Kilroy Realty

KRC · NYSE

$34.82+$0.81 (+2.38%)TodayMarket closed · Oct 20, 5:00 PM ET

Prev close $34.01

KRC analyst rating

HoldConsensus of 12 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy3
Hold7
Underperform1
Sell1

12-month price target · 14 analysts

Average $39.86 (+14.5% upside)

Low: $31.31
Now: $34.82
High: $48.30

Upgrades and downgrades

The latest rating actions, newest first

KRC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Evercore ISI Group	Sep 21, 2026	Maintains	Outperform	$45.00 → $44.00	45%
Scotiabank	Sep 17, 2026	Maintains	Sector Perform	$41.00 → $39.00	47%
Wells Fargo	Sep 1, 2026	Maintains	Equal-Weight	$33.00 → $38.00	42%
Citigroup	Jul 30, 2026	Maintains	Neutral	$34.00 → $40.00	44%
Goldman Sachs	Jul 30, 2026	Maintains	Sell	$28.00 → $31.00	35%
Evercore ISI Group	Jul 28, 2026	Maintains	Outperform	$43.00 → $45.00	45%
Scotiabank	Jul 21, 2026	Maintains	Sector Perform	$38.00 → $41.00	47%
JP Morgan	Jul 21, 2026	Maintains	Neutral	$40.00 → $39.00	58%
Barclays	Jul 21, 2026	Maintains	Equal-Weight	$31.00 → $38.00	32%
Mizuho	Jul 21, 2026	Maintains	Underperform	$29.00 → $34.00	48%

The case for and against

Updated Feb 9, 2026

Bull case

Kilroy Realty is positioned favorably due to its substantial portfolio of approximately 17 million square feet of office space and demonstrated resilience in major markets, particularly San Francisco, where leasing activity is gaining momentum. Recent data indicates a 17% year-over-year increase in foot traffic at a key property, coupled with attractive renewal rates of around 5%, which reflects a recovering demand for office space. Furthermore, the surge in lab demand driven by AI advancements presents significant re-leasing opportunities, enhancing the company's overall outlook amidst improving market dynamics across its operating regions.

Bear case

Kilroy Realty faces a challenging outlook due to potential stagnation in office recovery across West Coast markets, exacerbated by a possible decline in AI demand and investments. The company has revised its FFO per share (FFOPS) estimates downward for 2026 and 2027, reflecting a tightening economic environment and anticipated land monetization issues. Additionally, the overall office market continues to contend with high vacancy rates, further complicating the company’s near-term growth prospects.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.