From Yahoo Finance: 2025-05-08 13:30:00

Kilroy Realty reported fair earnings last quarter with occupancy decreasing in San Francisco, Los Angeles, Seattle, and San Diego. Funds from operations were $122.3 million, down 8.5% from last year. CEO Angela Aman remains optimistic about San Francisco, noting increased leasing activity, including Amplitude renewing 57,560 square feet. Databricks also expanded in Seattle, boosting optimism for future transactions. However, occupancy across Kilroy’s portfolio fell to 81.4% last quarter. DermTech and 23andMe reduced office spaces due to bankruptcy, affecting overall occupancy. Kilroy plans to stabilize occupancy with upcoming development projects but has paused new developments for 2025. They are looking to sell part of their Santa Fe Summit site in San Diego for $38 million to generate revenue.



Read more at Yahoo Finance: Kilroy reports lackluster earnings as West Coast tenants downsize