Kilroy Realty Announces Dates for 2019 First Quarter Earnings Release and Conference Call
April 08 2019 - 5:01PM
Business Wire
Kilroy Realty Corporation (NYSE: KRC) announced it will
release 2019 first quarter financial results after the market
closes on Monday, May 6, 2019. The company will hold a conference
call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on
Tuesday, May 7, 2019.
To participate in the call by telephone, please dial (866)
312-7299 five to 10 minutes prior to the start time to allow time
for registration. International callers should dial (412)
317-1070.
In order to bypass speaking to the operator on the day of the
call, please pre-register anytime at http://dpregister.com/10126352.
This call will be broadcast live over the Internet and can be
accessed on the Investor Relations section of Kilroy Realty’s
website at http://investors.kilroyrealty.com/event.
A replay will also be available beginning May 7, 2019 through
May 14, 2019, by dialing (877) 344-7529 and entering passcode
10126352. International callers should dial (412) 317-0088 and
enter the same passcode.
About Kilroy Realty Corporation. Kilroy Realty
Corporation (KRC), a publicly traded real estate investment trust
and member of the S&P MidCap 400 Index, is one of the West
Coast’s premier landlords. The company has over 70 years of
experience developing, acquiring and managing office and mixed-use
real estate assets. 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 December 31, 2018, the company’s stabilized portfolio
totaled approximately 13.2 million square feet of office space
located in the coastal regions of Los Angeles, Orange County, San
Diego, the San Francisco Bay Area and Greater Seattle and 200
residential units located in the Hollywood submarket of Los
Angeles. The stabilized portfolio was 94.4% occupied and 96.6%
leased. In addition, KRC had three projects under construction
totaling approximately 1.3 million square feet of office space that
was 37% leased, 801 residential units and 96,000 square feet of
retail space that was 91% leased, as well as two projects in the
tenant improvement phase totaling approximately 1.2 million square
feet of office and PDR space. The office components of the two
projects are fully leased to Adobe and Dropbox.
The company’s commitment and leadership position in
sustainability has been recognized by various industry groups
across the world. In September 2018, the company was recognized by
GRESB both as North American leader across all asset classes and a
global leader among all publicly traded real estate companies.
Other sustainability accolades include NAREIT’s Leader in the Light
award for the past five years, the EPA’s highest honor of Sustained
Excellence and winner of ENERGY STAR Partner of the Year for the
past five years. The company is listed in the Dow Jones
Sustainability World Index. At the end of the fourth quarter, the
company’s stabilized portfolio was 63% LEED certified and 79% of
eligible properties were ENERGY STAR certified. 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 or implied in the
forward-looking statements, and you should not rely on the
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 the forward-looking statements, including, among
others: global market and general economic conditions and their
effect on our liquidity and financial conditions and those of our
tenants; adverse economic or real estate conditions generally, and
specifically, in the States of California and Washington; risks
associated with our investment in real estate assets, which are
illiquid, and with trends in the real estate industry; defaults on
or non-renewal of leases by tenants; any significant downturn in
tenants’ businesses; our ability to re-lease property at or above
current market rates; costs to comply with government regulations,
including environmental remediation; the availability of cash for
distribution and debt service and exposure to risk of default under
debt obligations; increases in interest rates and our ability to
manage interest rate exposure; the availability of financing on
attractive terms or at all, which may adversely impact our future
interest expense and our ability to pursue development,
redevelopment and acquisition opportunities and refinance existing
debt; a decline in real estate asset valuations, which may limit
our ability to dispose of assets at attractive prices or obtain or
maintain debt financing, and which may result in write offs or
impairment charges; significant competition, which may decrease the
occupancy and rental rates of properties; potential losses that may
not be covered by insurance; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired, developed and redeveloped
properties; the ability to successfully complete development and
redevelopment projects on schedule and within budgeted amounts;
delays or refusals in obtaining all necessary zoning, land use and
other required entitlements, governmental permits and
authorizations for our development and redevelopment properties;
increases in anticipated capital expenditures, tenant improvement
and/or leasing costs; defaults on leases for land on which some of
our properties are located; adverse changes to, or enactment or
implementations of, tax laws or other applicable laws, regulations
or legislation, as well as business and consumer reactions to such
changes; risks associated with joint venture investments, including
our lack of sole decision-making authority, our reliance on
co-venturers’ financial condition and disputes between us and our
co-venturers; environmental uncertainties and risks related to
natural disasters; and our ability to maintain our status as a
REIT. These factors are not exhaustive and additional factors could
adversely affect our business and financial performance. 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, 2018 and
our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on currently available
information, and speak only as of the dates 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 we are required to do so in connection with our ongoing
requirements under federal securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20190408005810/en/
Tyler H. RoseExecutive Vice Presidentand Chief Financial
Officer(310) 481-8484orMichelle NgoSenior Vice Presidentand
Treasurer(310) 481-8581
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