Kilroy Realty Corp.
KRC
$27.72
-2.19%
Kilroy Realty Corp. is a real estate investment trust (REIT) that owns, develops, and manages a premier portfolio of approximately 16.3 million square feet of office and life science properties, primarily located in high-growth coastal markets like Los Angeles, San Diego, the San Francisco Bay Area, Seattle, and Austin. The company is a recognized leader in developing sustainable, amenity-rich office campuses that cater to technology and life science tenants, positioning it as a high-quality operator within the challenged office REIT sector. The current investor narrative is dominated by the severe structural headwinds facing the office sector, including elevated vacancy rates and uncertain demand due to hybrid work trends, which is reflected in the stock's significant underperformance and ongoing debate about the sustainability of its dividend and portfolio valuation.…
KRC
Kilroy Realty Corp.
$27.72
KRC 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Kilroy Realty Corp.'s 12-month outlook, with a consensus price target around $36.04 and implied upside of +30.0% versus the current price.
Average Target
$36.04
3 analysts
Implied Upside
+30.0%
vs. current price
Analyst Count
3
covering this stock
Price Range
$22 - $36
Analyst target range
Analyst coverage for Kilroy Realty is limited, with only 3 analysts providing estimates, which suggests it may have reduced institutional interest compared to larger peers, potentially leading to higher volatility and less efficient price discovery. The provided data includes revenue and EPS estimates but lacks a consensus price target, buy/hold/sell ratings, or a target price range; the average revenue estimate for the coming period is $1.28 billion, with a range from $1.23 billion to $1.31 billion, while the average EPS estimate is $0.99, ranging from $0.95 to $1.02. Without explicit price targets, the implied upside or downside cannot be calculated, but the tight range in EPS estimates suggests analysts have relatively aligned expectations for near-term fundamentals, even as the wide dispersion in the stock's recent trading range reflects high market uncertainty regarding appropriate valuation multiples for office assets.
KRC Technical Analysis
The stock is in a pronounced and sustained downtrend, with a 1-year price change of -14.56% and a more severe 6-month decline of -32.98%. As of the latest close of $28.45, the price is trading near the bottom of its 52-week range, approximately 8% above the 52-week low of $27.07 and 37% below the 52-week high of $45.03; this positioning near multi-year lows suggests the market is pricing in deep fundamental distress rather than presenting a clear value opportunity. Recent momentum remains decisively negative, with the stock down 25.17% over the past three months and 5.17% over the past month, indicating the downtrend is persistent and accelerating relative to the broader market, as evidenced by a 3-month relative strength of -21.17% against the SPY. Key technical support is firmly established at the 52-week low of $27.07, while overhead resistance is at the recent highs near $45.03; a sustained breakdown below $27 could trigger another leg down, while any recovery would face significant resistance. The stock's beta of 1.101 indicates it is approximately 10% more volatile than the market, which, combined with a short ratio of 6.68, points to elevated speculative pressure and risk.
Beta
1.10
1.10x market volatility
Max Drawdown
-37.6%
Largest decline past year
52-Week Range
$27-$45
Price range past year
Annual Return
-10.3%
Cumulative gain past year
| Period | KRC Return | S&P 500 |
|---|---|---|
| 1m | -4.5% | +0.4% |
| 3m | -30.4% | -2.0% |
| 6m | -29.9% | +4.1% |
| 1y | -10.3% | +23.9% |
| ytd | -27.1% | -0.3% |
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KRC Fundamental Analysis
Revenue and growth trajectory analysis is constrained as specific quarterly revenue figures and trends are not available in the provided data; however, analyst estimates suggest expected annual revenue of approximately $1.28 billion, though the underlying trend is likely pressured by sector-wide occupancy challenges. The company remains profitable on a net income basis with a trailing net margin of 24.81%, but profitability is thin with a trailing EPS of just $0.062; the forward P/E of 51.73, based on an estimated EPS of $0.99, implies the market expects significant earnings recovery, yet the high payout ratio of 93.4% signals nearly all earnings are being distributed as dividends, leaving little retained for growth. Balance sheet health appears mixed, with a strong current ratio of 4.24 indicating ample short-term liquidity, but a debt-to-equity ratio of 0.89 suggests a moderate leverage level typical for REITs; key profitability metrics like ROA of 1.78% and ROE of 5.09% are low, reflecting the asset-heavy, low-return environment of the current office sector.
Quarterly Revenue
N/A
N/A
Revenue YoY Growth
N/A
YoY Comparison
Gross Margin
N/A
Latest Quarter
Free Cash Flow
N/A
Last 12 Months
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Valuation Analysis: Is KRC Overvalued?
Given the company's positive net income, the primary valuation metric selected is the Price-to-Earnings (P/E) ratio. The trailing P/E is 16.11x, while the forward P/E is significantly higher at 51.73x; this substantial gap indicates the market is pricing in a severe near-term earnings contraction with expectations for a robust recovery thereafter, as implied by the forward EPS estimate of $0.99. Compared to sector averages, the stock's Price-to-Sales ratio of 4.00x and EV/EBITDA of 11.27x are not directly benchmarked here due to missing industry comp data, but the low Price-to-Book ratio of 0.82x suggests the market values the company's equity below its accounting net asset value, a common discount for office REITs facing valuation uncertainty. Historical context is limited without historical ratio data, but the current P/B ratio below 1.0 typically indicates the stock is trading at a deep discount to its own historical net asset value, reflecting pervasive pessimism about future portfolio appraisals and cash flow sustainability in the sector.
PE
16.1x
Latest Quarter
vs. Historical
N/A
5-Year PE Range 17x~59x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
11.3x
Enterprise Value Multiple