Kilroy Realty: Strong Dividend Coverage And Low Multiple To FFO

JHVEPhoto Kilroy Realty (NYSE:KRC) has dipped 18% year-to-date as market enthusiasm over a potentially dovish pathway for Fed rate cuts in 2024 has given way to angst from a return of higher for longer. There is a rising probability of zero rate cuts in 2024, an event that would see REIT continue to trade on historically low multiples. KRC generated fiscal 2024 first quarter funds from operations ("FFO") of $1.11 per share, beating consensus and up by 2 cents sequentially with guidance for FFO to come in be ...