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

3 Months Ended

Mar. 31, 2020

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 months ended March 31, 2020 and 2019:



	Three Months Ended March 31,
	2020			2019
	(in thousands, except share and per share amounts)
Numerator:
Net income attributable to Kilroy Realty Corporation	$	39,817		$	36,903
Allocation to participating securities ⁽¹⁾	(543		)	(509		)
Numerator for basic and diluted net income available to common stockholders	$	39,274		$	36,394
Denominator:
Basic weighted average vested shares outstanding	106,875,234			100,901,390
Effect of dilutive securities	514,341			541,789
Diluted weighted average vested shares and common stock equivalents outstanding	107,389,575			101,443,179
Basic earnings per share:
Net income available to common stockholders per share	$	0.37		$	0.36
Diluted earnings per share:
Net income available to common stockholders per share	$	0.37		$	0.36

________________________

(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 months ended March 31, 2020 and 2019:



	Three Months Ended March 31,
	2020			2019
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to Kilroy Realty, L.P.	$	40,389		$	37,508
Allocation to participating securities ⁽¹⁾	(543		)	(509		)
Numerator for basic and diluted net income available to common unitholders	$	39,846		$	36,999
Denominator:
Basic weighted average vested units outstanding	108,897,027			102,925,166
Effect of dilutive securities	514,341			541,789
Diluted weighted average vested units and common unit equivalents outstanding	109,411,368			103,466,955
Basic earnings per unit:
Net income available to common unitholders per unit	$	0.37		$	0.36
Diluted earnings per unit:
Net income available to common unitholders per unit	$	0.36		$	0.36

________________________

(1)

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