During their mid trading day conference call, Kilroy Realy Corporation (NYSE:KRC) reported FFO guidance of $2.10-$2.30.

An average of 11 analysts had expected FFO of $2.23.  Shares slipped slightly as a result of the miss.  After the markets had closed yesterday, Kilroy reported FFO earnings of .39 which was a penny less than analysts had expected.  Kilroy executives also mentioned that tenants are pushing for lower rates and better quality.

Kilroy is a Real Estate Investment Trust (REIT) focused on the Southern California commercial real estate market.