Kilroy Realty Q3 revenue beats expectations on leasing activity strength

Kilroy Realty

27/10/2025 20:22

Overview

Kilroy Realty Q3 revenue beats analyst expectations despite a decline from last year

Net income for Q3 rises significantly compared to the same period last year

Company completed $205.3 mln acquisition of Maple Plaza in Beverly Hills

Outlook

Kilroy raises full-year 2025 FFO guidance to $4.18-$4.24 per share

Company expects full-year occupancy between 80.75% and 81.25%

Kilroy anticipates development spending of $150 mln to $200 mln in 2025

Result Drivers

LEASING ACTIVITY - Strong new leasing activity in stabilized and development portfolios, including Kilroy Oyster Point Phase 2

EARLY RENT COMMENCEMENTS - Occupancy benefited from 200,000 sq ft of early rent commencements originally projected for Q4

CAPITAL RECYCLING - Significant capital recycling and capital markets activity contributed to financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$279.70 mln
$271.83 mln (9 Analysts)
Q3 EPS
$1.31
Q3 Net Income
$156.20 mln
Q3 FFO
$130.60 mln
Q3 Dividend
$0.54
Q3 FFO Per Share
$1.08


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Kilroy Realty Corp is $41.50, about 1.5% above its October 24 closing price of $40.89

The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release: ID:nBwcc2fHSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)