XML 53 R38.htm IDEA: XBRL DOCUMENT v3.25.1
Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)
 3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024:
 Three Months Ended March 31,
 20252024
 (in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$39,008 $49,920 
Allocation to participating securities (1)
(212)(799)
Numerator for basic and diluted net income available to common stockholders$38,796 $49,121 
Denominator:  
Basic weighted average vested shares outstanding118,194,588 117,337,666 
Effect of dilutive securities469,842 623,260 
Diluted weighted average vested shares and common stock equivalents outstanding118,664,430 117,960,926 
Basic earnings per share:  
Net income available to common stockholders per share$0.33 $0.42 
Diluted earnings per share:  
Net income available to common stockholders per share$0.33 $0.42 
________________________ 
(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 months ended March 31, 2025 and 2024:
 Three Months Ended March 31,
 20252024
 (in thousands, except unit and per unit amounts)
Numerator:
Net income available to common unitholders$39,383 $50,422 
Allocation to participating securities (1)
(212)(799)
Numerator for basic and diluted net income available to common unitholders$39,171 $49,623 
Denominator:  
Basic weighted average vested units outstanding119,345,162 118,488,240 
Effect of dilutive securities469,842 623,260 
Diluted weighted average vested units and common unit equivalents outstanding119,815,004 119,111,500 
Basic earnings per unit:
Net income available to common unitholders per unit$0.33 $0.42 
Diluted earnings per unit:  
Net income available to common unitholders per unit$0.33 $0.42 
________________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.