NYSE:KRCOffice REITs
Kilroy Realty (KRC): One-Off Gain Drives Earnings Jump, Challenging Bearish Margin Narratives
Kilroy Realty (KRC) posted a notable turnaround in its latest annual results, with earnings jumping 63.3% and net profit margins rising to 28.5% from 17.6% in the prior year. This sharp improvement, fueled by a one-off $133 million gain, follows a five-year period during which earnings declined by an average of 17.1% annually. However, forecasts point to a less optimistic future, with revenue expected to grow just 0.5% per year and earnings projected to decline by 52.3% yearly over the next...