Kilroy Realty Corporation (KRC) AI Stock Analysis

Kilroy Realty Corporation is a publicly traded real estate investment trust and an S&P MidCap 400 constituent with over seventy years of experience developing, acquiring, and managing office and mixed-use properties along the U.S. West Coast. Its footprint centers on San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest, catering to clients in technology, entertainment, life sciences, and business services. As of September 30, 2020, its stabilized portfolio comprised roughly 14.3 million square feet with a 92.2% occupancy rate and a 95.5% lease rate. KRC also manages 808 residential units across Hollywood and San Diego.

KRC grew annual revenue from $955.0M in FY2021 to $1.14B in FY2024 before contracting 2.0% to $1.11B in FY2025. Gross margins declined from 71.8% in FY2021 to 67.0% in FY2025, while operating margins moved from 29.6% down to 28.4%. Net income rose to $276.1M in FY2025 from $211.0M in FY2024, though EPS fell from $1.77 to $1.39. For the latest quarter ended June 30, 2026, performance softened further as quarterly revenue declined 6.0% year-over-year and quarterly earnings dropped 70.2%, leaving TTM EPS at $1.43 on $1.09B in revenue.

As of June 30, 2026, KRC held $288.8M in cash and short-term investments against $4.66B in total debt, resulting in net debt of $4.38B. The company recorded a current ratio of 0.71 and a debt-to-equity ratio of 0.89 alongside shareholders' equity of $5.23B. In FY2025, operating cash flow reached $566.3M, but high capital expenditures of $688.0M led to free cash flow of -$121.7M. That year, the company paid $257.9M in dividends and allocated $6.6M to share buybacks.

KRC trades at a trailing P/E of 24.4x, above the 21.6x median of its US-listed Real Estate peers. Its forward P/E stands at 99.0x compared to the peer median of 23.5x. Enterprise value is $8.42B, translating to an EV-to-EBITDA multiple of 12.0x, which sits below the peer median of 14.7x, while its price-to-sales ratio of 3.7x aligns with the peer median of 3.7x. Over the past year, KRC fell 8.2% while the S&P 500 (SPY) gained 16.8%, and over five years KRC fell 33.5% against a 83.0% gain for the index.

KRC pays an annual forward dividend of $2.16 per share, providing a dividend yield of 6.20% distributed on a quarterly schedule. The dividend has been paid for 30 consecutive years, delivering a 5-year annualized growth rate of 1.9%. However, the payout ratio is 127.1%, and the last ex-dividend date was September 30, 2026.

Wall Street coverage includes 3 Strong Buy, 2 Buy, 10 Hold, and 2 Strong Sell ratings. The average price target is $39.86, representing a 14.4% upside compared to the last close of $34.83. For the fiscal year ending December 31, 2026, analysts estimate EPS will decline 81.3% to $0.26 on revenue of $1.07B. The company has beaten EPS expectations in 3 of the last 4 quarters, with next earnings scheduled for October 22, 2026.

This page is an AI-written research summary of Kilroy Realty Corporation (KRC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: KRC income statement, KRC balance sheet, KRC key metrics, KRC analyst forecast, KRC chart. See the KRC stock overview for the latest quote and news.