LOS ANGELES, Sep 15, 2009 (BUSINESS WIRE) ----Kilroy Realty Corporation (NYSE: KRC) announced today that its board of directors declared a regular quarterly cash dividend of $0.35 per common share payable on October 16, 2009 to stockholders of record on September 30, 2009. The dividend is equivalent to an annual rate of $1.40 per share.

The board of directors also declared a dividend of $0.4875 per share on the company's 7.80% Series E Cumulative Redeemable Preferred Stock for the period commencing on and including August 15, 2009 and ending on and including November 14, 2009. The dividend will be payable on November 16, 2009 to Series E preferred stockholders of record on October 30, 2009.

The board of directors also declared a dividend of $0.46875 per share on the company's 7.50% Series F Cumulative Redeemable Preferred Stock for the period commencing on and including August 15, 2009 and ending on and including November 14, 2009. The dividend will be payable on November 16, 2009 to Series F preferred stockholders of record on October 30, 2009.

Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a Southern California-based real estate investment trust active in the office and industrial property sectors. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange and San Diego counties. At June 30, 2009, the company owned 8.7 million rentable square feet of commercial office space and 3.7 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.

SOURCE: Kilroy Realty Corporation

   Kilroy Realty Corporation 
   Tyler H. Rose 
   Senior Vice President 
   and Treasurer 
   310-481-8484
   

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