Kilroy Realty Corporation Plans Quarterly Dividend of $0.54 (NYSE:KRC)

Kilroy Realty Corporation (NYSE:KRC) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Kilroy Realty has raised its dividend payment by an average of 0.0%annually over the last three years. Kilroy Realty has a payout ratio of 284.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kilroy Realty to earn $3.30 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 65.5%.

Kilroy Realty Stock Performance

Shares of KRC opened at $34.43 on Wednesday. The stock has a 50 day moving average of $37.56 and a 200 day moving average of $34.62. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 24.24 and a beta of 1.11. Kilroy Realty has a 12 month low of $27.36 and a 12 month high of $45.03. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The business had revenue of $272.37 million during the quarter, compared to analysts’ expectations of $267.39 million. During the same period in the prior year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, sell-side analysts forecast that Kilroy Realty will post 3.59 earnings per share for the current year.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.