Revenue: As of FY2025 Q1, the actual value is USD 270.84 M, missing the estimate of USD 274.33 M.EPS: As of FY2025 Q1, the actual value is USD 0.33, beating the estimate of USD 0.2937.EBIT: As of FY2025 Q1, the actual value is USD 162 M, beating the estimate of USD 73.96 M.<h3>Financial Results</h3><ul><li>Revenues: Kilroy Realty Corporation reported revenues of $270.8 million for the quarter ended March 31, 2025, compared to $278.6 million for the same period in 2024.</li><li>Net Income: Net income available to common stockholders was $39.0 million, or $0.33 per diluted share, for the quarter ended March 31, 2025, compared to $49.9 million, or $0.42 per diluted share, for the same period in 2024.</li><li>Funds From Operations (FFO): FFO was $122.3 million, or $1.02 per diluted share, for the quarter ended March 31, 2025, compared to $133.7 million, or $1.11 per diluted share, for the same period in 2024.</li></ul><h3>Leasing and Occupancy</h3><ul><li>Occupancy Rates: The stabilized portfolio was 81.4% occupied and 83.9% leased as of March 31, 2025.</li><li>Leasing Activity: During the quarter, Kilroy signed approximately 248,000 square feet of leases, including 98,000 square feet of new leasing on previously vacant space, 59,000 square feet of new leasing on currently occupied space, and 91,000 square feet of renewal leasing.</li></ul><h3>Development</h3><ul><li>Kilroy Oyster Point Phase 2: Progressed from the under construction phase to the tenant improvement phase after receiving a temporary certificate of occupancy in January.</li></ul><h3>Dividend</h3><ul><li>Dividend Payment: The Board declared and paid a regular quarterly cash dividend of $0.54 per share, equivalent to an annual rate of $2.16 per share, paid on April 9, 2025.</li></ul><h3>Recent Developments</h3><ul><li>Land Sale Agreement: Entered into an agreement to sell a portion of the land at Santa Fe Summit for $38.0 million in gross proceeds, expected to close upon receipt of entitlements in 2026.</li></ul><h3>Outlook / Guidance</h3><ul><li>FFO Guidance: The Company affirmed Nareit-defined FFO per share guidance for the full year 2025 of $3.85 to $4.05 per diluted share.</li><li>Key Assumptions: Guidance assumes a range of outcomes related to the capitalization of interest expense and other carry costs on certain future development projects, with no impact from 2025 capital recycling activities.</li><li>Market Conditions: Guidance reflects management’s views on current and future market conditions, including assumptions with respect to rental rates, occupancy levels, and the earnings impact of referenced events.</li></ul>

Kilroy Realty | 8-K: FY2025 Q1 Revenue Misses Estimate at USD 270.84 M