Kilroy Realty Corp. provided earnings guidance for the year 2013. For the year, the company expects 2013 development spending on under construction development and redevelopment projects and Columbia Square to be approximately $350 million.

That excludes any spending on Redwood Tower since the timing is uncertain. The company projects same-store cash NOI growth to be approximately 3.5%. The company expects operating margins to remain in the 70% range for the year.

The company is providing initial 2013 FFO guidance of $2.43 to $2.63 per share.