earnings
confidence high
sentiment positive
materiality 0.75
Kilroy Realty Q2 FFO $1.17, revenue $271M, raises 2022 FFO guidance to $4.53-$4.63
KILROY REALTY CORP
2022-Q2 EPS reported
$0.85
revenue$536,685,000
- Revenue $271.2M (+20% YoY); net income $47.1M ($0.40 diluted EPS), up 32% YoY.
- FFO $139.4M ($1.17/diluted share), up 33% from $0.88 in Q2 2021.
- Stabilized portfolio 91.4% occupied, 93.7% leased; signed 249K sq ft leases with GAAP rents +35.3%.
- Full-year 2022 FFO guidance $4.53-$4.63 per share; same-store cash NOI growth expected 5%-6%.
- Liquidity $1.2B (incl. $1.1B revolver); no significant debt maturities until Dec 2024; dividend $0.52/share quarterly.