Kilroy Realty Corporation (KRC), a real estate investment trust, Monday announced a decrease in its fourth-quarter funds from operations.
For the fourth quarter, FFO declined to $129.3 million or $1.08 per share from last year's $139.9 million or $1.17 per share.
Earnings totaled $47.3 million or $0.40 per share versus $52.6 million or $0.45 per share prior year.
Analysts, on average, surveyed by Thomson Reuters expected a profit of $0.38 per share.
Revenue decreased to $269.01 million from $284.3 million last year quarter.
Looking forward, the company anticipates profit of $1.45 to $1.61 per diluted share and FFO of $4.10 to $4.25 per diluted share for the fiscal year 2024.
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