What is the revenue and EPS growth rate for Kilroy Realty year over year?

What is the market's earnings forecast for Kilroy Realty next quarter?

What is Kilroy Realty's gross profit margin?

Did Kilroy Realty beat or miss consensus estimates last quarter?

What is Kilroy Realty's latest dividend and current dividend yield?

What factors drove the changes in Kilroy Realty's revenue and profit?

What does Kilroy Realty do and what are its main business segments?

What were the key takeaways from Kilroy Realty's earnings call?

- **Leasing Triumph**: 400,000 sq ft leased Q2, including landmark AI deal in SF and record-breaking San Diego lease. 
- **Strategic Sales**: $405M from asset dispositions, repurposing capital for high-growth KOP and Flower Mart projects. 
- **AI Growth Driver**: AI tenants fueling demand for flexible, premium space; 201 Third Street lease underscores trend. 
- **Flower Mart Reset**: Project redesign to enable phased development; capitalization pause by year-end 2025. 
- **FFO Beat**: $1.13/share vs. $1.02 prior, with 2025 FFO guidance raised to $4.05-$4.15.

**【CEO Summary Section】**
- **Leasing Momentum**: Signed 400,000 sq ft of new and renewal leases Q2, with notable strength in San Francisco (AI tenant at 201 Third Street) and San Diego (record-breaking lease at One Paseo). 
- **Strategic Dispositions**: Sold 501 Santa Monica ($40M) and a 4-building Silicon Valley campus ($365M), freeing capital for high-growth opportunities. 
- **Development Pipeline**: Kilroy Oyster Point (KOP) nearing 100,000 sq ft of life science/healthcare leases, with tour activity up 110% YoY in SOMA. Flower Mart project redesign underway to allow phased development, with capitalization ceasing by year-end 2025.

**【CFO Financial Commentary】**
- **FFO Performance**: Q2 FFO of $1.13/share (vs. $1.02 prior guidance), driven by $10.7M lease termination fee and $6.9M bad debt reversal. 
- **Same-Property NOI**: -1% to -2% for 2025 (vs. -3% prior), reflecting onetime items and delayed 2024 restoration income. 
- **Balance Sheet**: $400M buyback authorization remains unused; proceeds from dispositions will fund reinvestment and debt repayment.

**【Q&A Highlights】**
- **AI Impact**: AI tenants driving demand for flexible, high-quality space in SF; 201 Third Street lease with AI company highlights trend. 
- **Flower Mart Update**: City approvals for revised entitlements expected by year-end; no 2026 capitalization assumed. 
- **KOP 2 Progress**: 100,000 sq ft in active lease nego., with life science/healthcare tenants; rents hold despite broader market headwinds. 
- **2026 Outlook**: 200k+ sq ft expirations in Q2 2026, but team focused on retaining 60%+ of expiring space through early renewals.

Kilroy Realty Corporation (KRC) Q2 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

KRC

KRC fundamentals

You can ask Aime