2026 Guidance

Looking ahead, management reiterated a full‑year FFO guidance of $3.25–$3.45 per diluted share for 2026, with a midpoint of $3.35. Occupancy is expected to average 76–78 % as KOP 2 stabilises; excluding KOP 2, occupancy is projected at 80–81.5 %. Same‑property NOI growth excluding KOP 2 is forecast to be flat to negative 1.5 %. The company plans approximately $325 million of operating dispositions in 2026, including the $125 million sale of Kilroy Sabre Springs. Management remains optimistic about leasing velocity and market recovery, citing a robust forward pipeline and portfolio repositioning.