BXP vs Kilroy Realty
BXP is the larger business, with $3.48bn of revenue in fiscal 2025 against $1.11bn for Kilroy Realty (3.1 times as much). BXP grew faster (2.2% against -2.0%). Kilroy Realty kept more of each dollar of sales as profit: a net margin of 24.8% against 7.9%. Kilroy Realty carries less debt relative to equity (84.7% against 97.7%).
| Latest fiscal year | BXPBXP, 2025 | Kilroy RealtyKRC, 2025 |
|---|---|---|
| Revenue | $3.48bn | $1.11bn |
| Revenue growth | 2.2% | -2.0% |
| Net income | $277m | $276m |
| Operating margin | — | — |
| Net margin | 7.9% | 24.8% |
| Return on equity | 5.2% | 5.1% |
| Free cash flow | $1.03bn | $450m |
| Cash | $1.48bn | $179m |
| Total debt | $5.03bn | $4.59bn |
| Debt to equity | 97.7% | 84.7% |
| Dividend per share | — | $2.16 |
| Dividend yield | 5.4% | 6.0% |
| Share buybacks | — | — |
| Employees | 743 | 241 |
| Market value | $9.99bn | $4.21bn |
| Price vs our value range | — | — |
| Moat score | 77 (Strong) | 53 (Moderate) |
| Insider trades, 12 months | 0 buys, 12 sales | 0 buys, 6 sales |