LOS ANGELES–(COMMERCIAL THREAD) – Kilroy Realty Corporation (NYSE: KRC) announced that it will release second quarter 2021 financial results after market close on Wednesday, July 28, 2021. The company will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Thursday, July 29, 2021.
To participate in the call by phone, please dial (866) 312-7299 five to 10 minutes before the start time to allow time to register. International callers should dial (412) 317-1070. In order to avoid talking to the operator on the day of the call, please register at any time at https://dpregister.com/sreg/10148267/d9ab1c289e.
This call will be webcast live and can be viewed in the Investor Relations section of the Kilroy Realty website at https://investors.kilroyrealty.com/shareholders/investor-events/default.aspx.
A replay will also be available from July 29, 2021 to August 5, 2021, by dialing (877) 344-7529 and entering the access code 10148267. International callers should dial (412) 317-0088 and enter the same code access.
About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the “Company”, “KRC”) is a leading US owner and developer, with operations in San Diego, Greater Los Angeles, in the San Francisco Bay Area, in the Pacific Northwest and Austin, Texas. The company has gained worldwide recognition for sustainability, construction operations, innovation and design. As pioneers and innovators in creating a more sustainable real estate industry, the company’s approach to modern business environments helps boost creativity, productivity and employee retention for some of the world’s largest companies. technology, entertainment, life sciences and business services.
KRC is a publicly traded real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index with over seven decades of experience in the development, acquisition and management of office, science and technology projects. life and mixed use.
KRC’s stabilized portfolio totals approximately 14.0 million square feet of primarily office and life sciences space. The company also owns 1,000 residential units currently in Hollywood and San Diego. Additionally, as of March 31, 2021, KRC had five development projects underway with a total estimated investment of $ 1.5 billion, for a total of approximately 1.8 million square feet of office and science space. of life. 88% of office and life sciences space was let.
A leader in sustainable development and commitment to corporate social responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 67% LEED certified, 41% Fitwel certified, the highest of any non-governmental organization, and 71% of eligible properties were ENERGY STAR certified as of March 31, 2021.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the listed leader in sustainability in the Americas for six of the past seven years. Other accolades include the National Association of Real Estate Investment Trust (NAREIT) Leader in the Light Award for six consecutive years and the ENERGY STAR Partner of the Year for eight years, as well as the highest ENERGY STAR award for six consecutive years. ‘sustained excellence over the past six years. .
A large part of the company’s foundation is its commitment to improving employee growth, satisfaction and well-being while maintaining a diverse and thriving culture. For the second year in a row, the company has been named in the Bloomberg Gender Equality Index, which recognizes companies committed to supporting gender equality through policy development, representation and transparency.
More information is available at http://www.kilroyrealty.com.
Forward-looking statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are beyond our control. Therefore, actual performance, results and events may differ materially from those indicated or implied in forward-looking statements, and you should not rely on forward-looking statements as predictions of performance, results or events. future. Many factors could cause actual performance, results and future events to differ materially from those indicated in forward-looking statements, including, but not limited to: global market and general economic conditions and their effect on our liquidity and our financial conditions and those of our tenants; unfavorable economic or real estate conditions in general, and more particularly in the states of California and Washington; risks associated with our investment in real estate assets, which are illiquid, and trends in the real estate industry; default or non-renewal of leases by tenants; any significant slowdown in tenant activities; our ability to re-let properties at current market rates or above; the costs of complying with government regulations, including environmental remediation; availability of liquidity for the distribution and service of debt and exposure to the risk of default on debt obligations; increases in interest rates and our ability to manage interest rate risk; the availability of financing on attractive terms or not at all, which may have a negative impact on our future interest charges and our ability to pursue development, redevelopment and acquisition opportunities and to refinance existing debt; a decline in real estate asset valuations, which may limit our ability to sell assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which can decrease the occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to complete acquisitions and divestitures on the terms announced; the ability to successfully operate the properties acquired, developed and redeveloped; the ability to complete development and redevelopment projects on time and within budgeted amounts; delays or denials in obtaining all required zoning, land use and other rights, permits and government approvals for our development and redevelopment properties; increases in planned capital expenditures, leasehold improvements and / or rental costs; defaults on land leases on which some of our properties are located; adverse changes, promulgation or implementation of tax laws or other applicable laws, regulations or legislation, as well as the reactions of businesses and consumers to such changes; the risks associated with investing in joint ventures, including our lack of exclusive decision-making authority, our reliance on the financial condition of the venturers and disputes between us and our venturers; environmental uncertainties and risks associated with natural disasters; our ability to maintain our REIT status; and uncertainties about the impact of the COVID-19 pandemic, and the restrictions to prevent its spread, on our business and the economy in general. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could have a material adverse effect on our business and financial performance, see the factors included under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31. 2020 and our other documents filed with the Securities and Exchange Commission. All forward-looking statements are based on information currently available and speak only as of the dates on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes false due to subsequent events, new information or otherwise, except to the extent that we are required to do so in connection with our requirements under federal securities laws.