NYSE$KRC
Kilroy Realty Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Kilroy Realty's performance reflected a solid first quarter with increased revenue and FFO per share.
Kilroy Realty Corporation reported a net income available to common stockholders of $53.128 million, or $0.45 per diluted share. FFO per share was $1.16, and revenues reached $265.5 million. The stabilized portfolio was 91.3% occupied and 93.1% leased at quarter-end. Same Store NOI increased 9.1% and Same Store Cash NOI increased 12.8% compared to the prior year. The company completed the acquisition of a 2.9-acre land site in Austin and commenced construction on life science redevelopments in San Diego.
- Net income available to common stockholders per share was $0.45, including a net $0.02 per share of non-recurring income.
- FFO per share was $1.16, including the net $0.02 per share noted above.
- Revenues reached $265.5 million with GAAP rents increasing approximately 32.9% and cash rents increasing approximately 6.7% from prior levels.
- Same Store NOI increased 9.1% and Same Store Cash NOI increased 12.8% compared to the prior year.
Headline financials
Revenue & EPS history
Kilroy Realty · Revenue · Quarterly
$266M
Forward guidance
The Company is providing an updated guidance range of NAREIT-defined FFO per diluted share for its fiscal year 2022 of $4.44 to $4.58 per share with a midpoint of $4.51 per share.
Tailwinds
- Dispositions of $200.0 million to $500.0 million
- Same Store Cash NOI growth of 5.0% to 6.0%
- Year-end occupancy of approximately 91.0% to 92.0%
- Total remaining development spending of approximately $500.0 million to $575.0 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.1%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
48%
33 / 69 earnings
Positive
+5.7%
Q4 2021
Best reaction
-4.6%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.9% | +2.8% | +5.0% | |
| Q4 2025 | -3.7% | -8.1% | -15.1% | |
| Q3 2025 | +1.7% | +2.4% | +4.5% | |
| Q2 2025 | +1.0% | +1.6% | +12.6% | |
| Q1 2025 | +0.0% | -4.0% | -0.5% | |
| Q4 2024 | -2.6% | -5.1% | -13.0% | |
| Q3 2024 | -0.3% | -6.1% | +1.5% | |
| Q2 2024 | -4.6% | -10.7% | -1.8% | |
| Q1 2024 | +2.1% | +2.2% | +0.9% | |
| Q4 2023 | -2.7% | -0.5% | +3.3% | |
| Q3 2023 | -2.7% | -0.5% | +5.5% | |
| Q2 2023 | -1.2% | +3.1% | +3.7% | |
| Q1 2023 | +1.0% | -1.6% | -7.1% | |
| Q4 2022 | +3.6% | -3.4% | -10.6% | |
| Q3 2022 | +4.9% | +4.9% | +0.9% | |
| Q2 2022 | -0.7% | -4.3% | -8.3% | |
| Q1 2022 | -2.3% | -7.6% | -17.3% | |
| Q4 2021 | +5.7% | +5.5% | +13.8% | |
| Q3 2021 | -2.2% | -1.3% | -4.7% | |
| Q2 2021 | +0.7% | -2.5% | -5.0% | |
| Q1 2021 | +0.5% | -0.1% | +3.3% | |
| Q4 2020 | +1.6% | +4.3% | +15.9% | |
| Q3 2020 | -1.4% | +2.6% | +32.3% | |
| Q2 2020 | -0.8% | -1.6% | +2.0% | |
| Q1 2020 | -0.5% | -6.5% | -8.7% | |
| Q4 2019 | +1.9% | +3.2% | -4.7% | |
| Q3 2019 | +4.0% | +4.1% | +3.0% | |
| Q2 2019 | +0.9% | +1.9% | -0.7% | |
| Q1 2019 | -2.1% | -0.5% | -3.5% | |
| Q4 2018 | +2.6% | +3.5% | +5.8% | |
| Q3 2018 | +2.9% | -2.4% | -3.9% | |
| Q2 2018 | -1.2% | -3.1% | -1.4% | |
| Q1 2018 | +2.9% | +3.2% | +7.6% | |
| Q4 2017 | -0.1% | -4.7% | -3.2% | |
| Q3 2017 | -1.9% | -1.7% | +4.4% | |
| Q2 2017 | -2.8% | -4.6% | -5.4% | |
| Q1 2017 | -3.8% | -2.8% | -0.8% | |
| Q4 2016 | -1.5% | +1.3% | -0.4% | |
| Q3 2016 | +1.3% | +3.3% | +5.0% | |
| Q2 2016 | +2.0% | +4.4% | -0.5% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | -2.1% | — | — | |
| Q3 2015 | +1.1% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | -0.2% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | +5.1% | — | — | |
| Q2 2011 | -3.7% | — | — | |
| Q1 2010 | -0.6% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2008 | +0.7% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q3 2009 | -0.9% | — | — | |
| Q4 2009 | -0.9% | — | — | |
| Q2 2010 | -0.9% | — | — |
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