Kilroy Realty Corp (NYSE: KRC)

Kilroy Realty Corporation is a self administered real estate investment trust active in premier office life science and mixed use property types in the United States. The company owns develops acquires and manages real estate assets consisting primarily of premier office and life science properties in the San Francisco Bay Area Los Angeles Seattle San Diego and Austin. It qualifies as a REIT under the Internal Revenue Code and conducts substantially all of its operations through its operating partnership.

The company generates revenue primarily from rental income and other property income derived from leasing its office life science and mixed use assets. It also earns income from development and redevelopment activities when properties are completed and leased.

The company operates through the following segments:

• Its single reportable segment includes the ownership development acquisition and management of premier office life science and mixed use properties across its core markets.

Kilroy Realty Corporation holds a competitive position in the office and life science sectors due to its focus on high barrier to entry markets such as the San Francisco Bay Area Los Angeles Seattle San Diego and Austin. The company is recognized for its sustainability leadership earning GRESB 5 Star designation and multiple ENERGY STAR certifications. It competes with other developers owners operators and acquirers of similar properties in the same submarkets.

The company serves technology life science healthcare media and business services companies with technology firms representing about half of its office rental income. Its tenant base includes software social media hardware cloud computing internet media and life science and healthcare organizations.