Kilroy Realty Q2 FFO Rises

(RTTNews) - Kilroy Realty Corp. (KRC) reported that its funds from operations for the second quarter of 2019 rose to $99.9 million, or $0.95 per share from $88.6 million, or $0.86 per share, in the year-earlier quarter, which included a net $0.05 per share charge for bad debts.

Quarterly net income available to common stockholders of $42.2 million, or $0.41 per share compared to $27.5 million, or $0.27 per share, in the second quarter of 2018.

Revenues grew to $200.49 million from $187.07 million in the prior year

The company has updated its guidance range of funds from operations per share for its fiscal year 2019 to $3.67 to $3.78 per share, with a midpoint of $3.73 per share, reflecting management's views on current and future market conditions, including assumptions with respect to rental rates, occupancy levels, and the earnings impact of events.