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Kilroy Realty Corp(KRC)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$36.41
10/29/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for KRC

10/29/2026: KRC (3-star) is currently NOT-A-BUY. Pass it for now.

Kilroy Realty Corp is a REIT that owns and develops high-quality, modern office and life science spaces primarily on the US West Coast. Its main strength lies in a modern, sustainable asset portfolio positioned in key innovation hubs, which attracts high-credit tech tenants. The primary growth story involves pivoting towards life science real estate and maximizing portfolio quality. However, KRC faces significant risks from long-term trends toward remote work and interest rate-driven volatility in the office sector. Investors seeking dividend income may find this a suitable fit, though one should carefully monitor leasing progress and debt management in the current evolving commercial real estate environment.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is dependent on successful development cycles in a currently uncertain office market.
Momentum investorWeak fitThe stock often lacks strong upward momentum in the current environment for office REITs.
Value investorStrong fitCurrent valuation may be attractive for investors who believe coastal office assets are oversold.
Dividend investorStrong fit while signal remains positiveProvides consistent income, though payout coverage must be monitored against FFO trends.
Low-risk investorMixed fitOffice market volatility and interest rate sensitivity add risks not ideal for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock price is sensitive to interest rate changes and macro sentiment regarding office occupancy.
Valuation riskMediumMarket pricing of REITs can fluctuate significantly based on cap rate expectations.
Competition risk (office demand)HighHigh competition for premium tenants in constrained coastal markets impacts rental pricing power.
Business qualityStrongKRC maintains a high-quality, modern asset base that is attractive to high-credit tenants.
Dividend incomeMediumThe dividend is reliable but tied to cyclical FFO performance in the office sector.
Execution riskMediumSignificant capital is tied up in development projects that must be leased at projected rates.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 58.04%
Avg. Invested days 49
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/29/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
KRC receives a 3-star rating based on the available scored pillars. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
KRC has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+30.9%) and strong profitability (net margin 24.8%) are partially offset by weak cash generation (FCF margin -10.9%), slightly negative revenue growth (-2.0%), very low insider ownership of 0.90%.

Financial Health Rating

★★★★★
KRC's financial health is supported by solid profitability, including gross margin of 67.0% and operating margin of 28.4%. Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is KRC's strongest growth driver at +30.9% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (-2.0%, slightly negative) and free-cash-flow growth (-402.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 126.5% and approximately 89.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.90%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 13.33%
D1 Capital Partners L.P. 9.03%
Vanguard Portfolio Management, LLC 8.23%
State Street Corp 5.27%
Cohen & Steers Inc 4.96%

Unit Economics (Per $1K Revenue)

★★★★★
KRC generates approximately $670 of gross profit, $284 of operating income, and $-109 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins and weak cash conversion support a 3-star rating, while capital efficiency is weak.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
KRC has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.18B USD
Price to earnings Ratio 142.2
1Y Target Price 39.57
Price to earnings Ratio 142.2
1Y Target Price 39.57
Volume (30-day avg) 1.6M shares
Beta 1.19
52 Weeks Range 26.46 - 40.89
Updated Date 10/29/2026
52 Weeks Range 26.46 - 40.89
Updated Date 10/29/2026
Dividends yield (FY) 6.01%
Basic EPS (TTM) 0.25

How Company Makes Money

Business areaWhat it includesRetail investor read
Office Rental IncomeLeasing space to tech, professional, and life science firms.Most revenue comes from collecting long-term rent checks from high-quality business tenants.
Geography: West CoastOperations in San Diego, LA, Bay Area, and Seattle.Regional focus means results depend on the health of these specific high-tech markets.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-10-22
When After Market
Estimate 0.89
Actual 0.88

Profitability

Profit Margin 2.63%
Operating Margin (TTM) 21.7%

Management Effectiveness

Return on Assets (TTM) 1.45%
Return on Equity (TTM) 0.86%

Valuation

Trailing PE 142.2
Forward PE 103.09
Enterprise Value 8.56B
Price to Sales(TTM) 3.84
Enterprise Value 8.56B
Price to Sales(TTM) 3.84
Enterprise Value to Revenue 7.88
Enterprise Value to EBITDA 14.91
Shares Outstanding 116.31M
Shares Floating 103.76M
Shares Outstanding 116.31M
Shares Floating 103.76M
Percent Insiders 0.9
Percent Institutions 126.48

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.