Filing Flows › Kilroy Realty (KRC) › Q1 2025
Kilroy Realty (KRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Kilroy Realty (KRC) reported revenue of $271M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -5% from the quarter before. Operating margin was 16.1%, net earnings $39.0M (14.4% of revenue).
Kilroy Realty, Q1 2025: revenue $271M (-3% year over year), operating margin 16.1%, net earnings $39.0M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $271M | -5% | -3% |
| Operating profit | $43.7M | -33% | -22% |
| Net earnings | $39.0M | -34% | -22% |
| Operating cash flow | $137M | +27% | -18% |
| Free cash flow | $81.6M | +145% | -1% |
What changed
Revenue was $270.8M in Q1 2025, down 3% year over year and down 5% from the previous quarter.
Operating profit was $43.7M, a 16.1% margin (down 3.9 points year over year). Total costs grew 2% against a revenue fall of 3%. Net earnings were $39.0M, down 22% year over year. The effective tax rate was 0.0%.
Operating cash flow was $136.9M (down 18% year over year), 313% of net income including minority interests. Non-cash charges added back $85.7M of depreciation and amortization and $3.9M of share-based compensation. Capital expenditures of $55.3M left free cash flow of $81.6M.
Questions
What was Kilroy Realty's revenue in the first quarter 2025?
Kilroy Realty (KRC) reported revenue of $271M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -5% from the quarter before.
Was Kilroy Realty profitable in the first quarter 2025?
Operating profit was $43.7M (16.1% of revenue) and net earnings $39.0M.
Source: Kilroy Realty 10-Q on SEC EDGAR.