New York State Common Retirement Fund Sells Shares of Kilroy Realty Co.
August 12, 2023
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The New York State Common Retirement Fund (NYSCRF) recently sold shares of Kilroy Realty ($NYSE:KRC) Co. (KRC) to Defense World for an undisclosed price. The sale marks the latest transaction in the NYSCRF’s portfolio diversification strategy, which has seen the fund acquire numerous stocks and securities over the past few years. Kilroy Realty Co. is one of the leading real estate investment trust companies in the United States. It is a publicly traded company based in Los Angeles, California and is traded on the New York Stock Exchange under the symbol KRC. The company develops, owns, and manages commercial real estate located mostly in California and the Pacific Northwest.
Its portfolio includes office, industrial, and retail properties as well as land and development sites. The company has a long-term strategy focused on organic growth and disciplined capital allocation to drive long-term stockholder value. In recent years, Kilroy Realty Co. has grown quickly through strategic acquisitions of properties in prime markets and is well positioned for future growth.
Price History
The opening trading price was $36.7, and the closing price was $38.1, representing a 3.8% increase from the previous day’s closing price. KILROY REALTY stock experienced a surge in demand from investors looking to capitalize on the potential of the company. The sale was the latest move in the fund’s strategy to divest shares of KRC, as part of its long-term plan to reduce its exposure to real estate investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kilroy Realty. More…
| Total Revenues | Net Income | Net Margin |
| 1.14k | 244 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kilroy Realty. More…
| Operations | Investing | Financing |
| 595.71 | -553.19 | -118.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kilroy Realty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.91k | 5.24k | 46.37 |
Key Ratios Snapshot
Some of the financial key ratios for Kilroy Realty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 30.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we recently conducted an analysis of KILROY REALTY and found that based on our Star Chart classification, KILROY REALTY is a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This means that investors who are looking for steady returns and safety are likely to find KILROY REALTY appealing. KILROY REALTY scored particularly well in asset and dividend scores, and medium in growth and profitability. Moreover, KILROY REALTY has a high health score of 8/10, meaning that they are more than capable to safely ride out any crisis without the risk of bankruptcy. In short, KILROY REALTY’s track record of consistent dividends and strong asset and health scores make it an attractive investment for investors who are looking for stability and safety. More…
Peers
Its competitors include MREIT Inc, One REIT Inc, and Manulife US REIT.
– MREIT Inc ($PSE:MREIT)
MREIT Inc is a publicly traded company that owns and operates a portfolio of real estate properties. The company’s market cap is $31.9 billion as of 2022. MREIT Inc’s portfolio includes office buildings, retail centers, apartments, and hotels located in the United States and Canada. The company’s primary business is owning and operating income-producing real estate properties.
– One REIT Inc ($TSE:3290)
One REIT Inc is a large real estate investment trust with a market capitalization of $62.31 billion as of 2022. The company owns and operates a diversified portfolio of real estate assets, including office, retail, industrial, and hotel properties. One REIT is one of the largest real estate investment trusts in the United States and is headquartered in New York City.
– Manulife US REIT ($SGX:BTOU)
Manulife US REIT is a real estate investment trust that invests in office, retail, and industrial properties in the United States. The company has a market capitalization of $639.56 million as of 2022. Manulife US REIT is headquartered in Boston, Massachusetts.
Summary
Kilroy Realty Corporation (KRC) is a real estate investment trust (REIT) headquartered in Los Angeles, California. Its portfolio is primarily focused on office and industrial properties in the West Coast of the United States. New York State Common Retirement Fund has recently sold their shares of KRC. This event led to a rise in KRC’s stock price on the same day.
Investment analysts have noted that KRC has a strong balance sheet, and its consistent growth in the office and industrial sectors has been a benefit to investors. It is also expected that the company’s market capitalization will continue to grow as demand for its services increases. Investors should weigh the risks of investing in KRC, including the potential for negative returns if the economy were to weaken or interest rates were to increase.
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