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Kilroy Realty (KRC)

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The Company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The Company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

Company profile

Ticker
KRC
Exchange
CEO
John Kilroy
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Kilroy Realty, L.P. • Kilroy Realty Finance, Inc. • Kilroy Realty Finance Partnership, L.P. • Kilroy Services, LLC • Kilroy Realty TRS, Inc. • Kilroy Realty Management, L.P. • Kilroy Realty 303, LLC • KR Westlake Terry, LLC • KR 6255 Sunset, LLC • KR MML 12701, LLC ...
IRS number
954598246

KRC stock data

Calendar

28 Jul 22
18 Aug 22
31 Dec 22
Quarter (USD) Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 823.13M 823.13M 823.13M 823.13M 823.13M 823.13M
Cash burn (monthly) 14.06M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 275.8M n/a n/a n/a n/a n/a
Cash remaining 547.33M n/a n/a n/a n/a n/a
Runway (months of cash) 38.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Jul 22 Werber Merryl Elizabeth Common stock, par value $0.01 per share Grant Acquire A No No 0 103.027 0 16,055.173
13 Jul 22 Stoneberg Peter B. Common stock, par value $0.01 per share Grant Acquire A No No 0 96.691 0 17,370.122
13 Jul 22 Brennan Edward F Common stock, par value $0.01 per share Grant Acquire A No No 0 201.739 0 19,839.57
13 Jul 22 Rose Tyler H Common stock, par value $0.01 per share Grant Acquire A No No 0 1,287.869 0 189,369.126
13 Jul 22 Rose Tyler H RSU Common Stock Grant Acquire A No No 0 194.765 0 29,571.817
13 Jul 22 Rose Tyler H RSU Common Stock Grant Acquire A No No 0 94.084 0 29,377.053
13 Jul 22 Eliott Trencher Common stock, par value $0.01 per share Grant Acquire A No No 0 117.007 0 18,388.366

Financial report summary

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Management Discussion
  • Management internally evaluates the operating performance and financial results of our stabilized portfolio based on Net Operating Income. We define “Net Operating Income” as consolidated operating revenues (rental income and other property income) less consolidated operating expenses (property expenses, real estate taxes and ground leases).
  • Net Operating Income is considered by management to be an important and appropriate supplemental performance measure to net income because we believe it helps both investors and management to understand the core operations of our properties excluding corporate and financing-related costs and non-cash depreciation and amortization. Net Operating Income is an unlevered operating performance metric of our properties and allows for a useful comparison of the operating performance of individual assets or groups of assets. This measure thereby provides an operating perspective not immediately apparent from GAAP income from operations or net income. In addition, Net Operating Income is considered by many in the real estate industry to be a useful starting point for determining the value of a real estate asset or group of assets. Other real estate companies may use different methodologies for calculating Net Operating Income, and accordingly, our presentation of Net Operating Income may not be comparable to other real estate companies. Because of the exclusion of the items shown in the reconciliation below, Net Operating Income should only be used as a supplemental measure of our financial performance and not as an alternative to GAAP income from operations or net income.
  • •Same Store Properties – includes the consolidated results of all of the office properties that were owned and included in our stabilized portfolio for two comparable reporting periods, i.e., owned and included in our stabilized portfolio as of January 1, 2021 and still owned and included in the stabilized portfolio as of June 30, 2022, including our 200-unit residential tower in Hollywood, California and 608 residential units at our One Paseo mixed-use project in Del Mar, California;

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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Removed: aimed, capitalize, February, stopping