Kilroy Realty: Fourth Quarter Earnings Overview

Kilroy Realty Corp. Reports Fourth Quarter Financial Results

Kilroy Realty Corp., a Los Angeles-based real estate investment trust, announced its fourth quarter financial performance on Monday, revealing results that did not meet analysts' expectations.

During the quarter, the company recorded funds from operations totaling $117.2 million, which translates to 97 cents per share. This figure was slightly below the 98 cents per share anticipated by four analysts polled by Zacks Investment Research.

Funds from operations, a key metric for REITs that adjusts net income by adding back depreciation and amortization, is closely monitored within the industry.

Net income for the quarter reached $12.4 million, or 10 cents per share.

On the revenue side, Kilroy Realty generated $272.2 million, surpassing the $270.6 million forecasted by three Zacks analysts.

For the entire year, the company reported funds from operations of $505.9 million and total revenue of $1.11 billion.

Looking ahead, Kilroy Realty projects its full-year funds from operations to fall between $3.25 and $3.45 per share.