Kilroy Realty Corporation (KRC) Stock

Kilroy Realty Corporation (KRC) is a Real Estate stock trading at $36.56 (as of 2026-08-21), with a market capitalization of $4.25B and a trailing P/E of 15.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company's approach to modern business environments helps drive creativity, productivity and employee retention for some of the world's leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC's stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.

Understand Kilroy Realty Corporation: how it makes money

Kilroy Realty Corporation is a West Coast landlord and developer, with major properties in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest, and it makes money through its real estate operations and development activity.

As a landlord and developer, KRC's profit model is driven by how effectively its real estate operations generate recurring value from its properties and how successfully it creates and monetizes new development and built space over time.

Revenue by segment (latest quarter)
Revenues$0.3B

Business quality (Weak): Facts are limited to business description and top-line revenue for 2026-03-31, and there is no clean multi-segment reportable breakdown provided beyond a revenues total.

Valuation: At 20× earnings, KRC trades 40% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • West Coast focus with meaningful local footprint: KRC is described as a leading West Coast landlord and developer with major presence across San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest.
  • Sustainability and modern workplace approach: The company highlights sustainability, innovation, and design, and says its approach helps drive creativity, productivity, and employee retention for technology, entertainment, and life science customers.

Bear case

  • Concentration risk from regional exposure: Because KRC is concentrated in specific West Coast markets (San Diego, Greater Los Angeles, the Bay Area, and the Pacific Northwest), regional real estate and business conditions can materially affect results.
  • Developer and landlord cyclicality: As both a landlord and developer, KRC may be exposed to changes in demand for space and the timing and outcome of development and building activity.
Valuation — source: SEC EDGAR (first-party)
Price$36.56
Market Cap$4.25B
P/E Ratio15.7
Price / Book0.77
Price / Sales3.83
DCF Value (model)$134.42
DCF Upside vs Price267.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.11B
Net Margin27.2%
Revenue Growth (YoY)-2.0%
EPS Growth (YoY)30.9%
Valuation vs Sector & Industry
Stock P/E15.7
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-42.2%
vs Industry-55.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($591.33M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorReal Estate
IndustryTrading
CEOAngela Aman
Employees229
CountryUS
IPO Date1997-01-29

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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KRC earnings history · KRC institutional & insider holders · KRC KPIs & operating metrics · KRC financials · KRC investor presentations & press releases · KRC SEC filings · KRC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.