Kilroy Realty Corporation (NYSE: KRC, the “company”, “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest.
Kilroy Realty Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$67.67|
|52 Week High||US$45.28|
|52 Week Low||US$74.05|
|1 Month Change||-1.77%|
|3 Month Change||-3.27%|
|1 Year Change||45.65%|
|3 Year Change||-1.76%|
|5 Year Change||-2.13%|
|Change since IPO||168.00%|
Recent News & Updates
With EPS Growth And More, Kilroy Realty (NYSE:KRC) Is Interesting
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Kilroy Realty: This SWAN Is A Strong Buy, Here's Why
Kilroy Realty has experienced material share price weakness in recent months. Yet, it has demonstrated robust leasing spreads, and has high profile acquisitions and developments. I also highlight the dividend, balance sheet, and valuation.
|KRC||US REITs||US Market|
Return vs Industry: KRC exceeded the US REITs industry which returned 37.7% over the past year.
Return vs Market: KRC exceeded the US Market which returned 33.4% over the past year.
Stable Share Price: KRC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: KRC's weekly volatility (3%) has been stable over the past year.
About the Company
Kilroy Realty Corporation (NYSE: KRC, the “company”, “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
Kilroy Realty Fundamentals Summary
|KRC fundamental statistics|
Is KRC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KRC income statement (TTM)|
|Cost of Revenue||US$264.56m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||5.61|
|Net Profit Margin||71.71%|
How did KRC perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is Kilroy Realty undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KRC ($69.53) is trading below our estimate of fair value ($96.22)
Significantly Below Fair Value: KRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KRC is good value based on its PE Ratio (12.4x) compared to the US REITs industry average (52.8x).
PE vs Market: KRC is good value based on its PE Ratio (12.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: KRC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KRC is good value based on its PB Ratio (1.5x) compared to the US REITs industry average (2.1x).
How is Kilroy Realty forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KRC's earnings are forecast to decline over the next 3 years (-39.5% per year).
Earnings vs Market: KRC's earnings are forecast to decline over the next 3 years (-39.5% per year).
High Growth Earnings: KRC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KRC's revenue (6.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: KRC's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KRC's Return on Equity is forecast to be low in 3 years time (4.5%).
How has Kilroy Realty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KRC has a large one-off gain of $479.4M impacting its June 30 2021 financial results.
Growing Profit Margin: KRC's current net profit margins (71.7%) are higher than last year (19.8%).
Past Earnings Growth Analysis
Earnings Trend: KRC's earnings have grown by 16.1% per year over the past 5 years.
Accelerating Growth: KRC's earnings growth over the past year (279.7%) exceeds its 5-year average (16.1% per year).
Earnings vs Industry: KRC earnings growth over the past year (279.7%) exceeded the REITs industry 8.3%.
Return on Equity
High ROE: KRC's Return on Equity (12.1%) is considered low.
How is Kilroy Realty's financial position?
Financial Position Analysis
Short Term Liabilities: KRC's short term assets ($1.4B) exceed its short term liabilities ($492.3M).
Long Term Liabilities: KRC's short term assets ($1.4B) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: KRC's debt to equity ratio (68.9%) is considered high.
Reducing Debt: KRC's debt to equity ratio has reduced from 71.1% to 68.9% over the past 5 years.
Debt Coverage: KRC's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: KRC's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Kilroy Realty current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KRC's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: KRC's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: KRC's dividends per share have been stable in the past 10 years.
Growing Dividend: KRC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.6%), KRC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KRC's dividends in 3 years are forecast to be covered by earnings (52.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Kilroy (72 yo)
Mr. John B. Kilroy Jr. serves as the Chief Executive Officer and Director of Kilroy Realty Corporation since September 1996 and has been its Chairman of the Board since February 28, 2013. Mr. Kilroy has be...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD11.90M) is above average for companies of similar size in the US market ($USD6.29M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: KRC's management team is considered experienced (4.5 years average tenure).
Experienced Board: KRC's board of directors are considered experienced (7.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kilroy Realty Corporation's employee growth, exchange listings and data sources
- Name: Kilroy Realty Corporation
- Ticker: KRC
- Exchange: NYSE
- Founded: 1947
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$8.177b
- Market Cap: US$8.097b
- Shares outstanding: 117.60m
- Website: https://www.kilroyrealty.com
Number of Employees
- Kilroy Realty Corporation
- 12200 West Olympic Boulevard
- Suite 200
- Los Angeles
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 22:14|
|End of Day Share Price||2021/10/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.