Company Business Update Will be Posted to Website
Kilroy Realty Corporation (NYSE: KRC) announced today that John Kilroy, Chairman and Chief Executive Officer and other members of the company’s senior management, will host a Q&A panel on Tuesday, June 2, 2020 from 10:40 a.m. to 11:10 a.m. Pacific Time.
The Q&A panel will be moderated by Stephen Sakwa, Senior Managing Director, REIT Equity Research at Evercore ISI Institutional Equities. The event will be audio-webcast live and can be accessed in the Investor Relations section of the company’s website at http://investors.kilroyrealty.com/event or by accessing this link, https://services.choruscall.com/links/krc200602.html. Those interested in listening via telephone can access the conference call at (866) 312-7299. In order to bypass speaking to the operator on the day of the call, please pre-register anytime at http://dpregister.com/10144715. An audio replay will be available one hour after the presentation and will be available in the Investor Relations section of the company’s website until June 9, 2020.
Additionally, a company update, including updated April and May rent collection data will be posted to the company’s website. The materials can be accessed by the following link: http://investors.kilroyrealty.com/Presentations.
About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the "company", "KRC") is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
KRC 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 developing, acquiring and managing office and mixed-use projects.
As of March 31, 2020, KRC’s stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 93.5% occupied and 97.3% leased. The company also had 200 residential units in Hollywood that had a quarterly average occupancy of 93.5% and another 462 residential units in San Diego that were in lease-up. In addition, KRC had eight in-process development projects with an estimated total investment of $2.0 billion, totaling approximately 2.3 million square feet of office and life science space, and 339 residential units. The office and life science space was 90% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 65% LEED-certified with 70% of eligible properties ENERGY STAR-certified as of March 31, 2020.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the sustainability leader in the Americas for six consecutive years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for seven years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past five years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. The company was recently named to Bloomberg’s 2020 Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.
More information is available at http://www.kilroyrealty.com.
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Tyler H. Rose
Executive Vice President
and Chief Financial Officer
Senior Vice President