Professional
Added to YB: 2025-01-21
Pitch date: 2024-12-31
KRC [bullish]
Kilroy Realty Corporation
-13.58%
current return
Author Info
No bio for this author
Company Info
Kilroy Realty Corporation is a leading U.S. landlord and developer, with operations in the San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin.
Market Cap
$3.8B
Pitch Price
$37.59
Price Target
N/A
Dividend
6.79%
EV/EBITDA
13.25
P/E
13.71
EV/Sales
7.66
Sector
Office REITs
Category
turnaround
Baron Real Estate Fund New Position: Kilroy Realty Corporation
KRC: High-quality West Coast office REIT, signs of bottoming market. AI industry growth potential, 50% in Bay Area. New CEO focuses on capital recycling. Improving prospects for Kilroy Oyster Point project. Inexpensive vs. private market value, replacement cost, and peers. Encouraging leasing activity, stable rents, and declining sublease space.
Read full article (2 min)