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Kilroy Realty Declares Quarterly Dividends

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LOS ANGELES, Feb 17, 2011 (BUSINESS WIRE) -- Kilroy Realty Corporation (NYSE: KRC) announced today that its board of directors declared a regular quarterly cash dividend of $0.35 per common share payable on April 15, 2011 to stockholders of record on March 31, 2011. The dividend is equivalent to an annual rate of $1.40 per share.

The board of directors also declared a dividend of $0.4875 per share on the company's 7.80% Series E Cumulative Redeemable Preferred Stock for the period commencing on and including February 15, 2011 and ending on and including May 14, 2011. The dividend will be payable on May 16, 2011 to Series E preferred stockholders of record on April 29, 2011.

The board of directors also declared a dividend of $0.46875 per share on the company's 7.50% Series F Cumulative Redeemable Preferred Stock for the period commencing on and including February 15, 2011 and ending on and including May 14, 2011. The dividend will be payable on May 16, 2011 to Series F preferred stockholders of record on April 29, 2011.

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in the premier office and industrial submarkets along the West Coast. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. At December 31, 2010, the company owned 10.4 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.

SOURCE: Kilroy Realty Corporation

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President and Chief Financial Officer
310-481-8484
or
Michelle Ngo
Vice President and Treasurer
310-481-8581