Kilroy Realty (KRC) Company Overview

LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC, "Kilroy") announced today the 2024 tax treatment of its dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #49427F108) are to be classified for income tax purposes as follows: Record Date Payable Date Total Distribution per Share Total Distribution Attributable to 2024 2024 Taxable Ordinary Dividend 2024 Total Qualified Dividend (1) 2024 Total Capital Gain Distribution 2024 Unrec.

Kilroy Realty Corporation offers a 5.46% forward dividend yield with 27 consecutive years of payments, showcasing its stability and favorable long-term investment potential. KRC's Q3 2024 results were strong, with revenue growth, increased FFO, and positive leasing activity, with increased guidance going forward. Despite uncertainties in the office sector, KRC's strong balance sheet, low price to book ratio, and positive market trends support its growth outlook.

I am bullish on the company due to its resilience demonstrated by high occupance rate and dominant financial performance relative to peers. The company has a very stable and sustainable dividend policy making it a dependable income generator. Kilroy Realty Corporation is trading at a 20.19% discount, offering a decent entry point for potential investors.

Friday was a positive day for investors in Kilroy Realty, a commercial real estate company. After an analyst upgraded the stock and raised its price target, Kilroy's shares surged, finishing the trading day over 4% higher.

Kilroy Realty Corporation (NYSE:KRC) will hold its Q3 2024 Results Conference Call on October 29, 2024, at 1:00 PM ET. The call will feature several company executives, including CEO Angela Aman and CFO Jeffrey Kuehling. Various financial analysts from major banks will also participate in the call.

Kilroy Realty Corporation (NYSE: KRC) has announced that it will share its financial results for the third quarter of 2024 after the market closes on Monday, October 28, 2024. A conference call to discuss these results will take place on Tuesday, October 29, 2024, at 10:00 a.m. PT / 1:00 p.m. ET. To join the call and get the dial-in information, please register using this link: https://www.netroadshow.com/events/login?show=f1c41247&confId=58186.

The Q2 earnings report revealed a drop in revenue and funds from operations (FFO) per share, but there was an improvement in liquidity and revised forecasts. Occupancy rates differ in key cities, and strong leasing activity suggests there could be a rise in occupancy and FFO per share. Valuation models indicate that KRC shares may be undervalued, with a possible increase of up to 26.82% even under cautious growth expectations.

Office REITs have faced many risks recently, but the sector seems to be finding stability. Kilroy Realty's stock is still undervalued, even with the difficulties in office space demand, and it is showing improvements in occupancy and leasing activity. With its strong property portfolio, good financial health, and a 6.4% dividend yield, KRC is a promising option for those looking for income and value investments.

Kilroy Realty (KRC) reported quarterly funds from operations (FFO) of $1.10 per share, which is higher than the Zacks Consensus Estimate of $1.08 per share. However, this is lower than the FFO of $1.19 per share from the same period last year.