Kilroy Realty: AI Tailwinds And High Yield Create An Attractive Setup

Kilroy Realty remains a compelling Buy, offering a 6.3% yield and trading at 10x forward P/FFO, well below its historical average. KRC's leasing momentum is accelerating, fueled by robust AI-driven demand and a strong pipeline of signed but not yet commenced leases. Occupancy recovery is visible, with management raising full-year guidance and KOP 2's life science space outperforming the broader market.