Kilroy Realty (KRC) Tops Q3 EPS by 11c

Kilroy Realty (NYSE: KRC) reported Q3 EPS of $0.53, $0.11 better than the analyst estimate of $0.42. Revenue for the quarter came in at $276 million versus the consensus estimate of $259.64 million.

• Net income available to common stockholders of $79.8 million, or $0.68 per diluted share, including a $0.15 per share gain on sale of an operating property, as compared to $47.0 million, or $0.40 per diluted share for the quarter ended September 30, 2021
• Funds from operations available to common stockholders and unitholders (“FFO”) of $139.7 million, or $1.17 per diluted share, an increase of approximately 20% as compared to $116.0 million, or $0.98 per diluted share for the quarter ended September 30, 2021

FFO Guidance and Outlook:

The company is providing an updated guidance range of NAREIT-defined FFO per diluted share for the full year 2022 of $4.62 to $4.68 per share, with a midpoint of $4.65 per share.

For earnings history and earnings-related data on Kilroy Realty (KRC) click here.

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