Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
LOS ANGELES - Kilroy Realty Corporation (NYSE: NYSE:KRC), a prominent real estate investment trust, has declared a regular quarterly cash dividend of $0.54 per common share. The dividend is scheduled to be paid on April 9, 2025, to shareholders who are on record as of March 31, 2025. This dividend payment corresponds to an annualized rate of $2.16 per share, yielding an attractive 6.49%. According to InvestingPro data, KRC has maintained dividend payments for 28 consecutive years, demonstrating its commitment to shareholder returns.
Kilroy Realty, with a portfolio that primarily consists of office and life science spaces, boasts a significant presence in key U.S. markets including San Diego, Los Angeles, San Francisco Bay Area, Seattle, and Austin. As of December 31, 2024, the company’s stabilized portfolio included around 17.1 million square feet with an 82.8% occupancy rate and 84.9% of the space leased. Kilroy also reported approximately 1,000 residential units with an average occupancy rate of 92.2% for the quarter. With a market capitalization of $4.06 billion and a strong current ratio of 1.83, InvestingPro analysis indicates the company maintains solid financial health with liquid assets exceeding short-term obligations.
The company is undertaking several development projects, including two life science redevelopment projects totaling 100,000 square feet and a major development project under construction of approximately 875,000 square feet. These projects represent a substantial investment in the company’s future growth, with the larger development carrying an estimated cost of $1.0 billion.
Kilroy’s commitment to sustainability and corporate social responsibility has been recognized on multiple fronts. The company has achieved carbon-neutral operations since 2020 and maintains high levels of LEED, Fitwel, and ENERGY STAR certifications across its portfolio. It has received numerous accolades for its sustainability initiatives, including a five-star rating from GRESB and recognition as a sector and regional leader in the Americas.
The company’s efforts extend to fostering a diverse and inclusive work environment, as evidenced by its inclusion in Bloomberg’s Gender Equality Index for four consecutive years. This index highlights companies that are dedicated to supporting gender equality through their policies and practices.
This announcement is based on a press release statement and contains forward-looking statements subject to risks and uncertainties. Actual future performance, results, and events may differ materially from those indicated in the forward-looking statements due to a variety of factors. Based on InvestingPro analysis, KRC currently appears undervalued, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US equities. Subscribers gain access to extensive financial metrics, Fair Value calculations, and expert analysis to make informed investment decisions.
In other recent news, Kilroy Realty Corporation reported impressive financial results for the fourth quarter of 2024, exceeding analyst expectations. The company posted an earnings per share of $0.50, significantly beating the forecasted $0.32, while revenue also surpassed projections, reaching $286.4 million against an expected $277.97 million. Kilroy Realty has set its 2025 funds from operations (FFO) guidance between $3.85 and $4.05 per share. The company also benefited from a $6 million gain on the sale of a corporate airplane, which contributed to its strong quarterly performance. In terms of leasing activity, Kilroy Realty signed approximately 708,000 square feet of leases during the quarter, marking its highest level of leasing activity since the fourth quarter of 2019. On the analyst front, KeyCorp (NYSE:KEY) and Evercore ISI analysts have been actively engaging with Kilroy Realty, highlighting the company’s proactive approach to addressing lease expirations and ongoing market trends. Additionally, Kilroy Realty is exploring potential land sales that could generate over $150 million in proceeds, reflecting its strategic focus on long-term growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.