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CONSOLIDATED BALANCE SHEETS (KILROY REALTY, L.P.) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
REAL ESTATE ASSETS:    
Land and improvements $ 1,750,820 $ 1,750,820
Buildings and improvements 8,617,728 8,598,751
Undeveloped land and construction in progress 2,356,330 2,309,624
Total real estate assets held for investment 12,724,878 12,659,195
Accumulated depreciation and amortization (2,900,113) (2,824,616)
Total real estate assets held for investment, net 9,824,765 9,834,579
CASH AND CASH EQUIVALENTS 146,711 165,690
MARKETABLE SECURITIES (Note 9) 29,187 27,965
CURRENT RECEIVABLES, NET 11,680 11,033
DEFERRED RENT RECEIVABLES, NET 447,433 451,996
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 220,051 225,937
RIGHT OF USE GROUND LEASE ASSETS 128,949 129,222
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 2) 69,909 51,935
TOTAL ASSETS 10,878,685 10,898,357
LIABILITIES:    
Secured debt, net (Notes 3 and 9) 596,806 598,199
Unsecured debt, net (Notes 3 and 9) 4,001,036 3,999,566
Accounts payable, accrued expenses, and other liabilities 292,354 285,011
Ground lease liabilities 128,227 128,422
Accrued distributions 64,990 64,850
Deferred revenue and acquisition-related intangible liabilities, net 137,538 142,437
Rents received in advance and tenant security deposits 77,749 71,003
Total liabilities 5,298,700 5,289,488
COMMITMENTS AND CONTINGENCIES (Note 8)
CAPITAL:    
TOTAL LIABILITIES AND EQUITY (CAPITAL) 10,878,685 10,898,357
Kilroy Realty L.P.    
REAL ESTATE ASSETS:    
Land and improvements 1,750,820 1,750,820
Buildings and improvements 8,617,728 8,598,751
Undeveloped land and construction in progress 2,356,330 2,309,624
Total real estate assets held for investment 12,724,878 12,659,195
Accumulated depreciation and amortization (2,900,113) (2,824,616)
Total real estate assets held for investment, net 9,824,765 9,834,579
CASH AND CASH EQUIVALENTS 146,711 165,690
MARKETABLE SECURITIES (Note 9) 29,187 27,965
CURRENT RECEIVABLES, NET 11,680 11,033
DEFERRED RENT RECEIVABLES, NET 447,433 451,996
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 220,051 225,937
RIGHT OF USE GROUND LEASE ASSETS 128,949 129,222
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 2) 69,909 51,935
TOTAL ASSETS 10,878,685 10,898,357
LIABILITIES:    
Secured debt, net (Notes 3 and 9) 596,806 598,199
Unsecured debt, net (Notes 3 and 9) 4,001,036 3,999,566
Accounts payable, accrued expenses, and other liabilities 292,354 285,011
Ground lease liabilities 128,227 128,422
Accrued distributions 64,990 64,850
Deferred revenue and acquisition-related intangible liabilities, net 137,538 142,437
Rents received in advance and tenant security deposits 77,749 71,003
Total liabilities 5,298,700 5,289,488
COMMITMENTS AND CONTINGENCIES (Note 8)
CAPITAL:    
Partner's Capital - Common units, 118,268,759 and 118,046,674 held by the general partner and 1,150,574 held by common limited partners issued and outstanding 5,408,570 5,434,518
Noncontrolling interests in consolidated property partnerships (Note 1) 171,415 174,351
Total capital 5,579,985 5,608,869
TOTAL LIABILITIES AND EQUITY (CAPITAL) $ 10,878,685 $ 10,898,357