See more : Devine Impex Limited (DEVINE.BO) Income Statement Analysis – Financial Results
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 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, 2023. Third Quarter Highlights Financial Results Revenues grew 2.8% to $283.6 million for the quarter ended September 30, 2023, as compared to...
KRC or GTY: Which Is the Better Value Stock Right Now?
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Kilroy Realty (KRC) and Getty Realty (GTY). But which of these two stocks offers value investors a better bang for their buck right now?
Kilroy Realty Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today it will release third quarter 2023 financial results after the market closes on Wednesday, October 25, 2023. The company will hold a conference call to discuss the results at 10:00...
Distressed Office Real Estate: Why Kilroy Realty Is My Go-To Recovery Play
The office industry has been heavily impacted by oversupply and the rise of remote work during the pandemic. Kilroy Realty Corporation stands out in the industry with its focus on high-quality, modern offices for major tech and investment grade tenants....
Billionaire Commercial Real Estate Investor Says 'The Worst Is Yet To Come'
Commercial real estate market is just beginning to experience the pain of the correction, according to billionaire investor Jeff Greene. Office buildings are expected to be the hardest hit, with declining leasing volume and potential defaults on loans. Retail, industrial,...
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 October 11, 2023 to stockholders of record on September 29, 2023. 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)
Best office REIT stocks to buy as a golden cross forms
Office Real Estate Investment Trust (REIT) companies are facing numerous challenges this year. Interest rates have jumped to a 22-year high, lowering their appeal among income investors.
Kilroy Realty to Participate in the Bank of America 2023 Global Real Estate Conference
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, the "company", "Kilroy") announced today that members of the Company's senior management will participate in a roundtable discussion at the Bank of America 2023 Global Real Estate Conference on Tuesday, September 12, 2023....
Here's How Kilroy Realty Can Afford Its 5.9% Dividend Yield
Kilroy's dividend is well-covered and the stock is cheap. A weakening labor market could be the catalyst to push employees back to the office.
Source: https://incomestatements.info
Category: Stock Reports