Quarterly Financial Information of the Operating Partnership (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information of the Operating Partnership

Quarterly Financial Information of the Company (Unaudited)

Summarized quarterly financial data for the years ended December 31, 2015 and 2014 was as follows:



	2015 Quarter Ended ⁽¹⁾
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per share amounts)
Revenues from continuing operations	$	146,082		$	146,227		$	141,553		$	147,413
Income from continuing operations	44,002			58,590			106,704			29,308
Net income	44,002			58,590			106,704			29,308
Net income attributable to Kilroy Realty Corporation	43,187			57,500			104,759			28,635
Preferred dividends and distributions	(3,313		)	(3,312		)	(3,313		)	(3,312		)
Net income available to common stockholders	39,874			54,188			101,446			25,323
Net income available to common stockholders per share – basic	0.45			0.61			1.10			0.27
Net income available to common stockholders per share – diluted	0.45			0.61			1.09			0.27

	2014 Quarter Ended ⁽¹⁾
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per share amounts)
Revenues from continuing operations	$	123,758		$	127,178		$	129,024		$	141,765
Income from continuing operations	10,874			15,854			13,168			19,417
Income from discontinued operations	91,058			15,289			6,135			12,013
Net income	101,932			31,143			19,303			31,430
Net income attributable to Kilroy Realty Corporation	99,845			30,540			18,982			30,852
Preferred dividends and distributions	(3,313		)	(3,312		)	(3,313		)	(3,312		)
Net income available to common stockholders	96,532			27,228			15,669			27,540
Net income available to common stockholders per share – basic	1.17			0.33			0.18			0.32
Net income available to common stockholders per share – diluted	1.14			0.32			0.18			0.32

____________________

(1)

The summation of the quarterly financial data may not equal the annual number reported on the consolidated statements of operations due to rounding. The summation of the quarterly net income (loss) available to common stockholders per share does not equal the annual number reported on the consolidated statements of operations due to the Company's public offerings of common stock and its at-the-market stock offering programs that occurred during the years ended December 31, 2015 and 2014.

Kilroy Realty, L.P. [Member]

Quarterly Financial Information of the Operating Partnership

Quarterly Financial Information of the Operating Partnership (Unaudited)

Summarized quarterly financial data for the years ended December 31, 2015 and 2014 was as follows:



	2015 Quarter Ended ⁽¹⁾
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per unit amounts)
Revenues from continuing operations	$	146,082		$	146,227		$	141,553		$	147,413
Income from continuing operations	44,002			58,590			106,704			29,308
Net income	44,002			58,590			106,704			29,308
Net income attributable to the Operating Partnership	43,927			58,518			106,640			29,052
Preferred distributions	(3,313		)	(3,312		)	(3,313		)	(3,312		)
Net income available to common unitholders	40,614			55,206			103,327			25,740
Net income available to common unitholders per unit – basic	0.45			0.61			1.10			0.27
Net income available to common unitholders per unit – diluted	0.45			0.61			1.09			0.27

	2014 Quarter Ended ⁽¹⁾
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per unit amounts)
Revenues from continuing operations	$	123,758		$	127,178		$	129,024		$	141,765
Income from continuing operations	10,874			15,854			13,168			19,417
Income from discontinued operations	91,058			15,289			6,135			12,013
Net income	101,932			31,143			19,303			31,430
Net income attributable to the Operating Partnership	101,867			31,066			19,244			31,371
Preferred distributions	(3,313		)	(3,312		)	(3,313		)	(3,312		)
Net income available to common unitholders	98,554			27,754			15,931			28,059
Net income available to common unitholders per unit – basic	1.17			0.33			0.18			0.32
Net income available to common unitholders per unit – diluted	1.14			0.32			0.18			0.31

___________________

(1)

The summation of the quarterly financial data may not equal the annual number reported on the consolidated statements of operations due to rounding. The summation of the quarterly net income (loss) available to common unitholders per unit does not equal the annual number reported on the consolidated statements of operations due to the impact of the Company's public offerings of common stock and its at-the-market stock offering programs that occurred during the years ended December 31, 2015 and 2014.