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 January 15, 2014 to stockholders of record on December 31, 2013. The dividend is equivalent to an annual rate of $1.40 per share.

The board of directors also declared a dividend of $0.4296875 per share on the company's 6.875% Series G Cumulative Redeemable Preferred Stock for the period commencing on and including November 15, 2013 up to and including February 17, 2014. The dividend will be payable on February 18, 2014 to Series G preferred stockholders of record on January 31, 2014.

The board of directors also declared a dividend of $0.3984375 per share on the company's 6.375% Series H Cumulative Redeemable Preferred Stock for the period commencing on and including November 15, 2013 up to and including February 17, 2014. The dividend will be payable on February 18, 2014 to Series H preferred stockholders of record on January 31, 2014.

About Kilroy Realty Corporation. Kilroy Realty Corporation, a member of the S&P MidCap 400 Index, is a real estate investment trust active in major West Coast office markets. For over 65 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and greater Seattle. At September 30, 2013, the company owned 12.5 million rentable square feet of commercial office space. More information is available at http://www.kilroyrealty.com.

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