Kilroy Realty Q2 revenue falls on lower portfolio occupancy rates
KRC•Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 11 "hold" and 2 "sell" or "strong sell".
The average consensus recommendation for the commercial REITs peer group is "buy."
Wall Street's median 12-month price target for Kilroy Realty Corp. is $38.00, about 3.6% below its July 24 closing price of $39.42.
The stock recently traded at 39 times the next 12-month earnings versus a P/E of 64 three months ago.
Quarterly results
Kilroy Realty's Q2 revenue declined year over year but beat analyst expectations.
Net income and FFO fell from the prior-year quarter.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $272.40 mln | $268.51 mln (8 Analysts) |
| Q2 EPS | $0.17 | ||
| Q2 Net Income Available to Common Stockholders | $19.90 mln | ||
| Q2 FFO | $109.33 mln | ||
| Q2 Dividend | $0.54 |
Guidance and occupancy outlook
Kilroy affirmed full-year 2026 Nareit FFO guidance of $3.49 to $3.63 per diluted share.
The company revised 2026 total development spending guidance to approximately $150 mln.
Kilroy expects average full-year occupancy of 76.5% to 78.0% in 2026.
