Kilroy Realty (KRC) Q4 FFO Misses Estimates, Revenue Surpasses Forecast

Kilroy Realty Corp. (KRC) reported fourth-quarter results Monday, with funds from operations (FFO) of $117.2 million, or 97 cents per share, missing the 98 cents per share average estimate. FFO, a key REIT performance measure, adds back depreciation and amortization to net income; the company reported net income of $12.4 million, or 10 cents per share, and revenue of $272.2 million, beating the $270.6 million forecast. For the year, FFO totaled $505.9 million, revenue reached $1.11 billion, and the company expects full-year FFO of $3.25 to $3.45 per share.