Kilroy Realty Awarded NAREIT’s 2015 Office Leader in the Light Award for the Second Consecutive Year
November 19 2015 - 4:16PM
Business Wire
Co-Winner of the Award in 2015
Kilroy Realty Corporation (NYSE: KRC) today said that the
National Association of Real Estate Investment Trusts (NAREIT) has
awarded KRC the 2015 Leader in the Light Award for the Office
sector. KRC is one of two winners of the award this year. The
Leader in the Light Award is NAREIT’s highest sustainability honor
in recognition of superior, comprehensive and continuous
sustainability practices. Winners are recognized in each property
sector. KRC was ranked first out of 12 NAREIT member office
companies.
NAREIT evaluates various factors in selecting its Leader in the
Light winners, including specific energy, water and waste
initiatives and incorporates the results of the Global Real Estate
Sustainability Benchmark (GRESB). GRESB's Annual Survey measures
the sustainability performance of property portfolios around the
world. In 2015, 707 real estate companies and funds participated in
the survey, representing $2.3 trillion in gross asset value and
61,000 assets. This year, the GRESB ranked KRC first out of 155
North American respondents across all sectors.
“We are thrilled that NAREIT has recognized the sustainability
efforts of the KRC team by conferring on us its Leader in the Light
Award for the second year in a row,” said Sara Neff, Vice President
of Sustainability for KRC. “NAREIT’s leadership on sustainability
has pushed the entire real estate industry to focus on the
environmental impact of its operations, and we are proud to be
recognized as a leader in this movement.”
About Kilroy Realty Corporation. With more than 65 years’
experience owning, developing, acquiring and managing real estate
assets in West Coast real estate markets, Kilroy Realty Corporation
(KRC), a publicly traded real estate investment trust and member of
the S&P MidCap 400 Index, is one of the region’s premier
landlords. The company provides physical work environments that
foster creativity and productivity and serves a broad roster of
dynamic, innovation-driven tenants, including technology,
entertainment, digital media and health care companies.
At September 30, 2015, the company’s stabilized portfolio
totaled 13.1 million square feet of office properties, all
located in the coastal regions of greater Seattle, the San
Francisco Bay Area, Los Angeles, Orange County and San Diego. The
company is recognized by the Global Real Estate Sustainability
Benchmark (GRESB) as the North American leader in sustainability
and was ranked first among 155 North American participants
across all asset types. At the end of the third quarter, the
company’s properties were 45% LEED certified and 64% of eligible
properties were ENERGY STAR certified. In addition, KRC had
approximately 2.3 million square feet of office and mixed-use
development under construction with a total estimated investment of
approximately $1.5 billion. More information is available at
http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are
difficult to predict, many of which are outside of our control.
Accordingly, actual performance, results and events may vary
materially from those indicated in forward-looking statements, and
you should not rely on forward-looking statements as predictions of
future performance, results or events. Numerous factors could cause
actual future performance, results and events to differ materially
from those indicated in forward-looking statements, including,
among others, risks associated with: investment in real estate
assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and
rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; the availability of cash
for distribution and debt service and exposure of risk of default
under debt obligations; adverse changes to, or implementations of,
applicable laws, regulations or legislation; and the ability to
successfully complete development and redevelopment projects on
schedule and within budgeted amounts. These factors are not
exhaustive. For a discussion of additional factors that could
materially adversely affect our business and financial performance,
see the factors included under the caption “Risk Factors” in our
annual report on Form 10-K for the year ended
December 31, 2014 and our other filings with the
Securities and Exchange Commission. All forward-looking statements
are based on information that was available, and speak only as of
the date on which they are made. We assume no obligation to update
any forward-looking statement made in this press release that
becomes untrue because of subsequent events, new information or
otherwise, except to the extent required in connection with ongoing
requirements under U.S. securities laws.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119006685/en/
Kilroy Realty CorporationSara NeffVice President of
Sustainability(310) 481-8449orMichelle NgoSenior Vice Presidentand
Treasurer(310) 481-8581
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