5 Cheap REITs with Huge Upside

4. Kilroy Realty Corp. (NYSE:KRC)

Kilroy Realty Corp. (NYSE:KRC) is one of the 10 cheap REITs with huge upside.

On March 2, Scotiabank decreased the firm’s price target for Kilroy Realty Corp. (NYSE:KRC) from $42 to $37, leading to an adjusted upside potential of almost 30%. The firm maintained a Sector Perform rating on the stock.

Following the fourth quarter results, the firm updated its targets across the U.S. Real Estate & REIT segments. It believes that currently, the focus of real estate investment trusts should be to elevate development yields, which would create an impact on funds from operations per share in the near term. Scotiabank also has an inclination towards acquisitions, as they view these to offer a “better thematic story.”

On February 26, Kilroy Realty Corp. (NYSE:KRC) announced several leadership changes across its board and key committees. The company appointed Gary Stevenson as chair of the board, succeeding Edward Brennan, who has served as a board member since 2003 and held the chair position since 2024. Stevenson has been part of Kilroy’s board since 2014. As part of the transition, Brennan will take on the role of chair of the audit committee, while Jolie Hunt has been named chair of the executive compensation committee, overseeing executive pay and incentive programs.

Kilroy Realty Corp. (NYSE:KRC) is engaged in the development and management of office and mixed-use properties. Well-known for its sustainable and innovative approach, it ensures a productive environment for leading tech, media, and life science companies.