Quarterly ResultJul 27, 2026, 04:37 PM
Kilroy Realty Q2 Net Income $19.9M, FFO $0.92/Share
AI Summary
Kilroy Realty reported its second quarter 2026 financial and operational results, with revenues of $272.4 million, net income of $19.9 million ($0.17 per diluted share), and FFO of $109.3 million ($0.92 per diluted share). The company saw strong leasing activity, executing nearly 400,000 square feet of leases with significant re-leasing spreads. Kilroy also enhanced financial flexibility through asset dispositions totaling $202.0 million and expanded its unsecured credit facilities, while affirming its full-year 2026 FFO guidance.
Key Highlights
- Net income available to common stockholders was $19.9 million, or $0.17 per diluted share, for Q2 2026.
- Funds from operations (FFO) was $109.3 million, or $0.92 per diluted share, for Q2 2026.
- Revenues for the second quarter ended June 30, 2026, were $272.4 million.
- Stabilized Portfolio was 77.0% occupied and 81.5% leased at June 30, 2026.
- Signed approximately 376,000 square feet of leases during the quarter.
- Re-leasing spreads (excluding space vacant over 12 months) were 27.3% GAAP and 15.6% cash.
- Completed the sale of two residential towers for gross proceeds of $202.0 million.
- Affirmed full-year 2026 FFO per share guidance of $3.49 to $3.63.
Price Impact
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