Kilroy Realty (KRC) Tops Q1 EPS by 6c; Announces Sale of 10 West Coast Office Buildings
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April 29, 2015 4:58 PM EDT
LOS ANGELES--(BUSINESS WIRE)--
Kilroy Realty Corporation (NYSE: KRC) today reported
financial results for its first quarter ended March 31, 2015.
First Quarter Highlights
Financial Results
Funds from operations (FFO) of $1.01 per share; includes a $0.19 per
share gain on a land sale
Net income available to common stockholders of $0.45 per share; also
includes the gain on land sale
Revenues of $146.1Â million
Stabilized Portfolio
Stabilized portfolio was 96.1%...
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April 29, 2015 4:43 PM EDT
$146 Million Closed in April; $163 Million in Escrow
LOS ANGELES--(BUSINESS WIRE)--
Kilroy Realty Corporation (NYSE: KRC) announced today that
it has sold or is in escrow to sell ten West Coast office buildings for
gross proceeds of approximately $309.2 million. In aggregate, the
properties total 1.0 million square feet and were approximately 84%
occupied at March 31, 2015. As part of the companys capital recycling
strategy, the company will use the proceeds to fund its expanding West
Coast office development program and potential acquisition
opportunities, pay down its line of credit and for other... More
