Kilroy Realty Corp. (KRC) Misses Q2 FFO by 3c; Establishes $200M ATM Offering

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Kilroy Realty Corp. (NYSE: KRC) reported Q2 FFO of $0.52, $0.03 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $92.06 million versus the consensus estimate of $86.47 million.

KRC also announced that it has established an “at the market” stock offering program through which it may sell up to an aggregate of $200 million of its common stock. The company intends to use the proceeds from any offering for general corporate purposes, which may include investment opportunities and debt reduction.

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