Professional
Added to YB: 2024-07-03
Pitch date: 2024-06-24
KRC [bullish]
Kilroy Realty Corporation
+41.18%
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
$4.6B
Pitch Price
$27.85
Price Target
59.00 (+50%)
Dividend
5.49%
EV/EBITDA
14.62
P/E
21.42
EV/Sales
8.38
Sector
Office REITs
Category
value
Kilroy Realty Corporation: Most REITs in the US Are Trading at Significant Discounts to Fair Value
KRC: FVE $59. West Coast office REIT facing challenges from remote work, high vacancies. Long-term optimism for tech/life science demand. Quality assets, good mgmt, but no moat. High uncertainty. 82.9% occupancy by 2025, 88.7% by 2033. 1.3% CAGR same-store NOI next decade. New CEO in 2024. Exemplary capital allocation.
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