Kilroy Realty Corporation · NYSE:KRC
Kilroy Realty — Investor Presentation (May 2026)
28 slides from Kilroy Realty's investor presentation, May 2026
Slide 1: Kilroy Realty Corporation Investor Presentation
Kilroy Realty Corporation Investor Presentation May 2026 Kilroy Oyster Point Phase 2, South San Francisco, CA
Slide 2: Company Overview
01 Company Overview 350 Mission, San Francisco, CA
Slide 3: Who is Kilroy?
PORTFOLIO QUICK FACTS Who is Kilroy? Rentable Square Feet (“RSF”) – Stabilized Portfolio 17.1M Office and Life Science Properties 123 Stabilized Occupancy (%) / Leased (%) 77.6% / 82.3% ⎼ Kilroy Realty Corporation (“KRC” or the “Company”) is a leading, publicly traded Signed But Not Yet Commenced Sp
Slide 4: Recent Leasing Performance
Recent Leasing Performance Strong Leasing Performance to Start 2026 568K SF +46% ~$78M of Leases Signed in Q1 2026 – Strongest First - Year -over -Year Increase in TTM Leasing Volume ABR on Signed But Not Yet Commenced Space Quarter Performance Since 2017 Recent Leasing by Quarter Q1 Leasing Highlig
Slide 5: Why Kilroy?
Why Kilroy? An Opportunity to Capitalize on the Ongoing West Coast Recovery Strengthening Fundamentals Across the Company’s West Coast Markets ⎼ Fueled by rising levels of venture capital (“VC”) funding, a rapidly expanding artificial intelligence (“AI”) sector, and return -to-office momentum, KRC r
Slide 6: Kilroy's Strategic Approach
Kilroy’s Strategic Approach A Disciplined Strategy Focused on Quality, Durability, and Growth HIGH -QUALITY DURABLE AND PRUDENT CAPITAL PLATFORM DISCIPLINED BALANCE PORTFOLIO GROWING CASH FLOW ALLOCATION EXCELLENCE SHEET MANAGEMENT ⎼ Maintain a best -in-class ⎼ Secure long -term ⎼ Balance capital ⎼
Slide 7: West Coast Opportunity
02 West Coast Opportunity Westside Media Center, Los Angeles, CA
Slide 8: West Coast Opportunity: Hub of Innovation and Discovery
West Coast Opportunity The West Coast Remains the Nation’s Leading Hub of SEATTLE Innovation and Discovery ~3.0M SF KRC’s high -quality West Coast portfolio is uniquely positioned to benefit from substantial investments being made in AI and emerging technologies Unparalleled Access to Capital: SAN F
Slide 9: AI is Positively Reshaping Office and Life Science Demand
West Coast Opportunity AI is Positively Reshaping Office and Life Science Demand in Major Innovation Driven West Coast Markets AI is positively reshaping demand and reinforcing the strategic importance of well -located real estate, particularly in the Bay Area, where concentrations of VC funding and
Slide 10: Resilient Labor Market Amid Accelerating AI Adoption
West Coast Opportunity Resilient Labor Market Amid Accelerating AI Adoption US New Business Applications ⎼ The US labor market continues to demonstrate notable resilience, contrary 600,000 to the ongoing discussion of AI -driven job displacement 550,000 ⎼ AI is emerging primarily as a complement to
Slide 11: Hiring Trends Among Major NASDAQ Companies
West Coast Opportunity Hiring Trends Among Major NASDAQ Companies ⎼ An analysis of nine leading NASDAQ companies shows continued expansion of Engineering and Sales and Support Post -ChatGPT technical and customer -facing teams Growth Rate by Company • While several companies have implemented targete
Slide 12: Kilroy Oyster Point Phase 2 Update
03 Kilroy Oyster Point Phase 2 Update Kilroy Oyster Point Phase 2, South San Francisco, CA
Slide 13: KOP Update: Project Overview
KOP 2 Update Project Overview Project Overview: ⎼ KOP 2 is a three -building, 872K SF life science development within KRC’s broader five - phase KOP project, located on a 50 -acre waterfront site in the heart of the Bay Area’s most significant life science cluster. KOP 2 entered the stabilized portf
Slide 14: KOP Leasing Update
KOP 2 Update KOP 2 Leasing Update ⎼ In April, the Company executed a 38K SF lease with Olema Pharmaceuticals, bringing the project to approximately 49% leased ⎼ The future pipeline remains robust as we complete the remaining lease -up of the multi -tenant building, while also engaging with multiple
Slide 15: Encouraging Forward Indicators Across the Life Science Sector
KOP 2 Update Encouraging Forward Indicators Have Emerged Across the Life Science Sector Annual Change, XBI and US Lab Deals 100% 80% 72% ⎼ Biotech equities have continued to outperform, with 61% 60% recent strength increasingly translating into improved 40% lab leasing activity, reinforcing the hist
Slide 16: Capital Allocation
04 Capital Allocation Nautilus, San Diego, CA
Slide 17: Investment Update: Strategic Capital Allocation
Investment Update Strategic Capital Allocation 2026 Year-to-Date Activity: $348M OF DISPOSITIONS As part of the Company’s broader strategy to $36M OF LAND ACQUISITIONS enhance portfolio resilience and drive long -term cash flow durability and growth, KRC is recycling capital in a disciplined manner
Slide 18: Capital Markets Transactions: Recent Strategic Dispositions
Capital Markets Transactions Recent Strategic Dispositions Kilroy Sabre Springs (San Diego, CA) Del Mar Tech Center (San Diego, CA) ⎼ In January, sold Kilroy Sabre Springs, ⎼ In March, sold Del Mar Tech Center, a ~428K SF office campus, for $125M a ~39K SF multi -tenant office ⎼ Efficiently harveste
Slide 19: Capital Markets Transactions: Recent Strategic Acquisitions
Capital Markets Transactions Recent Strategic Acquisitions 1900 Broadway Acquisition (Redwood City, CA) ⎼ In February, formed a joint venture to develop a premier, substantially pre -leased, Class -A office asset in Downtown Redwood City, one of the strongest submarkets in the KRC portfolio ⎼ 1900 B
Slide 20: Strong Balance Sheet and Robust Liquidity Profile
05 Strong Balance Sheet and Robust Liquidity Profile Aero, Long Beach, CA
Slide 21: Strong Balance Sheet and Robust Liquidity Profile
Strong Balance Sheet and Robust Liquidity Profile Well -Laddered Debt Maturity Profile and Substantial Unencumbered Asset Base Provide Valuable Financial and Operational Flexibility Statistics and Ratios (as of March 31, 2026) Debt Statistics ⎼ $1.3B of available liquidity, as of March 31, 2026, com
Slide 22: Environmental, Social, and Governance
06 Environmental, Social, and Governance 2100 Kettner, San Diego, CA
Slide 23: Sustainability Strategy
Environmental, Social, and Governance Sustainability Strategy KRC’s vision is to improve the environmental and social performance of its portfolio and the Company, increasing the health a nd productivity of its tenants, employees, and communities, and enhancing its financial and operational performa
Slide 24: 2030 Environmental Goals
Environmental, Social, and Governance 2030 Environmental Goals ENERGY EMISSIONS WATER Energy Use Intensity (“EUI”): Achieve a 10% Greenhouse Gas (“GHG”) Emissions Intensity: Water Audit: Complete in -house water audits at reduction in portfolio average EUI by 2030, Achieve a 10% reduction in onsite
Slide 25: 2030 Social Goals
Environmental, Social, and Governance 2030 Social Goals ⎼ The Company’s 2030 Social Goals focus on ensuring ready now bench strength and elevation organizational capabilities, a highl y engaged workforce, and a positive impact on KRC’s local communities. These goals align with five tenets that defin
Slide 26: Building Certifications
Environmental, Social, and Governance Building Certifications LEED Fitwel Carbon Neutral Operations 70% 48% 100% Portfolio Portfolio Carbon Neutral Certified 12,422,928 Total Certified SF Certified 8,549,176 Total Certified SF Operations 100% of KRC’s stabilized portfolio is operating on a carbon ne
Slide 27: Achievements and Accolades
Environmental, Social, and Governance Achievements and Accolades Best in Building Health Carbon Neutral Operations Fitwel Excellence Award, Achieved Carbon Neutral Operations , Most Certifications of All Time, 2019 -2022 2020 -2025 Greatest Number of Recertified Projects of All - Time, 2026 Energy S
Slide 28: Where Innovation Works
Where Innovation Works Where Innovation Works