| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 1 | — | — | — | — | — | 1 | 2 | 3 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 2.19 |
—
—
—
|
| 2025 | 2.16 |
—
—
—
—
|
| 2024 | 2.16 |
—
—
—
—
|
| 2023 | 2.16 |
—
—
—
—
|
| 2022 | 2.12 |
—
—
—
—
|
| 2021 | 2.04 |
—
—
—
—
|
| 2020 | 1.97 |
—
—
—
—
|
| 2019 | 1.91 |
—
—
—
—
|
| 2018 | 1.79 |
—
—
—
—
|
| 2017 | 1.65 |
—
—
—
—
|
| 2016 | 1.48 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 510.16 | 165.69 | 179.32 | 253.81 |
| Receivables | 474.59 | 463.03 | 437.56 | 436.15 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 984.75 | 628.72 | 616.88 | 689.96 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 371.18 | 285.01 | 288.96 | 260.64 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 371.18 | 285.01 | 288.96 | 260.64 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 270.05 | 272.37 | — | — |
—
|
| ’25 | 270.84 | 289.89 | 279.74 | 272.19 |
1,112.67
|
| ’24 | 278.58 | 280.73 | 289.94 | 286.38 |
1,135.63
|
| ’23 | 292.80 | 284.28 | 283.59 | 269.02 |
1,129.69
|
| ’22 | 265.50 | 271.18 | 275.96 | 284.34 |
1,096.99
|
| ’21 | 235.65 | 225.98 | 232.33 | 261.09 |
955.04
|
| ’20 | 221.33 | 219.42 | 228.31 | 229.33 |
898.40
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 150.70 | 78.21 | — | — |
—
|
| ’25 | 136.92 | 143.75 | 176.57 | 109.08 |
566.31
|
| ’24 | 167.87 | 88.69 | 176.35 | 108.24 |
541.15
|
| ’23 | 182.14 | 101.41 | 208.82 | 110.22 |
602.59
|
| ’22 | 178.66 | 100.29 | 205.28 | 108.01 |
592.24
|
| ’21 | 144.15 | 72.31 | 191.09 | 108.84 |
516.40
|
| ’20 | 122.94 | 101.08 | 139.96 | 91.61 |
455.59
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 18.10 | 15.48 | — | — |
—
|
| ’25 | 60.26 | 92.04 | 294.01 | (120.03) |
326.29
|
| ’24 | 66.39 | (25.60) | 1.99 | 16.74 |
59.52
|
| ’23 | 60.79 | (36.63) | 60.56 | (25.95) |
58.77
|
| ’22 | 9.29 | (43.05) | 111.15 | (38.33) |
39.04
|
| ’21 | 956.40 | (640.63) | (546.32) | (1.92) |
(232.47)
|
| ’20 | (88.47) | (61.85) | 38.60 | 26.18 |
(85.54)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.16) | 0.17 | — | — |
—
|
| ’25 | 0.33 | 0.57 | 1.31 | 0.10 |
2.32
|
| ’24 | 0.42 | 0.41 | 0.44 | 0.50 |
1.79
|
| ’23 | 0.48 | 0.47 | 0.45 | 0.40 |
1.80
|
| ’22 | 0.45 | 0.40 | 0.68 | 0.45 |
1.97
|
| ’21 | 4.26 | 0.30 | 0.40 | 0.40 |
5.36
|
| ’20 | 0.37 | 0.17 | 0.42 | 0.67 |
1.63
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.66 | 25.99 | 30.71 | 27.07 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 79.06 | 43.48 | 43.78 | 45.03 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 259 | 248 | 229 | 241 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.24 | 4.56 | 4.96 | 4.62 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,096.99 | 1,129.69 | 1,135.63 | 1,112.67 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 70.73% | 68.92% | 67.17% | 66.41% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 259.49 | 238.29 | 232.95 | 302.64 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.66% | 21.09% | 20.51% | 27.20% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 259.49 | 238.29 | 232.95 | 302.64 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 359.82 | 371.51 | 359.66 | 361.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.39 | 9.64 | 9.65 | 9.41 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.98 | 1.80 | 1.78 | 2.33 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.07 | 5.14 | 4.60 | 4.79 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.74) | (4.64) | (4.09) | (2.03) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.33 | 0.50 | 0.51 | 2.76 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 48.58 | 48.31 | 47.67 | 47.66 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 116.81 | 117.16 | 117.65 | 118.28 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.33 | 22.63 | 22.85 | 16.04 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.08 | 4.22 | 4.19 | 3.97 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.79 | 0.84 | 0.85 | 0.78 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.65 | 8.14 | 8.09 | 7.94 | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 214.94 | 156.39 | 154.42 | 27.07 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 592.24 | 602.59 | 541.15 | 566.31 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (553.19) | (543.82) | (481.62) | (240.02) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39.04 | 58.77 | 59.52 | 326.29 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 427.80 | 613.57 | 343.71 | 327.91 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,269.00 | 4,928.38 | 4,597.77 | 4,589.46 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,921.62 | 4,418.22 | 4,432.08 | 4,410.14 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,674.96 | 5,659.69 | 5,608.87 | 5,637.74 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.16% | 1.90% | 1.87% | 2.52% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.11% | 2.04% | 2.09% | 1.93% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.07% | 3.72% | 3.71% | 4.89% | — | — | — |
ROE
|
Kilroy Realty Corporation (KRC), a premier office REIT focused on high-demand coastal markets, has weathered COVID-induced remote work shifts, tech layoffs, and Fed rate hikes that drove vacancy rates up and borrowing costs skyward. Despite these headwinds, fundamentals show resilience: revenues surged 76% from 2016 to $1.13 billion in 2023 (8% CAGR), with revenue per employee jumping 89% to $4.96 million amid stable headcount. Free cash flow per share flipped positive post-2022, rocketing 448% to $2.76 in 2024 after capex cuts, signaling deleveraging potential even as debt doubled to $4.59 billion.
Profitability tells a volatile tale—2021’s $659 million net income spike from asset sales normalized to $303 million in 2024—but projections darken with a 76% earnings plunge to $72 million in 2025 amid vacancy drags and possible impairments. The stock trades at depressed levels (PB 0.8x, PS 4.2x), near 2023 lows, with analysts targeting 25-45% upside tied to FCF growth, revenue stabilization, and catalysts like Fed cuts or AI-driven office demand.
Insider sells dominate without buys, tempering enthusiasm, yet KRC’s trophy assets and coastal premium position it for urban revival. Trading as a value play with 5-6% yield, it offers 25%+ potential if occupancy tops 90%—a base-building phase worth watching amid macro risks.
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