Kilroy Realty Corporation · NYSE:KRC
Kilroy Realty — Q1 2025 Earnings Presentation
21 slides from Kilroy Realty's earnings presentation, May 5, 2025
Slide 1: Kilroy Realty Supplemental Financial Report Q1 2025
Kilroy Realty Supplemental Financial Report Q1 2025
Slide 2: Exhibit 99.1
Exhibit 99.1 i
Slide 3: Table of Contents
Table of Contents Corporate Data & Financial Highlights Company Background 2 Financial Highlights 3 Consolidated Balance Sheets 4 Consolidated Statements of Operations 5 Funds From Operations & Funds Available for Distribution 6 Supplemental Income Statement Detail 7 Net Operating Income 8 Same Prop
Slide 4: The Post at Indeed Tower, Austin, TX
The Post at Indeed Tower, Austin, TX
Slide 5: Corporate Data & Financial Highlights
01 Corporate Data & Financial Highlights – Company Background – Financial Highlights – Consolidated Balance Sheets – Consolidated Statements of Operations – Funds From Operations & Funds Available for Distribution – Supplemental Income Statement Detail – Net Operating Income – Same Property Net Oper
Slide 6: Jardine, Los Angeles, CA
Jardine, Los Angeles, CA Kilroy Realty Q1 2025 Supplemental Report | 2
Slide 7: Slide 7
Slide 8: Portfolio Data
Indeed Tower, Austin, TX 02 Portfolio Data – Stabilized Portfolio Occupancy Overview by Region – Information on Leases Executed – Stabilized Portfolio Capital Expenditures – Stabilized Portfolio Lease Expirations – Top 20 Tenants – Tenant Industry Diversification – 2025 Operating Property Acquisitio
Slide 9: Stabilized Portfolio Lease Expirations
# of Expiring Leases 53 77 75 62 51 60 51 18 11 19 22 % of Total Leased Sq. Ft. 3.3 % 13.9 % 7.9 % 8.6 % 9.0 % 12.3 % 16.9 % 8.2 % 7.3 % 5.1 % 7.5 % Annualized Base Rent ( “ ABR ” ) (4) $22,269 $89,927 $43,722 $72,128 $67,270 $100,064 $148,317 $74,782 $58,533 $47,250 $62,052 % of Total ABR 2.8 % 11.
Slide 10: Tenant Industry Diversification
Other, me Life Science and Health Care, 17% \ Finance, Insurance, _ and Real Estate, 6% oS — Technology, 54% Professional, Business, and Other Services, 9% / Media, 7%
Slide 11: Tenant Industry Diversification Footnotes
________________________ (1) Based on the North American Industry Classification System as of March 31, 2025 . (2) Includes 100% of annualized base rent of consolidated property partnerships. (3) Based on square footage of all in-place leases as of March 31, 2025 , except intercompany leases. Kilroy
Slide 12: Development
03 Development – Stabilized Development & Redevelopment Projects – In-Process Development & Redevelopmen t Projects – Future Development Pipeline
Slide 13: 2100 Kettner, San Diego, CA
2100 Kettner, San Diego, CA Kilroy Realty Q1 2025 Supplemental Report | 27
Slide 14: Debt & Capitalization Data
04 Debt & Capitalization Data – Capital Structure – Debt Maturities – Debt Covenants & Leverage Ratios
Slide 15: Aero, Long Beach, CA
Aero, Long Beach, CA Kilroy Realty Q1 2025 Supplemental Report | 31
Slide 16: Debt Maturities
Total Debt $404,707 $401,317 $449,125 $400,000 $475,000 $500,000 $350,000 $425,000 $450,000 $375,000 — $400,000 Weighted Average Stated Rate 4.37% 4.06% 4.55% 4.75% 4.12% 3.05% 4.27% 2.50% 2.65% 5.90% —% 6.25% % of Total 9% 9% 9% 9% 10% 11% 8% 9% 9% 8% —% 9% ________________________ (1) The maturity
Slide 17: Non-GAAP Supplemental Measures
05 Non-GAAP Supplemental Measures
Slide 18: West8, Seattle, WA
West8, Seattle, WA Kilroy Realty Q1 2025 Supplemental Report | 35
Slide 19: Definitions & Reconciliations
06 Definitions & Reconciliations
Slide 20: Third, San Francisco, CA
201 Third, San Francisco, CA Kilroy Realty Q1 2025 Supplemental Report | 39
Slide 21: KILROY
KILROY