---
schema_version: "secwatch.filing_event.v1"
accession: "0001025996-25-000136"
form_type: "8-K"
ticker: "KRC"
cik: "0001025996"
company_name: "KILROY REALTY CORP"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T16:12:16.211768+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kilroy Realty Q1 FFO $1.02/sh, net income $0.33/sh; reaffirms FY 2025 FFO outlook $3.85-$4.05

## Summary
- Revenue $270.8M (down 2.8% YoY from $278.6M); net income $39.0M ($0.33 diluted) vs $49.9M ($0.42) YoY.
- FFO $122.3M ($1.02/share) vs $133.7M ($1.11) YoY; stabilized portfolio 81.4% occupied, 83.9% leased.
- Signed 248k sq ft of leases in Q1; GAAP rents down 15.8%, cash rents down 23.0% on second generation leasing.
- Affirms FY 2025 FFO guidance $3.85-$4.05 per diluted share; net income guidance raised to $128M-$153M from $120M-$145M.
- Post-quarter entered agreement to sell portion of Santa Fe Summit for $38M gross proceeds; expected close in 2026.

## SEC filing metadata
- accession: 0001025996-25-000136
- form_type: 8-K
- ticker: KRC
- cik: 0001025996
- company_name: KILROY REALTY CORP
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025996/000102599625000136/0001025996-25-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025996/000102599625000136/krc-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001025996-25-000136
- JSON: https://secwatch.observer/filing/0001025996-25-000136.json
- Plain text: https://secwatch.observer/filing/0001025996-25-000136.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.