LOS ANGELES, Feb.8, 2000 (PRIMEZONE) -- Kilroy Realty Corporation (NYSE:KRC) announced today that its board of directors has declared a regular quarterly cash dividend of $0.45 per common share payable on April 17, 2000 to shareholders of record on March 31, 2000. The dividend is equivalent to an annual rate of $1.80 per share and is a 7.1% increase from the previous annualized dividend level of $1.68.
Kilroy Realty Corporation is a Southern California-based real estate investment trust active in the commercial office and industrial property sectors. The company has a 50-year history of owning, developing, acquiring and managing real estate assets in the coastal regions of California and Washington. Principal submarkets for the company's current development projects include Los Angeles, San Diego and Long Beach, where the company's total development program is over $500 million. At December 31, 1999, the company owned 6.1 million square feet of commercial office space and 6.5 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com.