Kilroy Realty Declares Quarterly Dividends
February 24 2015 - 5:49PM
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, 2015 to
stockholders of record on March 31, 2015. The dividend is
equivalent to an annual rate of $1.40 per share.
The board of directors also declared a dividend of $0.4296875
per share on the company’s 6.875% Series G Cumulative Redeemable
Preferred Stock for the period commencing on and including February
16, 2015 up to and including May 14, 2015. The dividend will be
payable on May 15, 2015 to Series G preferred stockholders of
record on April 30, 2015.
The board of directors also declared a dividend of $0.3984375
per share on the company’s 6.375% Series H Cumulative Redeemable
Preferred Stock for the period commencing on and including February
16, 2015 up to and including May 14, 2015. The dividend will be
payable on May 15, 2015 to Series H preferred stockholders of
record on April 30, 2015.
About Kilroy Realty Corporation. With more than 65 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, 2014, the company’s stabilized
portfolio totaled 14.1 million square feet of office
properties, all located in the coastal regions of greater Seattle,
the San Francisco Bay Area, Los Angeles, Orange County and San
Diego. The company is recognized by the Global Real Estate
Sustainability Benchmark (GRESB) as the North American leader in
sustainability and was ranked first among 151 North American
participants across all asset types. At the end of the fourth
quarter, the company’s properties were 39% LEED certified and 56%
of eligible properties were ENERGY STAR certified. In addition, KRC
had approximately 1.7 million square feet of new office and
mixed-use development under construction with a total estimated
investment of approximately $1.0 billion. 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:
investment in real estate assets, which are illiquid; trends in the
real estate industry; significant competition, which may decrease
the occupancy and rental rates of properties; the ability to
successfully complete acquisitions and dispositions on announced
terms; the ability to successfully operate acquired properties; the
availability of cash for distribution and debt service and exposure
of risk of default under debt obligations; adverse changes to, or
implementations of, applicable laws, regulations or legislation;
and the ability to successfully complete development and
redevelopment projects on schedule and within budgeted amounts.
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, 2014 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.
Kilroy Realty CorporationTyler H. RoseExecutive Vice
Presidentand Chief Financial Officer(310) 481-8484orMichelle
NgoSenior Vice Presidentand Treasurer(310) 481-8581
Kilroy Realty (NYSE:KRC)
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