earnings
confidence high
sentiment positive
materiality 0.75
Kilroy Realty Q4 FFO $1.05/share; guides FY2022 FFO $4.35-$4.55
KILROY REALTY CORP
2021-FY EPS reported
$5.36
revenue$955,040,000
- Q4 net income $0.40/diluted share, FFO $1.05 (both incl $0.11 early debt charge). Revenue $261.1M.
- Stabilized portfolio 91.9% occupied, 93.9% leased; signed 312K sq ft leases at +20.2% GAAP, +6.9% cash rent bumps.
- FY2022 FFO guidance $4.35-$4.55; Same Store Cash NOI growth 4.5%-5.5%; year-end occupancy ~91%-92%.
- Issued $450M 2.65% green bonds due 2033; redeemed $300M 3.80% notes early; liquidity ~$1.4B.
- Completed $1.1B capital recycling (sold The Exchange, acquired Indeed Tower); dividend increased 4% to $2.08/share.