Kilroy Realty swings to Q1 net loss of $19.3 million but raises 2026 FFO outlook
Kilroy Realty reported a first-quarter 2026 net loss available to common stockholders of $19.3 million, or $0.16 per diluted share, compared with net income of $39.0 million, or $0.33 per share, a year earlier. The loss reflects a $61.8 million impairment charge, while funds from operations (FFO) fell to $108.8 million, or $0.91 per diluted share, and the company raised its full-year 2026 FFO guidance to $3.49 to $3.63 per diluted share from $3.25 to $3.45.
Key points
- Net loss available to common stockholders of $(19.3) million, or $(0.16) per diluted share, versus net income of $39.0 million, or $0.33, in Q1 2025; the quarter included a $61.8 million impairment of real estate assets
- FFO of $108.8 million, or $0.91 per diluted share, versus $122.3 million, or $1.02, a year earlier; revenues were $270.1 million versus $270.8 million
- Full-year 2026 FFO per diluted share guidance raised to $3.49 to $3.63 from $3.25 to $3.45
- Signed approximately 568,000 square feet of leases in Q1; repaid $50.0 million of 4.300% senior notes in April 2026
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.