Revenue: As of FY2026 Q2, the actual value is USD 272.37 M.

EPS: As of FY2026 Q2, the actual value is USD 0.17, beating the estimate of USD 0.1359.

EBIT: As of FY2026 Q2, the actual value is USD 66.35 M.

Financial Results

Revenues

• Total revenues for the quarter ended June 30, 2026, were $272.4 million, compared to $289.9 million for the same period in 2025.
• Total revenues for the six months ended June 30, 2026, were $542.424 million, compared to $560.736 million for the six months ended June 30, 2025.

Net Income Available to Common Stockholders

• Net income available to common stockholders for the quarter ended June 30, 2026, was $19.9 million, compared to $68.4 million for the quarter ended June 30, 2025.
• Net income available to common stockholders for the six months ended June 30, 2026, was $0.638 million, compared to $107.457 million for the six months ended June 30, 2025.

Funds From Operations (FFO)

• FFO for the quarter ended June 30, 2026, was $109.3 million, compared to $135.9 million for the quarter ended June 30, 2025.
• FFO for the six months ended June 30, 2026, was $218.184 million, compared to $258.201 million for the six months ended June 30, 2025.

Funds Available for Distribution (FAD)

• FAD for the quarter ended June 30, 2026, was $83.626 million, compared to $103.889 million for the quarter ended June 30, 2025.
• FAD for the six months ended June 30, 2026, was $174.732 million, compared to $212.985 million for the six months ended June 30, 2025.

Net Operating Income (NOI)

• NOI for the quarter ended June 30, 2026, was $180.293 million, compared to $190.779 million for the quarter ended June 30, 2025.
• NOI for the six months ended June 30, 2026, was $358.696 million, compared to $371.018 million for the six months ended June 30, 2025.
• Net Operating Income Margin for Q2 2026 was 66.2%, consistent with 66.2% for Q2 2025.

Same Property Cash Net Operating Income

• Same Property Cash Net Operating Income for the quarter ended June 30, 2026, was $176.214 million, an increase of 1.5% compared to $173.568 million for the same period in 2025.
• For the six months ended June 30, 2026, it was $344.856 million, an increase of 1.7% compared to $339.230 million for the six months ended June 30, 2025.

EBITDAre

• EBITDAre for the quarter ended June 30, 2026, was $159.986 million, compared to $181.500 million for the same period in 2025.
• Kilroy Realty Corporation’s Share of EBITDAre for Q2 2026 was $152.478 million, compared to $167.914 million for Q2 2025.
• Kilroy Realty Corporation’s Share of Adjusted EBITDAre for Q2 2026 was $151.231 million, compared to $167.402 million for Q2 2025.

Operational Metrics

Occupancy and Leasing

• The Stabilized Portfolio was 77.0% occupied and 81.5% leased at June 30, 2026.
• Excluding Kilroy Oyster Point Phase 2 (KOP 2), the Stabilized Portfolio was 80.8% occupied and 83.3% leased at June 30, 2026.
• During the second quarter, Kilroy Realty Corporation signed approximately 376,000 square feet of leases, comprising 226,000 square feet of new leasing on previously vacant space, 7,000 square feet of new leasing on currently occupied space, and 143,000 square feet of renewal leasing.
• GAAP rents on leases signed during the quarter increased 21.0% from prior levels on Second Generation leasing, excluding short-term leasing, and cash rents increased by 6.1%.
• Excluding leases signed on space vacant for more than 12 months, GAAP rents increased 27.3% and cash rents increased 15.6%.

Capital Expenditures

• Second Generation Capital Expenditures for Q2 2026 totaled $28.111 million, including $6.576 million in Capital Improvements and $21.535 million in Tenant Improvements & Leasing Commissions.
• First Generation Capital Expenditures for Tenant Improvements & Leasing Commissions were $14.738 million in Q2 2026.

Balance Sheet and Liquidity

• Total Assets as of June 30, 2026, were $10.631948 billion, compared to $10.915076 billion at year-end 2025.
• Total Liabilities as of June 30, 2026, were $5.183974 billion, down from $5.277333 billion at year-end 2025.
• Total equity decreased to $5.447974 billion from $5.637743 billion over the same period.
• Total real estate assets held for investment, net, were $9.448187 billion as of June 30, 2026, down from $9.691330 billion at December 31, 2025.
• Cash and cash equivalents increased to $253.805 million from $179.316 million as of June 30, 2026, compared to December 31, 2025.
• Kilroy Realty Corporation completed the sale of two residential towers in April for gross sales proceeds of $202.0 million.
• In April, $50.0 million of 4.300% Private Placement Senior Notes Series A due July 2026 were repaid.
• The unsecured revolving credit facility’s borrowing capacity was increased from $1.10 billion to $1.25 billion, and the unsecured term loan facility from $200.0 million to $250.0 million.
• The maturity date of the unsecured revolving credit facility was extended to July 31, 2030, and the term loan facility to July 31, 2031.
• In July, $200.0 million of 4.350% Private Placement Senior Notes Series B due October 2026 were repaid.
• Net Debt to Kilroy Realty Corporation’s Share of EBITDAre Ratio was 7.0x as of June 30, 2026.
• Net Debt to Kilroy Realty Corporation’s Share of Adjusted EBITDAre Ratio was 7.1x as of June 30, 2026.
• Fixed Charge Coverage Ratio - Kilroy Realty Corporation’s Share of EBITDAre was 3.1x for Q2 2026.

Cash Flow

• Net cash provided by operating activities for the six months ended June 30, 2026, was $228.902 million, a decrease from $280.667 million in the prior year period.
• Net cash provided by investing activities was $134.022 million, compared to net cash used of - $100.343 million in 2025.
• Net cash used in financing activities was - $288.435 million, an increase from - $152.885 million in the previous year.
• The net increase in cash and cash equivalents was $74.489 million, up from $27.439 million.

Dividend

• Kilroy Realty Corporation declared and paid a regular quarterly cash dividend of $0.54 per share on its common stock, equivalent to an annual rate of $2.16 per share.

Outlook / Guidance

Kilroy Realty Corporation affirmed its Nareit-defined FFO per share guidance for the full year 2026, ranging from $3.49 to $3.63 per diluted share. Key assumptions for 2026 include an average full-year occupancy of 76.5% to 78.0% and Same Property Cash Net Operating Income growth of 0.25% to 1.25%. Total development spending has been revised to approximately $150.0 million, and operating property dispositions are expected to be between $347.5 million and $500.0 million.