Kilroy Realty Q4 revenue slightly beats analyst expectations

Kilroy Realty

09/02/2026 21:13

Overview

U.S. real estate firm's Q4 revenue slightly beat analyst expectations

Net income for Q4 fell significantly compared to the previous year

Company completed significant property sales and acquisitions in Q4

Outlook

Kilroy Realty projects 2026 FFO per share between $3.25 and $3.45

Company expects 2026 average occupancy between 76% and 78%

Kilroy Realty anticipates 2026 NOI growth between -1.5% and 0%

Result Drivers

LEASING ACTIVITY - Kilroy signed 827,000 sq ft of leases in Q4, marking its strongest fourth-quarter leasing performance in six years

RENTAL CHALLENGES - GAAP and cash rents on leases signed during the quarter decreased 16.8% and 27.1%, respectively, due to tenant bankruptcy and strategic renewals

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$272.20 mln
$271.35 mln (10 Analysts)
Q4 EPS
$0.10
Q4 Net Income
$12.40 mln
Q4 FFO
$117.20 mln
Q4 Dividend
$0.54


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 13 "hold" and 1 "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 $42.00, about 20% above its February 6 closing price of $35.00

The stock recently traded at 70 times the next 12-month earnings vs. a P/E of 56 three months ago

Press Release: ID:nBwbX65kSa

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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.)