Kilroy Realty Reports Q1 Loss but Lifts Full-Year FFO Guidance

Kilroy Realty Corporation (KRC) has reported a net loss for the first quarter of 2026, reflecting a challenging start to the fiscal year compared to the same period in 2025. The results highlight a contraction in net income and funds from operations (FFO), though the company remains optimistic about its long-term trajectory. For the quarter ended March 31, 2026, KRC reported a net loss available to common stockholders of $19.3 million, or $0.16 per share. This represents a significant swing from the $39.0 million net income, or $0.33 per share, recorded in the first quarter of 2025. Revenues for the quarter remained nearly flat, coming in at $270.1 million compared to $270.8 million a year prior. Funds from operations (FFO) also saw a decline, falling to $108.8 million, or $0.91 per share, from $122.3 million, or $1.02 per diluted share, in the prior-year quarter. In a move that may offset the quarterly loss for investors, the company raised its Nareit-defined FFO per-share guidance for the full year 2026. The new forecast range is $3.49 to $3.63 per diluted share, an increase from the previous guidance of $3.25 to $3.45.