Kilroy Realty Corporation (NYSE:KRC) Q3 2023 Results Conference Call October 26, 2023 1:00 PM ET

Company Participants

Bill Hutcheson - SVP, IR & Capital Markets

John Kilroy - Chairman, CEO

Justin Smart - President

Rob Paratte - Chief Leasing Officer

Eliott Trencher - CIO, CFO

Conference Call Participants

Blaine Heck - Wells Fargo

Caitlin Burrows - Goldman Sachs

Dylan Burzinski - Green Street

Camille Bonnel - Bank of America

John Kim - BMO

Michael Griffin - Citi

Nick Yulico - Scotiabank

Peter Abramowitz - Jefferies

Upal Rana - KeyBanc

Jay Poskitt - Evercore

Vikram Malhotra - Mizuho

Operator

Good afternoon. Thank you for attending the KRC 3Q '23 Earnings Conference Call. My name is Victoria, and I'll be your moderator today. [Operator Instructions].

I would now like to pass the call over to your host, Bill Hutcheson, SVP Investor Relations and Capital Markets with KRC. Thank you. You may proceed, Bill.

Bill Hutcheson

Thank you, Victoria. Good morning, everyone. Thanks 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 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.

Our call is being telecast live on our website and will be available for replay for the next 8 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 available on our website.

John will start the call with our third quarter highlights. Justin will review our in-process development pipeline. And Eliott will discuss our financial results and provide you with updated guidance. Then we'll be happy to take your questions.

John?

John Kilroy

Thanks, Bill. Hello, everybody, and thank you for joining us today. Over the last several months, we have seen long-term outlook for office business improve. More companies are committing to and enforcing in-person work. As a result of higher physical occupancy levels, increased foot traffic and commuter activity, studies are heading towards recovery. For example, New York City has been a leader in this regard as large corporations assisted their employees return to the office. This is not only positively impacted physical occupancy levels, but has also restored a sense of urgency and vibrancy back to the city, and I should say, energy and vibrancy.