Kilroy is a leading U.S. landlord and developer, with operations in San Diego, Los Angeles, the San Francisco Bay Area, Seattle, and Austin. The Company has earned global recognition for sustainability, building operations, innovation, and design. As a pioneer and innovator in the creation of a more sustainable real estate industry, the Company’s approach to modern business environments helps drive creativity and productivity for some of the world’s leading technology, entertainment, life science, and business services companies. The Company is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring, and managing office, life science, and mixed-use projects. As of March 31, 2025, Kilroy’s stabilized portfolio totaled approximately 17.1 million square feet of primarily office and life science space that was 81.4% occupied and 83.9% leased. The Company also had approximately 1,000 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 95.2%. In addition, the Company had one development project in the tenant improvement phase totaling approximately 875,000 square feet with a total estimated investment of $1.0 billion and two life science redevelopment projects in the tenant improvement phase totaling approximately 100,000 square feet with total estimated redevelopment costs of $80.0 million.
West Coast Resilience | Explore Kilroy Realty's strategic positioning in prime West Coast markets, showcasing its high-quality portfolio of office and life science properties |
Leasing Momentum | Delve into KRC's recent leasing success, including short-term lease gains and potential for accelerated activity in key properties like Kilroy Oyster Point |
Market Challenges | Uncover the complexities facing KRC, from work-from-home trends to potential oversupply in the life science sector, and their impact on future performance |
Valuation Insights | Analysts see KRC as potentially undervalued, trading at 8.7x 2026 FFO vs. peers at 10-18x, with price targets ranging from $42 to $44 per share |
Metrics to compare | KRC | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipKRCPeersSector | |
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P/E Ratio | 20.9x | −8.3x | 8.5x | |
PEG Ratio | −6.09 | 0.00 | 0.01 | |
Price/Book | 0.8x | 1.0x | 0.9x | |
Price / LTM Sales | 3.7x | 3.0x | 3.7x | |
Upside (Analyst Target) | 5.6% | 17.6% | 14.7% | |
Fair Value Upside | Unlock | 13.1% | 2.6% | Unlock |