XML 25 R10.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS (KILROY REALTY, L.P.) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
REVENUES        
Rental income (Note 9) $ 285,951 $ 280,681 $ 836,760 $ 852,094
Other property income 3,987 2,913 12,490 8,584
Total revenues 289,938 283,594 849,250 860,678
EXPENSES        
Property expenses 63,593 59,445 180,192 168,233
Real estate taxes 26,677 28,363 84,925 84,868
Ground leases (Note 10) 2,977 2,390 8,725 7,172
General and administrative expenses (Note 8) 18,066 24,761 54,596 71,356
Leasing costs 2,353 1,852 6,751 4,550
Depreciation and amortization 91,879 85,224 267,061 269,262
Total expenses 205,545 202,035 602,250 605,441
OTHER INCOME (EXPENSES)        
Interest income 9,688 7,015 32,962 11,896
Interest expense (Note 5) (36,408) (29,837) (112,042) (81,891)
Total other expenses (26,720) (22,822) (79,080) (69,995)
NET INCOME 57,673 58,737 167,920 185,242
Net income attributable to noncontrolling interests in consolidated property partnerships and subsidiaries (5,295) (5,975) (16,411) (20,285)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 52,378 $ 52,762 $ 151,509 $ 164,957
Net income available to common unitholders per unit – basic (in dollars per share) $ 0.44 $ 0.45 $ 1.27 $ 1.40
Net income available to common unitholders per unit – diluted (in dollars per share) $ 0.44 $ 0.45 $ 1.27 $ 1.40
Weighted average common units outstanding – basic (in shares) 117,830,481 117,184,609 117,515,623 117,133,420
Weighted average common units outstanding – diluted (in shares) 118,243,913 117,495,246 117,954,763 117,411,395
Kilroy Realty L.P.        
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
REVENUES        
Rental income (Note 9) $ 285,951 $ 280,681 $ 836,760 $ 852,094
Other property income 3,987 2,913 12,490 8,584
Total revenues 289,938 283,594 849,250 860,678
EXPENSES        
Property expenses 63,593 59,445 180,192 168,233
Real estate taxes 26,677 28,363 84,925 84,868
Ground leases (Note 10) 2,977 2,390 8,725 7,172
General and administrative expenses (Note 8) 18,066 24,761 54,596 71,356
Leasing costs 2,353 1,852 6,751 4,550
Depreciation and amortization 91,879 85,224 267,061 269,262
Total expenses 205,545 202,035 602,250 605,441
OTHER INCOME (EXPENSES)        
Interest income 9,688 7,015 32,962 11,896
Interest expense (Note 5) (36,408) (29,837) (112,042) (81,891)
Total other expenses (26,720) (22,822) (79,080) (69,995)
NET INCOME 57,673 58,737 167,920 185,242
Net income attributable to noncontrolling interests in consolidated property partnerships and subsidiaries (4,786) (5,460) (14,942) (18,673)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 52,887 $ 53,277 $ 152,978 $ 166,569
Net income available to common unitholders per unit – basic (in dollars per share) $ 0.44 $ 0.45 $ 1.27 $ 1.40
Net income available to common unitholders per unit – diluted (in dollars per share) $ 0.44 $ 0.45 $ 1.27 $ 1.40
Weighted average common units outstanding – basic (in shares) 118,981,055 118,335,183 118,666,197 118,283,994
Weighted average common units outstanding – diluted (in shares) 119,394,487 118,645,820 119,105,337 118,561,969