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, 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 ...

Portfolio and Properties - As of December 31, 2022, the stabilized portfolio included 119 office properties with a total rentable area of 16,194,146 square feet and an occupancy rate of 91.6%[26] - The company added four buildings totaling 1,114,704 square feet to its stabilized portfolio during 2022, located in Seattle and San Diego[27] - The company holds a 99.0% common general partnership interest in its Operating Partnership as of December 31, 2022[30] - The company is strategically positioned to acquire properties and development opportunities in West Coast and Austin markets, focusing on knowledge and creative-based tenants[40] - The company owned all properties, development projects, and redevelopment projects, with the exception of ten stabilized office properties and two future development projects located outside California[179] - The company’s properties are primarily located in California, with additional projects in Washington and Texas, indicating a strategic focus on these markets[179] - The company’s stabilized office properties include a mix of older and newer buildings, with some constructed as recently as 2020[184] - The company’s properties are well maintained and do not require significant capital improvements, reflecting a strong asset management strategy[182] Development and Future Projects - The future development pipeline consists of eight sites representing approximately 64 gross acres of undeveloped land, with the potential to develop over 6.5 million square feet of various property types[36] - The company had one development project in the tenant improvement phase totaling approximately 734,000 square feet and two under construction totaling approximately 946,000 square feet as of December 31, 2022[36] - The company estimates that its eight future development sites provide more than 6.5 million square feet of potential density[134] - Future development pipeline includes significant projects such as Flower Mart in SOMA with 2,300,000 developable square feet and Kilroy Oyster Point Phases 3 and 4 with 875,000 to 1,000,000 square feet[197] Financial Performance and Revenue - The company reported a revenue increase of 8.3% year-over-year, reaching $1,199.3 million[185] - For the year ended December 31, 2022, approximately 99.0% of revenues were derived from rental income[99] - The company reported a total annualized rent of $1,199,995,400, representing a 0.0% change[186] - The annualized rent per square foot for renovated properties was $33.1, reflecting a 7.3% increase[185] - The company reported a revenue of $1.5 billion, representing a 9.5% increase year-over-year[1] - The company provided a future outlook with a revenue guidance of $1.6 billion for the next quarter, representing a 10% increase[3] Sustainability and Environmental Initiatives - The company has been recognized for its sustainability efforts, being a member of the Dow Jones Sustainability World Index since 2017 and receiving the GRESB 5 Star designation in 2022[43] - The company incorporates green lease language into 100% of new leases, promoting energy efficiency and resource conservation[43] - Total energy consumption in 2021 was 242,577 MWh, a like-for-like decrease of 2% from 2020's 257,113 MWh[44] - Total water withdrawn in 2021 was 649,982 m³, reflecting a like-for-like decrease of 2% from 2020's 659,051 m³[45] - The company achieved carbon neutral operations in 2020 and 2021, with expectations to achieve this for a third time in 2022[57] - As of December 31, 2022, 71% of the properties were LEED certified, and 65% of eligible stabilized office properties were ENERGY STAR certified[56] - The company plans to invest $500 million in sustainability initiatives over the next five years[185] Risks and Challenges - Rising inflation rates may increase the company's general and administrative expenses, impacting results of operations and cash flows[88] - The company faces risks associated with potential tenant defaults due to adverse financial conditions in key industries such as technology and life sciences[84] - Increased interest rates could raise the company's financing costs and negatively impact the valuation of its real estate portfolio[89] - The company is subject to governmental regulations that may affect the development and use of its properties, potentially impacting financial performance[80] - The presence of hazardous materials handled by tenants may expose the company to environmental liabilities, despite requiring compliance with environmental laws[75] - The company may incur additional environmental remediation costs, but these cannot be reasonably estimated at this time due to various uncertainties[72] Tenant and Lease Information - The 15 largest tenants represented approximately 46.5% of total annualized base rental revenues as of December 31, 2022[58] - 58% of tenants operated in the technology industry, 18% in life science and health care, and 8% in the media industry as of December 31, 2022[101] - As of December 31, 2022, approximately 91.8% of leases contained effective annual rent escalations of at least 3%[90] - 43% of the company's properties are leased on a triple net basis, 25% on a full service gross basis, 24% on a modified gross basis, and 8% on a modified net basis, as a percentage of annualized base rental revenue[86] Corporate Governance and Management - The company employs 259 people as of December 31, 2022, focusing on diversity and inclusion initiatives[61] - The loss of key personnel, such as the CEO, could adversely affect the company's operations and financial performance[135] - The Chairman and CEO, John Kilroy, beneficially owned approximately 1.3% of the total outstanding shares as of December 31, 2022, indicating substantial influence over the company[150] Debt and Financing - The financing strategy focuses on limiting leverage and maintaining a conservative debt-to-total market capitalization ratio, utilizing multiple sources of capital[41] - The company had approximately $4.3 billion in aggregate principal amount of indebtedness as of December 31, 2022, with total debt representing 48.5% of its total market capitalization[137] - The company has no borrowings under its unsecured revolving credit facility and $200.0 million outstanding under its unsecured term loan facility as of December 31, 2022[89] - A downgrade in credit ratings could adversely affect the company's costs and availability of capital, impacting its financial condition and results of operations[143]

Kilroy Realty Corporation (NYSE:KRC) Q4 2022 Earnings Conference Call February 2, 2023 1:00 PM ET Company Participants Nick Yulico - Scotiabank Bill Hutcheson - SVP, IR and Capital Markets John Kilroy - Chairman and CEO Tyler Rose - President Justin Smart - President and current President of Development and Construction Service Rob Paratte - EVP, Leasing and Business Development Eliott Trencher - CIO and CFO Conference Call Participants Camille Bonnel - Bank of America Blaine Heck - Wells Fargo Michael Grif ...

Kilroy Realty Corporation (NYSE:KRC) Q3 2022 Earnings Conference Call October 26, 2022 1:00 PM ET Company Participants Bill Hutcheson - Senior Vice President, Investor Relations and Capital Markets John Kilroy - Chairman and CEO Tyler Rose - President Rob Paratte - Executive Vice President, Leasing and Business Development Eliott Trencher - Chief Investment Officer and Interim CFO Conference Call Participants Steve Sakwa - Evercore ISI Camille Bonnel - Bank of America Derek Johnston - Deutsche Bank Nick Yul ...

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, 2022 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) Q2 2022 Earnings Conference Call July 28, 2022 1:00 PM ET Company Participants Bill Hutcheson - SVP, IR & Capital Markets John Kilroy - Chairman & CEO Tyler Rose - President Rob Paratte - EVP, Leasing & Business Development Eliott Trencher - CIO & Interim CFO Conference Call Participants Nick Yulico - Scotiabank John Kim - BMO Capital Markets James Feldman - Bank of America Brian Spahn - Evercore ISI Michael Griffin - Citi Blaine Heck - Wells Fargo Vikram Malhotra - Mizu ...

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 June 30, 2022 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 NAREIT REALTY June 7-8, 2022 KILROY REALTY | 0 KOP 2 / South San Francisco AGENDA 333 Dexter | Seattle, WA 01 Platform Highlights 02 Market Observations 03 Value Creation Through Capital Allocation 04 Strong Financial Position 05 Appendix KILROY REALTY | 1 KILROY REALTY | 2 PLATFORM HIGHLIGHTS KILROY REALTY | 3 | --- | --- | --- | --- | --- | |--------------------------------------------|------------------------------------------------------------------------------------------------------------------ ...

Kilroy Realty Corporation (NYSE:KRC) Q1 2022 Earnings Conference Call April 28, 2022 1:00 PM ET Company Participants Bill Hutchison - Senior Vice President, Investor Relations John Kilroy - CEO & Chairman Tyler Rose - President, Secretary Rob Paratte - Executive Vice President, Leasing and Business Development Eliott Trencher - Executive VP, CIO, Interim CFO & Treasurer Conference Call Participants Nick Yulico - Scotiabank John Kim - BMO Manny Korchman - Citigroup Caitlin Burrows - Goldman Sachs Vikram Malh ...

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, 2022 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 ...