Kilroy Realty Q4 FFO Narrows
(RTTNews) - Kilroy Realty Corporation (KRC), a real estate investment trust, Monday announced a decrease in its fourth-quarter funds from operations.
For the fourth quarter, FFO declined to $129.3 million or $1.08 per share from last year's $139.9 million or $1.17 per share.
Earnings totaled $47.3 million or $0.40 per share versus $52.6 million or $0.45 per share prior year.
Analysts, on average, surveyed by Thomson Reuters expected a profit of $0.38 per share.
Revenue decreased to $269.01 million from $284.3 million last year quarter.
Looking forward, the company anticipates profit of $1.45 to $1.61 per diluted share and FFO of $4.10 to $4.25 per diluted share for the fiscal year 2024.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.