Kilroy Reports Strong NOI Growth

LOS ANGELES—Kilroy Realty‘s 2Q14 reports show strong NOI growth that outperformed analysts original estimates. Driven by higher rental growth than expected, Kilroy’s NOI was $0.04 higher than consensus estimates and $0.01 higher than RBC Capital Markets estimates, while FFO finished the quarter at $0.72 per share, $0.01 above estimates.

According to RBC Capital Markets, Kilroy’s 2Q14 reports differed significantly from the original forecasts. Currently, RBC ranks Kilroy’s stock as outperform. Overall, the Kilroy shows a strong balance sheet with 89% of its debt at a fixed rate and a $90 million balance on the company’s revolving credit line.