Kilroy Realty Announces Tax Treatment of 2014 Dividend Distributions

Kilroy Realty Corporation (NYSE: KRC) announced today the tax treatment of its 2014 dividend distributions. The company's total dividend distributions per share of common stock (CUSIP #49427F108) are to be classified for income tax purposes as follows:

Record
Date

Payable
Date

Total
Distribution
per Share

2014
Taxable
Ordinary
Dividend

2014
Total
Qualified
Dividend (1)

2014
Total Capital
Gain
Distribution

2014
Unrecaptured
Section 1250
Gain (2)

2014
Return of
Capital

12/31/2013 1/15/2014 $.3500000 $.2499743 $.0004681 $.0006231 - $.0994026
3/31/2014 4/16/2014 .3500000 .2499743 .0004681 .0006231 - .0994026
6/30/2014 7/16/2014 .3500000 .2499743 .0004681 .0006231 - .0994026
9/30/2014 10/15/2014 .3500000 .2499743 .0004681 .0006231 - .0994026

(1) Total Qualified Dividend is a subset of, and is included in, the Taxable Ordinary Dividend amount.

(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

The dividend distributions made to holders of record as of December 31, 2014 and paid on January 14, 2015 are considered 2015 dividend distributions for federal income tax purposes.

The company's total dividend distributions per share of Series G cumulative redeemable perpetual preferred stock (CUSIP #49427F702) are to be classified for income tax purposes as follows:

Record
Date

Payable
Date

Total
Distribution
per Share

2014
Taxable
Ordinary
Dividend

2014
Total
Qualified
Dividend (1)

2014
Total Capital
Gain
Distribution

2014
Unrecaptured
Section 1250
Gain (2)

2014
Return of
Capital

1/31/2014 2/18/2014 $.4296875 $.4286191 $.0008026 $.0010684 - -
4/30/2014 5/15/2014 .4296875 .4286191 .0008026 .0010684 - -
7/31/2014 8/15/2014 .4296875 .4286191 .0008026 .0010684 - -
10/31/2014 11/17/2014 . 4296875 .4286191 .0008026 .0010684 - -

(1) Total Qualified Dividend is a subset of, and is included in, the Taxable Ordinary Dividend amount.

(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

The company's total dividend distributions per share of Series H cumulative redeemable perpetual preferred stock (CUSIP #49427F801) are to be classified for income tax purposes as follows:

Record
Date

Payable
Date

Total
Distribution
per Share

2014
Taxable
Ordinary
Dividend

2014
Total
Qualified
Dividend (1)

2014
Total Capital
Gain
Distribution

2014
Unrecaptured
Section 1250
Gain (2)

2014
Return of
Capital

1/31/2014 2/18/2014 $.3984375 $.3974468 $.0007443 $.0009907 - -
4/30/2014 5/15/2014 .3984375 .3974468 .0007443 .0009907 - -
7/31/2014 8/15/2014 .3984375 .3974468 .0007443 .0009907 - -
10/31/2014 11/17/2014 .3984375 .3974468 .0007443 .0009907 - -

(1) Total Qualified Dividend is a subset of, and is included in, the Taxable Ordinary Dividend amount.

(2) Unrecaptured Section 1250 Gain is a subset of, and is included in, the Total Capital Gain Distribution amount.

Stockholders are encouraged to consult with their tax advisors as to their specific tax treatment for Kilroy Realty Corporation common and preferred distributions.

About Kilroy Realty Corporation. With more than 65 years’ experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation, a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region’s premier landlords. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

At September 30, 2014, the company’s stabilized portfolio totaled 13.5 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego. The company is recognized by the Global Real Estate Sustainability Benchmark (GRESB) as the North American leader in sustainability and was ranked first among 151 North American participants across all asset types. At the end of the third quarter, the company’s properties were 41% LEED certified and 59% of the eligible properties were ENERGY STAR certified. In addition, KRC had approximately 2.0 million square feet of new office development under construction with a total estimated investment of approximately $1.2 billion. More information is available at http://www.kilroyrealty.com.

Contacts:

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President
and Chief Financial Officer
(310) 481-8484
or
Michelle Ngo
Senior Vice President
and Treasurer
(310) 481-8581

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