KRC 📈 Kilroy Realty - Overview

Kilroy Realty Corporation, listed on the New York Stock Exchange as KRC, operates as a prominent landlord and developer across key U.S. markets, including San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle, and Austin. With a strong commitment to sustainability, the company has garnered international recognition for its innovative approaches to building operations, design, and overall business practices. This forward-thinking strategy enables Kilroy to create modern, efficient, and inspiring work environments that foster creativity and productivity among its tenants, which include some of the world's most influential technology, entertainment, life science, and business services companies.

As a publicly traded real estate investment trust (REIT) and a member of the S&P MidCap 400 Index, Kilroy Realty Corporation brings over seven decades of experience to the table, specializing in the development, acquisition, and management of office, life science, and mixed-use projects. The company's extensive portfolio, as of December 31, 2023, comprised approximately 17.0 million square feet of office and life science space, with an occupancy rate of 85.0% and a lease rate of 86.4%. Additionally, Kilroy's residential segment includes about 1,000 units in Hollywood and San Diego, achieving a quarterly average occupancy of 92.5%. The company is also engaged in several redevelopment and development projects, including two life science projects totaling around 100,000 square feet, with estimated redevelopment costs of $80.0 million, and a significant development project spanning approximately 875,000 square feet, with a total investment estimated at $1.0 billion.

Kilroy Realty Corporation's commitment to innovation and sustainability is reflected in its business model, which prioritizes the creation of modern, efficient, and environmentally responsible properties. This approach not only enhances the company's reputation and appeal to tenants but also contributes to the long-term sustainability of the real estate industry as a whole. With its strong foundation, diverse portfolio, and forward-looking strategy, Kilroy Realty Corporation is well-positioned to continue its growth and success in the U.S. real estate market. For more information, please visit the company's website at https://www.kilroyrealty.com. The company's common stock is listed under the ISIN US49427F1084 and is classified under the GICS Sub Industry of Diversified REITs.