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

6 Months Ended

Jun. 30, 2019

Net Income Available To Common Unitholders [Line Items]

Net income available to common stockholders

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 six months ended June 30, 2019 and 2018:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(in thousands, except share and per share amounts)
Numerator:
Net income attributable to Kilroy Realty Corporation	$	42,194		$	27,549		$	79,097		$	63,795
Allocation to participating securities (1)	(543		)	(514		)	(1,052		)	(985		)
Numerator for basic and diluted net income available to common stockholders	$	41,651		$	27,035		$	78,045		$	62,810
Denominator:
Basic weighted average vested shares outstanding	100,972,355			99,691,700			100,937,069			99,220,577
Effect of dilutive securities	837,186			459,156			681,884			467,105
Diluted weighted average vested shares and common share equivalents outstanding	101,809,541			100,150,856			101,618,953			99,687,682
Basic earnings per share:
Net income available to common stockholders per share	$	0.41		$	0.27		$	0.77		$	0.63
Diluted earnings per share:
Net income available to common stockholders per share	$	0.41		$	0.27		$	0.77		$	0.63

________________________ 

(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 available to common stockholders

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 six months ended June 30, 2019 and 2018:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to Kilroy Realty, L.P.	$	42,901		$	28,015		$	80,409		$	64,908
Allocation to participating securities (1)	(543		)	(514		)	(1,052		)	(985		)
Numerator for basic and diluted net income available to common unitholders	$	42,358		$	27,501		$	79,357		$	63,923
Denominator:
Basic weighted average vested units outstanding	102,995,642			101,762,390			102,960,599			101,291,549
Effect of dilutive securities	837,186			459,156			681,884			467,105
Diluted weighted average vested units and common unit equivalents outstanding	103,832,828			102,221,546			103,642,483			101,758,654
Basic earnings per unit:
Net income available to common unitholders per unit	$	0.41		$	0.27		$	0.77		$	0.63
Diluted earnings per unit:
Net income available to common unitholders per unit	$	0.41		$	0.27		$	0.77		$	0.63

________________________ 

(1)

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