earnings
confidence high
sentiment positive
materiality 0.75
Kilroy Realty Q3 FFO $1.17/share (+4.5% YoY); raises FY2024 guidance midpoint to $4.41
KILROY REALTY CORP
2024-Q3 EPS reported
$1.27
revenue$849,250,000
- Revenue $289.9M (+2.2% YoY); net income $0.44 diluted EPS vs $0.45 YoY.
- FFO $1.17 per diluted share vs $1.12 YoY, a 4.5% increase.
- Stabilized portfolio 84.3% occupied, 85.8% leased; signed 436k sq ft of leases.
- Acquired Junction at Del Mar (104k sq ft, 96% leased) for $35M adjacent to One Paseo.
- FY2024 FFO guidance raised to $4.38-$4.44 per share (midpoint $4.41); same-store NOI guided -1.5% to -2%.