LOS ANGELES–Kilroy Realty Corporation (NYSE: KRC) announced today that its board of directors declared a regular quarterly cash dividend of $0.425 per common share payable on July 12, 2017 to stockholders of record on June 30, 2017. The dividend is equivalent to an annual rate of $1.70 per share and is a 13.3% increase from the previous annualized dividend level of $1.50 per share.
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 May 15, 2017 up to and including August 14, 2017. The dividend will be payable on August 15, 2017 to Series H preferred stockholders of record on July 31, 2017.
About Kilroy Realty Corporation
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. 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 March 31, 2017, the company’s stabilized portfolio totaled approximately 14.4 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. In addition, KRC had two office projects totaling approximately 1.2 million square feet, 237 residential units and 96,000 square feet of retail space under construction.
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 first quarter, the company’s stabilized portfolio was 52% LEED certified and 71% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.