Quarterly ResultOct 22, 2026, 05:01 PM
Kilroy Realty Q3 Earnings Down YoY; Updates FFO Guidance
AI Summary
Kilroy Realty Corporation reported its third quarter 2026 financial and operational results. Revenues decreased to $271.6 million from $279.7 million year-over-year, and net income available to common stockholders fell to $15.5 million ($0.13/share) from $156.2 million ($1.31/share). Funds from operations also declined to $104.6 million ($0.88/share) from $130.6 million ($1.08/share). Despite the financial dip, the company highlighted strong leasing momentum, signing over 800,000 square feet of leases, and updated its full-year FFO guidance upwards. The company also repaid $200 million in debt and declared its regular quarterly dividend.
Key Highlights
- Revenues of $271.6 million for Q3 2026, down from $279.7 million in Q3 2025.
- Net income available to common stockholders was $15.5 million ($0.13/share) in Q3 2026, down from $156.2 million ($1.31/share) in Q3 2025.
- Funds from operations (FFO) were $104.6 million ($0.88/share) in Q3 2026, down from $130.6 million ($1.08/share) in Q3 2025.
- Signed approximately 815,000 square feet of leases in Q3 2026, with strong re-leasing spreads.
- Stabilized Portfolio was 76.9% occupied and 83.0% leased at September 30, 2026.
- Repaid $200.0 million of Senior Notes Series B in July 2026.
- Declared a quarterly cash dividend of $0.54 per share.
- Updated full-year 2026 FFO per share guidance to $3.55-$3.59 from $3.49-$3.63.
Price Impact
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