| 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.
|
| 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.
|