earnings
confidence high
sentiment positive
materiality 0.65
Kilroy Realty Q1 FFO $1.16/sh vs $0.98 YoY; guides FY22 FFO $4.44-$4.58
KILROY REALTY CORP
2022-Q1 EPS reported
$0.45
revenue$265,501,000
- Net income $0.45/diluted share, revenues $265.5M; FFO per share $1.16 vs $0.98 prior year.
- Stabilized portfolio 91.3% occupied, 93.1% leased; signed 183k sf leases with 32.9% GAAP rent growth.
- Acquired 2.9-acre Austin land for $40M; commenced two life science redevelopments in San Diego.
- Updated FY22 FFO guidance to $4.44-$4.58 midpoint $4.51; liquidity ~$1.3B, no maturities until Dec 2024.
- Total development spending expected $500M-$575M in 2022; Same Store Cash NOI growth guided 5-6%.