Kilroy Realty (KRC) reported Q1 funds from operations late Monday of $1.02 per diluted share, down from $1.11 a year earlier.
Analysts polled by FactSet expected $1.02.
Revenue in the three months ended March 31 fell to $270.8 million from $278.6 million a year earlier.
Analysts surveyed by FactSet expected $274.7 million.
The company affirmed the 2025 Nareit funds from operations outlook of $3.85 to $4.05 a share. Analysts polled by FactSet expect $4.01.
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