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KRCKilroy Realty Corporation
$36.81$4.4B
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KRC logoKilroy Realty Corporation(KRC)Earnings, Financials & Key Ratios

KRC•NYSE•REIT / Real Estate
15.9× P/E·Price updated Jun 19, 2026
SectorReal EstateIndustryOffice REITsSub-IndustrySpecialized Office and Lab REITs
AboutKilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company's approach to modern business environments helps drive creativity, productivity and employee retention for some of the world's leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC's stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.Show more
  • Revenue$1.11B-2.0%
  • FFO$621M+9.3%
  • FFO/Share5.22+8.5%
  • FFO Payout41.52%-8.0%
  • FFO per Share5.22+8.5%
  • NOI Margin67%-0.2%
  • FFO Margin55.82%+11.6%
  • ROE4.91%+31.1%
  • ROA2.53%+33.8%

KRC Key Insights

Kilroy Realty Corporation (KRC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓FFO growing 9.3% TTM
  • ✓Sustainable FFO payout ratio of 41.5%
  • ✓High NOI margin of 67.0%
  • ✓Healthy dividend yield of 5.9%
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 4.1%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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KRC Price & Volume

Kilroy Realty Corporation (KRC) stock price & volume — 10-year historical chart

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KRC Growth Metrics

Kilroy Realty Corporation (KRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.71%
5 Years4.37%
3 Years0.48%
TTM-2.02%

Profit CAGR

10 Years1.66%
5 Years8.09%
3 Years5.88%
TTM30.98%

EPS CAGR

10 Years-0.42%
5 Years7.31%
3 Years5.6%
TTM31.07%

Return on Capital

10 Years3.07%
5 Years3.11%
3 Years3.11%
Last Year2.99%

KRC Recent Earnings

Kilroy Realty Corporation (KRC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 27, 2026
Metric
Actual
Est
EPS
$0.91+543.6%
$0.14
Rev
$270M+2.7%
$263M
Q1 2026
Feb 9, 2026
Metric
Actual
Est
EPS
$0.10-65.7%
$0.29
Rev
$272M+0.4%
$271M
Q4 2025
Oct 27, 2025
Metric
Actual
Est
EPS
$1.09+9.0%
$1.00
Rev
$280M+3.6%
$270M
Q3 2025
Jul 28, 2025
Metric
Actual
Est
EPS
$1.13+11.9%
$1.01
Rev
$290M+6.9%
$271M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 27, 2026
$0.91vs $0.14+543.6%
$270Mvs $263M+2.7%
Q1 2026Feb 9, 2026
$0.10vs $0.29-65.7%
$272Mvs $271M+0.4%
Q4 2025Oct 27, 2025
$1.09vs $1.00+9.0%
$280Mvs $270M+3.6%
Q3 2025Jul 28, 2025
$1.13vs $1.01+11.9%
$290Mvs $271M+6.9%
Based on last 12 quarters of dataView full earnings history →

KRC Peer Comparison

Kilroy Realty Corporation (KRC) competitors in Specialized Office and Lab REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
BXP logoBXPBXP, Inc.Direct Competitor10.27B64.7037.182.19%7.95%3.58%2.26
HIW logoHIWHighwoods Properties, Inc.Direct Competitor3.23B29.2820.19-2.39%11.4%3.76%1.49
CUZ logoCUZCousins Properties IncorporatedDirect Competitor4.65B28.28117.8316%-0.52%-0.11%0.78
DEA logoDEAEasterly Government Properties, Inc.Direct Competitor1.07B23.1679.8611.27%4.27%1.07%1.23
PDM logoPDMPiedmont Office Realty Trust, Inc.Direct Competitor1.12B8.94-13.34-0.93%-20.46%-5.7%1.52
VNO logoVNOVornado Realty TrustDirect Competitor7.11B37.819.001.27%43.99%11.77%1.16
SLG logoSLGSL Green Realty Corp.Direct Competitor3.65B50.56-42.8541.96%-15.25%-3.47%1.83
ARE logoAREAlexandria Real Estate Equities, Inc.Product Competitor8.83B51.03-6.05-2.59%-35.3%-5.03%0.67

Compare KRC vs Peers

Kilroy Realty Corporation (KRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BXP

Most directly comparable listed peer for KRC.

Scale Benchmark

vs PLD

Larger-name benchmark to compare KRC against a more recognizable public peer.

Peer Set

Compare Top 5

vs BXP, HIW, CUZ, DEA

KRC Income Statement

Kilroy Realty Corporation (KRC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue
719M747.3M837.45M898.4M955.04M1.1B1.13B1.14B1.11B
Revenue Growth %
11.89%3.94%12.06%7.28%6.3%14.86%2.98%0.53%-2.02%
Property Operating Expenses
202.76M210.78M253.86M260.72M269.58M321.06M351.07M372.87M367.19M
Net Operating Income (NOI)
516.24M▲ 0%
536.51M▲ 3.9%
583.59M▲ 8.8%
637.68M▲ 9.3%
685.46M▲ 7.5%
775.93M▲ 13.2%
778.62M▲ 0.3%
762.76M▼ 2.0%
745.51M▼ 2.3%
NOI Margin %
71.8%71.79%69.69%70.98%71.77%70.73%68.92%67.17%67%
Operating Expenses
309.74M350.44M361.27M398.57M402.79M451.25M448.71M428.25M430M
G&A Expenses
60.58M90.47M88.14M99.26M92.75M93.64M93.43M72.07M85M
EBITDA
719.09M747.39M496.14M539.24M593.95M640.75M686.21M691.76M660.51M
EBITDA Margin %
100.01%100.01%59.24%60.02%62.19%58.41%60.74%60.91%59.36%
Depreciation & Amortization
512.59M561.31M273.81M300.13M311.28M316.08M356.3M357.25M345M
D&A / Revenue %
71.29%75.11%32.7%33.41%32.59%28.81%31.54%31.46%31.01%
Operating Income
206.51M▲ 0%
186.08M▼ 9.9%
222.32M▲ 19.5%
239.1M▲ 7.5%
282.67M▲ 18.2%
324.68M▲ 14.9%
329.91M▲ 1.6%
334.51M▲ 1.4%
315.51M▼ 5.7%
Operating Margin %
28.72%24.9%26.55%26.61%29.6%29.6%29.2%29.46%28.36%
Interest Expense
66.04M50.28M48.54M70.77M78.56M84.28M114.22M145.29M185M
Interest Coverage
3.73x3.70x5.43x3.93x9.39x4.08x3.09x2.60x2.51x
Non-Operating Income
-40.15M0-41.44M-38.96M-454.8M-19.09M-22.59M-43.73M-148M
Pretax Income
180.62M▲ 0%
277.93M▲ 53.9%
215.23M▼ 22.6%
207.29M▼ 3.7%
658.91M▲ 217.9%
259.49M▼ 60.6%
238.29M▼ 8.2%
232.95M▼ 2.2%
278.51M▲ 19.6%
Pretax Margin %
25.12%37.19%25.7%23.07%68.99%23.66%21.09%20.51%25.03%
Income Tax
000000000
Effective Tax Rate %
0%0%0%0%0%0%0%0%0%
Net Income
164.61M▲ 0%
258.42M▲ 57.0%
195.44M▼ 24.4%
187.1M▼ 4.3%
628.14M▲ 235.7%
232.62M▼ 63.0%
212.24M▼ 8.8%
210.97M▼ 0.6%
276.1M▲ 30.9%
Net Margin %
22.89%34.58%23.34%20.83%65.77%21.2%18.79%18.58%24.81%
Net Income Growth %
-43.97%56.98%-24.37%-4.27%235.72%-62.97%-8.76%-0.6%30.87%
Funds From Operations (FFO)
677.2M▲ 0%
819.73M▲ 21.0%
469.26M▼ 42.8%
487.24M▲ 3.8%
939.43M▲ 92.8%
548.69M▼ 41.6%
568.54M▲ 3.6%
568.22M▼ 0.1%
621.1M▲ 9.3%
FFO Margin %
94.19%109.69%56.03%54.23%98.37%50.02%50.33%50.04%55.82%
FFO Growth %
-8.81%21.05%-42.75%3.83%92.81%-41.59%3.62%-0.06%9.31%
FFO per Share
6.868.164.524.288.034.684.844.815.22
FFO Payout Ratio %
50.31%21.89%41.82%46.09%25.27%45.12%44.93%45.11%41.52%
EPS (Diluted)
1.51▲ 0%
2.57▲ 70.2%
1.41▼ 45.1%
1.63▲ 15.6%
5.36▲ 228.8%
1.97▼ 63.2%
1.80▼ 8.6%
1.77▼ 1.7%
2.32▲ 31.1%
EPS Growth %
-49.16%70.2%-45.14%15.6%228.83%-63.25%-8.63%-1.67%31.07%
EPS (Basic)
1.522.581.421.635.381.981.801.782.32
Diluted Shares Outstanding
98.73M100.48M103.85M113.72M116.95M117.22M117.51M118.16M119.01M

KRC Balance Sheet

Kilroy Realty Corporation (KRC) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets
6.8B7.77B8.9B10B10.58B10.8B11.4B10.9B10.92B
Asset Growth %
1.43%14.15%14.61%12.37%5.83%2.02%5.59%-4.41%0.15%
Real Estate & Other Assets
114.71M52.87M8.23B8.59B9.47B9.7B9.9B10.01B9.89B
PP&E (Net)
39.69M36.83M131.63M138.89M170.06M168.07M162.58M155.54M128.12M
Investment Securities
1000K1000K1000K000000
Total Current Assets
350.79M480M488.24M1.26B887.17M855.07M1.28B677.85M616.88M
Cash & Equivalents
57.65M51.6M60.04M731.99M414.08M347.38M510.16M165.69M179.32M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets
9.15M119.43M16.3M91.14M13.01M000-41.81M
Intangible Assets
37.05M31.47M26.92M14.67M56.54M70.42M54.51M58.57M278.23M
Total Liabilities
2.84B3.56B4.33B4.72B4.89B5.12B5.74B5.29B5.28B
Total Debt
2.35B2.93B3.65B4.02B4.19B4.39B5.05B4.73B4.84B
Net Debt
2.29B2.88B3.59B3.29B3.78B4.04B4.54B4.56B4.67B
Long-Term Debt
2.35B2.93B3.55B3.92B4.07B4.26B4.93B4.6B4.72B
Short-Term Borrowings
000000000
Capital Lease Obligations
0098.4M97.78M125.55M124.99M124.35M128.42M127.63M
Total Current Liabilities
495.46M631.85M678.06M701.93M699.23M734.04M688.62M563.3M145.66M
Accounts Payable
221.34M374.42M418.85M445.1M391.26M392.36M371.18M285.01M288.96M
Deferred Revenue
202.37M209.87M205.99M197.4M246.11M277.39M253M213.44M201.33M
Other Liabilities
349.57M482.2M-205.99M-197.4M0000286.96M
Total Equity
3.96B▲ 0%
4.2B▲ 6.1%
4.57B▲ 8.8%
5.28B▲ 15.5%
5.69B▲ 7.8%
5.67B▼ 0.3%
5.66B▼ 0.3%
5.61B▼ 0.9%
5.64B▲ 0.5%
Equity Growth %
5.35%6.08%8.8%15.46%7.82%-0.26%-0.27%-0.9%0.51%
Shareholders Equity
3.7B3.93B4.29B5.03B5.44B5.44B5.43B5.38B5.42B
Minority Interest
259.52M271.35M277.35M247.38M249.81M237.91M231.53M226.82M216.94M
Common Stock
986K1.01M1.06M1.16M1.17M1.17M1.17M1.18M1.18M
Additional Paid-in Capital
3.82B3.98B4.35B5.13B5.16B5.17B5.21B5.21B5.23B
Retained Earnings
-122.69M-48.05M-58.47M-103.13M283.66M265.12M221.15M171.21M188.88M
Preferred Stock
122.69M48.05M0000000
Return on Assets (ROA)
2.44%3.55%2.35%1.98%6.1%2.18%1.91%1.89%2.53%
Return on Equity (ROE)
4.26%6.33%4.46%3.8%11.46%4.09%3.74%3.74%4.91%
Debt / Assets
34.5%37.76%41.02%40.21%39.63%40.64%44.32%43.37%44.39%
Debt / Equity
0.59x0.70x0.80x0.76x0.74x0.77x0.89x0.84x0.86x
Net Debt / EBITDA
3.18x3.85x7.24x6.10x6.36x6.31x6.62x6.59x7.06x
Book Value per Share
40.1141.8144.0146.4148.6548.4148.1747.4747.37

KRC Cash Flow Statement

Kilroy Realty Corporation (KRC) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
347.01M410.04M386.52M455.59M516.4M592.24M602.59M541.15M566.31M
Operating CF Growth %
0.57%18.16%-5.74%17.87%13.35%14.68%1.75%-10.2%4.65%
Operating CF / Revenue %
48.26%54.87%46.15%50.71%54.07%53.99%53.34%47.65%50.9%
Net Income
180.62M277.93M215.23M207.29M658.91M259.49M238.29M232.95M276.12M
Depreciation & Amortization
245.89M254.28M273.81M300.13M311.28M358.38M356.3M357.25M349.27M
Stock-Based Compensation
-8.53M-9.75M27.01M30.25M33.8M28.35M36.86M17.71M19.09M
Other Non-Cash Items
-46.8M-44.32M-139.23M-106.56M-524.51M-89.82M-28.34M-14.64M-77.37M
Working Capital Changes
-11.84M40.41M9.7M24.48M36.92M35.84M-521K-52.13M-798K
Cash from Investing
-359.1M-808.91M-1.23B-542.13M-747.88M-553.19M-800.4M-225.04M-240.03M
Acquisitions (Net)
182.49M364.3M124.42M73.94M1.05B33.42M000
Purchase of Investments
-505.69M-1.22B0000-256.58M-500.98M0
Sale of Investments
182.49M379.4M00000275.94M447.94M
Other Investing
-35.9M51.1M00000500.98M0
Cash from Financing
-171.24M503.11M747.07M833.32M-164.57M-118.75M360.6M-660.58M-312.66M
Dividends Paid
-348.11M-179.41M-196.25M-224.58M-237.35M-247.56M-255.43M-256.31M-257.86M
Common Dividends
-340.7M-179.41M-196.25M-224.58M-237.35M-247.56M-255.43M-256.31M-257.86M
Debt Issuance (Net)
1000K1000K1000K1000K1000K1000K1000K-1000K-1000K
Share Repurchases
-212.99M-16.55M-14.56M-14.08M-21.89M-22.93M-11.6M-27.64M-6.55M
Other Financing
38.74M-9.75M-18.93M-21.84M-37.69M-42.7M-41.02M-42.43M-33.16M
Net Change in Cash
-183.33M▲ 0%
104.24M▲ 156.9%
-94.69M▼ 190.8%
746.79M▲ 888.7%
-396.05M▼ 153.0%
-79.7M▲ 79.9%
162.78M▲ 304.2%
-344.47M▼ 311.6%
13.63M▲ 104.0%
Exchange Rate Effect
000000000
Cash at Beginning
250.13M66.8M171.03M76.34M823.13M427.08M347.38M510.16M165.69M
Cash at End
66.8M171.03M76.34M823.13M427.08M347.38M510.16M165.69M179.32M
Free Cash Flow
-158.68M▲ 0%
-814.27M▼ 413.1%
-966.18M▼ 18.7%
-160.47M▲ 83.4%
-1.28B▼ 698.5%
5.63M▲ 100.4%
58.77M▲ 944.6%
40.17M▼ 31.6%
-121.65M▼ 402.8%
FCF Growth %
70.89%-413.15%-18.66%83.39%-698.51%100.44%944.61%-31.65%-402.84%
FCF / Revenue %
-22.07%-108.96%-115.37%-17.86%-134.17%0.51%5.2%3.54%-10.93%

KRC Key Ratios

Kilroy Realty Corporation (KRC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share
7.986.868.164.524.288.034.684.844.815.22
FFO Payout Ratio
18.51%50.31%21.89%41.82%46.09%25.27%45.12%44.93%45.11%41.52%
NOI Margin
73.14%71.8%71.79%69.69%70.98%71.77%70.73%68.92%67.17%67%
Net Debt / EBITDA
3.30x3.18x3.85x7.24x6.10x6.36x6.31x6.62x6.59x7.06x
Debt / Assets
34.59%34.5%37.76%41.02%40.21%39.63%40.64%44.32%43.37%44.39%
Interest Coverage
6.44x3.73x3.70x5.43x3.93x9.39x4.08x3.09x2.60x2.51x
Book Value / Share
40.4140.1141.8144.0146.4148.6548.4148.1747.4747.37
Revenue Growth
10.55%11.89%3.94%12.06%7.28%6.3%14.86%2.98%0.53%-2.02%
Related:KRC Dividend History·KRC Revenue History·KRC Price History·KRC P/E History·KRC Financial Ratios·KRC Institutional Holders

KRC SEC Filings & Documents

Kilroy Realty Corporation (KRC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 27, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Feb 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

4
FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

FY 2025

May 6, 2025·SEC

KRC Frequently Asked Questions

Kilroy Realty Corporation (KRC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Kilroy Realty Corporation (KRC) reported $1.11B in revenue for fiscal year 2025. This represents a 2740% increase from $39.2M in 1996.

Kilroy Realty Corporation (KRC) saw revenue decline by 2.0% over the past year.

Yes, Kilroy Realty Corporation (KRC) is profitable, generating $276.1M in net income for fiscal year 2025 (24.8% net margin).

Dividend & Returns

Yes, Kilroy Realty Corporation (KRC) pays a dividend with a yield of 5.89%. This makes it attractive for income-focused investors.

Kilroy Realty Corporation (KRC) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics

Kilroy Realty Corporation (KRC) generated Funds From Operations (FFO) of $621.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Kilroy Realty Corporation (KRC) offers a 5.89% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in KRC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in KRC be worth today?

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