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Kilroy Realty: 4Q Earnings Snapshot

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LOS ANGELES (AP) _ Kilroy Realty Corp. (KRC) on Monday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations.

The real estate investment trust, based in Los Angeles, said it had funds from operations of $112.7 million, or 95 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 97 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $78.6 million, or 67 cents per share.

The real estate investment trust posted revenue of $229.3 million in the period.

For the year, the company reported funds from operations of $433.4 million, or $3.71 per share. Revenue was reported as $898.4 million.

The company's shares have declined 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.75, a decrease of 32% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRC at https://www.zacks.com/ap/KRC