Kilroy Realty Corporation Investor Presentation — June 2021

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KILROY REALTY | 1

KILROY REALTY | 2

03 Company ImpactAGENDAIndeed Tower (Austin, TX)KILROY REALTY | 3➢Sold the Exchange in March

➢Using proceeds to expand into Austin, Texas

with off -market acquisition of Indeed Tower

➢Austin has the same characteristics as KRC’s

➢Indeed Tower is the best -in-class property with

Indeed Tower // Austin, TX

SUMMARYIndeed Tower (Austin, TX)

3KILROY REALTY | 4WHY AUSTIN?KILROY REALTY | 5

DEMOGRAPHICWHY AUSTIN?

FUNDAMENTALSSUBSTANTIAL TENANT

OVERLAPABILITY TO SCALESimilar investment profile to KRC’s existing West Coast markets -

Poised for meaningful growth

(Behind only SF, SEA & NY)

population•Historical rental rates

grew ~50% over last 10

•Urban, amenity rich,

provides natural barriers

•~8M SF of demand with

over 250 tenants in the

market(3)•Over 80% of KRC’s

presence in Austin(1)•KRC will be 5thlargest

(1) Based on KRC’s top 15 tenant list based on annualized base revenues as of March 31, 2021 and pro forma for leased projects un derconstruction.

(2) CBRE Econometric Advisors. Reflects historical overall market asking rents for Austin.

(3) JLL as of 03/31/2021.KILROY REALTY | 6STRONG

➢#2 in millennials population (1)

➢Highly educated population

•~46% of residents have bachelor’s degree or higher (2)

➢Continued in -migration of educated workforce

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