Kilroy Realty Earnings: Here’s Why Investors are Ambivalent Now
Kilroy Realty Corp. (NYSE:KRC) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Kilroy Realty Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.53% to $0.62 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Rose 17.63% to $117.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kilroy Realty Corp. reported adjusted EPS income of $0.62 per share. By that measure, the company missed the mean analyst estimate of $0.62. It beat the average revenue estimate of $105.05 million.
Quoting Management: “As our first quarter activity demonstrates, we remain focused on building the long-term value of our portfolio through both opportunistic acquisitions and well-executed development, while maintaining a strong balance sheet,” said John Kilroy, Jr., the company’s president and chief executive officer.
Key Stats (on next page)…