Kilroy Realty included in Bloomberg’s Gender Equality Index for third consecutive year
LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) today announced that it is one of 418 companies across 45 countries and regions included in the 2022 Bloomberg Gender Equality Index (GEI). The index is a modified market capitalization-weighted list that aims to track the performance of public companies committed to transparency in gender reporting and measures gender equality across five pillars:
Female leadership and talent pool
Equal pay and gender pay parity
Anti-Sexual Harassment Policies
“We are honored to be recognized again in Bloomberg’s Gender Equality Index as we continue to focus on promoting a fair workplace for our team and our expanding portfolio,” said Heidi Roth, Executive Vice President and Chief Administrative Officer of Kilroy. “As we have continued to grow, it has been a top priority to continuously develop and refine our policies and programs, ensuring that all of our employees receive equal opportunity and treatment across the organization.”
The Bloomberg survey rates companies on their female leadership and talent pool. As of December 31, 2021, Kilroy’s overall workforce was 57% female, with women accounting for over 50% of new hires in 2021. The company offers generous paid parental leave for all, a leave coaching program parenting, adoption assistance, contraception and fertility. services and flexible working hours. Additionally, Kilroy is constantly looking for new and better ways to foster a diverse and inclusive work environment, including requiring unconscious bias training for all employees.
“We are proud to recognize Kilroy and the other 417 companies included in the 2022 GEI for their commitment to transparency and setting a new standard in gender-related data reporting,” said Peter T. Grauer, Chairman of Bloomberg and Founding President of the United States. Club 30%. “Even though the threshold for inclusion in the GEI has increased, the list of members continues to grow. more opportunities for diverse talent to succeed in their organizations.
About Kilroy Realty Corporation
Kilroy Realty Corporation (NYSE: KRC, the “Company”, “Kilroy”) is a major United States landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Pacific Northwest and Austin, Texas. The company has gained global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in creating a more sustainable real estate industry, the company’s approach to modern business environments helps fuel the creativity and productivity of some of the world’s leading technology, entertainment, life sciences and business services.
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, science and of life and mixed use.
As of September 30, 2021, Kilroy’s stabilized portfolio totaled approximately 15.2 million square feet of office and life sciences space, 91.5% occupied and 93.9% leased. The company also owned more than 1,000 residential units in Hollywood and San Diego, which had an average quarterly occupancy rate of 79.9%. Additionally, the company had six development projects underway with an estimated total investment of $2.6 billion, totaling approximately 3.0 million square feet of office and life sciences space.
A leader in sustainability and commitment to corporate social responsibility
The company is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. The company’s stabilized portfolio was 78% LEED certified, 44% Fitwel certified and 72% of eligible properties were ENERGY STAR certified as of September 30, 2021.
The company has been recognized by GRESB as the listed sustainability leader in the Americas for eight of the past nine years. Other honors include the Leader in the Light award from the National Association of Real Estate Investment Trust (NAREIT) for eight consecutive years and ENERGY STAR Partner of the Year for eight years, as well as the highest ENERGY STAR honor for enduring excellence over the past six years. .
A big part of the company’s foundation is its commitment to improving employee growth, satisfaction and well-being while maintaining a diverse and thriving culture. For the third consecutive year, the company has been named to Bloomberg’s Gender Equality Index, which recognizes companies committed to supporting gender equality through policy development, representation and transparency.
More information is available at http://www.kilroyrealty.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changing circumstances, trends and factors that are difficult to predict, many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated or implied by the forward-looking statements, and you should not rely on any forward-looking statements as predictions of future performance, results or events. Many factors could cause actual performance, results and future events to differ materially from those set forth in the forward-looking statements, including, but not limited to: global market and general economic conditions and their effect on our liquidity and our financial conditions and those of our tenants; adverse economic or real estate conditions generally, and more specifically, in the States of California, Texas and Washington; risks associated with our investments in real estate assets, which are illiquid, and trends in the real estate industry; default or non-renewal of leases by tenants; any significant decline in tenant business; our ability to re-let properties at or above current market rates; costs to comply with government regulations, including environmental remediation; the availability of cash for debt distribution and service and exposure to the risk of default in respect of debt securities; increases in interest rates and our ability to manage interest rate exposure; the availability of financing on attractive terms or not at all, which could adversely impact our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and refinance existing debt; a decline in valuations of real estate assets, which may limit our ability to dispose of assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which may drive down occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and divestitures on announced terms; the ability to successfully operate acquired, developed and redeveloped properties; ability to complete development and redevelopment projects on time and within budgeted amounts; delays or denials in obtaining all zoning, land use and other required rights, permits and government approvals necessary for our development and redevelopment properties; anticipated increases in capital expenditures, leasehold improvements and/or rental costs; failure to pay leases for land on which some of our properties are located; adverse changes, enactment or implementation of tax laws or other applicable laws, regulations or legislation, as well as business and consumer reactions to such changes; risks associated with joint venture investments, including our lack of exclusive decision-making authority, our reliance on the financial condition of joint venturers, and disputes between us and our joint venturers; environmental uncertainties and risks related to natural disasters; our ability to retain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic, and the restrictions intended to prevent its spread, on our business and the economy generally. These factors are not exhaustive and other factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31. 2020 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the dates on which they are made. We undertake no obligation to update any forward-looking statement made in this press release that becomes untrue as a result of subsequent events, new information or otherwise, except to the extent we are required to do so under our ongoing requirements under federal securities laws.