Kilroy Realty Corporation
KRC · Price history
Price at last available close
$35.40
+$1.48 (+4.36%) 1M
2026-10-28
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Company & revenue
About Kilroy Realty Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Kilroy Realty Corporation (NYSE: KRC) is a distinguished real estate investment trust (REIT) and a leading developer on the West Coast of the United States. Its operations span key markets including San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. Globally celebrated for its commitment to sustainability, excellence in building operations, and groundbreaking innovation and design, KRC stands out.
How they make money
Kilroy Realty Corporation is a self-administered real estate investment trust that generates revenue primarily through the ownership, development, acquisition, and management of premier office and life science properties. The company earns rental income from leasing these commercial spaces to tenants across strategic markets in the United States, while managing operating expenses through internal property management, leasing, and construction functions.
Products & services
The company provides commercial real estate space, specifically focusing on premier office and life science properties, as well as mixed-use developments.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Technology companies (software, social media, hardware, cloud computing, internet media, and technology services)Source
Customer concentration
As of December 31, 2025, technology companies accounted for 51% of the company's office portfolio annualized base rental revenues.
Suppliers, materials & equipment
- Construction and development contractors — Third-party contractors engaged for the construction and development of real estate assets.Source
Competitors
- Developers, owners, operators, and acquirers of office and life science properties — Entities that own or develop properties similar to the company's in the same submarkets.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt is at least one year of revenue
Debt is large relative to the company's recent revenue base. Review maturity dates, borrowing terms and whether available liquidity can support the obligation.
Interest coverage is below 2x
Reported earnings provide limited coverage of interest expense. Review the underlying interest and operating-income figures because weak coverage can increase refinancing and liquidity risk.
Free cash flow is negative
The latest reported period did not generate positive free cash flow. Check whether the cash use reflects development investment, working capital or continuing operating losses.
Cash covers less than 20% of total debt
Cash on hand is small relative to reported debt. Compare unrestricted cash, debt maturities and expected financing needs rather than treating the ratio alone as a default prediction.
Quarterly EPS fell 70.2% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
24
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
33
Poor
Financial Strength
39
Business Quality / Moat
27
Management
24
Growth Quality
23
Risk / Durability
67
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
19
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
25/100
Building Historical Record
Model Score 25/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •High debt risk
- •M&A headline · Sep 21, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for KRC
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving KRC's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can KRC fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is KRC's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify KRC's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of KRC's score?
Essential Investment Snapshot
Wall Street Score
24
Opportunity Score
19
Market Cap
$4.12B
P/E Ratio
23.1
EPS
$1.44
52-Week High
$43.58
52-Week Low
$27.36
Beta
1.14
Intrinsic Value
$13.61
Analyst Target
$38.00
Shares Outstanding
119.0M
Total Revenue
$1.09B
Total Debt
$4.66B
Dividend
No current dividend
Liquidation Value / Share
$45.78
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for KRC
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Sep 21, 2026
20,293 Shares in Kilroy Realty Corporation $KRC Acquired by Tidal Investments LLC — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on KRC.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Strategic market presence in San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin.
- +Internalized property management, leasing, and development functions.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
25
Jul 24, 2026
Change
-0.8
points
Current Score
24
Oct 1, 2026
Category Changes
KRC decreased 0.8 points because Capital declined by 3 points, Management declined by 4.3 points, Valuation declined by 2.6 points.
Positive Contributors
- + Asset improved by 2.3 points
Negative Contributors
- − Capital declined by 3 points
- − Management declined by 4.3 points
- − Valuation declined by 2.6 points
Projected Score
Projected Score
17
Projected Change
-7.8 points
Preliminary comparable-period financial changes suggest decline of approximately 7.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$35.43
Model Intrinsic Value
$13.61
Difference
+$21.82
+160.4% vs IV
Margin of Safety
-160.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.11B | $1.14B | $1.13B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $561.3M | $367.2M | $372.9M | $351.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $533.0M | $745.5M | $762.8M | $778.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $89.3M | $85.0M | $72.1M | $93.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $258.4M | $430.0M | $428.2M | $448.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $743.1M | $808.5M | $735.5M | $708.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $274.6M | $315.5M | $334.5M | $329.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $203.2M | $185.0M | $145.3M | $114.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $165.3M | $278.5M | $233.0M | $238.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $169.3M | $276.1M | $211.0M | $212.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.44 | $2.32 | $1.78 | $1.80 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 117M | 119M | 118M | 117M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 118M | 119M | 118M | 118M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$272.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.17
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-1.3%
Cash Change
+31.4%
Margin Change
-16.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included cash levels, debt levels. Pressure indicators included revenue growth, EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 6.0%. EPS declined 70.2%. Cash increased 31.4%. Total debt declined 1.3%. Net income margin declined by 16.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
51
Smart Money
51
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · KRC
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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