- Kilroy Realty Corporation (KRC, Financial) has released its fourteenth Sustainability Report with new 2030 goals.
- Achieved carbon neutrality for five consecutive years and earned the ENERGY STAR Partner of the Year Award for the eleventh year running.
- Current development projects include 100,000 square feet in life sciences and 875,000 square feet in other constructions.
Kilroy Realty Corporation (KRC) has published its fourteenth annual Sustainability Report, unveiling a newly defined set of 2030 sustainability objectives targeting both environmental and social metrics. As a testament to its ongoing commitment to sustainability, the company has been recognized with numerous accolades, including the ENERGY STAR Partner of the Year Award for the eleventh consecutive year and the prestigious ENERGY STAR Sustained Excellence Award for nine years. Furthermore, Kilroy has maintained carbon-neutral operations for five consecutive years.
Additionally, Kilroy Realty has earned a five-star rating in the 2024 GRESB Real Estate Assessment for its standing assets and development portfolio, further solidifying its reputation as a leader in sustainability. Its stabilized portfolio stands at approximately 17.1 million square feet of primarily office and life science spaces with occupancy and lease rates at 82.8% and 84.9%, respectively. The company also manages a significant residential portfolio of 1,000 units, achieving a 92.2% quarterly average occupancy.
The company's current development pipeline includes two life science redevelopment projects totaling 100,000 square feet, with an estimated cost of $80.0 million. In addition, an 875,000 square-foot construction project is underway, necessitating an estimated investment of $1.0 billion. Kilroy's strategic operations span major U.S. regions, including San Diego, Los Angeles, the San Francisco Bay Area, Seattle, and Austin, as it continues to drive innovation and sustainability in the real estate industry.
