secwatch.observer — SEC 8-K summary
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Issuer:     KILROY REALTY CORP (KRC)
CIK:        0001025996
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001025996-25-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025996/000102599625000136/0001025996-25-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025996/000102599625000136/krc-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001025996-25-000136

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