Kilroy Realty (NYSE:KRC – Get Free Report) and Piedmont Realty Trust (NYSE:PDM – Get Free Report) are both real estate companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, risk, analyst recommendations, valuation, dividends and profitability.
Institutional and Insider Ownership
94.2% of Kilroy Realty shares are held by institutional investors. Comparatively, 84.5% of Piedmont Realty Trust shares are held by institutional investors. 0.8% of Kilroy Realty shares are held by insiders. Comparatively, 1.2% of Piedmont Realty Trust shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Analyst Ratings
This is a summary of current ratings and price targets for Kilroy Realty and Piedmont Realty Trust, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Kilroy Realty | 2 | 9 | 5 | 0 | 2.19 |
| Piedmont Realty Trust | 1 | 1 | 1 | 0 | 2.00 |
Profitability
This table compares Kilroy Realty and Piedmont Realty Trust’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Kilroy Realty | 15.47% | 3.04% | 1.56% |
| Piedmont Realty Trust | -14.18% | -5.39% | -2.00% |
Risk and Volatility
Kilroy Realty has a beta of 1.11, meaning that its share price is 11% more volatile than the S&P 500. Comparatively, Piedmont Realty Trust has a beta of 1.36, meaning that its share price is 36% more volatile than the S&P 500.
Valuation & Earnings
This table compares Kilroy Realty and Piedmont Realty Trust”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Kilroy Realty | $1.09 billion | 3.88 | $276.12 million | $1.42 | 25.68 |
| Piedmont Realty Trust | $564.99 million | 2.15 | -$83.62 million | ($0.65) | -14.93 |
Kilroy Realty has higher revenue and earnings than Piedmont Realty Trust. Piedmont Realty Trust is trading at a lower price-to-earnings ratio than Kilroy Realty, indicating that it is currently the more affordable of the two stocks.
Summary
Kilroy Realty beats Piedmont Realty Trust on 12 of the 14 factors compared between the two stocks.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design. As a pioneer and innovator in the creation of a more sustainable real estate industry, the company's approach to modern business environments helps drive creativity and productivity for some of the world's leading technology, entertainment, life science and business services companies. The company is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office, life science and mixed-use projects. As of December 31, 2023, Kilroy's stabilized portfolio totaled approximately 17.0 million square feet of primarily office and life science space that was 85.0% occupied and 86.4% leased. The company also had approximately 1,000 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 92.5%. In addition, the company had two in-process life science redevelopment projects totaling approximately 100,000 square feet with total estimated redevelopment costs of $80.0 million and one approximately 875,000 square foot in-process development project with a total estimated investment of $1.0 billion.
About Piedmont Realty Trust
Piedmont Office Realty Trust, Inc. (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's. The Company was designated an Energy Star Partner of the Year for 2021, 2022 and 2023, and it was the only office REIT headquartered in the Southeast to receive those designations. Approximately 85% of the Company's square footage is Energy Star certified and nearly 70% is LEED certified. Piedmont is headquartered in Atlanta, GA.
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