Kilroy Realty reported second quarter revenue of $272.4 million and Funds From Operations (FFO) of $0.92 per diluted share. The company affirmed its full-year 2026 FFO guidance range of $3.49 to $3.63 per share.
Key Highlights
- The stabilized portfolio was 81.5% leased and 77.0% occupied at quarter-end, with the 450 basis point spread representing future rent commencements.
- Signed approximately 376,000 square feet of leases during the quarter, with cash and GAAP rental rates on second-generation space increasing by 6.1% and 21.0%, respectively.
- Completed the disposition of two residential towers for gross proceeds of $202.0 million, enhancing financial flexibility.