Overview

* Kilroy Realty ( KRC ) Q2 revenue rises to $289.9 mln, beating analyst expectations

* Net income for Q2 increases to $68.4 mln, EPS at $0.57

* FFO for Q2 reaches $135.9 mln, up from $132.6 mln last year

Outlook

* Kilroy updates full-year 2025 FFO guidance to $4.05-$4.15 per share

* Company expects 2025 net income per share to be $1.44-$1.54

* Kilroy sees Average full year occupancy between 80.5% and 81.5%

* Company anticipates Same Property Cash Net Operating Income growth of down 1.0% to down 2.0%

Result Drivers

* LEASING MOMENTUM - Kilroy executed over 400,000 square feet of leases, including new and renewal leases, driving revenue growth

* CAPITAL RECYCLING - "Significant" progress in monetizing land and disposing of non-strategic operating properties, contributed to financial results

* RENT DECLINE - GAAP and cash rents on leases signed decreased by 11.2% and 15.2%, respectively, reflecting market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $289.90 $270.70

Revenue mln mln (10

Analysts

)

Q2 EPS $0.57

Q2 Net $68.40

Income mln

Q2 FFO $135.90

mln

Q2 $0.54

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 11 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for Kilroy Realty Corp ( KRC ) is $35.00, about 5.9% below its July 25 closing price of $37.08

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)