Kilroy Realty Corporation (NYSE:KRC) Q2 2023 Earnings Conference Call August 1, 2023 1:00 PM ET
Company Participants
William Hutcheson - Senior Vice President of Investor Relations and Capital Markets
John Kilroy - Chairman and Chief Executive Officer
Justin Smart - President
Robert Paratte - Executive Vice President and Chief Leasing Officer
Eliott Trencher - Executive Vice President, Chief Financial Officer and Chief Investment Officer
Conference Call Participants
Nicholas Yulico - Scotiabank
Steve Sakwa - Evercore ISI
Blaine Heck - Wells Fargo
Michael Griffin - Citi
Caitlin Burrows - Goldman Sachs
Vikram Malhotra - Mizuho
Dylan Burzinski - Green Street
Peter Abramowitz - Jefferies
Camille Bonnel - Bank of America
Operator
Hello, and welcome to the Kilroy Realty Corporation 2Q '23 Earnings Conference Call. My name is Elliot, and I'll be coordinating your call today. [Operator Instructions].
And I'd like to hand over to Bill Hutcheson, SVP of Investor Relations and Capital Markets. The floor is yours. Please go ahead.
William Hutcheson
Good morning, everyone. Thank you for joining us. On the call with me today are John Kilroy, Chairman and CEO; Justin Smart, our President; Rob Paratte, Chief Leasing Officer and Senior Advisor to the Chairman and Eliott Trencher, our CIO and CFO.
At the outset, I need to say that some of the information we will be discussing during this call is forward-looking in nature. Please refer to our supplemental package for a statement regarding the forward-looking information on this call and in the supplemental. The call is being telecast live on our website and will be available for replay for the next eight days, both by phone and over the Internet.
Our earnings release and supplemental package have been filed on a Form 8-K with the SEC, and both are also available on our website. John will start the call with our second quarter highlights. Justin will review our in process development pipeline, and Eliott will discuss our financial results and provide you with our updated guidance. Then we will be happy to take your questions. John?
John Kilroy
Thank you, Bill. Hello, everybody. Thanks for joining us today. As you saw in the press release we issued last night, we recently closed on a $375 million secured financing on a portion of our One Paseo campus in the Del Mar submarket of San Diego. The loan has an 11-year term. It bears interest at 5.9% on a fixed rate, interest-only basis.