Dylan Burzinski

John Kim

Steve Sakwa

Brendan Lynch

Caitlin Burrows

Michael Carroll

Upal Rana

Anthony Paolone

Nicholas Yulico

Omotayo Okusanya

Blaine Heck

Jana Galan

Jana Gallen

Jeffrey Spector

Michael Griffin

Nick Yulico

Peter Abramowitz

Seth Berge

Caitlin Szczupak

James Feldman

Jamie Feldman

Ohad Bregman

Seth Bergey

Sydney McEntee

William Catherwood

Young Ku

- Kilroy Realty Corporation reported strong leasing activity in **Q3 2025**, signing over **550,000 square feet** of new and renewal leases, marking its highest third quarter and strongest year-to-date performance in six years.  **[0001025996_2209667_1]**  San Francisco office demand reached a post-pandemic high of nearly **9 million square feet**, driven by AI and technology companies.  **[0001025996_2209667_1]** 
- The company has signed **84,000 square feet** of leases at Kilroy Oyster Point Phase Two (KOP2) to date, including significant leases with **NBC BioLabs** and **Acadia Pharmaceuticals**, and expects to exceed its goal of **100,000 square feet** of lease executions by year-end.  **[0001025996_2209667_2]** 
- Kilroy completed the sale of a Silicon Valley campus for gross sales proceeds of **$365 million** and acquired **Maple Plaza** in Beverly Hills for **$205 million**, with the acquisition basis of roughly **$670 per square foot** significantly below estimated replacement costs of **$1,200 per square foot**.  **[0001025996_2209667_3]** **[0001025996_2209667_4]** 
- **Q3 2025 FFO** was **$1.08 per diluted share**, and the company raised its **2025 FFO outlook** to a range of **$4.18 to $4.24 per share**, representing a **$0.01 per share** increase at the midpoint.  **[0001025996_2209667_5]**  Occupancy improved modestly to **81%** at the end of Q3, up from **80.8%** at the end of Q2.  **[0001025996_2209667_5]**

Kilroy Realty Corporation Reports Strong Q3 2025 Leasing Activity and Raises FFO Outlook

- Kilroy Realty Corporation reported **Q3 2025 FFO of $1.08 per diluted share** and **raised its 2025 FFO outlook to a range of $4.18 to $4.24 per share**, reflecting a $0.01 increase at the midpoint.  **[0001025996_2208718_5]** 
- The company achieved its **strongest third quarter of leasing activity in six years**, signing **over 550,000 square feet** of new and renewal leases, with San Francisco office demand reaching a post-pandemic high of nearly **9 million square feet**.  **[0001025996_2208718_1]** 
- At Kilroy Oyster Point Phase Two (KOP2), **84,000 square feet of leases** have been signed to date, and the company expects to exceed its year-end goal of 100,000 square feet.  **[0001025996_2208718_2]** **[0001025996_2208718_10]** 
- Kilroy completed the sale of a Silicon Valley campus for **$365 million** and acquired Maple Plaza in Beverly Hills for **$205 million** during the quarter.  **[0001025996_2208718_3]**

Kilroy Realty Reports Strong Q3 2025 Leasing Activity and Raises FFO Outlook

- Kilroy Realty Corporation signed over **550,000 sq ft** of new and renewal leases in Q3 2025, marking its highest third quarter and strongest year-to-date performance in six years.  **[0001025996_2209864_1]**  This includes significant activity in San Francisco, where office demand reached a post-pandemic high of nearly **9 million sq ft**, and **84,000 sq ft** of leases at Kilroy Oyster Point Phase 2.  **[0001025996_2209864_1]** **[0001025996_2209864_2]** 
- The company reported **Funds From Operations (FFO)** of **$1.08 per diluted share** for Q3 2025 and raised its **2025 FFO outlook** to a range of **$4.18-$4.24 per share**, an increase of **$0.01 per share** at the midpoint.  **[0001025996_2209864_5]** 
- Occupancy improved modestly to **81%** at the end of Q3 2025, up from 80.8% in Q2, with a **230 basis point** spread between leased and occupied space.  **[0001025996_2209864_5]**  Additionally, **2026 lease expirations** have been reduced to approximately **970,000 sq ft**, reflecting a retention ratio of over **40%**.  **[0001025996_2209864_2]** **[0001025996_2209864_7]** 
- Kilroy completed the sale of a Silicon Valley campus for **$365 million** and acquired Maple Plaza in Beverly Hills for **$205 million** during the quarter, contributing to **$405 million** in sales for the first three quarters of the year.  **[0001025996_2209864_3]** **[0001025996_2209864_4]**

- Kilroy Realty Corporation reported **net income available to common stockholders of $156.2 million**, or **$1.31 per diluted share**, for the third quarter ended September 30, 2025, a significant increase from $52.4 million, or $0.44 per diluted share, in the prior year period.  **[1025996_0001628280-25-046429_exhibit992.htm:0]** **[1025996_0001628280-25-046429_exhibit991.htm:0]** **[1025996_0001628280-25-046429_exhibit992.htm:7]** **[1025996_0001628280-25-046429_exhibit991.htm:10]** 
- **Funds from operations (FFO) decreased** to **$130.6 million**, or **$1.08 per diluted share**, for Q3 2025, compared to $140.4 million, or $1.17 per diluted share, for Q3 2024.  **[1025996_0001628280-25-046429_exhibit992.htm:0]** **[1025996_0001628280-25-046429_exhibit991.htm:0]** **[1025996_0001628280-25-046429_exhibit992.htm:7]** **[1025996_0001628280-25-046429_exhibit992.htm:10]** **[1025996_0001628280-25-046429_exhibit991.htm:11]** 
- As of September 30, 2025, the Stabilized Portfolio was **81.0% occupied** and **83.3% leased**, with approximately **552,000 square feet of leases signed** during the quarter.  **[1025996_0001628280-25-046429_exhibit992.htm:0]** **[1025996_0001628280-25-046429_exhibit991.htm:0]** 
- In September 2025, the company completed the **acquisition of Maple Plaza for $205.3 million** and the **sale of a Silicon Valley campus for $365.0 million**.  **[1025996_0001628280-25-046429_exhibit992.htm:1]** **[1025996_0001628280-25-046429_exhibit991.htm:1]**

KRC Reports Q3 2025 Financial Results and Operational Highlights

- For the third quarter ended September 30, 2025, Kilroy Realty Corporation reported **revenues of $279.7 million**, **net income available to common stockholders of $156.2 million** (**$1.31 per diluted share**), and **Funds from Operations (FFO) of $130.6 million** (**$1.08 per diluted share**).  **[1025996_3bb22b21322d495eb176fb0b2864f77c_0]** 
- The company updated its Nareit-defined FFO per diluted share guidance for the full year 2025 to a range of **$4.18 to $4.24**, an increase from the previous range of $4.05 to $4.15.  **[1025996_3bb22b21322d495eb176fb0b2864f77c_2]** 
- As of September 30, 2025, the **stabilized portfolio was 81.0% occupied and 83.3% leased**, and the company signed approximately **552,000 square feet of leases** during the quarter.  **[1025996_3bb22b21322d495eb176fb0b2864f77c_0]** 
- In September, Kilroy completed the acquisition of Maple Plaza for **$205.3 million** and the sale of a four-building campus in Silicon Valley for **$365.0 million**.  **[1025996_3bb22b21322d495eb176fb0b2864f77c_1]**

Kilroy Realty Corporation Reports Third Quarter Financial Results and Updates Full-Year Guidance

KILROY REALTY (KRC)