Guidance ConcernsFY'25 FFO and SS NOI guidance were below expectations, which may concern investors.
Leasing Expiry RisksUnless there is a material pickup in leasing demand, KRC could face significant earnings headwinds in 2026 when more than 1.9M SF of leases expire.
Occupancy ChallengesThere was a sizable occupancy loss and weaker rent spreads, indicating challenges in operations.