XML 27 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member]
REVENUES (Note 2):      
Rental income (Note 17) $ 948,994 $ 892,306 $ 826,472
Other property income 6,046 6,091 10,982
Total revenues 955,040 898,397 837,454
EXPENSES:      
Property expenses 165,702 155,118 160,037
Real estate taxes 93,209 92,218 78,097
Ground leases (Note 18) 7,421 8,891 8,113
General and administrative expenses (Notes 15 and 19) 92,749 99,264 88,139
Leasing costs 3,249 4,493 7,615
Depreciation and amortization (Notes 2 and 5) 310,043 299,308 273,130
Total expenses 672,373 659,292 615,131
OTHER INCOME (EXPENSES) :      
Interest income and other net investment gain (Note 19) 3,916 3,424 4,641
Interest expense (Note 9) (78,555) (70,772) (48,537)
Gains on sales of depreciable operating properties (Note 4) 463,128 35,536 36,802
Loss on early extinguishment of debt (Note 9) (12,246) 0 0
Total other income (expenses) 376,243 (31,812) (7,094)
NET INCOME 658,910 207,293 215,229
Net income attributable to noncontrolling common units of the Operating Partnership (Notes 2 and 11) (6,163) (2,869) (3,766)
Net income attributable to noncontrolling interests in consolidated property partnerships (Notes 2 and 11) (24,603) (17,319) (16,020)
Total income attributable to noncontrolling interests (30,766) (20,188) (19,786)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 628,144 $ 187,105 $ 195,443
Net income available to common stockholders per share - basic (in dollars per share) $ 5.38 $ 1.63 $ 1.87
Net income available to common stockholders per share - diluted (in dollars per share) $ 5.36 $ 1.63 $ 1.86
Weighted average shares of common stock outstanding – basic (in shares) 116,429,130 113,241,341 103,200,568
Weighted average shares of common stock outstanding – diluted (in shares) 116,948,643 113,719,622 103,849,168
Kilroy Realty L.P.      
Revenue, Product and Service [Extensible List] Service [Member]    
REVENUES (Note 2):      
Rental income (Note 17) $ 948,994 $ 892,306 $ 826,472
Other property income 6,046 6,091 10,982
Total revenues 955,040 898,397 837,454
EXPENSES:      
Property expenses 165,702 155,118 160,037
Real estate taxes 93,209 92,218 78,097
Ground leases (Note 18) 7,421 8,891 8,113
General and administrative expenses (Notes 15 and 19) 92,749 99,264 88,139
Leasing costs 3,249 4,493 7,615
Depreciation and amortization (Notes 2 and 5) 310,043 299,308 273,130
Total expenses 672,373 659,292 615,131
OTHER INCOME (EXPENSES) :      
Interest income and other net investment gain (Note 19) 3,916 3,424 4,641
Interest expense (Note 9) (78,555) (70,772) (48,537)
Gains on sales of depreciable operating properties (Note 4) 463,128 35,536 36,802
Loss on early extinguishment of debt (Note 9) (12,246) 0 0
Total other income (expenses) 376,243 (31,812) (7,094)
NET INCOME 658,910 207,293 215,229
Total income attributable to noncontrolling interests (24,603) (17,684) (16,491)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 634,307 $ 189,609 $ 198,738
Net income available to common stockholders per share - basic (in dollars per share) $ 5.38 $ 1.63 $ 1.87
Net income available to common stockholders per share - diluted (in dollars per share) $ 5.36 $ 1.62 $ 1.86
Weighted average shares of common stock outstanding – basic (in shares) 117,579,704 115,095,506 105,223,975
Weighted average shares of common stock outstanding – diluted (in shares) 118,099,217 115,573,787 105,872,575