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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Revenue $ 186,562 $ 181,534 $ 556,456 $ 541,440
EXPENSES        
Real estate taxes 17,462 16,371 52,421 50,878
Provision for bad debts (Note 12) 1,338 1,036 6,714 2,743
Ground leases 1,579 1,562 4,726 4,751
General and administrative expenses 19,277 14,514 56,599 43,750
Depreciation and amortization 62,700 62,567 189,421 185,737
Total expenses 137,519 129,120 409,282 385,474
OTHER (EXPENSES) INCOME        
Interest income and other net investment gain/loss (Note 11) 342 1,526 1,147 3,629
Interest expense (Note 5) (11,075) (16,151) (37,285) (51,476)
Total other (expenses) income (10,733) (14,625) (36,138) (47,847)
INCOME FROM OPERATIONS BEFORE GAINS ON SALES OF REAL ESTATE 38,310 37,789 111,036 108,119
Net gain on sale of land 0 449 0 449
Gains on sales of depreciable operating properties 0 37,250 0 39,507
NET INCOME 38,310 75,488 111,036 148,075
Net income attributable to noncontrolling common units of the Operating Partnership (691) (1,394) (2,008) (2,633)
Net income attributable to noncontrolling interests in consolidated property partnerships (3,219) (2,984) (10,833) (9,359)
Total income attributable to noncontrolling interests (3,910) (4,378) (12,841) (11,992)
NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION (KILROY REALTY, L.P.) 34,400 71,110 98,195 136,083
Preferred dividends 0 (808) 0 (5,774)
Original issuance costs of redeemed preferred stock and preferred units 0 (3,744) 0 (7,589)
Total preferred dividends 0 (4,552) 0 (13,363)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 34,400 $ 66,558 $ 98,195 $ 122,720
Net income available to common stockholders per share – basic (in dollars per share) (Note 13) $ 0.34 $ 0.67 $ 0.97 $ 1.24
Net income available to common stockholders per share – diluted (in dollars per share) (Note 13) $ 0.33 $ 0.67 $ 0.97 $ 1.23
Weighted average common shares outstanding – basic (in shares) (Note 13) 100,676,778 98,352,139 99,711,312 98,008,780
Weighted average common shares outstanding – diluted (in shares) (Note 13) 101,228,334 98,911,612 100,208,645 98,591,048
Dividends declared per common share (in dollars per share) $ 0.455000 $ 0.425000 $ 1.335 $ 1.225
Rental [Member]        
REVENUES        
Revenue $ 162,288 $ 159,954 $ 489,674 $ 475,527
Tenant reimbursements [Member]        
REVENUES        
Revenue 21,754 19,665 60,471 58,228
Other property income [Member]        
REVENUES        
Revenue 2,520 1,915 6,311 7,685
Property [Member]        
EXPENSES        
Property expenses $ 35,163 $ 33,070 $ 99,401 $ 97,615