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LOS ANGELES-Kilroy Realty Corp. earned $20 million for the third quarter ended Sept. 30, or 72 cents per share, compared with net income of $7.9 million, or 28 cents per share, in the third quarter of 2002. The real estate investment trust reported revenues of $70.1 million, up from $50.0 million in the year-earlier period, and funds from operations of $37.5 million, or $1.17 per share, compared to $23.2 million, or 72 cents per share, in the like period last year.

The third-quarter figures reflected a significant boost from approximately $18.3 million during the third quarter from Peregrine Systems Inc., as part of a total of $21.3 million the company will ultimately receive in a settlement over claims arising from Peregrine Systems’ bankruptcy filing in September 2002. The payments, reported previously by Kilroy, increased the REITs third-quarter FFO by $15.4 million or 48 cents per share. The company reported that, as of Sept. 30, it owned 7.3 million sf of commercial office space and 4.9 million sf of industrial space.

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