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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES:    
Rental income $ 90,219 $ 76,997
Tenant reimbursements 8,304 6,022
Other property income 887 754
Total revenues 99,410 [1] 83,773 [1]
EXPENSES:    
Property expenses 17,535 17,509
Real estate taxes 8,389 7,890
Provision for bad debts 2 26
Ground leases 802 339
General and administrative expenses 8,767 6,560
Acquisition-related expenses 1,528 472
Depreciation and amortization 36,746 28,441
Total expenses 73,769 61,237
OTHER (EXPENSES) INCOME:    
Interest income and other net investment gains (Note 12) 484 184
Interest expense (Note 5) (21,163) (20,876)
Total other (expenses) income (20,679) (20,692)
INCOME FROM CONTINUING OPERATIONS 4,962 1,844
DISCONTINUED OPERATIONS (Note 14)    
Income from discontinued operations 900 3,023
Net gain on dispositions of discontinued operations 72,809 0
Total income from discontinued operations 73,709 [2] 3,023 [2],[3]
NET INCOME 78,671 4,867
Net income attributable to noncontrolling common units of the Operating Partnership (1,795) (34)
NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION 76,876 4,833
PREFERRED DISTRIBUTIONS AND DIVIDENDS:    
Distributions to noncontrolling cumulative redeemable preferred units of the Operating Partnership (1,397) (1,397)
Preferred dividends (Note 7) (3,021) (2,402)
Original issuance costs of preferred stock called for redemption (Note 7) (4,918) 0
Total preferred distributions and dividends (9,336) (3,799)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 67,540 $ 1,034
Loss from continuing operations available to common stockholders per common share-basic (Note 15) $ (0.07) $ (0.04)
Loss from continuing operations available to common stockholders per common share-diluted (Note 15) $ (0.07) $ (0.04)
Net income available to common stockholders per share-basic (Note 15) $ 1.06 $ 0.01
Net income available to common stockholders per share-diluted (Note 15) $ 1.06 $ 0.01
Weighted average common shares outstanding-basic (Note 15) 63,648,704 52,302,075
Weighted average common shares outstanding-diluted (Note 15) 63,648,704 52,302,075
Dividends declared per common share $ 0.35 $ 0.35
[1] All operating revenues are comprised of amounts received from third-party tenants.
[2] See Note 14 for the breakdown of income from discontinued operations by segment.
[3] Includes two office and one industrial buildings encompassing 282,611 rentable square feet that were disposed of in 2011.