Partners' Capital of the Operating Partnership (Tables)

12 Months Ended

Dec. 31, 2019

Class of Stock [Line Items]

Schedule of common stock sales under the at-the-market offering

The following table sets forth information regarding direct sales of our common stock under our at-the-market offering programs for the years ended December 31, 2018 and 2017:

	Year Ended December 31,
	2018		2017
	(in millions, except share data)
Shares of common stock sold during the period	1,817,195		235,077
Weighted average price per share of common stock	$	73.64	$	75.40
Aggregate gross proceeds	$	133.8	$	17.7
Aggregate net proceeds after selling commissions	$	132.1	$	17.5

Schedule of accrued dividends and distributions

The following tables summarize accrued dividends and distributions for the noted outstanding shares of common stock and noncontrolling units as of December 31, 2019 and 2018:

	December 31,
	2019		2018
	(in thousands)
Dividends and Distributions payable to:
Common stockholders	$	51,418	$	45,840
Noncontrolling common unitholders of the Operating Partnership	981		922
RSU holders (1)	820		797
Total accrued dividends and distribution to common stockholders and noncontrolling unitholders	$	53,219	$	47,559

______________________

(1)

The amount includes the value of the dividend equivalents that will be paid with additional RSUs (see Note 15 “Share-Based Compensation” for additional information).

Schedule of outstanding shares of common stock, preferred stock and noncontrolling units

	December 31,
	2019	2018
Outstanding Shares and Units:
Common stock (1)	106,016,287	100,746,988
Noncontrolling common units	2,023,287	2,025,287
RSUs (2)	1,651,905	1,711,628

______________________

(1) The amount includes nonvested shares.

(2)

The amount includes nonvested RSUs. Does not include 932,675 and 1,018,337 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2019 and 2018, respectively. Refer to Note 15 “Share-Based Compensation” for additional information.

Kilroy Realty L.P. [Member]

Class of Stock [Line Items]

Schedule of common stock sales under the at-the-market offering

During the years ended December 31, 2018 and 2017, the Company utilized its at-the-market stock offering programs to issue shares of common stock. See Note 13 “Stockholders’ Equity of the Company” for additional information. The net offering proceeds contributed by the Company to the Operating Partnership in exchange for common units for the years ended December 31, 2019, 2018 and 2017 are as follows:

	Year Ended December 31,
	2018		2017
	(in millions, except share and per share data)
Shares of common stock contributed by the Company	1,817,195		235,077
Common units exchanged for shares of common stock by the Company	1,817,195		235,077
Aggregate gross proceeds	$	133.8	$	17.7
Aggregate net proceeds after selling commissions	$	132.1	$	17.5

Redeemable noncontrolling interest

The following table sets forth the number of common units held by the Company and the number of common units held by non-affiliated investors and certain of our executive officers and directors in the form of noncontrolling common units as well as the ownership interest held on each respective date:

	December 31, 2019		December 31, 2018
Company owned common units in the Operating Partnership	106,016,287		100,746,988
Company owned general partnership interest	98.1	%	98.0	%
Noncontrolling common units of the Operating Partnership	2,023,287		2,025,287
Ownership interest of noncontrolling interest	1.9	%	2.0	%

Schedule of accrued dividends and distributions

The following tables summarize accrued distributions for the noted common units as of December 31, 2019 and 2018:

	December 31, 2019		December 31, 2018
	(in thousands)
Distributions payable to:
General partner	$	51,418	$	45,840
Common limited partners	981		922
RSU holders (1)	820		797
Total accrued distributions to common unitholders	$	53,219	$	47,559

______________________

(1)

The amount includes the value of the dividend equivalents that will be paid with additional RSUs (see Note 15 “Share-Based Compensation” for additional information).

Schedule of outstanding shares of common stock, preferred stock and noncontrolling units

	December 31, 2019	December 31, 2018
Outstanding Units:
Common units held by the general partner	106,016,287	100,746,988
Common units held by the limited partners	2,023,287	2,025,287
RSUs (1)	1,651,905	1,711,628

______________________

(1)

Does not include 932,675 and 1,018,337 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2019 and 2018, respectively. Refer to Note 15 “Share-Based Compensation” for additional information.