Quarterly Earnings

The company’s operating results for the quarter were $117.2 million in funds from operations (FFO), or 97 cents per share, below the consensus estimate of 98 cents. Revenue totaled $272.2 million, beating the $270.6 million forecast. For the full year, KRC posted $505.9 million in FFO and $1.11 billion in revenue. EPS for the quarter was $0.97 versus a 5 % year‑over‑year decline in revenue, while net earnings per share (diluted) were $0.10 against an estimate of $0.28. Rental income declined 4 % and other property income fell 12 % year‑over‑year.