earnings
confidence high
sentiment negative
materiality 0.75
Kilroy Realty Q2 net income $19.9M ($0.17/sh) vs $68.4M; FFO $0.92 vs $1.13; occupancy 77%
KILROY REALTY CORP
- Revenue $272.4M, down from $289.9M YoY; net income $19.9M vs $68.4M; FFO $109.3M vs $135.9M.
- Stabilized portfolio 77.0% occupied, 81.5% leased; 450 bps of signed-not-commenced space.
- Second-gen leasing spreads: GAAP +27.3%, cash +15.6% (excl. space vacant >12 months).
- Sold two residential towers for $202M; amended credit facilities: revolver to $1.25B, term loan to $250M.
- Affirmed FY2026 FFO guidance $3.49-$3.63 per diluted share; quarterly dividend $0.54/sh unchanged.