NYSE: KRC · Office REITs
Kilroy Realty (KRC) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Kilroy Realty (KRC) at $27.65 a share. The stock last closed at $36.03, which puts the model's fair value 23.3% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 3 Nov 2026. Kilroy Realty Corporation.
The report adds the live price, the chart against the range the options market prices and the next earnings date. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 held the fair value at $27.65, within 1% of the run of 24 Oct 2026.
What the model makes of itThe price of $36.03 is 23.3% above it: Overvalued, on a high evidence grade.
What's nextNext report on 1 Feb 2027. Options prices imply a move of about 9% either way over the next month. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give KRC?
The calibrated range for KRC over 63 trading days is $32.69 to $40.61. It sits around the last close, and its width comes from the volatility that KRC's own options imply (33% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own range is $25.58 to $29.78.
Faircurve Insights · 31 Oct 2026
Kilroy Realty Corporation (NYSE: KRC) is a distinguished real estate investment trust (REIT) and a leading developer on the West Coast of the United States. It is valued in the Office REITs group of the Real Estate sector.
Faircurve's model put the fair value at $27.65 a share on 31 Oct 2026. The previous run, on 24 Oct 2026, gave $27.89, so the fair value moved -0.9%. The fair value blends a cash-flow multiple against comparable companies, a dividend model and the value of the properties. The calibrated range over 63 trading days is $32.69 to $40.61. Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence High. For REITs, that grade looks at the dividend record: at least three years of paid dividends with no cut. It does not say whether the fair value is right.
The facts sheet holds no quality score for the company, so this note cannot compare its quality with peers. The model compares it with COPT Defense Properties (CDP), Cousins Properties Incorporated (CUZ), Highwoods Properties, Inc. (HIW), Vornado Realty Trust (VNO), BXP, Inc. (BXP) and Douglas Emmett, Inc. (DEI), each with a fair value of its own on the site. SL Green Realty Corp. (SLG) and Alexandria Real Estate Equities, Inc. (ARE) are also compared, but they have no verdict on this date.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does KRC report earnings, and how has the stock reacted?
Kilroy Realty's next earnings report is scheduled for 1 Feb 2027. Companies can move their dates.
Options prices on 4 Nov 2026 imply a move of about 4.5% in either direction through the nearest expiry, about 15 days out. That is the size the market is pricing, not a direction. KRC's 30 day implied volatility works out to about 9.5% over one month.
On 4 Nov 2026 KRC moved 5.0% in one session, against the 2.1% a day that options had priced: 2.4 times the implied size.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across KRC's last 8 reports, ignoring direction, was 3.7%.
How does KRC compare with similar companies?
The companies in office reits closest to Kilroy Realty in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| CDP COPT Defense Properties | $33.03 | $19.80 | -40.1% | Overvalued |
| CUZ Cousins Properties Incorporated | $29.24 | $20.92 | -28.5% | Overvalued |
| SLG SL Green Realty Corp. | $49.37 | $19.00 | -61.5% | Gap wider than 60% |
| HIW Highwoods Properties, Inc. | $30.81 | $29.30 | -4.9% | Fairly valued |
| VNO Vornado Realty Trust | $33.87 | $17.12 | -49.5% | Overvalued |
| ARE Alexandria Real Estate Equities, Inc. | $42.28 | $35.36 | -16.4% | Low evidence grade |
| BXP BXP, Inc. | $62.63 | $47.45 | -24.2% | Overvalued |
| DEI Douglas Emmett, Inc. | $9.85 | $13.60 | +38.1% | Undervalued |
Kilroy Realty at a glance
Kilroy Realty Corporation (NYSE: KRC) is a distinguished real estate investment trust (REIT) and a leading developer on the West Coast of the United States.
- Market value
- $4.2B
- Sector
- Real Estate
- Industry
- Office REITs
- Beta to the US market
- 0.39
- First valued by Faircurve
- 11 Jul 2026
At the close of 3 Nov 2026, 52.1% of the 1,081 graded US stocks the model covers traded below the model's fair value. KRC was not among them.
How the fair value is worked out: the model values Kilroy Realty three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for KRC was $27.89. As of 31 Oct 2026 it is $27.65, a change of -0.9%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Kilroy Realty's valuation
Is Kilroy Realty stock undervalued or overvalued?
On Faircurve's model, KRC reads as Overvalued as of 31 Oct 2026. The model's fair value is $27.65 a share against a last close of $36.03, a gap of -23.3%.
What is KRC's fair value?
$27.65 a share as of 31 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $25.58 to $29.78.
What price range does the model give KRC?
$32.69 to $40.61 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does Kilroy Realty report earnings next?
The next report is scheduled for 1 Feb 2027. Companies can move their dates.
How much has KRC moved on past earnings reports?
Across its last 8 reports the median two session move was 3.7%, ignoring direction. The largest was +8.2% around the report of 22 Oct 2026.
How confident is the model in this valuation?
The model's evidence grade for KRC is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on KRC
The model holds no idea open on KRC today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on KRC with their outcomes. A free account is enough.