July 30, 2003 |
Profit at Kilroy Realty Corp. almost tripled in the second quarter as it reached a payment agreement with a major, financially troubled tenant and the real estate market improved. Kilroy, a West Los Angeles real estate investment trust that owns West Coast office and industrial properties, earned $13.4 million, or 49 cents a share, in the quarter ended June 30, compared with $5 million, or 18 cents, in the same period a year ago, the company reported late Monday. Revenue rose to $51.
April 29, 2003 |
Kilroy Realty Corp., a West Los Angeles real estate investment trust, reported that profit dipped 19% in the first quarter. Kilroy, which owns West Coast office and industrial properties, earned $10.9 million, or 40 cents a share, compared with $13.5 million, or 49 cents, in the year-earlier period, the company said late Monday. Revenue rose 7% to $54.6 million in the period ended March 31. Kilroy's funds from operations, a key measure of profitability for REITs, fell to $26.
February 5, 2003 |
Kilroy Realty Corp., a West Los Angeles real estate investment trust, reported that profit nearly doubled in the fourth quarter as it disposed of four major properties. Kilroy, which owns West Coast office and industrial properties, earned $14 million, or 50 cents a share, compared with $7.6 million, or 28 cents, in the year-earlier period, the company said late Monday. Revenue rose 7.7% to $51.7 million in the period ended Dec 31.
October 30, 2002 |
Kilroy Realty Corp., which cut its 2002 earnings estimates because of a tenant's financial problems, said Tuesday that its largest tenant, Boeing Co., plans to vacate a Kilroy building in El Segundo. The world's biggest airplane maker, which cut 30,000 jobs over the last year, plans to leave the 248,000-square-foot building in February, said John Kilroy Jr., the developer's president and chief executive. Boeing's satellite business, which has been hit by lower demand, has been based there.
October 24, 2002 |
A long-running feud between two prominent Los Angeles-area developers flared up again this week when Kilroy Realty Corp. and its allies filed a last-minute court appeal and raised new environmental concerns over a proposed El Segundo office development by rival Thomas Properties Group. The latest maneuver in the unusual and costly battle will keep the proposed 46-acre El Segundo Corporate Campus in legal limbo for at least another six months, according to attorneys.
August 30, 2002 |
Kilroy Realty Corp. said a former tenant, bankrupt Internet retailer EToys Inc., is seeking the return of $15 million from two letters of credit. EToys, which declared bankruptcy last year, filed a lawsuit against Kilroy for the return of money drawn on the letters of credit by Kilroy, the Los Angeles real estate company said. EToys signed an 11-year, $100-million lease in late 1999 for a 151,000-square-foot building Kilroy developed in West L.A.