Kilroy Realty Corporation Investor Presentation — June 2022

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KILROY REALTY | 0

KOP 2 / South San FranciscoKILROY

June 7 -8, 2022KILROY REALTY | 1

01 Platform Highlights

02 Market Observations

03 Value Creation Through Capital Allocation

04 Strong Financial Position

333 Dexter | Seattle, WAKILROY REALTY | 2PLATFORM HIGHLIGHTSKILROY REALTY | 3PLATFORM HIGHLIGHTS

A Premier, Publicly Traded Developer, Owner, and Manager of Class A

Properties on the West Coast and Austin, TX

Residential UnitsS&P MidCap 400

Dividend Yield(2)Baa2 / BBB

Investment GradeIndeed Tower | Austin, TX

(1) Based on Current Guidance

(2) Market data as of 5/31/22.KILROY REALTY | 4PLATFORM HIGHLIGHTS

Uniquely Positioned For Offense & Defense

$165M of NOI coming online in ~30 months

~45% of development pipeline comprised of life

5.9x net debt to EBITDA (2)

~7-year average duration with no maturities until

~6.0-year WALT and ~48% rent from top 15 tenants

Dividend security (FAD payout ratio of 67% in 2021)~93% leased / ~14% YoY FFO growth (1)

Leader in quality and pioneer in sustainability

Proven capital recycling track record

Differentiated sourcing capabilities

$1.1B revolver capacity plus ~$175M in cash

PipelineBest in Class

LiquidityStrategic Capital

AllocatorStrong Balance

(1) YoY metric adjusted for non -recurring items and based on 2022E guidance.

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