Kilroy Realty Corporation Investor Presentation — June 2021

Document content

Corporate Data and Financial Highlights

Company Background 1

Financial Highlights 3

Net Income Available to Common Stockholders / FFO Guidance and Outlook 4

Consolidated Balance Sheets 6

Consolidated Statements of Operations 7

Funds From Operations and Funds Available for Distribution 8-9

Net Operating Income 10

Same Store Analysis 11

Stabilized Portfolio Occupancy Overview by Region 12-16

Information on Leases Commenced & Leases Executed 17

Stabilized Portfolio Capital Expenditures 18

Stabilized Portfolio Lease Expirations 19-21

Top Fifteen Tenants 22

2021 Dispositions 23

Consolidated Ventures (Noncontrolling Property Partnerships) 24

Stabilized Office Development Projects 25

In-Process Development 26

Future Development Pipeline 27

Debt and Capitalization Data

Capital Structure 28

Non-GAAP Supplemental Measures 31-33

Definitions & Reconciliations 34-37

This Supplemental Financial Report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, among other things, information

concerning lease expirations, debt maturities, potential investments, development and redevelopment activity, projected construction costs, dispositions and other forward-looking financial data. In some instances, forward-looking statements can be identified by the use of forward-looking

terminology such as “expect,” “future,” “will,” “would,” “pursue,” or “project” and variations of such words and similar expressions that do not relate to historical matters. Forward-looking statements are based on Kilroy Realty Corporation’s current expectations, beliefs and

assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of Kilroy Realty Corporation’s control. Accordingly,

actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future

performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: global market and general economic conditions and their effect on our liquidity and financial conditions and those of our tenants; adverse economic or