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Stock impact report

Kilroy Realty Corporation Reports First Quarter Financial Results

Kilroy Realty Corporation (KRC) 
Last kilroy realty corporation earnings: 4/29 05:08 pm Check Earnings Report
US:NYSE Investor Relations: kilroyrealty.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) today reported financial results for its first quarter ended March 31, 2024.First Quarter HighlightsFinancial ResultsRevenues of $278.6 millionNet income available to common stockholders of $0.42 per diluted shareFunds from operations available to common stockholders and unitholders (“FFO”) of $133.7 million, or $1.11 per diluted shareLeasing and OccupancyStabilized portfolio was 84.2% occupied and 85.7% leased at March 31, 2024Signed approximately 400,000 square feet of leases, inclusive of 116,000 square feet of short-term leases, comprised of 161,000 square feet of new leasing on previously vacant space, 79,000 square feet of new leasing on currently occupied space, and 160,000 square feet of renewal leasingGAAP rents increased 8.6% and cash rents decreased 2.9% from prior levels on stabilized leasing, excluding short-term leasingBalance Sheet / LiquidityIn January, completed a public offering of $400.0 million Show less Read more
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