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01/26/2010
KRC $30

Kilroy Realty KRC 4Q 2009 FFO $0.35 (adjusted) v $0.73 (restated) DOWN (52%)
KRC 2009 FFO $2.48 (adjusted) v $3.26 DOWN (24%)

KRC previously reported 3Q 2008 FFO $0.78 per share
KRC previously reported 2008 FFO $3.42 per share

KRC 4Q 2009 occupancy 82.8%

KRC results for 4Q 2009 impacted by high unemployment in southern CA

KRC to provide management comments on 4Q 2009 during conference call at 2:00 PM on Tuesday, January 26, 2010

KRC an Office REIT with a portfolio of office properties in southern CA

KRC we rank 5 SELL

KRC market cap $1.2 billion

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