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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 Continues Strong Fourth Quarter Leasing Momentum
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) today announced that it has signed approximately 520,000 square feet of new or renewing leases quarter to date, including approximately 400,000 square feet signed in November. Included in our November activity are...
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 10, 2024 to stockholders of record on December 29, 2023. The...
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Here's Why Kilroy Realty (KRC) Is a Great 'Buy the Bottom' Stock Now
Kilroy Realty (KRC) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher...
How Much Upside is Left in Kilroy Realty (KRC)? Wall Street Analysts Think 29.35%
The average of price targets set by Wall Street analysts indicates a potential upside of 29.4% in Kilroy Realty (KRC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into...
KRC vs. STAG: Which Stock Should Value Investors Buy Now?
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Kilroy Realty Corporation (KRC) Q3 2023 Earnings Call Transcript
Kilroy Realty Corporation (NYSE:KRC ) Q3 2023 Results Conference Call October 26, 2023 1:00 PM ET Company Participants Bill Hutcheson - SVP, IR & Capital Markets John Kilroy - Chairman, CEO Justin Smart - President Rob Paratte - Chief Leasing...
Kilroy Realty: Secular Headwinds Make Shares Unattractive After Q3 Results
Kilroy Realty shares have lost over one-third of their value due to concerns about remote working and rental demand in the office sector. The company's Q3 earnings beat expectations, but property costs and interest expenses have increased, offsetting higher revenue....
Kilroy Realty (KRC) Beats Q3 FFO and Revenue Estimates
Kilroy Realty (KRC) came out with quarterly funds from operations (FFO) of $1.12 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to FFO of $1.17 per share a year ago.
Source: https://incomestatements.info
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