earnings
confidence high
sentiment neutral
materiality 0.65
Kilroy Realty Q1 FFO $1.11/share, rev $278.6M; FY FFO guidance raised to $4.15-$4.30
KILROY REALTY CORP
2024-Q1 EPS reported
$0.42
revenue$278,581,000
- Q1 net income $0.42 diluted EPS; FFO $1.11 per share ($133.7M total).
- Stabilized portfolio 84.2% occupied, 85.7% leased; 400k sf signed, GAAP rents +8.6%, cash rents -2.9%.
- Issued $400M 6.25% notes due 2036; recast $1.1B credit facility to 2028; $500M share repurchase program.
- Quarterly dividend maintained at $0.54/share ($2.16 annual).
- FY2024 FFO guidance raised to $4.15-$4.30 per share (midpoint $4.23) vs prior $4.10-$4.25.