(KRC) Kilroy Realty - Overview
Sector: Real Estate | Industry: REIT - Office | Exchange: NYSE (USA) | Market Cap: 4.106m USD | Total Return: 12.1% in 12m
Avg Turnover: 49.0M
EPS Trend: -75.0%
Qual. Beats: -1
Rev. Trend: -45.5%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 19.1 → Forward 50.0
High Debt while negative Cash Flow
Altman Z'' 0.33 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust (REIT) focused on the development and management of premium office, life science, and mixed-use properties across major technology hubs, including San Francisco, Seattle, and Austin. As of late 2025, the company maintained a portfolio of approximately 16.8 million square feet of stabilized commercial space and 1,000 residential units. The business model relies on long-term leases with high-growth tenants in the media and technology sectors to generate consistent rental income.
The company operates under a REIT structure, which requires it to distribute at least 90% of taxable income to shareholders in the form of dividends. Kilroy distinguishes itself through a focus on sustainable development and modern building designs tailored to the specific infrastructure needs of life science laboratories. For a deeper look into the companys long-term valuation metrics, ValueRay provides additional analytical tools. The firm currently manages a development pipeline exceeding $1 billion, targeting expansion in high-barrier-to-entry coastal markets.
- Tech sector layoffs and remote work trends depress West Coast office occupancy levels
- Life science portfolio expansion stabilizes long-term cash flows amid office market volatility
- High interest rates increase debt servicing costs and restrict new development financing
- Lease expiration timing in San Francisco and Seattle creates significant revenue renewal risk
- Strategic residential diversification provides hedge against fluctuating commercial real estate demand levels
| Net Income: 217.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -0.64 > 1.0 |
| NWC/Revenue: 3.09% < 20% (prev 9.06%; Δ -5.97% < -1%) |
| CFO/TA 0.05 > 3% & CFO 580.1m > Net Income 217.8m |
| Net Debt (4.62b) to EBITDA (764.8m): 6.04 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (117.6m) vs 12m ago -0.87% < -2% |
| Gross Margin: 49.87% > 18% (prev 0.67%; Δ 4.92k% > 0.5%) |
| Asset Turnover: 10.27% > 50% (prev 10.37%; Δ -0.10% > 0%) |
| Interest Coverage Ratio: 2.15 > 6 (EBITDA TTM 764.8m / Interest Expense TTM 192.4m) |
| A: 0.00 (Total Current Assets 634.0m - Total Current Liabilities 599.7m) / Total Assets 10.8b |
| B: 0.01 (Retained Earnings 102.9m / Total Assets 10.8b) |
| C: 0.04 (EBIT TTM 412.8m / Avg Total Assets 10.8b) |
| D: 0.02 (Book Value of Equity 104.0m / Total Liabilities 5.29b) |
| Altman-Z'' = 0.33 = B |
| DSRI: 0.97 (Receivables 441.1m/459.1m, Revenue 1.11b/1.13b) |
| GMI: 1.34 (GM 49.87% / 66.82%) |
| AQI: 1.01 (AQ_t 0.93 / AQ_t-1 0.92) |
| SGI: 0.99 (Revenue 1.11b / 1.13b) |
| TATA: -0.03 (NI 217.8m - CFO 580.1m) / TA 10.8b) |
| Beneish M = -2.78 (Cap -4..+1) = A |
As of June 02, 2026, the stock is trading at USD 34.00 with a total of 646,124 shares traded.
Over the past week, the price has changed by +0.09%,
over one month by +1.07%,
over three months by +16.83% and
over the past year by +12.13%.
Kilroy Realty has received a consensus analysts rating of 3.29. Therefore, it is recommended to hold KRC.
- StrongBuy: 2
- Buy: 2
- Hold: 12
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 36.1 | 6.3% |
P/E Trailing = 19.1093
P/E Forward = 50.0
P/S = 3.6928
P/B = 0.7723
P/EG = 1.8204
Revenue TTM = 1.11b USD
EBIT TTM = 412.8m USD
EBITDA TTM = 764.8m USD
Long Term Debt = 4.59b USD (from longTermDebt, last quarter)
Short Term Debt = 599.7m USD (from shortTermDebt, last quarter)
Debt = 4.84b USD (from shortLongTermDebtTotal, last quarter) + Leases 127.4m
Net Debt = 4.62b USD (calculated: Debt 4.84b - CCE 224.3m)
Enterprise Value = 8.73b USD (4.11b + Debt 4.84b - CCE 224.3m)
Interest Coverage Ratio = 2.15 (Ebit TTM 412.8m / Interest Expense TTM 192.4m)
EV/FCF = -246.2x (Enterprise Value 8.73b / FCF TTM -35.4m)
FCF Yield = -0.41% (FCF TTM -35.4m / Enterprise Value 8.73b)
FCF Margin = -3.19% (FCF TTM -35.4m / Revenue TTM 1.11b)
Net Margin = 19.59% (Net Income TTM 217.8m / Revenue TTM 1.11b)
Gross Margin = 49.87% ((Revenue TTM 1.11b - Cost of Revenue TTM 557.5m) / Revenue TTM)
Gross Margin QoQ = -4.88% (prev 66.82%)
Tobins Q-Ratio = 0.81 (Enterprise Value 8.73b / Total Assets 10.8b)
Interest Expense / Debt = 3.97% (Interest Expense 192.4m / Debt 4.84b)
Taxrate = 21.0% (US default 21%)
NOPAT = 326.1m (EBIT 412.8m * (1 - 21.00%))
Current Ratio = 1.06 (Total Current Assets 634.0m / Total Current Liabilities 599.7m)
Debt / Equity = 0.92 (Debt 4.84b / totalStockholderEquity, last quarter 5.27b)
Debt / EBITDA = 6.04 (Net Debt 4.62b / EBITDA 764.8m)
Debt / FCF = -130.3 (out of range, set to none) (Net Debt 4.62b / FCF TTM -35.4m)
Total Stockholder Equity = 5.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.01% (Net Income 217.8m / Total Assets 10.8b)
RoE = 4.05% (Net Income TTM 217.8m / Total Stockholder Equity 5.38b)
RoCE = 4.14% (EBIT 412.8m / Capital Employed (Equity 5.38b + L.T.Debt 4.59b))
RoIC = 3.09% (NOPAT 326.1m / Invested Capital 10.6b)
WACC = 5.81% (E(4.11b)/V(8.95b) * Re(8.96%) + D(4.84b)/V(8.95b) * Rd(3.97%) * (1-Tc(0.21)))
Discount Rate = 8.96% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 37.78 | Cagr: -0.07%
[DCF] Fair Price = unknown (Cash Flow -35.4m)
EPS Correlation: -75.04 | EPS CAGR: -15.95% | SUE: -3.63 | # QB: -1
Revenue Correlation: -45.54 | Revenue CAGR: -0.52% | SUE: 0.60 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.16 | Chg30d=+38.03% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.12 | Chg30d=+74.96% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=0.70 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=-49.7% | GrowthRev=-4.3%
EPS next Year (2027-12-31): EPS=0.50 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=-28.6% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +20%