KILROY REALTY CORP Files DEF 14A Proxy Statement

Ticker: KRC · Form: DEF 14A · Filed: Apr 12, 2024 · CIK: 1025996

Kilroy Realty Corp DEF 14A Filing Summary
FieldDetail
CompanyKilroy Realty Corp (KRC)
Form TypeDEF 14A
Filed DateApr 12, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$750 million, $690 m, $1.9 billion
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Kilroy Realty Corp, KRC, Executive Compensation

TL;DR

<b>Kilroy Realty Corp (KRC) has filed its DEF 14A proxy statement detailing executive compensation and corporate governance for the period ending May 22, 2024.</b>

AI Summary

KILROY REALTY CORP (KRC) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Kilroy Realty Corp (KRC) filed a DEF 14A proxy statement on April 12, 2024. The filing covers the period ending May 22, 2024. The company's principal executive offices are located at 12200 W. Olympic Blvd., Suite 200, Los Angeles, CA 90064. The filing details executive compensation and other corporate governance matters. The SIC code for Kilroy Realty Corp is 6798 (Real Estate Investment Trusts).

Why It Matters

For investors and stakeholders tracking KILROY REALTY CORP, this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it outlines proposals to be voted on at the upcoming annual meeting, including the election of directors and executive compensation plans. Understanding the details within this proxy statement allows investors to make informed decisions regarding their voting rights and the future direction of Kilroy Realty Corp.

Risk Assessment

Risk Level: low — KILROY REALTY CORP shows low risk based on this filing. The filing is a standard DEF 14A proxy statement, which is routine for public companies and does not contain significant new financial or operational information that would alter the company's risk profile.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation, director nominations, and any other proposals requiring a vote.

Key Numbers

  • 0001025996 — Central Index Key (Kilroy Realty Corp's SEC identifier)
  • 6798 — Standard Industrial Classification (Real Estate Investment Trusts)
  • 954598246 — IRS Number (Kilroy Realty Corp's IRS identification)
  • MD — State of Incorporation (Kilroy Realty Corp's state of incorporation)
  • 1231 — Fiscal Year End (Kilroy Realty Corp's fiscal year end date)
  • 001-12675 — SEC File Number (Kilroy Realty Corp's SEC file number)
  • 24841916 — Film Number (SEC film number for this filing)
  • 3104818400 — Business Phone (Kilroy Realty Corp's contact phone number)

Key Players & Entities

  • KILROY REALTY CORP (company) — Filer name
  • KRC (company) — Ticker symbol
  • DEF 14A (filing) — Form type
  • 2024-04-12 (date) — Filing date
  • 2024-05-22 (date) — Period of report
  • 12200 W. OLYMPIC BLVD., SUITE 200 (address) — Business address street
  • LOS ANGELES (location) — Business address city
  • CA (location) — Business address state

FAQ

When did KILROY REALTY CORP file this DEF 14A?

KILROY REALTY CORP filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by KILROY REALTY CORP (KRC).

Where can I read the original DEF 14A filing from KILROY REALTY CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by KILROY REALTY CORP.

What are the key takeaways from KILROY REALTY CORP's DEF 14A?

KILROY REALTY CORP filed this DEF 14A on April 12, 2024. Key takeaways: Kilroy Realty Corp (KRC) filed a DEF 14A proxy statement on April 12, 2024.. The filing covers the period ending May 22, 2024.. The company's principal executive offices are located at 12200 W. Olympic Blvd., Suite 200, Los Angeles, CA 90064..

Is KILROY REALTY CORP a risky investment based on this filing?

Based on this DEF 14A, KILROY REALTY CORP presents a relatively low-risk profile. The filing is a standard DEF 14A proxy statement, which is routine for public companies and does not contain significant new financial or operational information that would alter the company's risk profile.

What should investors do after reading KILROY REALTY CORP's DEF 14A?

Shareholders should review the proxy statement to understand executive compensation, director nominations, and any other proposals requiring a vote. The overall sentiment from this filing is neutral.

How does KILROY REALTY CORP compare to its industry peers?

Kilroy Realty Corp operates as a Real Estate Investment Trust (REIT), focusing on the ownership, operation, and development of commercial real estate properties.

Are there regulatory concerns for KILROY REALTY CORP?

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

Industry Context

Kilroy Realty Corp operates as a Real Estate Investment Trust (REIT), focusing on the ownership, operation, and development of commercial real estate properties.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

  1. Review the detailed executive compensation tables and the rationale behind them.
  2. Examine the proposals being presented for shareholder vote, including director elections and any amendments to company plans.
  3. Assess the company's corporate governance practices as outlined in the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement and does not represent a change from previous filings in terms of its nature, but provides updated information for the current reporting period.

Filing Stats: 4,396 words · 18 min read · ~15 pages · Grade level 17.3 · Accepted 2024-04-12 16:31:25

Key Financial Figures

  • $750 million — he prior leases. (1) We added more than $750 million of new developments to our stabilized p
  • $690 m — ed portfolio, including Indeed Tower, a $690 million, ~760,000 square foot development
  • $1.9 billion — , and ended the year with approximately $1.9 billion of liquidity. More information on the

Filing Documents

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 KILROY REALTY CORPORATION (Name of Registrant as Specified in Its Charter) N/A (Name of Person(s) Filing Proxy Statement, If Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. ONTHE COVER One Paseo is a deeper notion of mixed-use. It is a place where a two-minute stroll takes you from your luxury apartment to your office, and from your office to a vibrant shopping and dining experience. But One Paseo is more than a convenient lifestyle. It is an attitude. A spirit of community that, even if you don't live or work here, invites you to meet up, hang out and join in. Located in one of the most sought after places to live, work, and play, One Paseo is designed with life's little luxuries in mind. One Paseo is Del Mar's first true Class A mixed-use development, combining world-class retail, office, and residential. ABOUT KILROY Kilroy is a place where innovation works. We have made it our mission to provide creative work environments that spark inspiration and productivity for the country's very best thinkers and doers. Home to approximately 260 employees, we are actively planning, building, and managing millions of square feet of innovative and sustainable properties that positively define the workspace across Los Angeles, San Diego, the San Francisco Bay Area, Seattle, and Austin. KILROY REALTY CORPORATION 12200 W. Olympic Boulevard, Suite 200 Los Angeles, California 90064 April 12, 2024 To Our Stockholders: I was honored to step into my new role as Kilroy's chief executive officer in January of this year and am excited to be a part of a platform defined by its premier portfolio, strategic capital allocation, sustainability leadership, and strong balance sheet. Kilroy has been a leader in the real estate industry for over 75 years and has proven to be both resilient and opportunistic throughout many macroeconomic and real estate cycles. I look forward to building on the success that the Company has had under the leadership of my predecessor, John Kilroy, to capture outsized growth opportunities and create sustainable long-term value for our stockholders. This past year brought positive trends for our sector, with an increase in employees returning to the physical office, as well as an uptick in foot traffic, public transit usage, and domestic travel and tourism. During 2023, Kilroy successfully leased over 1.3 million square feet, our highest annual leasing volume since 2019, and we are excited to continue to capitalize on recent momentum as we work closely with our tenants to respond to the evolving ways that people gather, work, and live in each of our markets. Kilroy's longstanding commitment to sustainability continues to differentiate this platform, particularly with our high-quality tenant base, that is focused on many of the same ambitious sustainability goals that we are. We have maintained carbon-neutral operations across our portfolio since 2020, and in 2023, we were awarded the ENERGY STAR Partner of the Year Sustained Excellence Award for the eighth consecutive year. We were also proud to be named the GRESB Regional Sector Leader in the Americas for Development, earning the highly competitive GRESB 5 Star designation, and were included for the fourth year in a row in Bloomberg's Gender Equality Index. While our sector continues to face challenges, we believe that Kilroy is exceptionally well-positioned for continued success and industry leadership in the years to come. We have a tremendous Class A portfolio – one of the youngest in the space – that has been built over many years of prudent and thoughtful capital allocation, and an incredible, performance-oriented team across every discipline within our organization. As we navigate challenging market conditions, we will remain focused on the core values that have consistently guided Kilroy's strategy, and seek to stay ahead of creeping functional obsolescence in our space as we also take advantage of growth opportunities as they present themselves. I look forward to working as part of the Kilroy team as we take a fresh look at every facet of our business, while maintaining the Company's commitment to innovation, wellness and sustainability, and financial discipline. Thank you for your investment in Kilroy and your t

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