The Discounted Cash Flow (DCF) valuation of Kilroy Realty Corp (KRC) is 5.93 USD. With the latest stock price at 34.55 USD, the upside of Kilroy Realty Corp based on DCF is -82.8%.

Is KRC a buy or a sell?

Based on the latest price of 34.55 USD and our DCF valuation, Kilroy Realty Corp (KRC) is a sell. Selling KRC stocks now will result in a potential gain of 82.8%.

	Range	Selected
WACC / Discount Rate	5.3% - 7.8%	6.5%
Long-term Growth Rate	3.0% - 5.0%	4.0%
Fair Price	(5.34) - 191.15	5.93
Upside	-115.5% - 453.3%	-82.8%

34.55 USD

Stock Price

5.93 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

KRC DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	1,136	1,104	1,126	1,224	1,281	1,361
% Growth	1%	-3%	2%	9%	5%	6%

Cost of goods sold	(364)	(336)	(326)	(336)	(335)	(338)
% of Revenue	32%	30%	29%	27%	26%	25%

Selling, G&A expenses	(81)	(79)	(80)	(87)	(91)	(97)
% of Revenue	7%	7%	7%	7%	7%	7%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(458)	(445)	(454)	(493)	(516)	(549)
% of Revenue	40%	40%	40%	40%	40%	40%

Tax expense	0	(66)	(72)	(83)	(92)	(102)
Tax rate	0%	27%	27%	27%	27%	27%

Net profit	233	178	194	224	248	276
% Margin	21%	16%	17%	18%	19%	20%