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Complete financial analysis of Kilroy Realty Corporation (KRC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Kilroy Realty Corporation, a leading company in the REIT – Office industry within the Real Estate sector.
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Kilroy Realty Corporation (KRC)
About Kilroy Realty Corporation
Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company's approach to modern business environments helps drive creativity, productivity and employee retention for some of the world's leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC's stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.13B | 1.10B | 955.04M | 898.40M | 837.45M | 747.30M | 719.00M | 642.57M | 581.28M | 521.73M | 465.10M | 404.91M | 367.13M | 301.98M | 279.43M | 289.97M | 258.47M | 251.24M | 241.72M | 221.40M | 227.79M | 202.10M | 209.65M | 187.11M | 159.70M | 136.28M | 69.18M | 39.18M |
| Cost of Revenue | 351.07M | 321.06M | 269.58M | 260.72M | 253.86M | 210.78M | 202.76M | 172.58M | 158.70M | 148.79M | 140.27M | 117.00M | 72.87M | 85.56M | 49.71M | 70.98M | 62.85M | 61.80M | 57.44M | 51.83M | 49.65M | 46.35M | 45.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 778.62M | 775.93M | 685.46M | 637.68M | 583.59M | 536.52M | 516.24M | 470.00M | 422.58M | 372.94M | 324.83M | 287.91M | 294.26M | 216.42M | 229.73M | 218.99M | 195.63M | 189.44M | 184.27M | 169.57M | 178.13M | 155.75M | 164.35M | 187.11M | 159.70M | 136.28M | 69.18M | 39.18M |
| Gross Profit Ratio | 68.92% | 70.73% | 71.77% | 70.98% | 69.69% | 71.79% | 71.80% | 73.14% | 72.70% | 71.48% | 69.84% | 71.10% | 80.15% | 71.67% | 82.21% | 75.52% | 75.69% | 75.40% | 76.24% | 76.59% | 78.20% | 77.07% | 78.39% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.24 | 0.69 | 0.23 | 0.26 | 0.37 | 0.25 | 0.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46.00K | 650.00K |
| General & Administrative | 93.43M | 93.64M | 92.75M | 99.26M | 88.14M | 90.47M | 60.58M | 57.03M | 48.27M | 46.15M | 39.66M | 36.19M | 28.15M | 28.95M | 39.94M | 38.26M | 36.58M | 22.80M | 66.46M | 34.02M | 19.14M | 12.56M | 12.44M | 11.11M | 9.09M | 7.74M | 5.03M | 2.38M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.78M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 93.43M | 93.64M | 92.75M | 99.26M | 88.14M | 90.47M | 60.58M | 57.03M | 48.27M | 46.15M | 39.66M | 36.19M | 29.93M | 28.95M | 39.94M | 38.26M | 36.58M | 22.80M | 66.46M | 34.02M | 19.14M | 12.56M | 12.44M | 11.11M | 9.09M | 7.74M | 5.03M | 2.38M |
| Other Expenses | 0.00 | 357.61M | 310.04M | 299.31M | 273.13M | 259.97M | 249.16M | 217.23M | 204.84M | 202.48M | 193.14M | 163.07M | 133.86M | 102.75M | 112.53M | 159.93M | 139.32M | 136.06M | 125.82M | 112.56M | 108.77M | 107.48M | 98.72M | 80.71M | 68.23M | 57.98M | 27.53M | 21.12M |
| Operating Expenses | 93.43M | 451.25M | 402.79M | 398.57M | 361.27M | 350.44M | 309.74M | 274.26M | 253.10M | 248.63M | 232.80M | 199.26M | 196.31M | 131.69M | 154.06M | 198.19M | 175.90M | 158.86M | 192.28M | 146.59M | 127.91M | 120.04M | 111.15M | 91.82M | 77.32M | 65.72M | 32.60M | 24.15M |
| Cost & Expenses | 799.78M | 772.31M | 672.37M | 659.29M | 615.13M | 561.22M | 512.49M | 446.84M | 411.80M | 397.41M | 373.06M | 316.26M | 269.18M | 217.25M | 203.77M | 198.19M | 175.90M | 158.86M | 192.28M | 146.59M | 127.91M | 120.04M | 111.15M | 91.82M | 77.32M | 65.72M | 32.60M | 24.15M |
| Interest Income | 22.59M | 1.77M | 3.92M | 3.42M | 4.64M | 0.00 | 5.50M | 1.76M | 243.00K | 561.00K | 1.64M | 848.00K | 571.00K | 964.00K | 1.30M | 0.00 | 1.61M | 1.65M | 0.00 | 0.00 | 196.00K | 513.00K | 1.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 114.22M | 84.28M | 78.56M | 70.77M | 48.54M | 50.28M | 66.04M | 55.80M | 57.68M | 67.57M | 75.87M | 79.11M | 89.41M | 59.94M | 46.12M | 40.37M | 37.50M | 43.54M | 39.15M | 37.65M | 33.39M | 35.64M | 41.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 356.30M | 772.31M | 672.37M | 659.29M | 615.13M | 561.31M | 512.59M | 448.84M | 204.29M | 202.42M | 192.73M | 162.92M | 136.60M | 103.81M | 87.63M | 83.28M | 86.42M | 69.75M | 67.83M | 62.07M | 59.83M | 64.50M | 54.10M | 42.38M | 33.79M | 26.20M | 14.02M | 9.11M |
| EBITDA | 686.21M | 684.05M | 596.63M | 538.41M | 500.09M | 440.36M | 452.39M | 521.03M | 442.90M | 261.73M | 208.57M | 168.36M | 234.55M | 122.75M | 123.38M | 81.13M | 156.99M | 156.91M | 329.34M | 290.59M | 141.05M | 179.10M | 108.73M | 250.95M | 221.95M | 192.53M | 108.50M | 63.50M |
| EBITDA Ratio | 60.74% | 62.36% | 62.47% | 60.31% | 59.72% | 58.93% | 63.69% | 64.54% | 64.34% | 62.73% | 61.58% | 62.34% | 63.92% | 64.69% | 56.68% | 60.37% | 65.38% | 64.37% | 48.21% | 61.59% | 70.03% | 72.07% | 70.54% | 73.58% | 72.75% | 71.00% | 73.15% | 61.61% |
| Operating Income | 329.91M | 326.44M | 286.58M | 242.53M | 226.96M | 186.08M | 206.51M | 195.73M | 169.47M | 57.30M | 17.80M | 88.65M | 97.95M | 84.73M | 30.85M | -198.19M | -175.90M | -158.86M | -192.28M | -146.59M | -127.91M | -120.04M | -111.15M | -91.82M | -77.32M | -65.72M | -32.60M | -24.15M |
| Operating Income Ratio | 29.20% | 29.76% | 30.01% | 27.00% | 27.10% | 24.90% | 28.72% | 30.46% | 29.16% | 10.98% | 3.83% | 21.89% | 26.68% | 28.06% | 11.04% | -68.35% | -68.05% | -63.23% | -79.55% | -66.21% | -56.15% | -59.40% | -53.02% | -49.07% | -48.42% | -48.22% | -47.12% | -61.65% |
| Total Other Income/Expenses | -91.62M | -65.18M | 66.20M | -31.81M | -7.09M | 91.85M | -25.89M | -102.27M | 69.13M | -65.22M | -72.63M | -77.37M | -89.27M | -85.15M | -47.63M | -45.93M | -84.18M | 1.16M | 33.41M | 727.00K | 56.52M | 896.00K | -16.99M | 138.67M | 117.22M | 104.54M | 57.36M | -63.50M |
| Income Before Tax | 238.29M | 259.49M | 658.91M | 207.29M | 215.23M | 277.93M | 180.62M | 303.80M | 238.60M | 59.31M | 15.84M | 5.45M | 5.06M | 18.94M | 36.99M | 44.12M | 113.82M | 81.86M | 33.82M | 29.94M | 49.61M | 40.31M | 38.43M | 46.85M | 39.90M | 38.82M | 24.76M | 13.27M |
| Income Before Tax Ratio | 21.09% | 23.66% | 68.99% | 23.07% | 25.70% | 37.19% | 25.12% | 47.28% | 41.05% | 11.37% | 3.41% | 1.35% | 1.38% | 6.27% | 13.24% | 15.22% | 44.04% | 32.58% | 13.99% | 13.52% | 21.78% | 19.95% | 18.33% | 25.04% | 24.98% | 28.49% | 35.79% | 33.87% |
| Income Tax Expense | 0.00 | 84.28M | 109.32M | 90.96M | 68.32M | 19.51M | 16.00M | 10.01M | 4.52M | -120.91M | -28.04M | -265.47M | -60.96M | -771.00K | -36.99M | -44.12M | -113.82M | -81.86M | -33.82M | -29.94M | -49.61M | -40.31M | -38.43M | -46.85M | -39.90M | -38.82M | -24.76M | -13.27M |
| Net Income | 212.24M | 175.22M | 628.14M | 116.33M | 146.91M | 258.42M | 164.61M | 293.79M | 234.08M | 180.22M | 43.88M | 270.91M | 66.02M | 19.71M | 36.99M | 44.12M | 113.82M | 81.86M | 33.82M | 29.94M | 49.61M | 40.31M | 38.43M | 46.85M | 39.90M | 38.82M | 24.76M | 13.27M |
| Net Income Ratio | 18.79% | 15.97% | 65.77% | 12.95% | 17.54% | 34.58% | 22.89% | 45.72% | 40.27% | 34.54% | 9.43% | 66.91% | 17.98% | 6.53% | 13.24% | 15.22% | 44.04% | 32.58% | 13.99% | 13.52% | 21.78% | 19.95% | 18.33% | 25.04% | 24.98% | 28.49% | 35.79% | 33.87% |
| EPS | 1.80 | 1.50 | 5.38 | 1.03 | 1.42 | 2.58 | 1.52 | 3.00 | 2.44 | 1.99 | 0.37 | 3.56 | 0.87 | 0.07 | 0.53 | 1.06 | 3.22 | 2.31 | 0.84 | 1.06 | 1.81 | 1.40 | 1.13 | 1.76 | 1.44 | 1.44 | 1.20 | -0.52 |
| EPS Diluted | 1.80 | 1.49 | 5.36 | 1.02 | 1.41 | 2.57 | 1.51 | 2.97 | 2.42 | 1.95 | 0.36 | 3.56 | 0.87 | 0.07 | 0.53 | 1.06 | 3.20 | 2.30 | 0.84 | 1.06 | 1.79 | 1.39 | 1.12 | 1.75 | 1.44 | 1.43 | 1.19 | -0.52 |
| Weighted Avg Shares Out | 117.16M | 116.81M | 116.43M | 113.24M | 103.20M | 99.97M | 98.11M | 92.34M | 89.85M | 83.09M | 77.34M | 69.02M | 56.72M | 49.50M | 38.71M | 32.47M | 32.38M | 31.24M | 28.71M | 28.24M | 27.53M | 27.45M | 27.17M | 26.60M | 27.70M | 26.99M | 18.42M | 14.48M |
| Weighted Avg Shares Out (Dil) | 117.51M | 117.22M | 116.95M | 113.72M | 103.85M | 100.48M | 98.73M | 93.02M | 90.40M | 84.97M | 79.11M | 69.64M | 56.72M | 49.50M | 38.73M | 32.67M | 32.53M | 31.39M | 28.71M | 28.42M | 27.74M | 27.72M | 27.37M | 26.76M | 27.73M | 27.06M | 18.57M | 14.48M |
Kilroy Realty Declares Quarterly Dividend
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today that its Board of Directors declared a regular quarterly cash dividend of $0.54 per common share payable on January 8, 2025 to stockholders of record on December 31, 2024. The...
Kilroy Realty Corporation (KRC) Q3 2024 Earnings Call Transcript
Kilroy Realty Corporation (NYSE:KRC ) Q3 2024 Results Conference Call October 29, 2024 1:00 PM ET Company Participants Taylor Friend - Senior Vice President, Capital Markets & Treasurer Angela Aman - CEO Eliott Trencher - EVP, CIO Jeffrey Kuehling -...
Kilroy Realty (KRC) Surpasses Q3 FFO and Revenue Estimates
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.17 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to FFO of $1.12 per share a year ago.
Kilroy Realty Corporation Reports Third Quarter Financial Results
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) today reported financial results for its third quarter ended September 30, 2024. Financial Results Revenues grew 2.2% to $289.9 million for the quarter ended September 30, 2024, as compared to $283.6 million for...
Kilroy Realty Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today it will release third quarter 2024 financial results after the market closes on Monday, October 28, 2024. The company will hold a conference call to discuss the results at 10:00...
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Kilroy Realty to Participate in the Bank of America 2024 Global Real Estate Conference
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) announced today that members of the Company's senior management will participate in a roundtable discussion at the Bank of America 2024 Global Real Estate Conference on Tuesday, September 10, 2024. The live panel...
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