KILROY REALTY CORP

Listed Company

KRCCIK 0001025996NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.11B

Net Income

$302.64M

Total Assets

$10.92B

Equity

$5.42B

Shares Out

116.28M

Op. Cash Flow

$566.31M

KRC$40.23+9.53% · past yearDBEQ Basic

Daily closing prices

Business

Kilroy Realty Corporation is a self-administered REIT that owns, develops, acquires, and manages premier office, life science, and mixed-use properties in the United States. The company operates a stabilized portfolio of office and residential properties across premier markets including the San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin. Kilroy Realty generates revenue primarily through long-term leases to technology, life science, healthcare, and media companies, with technology tenants representing a majority of office portfolio annualized base rental revenues.

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental income	1,094	1,118	1,118	1,086	949
Other property income	19	18	12	11	6
Total revenues	1,113	1,136	1,130	1,097	955
Property expenses	244	243	229	203	166
Real estate taxes	108	109	106	106	93
Ground leases	12	12	10	8	7
General and administrative expenses	73	71	94	94	93
Leasing costs	10	9	7	5	3
Depreciation and amortization	355	356	355	358	310
Total expenses	802	800	801	772	672
Interest income	7	38	23	2	4
Interest expense	−126	−145	−114	−84	—
Other income (expense)	168,000	−992,000	830,000	—	—
Gains on sales of depreciable operating properties	127	0	0	17	463
Impairment of real estate assets	−16	0	0	—	—
Gain on sale of long-lived assets	0	6	0	0	—
Total other expenses	−8	−103	−91	−65	376
Net income	303	233	238	259	659
Net income attributable to noncontrolling common units of the Operating Partnership	−3	−2	−2	−2	−6
Net income attributable to noncontrolling interests in consolidated property partnerships	−24	−20	−24	−25	−25
Total net income attributable to noncontrolling interests	−27	−22	−26	−27	−31
Net income available to common stockholders	276	211	212	233	628
Net income available to common stockholders per share - basic ( in dollars per share)	2.33	1.78	1.8	1.98	5.38
Net income available to common stockholders per share - diluted (in dollars per share)	2.32	1.77	1.8	1.97	5.36
Weighted average common units outstanding - basic (in shares)	118	118	117	117	116
Weighted average shares of common stock outstanding diluted (in shares)	119	118	118	117	117

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	1,642	1,751	1,743	1,738	1,732
Buildings and improvements	8,505	8,599	8,464	8,302	7,544
Undeveloped land and construction in progress	2,388	2,310	2,035	1,692	2,017
Total real estate assets held for investment	12,535	12,659	12,242	11,732	11,293
Accumulated depreciation and amortization	−2,844	−2,825	−2,518	−2,219	−2,004
Total real estate assets held for investment, net	9,691	9,835	9,723	9,513	9,289
Real estate and other assets held for sale, net	115	0	—	—	—
Cash and cash equivalents	179	166	510	347	414
Marketable securities	31	28	285	24	27
Current receivables (net of allowances of $244 and $314 as of December 31, 2025 and 2024, respectively)	13	11	14	21	14
Deferred rent receivables, net	425	452	461	452	406
Deferred leasing costs and acquisition-related intangible assets, net	278	226	—	—	—
Right of use ground lease assets, net	128	129	126	127	127
Prepaid expenses and other assets, net	55	52	53	62	58
Total assets	10,915	10,898	11,401	10,797	10,583
Secured debt, net	600	600	600	200	200
Unsecured debt, net	3,997	4,000	4,325	4,020	3,820
Accounts payable, accrued expenses, and other liabilities	289	285	371	392	391
Ground lease liabilities	128	128	—	—	—
Accrued dividends and distributions	65	65	64	64	62
Deferred revenue and acquisition-related intangible liabilities, net	126	142	174	196	171
Rents received in advance and tenant security deposits	76	71	79	81	75
Liabilities related to real estate assets held for sale	5	0	—	—	—
Total liabilities	5,277	5,289	5,741	5,122	4,894
Commitments and contingencies (Note 17)	—	—	—	—	—
Common stock, $.01 par value, 280,000,000 shares authorized, 118,372,451 and 118,046,674 shares issued and outstanding	1	1	1	1	1
Additional paid-in capital	5,231	5,210	5,206	5,171	5,155
Retained earnings	189	171	221	265	284
Total stockholders equity	5,421	5,382	5,428	5,437	5,440
Common units of the Operating Partnership	52	52	53	54	54
Consolidated property partnerships	165	174	—	—	—
Total noncontrolling interests	217	227	232	238	250
Total equity	5,638	5,609	5,660	5,675	5,690
Total liabilities and equity	10,915	10,898	11,401	10,797	10,583

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of real estate assets and leasing costs	349	350	348	351	304
Depreciation of non-real estate furniture, fixtures, and equipment	6	6	7	7	6
Revenues deemed uncollectible	2	2	12	—	—
Non-cash amortization of deferred revenue related to tenant-funded tenant improvements	−15	−18	−19	−19	−17
Straight-line rents, net	12	3	−19	−46	−54
Non-cash amortization of net below-market rents	−3	−4	−7	−10	−7
Non-cash amortization of deferred financing costs and debt discounts	5	7	5	4	3
Non-cash amortization of share-based compensation awards	19	18	37	28	34
Amortization of right of use ground lease assets	1	1	1	772,000	1
Impairment of real estate assets	16	0	0	—	—
Gain on sale of long-lived assets	0	−6	0	0	—
Net change in other operating assets	−11	2	2	−13	−6
Net change in other operating liabilities	11	−54	−3	48	43
Net cash provided by operating activities	566	541	603	592	516
Expenditures for development and redevelopment properties and undeveloped land	−175	−366	−446	−454	−553
Expenditures for operating properties and other capital assets	−116	−100	−97	−93	−121
Expenditures for acquisitions of operating properties	−397	−35	0	0	−537
Net proceeds received from dispositions of real estate assets	448	0	0	33	1,049
Net proceeds received from disposition of long-lived assets	0	19	0	0	—
Maturity (Purchases) of certificates of deposit	0	257	−257	—	—
Net cash used in investing activities	−240	−225	−800	−553	−748
Distributions to noncontrolling interests in consolidated property partnerships	−33	−24	−30	−36	−28
Dividends and distributions paid to common stockholders and common unitholders	−258	−256	−255	−248	−237
Taxes paid upon net share settlement of restricted share units	−7	−28	−12	−23	−22
Financing costs	−5	−19	−11	−6	−12
Principal payments and repayments of secured debt	−6	−6	−6	−6	−5
Proceeds from the issuance of unsecured debt	396	396	0	0	450
Proceeds from the issuance of secured debt	0	0	375	0	0
Repayments of unsecured debt	−400	−724	0	0	−312
Borrowings on unsecured debt	0	0	320	200	0
Repurchases of unsecured debt	0	0	−21	0	0
Borrowings on unsecured revolving credit facility	65	0	0	0	0
Repayments on unsecured revolving credit facility	−65	0	0	0	0
Net cash (used in) provided by financing activities	−313	−661	361	−119	−165
Net increase (decrease) in cash and cash equivalents and restricted cash	14	−344	163	−80	−396

Filings

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Frequently asked questions

What is KILROY REALTY CORP's CIK number?

KILROY REALTY CORP's SEC CIK number is 0001025996 (1025996). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find KILROY REALTY CORP's SEC filings?

All of KILROY REALTY CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did KILROY REALTY CORP last report earnings?

KILROY REALTY CORP (KRC) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-027543). This is KILROY REALTY CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is KILROY REALTY CORP's most recent earnings 8-K?

KILROY REALTY CORP's latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001628280-26-027543. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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