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Press Room Release

Kilroy Realty's Fourth Quarter 2004 Earnings Conference Call

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LOS ANGELES--(BUSINESS WIRE)--Jan. 3, 2005--Kilroy Realty Corporation (NYSE:KRC) will hold its quarterly conference call to discuss fourth quarter financial results on Tuesday, February 1, 2005 at 11:00 am Pacific Standard Time. The phone number for the call is (800) 299-7098, passcode 49888425.

This call is being webcast by Thomson/CCBN and can be accessed at Kilroy Realty Corporation's Web site at www.kilroyrealty.com.

The webcast is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com).

A webcast replay will be available in the Investor Relations, Shareholder Information, Conference Call section of the company's web site at www.kilroyrealty.com. A replay will also be available by dialing (888) 286-8010 from 1:00 p.m. PST on February 1st through February 11th 12:00 p.m. (passcode 26925192).

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a Southern California-based real estate investment trust active in the office and industrial property sectors. For more than 50 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of California and Washington. KRC is currently active in office development and redevelopment in Los Angeles and San Diego counties. At September 30, 2004, the company owned 7.4 million square feet of commercial office space and 4.6 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com

CONTACT:
Kilroy Realty Corporation
Tyler Rose, 310-481-8484
trose@kilroyrealty.com

SOURCE:
Kilroy Realty Corporation