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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: How Safe Is This 6.2% Dividend Yield From Class A Office?
Kilroy Realty has maintained stable dividend distributions and currently offers a 6.2% yield despite the headwinds faced by office REITs. The REIT's portfolio consists of high-quality Class A properties in West Coast markets, with technology tenants making up 54% of...
Kilroy Realty Recasts Its $1.1 Billion Sustainability-Linked Unsecured Revolving Credit Facility
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) (the “Company”), today announced that its operating partnership, Kilroy Realty, L.P. (the “Borrower”), has closed on an amended and restated senior unsecured revolving credit facility that permits borrowings of up to $1.1 billion...
Kilroy Realty to Participate in Citi's 2024 Global Property CEO Conference
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, the “company”, "Kilroy") announced today that Angela M. Aman, Chief Executive Officer, and other members of the Company's senior management team, will participate in Citi's 2024 Global Property CEO Conference. A live webcast...
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 April 10, 2024 to stockholders of record on March 29, 2024. The...
Kilroy Realty Passes Through 6% Yield Mark
In trading on Tuesday, shares of Kilroy Realty were yielding above the 6% mark based on its quarterly dividend (annualized to $2.16), with the stock changing hands as low as $35.45 on the day. Dividends are particularly important for investors...
Office REITs: Blood In The Streets Is Not Deep Enough
Office vacancy rates are at a 30-year high. Share prices of the largest traditional office REITs are down 40-60% from pre-COVID levels. More bad news is coming; declines may reach 80% "blood in the street" levels.
Kilroy Realty Corporation (KRC) Q4 2023 Earnings Call Transcript
Kilroy Realty Corporation (KRC) Q4 2023 Earnings Call Transcript
Kilroy Realty (KRC) Beats Q4 FFO Estimates
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.08 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to FFO of $1.17 per share a year ago.
Kilroy Realty Corporation Reports Fourth Quarter Financial Results
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year Highlights Financial Results Revenues of $269.0 million Net income available to common stockholders...
Landlord debt is rallying — even in the battered office sector
Debt issued by publicly traded commercial real-estate investment trusts (REITs) has been in rally mode to start 2024, even in the battered office sector.
Source: https://incomestatements.info
Category: Stock Reports