LOS ANGELES--(BUSINESS WIRE)--
Kilroy Realty Corporation(NYSE: KRC) announced it will
release 2017 first quarter financial results after market close on
Wednesday, April 26, 2017. The company will hold a conference call to
discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Thursday, April
27, 2017.
To participate in the call by telephone, please dial (866) 777-2509 five
to 10 minutes prior to the start time to allow time for registration.
International callers should dial (412) 317-5413.
In order to bypass speaking to the operator on the day of the call,
please pre-register anytime at http://dpregister.com/10104906.
This call will be broadcast live over the Internet and can be accessed
on the Investor Relations section of Kilroy Realty’s website at http://investors.kilroyrealty.com/phoenix.zhtml?c=79637&p=irol-audioarchives.
A replay will also be available beginning April 27, 2017 at 12:00 p.m.
PT / 3:00 p.m. ET through May 4, 2017, by dialing (877) 344-7529 and
entering passcode 10104906. International callers should dial (412)
317-0088 and enter the same passcode.
About Kilroy Realty Corporation. With approximately 70
years’ experience owning, developing, acquiring and managing real estate
assets in West Coast real estate markets, Kilroy Realty Corporation
(KRC), a publicly traded real estate investment trust and member of the
S&P MidCap 400 Index, is one of the region’s premier landlords. The
company provides physical work environments that foster creativity and
productivity and serves a broad roster of dynamic, innovation-driven
tenants, including technology, entertainment, digital media and health
care companies.
At December 31, 2016, the company’s stabilized portfolio totaled
approximately 14.0 million square feet of office space and 200
residential units located in the coastal regions of Los Angeles, Orange
County, San Diego, the San Francisco Bay Area and greater Seattle. The
company is recognized by GRESB as the North American leader in
sustainability and was ranked first among 178 North American
participants across all asset types. At the end of the fourth quarter,
the company’s properties were 51% LEED certified and 69% of eligible
properties were ENERGY STAR certified. In addition, KRC had two office
projects totaling approximately 1.1 million square feet, 237 residential
units and 96,000 square feet of retail space under construction. The
company also had one office project in lease-up encompassing
approximately 377,000 square feet. More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements are based
on our current expectations, beliefs and assumptions, and are not
guarantees of future performance. Forward-looking statements are
inherently subject to uncertainties, risks, changes in circumstances,
trends and factors that are difficult to predict, many of which are
outside of our control. Accordingly, actual performance, results and
events may vary materially from those indicated in forward-looking
statements, and you should not rely on forward-looking statements as
predictions of future performance, results or events. Numerous factors
could cause actual future performance, results and events to differ
materially from those indicated in forward-looking statements,
including, among others, risks associated with: global market and
general economic conditions and their effect on our liquidity and
financial conditions and those of our tenants; adverse economic or real
estate conditions generally, and specifically, in the States of
California and Washington; investment in our real estate assets, which
are illiquid; trends in the real estate industry; defaults on or
non-renewal of leases by tenants; any significant downturn in tenants’
businesses; our ability to release property at or above current market
rates; costs to comply with government regulations, including
environmental remediations; the availability of cash for distribution
and debt service and exposure to risk of default under debt obligations;
increases in interest rates and our ability to manage interest rate
exposure; the availability of financing on attractive terms or at all,
which may adversely impact our future interest expense and our ability
to pursue development, redevelopment and acquisition opportunities and
refinance existing debt; a decline in real estate asset valuations,
which may limit our ability to dispose of assets at attractive prices or
obtain or maintain debt financing; significant competition, which may
decrease the occupancy and rental rates of properties; potential losses
that may not be covered by insurance; the ability to successfully
complete acquisitions and dispositions on announced terms; the ability
to successfully operate acquired, developed and redeveloped properties;
the ability to successfully complete development and redevelopment
projects on schedule and within budgeted amounts; delays or refusals in
obtaining all necessary zoning, land use and other required
entitlements, governmental permits and authorizations for our
development and redevelopment properties; increases in anticipated
capital expenditures, tenant improvement and/or leasing costs; defaults
on leases for land on which some of our properties are located; adverse
changes to, or implementations of, applicable laws, regulations or
legislation; risks associated with joint venture investments, including
our lack of sole decision-making authority, our reliance on
co-venturers’ financial condition and disputes between us and our
co-venturers; environmental uncertainties and risks related to natural
disasters; and our ability to maintain our status as a REIT. These
factors are not exhaustive. For a discussion of additional factors that
could materially adversely affect our business and financial
performance, see the factors included under the caption “Risk Factors”
in our annual report on Form 10-K for the year ended December 31, 2016
and our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on information that was available,
and speak only as of the date on which they are made. We assume no
obligation to update any forward-looking statement made in this press
release that becomes untrue because of subsequent events, new
information or otherwise, except to the extent required in connection
with ongoing requirements under U.S. securities laws.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170410006209/en/
Kilroy Realty Corporation
Tyler H. Rose
Executive Vice
President and Chief Financial Officer
(310) 481-8484
or
Michelle
Ngo
Senior Vice President and Treasurer
(310) 481-8581
Source: Kilroy Realty Corporation