KILROY REALTY CORP

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.

Kilroy Realty Corporation announced the departure of Jeffrey Kuehling, Executive Vice President, Chief Financial Officer, and Treasurer, effective August 11, 2026. His departure is considered a termination without Cause, entitling him to severance payments and benefits. Eliott Trencher, who previously served as CFO, has been appointed as Interim Chief Financial Officer and Treasurer while the company conducts an external search for a permanent replacement. The company also reaffirmed its 2026 guidance.

Kilroy Realty reported a significant decrease in net income for Q2 2026, with net income available to common stockholders falling to $19.9 million ($0.17 EPS) from $68.4 million ($0.58 EPS) in Q2 2025. For the first six months of 2026, net income was $0.6 million ($0.01 EPS), down from $107.5 million ($0.91 EPS) in H1 2025, partly due to a $61.8 million impairment charge on residential properties. The company generated $330.3 million from dispositions, repaid $50.0 million in senior notes, and expanded its revolving credit facility to $1.25 billion.

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.

Kilroy Realty Corporation's operating partnership, Kilroy Realty, L.P., has recast and expanded its credit facilities. This includes a new $1.25 billion senior unsecured revolving credit facility and an amended $250 million senior unsecured term loan facility. The company extended the maturity dates for both facilities, improved pricing, and increased its total available borrowing capacity, enhancing its liquidity and financial flexibility for general corporate purposes, including acquisitions and development projects.

Kilroy Realty Corporation's stockholders approved an amended and restated 2006 Incentive Award Plan at its 2026 Annual Meeting, increasing the aggregate share limit by an additional 1,700,000 shares to a total of 14,320,000 shares. Additionally, all director nominees were elected, executive compensation was approved on an advisory basis, and Deloitte & Touche LLP was ratified as the independent auditor for the fiscal year ending December 31, 2026.

KILROY REALTY CORP reported a net loss of $(19.3) million for Q1 2026, a significant decline from a net income of $39.0 million in Q1 2025. This loss was primarily driven by a $61.8 million impairment charge on two residential properties classified as held for sale, which were subsequently sold in April for $202.0 million. The company also generated $23.5 million in gains from the sale of four operating properties for a gross sales price of $145.5 million. Operating cash flow improved to $150.7 million, and the company maintained $1.1 billion in available borrowing capacity.

Kilroy Realty Corporation reported Q1 2026 financial results, with FFO of $0.91 per diluted share and a net loss of $(0.16) per diluted share. Despite the decline in Q1 earnings year-over-year, the company achieved its strongest first-quarter leasing activity since 2017, totaling 568,000 square feet. KRC also raised its full-year 2026 FFO guidance to $3.49-$3.63 per diluted share and completed approximately $350 million in non-core property sales year-to-date, while repurchasing $72.7 million in common stock.