KRCKILROY REALTY CORP
Real Estate Investment Trusts
- Revenue
- $19M
- 8.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $4.2B
- Employees
- 241
- $79K revenue each
- Net debt / EBITDA
- —
- $2.0B net debt
- AI in 10-K
- 0.9
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 2 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo1871243× net incomeCash flow under 80% of net income
- Dilutive SBCYes100% of revenueOver 10% of revenue
- Payouts exceed cash flowNo46% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$79K · 17th pctBottom quartile of its SIC industry
- Quiet on AINo0.9 per 10K words · 31st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo5.2× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$4.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$3M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6M | $11M | $12M | $18M | $19M | 8.9% |
| Net income | $659 | $259 | $238 | $233 | $303 | 30% |
| Operating cash flow | $516M | $592M | $603M | $541M | $566M | 4.7% |
| Stock-based comp | $34M | $28M | $37M | $18M | $19M | 7.8% |
| Dividends | $237M | $248M | $255M | $256M | $258M | 0.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $3M · 7
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 84 | 127 |
| FY2024 | — | — | 86 | 124 |
| FY2023 | — | — | 80 | 118 |
| FY2022 | — | — | 72 | 106 |
| FY2021 | — | — | 119 | 141 |