KRC Shareholder/Stockholder Letter Transcript:
012345637346
64809232467154
8
71
48
2
6
6
2
1
5 8
# 79"
9 14$ !"
71107&94'
% 783
( 93'09607133 64832 1 ( 9 #)$ 3 464809232464 8 71 4
* +, - ./+ *+ )+)5+-+01+*(
9
2324783
194' 93'096
2 439716
8 71
( 07133 64832 1 ( 9 #)$ 3 46480923246
* + * 3+* ),* 0
8 00 , .+ 401+* ! 56 #" .* /9+ . /8 *3 * $
8 00 , .+ 401+* ! #" .* /9+ . / & ' $
"2&9 7947&378 9' 9732 1
"2&9 7947&37 & '
#48 - 0+ ,*+ * 3+- , +) - * +*$
" .* /9+ . /8 *3 *
" .* /9+ . / & '
! 9 5
5+. < *+
! 5 59
#6 + * +*:4* ) - , - *3 * * * ; $ #2 9 6 403. /+*2)+ , - 1 $
#6 + * +*:4* ) - , - *3 * * * ; $ #2 9 6 403. /+*2)+ , - 1 $
./03 -=
4.+> *) 64 + & 7 +.+ 8 . , * 5
#7))*+ ,3* - 3 .+8+-4 >+ ,, -+ $#? 38 )+$
#( $ 9!9
#9+ * @ +.+3 + 401+* -.4) *+ - )+$
9+ *
6+-4* + *+ +*+)34* 4 6+- #1$ , +7- A
" .* /9+ . /8 *3 *
3 .+ ,+ - -.
1 0+ ,+ -* +
+ 8 -+ * + ) + < - 3 -B+*6/01 .
8 00 6 -B C 3 *> .4+ 1+<7 *B6 -B48- + "98
6+-4* + *+ +*+)34* 4 6+- # $ , +7- A
9+ *
" .* /9+ . / & '
3 .+ ,+ - -.
8 00 0 9+3*+ + & 0 +)' * +* 32 +*+
DEFGHIJKLMHNKHOPIQOGRJNKQKSGTJQIEJGTIUKVVWOEXUETKITXEKFGTTYKQZITFKRGEKFGE[YVK\]^XRJNK_KHYQGJGKT`HJa
bGVQXM[KIVJMcXQdXQIJGXEeKTf gXh bGVQXM[KIVJMZiajaeKTf gXh
DEFGHIJKLMHNKHOPIQOGRJNKQKSGTJQIEJGTEXJQKkYGQKFJXRGVKQKdXQJTdYQTYIEJJX_KHJGXElmXQl^nFoXRJNK`HJa
bGVQXM[KIVJMcXQdXQIJGXEeKTh gXf bGVQXM[KIVJMZiajaeKTh gXf
DEFGHIJKLMHNKHOPIQOUNKJNKQJNKQKSGTJQIEJnloNITRGVKFIVVQKdXQJTQKkYGQKFJXLKRGVKFLM_KHJGXElmXQl^nFoXRJNK
_KHYQGJGKTpqHNIESK`HJXRlrm\FYQGESJNKdQKHKFGESlsPXEJNTnXQRXQTYHNTNXQJKQdKQGXFJNIJJNKQKSGTJQIEJUITQKkYGQKFJX
RGVKTYHNQKdXQJToZIEFnsoNITLKKETYLtKHJJXTYHNRGVGESQKkYGQKPKEJTRXQJNKdITJr]FIMTa
bGVQXM[KIVJMcXQdXQIJGXEeKTf gXh bGVQXM[KIVJMZiajaeKTf gXh
4/10/2025 Letter Continued (Full PDF)