Kilroy Realty (KRC) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Oct 22, 2026
Q3 2026 Revenue down 3% year over year to $272M · 6¢ of every $1 of revenue kept as net profit · operating margin 7.5%
Kilroy Realty made $272M in Q3 2026 (-3% Y/Y). Operating margin 7.5%, net earnings $15.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 22, 2026 (preliminary, from the earnings release).
Revenue$272M
Year over year-3%
Operating margin7.5%
Net earnings$15.5M
Operating cash flow—
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $271.6M in Q3 2026, down 3% year over year.
Operating profit was $20.3M, a 7.5% margin (down 50.5 points year over year). Total costs grew 114% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+135%). Net earnings were $15.5M, down 90% year over year. The effective tax rate was 0.0%.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
8-K
Oct 22, 2026
$272M
-3%
7.5%
$15.5M
—
Q2 2026
10-Q
Jul 28, 2026
$272M
-6%
9.1%
$19.9M
$78.2M
Q1 2026
10-Q
Apr 28, 2026
$270M
-0.3%
-5.4%
−$14.7M
$151M
Q4 2025
10-K
Feb 11, 2026
$272M
-5%
6.3%
$12.4M
$109M
Q3 2025
10-Q
Oct 28, 2025
$280M
-4%
58.0%
$156M
$177M
Q2 2025
10-Q
Jul 29, 2025
$290M
+3%
27.4%
$68.4M
$144M
Q1 2025
10-Q
May 6, 2025
$271M
-3%
16.1%
$39.0M
$137M
Charts
Latest (Q3 2026): Y/Y -3%, Q/Q 0%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q1 2026): Net income −$14.7M, Operating cash flow $151M.+4.5% since FY2020: more shares outstanding (issuance, stock pay).Cash $179M, short-term investments —, long-term debt — at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Kilroy Realty Corporation (the “Company”) is a self-administered real estate investment trust (“REIT”) active in premier office, life science, and mixed-use property types in the United States. Our approach to modern business environments is designed to drive creativity and productivity for some of the world’s leading technology, media, life science, and business services companies and we have been consistently recognized for our leadership in sustainability and building operations. We own, develop, acquire, and manage real estate assets, consisting primarily of premier office and life science properties in the San Francisco Bay Area, Los Angeles, Seattle, San Diego, and Austin, which are markets we believe have strategic advantages and strong barriers to entry. The Company qualifies as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”).
In its own words, from its 10-K, filed Feb 11, 2026.
Kilroy Realty against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +11%. Operating margin: 7.5% against the peers' median 15.9%.
Met or beat 0 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.27 statements; tone +0.07 (−1 all cautious, +1 all confident); 6 hedged.
13F: who owns KRC and who is buying
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).