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Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)
9 Months Ended
Sep. 30, 2023
Net Income Available To Common Unitholders [Line Items]  
Schedule of Net Income Available to Common Stockholders
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 three and nine months ended September 30, 2023 and 2022:
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
 (in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$52,762 $79,757 $164,957 $179,990 
Allocation to participating securities (1)
(269)(287)(959)(980)
Numerator for basic and diluted net income available to common stockholders$52,493 $79,470 $163,998 $179,010 
Denominator:  
Basic weighted average vested shares outstanding117,184,609 116,872,953 117,133,420 116,782,621 
Effect of dilutive securities310,637 369,458 277,975 380,528 
Diluted weighted average vested shares and common stock equivalents outstanding117,495,246 117,242,411 117,411,395 117,163,149 
Basic earnings per share:  
Net income available to common stockholders per share$0.45 $0.68 $1.40 $1.53 
Diluted earnings per share:  
Net income available to common stockholders per share$0.45 $0.68 $1.40 $1.53 
________________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.
Kilroy Realty L.P.  
Net Income Available To Common Unitholders [Line Items]  
Schedule of Net Income Available to Common Stockholders
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 three and nine months ended September 30, 2023 and 2022:
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
 (in thousands, except unit and per unit amounts)
Numerator:
Net income available to common unitholders$53,277 $80,421 $166,569 $181,685 
Allocation to participating securities (1)
(269)(287)(959)(980)
Numerator for basic and diluted net income available to common unitholders$53,008 $80,134 $165,610 $180,705 
Denominator:  
Basic weighted average vested units outstanding118,335,183 118,023,527 118,283,994 117,933,195
Effect of dilutive securities310,637 369,458 277,975 380,528 
Diluted weighted average vested units and common unit equivalents outstanding118,645,820 118,392,985 118,561,969 118,313,723 
Basic earnings per unit:
Net income available to common unitholders per unit$0.45 $0.68 $1.40 $1.53 
Diluted earnings per unit:  
Net income available to common unitholders per unit$0.45 $0.68 $1.40 $1.53 
________________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.