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

$37.27+1.31(0.04%)Market closed

Market Cap

$4.19B

P/E

88.4x

P/S

3.9x

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 (REIT) 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: 42/100

Strongest: Cash & Earnings Quality (16/25); weakest: Growth (5/25).

Profitability10/25

Growth5/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality16/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowNo share dilution

Valuation vs. 5-year range

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

P/E · 88.4x5y range 6.9x – 88.4x

Currently above its 20-quarter median.

P/S · 3.9x5y range 3.0x – 4.8x

Currently near its 20-quarter median.

P/B · 0.8x5y range 0.6x – 0.9x

Watch items

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

High Risk

Margin Pressure

Red Flag

Operating margins dropped 23.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Revenue Decline

Watch

Revenue has softened, declining in 6 quarters. Watch for further erosion.

Price & Volume

Market Cap $4.19B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $1.09B
Q. Revenue: $271.60M
TTM EBITDA: $622.00M
TTM Op. Income: $248.31M
Q. Op. Income: $58.94M
TTM Net Income: $47.42M
Q. Net Income: $20.27M
EPS: $0.13
Shares Out.: $116.31M

$1.09B in TTM revenue declined 3.6% YoY, reaching $271.60M last quarter. TTM EBITDA of $622.00M and TTM operating income of $248.31M show growth is flowing through to the bottom line. TTM net income of $47.42M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 56.0%
Op. Margin: 21.7%
Net Margin: 7.5%

Op. margin of 21.7% is down 7.2% YoY — costs are rising relative to revenue. Net margin at 7.5% Over the past year, operating margin is down 25% — a weakening trend.

Price Ratios

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

P/E Ratio: 88.4x
P/S Ratio: 3.9x
P/B Ratio: 0.8x

At 88.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.9x and P/B of 0.8x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $10.48B
Cash: $94.30M
Long-Term Debt: $4.34B
Book Value: $5.18B
D/E Ratio: 0.8
Debt/EBITDA: 28.5

With $10.48B in assets and $4.34B in long-term debt, D/E is 0.8and book value is $5.18B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $156.15M
TTM Free Cash Flow: $337.66M
FCF Margin: 31.1%
FCF / Net Income: 7.1

TTM FCF of $337.66M on $156.15M in operating cash flow. The FCF / Net Income ratio of 7.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.