XML 56 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)
3 Months Ended
Mar. 31, 2021
Net Income Available To Common Unitholders [Line Items]  
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, 2021 and 2020:
 Three Months Ended March 31,
 20212020
 (in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$497,631 $39,817 
Allocation to participating securities (1)
(365)(543)
Numerator for basic and diluted net income available to common stockholders$497,266 $39,274 
Denominator:  
Basic weighted average vested shares outstanding116,344,375 106,875,234 
Effect of dilutive securities457,009 514,341 
Diluted weighted average vested shares and common stock equivalents outstanding116,801,384 107,389,575 
Basic earnings per share:  
Net income available to common stockholders per share$4.27 $0.37 
Diluted earnings per share:  
Net income available to common stockholders per share$4.26 $0.37 
________________________ 
(1)Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.
Kilroy Realty L.P. [Member]  
Net Income Available To Common Unitholders [Line Items]  
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, 2021 and 2020:
 Three Months Ended March 31,
 20212020
 (in thousands, except unit and per unit amounts)
Numerator:
Net income available to common unitholders$502,517 $40,389 
Allocation to participating securities (1)
(365)(543)
Numerator for basic and diluted net income available to common unitholders$502,152 $39,846 
Denominator:  
Basic weighted average vested units outstanding117,494,949 108,897,027 
Effect of dilutive securities457,009 514,341 
Diluted weighted average vested units and common unit equivalents outstanding117,951,958 109,411,368 
Basic earnings per unit:
Net income available to common unitholders per unit$4.27 $0.37 
Diluted earnings per unit:  
Net income available to common unitholders per unit$4.26 $0.36 
________________________ 
(1)Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.