XML 55 R40.htm IDEA: XBRL DOCUMENT v3.25.2
Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024:

 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
 (in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$68,449 $49,211 $107,457 $99,131 
Allocation to participating securities (1)
(228)(820)(440)(1,619)
Numerator for basic and diluted net income available to common stockholders$68,221 $48,391 $107,017 $97,512 
Denominator:  
Basic weighted average vested shares outstanding118,285,328 117,375,262 118,240,208 117,356,464 
Effect of dilutive securities398,009 287,928 433,727 453,834 
Diluted weighted average vested shares and common stock equivalents outstanding118,683,337 117,663,190 118,673,935 117,810,298 
Basic earnings per share:  
Net income available to common stockholders per share$0.58 $0.41 $0.91 $0.83 
Diluted earnings per share:  
Net income available to common stockholders per share$0.57 $0.41 $0.90 $0.83 
________________________ 
(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 six months ended June 30, 2025 and 2024:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
 (in thousands, except unit and per unit amounts)
Numerator:
Net income available to common unitholders$69,112 $49,669 $108,495 $100,091 
Allocation to participating securities (1)
(228)(820)(440)(1,619)
Numerator for basic and diluted net income available to common unitholders$68,884 $48,849 $108,055 $98,472 
Denominator:  
Basic weighted average vested units outstanding119,435,902 118,525,836 119,390,782 118,507,038
Effect of dilutive securities398,009 287,928 433,727 453,834 
Diluted weighted average vested units and common unit equivalents outstanding119,833,911 118,813,764 119,824,509 118,960,872 
Basic earnings per unit:
Net income available to common unitholders per unit$0.58 $0.41 $0.91 $0.83 
Diluted earnings per unit:  
Net income available to common unitholders per unit$0.57 $0.41 $0.90 $0.83 
________________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.