KILROY REALTY CORP
For the period ended Mar 31, 2026. Filed Apr 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 28, 2026
KRC$35.89-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of March and December 31,
CONSOLIDATED BALANCE SHEETS
(Unaudited; in thousands, except share data)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Real estate assets: | ||
| Land | $1,730,514 | $1,641,913 |
| Buildings and improvements | 9,011,023 | 8,505,486 |
| Undeveloped land and construction in progress | 1,585,042 | 2,387,742 |
| Total real estate assets held for investment | 12,326,579 | 12,535,141 |
| Accumulated depreciation and amortization | (2,857,265) | (2,843,811) |
| Total real estate assets held for investment, net | 9,469,314 | 9,691,330 |
| Real estate and other assets held for sale, net | 188,771 | 115,155 |
| Cash and cash equivalents | 192,904 | 179,316 |
| Marketable securities | 31,417 | 30,807 |
| Current receivables (net of allowances of $331 and $244, respectively) | 15,712 | 12,765 |
| Deferred rent receivables, net | 425,420 | 424,794 |
| Deferred leasing costs and acquisition-related intangible assets, net | 271,213 | 278,232 |
| Right of use ground lease assets, net | 127,834 | 128,116 |
| Prepaid expenses and other assets, net | 52,273 | 54,561 |
| Total assets | $10,774,858 | $10,915,076 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Secured debt, net | $591,398 | $592,685 |
| Unsecured debt, net | 3,997,993 | 3,996,774 |
| Accounts payable, accrued expenses, and other liabilities | 303,808 | 288,963 |
| Ground lease liabilities | 127,414 | 127,628 |
| Accrued dividends and distributions | 63,421 | 65,009 |
| Deferred revenue and acquisition-related intangible liabilities, net | 122,272 | 125,628 |
| Rents received in advance and tenant security deposits | 79,638 | 75,701 |
| Liabilities related to real estate assets held for sale | — | 4,945 |
| Total liabilities | 5,285,944 | 5,277,333 |
| Commitments and contingencies (Note 10) | ||
| Equity: | ||
| Stockholders’ Equity: | ||
| Common stock, $.01 par value, 280,000,000 shares authorized, 116,278,807 and 118,372,451 shares issued and outstanding | 1,163 | 1,184 |
| Additional paid-in capital | 5,161,140 | 5,230,747 |
| Retained earnings | 102,859 | 188,876 |
| Total stockholders’ equity | 5,265,162 | 5,420,807 |
| Noncontrolling Interests: | ||
| Common units of the Operating Partnership | 51,328 | 51,911 |
| Consolidated property partnerships | 172,424 | 165,025 |
| Total noncontrolling interests | 223,752 | 216,936 |
| Total equity | 5,488,914 | 5,637,743 |
| Total liabilities and equity | $10,774,858 | $10,915,076 |
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