kilroy realty investor presentation

Kilroy Realty (KRC) Investor Presentation - Slideshow. And by the time the life-science developments are complete, it should be better diversified into more work-from-home resistant office properties. billion to $1.8 billion Historical ROC range between 8% to 10% Acquisitions West Side Media Center, Los Angeles Occupancy increases, development and acquisitions will drive potential upside 37, KILROY REALTY Yahoo fa parte della famiglia di brand di Yahoo. Please. media businesses Collaborative workspaces Proximity to public infrastructure Highly amenitized with retail and restaurants Proximity to workforce 00 First Plaza, San Francisco 250 Brannan Street, San Francisco 45, KILROY REALTY CORPORATION Strong Track Record of Financial Discipline 12 Year Average Occupancy and Leverage of : 93% and 41% 100% 90% 80% 70% 60% 50% 97% 97% 96% 94% 90% 95% 95% 96% 94% 89% 83% 89% 37% 44% 42% 43% 41% 40% 40% 39% 44% 44% 37% 41% 55% 50% 45% 40% The company has posted a presentation in the Investor Section of its website with additional details on the acquisition. The company has earned global recognition for sustainability, building operations, innovation and design. credit profile Continued to improve entitlements/value of future development pipeline Leveraged management team Obtained investment grade ratings Platform In-place for Continued Growth 4, KILROY REALTY Heis also the editor of The Forbes Real Estate Investor., Thomas has also been featured in Barron's, Forbes Magazine, Kiplingers, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox., He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 (based on page views) and has over 108,000 followers (on Seeking Alpha). CORPORATION 2010 Preliminary Results 2010 guidance on the 3Q10 Conference Call FFO per share range of $2.01 to $2.06 Occupancy guidance of 88% 2010 preliminary results FFO per share of $2.04 to $2.05 Occupancy at 89% Second quarter of positive same In addition, the company had one in-process life science redevelopment project with a total estimated redevelopment cost of $25.0 million, totaling approximately 52,000 square feet, and three in-process development projects with an estimated total investment of $1.7 billion, totaling approximately 1.7 million square feet of office and life science space. It's a reasonable assumption given the company's $7.25 billion development backlog and 2.5% average blue-chip consensus for 10-year yields this decade. Now, some companies saw surging cash flows last year but with negative growth expected in 2021. But lease spreads could come down if enough companies decide to scale back their office exposure going forward. Mar. et, Q1 2023 Highwoods Properties Earnings Call 477,000 SF of LOIs Currently Outstanding, KILROY REALTY I have no business relationship with any company whose stock is mentioned in this article. But it's a great stock in a list of other great stocks. The companys third acquisition is the $47 million purchase of the ground lease underlying its 488,000 square foot Key Center project in Bellevue. The best office properties in the country, With 18% cash lease spreads during the worst recession in 75 years, Run by the Warren Buffett of its industry niche. real estate qualities such as strong . 5/16/2023 11:30am With a massive development backlog - that's already largely pre-funded and pre-leased - set to drive some of the best growth in REIT-dom during the coming years, it does look very tempting, to say the least. (0.6 to 3.0 FAR) (1) Going in cap rate of 7.0% with a contractual rent bump scheduled for June 2011 to 8.6%. (310) 481-8581, Internet Explorer presents a security risk. That's why Kilroy's cash flow increased in 2020, including a 20% spike in adjusted funds from operations (AFFO). Entering text into the input field will update the search result below, To report a factual error in this article. GSA through 2020 Located within Liberty Station, which includes 125 acres of parks and open spaces Adjacent to San Diego International Airport Liberty Station San Diego 14, KILROY REALTY or The firm engages in investment, development, and management of properties. I am not receiving compensation for it (other than from Seeking Alpha). KILROY REALTY Bank of America Real Estate Conference September 2022 333 Dexter / Seattle, WA. CORPORATION KRCs Competitive Advantage with Acquisitions Community Space at 100 First Plaza, San Francisco 2211 Michelson, Irvine KRCs Competitive Advantage Extensive knowledge of markets Vertically integrated platform with broad skill As pioneers and innovators in the creation of a more sustainable real estate industry, the companys approach to modern business environments helps drive creativity and productivity for some of the worlds leading technology, entertainment, life science and business services companies. For the second year in a row, the company has been named to Bloombergs Gender Equality Indexrecognizing companies committed to supporting gender equality through policy development, representation, and transparency. Investor Presentation REPLAY: 2023 Annual Shareholder Meeting 5/16/2023 11:30am et Q1 2023 Highwoods Properties Earnings Call 4/26/2023 11:00am et 2023 Proxy Statement 2022 Annual Report Transfer Agent EQ Shareowner Services 1110 Centre Point Curve Suite 101 MAC N9173-010 Mendota Heights, MN 55120 (800) 468-9716 Investor Relations Contact To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Equip yourself with a dashboard featuring your saved searches and properties. Morningstar does a good job of summarizing the fundamental risk profile for Kilroy, including its overexposure: " to a sector of the economy that has proved prone to boom and bust periods throughout the economic cycle "Kilroy's plans are to focus 75% of its business on tech and life sciences. If it grows as analysts expect through 2026 and returns to historical fair value, then analysts expect 83% total returns and 11% CAGR. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://investors.kilroyrealty.com/investors/shareholders/investor-events/default.aspx. It can be found by using the following link: https://investors.kilroyrealty . Entering text into the input field will update the search result below, To report a factual error in this article. Accordingly, actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Is this happening to you frequently? The company plans to develop up to 275,000 square feet of office space on the full city block site that is within walking distance to San Diego Bay and will include panoramic water views. That's proportional to its current market cap, which is one of the largest in all of REIT-dom. I have no business relationship with any company whose stock is mentioned in this article. Angeles 23% The Bay Area and Seattle now make up approximately 12% of NOI on a pro forma basis (1) Real estate investments defined as undepreciated gross book assets. In which case, you'd be wrong. As you can see (below), our 'sweet 16' REIT portfolio has an average dividend yield of 4.7% and an average total return target of 18% (over 12 months). 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. CORPORATION ($ in millions) Capital Recycling Since IPO $38$131 $174 $202 $133 $62 $85 $23 $94$297 $58-$23-$114-$70 -$48 -$36 -$35-$71 -$62 -$94 -$5 -$16 -$200 -$100 $0$100 $200$300$4001997 1998 1999 20002001 2002 2003 2004 2005 2006 2007 20082009 100% leased to Microsoft through December 2014 Microsoft recently funded 60% of a $30M freeway overpass to connect the Main campus and the West Campus (Overlake Office Center) Overlake Office Center -Seattle $192 million ($410 PSF) 466,000 square because of subsequent events, new information or otherwise. SF Santa Fe II and III 56 Corridor 21.8600,000 SG Lot 2 Sorrento Mesa 6.380,000 SG Lot 7 Sorrento Mesa 7.6 57,000 Orange County (Office/MOB) Orange County 6.0 100,000-500,000 TOTAL PIPELINE 122.7 2.1M - 4.5M SF Proposed One Paseo Mixed Use Project Yes from share price growth perspective, it makes lots of sense! Google, HP, salesforce.com and Symantec 46, KILROY REALTY Salesforce - 60,000 SF Vontu - 53,000 SF Autodesk - 50,000 SF Salesforce.com - 47,867 SF Yelp - 49,000 SF Loopnet - 46,157 SF Wager Works - 45,000 SF Symantec - 45,000 SF Stubhub - 45,000 SF Microsoft/Razorfish - 42,659 SF Aliph - 40,000 SF Google 984,795 SF 2008 Total - 1,099,602 SF 2009 Total - 229,440 SF 2010 Total - 1,317,964 SF THE CAC GROUP COMMERCIAL REAL ESTATE 44, KILROY REALTY BDN is similar in many ways but has focused on texas rather than the west coast for its development plans. (Sources: Yahoo Finance/Reuters'/Refinitiv). Technology and Media 29% Wholesale and Retail Trade 4% Other 3% (1) As of December31, 2010. KRC is Well Positioned for Future Growth 53. First off, Sujan has a tremendous mind for designing, user experience and client workflows. (SL) - 210,000 Nokia - 39,706 SF Trulia - 32,000 SF Microsoft - 92,000 SF Omniture - 34,419 SF Snapfish - 30,328 SF Verizon - 75,000 SF Slide - 35,373 SF Craigslist - 30,000 SF Sega - 69,859 SF MySpace - 34,595 SF Pure Digital - 30,000 SF Level 3 By "list," I mean an actual, quantified, qualified collection of real estate investment trusts (REITs) I published the other day. (310) 481-8484 Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. 138.29K Followers. Rahad Mehedi Attended Sreemangal Govt.College Sreemangal Upazila, Sylhet, Bangladesh. 2021 Harmonic Average Fair Value (which smooths out outliers): $86. 27, 2021 7:00 AM ET Kilroy Realty Corporation (KRC) 26 Comments Brad Thomas Investing Group Leader Follow Summary Kilroy Realty is one of the many recommendations we've made to profit. That means analysts expect it to grow at approximately the same rate as it has in the last 10 years. Please disable your ad-blocker and refresh. The CARR STORY. CORPORATION Transbay Project will Enhance Value of KRCs 303 Second Street and 100 First Plaza 100 First Street $1.7 billion public-sector financed multi-modal transit infrastructure project Reinforces the migration of the epicenter of the CBD A big part of the companys foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. CORPORATION NORTH FINANCIAL DISTRICT SOUTH FINANCIAL DISTRICT TRANSBAY TRANSIT CENTER AND URBAN PARK LEGEND OFFICE DEVELOPMENT SITE RESIDENTIAL DEVELOPMENT SITE TRANSBAY REDEVELOPMENT PROJECT AREA Transbay map 48, KILROY REALTY 2010 Development Starts Dispositions Total Development Starts: $1.3 billion Total Dispositions:$0.6 billion Net Development Funding: $0.7 billion Dispositions averaged ~ $50M per year Remain focused on executing capital recycling plan 18, KILROY REALTY If Kilroy grows as expected through 2023 and returns to historical fair value, then analysts predict 51% total returns and 16.1% CAGR returns. The total cost to complete it was $680 million, or $905 per square foot. That is a concentrated property portfolio. KILROY REALTY CORPORATION Technology Companies Have Arrived in SF in a Big Way 2010 is the Biggest Year Zynga - 270,000 SF Salesforce - 227,000 SF Google - 195,684 SF Google - 63,000 SF Fox Interactive . Thus far, occupancy has not been impacted. After which, we're looking at a probable 6%-7% growth in line with cash flow expansion. relationships Renew leases early Credit support to mitigate tenant default risks Extensive network and long term relationships with the broker community Kilroy Airport Center, Long Beach KRC has over 60 years of experience as a successful operator What we like about its development plan is that it's 40% focused on life sciences. 27,310 SF Adaptive Path - 18,865 SF BEA Plumtree - 11,207 SF Dolby - 32,289 SF Coverty Inc. - 26,553 SF Aliph - 18,800 SF Riverbed Technology - 63,000 SF Bebo - 31,311 SF AKQA - 22,000 SF Twitter - 64,000 SF LeadClick - 16,500 SF Esurance - 49,612 To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Property That will be a three-building campus with almost 1 million square feet of space. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control.

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