Kilroy Realty: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 02:15 AM ET
Last Updated - Aug 01, 2024, 02:15 AM EDT
LOS ANGELES (AP) — LOS ANGELES (AP) — Kilroy Realty Corp. (KRC) on Wednesday reported a key measure of profitability in its second quarter. The results exceeded Wall Street expectations.
The Los Angeles-based real estate investment trust said it had funds from operations of $132.6 million, or $1.10 per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of $1.08 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
