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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
REAL ESTATE ASSETS (Note 2):    
Land and improvements $ 1,715,192 $ 1,731,982
Buildings and improvements 7,509,311 7,543,585
Undeveloped land and construction in progress 2,158,279 2,017,126
Total real estate assets held for investment 11,382,782 11,292,693
Accumulated depreciation and amortization (2,034,193) (2,003,656)
Total real estate assets held for investment, net 9,348,589 9,289,037
CASH AND CASH EQUIVALENTS 331,685 414,077
RESTRICTED CASH 13,007 13,006
MARKETABLE SECURITIES (Note 10) 25,829 27,475
CURRENT RECEIVABLES, NET 12,107 14,386
DEFERRED RENT RECEIVABLES, NET 420,895 405,665
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 228,426 234,458
RIGHT OF USE GROUND LEASE ASSETS 126,946 127,302
PREPAID EXPENSES AND OTHER ASSETS, NET 57,338 57,991
TOTAL ASSETS 10,564,822 10,583,397
LIABILITIES:    
Secured debt, net (Notes 3 and 10) 247,030 248,367
Unsecured debt, net (Notes 3 and 10) 3,821,433 3,820,383
Accounts payable, accrued expenses and other liabilities 391,920 391,264
Ground lease liabilities 125,414 125,550
Accrued dividends and distributions (Note 15) 61,951 61,850
Deferred revenue and acquisition-related intangible liabilities, net 171,121 171,151
Rents received in advance and tenant security deposits 80,192 74,962
Total liabilities 4,899,061 4,893,527
COMMITMENTS AND CONTINGENCIES (Note 9)
Stockholders’ Equity (Note 4):    
Common stock, $.01 par value, 280,000,000 shares authorized, 116,716,080 and 116,464,169 shares issued and outstanding, respectively 1,167 1,165
Additional paid-in capital 5,149,968 5,155,232
Retained earnings 274,193 283,663
Total stockholders’ equity 5,425,328 5,440,060
Noncontrolling Interests (Notes 1 and 5):    
Common units of the Operating Partnership 53,472 53,746
Noncontrolling interests in consolidated property partnerships 186,961 196,064
Total noncontrolling interests 240,433 249,810
Total equity 5,665,761 5,689,870
TOTAL LIABILITIES AND EQUITY (CAPITAL) 10,564,822 10,583,397
Kilroy Realty L.P.    
REAL ESTATE ASSETS (Note 2):    
Land and improvements 1,715,192 1,731,982
Buildings and improvements 7,509,311 7,543,585
Undeveloped land and construction in progress 2,158,279 2,017,126
Total real estate assets held for investment 11,382,782 11,292,693
Accumulated depreciation and amortization (2,034,193) (2,003,656)
Total real estate assets held for investment, net 9,348,589 9,289,037
CASH AND CASH EQUIVALENTS 331,685 414,077
RESTRICTED CASH 13,007 13,006
MARKETABLE SECURITIES (Note 10) 25,829 27,475
CURRENT RECEIVABLES, NET 12,107 14,386
DEFERRED RENT RECEIVABLES, NET 420,895 405,665
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 228,426 234,458
RIGHT OF USE GROUND LEASE ASSETS 126,946 127,302
PREPAID EXPENSES AND OTHER ASSETS, NET 57,338 57,991
TOTAL ASSETS 10,564,822 10,583,397
LIABILITIES:    
Secured debt, net (Notes 3 and 10) 247,030 248,367
Unsecured debt, net (Notes 3 and 10) 3,821,433 3,820,383
Accounts payable, accrued expenses and other liabilities 391,920 391,264
Ground lease liabilities 125,414 125,550
Accrued dividends and distributions (Note 15) 61,951 61,850
Deferred revenue and acquisition-related intangible liabilities, net 171,121 171,151
Rents received in advance and tenant security deposits 80,192 74,962
Total liabilities 4,899,061 4,893,527
COMMITMENTS AND CONTINGENCIES (Note 9)
Noncontrolling Interests (Notes 1 and 5):    
Common units, 116,716,080 and 116,464,169 held by the general partner and 1,150,574 and 1,150,574 held by common limited partners issued and outstanding, respectively (Note 5) 5,478,800 5,493,806
Noncontrolling interests in consolidated property partnerships (Note 1) 186,961 196,064
Total capital 5,665,761 5,689,870
TOTAL LIABILITIES AND EQUITY (CAPITAL) $ 10,564,822 $ 10,583,397