Kilroy Realty Declares Quarterly Dividends
September 15 2016 - 5:06PM
Business Wire
Kilroy Realty Corporation (NYSE: KRC) announced today
that its board of directors declared a regular quarterly cash
dividend of $0.375 per common share payable on October 12, 2016 to
stockholders of record on September 30, 2016. The dividend is
equivalent to an annual rate of $1.50 per share.
The board of directors also declared a dividend of $0.4296875
per share on the company’s 6.875% Series G Cumulative Redeemable
Preferred Stock for the period commencing on and including August
15, 2016 up to and including November 14, 2016. The dividend will
be payable on November 15, 2016 to Series G preferred stockholders
of record on October 31, 2016.
The board of directors also declared a dividend of $0.3984375
per share on the company’s 6.375% Series H Cumulative Redeemable
Preferred Stock for the period commencing on and including August
15, 2016 up to and including November 14, 2016. The dividend will
be payable on November 15, 2016 to Series H preferred stockholders
of record on October 31, 2016.
About Kilroy Realty Corporation. With almost 70 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 June 30, 2016, the company’s stabilized portfolio totaled
13.7 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 GRESB as the North American leader in sustainability and was
ranked first among 178 North American participants across all asset
types. The company’s properties were 47% LEED certified and 71% of
eligible properties were ENERGY STAR certified. In addition, KRC
had one office project totaling approximately 700,000 square feet
under construction, two office projects in lease-up totaling
approximately 430,000 square feet and a 200-unit residential tower
in lease-up. 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, 2015 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/20160915006594/en/
Kilroy Realty CorporationTyler H. RoseExecutive Vice
Presidentand Chief Financial Officer(310) 481-8484orMichelle
NgoSenior Vice Presidentand Treasurer(310) 481-8581
Kilroy Realty (NYSE:KRC)
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