Kilroy Realty Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 30, 2013 at 05:02 pm EST
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Kilroy Realty Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total revenues of $111,111,000 against $94,226,000 a year ago. Income from continuing operations was $3,911,000 against loss from continuing operations of $16,000 a year ago. Net income attributable to Kilroy Realty Corporation was $189,152,000 against $43,706,000 a year ago. Net income available to common stockholders diluted per share was $2.45 against $0.68 a year ago. Funds from operations was $49,816,000 against $40,525,000 a year ago. Funds from operations diluted per common share was $0.63 against $0.66 a year ago. Net income available to common stockholders was $185,839,000 against $39,907,000 a year ago.
For the year, the company reported total revenues of $404,912,000 against $337,629,000 a year ago. Income from continuing operations was $5,447,000 against loss from continuing operations of $3,728,000 a year ago. Net income attributable to Kilroy Realty Corporation was $270,914,000 against $66,015,000 a year ago. Net income available to common stockholders diluted per share was $3.56 against $0.87 a year ago. Funds from operations was $165,455,000 against $136,173,000 a year ago. Funds from operations diluted per common share was $2.25 against $2.29 a year ago. Net income available to common stockholders was $249,826,000 against $50,819,000 a year ago.
Kilroy Realty Corporation is a self-administered real estate investment trust active in office, life science and mixed-use property types in the United States. The Company owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in Los Angeles, San Diego, the San Francisco Bay Area, Seattle and Austin. Its stabilized portfolio includes all of its properties with the exception of development properties committed for construction, under construction, or in the tenant improvement phase, redevelopment properties under construction, undeveloped land and real estate assets held for sale. It added two development projects to its stabilized portfolio consisting of two buildings totaling 829,591 square feet of office space in San Diego, California and Austin, Texas. Its stabilized portfolio of operating properties comprises 121 stabilized office properties. It owns its interests in all of its real estate assets through Kilroy Realty, L.P.