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Net Income Available to Common Unitholders Per Unit of the Operating Partnership
 3 Months Ended
Mar. 31, 2024
Net Income Available To Common Unitholders [Line Items]  
Net Income Available to Common Unitholders Per Unit of the Operating Partnership Net Income Available to Common Stockholders Per Share of the Company
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 months ended March 31, 2024 and 2023:
 Three Months Ended March 31,
 20242023
 (in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$49,920 $56,608 
Allocation to participating securities (1)
(799)(364)
Numerator for basic and diluted net income available to common stockholders$49,121 $56,244 
Denominator:  
Basic weighted average vested shares outstanding117,337,666 117,059,329 
Effect of dilutive securities623,260 347,189 
Diluted weighted average vested shares and common stock equivalents outstanding117,960,926 117,406,518 
Basic earnings per share:  
Net income available to common stockholders per share$0.42 $0.48 
Diluted earnings per share:  
Net income available to common stockholders per share$0.42 $0.48 
________________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.
Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common shares, including stock options and RSUs are considered in our diluted earnings per share calculation for the three months ended March 31, 2024 and 2023. Certain market measure-based RSUs are not included in dilutive securities for the three months ended March 31, 2024 and 2023, as not all performance metrics had been met by the end of the applicable reporting periods. Additionally, certain unvested time-based RSUs are not included in dilutive securities for the three months ended March 31, 2024 and 2023, as they were anti-dilutive. See Note 7 “Share-Based Compensation” for additional information regarding share-based compensation.
Kilroy Realty L.P.  
Net Income Available To Common Unitholders [Line Items]  
Net Income Available to Common Unitholders Per Unit of the Operating Partnership Net Income Available to Common Unitholders Per Unit of the Operating Partnership
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 months ended March 31, 2024 and 2023:
 Three Months Ended March 31,
 20242023
 (in thousands, except unit and per unit amounts)
Numerator:
Net income available to common unitholders$50,422 $57,168 
Allocation to participating securities (1)
(799)(364)
Numerator for basic and diluted net income available to common unitholders$49,623 $56,804 
Denominator:  
Basic weighted average vested units outstanding118,488,240 118,209,903 
Effect of dilutive securities623,260 347,189 
Diluted weighted average vested units and common unit equivalents outstanding119,111,500 118,557,092 
Basic earnings per unit:
Net income available to common unitholders per unit$0.42 $0.48 
Diluted earnings per unit:  
Net income available to common unitholders per unit$0.42 $0.48 
________________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.
    Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common units, including stock options and RSU are considered in our diluted earnings per share calculation for the three months ended March 31, 2024 and 2023. Certain market measure-based RSUs are not included in dilutive securities for the three months ended March 31, 2024 and 2023, as not all performance metrics had been met by the end of the applicable reporting periods. Additionally, certain unvested time-based RSUs are not included in dilutive securities for the three months ended March 31, 2024 and 2023, as they were anti-dilutive. See Note 7 “Share-Based Compensation” for additional information regarding share-based compensation.