KRC
Real EstateKilroy Realty Corporation · REIT - Office · $4B
What is Kilroy Realty Corporation?
Kilroy Realty Corporation is a West Coast-focused office and life science REIT with a portfolio spanning San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has built a reputation as a sustainability leader in commercial real estate.
KRC develops, acquires, and manages office and mixed-use properties, leasing space primarily to technology, entertainment, life science, and business services tenants. Revenue flows mainly from long-term office and life science leases, supplemented by a residential portfolio in select West Coast markets. The company operates as a publicly traded REIT, distributing a meaningful share of income to shareholders, and has been recognized globally for its approach to sustainable building design and operations.
Kilroy Realty was founded in 1997 and is headquartered in Los Angeles, California.
- Class-A office and life science campuses on the West Coast
- Mixed-use development projects in urban submarkets
- Residential apartment communities in Hollywood and San Diego
- Sustainable building design and LEED-certified properties
- Ground-up development pipeline targeting innovation tenants
Is KRC a Good Stock to Buy?
UQS Score rates KRC as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.
Among the five pillars, Risk stands out as the relative bright spot — KRC carries a Good Risk rating, suggesting the balance sheet and operational structure carry less near-term danger than the broader score might imply. Valuation is rated Neutral, meaning the stock is neither deeply discounted nor obviously stretched relative to fundamentals.
Growth and Moat are both rated Weak, pointing to limited near-term expansion prospects and a competitive positioning that does not clearly differentiate KRC from peers in a challenged office market. Quality is Neutral, offering little offsetting support.
Pro members can view the complete pillar breakdown and underlying financial metrics to understand exactly where KRC stands. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does KRC pay dividends?
Yes — Kilroy Realty Corporation pays a dividend.
Kilroy Realty pays a regular dividend, consistent with its REIT structure, which requires distributing the majority of taxable income to shareholders. Income-oriented investors often look to KRC for this recurring payout. The sustainability of the dividend depends on occupancy levels and cash flow from the West Coast office and life science portfolio — factors worth monitoring given current office market conditions.
When does KRC report earnings?
Kilroy Realty reports earnings on a quarterly cadence, typical for US-listed REITs.
KRC's results reflect the broader pressures facing West Coast office landlords, including shifting tenant demand and evolving hybrid work patterns. Occupancy and leasing activity in the life science segment have been key variables for investors to track across recent reporting periods.
For the most recent quarter's results and guidance, visit Kilroy Realty's investor relations page directly.
KRC Price History
-40.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Kilroy Realty Corporation?
Based on Kilroy Realty Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
KRC Long-term Outlook
The UQS Growth pillar is rated Weak, suggesting limited near-term expansion in earnings or portfolio scale is expected based on current fundamentals. The Good Risk rating provides some reassurance that the company is not in acute financial distress, but the Weak Moat rating indicates KRC may struggle to defend occupancy and rental rates as office demand remains uneven across its West Coast markets. Investors weighing a long-term position should consider whether the REIT's life science and sustainability focus can eventually translate into stronger growth metrics.
Growth drivers
- Life science tenant demand in San Diego and Bay Area submarkets
- Sustainability credentials attracting ESG-focused corporate tenants
- Potential recovery in West Coast office utilization rates
Key risks
- Persistent hybrid work trends reducing office space demand
- Concentrated West Coast exposure in markets facing tech-sector headwinds
- Development pipeline execution risk in a higher-cost environment
KRC vs Peers
KRC competes with other office-focused REITs, each with distinct geographic and tenant strategies.
COPT focuses on mission-critical office and data center properties serving US government and defense tenants, offering a very different demand profile than KRC's commercial tech and life science base.
Cousins Properties concentrates on Sun Belt office markets — Atlanta, Austin, and Charlotte — giving it exposure to faster-growing metros compared to KRC's West Coast focus.
SL Green is New York City's largest office landlord, making it a dense urban market specialist with a very different tenant mix and capital structure than KRC.
Frequently Asked Questions
What does Kilroy Realty Corporation do?
Kilroy Realty develops, acquires, and manages office and life science properties on the US West Coast. Its tenant base includes leading technology, entertainment, and life science companies. The company also holds a residential portfolio and operates as a publicly traded REIT, distributing income to shareholders.
Does KRC pay dividends?
Yes, KRC pays a regular dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders. The dividend level is tied to the performance of its office and life science portfolio, so occupancy trends are worth watching.
When does KRC report earnings?
Kilroy Realty reports on a quarterly cadence, consistent with US-listed REITs. For exact dates and the most recent results, check the investor relations section of the company's official website.
Is KRC a good stock to buy?
The UQS Score rates KRC as Below Average overall. The Risk pillar is a relative strength, while Growth and Moat are both rated Weak. Whether KRC fits your portfolio depends on your income needs, risk tolerance, and view on West Coast office recovery. See the full pillar breakdown on UQS Score for more detail.
Is KRC overvalued?
KRC's Valuation pillar is rated Neutral, suggesting the stock is not obviously cheap or expensive relative to its fundamentals at current levels. Investors seeking a deeper view of the valuation inputs can access the complete analysis through a UQS Pro membership.
How does KRC compare to its competitors?
KRC is a West Coast specialist, while peers like COPT Defense focus on government tenants and SL Green concentrates on Manhattan. Cousins Properties targets Sun Belt markets. Each carries a different risk and growth profile. The UQS Score provides side-by-side pillar comparisons for subscribers.
What is KRC's market cap bracket?
Kilroy Realty is a mid-cap company and a member of the S&P MidCap 400 Index. This places it in a tier below the largest diversified REITs but above smaller regional landlords.
Who founded Kilroy Realty Corporation?
Kilroy Realty's origins trace back to the Kilroy family, with the publicly traded REIT structure established in 1997. Founding and leadership history is widely documented in the company's official filings and investor relations materials.
Is KRC a long-term quality investment?
As a long-term quality indicator, the UQS Score currently rates KRC as Below Average, driven by Weak Growth and Moat scores. The Good Risk rating suggests the company is not in acute distress, but investors should weigh whether the office sector recovery and life science demand can improve the fundamental picture over time.
What is the main competitive advantage of Kilroy Realty?
KRC's differentiation centers on its sustainability credentials and focus on Class-A properties in innovation-driven West Coast markets. Its LEED-certified portfolio and design-forward campuses are intended to attract high-quality tenants — though the UQS Moat pillar currently rates this advantage as Weak relative to peers.
What sector does KRC belong to?
Kilroy Realty belongs to the Real Estate sector, specifically the office REIT subsegment. It also has exposure to life science real estate, a niche that has attracted investor interest as a potential growth area within commercial property.
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Pro Analysis
KRC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 33.1 | 41.7 | 25.0 | 21.9 | 32.8 | 47.3 | +0.3 |
| May 13, 2026 | 32.8 | 41.7 | 25.0 | 21.8 | 32.8 | 45.4 | +0.2 |
| May 12, 2026 | 32.6 | 41.7 | 25.0 | 21.8 | 32.8 | 44.7 | -6.3 |
| May 7, 2026 | 38.9 | 49.5 | 25.0 | 21.8 | 61.5 | 44.7 | -0.1 |
| May 6, 2026 | 39.0 | 49.5 | 25.0 | 21.8 | 61.5 | 45.1 | +0.3 |
| May 3, 2026 | 38.7 | 49.5 | 25.0 | 21.6 | 61.5 | 43.5 | -0.1 |
| Apr 26, 2026 | 38.8 | 49.5 | 25.0 | 21.6 | 61.5 | 44.0 | 0.0 |
| Apr 22, 2026 | 38.8 | 49.5 | 25.0 | 21.6 | 61.5 | 44.3 | +0.4 |
| Apr 20, 2026 | 38.4 | 49.5 | 25.0 | 21.6 | 61.5 | 41.6 | 0.0 |
| Apr 19, 2026 | 38.4 | 49.5 | 25.0 | 21.6 | 61.5 | 41.7 | -0.2 |
KRC — Pillar Breakdown
Quality
— 41.7/100 (25%)Kilroy Realty Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 21.9/100 (20%)Kilroy Realty Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 32.8/100 (15%)Kilroy Realty Corporation presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 47.1/100 (15%)Kilroy Realty Corporation has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)Kilroy Realty Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for KRC.
Score Composition
Financial Data
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How is the KRC UQS Score Calculated?
The UQS (Unified Quality Score) for Kilroy Realty Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Kilroy Realty Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Kilroy Realty Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.