Kilroy Realty Corporation

Kilroy Realty Corporation (NYSE: KRC the "company"" ""Kilroy"") is a leading U.S. landlord and developer with operations in San Diego Greater Los Angeles the San Francisco Bay Area the Pacific Northwest and Austin Texas. The company has earned global recognition for sustainability building operations innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry the company's approach to modern business environments helps drive creativity and productivity for some of the world's leading technology entertainment life science and business services companies. The company is a publicly traded real estate investment trust (""REIT"") and member of the S&P MidCap 400 Index with more than seven decades of experience developing acquiring and managing office life science and mixed-use projects. As of March 31 2023 Kilroy's stabilized portfolio totaled approximately 16.2 million square feet of primarily office and life science space that was 89.6% occupied and 91.6% leased. The company also had more than 1000 residential units in Hollywood and San Diego which had a quarterly average occupancy of 93.4%. In addition the company had two in-process life science redevelopment projects with total estimated redevelopment costs of $80.0 million totaling approximately 100000 square feet and three in-process development projects with an estimated total investment of $1.7 billion totaling approximately 1.7 million square feet of office and life science space. The in-process development and redevelopment office and life science space is 34% leased."