Real Estate · REIT - Office
Price
$38.04
Market Cap
$4.4B
Employees
229
Beta
1.16
Avg Volume
1,948,577
CEO
Angela Aman
Business Description
Kilroy Realty Corporation (NYSE: KRC) is a distinguished real estate investment trust (REIT) and a leading developer on the West Coast of the United States. Its operations span key markets including San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. Globally celebrated for its commitment to sustainability, excellence in building operations, and groundbreaking innovation and design, KRC stands out. The company, a pioneer in fostering eco-friendly real estate, crafts modern work environments specifically designed to boost creativity, enhance productivity, and improve employee retention for prominent clients in technology, entertainment, life sciences, and business services sectors. As a publicly traded entity and an S&P MidCap 400 Index member, KRC brings over seven decades of expertise to the development, acquisition, and management of office and mixed-use properties. As of September 30, 2020, Kilroy Realty's stabilized portfolio encompassed approximately 14.3 million square feet, primarily comprising office and life science facilities, with an occupancy rate of 92.2% and a leased rate of 95.5%. Additionally, the company managed 808 residential units located in Hollywood and San Diego, which recorded average quarterly occupancy rates of 85.0% and 37.5%, respectively. Furthermore, KRC had seven development projects underway, representing an estimated total investment of $1.9 billion. These projects account for roughly 2.3 million square feet of new office and life science space, 90% of which was already leased.
Business History
Price Overview
Last updated: Jun 27, 2026 11:06am (just now)$38.04
+0.53 (+1.41%)
Day Range
$37.35 – $38.04
52-Week Range
$27.36 – $45.03
50-Day MA
$34.91
200-Day MA
$36.51
Volume
1,155,185.00
Analyst Price Targets
Low
$29.00
Consensus
$37.38
High
$44.00
(38 analysts)
Share Structure
Outstanding
116,279,000.00
Float
114,850,977.00
Free Float
98.8%
High free float
— 98.8% of shares trade freely, ~1.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
20.54
Stock Price: $38.04
EPS (Diluted): 2.32
EPS (Diluted): 2.32
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.82
Stock Price: $38.04
Total Equity: $5.42B
Shares: 119,008,621
Total Equity: $5.42B
Shares: 119,008,621
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.45
Market Cap: $4.42B
Total Debt: $4.72B
Cash: $179.32M
EBITDA: $808.51M
Total Debt: $4.72B
Cash: $179.32M
EBITDA: $808.51M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$9.1B
Market Cap: $4.42B
Total Debt: $4.72B
Cash: $179.32M
Total Debt: $4.72B
Cash: $179.32M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
67.0%
Gross Profit: $745.51M
Revenue: $1.11B
Revenue: $1.11B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
28.4%
Operating Income: $315.51M
Revenue: $1.11B
Revenue: $1.11B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
24.8%
Net Income: $276.10M
Revenue: $1.11B
Revenue: $1.11B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
4.0%
Net Income: $276.10M
Total Equity: $5.42B
Total Equity: $5.42B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
2.8%
Operating Income: $315.51M
Tax Rate: 0.0%
Equity: $5.42B
Total Debt: $4.72B
Cash: $179.32M
Tax Rate: 0.0%
Equity: $5.42B
Total Debt: $4.72B
Cash: $179.32M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
4.24
Current Assets: $616.88M
Current Liabilities: $145.66M
Current Liabilities: $145.66M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.87
Short-Term Debt: $0.00
Long-Term Debt: $4.72B
Total Debt: $4.72B
Total Equity: $5.42B
Long-Term Debt: $4.72B
Total Debt: $4.72B
Total Equity: $5.42B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$9.35
Revenue: $1.11B
Shares: 119,008,621
Shares: 119,008,621
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$45.55
Total Equity: $5.42B
Shares: 119,008,621
Shares: 119,008,621
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.02
Operating CF: $566.31M
CapEx: -$687.96M
Shares: 119,008,621
CapEx: -$687.96M
Shares: 119,008,621
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
5.8%
Last Dividend: N/A
Stock Price: $38.04
Stock Price: $38.04
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $276.10M
Net Income: $276.10M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares KRC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $955.0M | $1.1B | $1.1B | $1.1B | $1.1B |
| Cost of Revenue | $269.6M | $321.1M | $351.1M | $372.9M | $367.2M |
| Gross Profit | $685.5M | $775.9M | $778.6M | $762.8M | $745.5M |
| Operating Expenses | $402.8M | $451.3M | $448.7M | $428.2M | $430.0M |
| Operating Income | $282.7M | $324.7M | $329.9M | $334.5M | $315.5M |
| Net Income | $628.1M | $232.6M | $212.2M | $211.0M | $276.1M |
| EBITDA | $1.0B | $659.8M | $708.8M | $735.5M | $808.5M |
| EPS | $5.38 | $1.98 | $1.80 | $1.78 | $2.32 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $414.1M | $347.4M | $510.2M | $165.7M | $179.3M |
| Total Current Assets | $887.2M | $855.1M | $1.3B | $677.8M | $616.9M |
| Total Assets | $10.6B | $10.8B | $11.4B | $10.9B | $10.9B |
| Current Liabilities | $699.2M | $734.0M | $688.6M | $563.3M | $145.7M |
| Long-Term Debt | $4.1B | $4.3B | $4.9B | $4.6B | $4.7B |
| Total Liabilities | $4.9B | $5.1B | $5.7B | $5.3B | $5.3B |
| Total Equity | $5.4B | $5.4B | $5.4B | $5.4B | $5.4B |
| Retained Earnings | $283.7M | $265.1M | $221.1M | $171.2M | $188.9M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $516.4M | $592.2M | $602.6M | $541.1M | $566.3M |
| Capital Expenditure | -$1.8B | -$586.6M | -$543.8M | -$501.0M | -$688.0M |
| Free Cash Flow | -$1.3B | $5.6M | $58.8M | $40.2M | -$121.7M |
| Acquisitions (net) | $1.0B | $33.4M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$21.9M | -$22.9M | -$11.6M | -$27.6M | -$6.6M |
| Net Change in Cash | -$396.0M | -$79.7M | $162.8M | -$344.5M | $13.6M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 11:06am (just now)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$1.1B $1.0B – $1.1B
|
$1.1B $1.1B – $1.1B
|
$1.1B $1.1B – $1.1B
|
$1.3B $1.2B – $1.3B
|
| EBITDA |
$774.0M $745.3M – $795.5M
|
$792.0M $777.8M – $799.2M
|
$817.3M $815.0M – $819.6M
|
$911.0M $886.0M – $929.4M
|
| Net Income |
$30.7M $30.2M – $32.8M
|
$78.2M $73.7M – $82.7M
|
$103.7M $80.3M – $151.0M
|
$104.7M $101.0M – $107.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +14.9% | +3.0% | +0.5% | -2.0% |
| Gross Profit Growth | +13.2% | +0.3% | -2.0% | -2.3% |
| Operating Income Growth | +14.9% | +1.6% | +1.4% | -5.7% |
| Net Income Growth | -63.0% | -8.8% | -0.6% | +30.9% |
| EBITDA Growth | -37.1% | +7.4% | +3.8% | +9.9% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-08 | Aman Angela M | A-Award | 807.51 | $0.00 | $0 |
| 2026-06-24 | Paratte A. Robert | S-Sale | 8,000.00 | $37.34 | $298,737 |
| 2026-06-09 | Smart Justin William | S-Sale | 10,848.00 | $38.71 | $419,904 |
| 2026-05-19 | Hunt Jolie A. | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-19 | KIESKE DAVID ANDREW | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-19 | Ritter Louisa | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-19 | CARTER DARYL J | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-19 | BRENNAN EDWARD F | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-19 | Stevenson Gary R. | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-19 | Marakovits Cia Buckley | A-Award | 4,339.00 | $0.00 | $0 |
| 2026-05-07 | Roth Heidi Rena | S-Sale | 19,541.00 | $35.22 | $688,187 |
| 2026-05-06 | Stadler Lauren N | S-Sale | 3,000.00 | $34.65 | $103,935 |
| 2026-04-30 | Paratte A. Robert | S-Sale | 10,000.00 | $33.11 | $331,130 |
| 2026-04-08 | KIESKE DAVID ANDREW | A-Award | 61.43 | $0.00 | $0 |
| 2026-04-08 | Jalan Chandni | A-Award | 111.09 | $0.00 | $0 |
| 2026-04-08 | Marakovits Cia Buckley | A-Award | 61.43 | $0.00 | $0 |
| 2026-04-08 | Aman Angela M | A-Award | 1,456.04 | $0.00 | $0 |
| 2026-04-08 | Aman Angela M | A-Award | 701.32 | $0.00 | $0 |
| 2026-04-08 | BRENNAN EDWARD F | A-Award | 504.54 | $0.00 | $0 |
| 2026-04-08 | Stadler Lauren N | A-Award | 188.26 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-30 | $0.54 | 2026-05-19 | 2026-06-30 | 2026-07-08 |
| 2026-03-31 | $0.54 | 2026-02-24 | 2026-03-31 | 2026-04-08 |
| 2025-12-31 | $0.54 | 2025-11-18 | 2025-12-31 | 2026-01-07 |
| 2025-09-30 | $0.54 | 2025-09-16 | 2025-09-30 | 2025-10-08 |
| 2025-06-30 | $0.54 | 2025-05-20 | 2025-06-30 | 2025-07-09 |
| 2025-03-31 | $0.54 | 2025-02-25 | 2025-03-31 | 2025-04-09 |
| 2024-12-31 | $0.54 | 2024-12-05 | 2024-12-31 | 2025-01-08 |
| 2024-09-30 | $0.54 | 2024-09-16 | 2024-09-30 | 2024-10-09 |
| 2024-06-28 | $0.54 | 2024-05-22 | 2024-06-28 | 2024-07-10 |
| 2024-03-27 | $0.54 | 2024-02-27 | 2024-03-29 | 2024-04-10 |
| 2023-12-28 | $0.54 | 2023-12-06 | 2023-12-29 | 2024-01-10 |
| 2023-09-28 | $0.54 | 2023-09-12 | 2023-09-29 | 2023-10-11 |
| 2023-06-29 | $0.54 | 2023-05-24 | 2023-06-30 | 2023-07-12 |
| 2023-03-30 | $0.54 | 2023-02-16 | 2023-03-31 | 2023-04-12 |
| 2022-12-29 | $0.54 | 2022-12-07 | 2022-12-30 | 2023-01-11 |
| 2022-09-29 | $0.54 | 2022-09-08 | 2022-09-30 | 2022-10-12 |
| 2022-06-29 | $0.52 | 2022-05-19 | 2022-06-30 | 2022-07-13 |
| 2022-03-30 | $0.52 | 2022-02-08 | 2022-03-31 | 2022-04-13 |
| 2021-12-30 | $0.52 | 2021-12-16 | 2021-12-31 | 2022-01-12 |
| 2021-09-29 | $0.52 | 2021-09-13 | 2021-09-30 | 2021-10-13 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for KRC — it's generated by the pipeline (
market-narrative step).
No community reviews yet for KRC.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30