UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12675 (Kilroy Realty Corporation) Commission File Number: 000-54005 (Kilroy Realty, L.P.) KILROY REALTY CORPORATION KILROY REALTY ...

Kilroy Realty Corporation (NYSE:KRC) Q1 2024 Earnings Conference Call May 3, 2024 12:00 PM ET Company Participants Bill Hutcheson - SVP, IR & Capital Markets Angela Aman - CEO Justin Smart - President Rob Paratte - Chief Leasing Officer Eliott Trencher - CIO & CFO Conference Call Participants Blaine Heck - Wells Fargo Camille Bonnel - Bank of America Merrill Lynch Michael Griffin - Citigroup Steve Sakwa - Evercore ISI John Kim - BMO Caitlin Burrows - Goldman Sachs Dylan Burzinski - Green Street Advisors Upa ...

Q1 2024 Supplemental Financial Report KILROY REALTY CORPORATION REPORTS FIRST QUARTER FINANCIAL RESULTS --------------- Financial Results • Revenues of $278.6 million • Net income available to common stockholders of $0.42 per diluted share • Funds from operations available to common stockholders and unitholders ("FFO") of $133.7 million, or $1.11 per diluted share • Stabilized portfolio was 84.2% occupied and 85.7% leased at March 31, 2024 • Signed approximately 400,000 square feet of leases, inclusive of 1 ...

Portfolio and Occupancy - As of December 31, 2023, the stabilized portfolio included 121 office properties with a total rentable area of 17,044,128 square feet, achieving an occupancy rate of 85.0% and a leased percentage of 86.4%[26] - The stabilized residential properties consist of 3 properties with 1,001 units, achieving an occupancy rate of 92.8%[183] - As of December 31, 2023, approximately 15.0% of the total square footage of the company’s stabilized office properties was unoccupied[91] - 48% of the properties are leased on a triple net basis, 23% on a full service gross basis, and 21% on a modified gross basis[188] - The company’s properties are primarily located in California, with some in Washington and Texas[186] - The company reported a total rentable square footage of 17,044,128 square feet across 121 properties, with an occupancy rate of 85.0%[195] - The property located at 200 W. 6th Street, Austin CBD, Texas, has a rentable area of 758,975 square feet and an occupancy rate of 64.9%[195] - The annualized base rent for the total portfolio is $807,804,000, averaging $56.31 per square foot[195] - The company emphasizes the importance of economic occupancy in its reporting metrics[195] Development and Future Projects - The company added two development projects totaling 829,591 square feet of office space in San Diego and Austin during 2023, with one in-process development project under construction of approximately 875,000 square feet[28] - The future development pipeline consists of eight sites representing approximately 64 gross acres of undeveloped land, with the potential to develop over 6.0 million square feet of various property types[29] - The future development pipeline includes approximately 3.5 million to 4 million developable square feet across various locations, including Greater Los Angeles and San Francisco Bay Area[202] - The company has ongoing in-process development projects totaling 875,000 square feet, with stabilization expected by Q4 2025[198] - The company has two in-process redevelopment projects totaling 100,000 square feet, with stabilization expected by Q2 2025[200] Financial Position and Strategy - The company maintains a strong financial position, allowing it to pursue attractive acquisition and development opportunities, supported by over 75 years of experience in West Coast markets[36] - The financing strategy aims to maintain significant liquidity and a conservative leverage ratio, utilizing multiple sources of capital and managing interest rate exposure primarily on a fixed-rate basis[40] - The company had $520.0 million outstanding under its unsecured term loan facility as of December 31, 2023, with no borrowings under its unsecured revolving credit facility[75] - The company had approximately $5.0 billion in aggregate principal amount of indebtedness as of December 31, 2023, with $929.7 million in principal payments expected during the year ending December 31, 2024[136] - Total debt represented 51.3% of the company's total market capitalization as of December 31, 2023[136] - The company is required to distribute at least 90% of its taxable income to maintain its REIT qualification, which may limit its ability to fund future capital needs from operating cash flows[147] Sustainability and Environmental Initiatives - The company has received high sustainability performance rankings, including the GRESB 5 Star designation and the US EPA ENERGY STAR Partner of the Year Sustained Excellence Award for eight consecutive years[41] - The company aims to build new projects to LEED specifications, pursuing Platinum or Gold certification for all office and life science developments[43] - The company is pursuing LEED Gold certification for approximately 946,000 square feet of office and life science space, focusing on energy efficiency strategies[44] - The company has achieved carbon neutral operations since 2020 and expects to maintain this status for the fourth consecutive year in 2023[45] - The company continues to track and report on its progress toward carbon reduction goals validated by the Science-Based Targets Initiative[45] - The company incorporates green lease language into 100% of new leases, aligning interests on energy, water, and waste efficiency[101] - The company is focusing on sustainability, aiming for a 20% reduction in carbon emissions by 2025[192] Competition and Market Risks - The company faces significant competition, which may decrease occupancy and rental rates of its properties[15] - A downturn in tenants' businesses could reduce the company's revenues and cash flows, impacting overall financial condition[15] - The company may not be able to renew leases or re-lease available space, which could adversely affect financial performance[15] - The company is subject to risks associated with climate change and sustainability strategies, which may affect its operations[15] - The company may face challenges in obtaining necessary materials and skilled labor for construction projects due to economic or political changes[79] Employee and Community Engagement - As of December 31, 2023, the company employed 248 people and emphasizes employee development through various training and education programs[50] - The company has been recognized in Bloomberg's Gender Equality Index for five consecutive years, with 56% of its workforce being female and 42% ethnically diverse[51] - The company expanded its "Week of Service" initiative into a "Month of Service," with over 165 employees dedicating more than 1,000 hours to community service in 2023[54] Revenue and Financial Performance - For the year ended December 31, 2023, approximately 98.9% of the company’s revenues were derived from rental income[88] - The company reported a revenue increase of 7.9% year-over-year, reaching $1,007.7 million[192] - The company reported a revenue increase of 9.0% year-over-year, reaching $1.56 billion[1] - The company reported a revenue of $2.555 billion, representing a 40.1% increase year-over-year[1] - The company reported a revenue increase of 8.2% year-over-year, reaching $1.76 billion in Q3 2023[1] - The company provided a future outlook with a revenue guidance of $1.5 billion for the next quarter, representing a 5.0% increase[3] - New product launches are expected to contribute an additional $250 million in revenue, with a projected growth rate of 7.4%[4] Cybersecurity and Compliance - The company has a Cybersecurity Incident Response Plan that is reviewed annually to ensure preparedness for potential cybersecurity incidents[179] - The Audit Committee oversees the company's cybersecurity risk management program and receives periodic reports from management[175] - The company has not identified any known cybersecurity risks that have materially affected its operations or financial condition[176] - Legislative or regulatory changes could adversely impact the company's ability to qualify as a REIT and its tax treatment[171]

Kilroy Realty Corporation (NYSE:KRC) Q4 2023 Results Conference Call February 6, 2024 1:00 PM ET Company Participants Bill Hutcheson - Vice President, IR Angela Aman - CEO Justin Smart - President Rob Paratte - Chief Leasing Officer Eliott Trencher - CIO and CFO Conference Call Participants Camille Bonnel - Bank of America Merrill Lynch Nick Yulico - Scotiabank Steve Sakwa - Evercore ISI Michael Griffin - Citigroup Blaine Heck - Wells Fargo John Kim - BMO Dylan Burzinski - Green Street Advisors Upal Rana - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12675 (Kilroy Realty Corporation) Commission File Number: 000-54005 (Kilroy Realty, L.P.) KILROY REALTY CORPORATION KILROY RE ...

Kilroy Realty Corporation (NYSE:KRC) Q3 2023 Results Conference Call October 26, 2023 1:00 PM ET Company Participants Bill Hutcheson - SVP, IR & Capital Markets John Kilroy - Chairman, CEO Justin Smart - President Rob Paratte - Chief Leasing Officer Eliott Trencher - CIO, CFO Conference Call Participants Blaine Heck - Wells Fargo Caitlin Burrows - Goldman Sachs Dylan Burzinski - Green Street Camille Bonnel - Bank of America John Kim - BMO Michael Griffin - Citi Nick Yulico - Scotiabank Peter Abramowitz - Je ...

Kilroy Realty Corporation (NYSE:KRC) Q2 2023 Earnings Conference Call August 1, 2023 1:00 PM ET Company Participants William Hutcheson - Senior Vice President of Investor Relations and Capital Markets John Kilroy - Chairman and Chief Executive Officer Justin Smart - President Robert Paratte - Executive Vice President and Chief Leasing Officer Eliott Trencher - Executive Vice President, Chief Financial Officer and Chief Investment Officer Conference Call Participants Nicholas Yulico - Scotiabank Steve Sakwa ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-12675 (Kilroy Realty Corporation) Commission File Number: 000-54005 (Kilroy Realty, L.P.) KILROY REALTY CORPORATION KILROY REALTY, ...

Kilroy Realty Corporation (NYSE:KRC) Q1 2023 Earnings Conference Call April 27, 2023 1:00 PM ET Company Participants Bill Hutcheson - SVP, IR and Capital Markets John Kilroy - Chairman and CEO Justin Smart - President Rob Paratte - EVP, Leasing and Business Development Eliott Trencher - CIO and CFO Conference Call Participants Nick Yulico - Scotiabank Georgi Dinkov - Mizuho John Kim - BMO Caitlin Burrows - Goldman Sachs Michael Griffin - Citi Blaine Heck - Wells Fargo Camille Bonnel - Bank of America Tayo O ...