KILROY REALTY CORP

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 11, 2026

KRC$35.89-2.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Schedule III – Real Estate and Accumulated Depreciation

KILROY REALTY CORPORATION AND KILROY REALTY, L.P

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

Initial Cost · Gross Amounts at WhichCarried at Close of Period
Property Location	Encumb-rances	Land and Improve-ments	BuildingsandImprove-ments	CostsCapitalizedSubsequent toAcquisition/Improvement	Land and Improve-ments	BuildingsandImprove-ments	Total	AccumulatedDepreciation	Depreci-ationLife (1)	Date ofAcquisition(A)/Construction(C) (2)	RentableSquareFeet (3)(unaudited)
($ in thousands)
Commercial Real Estate Properties:
335 - 345 N. Maple Dr., Beverly Hills, CA (4)	$28,986	$154,148	$305	$28,986	$154,453	$183,439	$2,356	35	2025	A	306,366
3101 - 3243 S. La Cienega Blvd., Culver City, CA	150,718	31,033	8,524	150,718	39,557	190,275	29,276	35	2019	A	166,207
2240 E. Imperial Highway, El Segundo, CA	1,044	11,763	30,740	1,048	42,499	43,547	33,616	35	1983	C	122,870
2250 E. Imperial Highway, El Segundo, CA	2,579	29,062	38,157	2,547	67,251	69,798	63,889	35	1983	C	298,728
2260 E. Imperial Highway, El Segundo, CA	2,518	28,370	38,003	2,547	66,344	68,891	29,746	35	2012	C	298,728
909 N. Pacific Coast Highway, El Segundo, CA	3,577	34,042	60,611	3,565	94,665	98,230	61,673	35	2005	C	244,880
999 N. Pacific Coast Highway, El Segundo, CA	1,407	34,326	19,308	1,407	53,634	55,041	37,781	35	2003	C	138,389
3750 Kilroy Airport Way, Long Beach, CA	—	1,941	13,718	—	15,659	15,659	13,660	35	1989	C	10,718
3760 Kilroy Airport Way, Long Beach, CA	—	17,467	24,161	—	41,628	41,628	35,657	35	1989	C	166,761
3780 Kilroy Airport Way, Long Beach, CA	—	22,319	41,190	—	63,509	63,509	53,312	35	1989	C	221,452
3800 Kilroy Airport Way, Long Beach, CA	—	19,408	25,856	—	45,264	45,264	35,231	35	2000	C	192,476
3840 Kilroy Airport Way, Long Beach, CA	—	13,586	33,409	—	46,995	46,995	25,243	35	1999	C	138,441
3880 Kilroy Airport Way, Long Beach, CA	—	9,704	18,398	—	28,102	28,102	8,721	35	2013	C	96,922
3900 Kilroy Airport Way, Long Beach, CA	—	12,615	23,741	—	36,356	36,356	24,566	35	1997	A	130,935
1350 Ivar Ave., Los Angeles, CA (5)	1,575	—	14,276	1,575	14,276	15,851	2,104	35	2020	C	16,448
1355 Vine St., Los Angeles, CA (5)	17,588	—	120,294	17,588	120,294	137,882	18,232	35	2020	C	183,129
1375 Vine St., Los Angeles, CA (5)	15,578	—	103,368	15,578	103,368	118,946	15,626	35	2020	C	159,236
1395 Vine St., Los Angeles, CA (5)	278	—	3,261	278	3,261	3,539	481	35	2020	C	2,575
1500 N. El Centro Ave., Los Angeles, CA (6)	9,235	21	64,156	9,235	64,177	73,412	21,890	35	2016	C	113,447
1525 N. Gower St., Los Angeles, CA (6)	1,318	3	9,774	1,318	9,777	11,095	3,374	35	2016	C	9,610
1575 N. Gower St., Los Angeles, CA (6)	22,153	51	120,294	22,153	120,345	142,498	33,933	35	2016	C	264,430
6115 W. Sunset Blvd., Los Angeles, CA (6)	1,313	3	17,259	2,455	16,120	18,575	6,235	35	2015	C	26,238
6121 W. Sunset Blvd., Los Angeles, CA (6)	11,120	4,256	42,373	8,703	49,046	57,749	14,678	35	2015	C	93,418
8560 W. Sunset Blvd., West Hollywood, CA	9,720	50,956	8,435	9,720	59,391	69,111	19,995	35	2016	A	76,359
8570 W. Sunset Blvd., West Hollywood, CA	31,693	27,974	7,277	31,693	35,251	66,944	12,137	35	2016	A	49,276
8580 W. Sunset Blvd., West Hollywood, CA	10,013	3,695	1,844	10,013	5,539	15,552	2,047	35	2016	A	6,875
8590 W. Sunset Blvd., West Hollywood, CA	39,954	27,884	6,157	39,954	34,041	73,995	11,092	35	2016	A	56,750
12100 W. Olympic Blvd., Los Angeles, CA	352	45,611	30,156	9,633	66,486	76,119	41,670	35	2003	C	155,679
12200 W. Olympic Blvd., Los Angeles, CA	4,329	35,488	32,085	3,977	67,925	71,902	52,690	35	2000	C	154,544
12233 W. Olympic Blvd., Los Angeles, CA	22,100	53,170	7,147	22,100	60,317	82,417	25,998	35	2012	A	156,746
12312 W. Olympic Blvd., Los Angeles, CA	3,325	12,202	12,741	3,399	24,869	28,268	21,516	35	1997	A	78,900
2100/2110 Colorado Ave., Santa Monica, CA	5,474	26,087	21,796	5,476	47,881	53,357	35,412	35	1997	A	104,853
12225 El Camino Real, San Diego, CA	1,700	9,633	4,890	1,673	14,550	16,223	11,750	35	1998	A	58,401
12235 El Camino Real, San Diego, CA	1,507	8,543	10,461	1,540	18,971	20,511	15,572	35	1998	A	53,751

F - 55

Initial Cost · Gross Amounts at WhichCarried at Close of Period
Property Location · Encumb-rances · Land and Improve-ments · BuildingsandImprove-ments · CostsCapitalizedSubsequent toAcquisition/Improvement · Land and Improve-ments · BuildingsandImprove-ments · Total · AccumulatedDepreciation · Depreci-ationLife (1) · Date ofAcquisition(A)/Construction(C) (2) · RentableSquareFeet (3)(unaudited)
($ in thousands)
12340 El Camino Real, San Diego, CA			4,201	—	40,640	4,201	40,640	44,841	6,474	35	2022	C	110,950
12390 El Camino Real, San Diego, CA			3,453	11,981	12,910	3,453	24,891	28,344	16,959	35	2000	C	73,238
12770 El Camino Real, San Diego, CA			9,360	—	37,329	9,360	37,329	46,689	10,747	35	2016	C	75,035
12780 El Camino Real, San Diego, CA			18,398	54,954	24,329	18,398	79,283	97,681	35,624	35	2013	A	140,591
12790 El Camino Real, San Diego, CA			10,252	21,236	17,163	10,252	38,399	48,651	16,560	35	2013	A	87,944
12830 El Camino Real, San Diego, CA	$375,000	(7)	28,645	—	113,232	28,645	113,232	141,877	20,696	35	2021	C	196,444
12860 El Camino Real, San Diego, CA		(7)	11,326	—	53,257	11,326	53,257	64,583	9,658	35	2021	C	92,042
12348 High Bluff Dr., San Diego, CA			1,629	3,096	10,270	1,629	13,366	14,995	10,115	35	1999	C	39,192
12400 High Bluff Dr., San Diego, CA			15,167	—	50,063	15,167	50,063	65,230	14,629	35	2022	C	216,518
12707 High Bluff Dr., San Diego, CA			3,013	8,032	1,400	3,013	9,432	12,445	775	35	2024	A	59,245
12777 High Bluff Dr., San Diego, CA			3,013	6,134	782	3,013	6,916	9,929	573	35	2024	A	44,486
3579 Valley Centre Dr., San Diego, CA			2,167	6,897	11,977	2,858	18,183	21,041	13,286	35	1999	C	54,960
3611 Valley Centre Dr., San Diego, CA			4,184	19,352	29,823	5,259	48,100	53,359	37,365	35	2000	C	132,425
3661 Valley Centre Dr., San Diego, CA			4,038	21,144	21,366	4,725	41,823	46,548	33,190	35	2001	C	124,756
3721 Valley Centre Dr., San Diego, CA			4,297	18,967	19,934	4,254	38,944	43,198	25,998	35	2003	C	117,777
3811 Valley Centre Dr., San Diego, CA			3,452	16,152	22,042	4,457	37,189	41,646	29,027	35	2000	C	118,912
3745 Paseo Place, San Diego, CA (Retail)		(7)	24,358	—	76,879	24,358	76,879	101,237	16,296	35	2019	C	95,871
2100 Kettner Blvd., San Diego, CA			19,861	—	113,891	19,861	113,891	133,752	10,557	35	2022	C	212,915
2305 Historic Decatur Rd., San Diego, CA			5,240	22,220	12,114	5,240	34,334	39,574	19,661	35	2010	A	107,456
3530 John Hopkins Ct., San Diego, CA (8)			4,225	31,258	332	4,262	31,553	35,815	190	35	2025	A	45,589
3535 General Atomics Ct., San Diego, CA (8)			7,433	43,774	465	7,499	44,173	51,672	193	35	2025	A	80,543
3550 John Hopkins Ct., San Diego, CA (8)			5,598	33,443	347	5,647	33,741	39,388	112	35	2025	A	62,739
3565 General Atomics Ct., San Diego, CA (8)			4,057	24,355	253	4,093	24,572	28,665	84	35	2025	A	43,295
4690 Executive Dr., San Diego, CA (9)			1,623	19,686	1,368	1,624	21,053	22,677	1,447	35	2025	C	52,074
9455 Towne Centre Dr., San Diego, CA			6,081	—	79,595	6,081	79,595	85,676	12,233	35	2021	C	160,444
9514 Towne Centre Dr., San Diego, CA			4,928	—	47,756	4,928	47,756	52,684	3,451	35	2023	C	70,616
4100 Bohannon Dr., Menlo Park, CA			4,835	15,526	1,525	4,860	17,026	21,886	7,743	35	2012	A	47,643
4200 Bohannon Dr., Menlo Park, CA			4,798	15,406	8,414	4,662	23,956	28,618	11,723	35	2012	A	43,600
4300 Bohannon Dr., Menlo Park, CA			6,527	20,958	8,047	6,470	29,062	35,532	14,265	35	2012	A	63,430
4400 Bohannon Dr., Menlo Park, CA (10)			4,939	43,213	3,115	4,939	46,328	51,267	2,589	35	2025	C	48,414
4500 Bohannon Dr., Menlo Park, CA			6,527	20,957	6,035	6,470	27,049	33,519	12,920	35	2012	A	63,429
4600 Bohannon Dr., Menlo Park, CA			4,798	15,406	5,424	4,939	20,689	25,628	10,692	35	2012	A	48,413
4700 Bohannon Dr., Menlo Park, CA			6,527	20,958	1,576	6,470	22,591	29,061	10,384	35	2012	A	63,429
1290 - 1300 Terra Bella Ave., Mountain View, CA			28,730	27,555	13,522	28,730	41,077	69,807	13,628	35	2016	A	114,175
680 E. Middlefield Rd., Mountain View, CA			34,755	—	56,759	34,755	56,759	91,514	21,383	35	2014	C	171,676

F - 56

Initial Cost · Gross Amounts at WhichCarried at Close of Period
Property Location · Encumb-rances · Land and Improve-ments · BuildingsandImprove-ments · CostsCapitalizedSubsequent toAcquisition/Improvement · Land and Improve-ments · BuildingsandImprove-ments · Total · AccumulatedDepreciation · Depreci-ationLife (1) · Date ofAcquisition(A)/Construction(C) (2) · RentableSquareFeet (3)(unaudited)
($ in thousands)
690 E. Middlefield Rd., Mountain View, CA			34,605		—		56,515		34,605		56,515		91,120		21,291		35		2014	C	171,215
1701 Page Mill Rd., Palo Alto, CA			—		99,522		117		—		99,639		99,639		27,030		35		2016	A	128,688
3150 Porter Dr., Palo Alto, CA			—		21,715		6,446		—		28,161		28,161		8,888		35		2016	A	36,886
900 Jefferson Ave., Redwood City, CA (11)			16,668		—		109,784		18,063		108,389		126,452		38,994		35		2015	C	228,226
900 Middlefield Rd., Redwood City, CA (11)			7,959		—		64,979		8,626		64,312		72,938		19,269		35		2015	C	119,616
100 First St., San Francisco, CA (12)			49,150		131,238		86,415		49,150		217,653		266,803		125,428		35		2010	A	480,457
100 Hooper St., San Francisco, CA	148,815		(13)	78,564		—		197,034		85,510		190,088		275,598		41,819		35		2018	C	417,914
201 Third St., San Francisco, CA			19,260		84,018		85,856		19,260		169,874		189,134		109,440		35		2011	A	355,960
360 Third St., San Francisco, CA			—		88,235		128,912		28,504		188,643		217,147		87,745		35		2011	A	436,357
250 Brannan St., San Francisco, CA			7,630		22,770		10,797		7,630		33,567		41,197		17,628		35		2011	A	100,850
301 Brannan St., San Francisco, CA			5,910		22,450		17,817		5,910		40,267		46,177		19,487		35		2011	A	82,834
333 Brannan St., San Francisco, CA			18,645		—		80,685		18,645		80,685		99,330		23,730		35		2016	C	185,602
345 Brannan St., San Francisco, CA			29,405		113,179		1,358		29,403		114,539		143,942		23,665		35		2018	A	110,050
303 Second St., San Francisco, CA (14)			63,550		154,153		123,735		63,550		277,888		341,438		159,024		35		2010	A	784,658
350 Mission St., San Francisco, CA			52,815		—		212,906		52,815		212,906		265,721		64,520		35		2016	C	455,340
345 Oyster Point Blvd., South San Francisco, CA			13,745		18,575		1		13,745		18,576		32,321		4,504		35		2018	A	40,410
347 Oyster Point Blvd., South San Francisco, CA			14,071		18,289		44		14,071		18,333		32,404		4,455		35		2018	A	39,780
349 Oyster Point Blvd., South San Francisco, CA			23,112		22,601		352		23,112		22,953		46,065		6,824		35		2018	A	65,340
350 Oyster Point Blvd., South San Francisco, CA			23,719		—		177,047		23,719		177,047		200,766		22,614		35		2021	C	234,892
352 Oyster Point Blvd., South San Francisco, CA			23,449		—		165,524		23,449		165,524		188,973		23,061		35		2021	C	232,215
354 Oyster Point Blvd., South San Francisco, CA			19,538		—		141,063		19,538		141,063		160,601		22,126		35		2021	C	193,472
365 Oyster Point Blvd., South San Francisco, CA (15)			—		—		—		—		—		—		62		35		0	C	—
10900 NE 4th St., Bellevue, WA			25,080		150,877		66,352		25,080		217,229		242,309		106,671		35		2012	A	428,557
601 108th Ave., Bellevue, WA			—		214,095		99,439		42,680		270,854		313,534		136,292		35		2011	A	490,738
2001 8th Ave., Seattle, WA			84,076		371,154		36,691		84,076		407,845		491,921		53,879		35		2021	A	535,395
320 Westlake Ave. North, Seattle, WA	76,627		(16)	14,710		82,018		16,653		14,710		98,671		113,381		41,086		35		2013	A	184,644
321 Terry Ave. North, Seattle, WA		(16)	10,430		60,003		11,066		10,430		71,069		81,499		30,777		35		2013	A	135,755
401 Terry Ave. North, Seattle, WA			22,500		77,046		235		22,500		77,281		99,781		28,806		35		2014	A	174,530
333 Dexter Ave. North, Seattle, WA			42,854		—		328,064		42,854		328,064		370,918		48,068		35		2022	C	618,766
701 N. 34th St., Seattle, WA			—		48,027		16,696		—		64,723		64,723		28,986		35		2012	A	143,136
801 N. 34th St., Seattle, WA			—		58,537		23,925		—		82,462		82,462		37,188		35		2012	A	173,615
837 N. 34th St., Seattle, WA			—		37,404		8,619		—		46,023		46,023		21,410		35		2012	A	112,487
200 W. 6th St., Austin, TX			—		—		664,974		—		664,974		664,974		60,117		35		2023	C	758,975
Residential Properties:
1550 N. El Centro Ave., Los Angeles, CA (6)			16,970		39		139,686		16,970		139,725		156,695		38,230		35		2016	C	—

F - 57

Initial Cost · Gross Amounts at WhichCarried at Close of Period
Property Location · Encumb-rances · Land and Improve-ments · BuildingsandImprove-ments · CostsCapitalizedSubsequent toAcquisition/Improvement · Land and Improve-ments · BuildingsandImprove-ments · Total · AccumulatedDepreciation · Depreci-ationLife (1) · Date ofAcquisition(A)/Construction(C) (2) · RentableSquareFeet (3)(unaudited)
($ in thousands)
6390 De Longpre Ave., Los Angeles, CA (5)			12,112		—		162,693		12,112		162,693		174,805		22,108		35	2021	C	—
3200 Paseo Village Way, San Diego, CA		(7)	106,419		—		272,319		106,419		272,319		378,738		46,203		35	2020	C	—
TOTAL OPERATING PROPERTIES	600,442			1,550,535		3,163,966		5,432,898		1,641,913		8,505,486		10,147,399		2,843,811					16,292,164
Undeveloped land and construction in progress	—			787,640		—		1,600,102		787,640		1,600,102		2,387,742		—					—
TOTAL ALL PROPERTIES	$600,442		(17)	$2,338,175		$3,163,966		$7,033,000		$2,429,553		$10,105,588		$12,535,141		$2,843,811					16,292,164

(1)The initial costs of buildings and improvements are depreciated over 35 years using a straight-line method of accounting; improvements capitalized subsequent to acquisition or development are depreciated over the shorter of the lease term or useful life, generally ranging fromone to 20 years.

(2)Represents our date of construction or acquisition, or of our predecessor, the Kilroy Group.

(3)Represents the square footage of our stabilized portfolio.

(4)This property was acquired in the third quarter of 2025.

(5)These properties include the allocated costs of a shared parking structure for a complex comprised of four office buildings and one residential tower.

(6)These properties include the allocated costs of a shared parking structure for a complex comprised offive office buildings andone residential tower.

(7)These properties secure a $375.0 million mortgage note.

(8)These properties were acquired in the fourth quarter of 2025.

(9)This property was taken out of the stabilized portfolio in the first quarter of 2022 for redevelopment in phases, and placed back into the stabilized portfolio during the third quarter of 2025, upon reaching one year from substantial completion of base building components.

(10)This property was taken out of the stabilized portfolio in the fourth quarter of 2022 for redevelopment, and placed back into the stabilized portfolio during the third quarter of 2025, upon reaching one year from substantial completion of base building components.

(11)These properties are owned by Redwood City Partners LLC, a consolidated property partnership.

(12)This property is owned by 100 First Street Member LLC, a consolidated property partnership.

(13)This property secures a $148.8 million mortgage note.

(14)This property is owned by 303 Second Street Member LLC, a consolidated property partnership.

(15)This property is currently in the tenant improvement phase of our in-process development projects and not yet in the stabilized portfolio. The estimated rentable square feet for this property is 871,738 rentable square feet.

(16)These properties secure a $76.6 million mortgage note.

(17)Represents gross aggregate principal amount before the effect of the deferred financing costs of $7.8 million as of December 31, 2025.

F - 58

As of December 31, 2025, the aggregate gross cost of property included above for federal income tax purposes approximated $10.6 billion.

The following table reconciles the historical cost of total real estate held for investment from January 1, 2023 to December 31, 2025:

	Year Ended December 31,
	2025	2024	2023
(in thousands)
Total real estate held for investment, beginning of year	$12,659,195	$12,241,648	$11,732,183
Additions during period:
Acquisitions	338,678	21,941	—
Improvements, etc.	249,704	400,880	511,866
Total additions during period	588,382	422,821	511,866
Deductions during period:
Cost of real estate sold	(483,776)	—	—
Properties held for sale	(221,693)	—	—
Other	(6,967)	(5,274)	(2,401)
Total deductions during period	(712,436)	(5,274)	(2,401)
Total real estate held for investment, end of year	$12,535,141	$12,659,195	$12,241,648

The following table reconciles the accumulated depreciation from January 1, 2023 to December 31, 2025:

	Year Ended December 31,
	2025	2024	2023
(in thousands)
Accumulated depreciation, beginning of year	$2,824,616	$2,518,304	$2,218,710
Additions during period:
Depreciation of real estate	305,751	307,967	300,119
Total additions during period	305,751	307,967	300,119
Deductions during period:
Write-offs due to sale	(166,696)	—	—
Properties held for sale	(116,693)	—	—
Other	(3,167)	(1,655)	(525)
Total deductions during period	(286,556)	(1,655)	(525)
Accumulated depreciation, end of year	$2,843,811	$2,824,616	$2,518,304

F - 59

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.