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KRC • CIK 0001025996
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $238,288 | $232,954 | $302,640 | $244,286 |
| Net Income (Loss) Available to Common Stockholders, Basic | $212,241 | $210,969 | $276,121 | $217,846 |
| Weighted Average Number of Shares Outstanding, Basic | 117,160,173 | 117,649,111 | 118,278,990 | 117,720,919 |
| Weighted Average Number of Shares Outstanding, Diluted | 117,506,255 | 118,156,987 | 118,832,035 | 117,804,122 |
| Operating Lease, Lease Income | $1,117,737 | $1,118,115 | $1,093,587 | $1,092,673 |
| Revenue from Contract with Customer, Excluding Assessed Tax | $11,957 | $17,514 | $19,080 | $19,203 |
| Revenues | $1,129,694 | $1,135,629 | $1,112,667 | $1,111,876 |
| Other Cost and Expense, Operating | $228,964 | $243,441 | $243,726 | $244,295 |
| Real Estate Tax Expense | $105,868 | $108,951 | $107,564 | $107,981 |
| Operating Lease, Expense | $9,732 | $11,715 | $12,048 | $12,215 |
| General and Administrative Expense | $93,434 | $72,066 | $73,108 | $76,906 |
| Operating Lease, Cost | $6,506 | $8,764 | $10,352 | $10,489 |
| Depreciation, Depletion and Amortization, Nonproduction | $355,278 | $356,182 | $354,854 | $362,079 |
| Operating Expenses | $799,782 | $801,119 | $801,652 | $813,965 |
| InterestExpenseNonoperating | — | $145,287 | $126,292 | $133,655 |
| Other Nonoperating Income (Expense) | — | — | $168 | $714 |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | $127,038 | $150,563 |
| Gain (Loss) on Disposition of Intangible Assets | — | $5,979 | $0 | $0 |
| Nonoperating Income (Expense) | $-91,624 | $-101,556 | $-8,375 | $-53,625 |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | $2,083 | $2,062 | $2,682 | $2,122 |
| Net Income (Loss) Attributable to Noncontrolling Interest | $26,047 | $21,985 | $26,519 | $26,440 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Land and Land Improvements | $1,743,170 | $1,750,820 | $1,641,913 | $1,730,514 |
| Investment Building and Building Improvements | $8,463,674 | $8,598,751 | $8,505,486 | $9,011,023 |
| Cash and Cash Equivalents, at Carrying Value | $510,163 | $165,690 | $179,316 | $192,904 |
| Real Estate Investment Property, at Cost | $12,241,648 | $12,659,195 | $12,535,141 | $12,326,579 |
| Debt Securities, Trading, and Equity Securities, FV-NI | $284,670 | $27,965 | $30,807 | $31,417 |
| Real Estate Investment Property, Accumulated Depreciation | $2,518,304 | $2,824,616 | $2,843,811 | $2,857,265 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $13,609 | $11,033 | $12,765 | $15,712 |
| Real Estate Investment Property, Net | $9,723,344 | $9,834,579 | $9,691,330 | $9,469,314 |
| Deferred Rent Receivables, Net | $460,979 | $451,996 | $424,794 | $425,420 |
| Operating Lease, Right-of-Use Asset | $125,506 | $129,222 | $128,116 | $127,834 |
| Prepaid Expense and Other Assets | $53,069 | $51,935 | $54,561 | $52,273 |
| Assets | $11,401,045 | $10,898,357 | $10,915,076 | $10,774,858 |
| Secured Debt | $603,225 | $598,199 | $592,685 | $591,398 |
| Unsecured Debt | $4,325,153 | $3,999,566 | $3,996,774 | $3,997,993 |
| Accounts Payable and Accrued Liabilities | $371,179 | $285,011 | $288,963 | $303,808 |
| Dividends Payable | $64,440 | $64,850 | $65,009 | $63,421 |
| Liabilities | $5,741,352 | $5,289,488 | $5,277,333 | $5,285,944 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $5,659,693 | $5,608,869 | $5,637,743 | $5,488,914 |
| Common Stock, Value, Issued | $1,173 | $1,181 | $1,184 | $1,163 |
| Additional Paid in Capital | $5,205,839 | $5,209,653 | $5,230,747 | $5,161,140 |
| Retained Earnings (Accumulated Deficit) | $221,149 | $171,212 | $188,876 | $102,859 |
| Stockholders' Equity Attributable to Parent | $5,428,161 | $5,382,046 | $5,420,807 | $5,265,162 |
| Noncontrolling Interest in Operating Partnerships | $53,275 | $52,472 | $51,911 | $51,328 |
| Partners' Capital Attributable to Noncontrolling Interest | — | — | $165,025 | $165,025 |
| Stockholders' Equity Attributable to Noncontrolling Interest | $231,532 | $226,823 | $216,936 | $223,752 |
| Accounts Receivable, Allowance for Credit Loss, Current | $1,567 | $314 | $244 | $331 |
| Common Stock, Shares Authorized | 280,000,000 | 280,000,000 | 280,000,000 | 280,000,000 |
| Common Stock, Shares, Issued | 117,239,558 | 118,046,674 | 118,372,451 | 116,278,807 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $238,288 | $232,954 | $302,640 | $244,286 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $162,784 | $-344,473 | $13,626 | $46,193 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $510,163 | $165,690 | $179,316 | $225,509 |
| Depreciation, Depletion and Amortization | $348,064 | $349,828 | $349,271 | $356,421 |
| Payments to Develop Real Estate Assets | $446,426 | $365,521 | $174,687 | $221,987 |
| Payments for Capital Improvements | $97,393 | $100,303 | $116,025 | $124,657 |
| Payments to Acquire Commercial Real Estate | $0 | $35,155 | $397,251 | $397,251 |
| Proceeds from Sale of Real Estate Held-for-investment | $0 | $0 | $447,938 | $589,378 |
| Straight Line Rent | $19,262 | $-3,160 | $-11,628 | $-6,314 |
| Proceeds from Sale of Property, Plant, and Equipment | — | $19,354 | $0 | $0 |
| Amortization of above and below Market Leases | $-6,648 | $-3,521 | $-3,079 | $-2,874 |
| Amortization of Debt Issuance Costs and Discounts | $5,200 | $6,893 | $4,777 | $5,220 |
| Net Cash Provided by (Used in) Investing Activities | $-800,400 | $-225,044 | $-240,025 | $-148,317 |
| Share-based Payment Arrangement, Noncash Expense | $36,858 | $17,714 | $19,090 | $20,032 |
| Operating Lease, Right-of-Use Asset, Amortization Expense | $1,024 | $1,066 | $1,106 | $1,115 |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | $127,038 | $150,563 |
| Impairment of Real Estate | — | — | $16,259 | $78,037 |
| Gain (Loss) on Disposition of Other Assets | — | $5,979 | $0 | $0 |
| Increase (Decrease) in Operating Assets | $-2,322 | $-1,894 | $11,326 | $-10,691 |
| Increase (Decrease) in Operating Liabilities | $-2,843 | $-54,025 | $10,528 | $18,669 |
| Net Cash Provided by (Used in) Operating Activities | $602,589 | $541,149 | $566,313 | $580,087 |
| Payments to Noncontrolling Interests | $30,097 | $23,829 | $33,163 | $32,317 |
| Payments of Ordinary Dividends, Common Stock | $255,430 | $256,306 | $257,861 | $258,029 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $11,595 | $27,636 | $6,551 | $7,512 |
| Payments of Financing Costs | $10,924 | $18,605 | $4,805 | $4,705 |
| Repayments of Secured Debt | $5,775 | $6,006 | $6,246 | $6,307 |
| Proceeds from Issuance of Unsecured Debt | $0 | $395,516 | $395,964 | $395,964 |
| Proceeds from Issuance of Secured Debt | $375,000 | $0 | $0 | $0 |
| Repayments of Unsecured Debt | $0 | $723,712 | $400,000 | $400,000 |
| Proceeds from Unsecured Notes Payable | $320,000 | $0 | $0 | $0 |
| Proceeds from Long-term Lines of Credit | — | — | $65,000 | $65,000 |
| Net Cash Provided by (Used in) Financing Activities | $360,595 | $-660,578 | $-312,662 | $-385,577 |
| Interest Paid, Capitalized, Investing Activities | $74,052 | $77,871 | $79,542 | $73,612 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $105,767 | $126,668 | $115,912 | $121,996 |
| Capital Expenditures Incurred but Not yet Paid | $95,575 | $54,190 | $62,570 | $59,318 |