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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES:      
Rental income $ 633,896 $ 574,413 $ 525,355
Tenant reimbursements 76,559 61,079 53,774
Other property income (Note 18) 8,546 7,080 2,146
Total revenues 719,001 642,572 581,275
EXPENSES:      
Property expenses 129,971 113,932 105,378
Real estate taxes 66,449 55,206 50,223
Provision for bad debts 3,269 0 545
Ground leases (Notes 5 and 18) 6,337 3,439 3,096
General and administrative expenses 60,581 57,029 48,265
Acquisition-related expenses (Note 2) 0 1,902 497
Depreciation and amortization (Notes 2 and 5) 245,886 217,234 204,294
Total expenses 512,493 448,742 412,298
OTHER (EXPENSES) INCOME:      
Interest income and other net investment gains (Note 19) 5,503 1,764 243
Interest expense (Note 9) (66,040) (55,803) (57,682)
Loss on early extinguishment of debt (Note 9) (5,312) 0 0
Total other (expenses) income (65,849) (54,039) (57,439)
INCOME FROM OPERATIONS BEFORE GAINS (LOSSES) ON SALES OF REAL ESTATE 140,659 139,791 111,538
Net gain (loss) on sales of land (Note 4) 449 (295) 17,116
Gains on sales of depreciable operating properties (Note 4) 39,507 164,302 109,950
NET INCOME 180,615 303,798 238,604
Net income attributable to noncontrolling common units of the Operating Partnership (Notes 2 and 11) (3,223) (6,635) (4,339)
Net income attributable to noncontrolling interests in consolidated property partnerships (Notes 2 and 11) (12,780) (3,375) (184)
Total income attributable to noncontrolling interests (16,003) (10,010) (4,523)
NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION / KILROY REALTY, L.P. 164,612 293,788 234,081
Preferred dividends (Note 13) (5,774) (13,250) (13,250)
Original issuance costs of redeemed preferred stock and preferred units (7,589) 0 0
Total preferred dividends (13,363) (13,250) (13,250)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS/UNITHOLDERS $ 151,249 $ 280,538 $ 220,831
Net income available to common stockholders per share - basic $ 1.52 $ 3.00 $ 2.44
Net income available to common stockholders per share - diluted $ 1.51 $ 2.97 $ 2.42
Weighted average shares of common stock outstanding – basic 98,113,561 92,342,483 89,854,096
Weighted average shares of common stock outstanding – diluted 98,727,331 93,023,034 90,395,775