Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)

3 Months Ended

Mar. 31, 2016

Net Income Available To Common Unitholders [Line Items]

Net income (loss) available to common unitholders

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016			2015
	(in thousands, except share and per share amounts)
Numerator:
Net income attributable to Kilroy Realty Corporation	$	174,308		$	43,187
Preferred dividends	(3,313		)	(3,313		)
Allocation to participating securities (1)	(395		)	(415		)
Numerator for basic and diluted net income available to common stockholders	$	170,600		$	39,459
Denominator:
Basic weighted average vested shares outstanding	92,224,522			86,896,776
Effect of dilutive securities	510,021			537,590
Diluted weighted average vested shares and common share equivalents outstanding	92,734,543			87,434,366
Basic earnings per share:
Net income available to common stockholders per share	$	1.85		$	0.45
Diluted earnings per share:
Net income available to common stockholders per share	$	1.84		$	0.45

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(1) Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.

Kilroy Realty, L.P. [Member]

Net Income Available To Common Unitholders [Line Items]

Net income (loss) available to common unitholders

The following table reconciles the numerator and denominator in computing the Operating Partnership’s basic and diluted per-unit computations for net income available to common unitholders for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016			2015
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to Kilroy Realty, L.P.	$	177,833		$	43,927
Preferred distributions	(3,313		)	(3,313		)
Allocation to participating securities (1)	(395		)	(415		)
Numerator for basic and diluted net income available to common unitholders	$	174,125		$	40,199
Denominator:
Basic weighted average vested units outstanding	94,188,520			88,693,306
Effect of dilutive securities	510,021			537,590
Diluted weighted average vested units and common unit equivalents outstanding	94,698,541			89,230,896
Basic earnings per unit:
Net income available to common unitholders per unit	$	1.85		$	0.45
Diluted earnings per unit:
Net income available to common unitholders per unit	$	1.84		$	0.45

________________________

(1) Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.