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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Revenue $ 187,072 $ 180,598 $ 369,894 $ 359,906
EXPENSES        
Real estate taxes 17,813 16,543 34,959 34,507
Provision for bad debts (Note 12) 5,641 409 5,376 1,707
Ground leases 1,586 1,547 3,147 3,189
General and administrative expenses 21,763 14,303 37,322 29,236
Depreciation and amortization 64,006 62,251 126,721 123,170
Total expenses 143,376 128,357 271,763 256,354
OTHER (EXPENSES) INCOME        
Interest income and other net investment gain/loss (Note 11) 771 1,038 805 2,103
Interest expense (Note 5) (12,712) (17,973) (26,210) (35,325)
Total other (expenses) income (11,941) (16,935) (25,405) (33,222)
INCOME FROM OPERATIONS BEFORE GAINS ON SALES OF REAL ESTATE 31,755 35,306 72,726 70,330
Gains on sales of depreciable operating properties 0 0 0 2,257
NET INCOME 31,755 35,306 72,726 72,587
Net income attributable to noncontrolling common units of the Operating Partnership (566) (616) (1,317) (1,239)
Net income attributable to noncontrolling interests in consolidated property partnerships (3,640) (3,242) (7,614) (6,375)
Total income attributable to noncontrolling interests (4,206) (3,858) (8,931) (7,614)
NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION (KILROY REALTY, L.P.) 27,549 31,448 63,795 64,973
Preferred dividends 0 (1,615) 0 (4,966)
Original issuance costs of redeemed preferred stock and preferred units 0 0 0 (3,845)
Total preferred dividends 0 (1,615) 0 (8,811)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 27,549 $ 29,833 $ 63,795 $ 56,162
Net income available to common stockholders per share – basic (in dollars per share) (Note 13) $ 0.27 $ 0.30 $ 0.63 $ 0.56
Net income available to common stockholders per share – diluted (in dollars per share) (Note 13) $ 0.27 $ 0.30 $ 0.63 $ 0.56
Weighted average common shares outstanding – basic (in shares) (Note 13) 99,691,700 98,275,471 99,220,577 97,834,255
Weighted average common shares outstanding – diluted (in shares) (Note 13) 100,150,856 98,827,378 99,687,682 98,427,345
Dividends declared per common share (in dollars per share) $ 0.455 $ 0.425000 $ 0.88 $ 0.8
Rental [Member]        
REVENUES        
Revenue $ 164,515 $ 158,925 $ 327,386 $ 315,573
Tenant reimbursements [Member]        
REVENUES        
Revenue 19,567 19,267 38,717 38,563
Other property income [Member]        
REVENUES        
Revenue 2,990 2,406 3,791 5,770
Property [Member]        
EXPENSES        
Property expenses $ 32,567 $ 33,304 $ 64,238 $ 64,545