Kilroy Realty Q4 FFO Drops 19% to $0.97, Revenue Tops Forecasts
Kilroy Realty’s Q4 adjusted FFO slid to $0.97 per share, a 19% year‐over‐year drop and 1.12% short of estimates, while revenue reached $272.2 million, beating forecasts by 0.58% but down from $286.4 million a year earlier. Shares are down 6.3% YTD as analysts trim next‐quarter FFO forecasts to $0.88.
1. Q4 FFO Miss and Revenue Beat
Kilroy Realty posted adjusted funds from operations of $0.97 per share for the quarter ended December 2025, missing the $0.98 consensus by 1.12% and falling 19% from $1.20 a year ago. Revenue totaled $272.2 million, a 0.58% beat over estimates but down from $286.4 million in the prior year.
2. Stock Performance and Industry Trend
Shares have declined about 6.3% year-to-date, underperforming the S&P 500’s 1.3% gain, as the REIT and Equity Trust – Other sector sits in the bottom quartile of industry performance. The underperformance reflects mixed operational results and tempered investor sentiment in the real estate investment trust space.
3. Near-Term Outlook and Estimates
Analysts project Q1 FFO of $0.88 per share on $269.1 million in revenue and full-year FFO of $3.36 on $1.08 billion in revenue, marking downward revisions ahead of the company’s next earnings call. Future stock momentum will hinge on management’s commentary and any updates to guidance.