Kilroy Realty Corp Shareholders Vote on Executive Pay, Board Members

Published 20/05/2025, 22:04
Kilroy Realty Corp Shareholders Vote on Executive Pay, Board Members

LOS ANGELES, May 20, 2025 – Kilroy Realty Corporation (NYSE:KRC), a real estate investment trust with a market capitalization of $3.93 billion, announced the results of its 2025 annual meeting of stockholders held today. According to InvestingPro data, the company maintains a GOOD financial health score and has consistently paid dividends for 29 consecutive years. The shareholders voted on several key proposals, including the election of directors, executive compensation, and the appointment of the company’s independent auditor for the current fiscal year.

In the first proposal, all the director nominees were elected to serve until the 2026 annual meeting of stockholders. The elected directors are Angela M. Aman, Edward F. Brennan, PhD, Daryl J. Carter, Jolie A. Hunt, Louisa G. Ritter, Gary R. Stevenson, and Peter B. Stoneberg. The votes for each nominee varied, with Angela M. Aman receiving 104,260,378 votes for, 1,250,827 against, and 57,592 abstentions. The broker non-votes for each nominee were consistently at 3,337,098.

The second proposal, which concerned the advisory approval of the compensation of the company’s named executive officers, was approved with 94,892,335 votes for, 10,603,180 against, and 73,282 abstentions, alongside 3,337,098 broker non-votes.

Finally, the third proposal to ratify Deloitte & Touche LLP as the company’s independent auditor for the fiscal year ending December 31, 2025, was also ratified with a significant majority. The vote count was 104,816,649 for, 4,019,633 against, and 69,613 abstentions.

These results reflect the shareholders’ support for the company’s current leadership and executive compensation approach. The appointment of the independent auditor suggests confidence in the company’s financial reporting processes. InvestingPro analysis shows the company remains profitable with a healthy 66.8% gross profit margin and an attractive 6.55% dividend yield.

Kilroy Realty Corporation is known for its portfolio of office properties primarily located in the coastal regions of Los Angeles, San Diego, the San Francisco Bay Area, and Greater Seattle. The company focuses on premier properties in some of the nation’s most dynamic and demanding markets. Trading at a price-to-book ratio of 0.73 and currently slightly undervalued according to InvestingPro Fair Value analysis, KRC presents interesting metrics for value investors. Discover more insights and 12+ additional ProTips with an InvestingPro subscription, including the comprehensive Pro Research Report available for this stock.

This report is based on the company’s recent SEC filing and provides shareholders and the public with essential information regarding the company’s governance and financial oversight.

For more detailed voting results and other information, please refer to the full text of the 8-K filing with the Securities and Exchange Commission.

In other recent news, Kilroy Realty Corporation announced its Q1 2025 earnings, reporting mixed results with a slight beat on earnings per share (EPS) but a miss on revenue expectations. The company achieved an EPS of $0.33, surpassing the forecast of $0.32, while revenue was $270.8 million, falling short of the anticipated $275.96 million. Despite these challenges, Kilroy Realty reaffirmed its full-year guidance for funds from operations and cash same property net operating income growth. Additionally, Kilroy Realty declared a regular quarterly cash dividend of $0.54 per common share, payable to shareholders of record as of June 30, 2025. The company continues to navigate a competitive real estate market with a focus on high-quality, flexible spaces, particularly in the tech and life sciences sectors. Kilroy Realty’s portfolio occupancy rates have declined, but the company remains committed to enhancing its offerings in key U.S. cities. Recent developments also include positive leasing activity in San Francisco and other West Coast markets, as noted by company executives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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