Report
Brad Schwer

Kilroy Realty Reports Solid First-Quarter Results; Sees Strong Demand in West Coast Markets

Kilroy Realty’s first-quarter results were in line with our expectations and we saw nothing to alter our long-term view of the firm. Kilroy has a more significant West Coast presence than the other office REITs we cover, and that seemingly is where the most favorable market dynamics exist. Technology firms and content creators are leading the demand, with FIRE (financial services, insurance, and real estate) tenants not far behind. Seattle continues to be among the strongest performers given its...
Underlying
Kilroy Realty Corporation

Kilroy Realty is a self-administered real estate investment trust engaged in premier office and mixed-use submarkets along the West Coast. The company owns, develops, acquires and manages real estate assets, consisting primarily of class A properties in the coastal regions of Greater Los Angeles, San Diego County, the San Francisco Bay Area and Greater Seattle. The company owns its interests in all of its real estate assets through Kilroy Realty, L.P. (Operating Partnership) and Kilroy Realty Finance Partnership, L.P. and conducts substantially all of its operations through the Operating Partnership. The company's stabilized portfolio of operating properties include stabilized office and residential properties.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brad Schwer

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