Kilroy Realty Declares Quarterly Dividends

  Kilroy Realty Declares Quarterly Dividends

Business Wire

LOS ANGELES -- February 13, 2014

Kilroy Realty Corporation (NYSE: KRC) announced today that its board of
directors declared a regular quarterly cash dividend of $0.35 per common share
payable on April 16, 2014 to stockholders of record on March 31, 2014. The
dividend is equivalent to an annual rate of $1.40 per share.

The board of directors also declared a dividend of $0.4296875 per share on the
company’s 6.875% Series G Cumulative Redeemable Preferred Stock for the period
commencing on and including February 18, 2014 up to and including May 14,
2014. The dividend will be payable on May 15, 2014 to Series G preferred
stockholders of record on April 30, 2014.

The board of directors also declared a dividend of $0.3984375 per share on the
company’s 6.375% Series H Cumulative Redeemable Preferred Stock for the period
commencing on and including February 18, 2014 up to and including May 14,
2014. The dividend will be payable on May 15, 2014 to Series H preferred
stockholders of record on April 30, 2014.

About Kilroy Realty Corporation. With more than 65 years’ experience owning,
developing, acquiring and managing real estate assets in West Coast real
estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate
investment trust and member of the S&P MidCap 400 Index, is one of the
region’s premier landlords. The company provides physical work environments
that can advance creativity and productivity to serve a roster of dynamic,
innovation-driven tenants that includes technology, entertainment, digital
media and health care companies. At December 31, 2013, the company’s
stabilized portfolio totaled 12.7 million square feet of office properties,
all located in the coastal regions of greater Seattle, the San Francisco Bay
Area, Los Angeles, Orange County, and San Diego. 40% of the company’s
properties were LEED certified and 53% were Energy Star certified. In
addition, KRC had approximately 2.5 million square feet of new office
development under construction with a total estimated investment of
approximately $1.5 billion. More information is available at
http://www.kilroyrealty.com.

Forward-Looking Statements. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance. Forward-looking
statements are inherently subject to uncertainties, risks, changes in
circumstances, trends and factors that are difficult to predict, many of which
are outside of our control. Accordingly, actual performance, results and
events may vary materially from those indicated in forward-looking statements,
and you should not rely on forward-looking statements as predictions of future
performance, results or events. Numerous factors could cause actual future
performance, results and events to differ materially from those indicated in
forward-looking statements, including, among others, risks associated with:
investment in real estate assets, which are illiquid; trends in the real
estate industry; significant competition, which may decrease the occupancy and
rental rates of properties; the ability to successfully complete acquisitions
and dispositions on announced terms; the ability to successfully operate
acquired properties; the availability of cash for distribution and debt
service and exposure of risk of default under debt obligations; adverse
changes to, or implementations of, applicable laws, regulations or
legislation; and the ability to successfully complete development and
redevelopment projects on schedule and within budgeted amounts. These factors
are not exhaustive. For a discussion of additional factors that could
materially adversely affect our business and financial performance, see the
factors included under the caption “Risk Factors” in our annual report on Form
10-K for the year ended December 31, 2012 and our other filings with the
Securities and Exchange Commission. All forward-looking statements are based
on information that was available, and speak only as of the date on which they
are made. We assume no obligation to update any forward-looking statement made
in this press release that becomes untrue because of subsequent events, new
information or otherwise, except to the extent required in connection with
ongoing requirements under U.S. securities laws.

Contact:

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President and Chief Financial Officer
310-481-8484
or
Michelle Ngo
Senior Vice President and Treasurer
310-481-8581
 
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