J.P. Morgan raises PT on Kilroy Realty, cites leasing gains, Maple Plaza upside

Kilroy Realty

02/10/2025 18:50

** J.P. Morgan lifts PT on commercial real estate trust firm Kilroy Realty KRC.N to $46 from $40

** New PT shows an upside of 9.1% from stock's last close

** Maintains rating at "overweight"

** Brokerage says KRC to benefit from improving West Coast leasing, upside from the Maple Plaza acquisition and office market recovery

     ** Brokerage raises KRC's 2025 FFO/share estimate to $4.14 from $3.98

** J.P. Morgan adds it revised down co's 2026 and 2027 estimates due to higher overhead costs from developments, partly offset by the Maple Plaza deal

** Two of 16 brokerages rate the stock "buy," twelve "hold" and two "sell;" their median PT is $40.50 — data compiled by LSEG

** Including session moves, shares up 3.8% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))