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Kilroy Realty Corporation Declares Third Quarter Dividend

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LOS ANGELES, Sept. 17 /PRNewswire/ -- Kilroy Realty Corporation (NYSE: KRC) announced today that its board of directors has declared a regular quarterly cash dividend of $0.42 per common share payable on October 8, 1999 to shareholders of record on September 30, 1999. The dividend is equivalent to an annual rate of $1.68 per share.

Kilroy Realty Corporation is a Southern California-based real estate investment trust active in the commercial office and industrial property sectors. Principal submarkets for the company's development projects include Los Angeles, San Diego, Long Beach and Orange County, where the company has a development pipeline exceeding $500 million. At June 30, 1999, the company owned 5.8 million square feet of commercial office space and 6.2 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com.

SOURCE Kilroy Realty Corporation