KRC Continues to Benefit from a Healthy West Coast Office Market; FVE Unchanged
Kilroy Realty reported solid first-quarter results, driven by the strength of supply constrained West Coast Office Markets. At the end of the first quarter, the company’s portfolio was 92.5% occupied and around 96% leased. Funds from operations per diluted share increased slightly to $0.95 from $0.94 a year earlier, with strong fundamentals being offset by short-term impacts related to short-term tenant-specific impacts. Following the first-quarter results, management increased the midpoint of i...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.
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