Kilroy Realty Corporation

KRCNYSEReal Estate● Active

$38.16

+$1.13(+3.04%)

Market Cap$4.4B

P/E Ratio—

52W High$45.03

52W Low$27.36

Avg Volume2.0M

Open$37.72

Beta1.16

Free Cash Flow Financials Revenue

Kilroy Realty Corporation (KRC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KRC · free cash flow · updated Jun 8, 2026

Core FCF metrics

KRC · FCF · TTM · margin & CAGR

Free cash flow was −$121.7M for FY2025 (fiscal year ending 2025-12-31), down 402.8% year-over-year The FCF margin was -10.9%.

FY2025 Free Cash Flow−$121.7M▼ -402.8% YoY

Trailing 12M (TTM)−$35.4Mtrailing 4 quarters sum

FCF Margin-10.9%−$121.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KRC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$566.3M(688M)−$121.7M▼ 402.8%-10.9%

FY2024$541.1M(501M)$40.2M▼ 31.6%3.5%

FY2023$602.6M(544M)$58.8M▲ +944.6%5.2%

FY2022$592.2M(587M)$5.6M▲ +100.4%0.5%

FY2021$516.4M(1.80B)−$1.28B▼ 698.5%-134.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KRC · P/FCF · FCF yield · FCF per share

Kilroy Realty Corporation (KRC) reported negative free cash flow of −$0.12B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KRC · cash flow statement · operating / investing / financing

For FY2025, Kilroy Realty Corporation generated $566.3M in operating cash flow and spent 688M in capital expenditures, yielding −$121.7M in free cash flow.

Operating Activities

+$566.3M

Cash from core business operations

2025-12-31

Investing Activities

−$240.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$312.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($566.3M) − |CapEx| (688M) = FCF (−$121.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

KRC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Kilroy Realty CorporationYOU

KRC

−$121.7M-402.8%-10.9%

Loss

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Kilroy Realty Corporation (KRC) reported free cash flow of −$121.7M for FY2025 (fiscal year ending 2025-12-31), down 402.8% year-over-year. The FCF margin was -10.9%.

Based on available data, Kilroy Realty Corporation has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $58.8M in FY2023.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KRC free cash flow · 8 questions

Kilroy Realty Corporation free cash flow was −$121.7M for FY2025, down 402.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$35.4M.

KRC free cash flowKRC FCFKRC FCF 2025KRC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Kilroy Realty Corporation · Kilroy Realty Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026