Kilroy Realty Corporation (KRC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 270.05M | 272.22M | 279.74M | 289.89M | 270.84M | 286.38M | 289.94M | 280.73M | 278.58M | 269.02M | 283.59M | 284.28M | 292.8M | 284.34M | 275.96M | 271.18M | 265.5M | 261.08M | 232.33M | 225.98M |
| Revenue Growth % | -0.29% | -4.94% | -3.52% | 3.26% | -2.78% | 6.45% | 2.24% | -1.25% | -4.86% | -5.39% | 2.77% | 4.83% | 10.28% | 8.91% | 18.78% | 20% | 12.67% | 13.85% | 1.76% | 2.99% |
| Property Operating Expenses | 283.23M | 90.31M | 93.27M | 90.64M | 92.97M | 92.28M | 95.6M | 93.4M | 91.59M | 86.25M | 92.05M | 87.02M | 85.75M | 85.97M | 82.28M | 78.68M | 74.13M | 69.94M | 67.5M | 65.5M |
| Net Operating Income (NOI) | -13.18M | 181.91M | 186.47M | 199.26M | 177.87M | 194.1M | 194.34M | 187.33M | 186.99M | 182.77M | 191.54M | 197.26M | 207.05M | 198.37M | 193.68M | 192.51M | 191.37M | 191.15M | 164.82M | 160.49M |
| NOI Margin % | -4.88% | 66.82% | 66.66% | 68.73% | 65.67% | 67.78% | 67.03% | 66.73% | 67.12% | 67.94% | 67.54% | 69.39% | 70.71% | 69.77% | 70.19% | 70.99% | 72.08% | 73.21% | 70.95% | 71.02% |
| Operating Expenses | -73.93M | 114.15M | 105.73M | 106.1M | 104.02M | 106.59M | 109.94M | 105.97M | 105.32M | 108.09M | 109.98M | 113.02M | 117.61M | 116.61M | 104.66M | 118.53M | 111.44M | 110.58M | 96.2M | 98.1M |
| G&A Expenses | 20.7M | 31.38M | 18.25M | 18.48M | 16.9M | 17.47M | 18.07M | 18.82M | 17.29M | 22.08M | 24.76M | 22.66M | 23.94M | 25.22M | 23.52M | 22.12M | 22.78M | 23.27M | 22.99M | 24.51M |
| EBITDA | 155.09M | 150.25M | 168.5M | 180.51M | 161.24M | 176.9M | 176.54M | 168.77M | 169.96M | 160.95M | 167.04M | 174.85M | 183.37M | 173.34M | 170.04M | 170.75M | 168.67M | 168.24M | 141.84M | 135.98M |
| EBITDA Margin % | 57.43% | 55.2% | 60.24% | 62.27% | 59.53% | 61.77% | 60.89% | 60.12% | 61.01% | 59.83% | 58.9% | 61.51% | 62.63% | 60.96% | 61.62% | 62.96% | 63.53% | 64.44% | 61.05% | 60.17% |
| Depreciation & Amortization | 94.34M | 82.49M | 87.77M | 87.35M | 87.39M | 89.39M | 92.15M | 87.42M | 88.29M | 86.28M | 85.48M | 90.62M | 93.93M | 91.57M | 81.02M | 96.77M | 88.66M | 87.66M | 73.21M | 73.59M |
| D&A / Revenue % | 34.94% | 30.3% | 31.37% | 30.13% | 32.27% | 31.21% | 31.78% | 31.14% | 31.69% | 32.07% | 30.14% | 31.88% | 32.08% | 32.21% | 29.36% | 35.69% | 33.39% | 33.58% | 31.51% | 32.56% |
| Operating Income | 60.75M | 67.76M | 80.74M | 93.16M | 73.85M | 87.51M | 84.39M | 81.35M | 81.67M | 74.67M | 81.56M | 84.24M | 89.44M | 81.76M | 89.02M | 73.97M | 80.01M | 80.57M | 68.62M | 62.39M |
| Operating Margin % | 22.49% | 24.89% | 28.86% | 32.13% | 27.27% | 30.56% | 29.11% | 28.98% | 29.32% | 27.76% | 28.76% | 29.63% | 30.55% | 28.75% | 32.26% | 27.28% | 30.13% | 30.86% | 29.54% | 27.61% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.62x | 1.11x | 6.05x | 3.58x | 2.40x | 2.96x | 2.58x | 2.48x | 2.43x | 2.64x | 2.97x | 3.32x | 3.54x | 3.53x | 5.34x | 3.68x | 3.88x | 3.94x | 4.32x | 3.00x |
| Non-Operating Income | 36.91M | -33.33M | -113.69M | -17.26M | -977K | -10.77M | -9.69M | -9.96M | -12.9M | -10.7M | -7.01M | -3.42M | -1.46M | -1.26M | -17.62M | -125K | 0 | 6.72M | -976K | -1.88M |
| Pretax Income | -14.67M | -7.02M | 162.28M | 79.57M | 43.68M | 65.03M | 57.67M | 54.55M | 55.7M | 53.05M | 58.74M | 61.27M | 65.23M | 59.48M | 86.66M | 53.98M | 59.38M | 55.13M | 53.49M | 42.88M |
| Pretax Margin % | -5.43% | -2.58% | 58.01% | 27.45% | 16.13% | 22.71% | 19.89% | 19.43% | 19.99% | 19.72% | 20.71% | 21.55% | 22.28% | 20.92% | 31.4% | 19.9% | 22.37% | 21.11% | 23.02% | 18.97% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -19.27M | 12.42M | 156.22M | 68.45M | 39.01M | 59.28M | 52.38M | 49.21M | 49.92M | 47.28M | 52.76M | 55.59M | 56.61M | 52.63M | 79.76M | 47.1M | 53.13M | 47.65M | 47.03M | 35.84M |
| Net Margin % | -7.13% | 4.56% | 55.84% | 23.61% | 14.4% | 20.7% | 18.07% | 17.53% | 17.92% | 17.58% | 18.6% | 19.55% | 19.33% | 18.51% | 28.9% | 17.37% | 20.01% | 18.25% | 20.24% | 15.86% |
| Net Income Growth % | -149.39% | -79.05% | 198.25% | 39.09% | -21.86% | 25.38% | -0.73% | -11.47% | -11.81% | -10.15% | -33.85% | 18.01% | 6.55% | 10.45% | 69.59% | 31.44% | -89.32% | -39.41% | -4.08% | 82.68% |
| Funds From Operations (FFO) | 75.08M | 94.91M | 243.99M | 155.8M | 126.4M | 148.68M | 144.53M | 136.63M | 138.21M | 133.56M | 138.24M | 146.2M | 150.54M | 144.2M | 160.78M | 143.88M | 141.79M | 135.31M | 120.24M | 109.43M |
| FFO Margin % | 27.8% | 34.87% | 87.22% | 53.74% | 46.67% | 51.92% | 49.85% | 48.67% | 49.61% | 49.65% | 48.75% | 51.43% | 51.41% | 50.71% | 58.26% | 53.06% | 53.4% | 51.83% | 51.76% | 48.42% |
| FFO Growth % | -40.6% | -36.16% | 68.82% | 14.03% | -8.55% | 11.32% | 4.54% | -6.55% | -8.19% | -7.38% | -14.02% | 1.62% | 6.17% | 6.57% | 33.71% | 31.48% | -75.29% | -10.76% | -0.71% | 9.53% |
| FFO per Share | 0.64 | 0.80 | 2.06 | 1.31 | 1.07 | 1.25 | 1.22 | 1.16 | 1.17 | 1.13 | 1.18 | 1.25 | 1.28 | 1.23 | 1.37 | 1.23 | 1.21 | 1.16 | 1.03 | 0.94 |
| FFO Payout Ratio % | 85.96% | 67.96% | 26.44% | 41.39% | 50.92% | 43.29% | 44.29% | 46.84% | 46.26% | 47.87% | 46.22% | 43.68% | 42.34% | 44.2% | 38.17% | 42.6% | 43.14% | 45.2% | 48.9% | 53.73% |
| EPS (Diluted) | -0.16 | 0.11 | 1.31 | 0.57 | 0.33 | 0.50 | 0.44 | 0.41 | 0.42 | 0.40 | 0.45 | 0.47 | 0.34 | 0.31 | 0.68 | 0.40 | 0.45 | 0.40 | 0.40 | 0.30 |
| EPS Growth % | -148.48% | -78% | 197.73% | 39.02% | -21.43% | 25% | -2.22% | -12.77% | 23.53% | 29.03% | -33.82% | 17.5% | -24.44% | -22.5% | 70% | 33.33% | -89.44% | -40.3% | -4.76% | 76.47% |
| EPS (Basic) | -0.16 | 0.11 | 1.32 | 0.58 | 0.33 | 0.50 | 0.44 | 0.41 | 0.42 | 0.40 | 0.45 | 0.47 | 0.34 | 0.31 | 0.68 | 0.40 | 0.46 | 0.41 | 0.40 | 0.30 |
| Diluted Shares Outstanding | 117.64M | 119.01M | 118.72M | 118.67M | 118.66M | 118.76M | 118.24M | 117.66M | 117.96M | 117.82M | 117.5M | 117.36M | 117.41M | 117.39M | 117.24M | 117.18M | 117.06M | 117.11M | 116.96M | 116.92M |