Stocks · Real Estate · REIT - Office
Kilroy Realty Corporation KRC
$33.63 +0.99% Close, Oct 2, 2026 · NYSE · Market cap $3.91B
Next earnings report: Oct 22, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 5.9× EBITDA, a high level of leverage.
- The shares trade at 23.5× trailing earnings, higher than 81% of the company's own readings over the past five years.
- Diluted EPS over the last four quarters was $1.43, down 22.3% year over year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth6Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 17%
- EPS growth (TTM, YoY)Bottom 33%
- FCF growth (TTM, YoY)Bottom 8%
- Revenue growth, 3-year CAGRBottom 20%
- Revenue growth accelerationBottom 21%
Quality57Neutral
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 34%
- Gross marginBottom 49%
- Operating marginBottom 50%
- Cash conversion (OCF / net income)Top 13%
- Accruals (lower is better)Top 49%
- Net debt / EBITDA (lower is better)Bottom 49%
- Interest coverTop 46%
Value39Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 37%
- Free-cash-flow yieldBottom 14%
- EBITDA / enterprise valueTop 21%
- Sales / enterprise valueTop 36%
- P/E vs own 5-year history (lower is better)Bottom 11%
Momentum45Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 25%
- 6-month returnTop 13%
- 1-year return vs S&P 500Bottom 29%
- Distance from 52-week highBottom 42%
- Trend checklist (0–4)Top 41%
Revisions48Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 17%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyBottom 37%
- Upside to consensus price targetBottom 16%
Stability39Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 37%
- Maximum drawdown, 3 yearsBottom 49%
- Beta vs S&P 500 (lower is better)Bottom 15%
- Net debt / EBITDA (lower is better)Bottom 49%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.4% | -3.8% | ↓ |
| EPS growth (YoY) | 8.9% | -22.3% | ↓ |
| Gross margin | 67.3% | 48.7% | ↓ |
| Operating margin | 29.8% | 25.1% | ↓ |
| FCF margin | 24.6% | -22.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -3.8% | -1.4% | ↓ | Bottom 17% |
| EPS growth (TTM, YoY) | -22.3% | 8.9% | ↓ | Bottom 33% |
| Gross margin | 48.7% | 67.3% | ↓ | Bottom 49% |
| Operating margin | 25.1% | 29.8% | ↓ | Bottom 50% |
| Net margin | 15.5% | 19.3% | ↓ | — |
| Free-cash-flow margin | -22.0% | 24.6% | ↓ | — |
| Return on invested capital | 2.7% | — | Bottom 34% | |
| Revenue growth, 3-year CAGR | 0.5% | — | Bottom 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.9%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -93.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.94×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 6.57%
- Net buyback yield (TTM)
- 1.87%
- Shareholder yield
- 8.44%
- Share count change, 1 year
- -0.8%
- Share count change, 3-year CAGR
- +0.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +75.0%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $37.63
- Target vs current price
- +11.9%
- Analysts with a rating
- 28
- Share rating Buy or Strong Buy
- 39%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 27, 2026 | +15.4% | -0.0% | -1.5% | -7.2% | — |
| Apr 27, 2026 | +13.2% | +2.6% | +5.5% | +6.6% | +21.2% |
| Feb 9, 2026 | -65.7% | -1.3% | -9.3% | -16.0% | -4.1% |
| Oct 27, 2025 | +337.0% | +0.9% | +3.3% | +0.8% | -12.9% |
| Jul 28, 2025 | +85.3% | -1.3% | -1.4% | +8.3% | +9.3% |
| May 5, 2025 | +3.7% | -1.7% | -2.4% | -0.5% | +14.4% |
| Feb 10, 2025 | +61.3% | -1.2% | -6.3% | -11.0% | -17.3% |
| Oct 28, 2024 | +23.6% | +0.5% | -6.1% | -1.9% | -6.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 27, 2026 | $0.17 | $0.15 | +15.4% | $272.4M |
| Apr 27, 2026 | $0.16 | $0.14 | +13.2% | $270.1M |
| Feb 9, 2026 | $0.10 | $0.29 | -65.7% | $272.2M |
| Oct 27, 2025 | $1.31 | $0.30 | +337.0% | $279.7M |
| Jul 28, 2025 | $0.58 | $0.31 | +85.3% | $289.9M |
| May 5, 2025 | $0.33 | $0.32 | +3.7% | $270.8M |
| Feb 10, 2025 | $0.50 | $0.31 | +61.3% | $286.4M |
| Oct 28, 2024 | $0.44 | $0.36 | +23.6% | $289.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.5× | 19.5× | 81th | Top 37% |
| P/E (forward) | 135.5× | — | — | — |
| EV / EBITDA | 11.2× | — | — | Top 21% |
| EV / Sales | 7.60× | — | — | Top 36% |
| Free-cash-flow yield | -6.15% | — | — | Bottom 14% |
| Earnings yield | 4.25% | — | — | Top 37% |
P/E over the past five years
Range 12.1× – 47.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -20.2%
- Earnings per share growth (TTM)
- -22.3%
- Change in P/E multiple
- +29.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.6%
- 200-day average slope (20 days)
- -1.9%
- Distance from 50-day average
- -7.3%
- Distance from 200-day average
- -3.5%
- RSI (14)
- 34.0
- Relative volume
- 0.92×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 21.3%
- Volatility vs own 5-year history
- 5th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.93
- Correlation with S&P 500
- 0.43
- Current drawdown from 1-year high
- -22.7%
- Maximum drawdown, 3 years
- -37.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 29, 2022 | May 16, 2023 | -67.0% | 284 days | Not yet recovered |
| Jun 14, 2021 | Jan 27, 2022 | -16.9% | 158 days | 34 days (Mar 17, 2022) |
| Nov 24, 2020 | Jan 11, 2021 | -15.0% | 31 days | 30 days (Feb 24, 2021) |
| Oct 8, 2020 | Oct 28, 2020 | -14.4% | 14 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.91B
- P/E (TTM)
- 23.5
- EPS, diluted (TTM)
- $1.43
- Revenue (TTM)
- $1.09B
- Dividend yield
- 6.42%
- 52-week range
- $27.36 – $43.58
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $955.0M | $1.10B | $1.13B | $1.14B | $1.11B |
| Gross profit | $685.5M | $775.9M | $778.6M | $762.8M | $745.5M |
| Operating income | $282.7M | $324.7M | $329.9M | $334.5M | $315.5M |
| Net income | $628.1M | $232.6M | $212.2M | $211.0M | $276.1M |
| EPS (diluted) | $5.36 | $1.97 | $1.80 | $1.77 | $2.32 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $289.9M | $286.4M | $270.8M | $289.9M | $279.7M | $272.2M | $270.1M | $272.4M |
| Net income | $52.4M | $59.3M | $39.0M | $68.4M | $156.2M | $12.4M | -$19.3M | $19.9M |
| EPS (diluted) | $0.44 | $0.50 | $0.33 | $0.57 | $1.31 | $0.11 | -$0.16 | $0.17 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $516.4M | $592.2M | $602.6M | $541.1M | $566.3M |
| Capital expenditure | -$1.80B | -$586.6M | -$543.8M | -$501.0M | -$688.0M |
| Free cash flow | -$1.28B | $5.6M | $58.8M | $40.2M | -$121.7M |
| Dividends paid | -$237.4M | -$247.6M | -$255.4M | -$256.3M | -$257.9M |
| Net share buybacks | -$21.9M | -$22.9M | -$11.6M | -$27.6M | -$6.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $288.8M
- Total assets
- $10.63B
- Total liabilities
- $5.18B
- Total debt
- $4.66B
- Net debt
- $4.41B
- Shareholders’ equity
- $5.23B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.54 | Oct 14, 2026 |
| Jun 30, 2026 | $0.54 | Jul 8, 2026 |
| Mar 31, 2026 | $0.54 | Apr 8, 2026 |
| Dec 31, 2025 | $0.54 | Jan 7, 2026 |
| Sep 30, 2025 | $0.54 | Oct 8, 2025 |
| Jun 30, 2025 | $0.54 | Jul 9, 2025 |
| Mar 31, 2025 | $0.54 | Apr 9, 2025 |
| Dec 31, 2024 | $0.54 | Jan 8, 2025 |
Short interest
- Shares sold short
- 10,766,289
- Days to cover
- 8.69
- Change vs previous report
- +13.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 22, 2013
- 5-for-7