Kilroy Realty (KRC) Tops Q1 EPS by 6c; Announces Sale of 10 West Coast Office Buildings

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Go back to Kilroy Realty (KRC) Tops Q1 EPS by 6c; Announces Sale of 10 West Coast Office Buildings

Kilroy Realty Corporation Reports First Quarter Financial Results

April 29, 2015 4:58 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) today reported financial results for its first quarter ended March 31, 2015.

First Quarter Highlights

Financial Results

Funds from operations (FFO) of $1.01 per share; includes a $0.19 per share gain on a land sale Net income available to common stockholders of $0.45 per share; also includes the gain on land sale Revenues of $146.1 million

Stabilized Portfolio

Stabilized portfolio was 96.1%... More

Kilroy Realty Selling $309 Million of Office Properties

April 29, 2015 4:43 PM EDT

$146 Million Closed in April; $163 Million in Escrow

LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) announced today that it has sold or is in escrow to sell ten West Coast office buildings for gross proceeds of approximately $309.2 million. In aggregate, the properties total 1.0 million square feet and were approximately 84% occupied at March 31, 2015. As part of the companys capital recycling strategy, the company will use the proceeds to fund its expanding West Coast office development program and potential acquisition opportunities, pay down its line of credit and for other... More