SCHEDULE: Cohen & Steers Boosts Kilroy Realty Stake

Cohen & Steers, Inc. and its affiliates have disclosed a significant beneficial ownership stake of 14.29% in Kilroy Realty Corp common stock.

Summary

• Cohen & Steers, Inc. and its affiliates have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Kilroy Realty Corp common stock.
• As of June 30, 2025, Cohen & Steers, Inc. beneficially owns 16,901,114 shares, representing 14.29% of the class, with sole voting power over 11,671,080 shares and sole dispositive power over 16,901,114 shares.
• Cohen & Steers Capital Management, Inc. beneficially owns 16,677,778 shares, representing 14.1% of the class, with sole voting power over 11,565,318 shares and sole dispositive power over 16,677,778 shares.
• Cohen & Steers UK Ltd beneficially owns 210,481 shares, representing 0.18% of the class, with sole voting power over 92,907 shares and sole dispositive power over 210,481 shares.
• Cohen & Steers Ireland Limited beneficially owns 12,855 shares, representing 0.01% of the class, with sole voting power over 12,855 shares and sole dispositive power over 12,855 shares.
• Cohen & Steers Asia Limited reported 0 shares beneficially owned.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Kilroy Realty Corp.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership, indicating a passive investment by a large institutional investor. It does not contain positive or negative operational or financial news about the issuer.

Positives

• A major institutional investor, Cohen & Steers, maintains a significant stake in Kilroy Realty Corp, indicating continued confidence in the company.
• The filing explicitly states that the shares are held in the ordinary course of business and not for control purposes, suggesting a passive investment strategy.

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
• To the best of my knowledge and belief, the foreign regulatory scheme applicable to Corporation is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s).

Industry Context

This Schedule 13G filing indicates a significant passive investment by a specialized real estate investment manager, Cohen & Steers, in Kilroy Realty Corp, a real estate investment trust (REIT). Such filings are common for institutional investors who hold more than 5% of a company's stock but do not intend to influence or change control, providing transparency on major ownership stakes within the REIT sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, potentially signaling confidence from a major investor.
• Management: Awareness of a large, passive institutional holder, which typically aligns with long-term value creation.

Key Dates

Keywords

Kilroy Realty Corp, Cohen & Steers, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Real Estate Investment Trust, REIT