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

9 Months Ended

Sep. 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 nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
	(in thousands, except share and per share amounts)
Numerator:
Net income attributable to Kilroy Realty Corporation	$	43,846		$	34,400		$	122,943		$	98,195
Allocation to participating securities (1)	(530		)	(507		)	(1,582		)	(1,492		)
Numerator for basic and diluted net income available to common stockholders	$	43,316		$	33,893		$	121,361		$	96,703
Denominator:
Basic weighted average vested shares outstanding	104,841,176			100,676,778			102,252,739			99,711,312
Effect of dilutive securities	518,728			551,556			619,697			497,333
Diluted weighted average vested shares and common share equivalents outstanding	105,359,904			101,228,334			102,872,436			100,208,645
Basic earnings per share:
Net income available to common stockholders per share	$	0.41		$	0.34		$	1.19		$	0.97
Diluted earnings per share:
Net income available to common stockholders per share	$	0.41		$	0.33		$	1.18		$	0.97

________________________ 

(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 nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to Kilroy Realty, L.P.	$	44,589		$	34,993		$	124,998		$	99,901
Allocation to participating securities (1)	(530		)	(507		)	(1,582		)	(1,492		)
Numerator for basic and diluted net income available to common unitholders	$	44,059		$	34,486		$	123,416		$	98,409
Denominator:
Basic weighted average vested units outstanding	106,864,463			102,721,806			104,276,187			101,773,540
Effect of dilutive securities	518,728			551,556			619,697			497,333
Diluted weighted average vested units and common unit equivalents outstanding	107,383,191			103,273,362			104,895,884			102,270,873
Basic earnings per unit:
Net income available to common unitholders per unit	$	0.41		$	0.34		$	1.18		$	0.97
Diluted earnings per unit:
Net income available to common unitholders per unit	$	0.41		$	0.33		$	1.18		$	0.96

________________________ 

(1)

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