Kilroy Realty (KRC) investor relations material

Portfolio overview and market positioning

• Operates 17.1M RSF of Class A office and life science properties across major West Coast markets and Austin, with 123 stabilized assets and 77.6% occupancy as of March 2026.

• Tenant base includes high-quality, well-capitalized companies, with 45% investment-grade rated; top 10 tenants account for 35.2% of ABR.

• Portfolio is strategically positioned to benefit from West Coast innovation, AI sector growth, and return-to-office trends.

Leasing and operational performance

• Achieved 568K SF of leases signed in Q1 2026, the strongest first quarter since 2017, with a 46% YoY increase in leasing volume.

• Notable leases include a 20-year, 145K SF lease with Cooley in Redwood City, a 62K SF expansion with Harvey in San Francisco, and a 43K SF lease with General Motors in Seattle.

• AI companies drove 2.3M SF of leasing in San Francisco in Q1 2026, representing 58% of total leasing activity.

Strategic approach and capital allocation

• Focuses on maintaining a high-quality, sustainable portfolio, securing long-term leases with credit tenants, and disciplined capital recycling.

• 2026 YTD activity includes $348M in dispositions, $36M in land acquisitions, $73M in share repurchases, and $50M in debt repayments.

• Recent strategic transactions include the sale of office and residential assets in San Diego and Los Angeles, and a joint venture for a pre-leased office development in Redwood City.