Kilroy Realty Corp is a publicly traded real estate investment trust (REIT) that focuses on the ownership, operation, and development of properties in dynamic coastal markets in the United States, particularly in California
The company primarily invests in high-quality office, life science, and mixed-use properties, targeting areas with robust demand driven by technology and life sciences sectors. Kilroy is known for its commitment to sustainability and innovation, creating modern workspaces that cater to the evolving needs of tenants, while also enhancing community engagement and environmental responsibility. Through its strategic acquisitions and developments, the company seeks to deliver long-term value to its shareholders.
Distressed investors are targeting US commercial real estate deals as a result of plummeting office values due to the pandemic. Private equity firms have earmarked 64% of funds for this sector.
Companies Reporting Before The Bell • NAPCO Security Techs (NASDAQNSSC) is estimated to report quarterly earnings at $0.26 per share on revenue of $43.92 million.
Another day of losses shook up Wednesday’s stock trading session on Wall Street. All major U.S. stock indices in the red, as investors expressed concerns that the Federal Reserve is not in a rush to reduce interest rates early this year.
Economists predict a marginal decrease in the annual CPI inflation rate from October's 3.2% to 3.1%. Core CPI rate is expected to hold steady at 4%. Sector-specific ETFs experienced notable changes with TAN, KRE, XLRE, ARKK and GDX leading the pack.
REITs have not joined in the somewhat bumpy bull market that started a year ago. The problem for REITs has been the Federal Reserve’s continued interest rate increase.
