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CONSOLIDATED BALANCE SHEETS (KILROY REALTY, L.P.) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
REAL ESTATE ASSETS:    
Land and improvements $ 1,627,754 $ 1,750,820
Buildings and improvements 8,427,405 8,598,751
Undeveloped land and construction in progress 2,364,938 2,309,624
Total real estate assets held for investment 12,420,097 12,659,195
Accumulated depreciation and amortization (2,877,165) (2,824,616)
Total real estate assets held for investment, net 9,542,932 9,834,579
REAL ESTATE AND OTHER ASSETS HELD FOR SALE, NET (Note 2) 255,795 0
CASH AND CASH EQUIVALENTS (Note 13) 193,129 165,690
MARKETABLE SECURITIES (Note 10) 31,629 27,965
CURRENT RECEIVABLES, NET 11,718 11,033
DEFERRED RENT RECEIVABLES, NET 436,964 451,996
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 208,266 225,937
RIGHT OF USE GROUND LEASE ASSETS 128,674 129,222
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 3) 58,725 51,935
TOTAL ASSETS 10,867,832 10,898,357
LIABILITIES:    
Secured debt, net (Notes 4 and 10) 595,212 598,199
Unsecured debt, net (Notes 4 and 10) 4,002,507 3,999,566
Accounts payable, accrued expenses, and other liabilities 273,600 285,011
Ground lease liabilities 128,030 128,422
Accrued distributions 64,985 64,850
Deferred revenue and acquisition-related intangible liabilities, net 131,606 142,437
Rents received in advance and tenant security deposits 73,561 71,003
Liabilities related to real estate assets held for sale (Note 2) 4,887 0
Total liabilities 5,274,388 5,289,488
COMMITMENTS AND CONTINGENCIES (Note 9)
CAPITAL:    
TOTAL LIABILITIES AND EQUITY 10,867,832 10,898,357
Kilroy Realty L.P.    
REAL ESTATE ASSETS:    
Land and improvements 1,627,754 1,750,820
Buildings and improvements 8,427,405 8,598,751
Undeveloped land and construction in progress 2,364,938 2,309,624
Total real estate assets held for investment 12,420,097 12,659,195
Accumulated depreciation and amortization (2,877,165) (2,824,616)
Total real estate assets held for investment, net 9,542,932 9,834,579
REAL ESTATE AND OTHER ASSETS HELD FOR SALE, NET (Note 2) 255,795 0
CASH AND CASH EQUIVALENTS (Note 13) 193,129 165,690
MARKETABLE SECURITIES (Note 10) 31,629 27,965
CURRENT RECEIVABLES, NET 11,718 11,033
DEFERRED RENT RECEIVABLES, NET 436,964 451,996
DEFERRED LEASING COSTS AND ACQUISITION-RELATED INTANGIBLE ASSETS, NET 208,266 225,937
RIGHT OF USE GROUND LEASE ASSETS 128,674 129,222
PREPAID EXPENSES AND OTHER ASSETS, NET (Note 3) 58,725 51,935
TOTAL ASSETS 10,867,832 10,898,357
LIABILITIES:    
Secured debt, net (Notes 4 and 10) 595,212 598,199
Unsecured debt, net (Notes 4 and 10) 4,002,507 3,999,566
Accounts payable, accrued expenses, and other liabilities 273,600 285,011
Ground lease liabilities 128,030 128,422
Accrued distributions 64,985 64,850
Deferred revenue and acquisition-related intangible liabilities, net 131,606 142,437
Rents received in advance and tenant security deposits 73,561 71,003
Liabilities related to real estate assets held for sale (Note 2) 4,887 0
Total liabilities 5,274,388 5,289,488
COMMITMENTS AND CONTINGENCIES (Note 9)
CAPITAL:    
Partner's Capital - Common units, 118,294,328 and 118,046,674 held by the general partner and 1,150,574 held by common limited partners issued and outstanding 5,418,647 5,434,518
Noncontrolling interests in consolidated property partnerships (Note 1) 174,797 174,351
Total capital 5,593,444 5,608,869
TOTAL LIABILITIES AND EQUITY $ 10,867,832 $ 10,898,357