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Stock impact report

Kilroy Realty Corporation Reports Second 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 second quarter ended June 30, 2024.Second Quarter HighlightsFinancial ResultsRevenues of $280.7 millionNet income available to common stockholders of $0.41 per diluted shareFunds from operations available to common stockholders and unitholders (“FFO”) of $132.6 million, or $1.10 per diluted shareLeasing and OccupancyStabilized portfolio was 83.7% occupied and 85.4% leased at June 30, 2024Signed approximately 235,000 square feet of leases, comprised of 122,000 square feet of new leasing on previously vacant space, 55,000 square feet of new leasing on currently occupied space, and 58,000 square feet of renewal leasingIncludes 16,000 square feet of short-term leasing, comprised of 11,000 square feet of short-term new leasing and 5,000 square feet of short-term renewal leasingGAAP rents increased 7.2% and cash rents decreased 4.6% from prior levels on second generation leasing, Show less Read more
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