Kilroy Realty (KRC) Operating Expenses (2009 - 2025)
Kilroy Realty (KRC) reported Operating Expenses of $208.9 million for Q4 2025, up 5.32% year-over-year from $198.4 million in Q4 2024, and up 4.98% quarter-over-quarter from $199.0 million in Q3 2025.
Kilroy Realty (KRC) Operating Expenses (2009 - 2025) Analysis & Trends
Kilroy Realty (KRC) has 17 years of Operating Expenses data on file, last reported at $208.9 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $208.9 million, up 5.32% year-over-year; the trailing twelve-month figure through Dec 2025 was $801.7 million (changed 0.19% YoY), and the FY2025 annual result was $801.7 million, changed 0.19% from the prior year.
- Operating Expenses grew to $208.9 million in Q4 2025 per KRC's latest filing, from $199.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $208.9 million in Q4 2025 and troughed at $163.6 million in Q2 2021.
- A 5-year average of $192.4 million and a median of $197.1 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses declined 10.13% in 2021, then rose 20.55% in 2022.
- A 5-year view of Operating Expenses shows it stood at $180.5 million in 2021, then advanced by 12.23% to $202.6 million in 2022, then fell by 3.66% to $195.2 million in 2023, then grew by 1.64% to $198.4 million in 2024, then gained by 5.32% to $208.9 million in 2025.
- Business Quant data shows KRC's Operating Expenses at $208.9 million in Q4 2025, $199.0 million in Q3 2025, and $196.7 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.03 Bn | 9.03 Bn | - | 634.35 Mn |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | 285.09 Mn |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 208.92 Mn |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | 61.46 Mn |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 142.32 Mn |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 410.82 Mn |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | 202.02 Mn |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 160.87 Mn |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | 124.51 Mn |
| 10 | Easterly Government Properties | 1.12 Bn | 1.17 Bn | 71.01 Mn | 71.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 208.92 Mn |
| Sep 30, 2025 | 199.00 Mn |
| Jun 30, 2025 | 196.74 Mn |
| Mar 31, 2025 | 196.99 Mn |
| Dec 31, 2024 | 198.38 Mn |
| Sep 30, 2024 | 205.46 Mn |
| Jun 30, 2024 | 199.38 Mn |
| Mar 31, 2024 | 196.91 Mn |
| Dec 31, 2023 | 195.17 Mn |
| Sep 30, 2023 | 202.04 Mn |
| Jun 30, 2023 | 200.05 Mn |
| Mar 31, 2023 | 203.36 Mn |
| Dec 31, 2022 | 202.58 Mn |
| Sep 30, 2022 | 186.94 Mn |
| Jun 30, 2022 | 197.21 Mn |
| Mar 31, 2022 | 185.57 Mn |
| Dec 31, 2021 | 180.51 Mn |
| Sep 30, 2021 | 163.70 Mn |
| Jun 30, 2021 | 163.59 Mn |
| Mar 31, 2021 | 164.56 Mn |