earnings
confidence high
sentiment positive
materiality 0.75
Kilroy Realty Q3 2022: FFO $1.17/sh (+20% YoY), revenue $276M (+19%), dividend raised 3.8% to $0.54
KILROY REALTY CORP
2022-Q3 EPS reported
$1.53
revenue$812,643,000
- FFO of $139.7M or $1.17 per diluted share, up 20% from Q3 2021; net income $79.8M ($0.68/sh) including $0.15 gain on sale.
- Stabilized portfolio 90.8% occupied, 92.6% leased; signed 132k SF leases in Q3 with GAAP rent +16.8%.
- Completed sale of 3130 Wilshire for $48M; total liquidity ~$1.6B.
- Increased quarterly dividend by 3.8% to $0.54/sh ($2.16 annualized); new $400M term loan with $200M draw.
- Updated 2022 FFO guidance to $4.62-$4.68 per share (midpoint $4.65); same-store cash NOI growth 6.0%-6.5%.