Kilroy Realty Corp

KRC: XNYS (USA)
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Kilroy Earnings: Outlook Remains Difficult, but There Are Some Green Shoots; Valuation Intact

Kilroy's third-quarter numbers were in line with our expectations, as it reported funds from operations of $1.08 per share, 7.7% lower than the $1.17 of the prior-year quarter. There are some encouraging signs of recovery in the West Coast office markets, but the outlook remains difficult.

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