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

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(in thousands, except share and per share amounts)
Numerator:
Net income attributable to Kilroy Realty Corporation	$	53,895		$	104,759		$	261,050		$	205,446
Preferred dividends	(3,313		)	(3,313		)	(9,938		)	(9,938		)
Allocation to participating securities (1)	(426		)	(367		)	(1,244		)	(1,200		)
Numerator for basic and diluted net income available to common stockholders	$	50,156		$	101,079		$	249,868		$	194,308
Denominator:
Basic weighted average vested shares outstanding	92,227,016			92,150,341			92,220,522			89,077,012
Effect of dilutive securities	693,390			488,724			611,016			516,249
Diluted weighted average vested shares and common share equivalents outstanding	92,920,406			92,639,065			92,831,538			89,593,261
Basic earnings per share:
Net income available to common stockholders per share	$	0.54		$	1.10		$	2.71		$	2.18
Diluted earnings per share:
Net income available to common stockholders per share	$	0.54		$	1.09		$	2.69		$	2.17

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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 and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to Kilroy Realty, L.P.	$	55,254		$	106,640		$	266,677		$	209,085
Preferred distributions	(3,313		)	(3,313		)	(9,938		)	(9,938		)
Allocation to participating securities (1)	(426		)	(367		)	(1,244		)	(1,200		)
Numerator for basic and diluted net income available to common unitholders	$	51,515		$	102,960		$	255,495		$	197,947
Denominator:
Basic weighted average vested units outstanding	94,858,292			93,938,783			94,630,183			90,869,696
Effect of dilutive securities	693,390			488,724			611,016			516,249
Diluted weighted average vested units and common unit equivalents outstanding	95,551,682			94,427,507			95,241,199			91,385,945
Basic earnings per unit:
Net income available to common unitholders per unit	$	0.54		$	1.10		$	2.70		$	2.18
Diluted earnings per unit:
Net income available to common unitholders per unit	$	0.54		$	1.09		$	2.68		$	2.17

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