earnings
confidence high
sentiment positive
materiality 0.75
KRC Q2 EPS $0.30, FFO $0.88, acquires Indeed Tower for $580M, guides 2021 FFO $3.71-$3.82
KILROY REALTY CORP
2021-Q2 EPS reported
$4.56
revenue$461,629,000
- Net income $35.8M ($0.30/diluted) vs $19.6M ($0.17) YoY; FFO $104.6M ($0.88) vs $93.1M ($0.78).
- Acquired Indeed Tower in Austin for $580.2M (734k sf office) and land in San Diego for $42.0M.
- New $1.1B credit facility (from $750M), matures 2025, sustainability-linked; liquidity ~$2.0B.
- 2021 FFO guidance $3.71-$3.82/share; same-store cash NOI growth 2.0%-2.5%; year-end occupancy ~91.5%.
- Stabilized portfolio 91.8% occupied, 93.6% leased; collected 97% of Q2 contractual rents.