2026 | $0.08 – $0.22 | Lowered |
| Jul 27, 2026 | NOI from Development Properties | FY2026 | -$24.00M – -$22.50M | Raised |
| Jul 27, 2026 | Average full year occupancy | FY2026 | 76.5% – 78% | Lowered |
| Jul 27, 2026 | Average full year occupancy excluding KOP 2 | FY2026 | 80.5% – 81.5% | Raised |
| Jul 27, 2026 | Same Property Cash Net Operating Income (“NOI”) growth | FY2026 | +0.25% – +1.25% | New |
| Jul 27, 2026 | General and administrative and Leasing costs | FY2026 | -$89.50M – -$87.50M | Lowered |
| Jul 27, 2026 | Interest income | FY2026 | $2.00M – $3.00M | Raised |
| Jul 27, 2026 | Gross interest expense | FY2026 | -$209.50M – -$208.00M | Lowered |
| Jul 27, 2026 | Operating property dispositions | FY2026 | $347.50M – $500.00M | Raised |
| Jul 27, 2026 | Non-Cash GAAP NOI adjustments | FY2026 | $13.00M – $15.00M | Raised |
| Jul 27, 2026 | GAAP lease termination fee income | FY2026 | $3.00M – $4.50M | Lowered |
| Jul 27, 2026 | Net income available to common stockholders | FY2026 | $9.06M – $25.74M | Raised |
| Jul 27, 2026 | Funds From Operations | FY2026 | $416.01M – $432.70M | New |
| Apr 27, 2026 | Total development spending | FY2026 | $150.00M – $200.00M | Reaffirmed |
| Apr 27, 2026 | Interest income | FY2026 | $2.00M – $3.00M | Lowered |
| Apr 27, 2026 | GAAP lease termination fee income | FY2026 | $3.00M – $4.50M | Reaffirmed |
| Apr 27, 2026 | Nareit-defined FFO per share | FY2026 | $3.49 – $3.63 | New |
| Feb 9, 2026 | Total development spending | FY2026 | $150.00M – $200.00M | New |
| Feb 9, 2026 | Same Property Cash Net Operating Income (“NOI”) growth | FY2026 | -1.5% – 0% | New |
| Feb 9, 2026 | Nareit-defined FFO per share | FY2026 | $3.25 – $3.45 | New |
| Feb 9, 2026 | Net income available to common stockholders per share - diluted | FY2026 | $0.59 – $0.79 | New |
| Feb 9, 2026 | NOI from Development Properties | FY2026 | -$25.00M – -$23.50M | New |
| Feb 9, 2026 | Non-Cash GAAP NOI adjustments | FY2026 | $12.00M – $14.00M | New |
| Feb 9, 2026 | Average full year occupancy | FY2026 | 76% – 78% | New |
| Feb 9, 2026 | Average full year occupancy excluding KOP 2 | FY2026 | 80% – 81.5% | Raised |
| Feb 9, 2026 | General and administrative and Leasing costs | FY2026 | $89.00M – $91.00M | New |
| Feb 9, 2026 | Interest income | FY2026 | $2.00M – $3.00M | Lowered |
| Feb 9, 2026 | Gross interest expense | FY2026 | $212.00M – $214.00M | Raised |
| Feb 9, 2026 | Capitalized interest | FY2026 | $32.00M – $34.00M | Lowered |
| Feb 9, 2026 | Dispositions | FY2026 | $300.00M | Raised |
| Feb 9, 2026 | GAAP lease termination fee income | FY2026 | $3.00M – $4.50M | New |
| Oct 27, 2025 | General and administrative and Leasing costs | FY2025 | $83.00M – $85.00M | New |
| Oct 27, 2025 | Nareit-defined FFO per share | FY2025 | $4.18 – $4.24 | New |
| May 5, 2025 | Nareit-defined FFO per share | FY2025 | $3.85 – $4.05 | New |
| Feb 10, 2025 | Nareit FFO per diluted share | FY2025 | $3.85 – $4.05 | New |
| Oct 28, 2024 | Nareit-defined FFO per diluted share | FY2024 | $4.38 – $4.44 | Raised |
| Jul 31, 2024 | Total development spending | FY2024 | $225.00M – $275.00M | Narrowed |
| Jul 31, 2024 | Change in same store cash NOI | FY2024 | -4% – -3% | Raised |
| Jul 31, 2024 | Nareit-defined FFO per diluted share | FY2024 | $4.21 – $4.31 | Raised |
| Jul 31, 2024 | Net income available to common stockholders per share - diluted | FY2024 | $1.50 – $1.59 | Narrowed |
| Jul 31, 2024 | Average full year occupancy | FY2024 | 82.75% – 83.75% | Narrowed |
| Jul 31, 2024 | General and administrative expenses | FY2024 | $72.00M – $80.00M | Reaffirmed |
| May 2, 2024 | Total development spending | FY2024 | $200.00M – $300.00M | Reaffirmed |
| May 2, 2024 | Change in same store cash NOI | FY2024 | -5.5% – -3.5% | Raised |
| May 2, 2024 | Nareit-defined FFO per diluted share | FY2024 | $4.15 – $4.30 | Raised |
| May 2, 2024 | Net income available to common stockholders per share - diluted | FY2024 | $1.46 – $1.61 | Raised |
| May 2, 2024 | Average full year occupancy | FY2024 | 82.5% – 84% | Reaffirmed |
| May 2, 2024 | General and administrative expenses | FY2024 | $72.00M – $80.00M | Reaffirmed |
| Feb 5, 2024 | Total development spending | FY2024 | $200.00M – $300.00M | New |
| Feb 5, 2024 | Change in same store cash NOI | FY2024 | -6% – -4% | New |
| Feb 5, 2024 | Nareit-defined FFO per diluted share | FY2024 | $4.10 – $4.25 | New |
| Feb 5, 2024 | Net income available to common stockholders per share - diluted | FY2024 | $1.45 – $1.61 | New |
| Feb 5, 2024 | Average full year occupancy | FY2024 | 82.5% – 84% | New |
| Feb 5, 2024 | General and administrative expenses | FY2024 | $72.00M – $80.00M | New |
| Oct 25, 2023 | Total development spending | FY2023 | $400.00M – $450.00M | Raised |
| Oct 25, 2023 | Nareit-defined FFO per diluted share | FY2023 | $4.55 – $4.60 | Raised |
| Oct 25, 2023 | Net income available to common stockholders per share - diluted | FY2023 | $1.75 – $1.80 | Raised |
| Oct 25, 2023 | Average occupancy | FY2023 | 87% – 87.5% | Narrowed |
| Oct 25, 2023 | Same Store Cash NOI growth | FY2023 | +2.75% – +3.25% | Raised |
| Oct 25, 2023 | Dispositions | FY2023 | $0 | Lowered |
| Jul 31, 2023 | Total development spending | FY2023 | $425.00M – $475.00M | Narrowed |
| Jul 31, 2023 | Remaining 2023 development spending | FY2023 | $250.00M – $300.00M | Lowered |
| Jul 31, 2023 | Nareit-defined FFO per diluted share | FY2023 | $4.43 – $4.53 | Raised |
| Jul 31, 2023 | Net income available to common stockholders per share - diluted | FY2023 | $1.67 – $1.77 | Narrowed |
| Jul 31, 2023 | Average occupancy | FY2023 | 86.75% – 87.75% | Narrowed |
| Jul 31, 2023 | Same Store Cash NOI growth | FY2023 | +1.5% – +2.5% | Raised |
| Jul 31, 2023 | Dispositions | FY2023 | $0 – $200.00M | Reaffirmed |
| Jul 31, 2023 | Net income available to common stockholders | FY2023 | $196.00M – $208.00M | Narrowed |
| Jul 31, 2023 | Funds From Operations | FY2023 | $528.00M – $540.30M | Raised |
| Apr 26, 2023 | Total development spending | FY2023 | $400.00M – $500.00M | Lowered |
| Apr 26, 2023 | Nareit-defined FFO per diluted share | FY2023 | $4.30 – $4.50 | Lowered |
| Apr 26, 2023 | Net income available to common stockholders per share - diluted | FY2023 | $1.60 – $1.79 | Lowered |
| Apr 26, 2023 | Average occupancy | FY2023 | 86.5% – 88% | Reaffirmed |
| Apr 26, 2023 | Same Store Cash NOI growth | FY2023 | 0% – +2% | New |
| Apr 26, 2023 | General & administrative expenses | FY2023 | $82.00M – $90.00M | Narrowed |
| Apr 26, 2023 | Executive retirement costs | FY2023 | $8.00M – $14.00M | Lowered |
| Apr 26, 2023 | Dispositions | FY2023 | $0 – $200.00M | Raised |
| Apr 26, 2023 | Net income available to common stockholders | FY2023 | $188.00M – $210.00M | New |
| Apr 26, 2023 | Funds From Operations | FY2023 | $513.30M – $536.80M | New |
| Feb 1, 2023 | Total development spending | FY2023 | $450.00M – $550.00M | New |
| Feb 1, 2023 | Nareit-defined FFO per diluted share | FY2023 | $4.40 – $4.60 | New |
| Feb 1, 2023 | Net income available to common stockholders per share - diluted | FY2023 | $1.85 – $2.03 | New |
| Feb 1, 2023 | Same Store Cash NOI growth | FY2023 | 0% – +2% | New |
| Feb 1, 2023 | Average occupancy | FY2023 | 86.5% – 88% | New |
| Feb 1, 2023 | Dispositions | FY2023 | $0 – $200.00M | New |
| Oct 25, 2022 | Total remaining development spending | FY2022 | $100.00M – $150.00M | Lowered |
| Oct 25, 2022 | NAREIT-defined FFO per diluted share | FY2022 | $4.62 – $4.68 | Raised |
| Oct 25, 2022 | Net income available to common stockholders per share - diluted | FY2022 | $1.89 – $1.95 | Raised |
| Oct 25, 2022 | Same Store Cash NOI growth | FY2022 | +6% – +6.5% | Raised |
| Oct 25, 2022 | Dispositions | FY2022 | $48.00M | Lowered |
| Jul 27, 2022 | Total remaining development spending | FY2022 | $300.00M – $350.00M | Lowered |
| Jul 27, 2022 | NAREIT-defined FFO per diluted share | FY2022 | $4.53 – $4.63 | Raised |
| Jul 27, 2022 | Net income available to common stockholders per share - diluted | FY2022 | $1.68 – $1.78 | Lowered |
| Jul 27, 2022 | Year-end occupancy | FY2022 | 91% – 92% | Reaffirmed |
| Jul 27, 2022 | Same Store Cash NOI growth | FY2022 | +5% – +6% | New |
| Jul 27, 2022 | Dispositions | FY2022 | $200.00M – $500.00M | Reaffirmed |
| Apr 27, 2022 | Total remaining development spending | FY2022 | $500.00M – $575.00M | Lowered |
| Apr 27, 2022 | NAREIT-defined FFO per diluted share | FY2022 | $4.44 – $4.58 | Raised |
| Apr 27, 2022 | Net income available to common stockholders per share - diluted | FY2022 | $1.78 – $1.92 | Narrowed |
| Apr 27, 2022 | Same Store Cash NOI growth | FY2022 | +5% – +6% | Raised |
| Apr 27, 2022 | Year-end occupancy | FY2022 | 91% – 92% | Reaffirmed |
| Apr 27, 2022 | Dispositions | FY2022 | $200.00M – $500.00M | Reaffirmed |
| Jan 31, 2022 | Total development spending | FY2022 | $550.00M – $650.00M | New |
| Jan 31, 2022 | NAREIT-defined FFO per diluted share | FY2022 | $4.35 – $4.55 | New |
| Jan 31, 2022 | Net income available to common stockholders per share - diluted | FY2022 | $1.76 – $1.96 | New |
| Jan 31, 2022 | Same Store Cash NOI growth | FY2022 | +4.5% – +5.5% | New |
| Jan 31, 2022 | Year-end occupancy | FY2022 | 91% – 92% | New |
| Jan 31, 2022 | Dispositions | FY2022 | $200.00M – $500.00M | New |
| Oct 27, 2021 | Total remaining development spending | FY2021 | $100.00M – $150.00M | New |
| Oct 27, 2021 | NAREIT-defined FFO per diluted share | FY2021 | $3.74 – $3.80 | New |
| Oct 27, 2021 | Net income available to common stockholders per share - diluted | FY2021 | $5.30 – $5.36 | New |
| Oct 27, 2021 | Same Store Cash NOI growth | FY2021 | +5% – +5.5% | New |
| Oct 27, 2021 | Year-end occupancy | FY2021 | 91.5% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Kilroy Realty filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Update
- Results
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- Update
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- Update
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