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

12 Months Ended

Dec. 31, 2020

Net Income Available To Common Unitholders [Line Items]

Net income available to common unitholders

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 years ended December 31, 2020, 2019 and 2018:

	Year Ended December 31,
	2020		2019		2018
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to common stockholders	$	187,105	$	195,443	$	258,415
Allocation to participating securities (1)	(2,229)		(2,119)		(2,004)
Numerator for basic and diluted net income available to common stockholders	$	184,876	$	193,324	$	256,411
Denominator:
Basic weighted average vested shares outstanding	113,241,341		103,200,568		99,972,359
Effect of dilutive securities	478,281		648,600		510,006
Diluted weighted average vested shares and common stock equivalents outstanding	113,719,622		103,849,168		100,482,365
Basic earnings per share:
Net income available to common stockholders per share	$	1.63	$	1.87	$	2.56
Diluted earnings per share:
Net income available to common stockholders per share	$	1.63	$	1.86	$	2.55

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(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 unitholders

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 years ended December 31, 2020, 2019 and 2018:

	Year Ended December 31,
	2020		2019		2018
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to common unitholders	$	189,609	$	198,738	$	263,210
Allocation to participating securities (1)	(2,229)		(2,119)		(2,004)
Numerator for basic and diluted net income available to common unitholders	$	187,380	$	196,619	$	261,206
Denominator:
Basic weighted average vested units outstanding	115,095,506		105,223,975		102,025,276
Effect of dilutive securities	478,281		648,600		510,006
Diluted weighted average vested units and common unit equivalents outstanding	115,573,787		105,872,575		102,535,282
Basic earnings per unit:
Net income available to common unitholders per unit	$	1.63	$	1.87	$	2.56
Diluted earnings per unit:
Net income available to common unitholders per unit	$	1.62	$	1.86	$	2.55

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