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.
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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