Preferred and Common Units of the Operating Partnership (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Class of Stock [Line Items] |
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| Schedule of Common Stock Sales Under the At-the-Market Offering |
The following table sets forth information regarding sales of our common stock under our at-the-market offering programs for the years ended December 31, 2015, 2014 and 2013:
| | | | | | | | | | | | | | Year Ended December 31, | | 2015 | | 2014 | | 2013 | | (in millions, except share data) | Shares of common stock sold during the period | 1,866,267 |
| | 1,599,123 |
| | 1,040,838 |
| Aggregate gross proceeds | $ | 140.1 |
| | $ | 104.7 |
| | $ | 55.3 |
| Aggregate net proceeds after underwriting discounts | $ | 138.2 |
| | $ | 103.1 |
| | $ | 54.4 |
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The proceeds from sales were used to fund acquisitions, development expenditures and general corporate purposes including repayment of borrowings under the unsecured revolving credit facility. |
| Redeemable Noncontrolling Interest [Table Text Block] |
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, 2015 | | December 31, 2014 | Company owned common units in the Operating Partnership | 92,258,690 |
| | 86,259,684 |
| Company owned general partnership interest | 98.1 | % | | 98.0 | % | Noncontrolling common units of the Operating Partnership | 1,764,775 |
| | 1,804,200 |
| Ownership interest of noncontrolling interest | 1.9 | % | | 2.0 | % |
For a further discussion of the noncontrolling common units during the years ended December 31, 2015 and 2014, refer to Note 10 “Noncontrolling Interests on the Company’s Consolidated Financial Statements”.
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| Schedule of Accrued Dividends and Distributions |
The following tables summarize accrued dividends and distributions for the noted outstanding shares of common stock, preferred stock, and noncontrolling units as of December 31, 2015 and 2014:
| | | | | | | | | | December 31, | | 2015 | | 2014 | | (in thousands) | Dividends and Distributions payable to: | | | | Common stockholders | $ | 32,291 |
| | $ | 30,191 |
| Noncontrolling common unitholders of the Operating Partnership | 618 |
| | 631 |
| RSU holders (1) | 427 |
| | 421 |
| Total accrued dividends and distribution to common stockholders and noncontrolling unitholders | 33,336 |
| | 31,243 |
| Preferred stockholders | 1,656 |
| | 1,656 |
| Total accrued dividends and distributions | $ | 34,992 |
| | $ | 32,899 |
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______________________ | | (1) | The amount includes the value of the dividend equivalents that will be paid with additional RSUs (see Note 13 “Share-Based Compensation” for additional information) |
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| Schedule of Outstanding Shares of Common Stock, Preferred Stock and Noncontrolling Units |
| | | | | | | | December 31, | | 2015 | | 2014 | Outstanding Shares and Units: | | Common stock (1) | 92,258,690 |
| | 86,259,684 |
| Noncontrolling common units | 1,764,775 |
| | 1,804,200 |
| RSUs (2) | 1,269,809 |
| | 1,248,352 |
| Series G Preferred stock | 4,000,000 |
| | 4,000,000 |
| Series H Preferred stock | 4,000,000 |
| | 4,000,000 |
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______________________ | | (1) | The amount includes nonvested shares. |
| | (2) | The amount includes nonvested RSUs. Does not include the 425,452 and 247,089 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2015 and 2014, respectively. |
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| Kilroy Realty, L.P. [Member] |
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| Class of Stock [Line Items] |
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| Schedule of Common Stock Sales Under the At-the-Market Offering |
During the years ended December 31, 2015, 2014 and 2013, the Company utilized its at-the-market stock offering programs to issue shares of common stock (see Note 11 “Stockholders’ Equity of the Company” for additional information). The net offering proceeds and property acquired using net offering proceeds were contributed by the Company to the Operating Partnership in exchange for common units for the years ended December 31, 2015, 2014 and 2013 are as follows: | | | | | | | | | | | | | | Year Ended December 31, | | 2015 | | 2014 | | 2013 | | (in millions, except share and per share data) | Shares of common stock contributed by the Company | 1,866,267 |
| | 1,599,123 |
| | 1,040,838 |
| Common units exchanged for share of common stock by the Company | 1,866,267 |
| | 1,599,123 |
| | 1,040,838 |
| Aggregate gross proceeds | $ | 140.1 |
| | $ | 104.7 |
| | $ | 55.3 |
| Aggregate net proceeds after underwriting discounts | $ | 138.2 |
| | $ | 103.1 |
| | $ | 54.4 |
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| Schedule of Accrued Dividends and Distributions |
The following tables summarize accrued distributions for the noted common and preferred units as of December 31, 2015 and 2014:
| | | | | | | | | | December 31, 2015 | | December 31, 2014 | | (in thousands) | Distributions payable to:
| | | | General partner | $ | 32,291 |
| | $ | 30,191 |
| Common limited partners | 618 |
| | 631 |
| RSU holders (1) | 427 |
| | 421 |
| Total accrued distributions to common unitholders | 33,336 |
| | 31,243 |
| Preferred unitholders | 1,656 |
| | 1,656 |
| Total accrued distributions | $ | 34,992 |
| | $ | 32,899 |
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______________________ | | (1) | The amount includes the value of the dividend equivalents that will be paid with additional RSUs (see Note 13 “Share-Based Compensation” for additional information). |
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| Schedule of Outstanding Shares of Common Stock, Preferred Stock and Noncontrolling Units |
| | | | | | | | December 31, 2015 | | December 31, 2014 | Outstanding Units: | | Common units held by the general partner | 92,258,690 |
| | 86,259,684 |
| Common units held by the limited partners | 1,764,775 |
| | 1,804,200 |
| RSUs (1) | 1,269,809 |
| | 1,248,352 |
| Series G Preferred units | 4,000,000 |
| | 4,000,000 |
| Series H Preferred units | 4,000,000 |
| | 4,000,000 |
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______________________ | | (1) | Does not include the 425,452 and 247,089 market measure-based RSUs because not all the necessary performance conditions have been met as of December 31, 2015 and 2014, respectively. |
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