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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Rental income$ 89,306$ 72,135$ 252,102$ 196,883
Tenant reimbursements7,6836,15621,46918,261
Other property income3489852,8632,325
Total revenues97,337[1]79,276[1]276,434[1]217,469[1]
EXPENSES:    
Property expenses19,36115,80254,54842,255
Real estate taxes8,3607,58224,87820,035
Provision for bad debts(5)(857)141(843)
Ground leases (Note 11)5033361,266648
General and administrative expenses6,3557,27320,35521,096
Acquisition-related expenses1,1633542,8291,624
Depreciation and amortization36,15229,95197,51374,405
Total expenses71,88960,441201,530159,220
OTHER (EXPENSES) INCOME:    
Interest income and other net investment gains (Note 12)30337272703
Interest expense (Note 5)(24,051)(15,853)(66,155)(40,897)
Loss on early extinguishment of debt000(4,564)
Total other (expenses) income(24,021)(15,516)(65,883)(44,758)
INCOME FROM CONTINUING OPERATIONS1,4273,3199,02113,491
DISCONTINUED OPERATIONS (Note 14)    
Net income from discontinued operations3083501,0531,011
Net gain on dispositions of discontinued operations12,555012,5550
Total income from discontinued operations12,863[2]350[2]13,608[2]1,011[2]
NET INCOME14,2903,66922,62914,502
Net (income) loss attributable to noncontrolling common units of the Operating Partnership(296)4(320)(128)
NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION13,9943,67322,30914,374
PREFERRED DISTRIBUTIONS AND DIVIDENDS:    
Distributions to noncontrolling cumulative redeemable preferred units of the Operating Partnership(1,397)(1,397)(4,191)(4,191)
Preferred dividends(2,402)(2,402)(7,206)(7,206)
Total preferred distributions and dividends(3,799)(3,799)(11,397)(11,397)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS$ 10,195$ (126)$ 10,912$ 2,977
(Loss) income from continuing operations available to common stockholders per common share-basic$ (0.05)$ (0.01)$ (0.06)$ 0.02
(Loss) income from continuing operations available to common stockholders per common share-diluted$ (0.05)$ (0.01)$ (0.06)$ 0.02
Net income (loss) available to common stockholders per share-basic (Note 15)$ 0.17$ (0.01)$ 0.18$ 0.04
Net income (loss) available to common stockholders per share-diluted (Note 15)$ 0.17$ (0.01)$ 0.18$ 0.04
Weighted average common shares outstanding-basic (Note 15)58,355,12752,274,31656,136,47748,561,614
Weighted average common shares outstanding-diluted (Note 15)58,355,12752,274,31656,136,47748,565,028
Dividends declared per common share$ 0.35$ 0.35$ 1.05$ 1.05
[1]All operating revenues are comprised of amounts received from third-party tenants.
[2]Income from discontinued operations is from our Reportable Segment - Office Properties.