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.<h3>Segment Revenue</h3><ul><li>Rental Income: $266,244 thousand for the three months ended March 31, 2025, compared to $274,890 thousand for the same period in 2024, indicating a decrease of $8,646 thousand or 3.1%.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: $43,681 thousand for the three months ended March 31, 2025, compared to $55,700 thousand for the same period in 2024, showing a decrease of $12,019 thousand or 21.6%.</li><li>Property Expenses: $58,714 thousand for the three months ended March 31, 2025, compared to $57,320 thousand for the same period in 2024, reflecting an increase of $1,394 thousand or 2.4%.</li><li>Real Estate Taxes: $28,365 thousand for the three months ended March 31, 2025, compared to $29,239 thousand for the same period in 2024, indicating a decrease of $874 thousand or 3.0%.</li><li>Depreciation and Amortization: $87,119 thousand for the three months ended March 31, 2025, compared to $88,031 thousand for the same period in 2024, showing a decrease of $912 thousand or 1.0%.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: $136,921 thousand for the three months ended March 31, 2025, compared to $167,869 thousand for the same period in 2024, indicating a decrease of $30,948 thousand or 18.4%.</li><li>Net Cash Used in Investing Activities: - $76,660 thousand for the three months ended March 31, 2025, compared to $76,849 thousand provided in the same period in 2024, reflecting a change of - $153,509 thousand or -199.8%.</li><li>Net Cash Used in Financing Activities: - $79,240 thousand for the three months ended March 31, 2025, compared to $100,126 thousand provided in the same period in 2024, indicating a change of - $179,366 thousand or -179.1%.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue its development and redevelopment programs, with expected expenditures between $50.0 million to $150.0 million on development projects throughout the remainder of 2025.</li><li>Capital Recycling Program: Kilroy Realty Corporation is evaluating opportunities for the potential disposition of non-core properties and undeveloped land, with the intent of using the proceeds to acquire new operating and development properties, finance development and redevelopment expenditures, repay long-term debt, and for other general corporate purposes.</li></ul><h3>Priority</h3><ul><li>Debt Management: The company is focused on maintaining a conservative balance sheet with a strong credit profile, managing its capital structure to reflect a long-term investment approach, and utilizing multiple sources of capital to meet its long-term capital requirements.</li></ul>

Kilroy Realty | 10-Q: FY2025 Q1 Revenue Misses Estimate at USD 270.84 M