Kilroy Realty Corporation (NYSE: KRC) is making waves in the real estate industry. The US-based landlord and developer has gained recognition for its sustainability, innovative designs, and superior building operations. Kilroy's approach to modern business environments has created productive and creative spaces for leading technology, entertainment, life science, and business services companies. With more than seven decades of experience, Kilroy is also a publicly traded real estate investment trust (REIT) that is a member of the S&P MidCap 400 Index. As of December 31, 2022, Kilroy's stabilized real estate portfolio was approximately 16.2 million square feet, primarily made up of office and life science space that is 91.6% occupied and 92.9% leased. The firm also had more than 1,000 residential units in Hollywood and San Diego, with a quarterly average occupancy of 93.3%. Kilroy currently has two in-process life science redevelopment projects with estimated redevelopment costs of $80.0 million, totaling approximately 100,000 square feet, and three in-process development projects that are expected to cost a total of $1.7 billion. These three projects will total approximately 1.7 million square feet of office and life science space, and are currently 36% leased. Kilroy is one to watch as it continues its dynamic growth and development initiatives.
Kilroy Realty's ticker is KRC
The company's shares trade on the NYSE stock exchange
They are based in Los Angeles, California
There are 201-500 employees working at Kilroy Realty
It is kilroyrealty.com
Kilroy Realty is in the Financial sector
Kilroy Realty is in the REIT - Office industry
The following five companies are Kilroy Realty's industry peers: