Kilroy Realty affirms 2026 FFO forecast at $3.49-$3.63 a share
KRC•Interest expense and spending assumptions
Guidance also models gross interest expense of $208 million to $209.5 million, with capitalized interest of $48.5 million to $49.5 million.
The outlook assumes operating property dispositions of $347.5 million to $500 million, with total development spending of plus or minus $150 million.
Occupancy, NOI, and development assumptions
The company said its outlook assumes average occupancy of 76.5% to 78%, or 80.5% to 81.5% excluding Kilroy Oyster Point Phase 2.
It targets same-property cash NOI growth of 0.25% to 1.25%, with NOI from development properties of minus $22.5 million to minus $24 million.
2026 FFO guidance reaffirmed
Kilroy Realty reaffirmed full-year 2026 Nareit FFO per diluted share guidance of $3.49 to $3.63.
