NYSE:KRCOffice REITs
Kilroy Realty Weighs Dividend Tradition Against Cash Flow And Valuation
Kilroy Realty, NYSE:KRC, is paying dividends that exceed its free cash flow, raising questions about how long its 27 year payout streak can continue.
The company is relying on debt or asset sales to fund the dividend, even as it reports solid leasing activity and continues reshaping its portfolio.
Income focused investors are watching the elevated payout ratio and tighter capital markets as key factors for future dividend decisions.
For investors following Kilroy Realty at a share price of...