PresentationI will first turn it over to Angela to give some opening remarks, but I'd love to open up questions to the room or I can start with a few that I've prepared.Good afternoon, everyone. Welcome to Bank of America's 2025 Global Real Estate Conference. I'm Jana Galan, BofA's senior analyst covering office REITs. We're very pleased today to have with us Kilroy Realty, CEO, Angela Aman; CFO, Jeffrey Kuehling; CIO, Eliott Trencher, Chief Leasing Officer; Rob Paratte; and VP of Corporate Finance, Doug Be ...

PresentationI will first turn it over to Angela to give some opening remarks, but I'd love to open up questions to the room or I can start with a few that I've prepared.Good afternoon, everyone. Welcome to Bank of America's 2025 Global Real Estate Conference. I'm Jana Galan, BofA's senior analyst covering office REITs. We're very pleased today to have with us Kilroy Realty, CEO, Angela Aman; CFO, Jeffrey Kuehling; CIO, Eliott Trencher, Chief Leasing Officer; Rob Paratte; and VP of Corporate Finance, Doug Be ...

Kilroy Realty (NYSE: KRC) 2025 Conference Summary Company Overview - **Company**: Kilroy Realty Corporation - **Industry**: Real Estate, specifically focused on office and life science properties Key Points and Arguments Market Demand and Trends - **Resurgence in Demand**: Kilroy Realty has observed a resurgence in demand across West Coast markets, particularly in the San Francisco Bay Area, driven by a favorable public policy environment and growth in the AI sector [2][3] - **AI Sector Influence**: AI companies are significantly driving demand for office space, with a notable increase in leasing activity in San Francisco, expanding beyond the Mission Bay submarket [16][18] - **Political Environment**: A new business-friendly political environment in San Francisco has improved conditions for retail and office space, contributing to increased employee return to work [17] Capital Allocation and Dispositions - **Monetization Strategy**: The company has been actively monetizing non-income-producing land and operating properties, achieving compelling pricing on recent sales [3][10] - **Balance Sheet Management**: The CFO highlighted improvements in data transparency and communication with investors, including a recent bond offering that strengthens the balance sheet [12][13] Portfolio Management - **Portfolio Assessment**: Kilroy Realty is reassessing its asset classes and locations to align with changing market demands, particularly considering the shift towards residential or alternative uses for certain parcels [10][11] - **Life Science Focus**: The company is focusing on life science properties, with expectations to sign 100,000 square feet of leases at Kilroy Oyster Point by the end of 2025 [20][22] Leasing Activity - **Tenant Improvements**: Tenant improvement costs have plateaued, with allowances reaching up to $150 per square foot depending on tenant needs [40] - **Spec Suite Program**: The company has successfully implemented a spec suite program to meet the immediate needs of AI tenants, allowing for quicker occupancy [41][42] Future Outlook - **Occupancy Projections**: The company anticipates a positive net absorption in Q4 2025, despite some expected move-outs in Q3 [53][54] - **Retention Rates**: Historical retention rates have been around 30%, with expectations for stability in occupancy levels moving forward [49][50] Market Activity and Buyer Sentiment - **Increased Liquidity**: There has been a noticeable increase in market liquidity for office space, with more buyers ready to transact, reflecting improved confidence in the market [57][59] - **Cap Rate Considerations**: Buyers are increasingly focused on return on cost and IRR, indicating a shift in investment strategies [60] AI and Technological Impact - **AI's Role in Future Growth**: The company is positioning itself to benefit from the growth of AI, recognizing the need for flexibility in leasing terms to accommodate evolving tenant requirements [35][36] Additional Important Insights - **Sublease Space**: Approximately 15% to 20% of the portfolio is currently sublet, compared to around 10% pre-COVID [51][52] - **Market Comparisons**: While Kilroy Realty is not in core life science markets like Boston, it has seen a pickup in activity in South San Francisco, indicating a broader recovery in the sector [28][31] This summary encapsulates the key insights and strategic directions discussed during the Kilroy Realty conference, highlighting the company's proactive approach to navigating market changes and capitalizing on emerging opportunities.

Core Viewpoint - Kilroy Realty Corporation (NYSE: KRC) has shown moderate performance over the past year with a 4% increase in share price and a ~6% dividend yield, although concerns about the long-term future of office properties and vacancies persist [1] Company Performance - The company is currently generating solid cash flow, which supports its dividend payments and overall financial health [1] Market Context - The ongoing challenges in the office property market, particularly regarding vacancies, continue to impact investor sentiment and the long-term outlook for companies in this sector [1]

[Explanatory Note](index=3&type=section&id=Explanatory%20Note) This section clarifies the combined reporting structure for Kilroy Realty Corporation and its Operating Partnership [Combined Reporting Structure](index=3&type=section&id=Combined%20Reporting%20Structure) This report combines Form 10-Q filings for Kilroy Realty Corporation (REIT) and its subsidiary, Kilroy Realty, L.P., viewed as a single operating unit - Kilroy Realty Corporation is a REIT and the general partner of the Operating Partnership, owning a **99.0% interest** as of June 30, 2025[11](index=11&type=chunk) - The Operating Partnership owns substantially all assets, conducts business operations, and generates capital, while the Company's primary role is acting as the general partner and issuing equity[12](index=12&type=chunk) - The main differences in the financial statements between the two entities relate to noncontrolling interests, stockholders' equity, and partners' capital[13](index=13&type=chunk) - The combined reporting approach is intended to better reflect how the business is managed, enhance investor understanding, and improve efficiency[14](index=14&type=chunk) [PART I – FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements of Kilroy Realty Corporation](index=6&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS%20%28UNAUDITED%29%20OF%20KILROY%20REALTY%20CORPORATION) This section presents Kilroy Realty Corporation's unaudited consolidated financial statements, covering Balance Sheets, Operations, Equity, and Cash Flows [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets%20-%20KRC) Consolidated Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total real estate assets held for investment, net | $9,542,932 | $9,834,579 | | **Total Assets** | **$10,867,832** | **$10,898,357** | | Total Debt, net (Secured + Unsecured) | $4,597,719 | $4,597,765 | | **Total Liabilities** | **$5,274,388** | **$5,289,488** | | Total Stockholders' Equity | $5,366,455 | $5,382,046 | | **Total Equity** | **$5,593,444** | **$5,608,869** | [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations%20-%20KRC) Consolidated Statements of Operations Highlights (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $289,892 | $280,731 | $560,736 | $559,312 | | Total Expenses | $196,736 | $199,378 | $393,728 | $396,291 | | Gain on sale of property | $16,554 | $0 | $16,554 | $0 | | Net Income | $79,568 | $54,547 | $123,249 | $110,247 | | **Net Income Available to Common Stockholders** | **$68,449** | **$49,211** | **$107,457** | **$99,131** | | EPS - basic | $0.58 | $0.41 | $0.91 | $0.83 | | EPS - diluted | $0.57 | $0.41 | $0.90 | $0.83 | [Consolidated Statements of Cash Flows](index=12&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20-%20KRC) Consolidated Cash Flow Summary - Six Months Ended June 30 (in thousands) | Cash Flow Category | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $280,667 | $256,562 | | Net cash (used in) provided by investing activities | ($100,343) | $40,815 | | Net cash (used in) provided by financing activities | ($152,885) | $28,353 | | **Net increase in cash and cash equivalents** | **$27,439** | **$325,730** | [Financial Statements of Kilroy Realty, L.P.](index=14&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS%20%28UNAUDITED%29%20OF%20KILROY%20REALTY%2C%20L.P.) This section presents Kilroy Realty, L.P.'s unaudited consolidated financial statements, largely mirroring the Company's, with equity section differences [Consolidated Balance Sheets](index=14&type=section&id=Consolidated%20Balance%20Sheets%20-%20KRLP) - The Operating Partnership's total assets, liabilities, and total capital were **$10.87 billion**, **$5.27 billion**, and **$5.59 billion**, respectively, as of June 30, 2025, showing minimal change from year-end 2024[33](index=33&type=chunk) [Consolidated Statements of Operations](index=15&type=section&id=Consolidated%20Statements%20of%20Operations%20-%20KRLP) Consolidated Statements of Operations Highlights (in thousands) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $289,892 | $280,731 | $560,736 | $559,312 | | Net Income | $79,568 | $54,547 | $123,249 | $110,247 | | **Net Income Available to Common Unitholders** | **$69,112** | **$49,669** | **$108,495** | **$100,091** | [Notes to Unaudited Consolidated Financial Statements](index=19&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) This section details accounting policies and financial data, covering organization, property dispositions, debt, share-based compensation, and rental income [Note 1. Organization, Ownership, and Basis of Presentation](index=19&type=section&id=Note%201.%20Organization%2C%20Ownership%2C%20and%20Basis%20of%20Presentation) - The company is a REIT focused on premier office, life science, and mixed-use properties in Los Angeles, San Diego, the San Francisco Bay Area, Seattle, and Austin[45](index=45&type=chunk) Stabilized Portfolio Summary as of June 30, 2025 | Property Type | Count | Rentable Square Feet / Units | Occupancy | | :--- | :--- | :--- | :--- | | Office Properties | 118 buildings | 16,395,491 | 80.8% | | Residential Properties | 3 properties | 1,001 units | 94.5% | - As of June 30, 2025, properties excluded from the stabilized portfolio include one property held for sale (**663,460 sq ft**) and three development/redevelopment projects in the tenant improvement phase (**975,000 sq ft**)[48](index=48&type=chunk) [Note 2. Dispositions and Real Estate Held for Sale](index=22&type=section&id=Note%202.%20Dispositions%20and%20Real%20Estate%20Held%20for%20Sale) - During the six months ended June 30, 2025, the company sold one operating property for a gross price of **$40.0 million**, realizing a gain of **$16.6 million**[62](index=62&type=chunk)[63](index=63&type=chunk) - A four-building office property in Silicon Valley (**663,460 sq ft**) was classified as Held for Sale in Q2 2025, with an expected gross sales price of **$365.0 million**, anticipated to close in Q3 2025[64](index=64&type=chunk) Assets and Liabilities Held for Sale as of June 30, 2025 (in thousands) | Category | Amount | | :--- | :--- | | Total real estate and other assets held for sale, net | $255,795 | | Total liabilities related to real estate assets held for sale | $4,887 | [Note 4. Secured and Unsecured Debt of the Operating Partnership](index=23&type=section&id=Note%204.%20Secured%20and%20Unsecured%20Debt%20of%20the%20Operating%20Partnership) Unsecured Revolving Credit Facility Summary as of June 30, 2025 | Metric | Value | | :--- | :--- | | Outstanding Borrowings | $0 | | Remaining Borrowing Capacity | $1.1 billion | | Interest Rate | 5.65% | | Maturity Date | July 31, 2028 | Debt Maturities as of June 30, 2025 (in thousands) | Year | Principal Amount | | :--- | :--- | | Remaining 2025 | $603,153 | | 2026 | $401,317 | | 2027 | $249,125 | | 2028 | $400,000 | | Thereafter | $3,375,000 | | **Total Debt, Net** | **$4,597,719** | - For the six months ended June 30, 2025, the company capitalized **$41.9 million** of interest expense related to development and redevelopment projects, compared to **$40.3 million** in the same period of 2024[79](index=79&type=chunk) [Note 7. Share-Based Compensation](index=27&type=section&id=Note%207.%20Share-Based%20Compensation) - In February 2025, the company awarded **535,398 restricted stock units (RSUs)** to certain officers, split between performance-based and time-based vesting requirements[85](index=85&type=chunk) Share-Based Compensation Cost (in millions) | Period | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | Total Compensation Cost | $5.7 | $6.9 | $10.8 | $11.7 | - As of June 30, 2025, there was approximately **$33.4 million** of total unrecognized compensation cost related to nonvested RSUs, expected to be recognized over a weighted-average period of **2.0 years**[95](index=95&type=chunk) [Note 8. Rental Income and Future Minimum Rent](index=31&type=section&id=Note%208.%20Rental%20Income%20and%20Future%20Minimum%20Rent) Future Contractual Minimum Rent as of June 30, 2025 (in thousands) | Year | Amount | | :--- | :--- | | Remaining 2025 | $389,469 | | 2026 | $768,433 | | 2027 | $746,063 | | 2028 | $701,989 | | 2029 | $609,393 | | Thereafter | $1,644,306 | | **Total** | **$4,859,653** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) This section provides management's perspective on financial condition and operating results, including portfolio, tenants, leasing, development, and liquidity [Overview and Background](index=39&type=section&id=Overview%20and%20Background) Stabilized Portfolio Occupancy by Region as of June 30, 2025 | Region | Rentable Square Feet | Occupancy | | :--- | :--- | :--- | | Los Angeles | 4,261,793 | 74.4% | | San Diego | 2,871,241 | 85.0% | | San Francisco Bay Area | 5,507,135 | 84.8% | | Seattle | 2,996,347 | 78.5% | | Austin | 758,975 | 79.9% | | **Total Stabilized Portfolio** | **16,395,491** | **80.8%** | - The top 20 tenants accounted for **54.6%** of total annualized base rental revenue as of June 30, 2025, with a weighted average remaining lease term of **5.9 years**[130](index=130&type=chunk) [Factors That May Influence Future Results of Operations](index=42&type=section&id=Factors%20That%20May%20Influence%20Future%20Results%20of%20Operations) Leasing Activity - Six Months Ended June 30, 2025 | Leasing Type | Number of Leases | Total Rentable Square Feet | Change in GAAP Rents | Change in Cash Rents | | :--- | :--- | :--- | :--- | :--- | | 2nd Gen Leasing (New & Renewal) | 61 | 484,860 | (13.1)% | (18.5)% | | 1st Gen / Development | 8 | 105,272 | N/A | N/A | | **Total** | **69** | **590,132** | | | - Leases representing **12.4%** of the occupied square footage of the stabilized portfolio are scheduled to expire during the remainder of 2025 and in 2026[145](index=145&type=chunk) - The company has one development project (Kilroy Oyster Point Phase 2, **875,000 sq ft**) and two redevelopment projects (**90,000 sq ft** total) in the tenant improvement phase[154](index=154&type=chunk)[157](index=157&type=chunk) - The future development pipeline includes eight projects with the potential for over **6.0 million sq ft** of office space and approximately **1,750 residential units**[155](index=155&type=chunk) [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Net Operating Income (NOI) Comparison (in thousands) | Period | Q2 2025 | Q2 2024 | % Change | YTD 2025 | YTD 2024 | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Total NOI** | **$190,779** | **$187,996** | **1.5%** | **$371,018** | **$375,581** | **(1.2)%** | - Q2 2025 Same Property NOI increased by **$4.0 million** (**2.2%**) YoY, driven by higher revenue from tenant creditworthiness considerations and lower real estate taxes[172](index=172&type=chunk) - YTD 2025 Same Property NOI decreased by **$3.0 million** (**0.8%**) YoY, primarily due to a **$12.1 million** decrease in straight-line rent, partially offset by lower real estate taxes[187](index=187&type=chunk) - Interest expense decreased by **$5.9 million** in Q2 2025 and **$13.6 million** YTD 2025 compared to the prior year periods, mainly due to lower average outstanding debt balances[177](index=177&type=chunk)[192](index=192&type=chunk) [Liquidity and Capital Resources](index=60&type=section&id=Liquidity%20and%20Capital%20Resources) - As of June 30, 2025, the company had approximately **$193.1 million** in cash and cash equivalents and **$1.1 billion** available under its unsecured revolving credit facility[202](index=202&type=chunk) - The company's next significant debt maturities are in October 2025, including a **$200.0 million** term loan and **$400.0 million** in unsecured senior notes[234](index=234&type=chunk) Debt Composition as of June 30, 2025 | Debt Type | Percentage of Total Debt | Weighted Average Interest Rate | | :--- | :--- | :--- | | Unsecured | 87.0% | 4.0% | | Secured | 13.0% | 5.1% | | Variable-rate | 4.3% | 5.6% | | Fixed-rate | 95.7% | 4.1% | - The company has a **$500.0 million** share repurchase program, which commenced in February 2024, but has not completed any repurchases under it[240](index=240&type=chunk) [Non-GAAP Supplemental Financial Measure: Funds From Operations (FFO)](index=70&type=section&id=Non-GAAP%20Supplemental%20Financial%20Measure%3A%20Funds%20From%20Operations%20%28FFO%29) Funds From Operations (FFO) (in thousands) | Period | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **FFO** | **$135,891** | **$132,587** | **$258,201** | **$266,310** | [Quantitative and Qualitative Disclosures About Market Risk](index=72&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) No material changes to market risk disclosures have occurred since the 2024 Annual Report on Form 10-K - There have been no material changes to the market risk information previously disclosed in the 2024 Annual Report on Form 10-K[259](index=259&type=chunk) [Controls and Procedures](index=72&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures for both entities were effective as of June 30, 2025, with no material changes to internal control - Management concluded that the disclosure controls and procedures for both the Company and the Operating Partnership were effective as of June 30, 2025[261](index=261&type=chunk)[264](index=264&type=chunk) - No changes occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the internal control over financial reporting[262](index=262&type=chunk)[265](index=265&type=chunk) [PART II – OTHER INFORMATION](index=73&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=73&type=section&id=Item%201.%20LEGAL%20PROCEEDINGS) The company is subject to routine litigation, with no legal proceedings expected to materially affect its financial condition or operations - As of June 30, 2025, the company is not involved in any legal proceedings expected to have a material adverse effect[267](index=267&type=chunk) [Risk Factors](index=73&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes to risk factors have been reported since the 2024 Annual Report on Form 10-K - No material changes to risk factors from the 2024 Annual Report on Form 10-K have been reported[268](index=268&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=73&type=section&id=Item%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company reported no unregistered sales of equity securities, with common stock purchases solely for tax withholding on vested employee awards Purchases of Equity Securities by the Issuer - Q2 2025 | Period | Total Shares Purchased | Weighted Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 6,205 | $31.89 | | May 2025 | 0 | N/A | | June 2025 | 0 | N/A | | **Total** | **6,205** | **$31.89** | - The shares purchased were remitted to the company to satisfy tax withholding obligations related to vested restricted stock units[271](index=271&type=chunk)

Kilroy Realty (KRC) Q2 2025 Earnings Call July 29, 2025 01:00 PM ET Company ParticipantsAngela Aman - CEOEliott Trencher - EVP & CIOJeffrey Kuehling - EVP, CFO & TreasurerJana Galan - DirectorNicholas Yulico - Managing DirectorA. Robert Paratte - EVP & Chief Leasing OfficerCaitlin Szczupak - Vice PresidentBrendan Lynch - DirectorOmotayo Okusanya - Managing Director - Head of US REIT ResearchMichael Carroll - Managing DirectorJamie Feldman - MD & Head - REIT ResearchConference Call ParticipantsSteve Sakwa - ...

Financial Data and Key Metrics Changes - FFO for the quarter was $1.13 per diluted share, including approximately $0.11 per share of one-time items [10] - Cash same property NOI growth in the second quarter was 4.50%, with one-time items contributing 3.00% [10] - Occupancy at the end of the second quarter was 80.8%, down from 81.4% at the end of the first quarter [10] Business Line Data and Key Metrics Changes - The company is under contract to sell land at 20 Sixth Street in Los Angeles for $41 million, which is approximately $20 million per acre [6] - The sale of 501 Santa Monica was completed for $40 million, slightly over $500 per square foot [7] - A four-building campus in Silicon Valley is under contract for $365 million, with current occupancy at 89% expected to drop to 65% in 2026 [8] Market Data and Key Metrics Changes - The company has seen a resurgence in office demand in San Francisco, which is encouraging for future developments [3] - The spread between leased and occupied space increased to 270 basis points, a 100 basis point improvement year over year [12] - GAAP releasing spreads were negative 11.2% in the second quarter, while cash releasing spreads were negative 15.2% [12] Company Strategy and Development Direction - The company aims to monetize non-income producing land and concentrate investments in areas with robust demand drivers [5] - The Flower Mart project is the largest investment in the future development pipeline, requiring a redesign to maximize value [3] - The company is focused on maintaining flexibility in its development plans to respond to market conditions [4] Management's Comments on Operating Environment and Future Outlook - Management expects a modest decline in occupancy in the third quarter but is optimistic about positive net absorption in the fourth quarter [11] - The company raised its 2025 FFO outlook to a range of $4.05 to $4.15 per share, reflecting updated expectations for capitalization at the Flower Mart [13] - Management acknowledges the impact of AI on office space requirements, noting both job losses and new job creation in the tech sector [42][45] Other Important Information - The company has a total buyback authorization of approximately $400 million, which has not yet been utilized [22] - The company is actively evaluating its future land bank for monetization opportunities [81] Q&A Session Summary Question: Can you talk about the type of buyers and valuation discussions? - Management noted a variety of buyers including institutional and owner-users, with good depth in the bidding pool [17][20] Question: Can you provide more detail on KOP2 activity? - Management reported active lease negotiations for about 100,000 square feet primarily with life science and healthcare tenants [24][25] Question: How do you view the impact of AI on office space? - Management sees AI as a growth strategy for companies, with new job creation expected in markets like San Francisco [42][45] Question: What is the status of the Flower Mart project? - Management is in ongoing discussions with the city for flexibility in entitlements and expects to provide updates in future calls [60][91]

分组1 - Kilroy Realty (KRC) reported quarterly funds from operations (FFO) of $1.13 per share, exceeding the Zacks Consensus Estimate of $1.01 per share, and showing an increase from $1.1 per share a year ago, resulting in an FFO surprise of +11.88% [1] - The company achieved revenues of $289.89 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 7.52%, compared to $280.73 million in the same quarter last year [2] - Over the last four quarters, Kilroy Realty has exceeded consensus FFO estimates three times and topped consensus revenue estimates three times as well [2] 分组2 - The stock has underperformed the market, losing about 8.3% since the beginning of the year, while the S&P 500 has gained 8.6% [3] - The current consensus FFO estimate for the upcoming quarter is $1.00 on revenues of $270.62 million, and for the current fiscal year, it is $3.96 on revenues of $1.08 billion [7] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Kilroy Realty Supplemental Financial Report Q2 2025 Exhibit 99.1 Where Innovation Works KILROY REALTY CORPORATION REPORTS SECOND QUARTER FINANCIAL RESULTS --------------- LOS ANGELES, July 28, 2025 - Kilroy Realty Corporation (NYSE: KRC) ("Kilroy" or the "Company") today reported financial results for the second quarter ended June 30, 2025. "We are pleased to report on a strong quarter of execution across every facet of our business," reported Angela Aman, CEO. "Leasing momentum accelerated during the quart ...

Kilroy Realty Corporation Quarter Ended December 31, 2024 Company Overview Who is Kilroy? | IO QUICK FACTS | | | | --- | --- | --- | | abilized Portfolio | | 17,142,721 | | ેટ | | 123 | | ed (%) | | 82.8% / 84.9% | | ENANTS BY ABR (1) | | | | % of | % of | Credit Ratings | | ABR (1) | RSF | (S&P / Moody's) | | 5.7% | 5.0% | AA+ / Aaa | | 4.5% | 2.2% | BBB / Baa2 | | 4.2% | 2.5% | NR / NR | | 3.5% | 3.1% | A+ / A1 | | 3.3% | 3.4% | AAA / Aaa | | 3.1% | 2.8% | A+ / A1 | | 3.1% | 1.7% | NR / NR | | 3.0% | 1.4% ...