KILROY REALTY CORP
For the period ended Oct 22, 2026. Filed Oct 22, 2026.
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Oct 22, 2026 · Filed Oct 22, 2026
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Contents
EX-99.1 · Leases Executed
Leases Executed(1)
| # of Leases · Square Feet · WeightedAverage LeaseTerm (Mo.) · TI/LCPer Sq.Ft. (2) · TI/LCPer Sq.Ft. /Year (2) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Quarter to Date · New · Renewal · New · Renewal · Total | ||||||||
| 2nd Gen Leasing | 19 | 14 | 335,401 | 343,139 | 678,540 | 99 | $94.43 | $11.48 |
| 1st Gen / Major Repositioning / In-Process Development & Redevelopment Leasing | 8 | — | 124,271 | — | 124,271 | 101 | $283.72 | $39.01 |
| Total | 27 | 14 | 459,672 | 343,139 | 802,811 | |||
| # of Leases · Square Feet · WeightedAverage LeaseTerm (Mo.) · TI/LCPer Sq.Ft. (2) · TI/LCPer Sq.Ft. /Year (2) | ||||||||
| Year to Date | New | Renewal | New | Renewal | Total | |||
| 2nd Gen Leasing | 57 | 38 | 699,845 | 522,145 | 1,221,990 | 81 | $78.32 | $11.08 |
| 1st Gen / Major Repositioning / In-Process Development & Redevelopment Leasing | 16 | — | 414,248 | — | 414,248 | 148 | $300.54 | $29.53 |
| Total | 73 | 38 | 1,114,093 | 522,145 | 1,636,238 | |||
| Quarter to Date | Year to Date | |||
|---|---|---|---|---|
| 2nd Gen Leasing Change in Rents | Changes inGAAP Rents (3) | Changes in Cash Rents (4) | Changes inGAAP Rents (3) | Changes in Cash Rents (4) |
| Leases Signed On Space Vacant Less Than or Equal to 12 Months | 37.9% | 13.9% | 32.8% | 12.6% |
| All Leases Signed | 30.6% | 9.7% | 17.5% | 2.1% |
| Retention Rate Calculations | Quarter to Date | Year to Date |
|---|---|---|
| Retention Rate | 78.3% | 45.0% |
| Retention Rate, including subtenants | 81.2% | 50.2% |
| Leases Signed But Not Yet Commenced (5) | Period of Estimated Lease Commencement (6) | ||||
|---|---|---|---|---|---|
| Q4 2026 | H1 2027 | H2 2027 | 2028 and Beyond | Total | |
| Square Feet | 250,650 | 315,277 | 327,366 | 509,270 | 1,402,563 |
| Annualized Base Rent (“ABR”) | $14,153 | $17,359 | $16,741 | $52,448 | $100,701 |
| ABR per Sq. Ft. | $56.47 | $55.06 | $51.14 | $102.99 | $71.80 |
| Net Leases | 78% | ||||
| Gross Leases | 22% | ||||
| Total ABR | 100% | ||||
(1)Includes 100% of consolidated property partnerships. Excludes leases with a lease term of less than one year (i.e. short-term leases). During thethree months ended September 30, 2026, the Company signed 11,880
square feet of new short-term leasing on vacant space. During thenine months ended September 30, 2026, the Company signed 122,169 square feet of short-term leases, comprised of 76,437 square feet of new
leasing on vacant space and 45,732 square feet of renewal leasing.
(2)Includes tenant improvements and third-party leasing commissions, and excludes tenant-funded tenant improvements and indirect leasing costs.
(3)Calculated as the change between the expiring GAAP rent and the new GAAP rent for the same space. When necessary, lease structures are modified (adjusted for net leases) for comparability. Space that was vacant
when the property was acquired is excluded from these calculations.
(4)Calculated as the change between the expiring cash rent and the new cash rent for the same space. When necessary, lease structures are modified (adjusted for net leases) for comparability. Space that was vacant
when the property was acquired is excluded from these calculations.
(5)Includes 1,041,888 square feet of new leasing on previously vacant space,144,798 square feet of non-stabilized development leasing, and 215,877 square feet that has been backfilled or re-leased to a subtenant as of
September 30, 2026, but has not yet commenced.
(6)Represents estimated achievement of revenue recognition for the associated lease agreements.
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