secwatch.observer — SEC 8-K summary
======================================

Issuer:     KILROY REALTY CORP (KRC)
CIK:        0001025996
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001025996-24-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kilroy Realty Q4 EPS $0.40, FFO $1.08; guides FY2024 FFO $4.10-$4.25; CEO transition
--------------------------------------------------------------------------------

- Q4 net income $0.40 diluted EPS; FFO $1.08 per share; revenue $269M.
- Stabilized portfolio 85% occupied, 86.4% leased; Q4 leasing volume 588k sf, highest since Q2 2019.
- FY2024 FFO guidance $4.10-$4.25 per share; assumes same store cash NOI down 4-6%, avg occupancy 82.5-84%.
- John Kilroy retired as CEO Jan 21, 2024; Angela Aman succeeded as CEO and joined Board.
- Completed $400M senior notes offering at 6.250% due 2036 on Jan 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025996/000102599624000067/0001025996-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025996/000102599624000067/krc-20240205.htm
  HTML page:      https://secwatch.observer/filing/0001025996-24-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer