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Kilroy Realty Corp (KRC) stock

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NYSE: KRC NYSE Office REITs Next results ~February 8, 2027

B Fundamentals grade

Kilroy Realty Corp is a US-listed company in the office REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$55

Valuation models combined (2)

Base case. Range ~$38–$64. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Kilroy Realty Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds211 adding, 155 cuttingOf 44 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Kilroy Realty files

10-Q filed October 23: Kilroy Realty

Model value −20.1%

Revenue for the twelve months to September 2026 reached $1.09bn, a decline of 3.6% on the year before. That matches roughly the pace seen a quarter earlier. Among the real estate investment trusts we cover, Kilroy Realty now ranks 21 of 22 on growth. Our model value drops from $66.09 to $52.78 a share. The current share price sits at $37.27. Despite the lower estimate, the rating stays Buy.

Source: 10-Q filed October 23, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Kilroy Realty stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.09bn, down 3.8% on a year earlier, slower than -1.4% a quarter earlier. That puts it 21 of 22 for growth among the real estate investment trusts companies we cover. Our valuation models combined value is $66.16 a share, against a share price of $34.20.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 8, 2027 (estimated)

Kilroy Realty Corp's trailing-twelve-month revenue fell 3.6% year on year, with a free-cash-flow margin of 31.1%. Where it stands out: change in share count of -0.8% ranks 2 of 18 office reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 25.8% while net income fell 91.2%: a 65pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 31.1% of revenue turned into free cash flow.

Things to watch

  • Revenue shrinking. Revenue fell 3.6% over the last 12 months.
  • High earnings multiple. The shares trade at 150 times the last 12 months' earnings, so expectations are demanding.
  • Heavily shorted. 15.2% of the shares available to trade are sold short (8.5 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 37.4% over 90 days.

Latest results: FY2026 Q3

Filed October 23, 2026
Earnings per share
$0.13 against an average estimate of $0.09: beat by 44.4%
Revenue
$272m, down 2.9% on a year earlier
Share reaction
+8.2% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
nareit Funds From Operations (FFO) per diluted share/unit $3.55 to $3.59 (full year 2026); net income available to common stockholders per share - diluted $0.23 to $0.27 (Full Year 2026 Range as of October 2026)
Next report
October 22, 2026

Kilroy Realty's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.2%
  • 1 week-0.5%
  • 1 month+8.6%
  • This year+2.7%
  • 1 year-7.9%
  • 5 years-30.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.1B
Net margin
2.6%
EPS (TTM, diluted)
$0.24

Growth

Revenue growth
−3.6%
Change in growth rate
+0.1 pts
Share count change
−0.8%

Earnings

Last results
October 22, 2026
Next results (est.)
February 8, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Dividend
  5. Leadership
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Kilroy Realty Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Kilroy Realty Corp as an equity reit, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$64 ~$54–$79 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$1.2 ~$29–$60 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$38 ~$32–$46 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$55 ~$38–$64 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Kilroy Realty Corp with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

53 /100

Moderate moat

How hard Kilroy Realty's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.0% of total assets over 10 years.

  • Durability 8 / 20

    Net margin has been a median 20.3%; its worst year was 2.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 9 of 9 years, at a median 40.0% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 0.9% over five years; stock-based pay has been a median 3.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.26 −81% $1.1bn −4%
Next $0.34 +29% $1.1bn +2%

Next year's EPS estimate has moved −37.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −62.9% on 90 days ago. In the last 30 days, 0 analysts raised Kilroy Realty Corp's forecast and 1 cut it.

Consensus EPS forecast Kilroy Realty Corp, last 90 days
$0.20 $0.40 $0.60 $0.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.70 Current fiscal year, 60 days ago: $0.70 Current fiscal year, 30 days ago: $0.26 Current fiscal year, 7 days ago: $0.26 Current fiscal year, Now: $0.26 $0.26 Next fiscal year, 90 days ago: $0.54 Next fiscal year, 60 days ago: $0.54 Next fiscal year, 30 days ago: $0.34 Next fiscal year, 7 days ago: $0.34 Next fiscal year, Now: $0.34 $0.34

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.70$0.54
60 days ago $0.70$0.54
30 days ago $0.26$0.34
7 days ago $0.26$0.34
Now $0.26$0.34

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.09 $0.13 +44.4%
Jun 2026 $0.12 $0.17 +41.7%
Mar 2026 $0.15 $0.16 +5.5%
Dec 2025 $0.28 $0.24 −14.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • Net income available to common stockholders per share - diluted Full Year 2026 Range as of October 2026 $0.23 to $0.27 GAAP Raised
    “Net income available to common stockholders per share - diluted $ 0.08 $ 0.22 $ 0.23 $ 0.27” source
  • Nareit Funds From Operations (FFO) per diluted share/unit full year 2026 $3.55 to $3.59 Non-GAAP Narrowed
    “The Company is updating Nareit-defined FFO per share guidance for the full year 2026 to $3.55 to $3.59 per diluted share, from the previous range of $3.49 to $3.63.” source
  • Average full year occupancy full year 2026 77% to 77.5% Narrowed
    “Average full year occupancy 76.50% to 78.00% 77.00% to 77.50%” source
  • Average full year occupancy excluding KOP 2 full year 2026 80.75% to 81.25% Narrowed
    “Average full year occupancy excluding KOP 2 80.50% to 81.50% 80.75% to 81.25%” source
  • Same Property Cash Net Operating Income (NOI) growth full year 2026 0.75% growth to 1% growth Narrowed
    “Same Property Cash Net Operating Income ("NOI") growth (1) 0.25% to 1.25% 0.75% to 1.00%” source
  • NOI from Development Properties full year 2026 about $-21m Raised vs -24m to -22.5m
    “NOI from Development Properties (2) $(22.5) to $(24.0) million +/- $(21.0) million” source
Show 9 more items
  • Non-Cash GAAP NOI adjustments full year 2026 $13m to $14m GAAP Narrowed
    “Non-Cash GAAP NOI adjustments (1) (3) $13.0 to $15.0 million $13.0 to $14.0 million” source
  • GAAP lease termination fee income full year 2026 $1.1m to $1.5m GAAP Lowered
    “GAAP lease termination fee income $3.0 to $4.5 million $1.1 to $1.5 million” source
  • General and administrative and Leasing costs full year 2026 $89.5m to $90.5m Raised
    “General and administrative and Leasing costs $(87.5) to $(89.5) million $(89.5) to $(90.5) million” source
  • Interest income full year 2026 about $3m Lowered vs 348m to 500m
    “Interest income $2.0 to $3.0 million +/- $3.0 million” source
  • Gross interest expense full year 2026 $208m to $209m Lowered
    “Gross interest expense $(208.0) to $(209.5) million $(207.5) to $(208.5) million” source
  • Capitalized interest full year 2026 $49m to $49.5m Narrowed
    “Capitalized interest (4) $48.5 to $49.5 million $49.0 to $49.5 million” source
  • Total development spending full year 2026 about $150m Maintained
    “Total development spending (5) +/- $150.0 million +/- $150.0 million” source
  • Operating property dispositions full year 2026 $348m to $500m Maintained
    “Operating property dispositions $347.5 to $500.0 million $347.5 to $500.0 million” source
  • Net income available to common stockholders Full Year 2026 Range as of October 2026 $26,607k to $31,375k GAAP Raised
    “Net income available to common stockholders $ 9,055 $ 25,743 $ 26,607 $ 31,375” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

17 analysts, Oct 2026
Buy529%
Hold1059%
Sell212%

Monthly trend

  1. Oct 20262310217
  2. Sep 20262310217
  3. Aug 20262310217
  4. Jul 20262310217

Counts of recommendations published by analysts covering Kilroy Realty Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.2%
of tradable shares
Days to cover
8.46
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.9%
of shares
Employees
241
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −7.9%

$39.64 on October 31, 2025 to $36.51

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.1bn −3.8%
Net margin 19.3% 15.5% −19.8%
P/E multiple 21.4x 25.5x +18.9%
Share count 119m 118m +0.4%

Biggest factor: net margin.

Last 3 years +39.0%

$26.26 on November 3, 2023 to $36.51

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.1bn −3.8%
Net margin 21.5% 15.5% −28.1%
P/E multiple 12.6x 25.5x +102.2%
Share count 117m 118m −0.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
KRC+19%−39%+10%+8%−2%+3%
Industry peers (median)+20%−37%+2%+12%−19%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
KRC58%42%50%42%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
KRC−13%−50%−38%−24%−29%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 67% from February 14, 2020 to May 16, 2023. Getting back needed a 199% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$26.63 – $40.79
From 52-week high
−10.5%
vs 50-day average
+4.8%
vs 200-day average
+8.7%
Volatility (1 year)
29%
Beta vs S&P 500
0.58

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.9%
After a week
6 up, 6 down
typical move ±4.4%
After a month
7 up, 4 down
typical move ±6.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +8.2% −1.7% +5.8% —
July 27, 2026 −1.9% +0.3% −1.1% −5.6%
April 27, 2026 +7.0% −0.3% +3.3% +9.7%
February 9, 2026 −5.0% +0.2% −9.1% −18.6%
October 27, 2025 +2.6% +1.4% +3.4% +5.2%
July 28, 2025 +3.3% −0.3% +1.2% +9.3%
May 5, 2025 −5.0% −1.4% −0.1% +3.6%
February 10, 2025 −3.8% +0.8% −6.8% −11.6%
October 28, 2024 −0.3% +0.5% −5.2% +2.4%
July 31, 2024 −4.6% +0.2% −10.4% −1.8%
May 2, 2024 +2.1% +2.2% +3.7% +1.2%
February 5, 2024 −2.7% −0.1% +2.3% +3.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Kilroy Realty Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Kilroy Realty Corp
$1.1B $1.1B $1.1B $1.1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.1B Revenue (TTM), FY24 Q1: $1.1B Revenue (TTM), FY24 Q2: $1.1B Revenue (TTM), FY24 Q3: $1.1B Revenue (TTM), FY24 Q4: $1.1B Revenue (TTM), FY25 Q1: $1.1B Revenue (TTM), FY25 Q2: $1.1B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.1B Revenue (TTM), FY26 Q1: $1.1B Revenue (TTM), FY26 Q2: $1.1B Revenue (TTM), FY26 Q3: $1.1B $1.1B

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.1B
FY24 Q1 $1.1B
FY24 Q2 $1.1B
FY24 Q3 $1.1B
FY24 Q4 $1.1B
FY25 Q1 $1.1B
FY25 Q2 $1.1B
FY25 Q3 $1.1B
FY25 Q4 $1.1B
FY26 Q1 $1.1B
FY26 Q2 $1.1B
FY26 Q3 $1.1B
Revenue growth, TTM YoY Kilroy Realty Corp
-4% -2% 0% 2% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.0% Revenue growth, TTM YoY, FY24 Q1: -0.8% Revenue growth, TTM YoY, FY24 Q2: -2.2% Revenue growth, TTM YoY, FY24 Q3: -2.3% Revenue growth, TTM YoY, FY24 Q4: 0.5% Revenue growth, TTM YoY, FY25 Q1: 1.1% Revenue growth, TTM YoY, FY25 Q2: 2.3% Revenue growth, TTM YoY, FY25 Q3: 0.8% Revenue growth, TTM YoY, FY25 Q4: -2.0% Revenue growth, TTM YoY, FY26 Q1: -1.4% Revenue growth, TTM YoY, FY26 Q2: -3.8% Revenue growth, TTM YoY, FY26 Q3: -3.6% -3.6%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.0%
FY24 Q1 -0.8%
FY24 Q2 -2.2%
FY24 Q3 -2.3%
FY24 Q4 0.5%
FY25 Q1 1.1%
FY25 Q2 2.3%
FY25 Q3 0.8%
FY25 Q4 -2.0%
FY26 Q1 -1.4%
FY26 Q2 -3.8%
FY26 Q3 -3.6%
FCF margin (TTM) Kilroy Realty Corp
30% 35% 40% 45% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 44.7% FCF margin (TTM), FY24 Q1: 44.5% FCF margin (TTM), FY24 Q2: 43.9% FCF margin (TTM), FY24 Q3: 40.3% FCF margin (TTM), FY24 Q4: 38.8% FCF margin (TTM), FY25 Q1: 35.9% FCF margin (TTM), FY25 Q2: 39.9% FCF margin (TTM), FY25 Q3: 40.4% FCF margin (TTM), FY25 Q4: 40.5% FCF margin (TTM), FY26 Q1: 41.0% FCF margin (TTM), FY26 Q2: 34.4% FCF margin (TTM), FY26 Q3: 31.1% 31.1%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 44.7%
FY24 Q1 44.5%
FY24 Q2 43.9%
FY24 Q3 40.3%
FY24 Q4 38.8%
FY25 Q1 35.9%
FY25 Q2 39.9%
FY25 Q3 40.4%
FY25 Q4 40.5%
FY26 Q1 41.0%
FY26 Q2 34.4%
FY26 Q3 31.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 643 719 747 837 898 955 1,097 1,130 1,136 1,113 1,086
Net income 294 165 258 195 187 628 233 212 211 276 29
Diluted EPS $2.97 $1.51 $2.55 $1.86 $1.63 $5.36 $1.97 $1.80 $1.77 $2.32 $0.24
Growth (year on year)
Revenue — +11.9% +3.9% +12.1% +7.3% +6.3% +14.9% +3.0% +0.5% −2.0% −3.6%
Net income — −44.0% +57.0% −24.4% −4.3% +235.7% −63.0% −8.8% −0.6% +30.9% −91.2%
Diluted EPS — −49.2% +68.9% −27.1% −12.4% +228.8% −63.2% −8.6% −1.7% +31.1% −91.1%
Margins
Net margin 45.7% 22.9% 34.6% 23.3% 20.8% 65.8% 21.2% 18.8% 18.6% 24.8% 2.6%
Free-cash-flow margin 36.3% 36.0% 32.6% 28.5% 36.3% 41.4% 45.5% 44.7% 38.8% 40.5% 31.1%
Cash flow
Cash from operations 345 347 410 387 456 516 592 603 541 566 494
Capital spending 112 88 166 148 130 121 93 97 100 116 156
Free cash flow 233 259 244 239 326 396 499 505 441 450 338
Stock-based pay 21 19 28 27 30 34 28 37 18 19 18
Free cash flow after stock pay 212 240 216 212 296 362 471 468 423 431 320
Balance sheet
Cash 193 58 52 60 732 414 347 510 166 179 94
Total debt 2,320 2,347 2,888 3,308 3,924 4,069 4,263 4,928 4,598 4,589 4,337
Net debt (negative = net cash) 2,127 2,289 2,836 3,248 3,192 3,655 3,916 4,418 4,432 4,410 4,243
Diluted shares 93m 99m 100m 104m 114m 117m 117m 118m 118m 119m 118m
Returned to shareholders
Dividends 137 341 179 196 225 237 248 255 256 258 256
Total returned 137 341 179 196 225 237 248 255 256 258 256

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$256M
Returned to shareholders
76%
of free cash flow
Diluted share count
−0.8%
year over year
Total shareholder yield
6.0%
dividends 6.0% + buybacks 0.0% of market value
Dividend payout ratio
895%
of net income paid out
Days sales outstanding
6 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in office reits
Last 12 months unless stated KRC CUZ SLG DEI HIW CDP Median
Revenue, last 12 months $1.1bn $1.0bn $1.0bn $1.0bn $852m $784m $784m
Revenue growth, last 12 months −3.6% 8.5% 8.5% 0.8% 5.4% 4.5% 2.0%
Revenue growth, 3-year average −1.7% 9.3% 0.5% −0.2% 0.5% 4.1% 0.5%
Revenue growth, latest quarter −2.9% 4.5% 9.1% 1.6% 8.1% 3.9% 3.0%
Gross margin — 68.4% — 63.2% — 77.5% 60.0%
Operating margin — 68.3% 66.6% 19.2% 67.2% 22.6% 22.3%
Operating margin, 3-year average — 67.6% — 25.5% 67.2% 17.9% 17.1%
Net margin 2.6% 1.4% −16.9% −2.3% 21.7% 20.9% −0.9%
Cash from operations / revenue 45.5% 40.4% 8.9% 38.3% 44.5% 43.0% 32.8%
Free-cash-flow margin 31.1% −0.1% −17.1% 17.8% 8.0% 40.6% 7.8%
Free-cash-flow margin, 3-year average 37.2% 0.9% −10.0% 20.9% 9.5% 39.3% 9.7%
Stock pay / revenue 1.6% 1.7% 2.1% 2.1% 1.1% 1.6% 1.7%
Change in share count −0.8% 0.3% 6.6% 0.0% 2.1% 0.9% 0.2%

Median of all 18 companies we cover in office reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

18 office reits companies
Measure Company Peer median Rank
Revenue growth Growth -3.6% 2.0% 13 of 18
Change in growth rate Growth +0.1pp +0.1pp 9 of 18
Net margin Profitability 2.6% 0.4% 5 of 18
Stock pay as % of revenue Cash generation 1.6% 1.7% 7 of 14
Change in share count Balance sheet -0.8% 0.3% 2 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$5.1B
Institutions reporting
383
Shares held vs prior quarter
0.0%
Positions opened / closed
78 / 35

Top buyers and sellers, Q2 2026: 211 institutions bought and 155 sold ; the biggest buyer was Resolution Capital Ltd (+1.9M shares) and the biggest seller Cohen & Steers, Inc (−2.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $581M 15.5M 11.4% ▲ 3.0%
D1 Capital Partners L.P. $393M 10.5M 7.7% ▼ 6.9%
Vanguard Portfolio Management LLC $359M 9.6M 7.0% ▼ 3.0%
State Street Corp $233M 6.1M 4.6% ▼ 2.0%
Cohen & Steers, Inc. $216M 5.8M 4.2% ▼ 27.4%
Vanguard Capital Management LLC $192M 5.1M 3.8% ▼ 1.1%
APG Asset Management Us Inc. $184M 4.7M 3.6% ▲ 0.2%
Principal Financial Group Inc $161M 4.3M 3.1% ▼ 5.9%
Route One Investment Company, L.P. $159M 4.2M 3.1% ▲ 4.9%
Daiwa Securities Group Inc. $155M 4.1M 3.0% ▼ 10.6%
Quantinno Capital Management LP $115M 3.1M 2.2% ▲ 116.0%
Rush Island Management, LP $110M 2.9M 2.2% ▼ 39.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Kilroy Realty Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2.4M 6 trades by 5 insiders · 0% under pre-set plans
Net ▼ $2.4M net selling
Insider Date Trade Shares Price Value
Hunt Jolie A. Director June 29, 2026 Sell 15,800 $37.79 $597,082
Paratte A. Robert See Remarks June 24, 2026 Sell 8,000 $37.34 $298,720
Smart Justin William President June 9, 2026 Sell 10,848 $38.71 $419,926
Roth Heidi Rena See Remarks May 7, 2026 Sell 19,541 $35.22 $688,234
Stadler Lauren N See Remarks May 6, 2026 Sell 3,000 $34.65 $103,950
Paratte A. Robert See Remarks April 30, 2026 Sell 10,000 $33.11 $331,100

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Kilroy Realty Corp disclosed in the last 12 months; 2 earlier trades on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $15,001 - $50,000, traded July 12, 2023, filed August 13, 2023
  • Daniel S. Goldman(D-NY 10):Purchase, $15,001 - $50,000, traded March 6, 2023, filed April 17, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 8, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 27, 2026
  • April 27, 2026
  • February 9, 2026
  • October 27, 2025
  • July 28, 2025

Recent SEC filings

Data status

When each part of this page on Kilroy Realty Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Kilroy Realty Corp in brief

What does Kilroy Realty Corp do?
Kilroy Realty Corp is a US-listed company in the office REITs industry. Its financial year ends in December.
What is Kilroy Realty Corp's stock ticker?
Kilroy Realty Corp trades under the ticker KRC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Kilroy Realty Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Kilroy Realty Corp reported revenue of $1.1B, 3.6% lower than a year earlier, according to its SEC filings.
What is Kilroy Realty Corp's free cash flow?
Kilroy Realty Corp's free-cash-flow margin is 31.1% of revenue over the trailing twelve months.
Who are Kilroy Realty Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., D1 Capital Partners L.P. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Kilroy Realty Corp's market cap?
On November 2, 2026, Kilroy Realty Corp's market capitalisation was about $4.3B, with a price-to-earnings ratio of 150.4 and net debt of $4.2B. Market figures come from third-party market data and may be delayed.
Does Kilroy Realty Corp pay a dividend?
Yes: Kilroy Realty Corp paid $256M in dividends over the trailing twelve months, a dividend yield of 6.03% and a payout ratio of 895.0%.
Who are Kilroy Realty Corp's competitors?
In our Office REITs peer group, the companies closest to Kilroy Realty Corp are Cousins Properties Inc, SL Green Realty Corp, Douglas Emmett Inc, Highwoods Properties, Inc. and Copt Defense Properties. The side-by-side comparison below sets their revenue, margins and growth against Kilroy Realty Corp's.
Are insiders buying or selling Kilroy Realty Corp stock?
Over the last 12 months, Kilroy Realty Corp's directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Kilroy Realty Corp's next earnings date?
Around February 8, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Kilroy Realty Corp announces its own schedule.