Kilroy Realty (KRC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kilroy Realty

NYSE•Real Estate•REIT - Office

$34.83+0.41(0.01%)Market open

Market Cap

$3.98B

P/E

21.0x

P/S

3.6x

P/B

0.8x

Kilroy Realty Corporation is a leading U.S. landlord and developer, with operations in the San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin. The Company has earned global recognition for sustainability, building operations, innovation, and design. As a pioneer and innovator in the creation of a more sustainable real estate industry, the Company's approach to modern business environments helps drive creativity and productivity for some of the world's leading technology, media, life science, and professional services companies. The Company is a publicly traded real estate investment trust and member of the S&P MidCap 400 Index with more than seven decades of experience managing, developing, and acquiring office, life science, and mixed-use projects. As of June 30, 2026, Kilroy's stabilized portfolio totaled approximately 17.1 million square feet of primarily office and life science space that was 77.0% occupied and 81.5% leased. The Company also has 608 residential units in San Diego, with a quarterly average occupancy of 95.6%. Kilroy Realty Corporation was incorporated in 1947 in Maryland. Kilroy Realty Corporation is based in Los Angeles, California.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Cash & Earnings Quality (16/25); weakest: Growth (6/25).

Profitability13/25

Growth6/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality16/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.0x5y range 11.4x – 43.1x

Currently near its 20-quarter median.

P/S · 3.6x5y range 3.0x – 9.2x

Currently near its 20-quarter median.

P/B · 0.8x5y range 0.6x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 17.2% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $3.98B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.09B
Q. Revenue: $272.37M
TTM EBITDA: $638.12M
TTM Op. Income: $270.11M
Q. Op. Income: $65.35M
TTM Net Income: $189.43M
Q. Net Income: $24.71M
EPS: $0.17
Shares Out.: $116.29M

$1.09B in TTM revenue declined 3.8% YoY, reaching $272.37M last quarter. TTM EBITDA of $638.12M and TTM operating income of $270.11M show growth is flowing through to the bottom line. TTM net income of $189.43M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 58.3%
Op. Margin: 24.0%
Net Margin: 9.1%

Op. margin of 24.0% is down 8.1% YoY — costs are rising relative to revenue. Net margin at 9.1% Over the past year, operating margin is down 25% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.0x
P/S Ratio: 3.6x
P/B Ratio: 0.8x

At 21.0x P/E, the stock trades within typical market levels. P/S of 3.6x and P/B of 0.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 27% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.63B
Cash: $253.81M
Long-Term Debt: $4.54B
Book Value: $5.23B
D/E Ratio: 0.9
Debt/EBITDA: 28.6

With $10.63B in assets and $4.54B in long-term debt, D/E is 0.9and book value is $5.23B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 1% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $78.21M
TTM Free Cash Flow: $376.75M
FCF Margin: 34.4%
FCF / Net Income: 2.0

TTM FCF of $376.75M on $78.21M in operating cash flow. The FCF / Net Income ratio of 2.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 17% — a weakening trend.