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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue, Product and Service [Extensible List] Service [Member] Service [Member]    
REVENUES        
Rental income (Note 10) $ 230,720 $ 227,122 $ 689,849 $ 664,111
Other property income 1,606 1,192 4,106 4,954
Total revenues 232,326 228,314 693,955 669,065
EXPENSES        
Property expenses 40,842 39,236 120,183 116,048
Real estate taxes 24,153 23,868 71,528 67,924
Ground leases (Notes 2 and 11) 1,708 2,119 5,559 6,766
General and administrative expenses (Note 9) 22,990 18,572 69,482 76,179
Leasing costs 798 986 2,373 3,772
Depreciation and amortization 73,213 71,863 222,734 226,318
Total expenses 163,704 156,644 491,859 497,007
OTHER INCOME (EXPENSES)        
Interest income and other net investment gain (Note 12) 976 1,869 3,686 1,579
Interest expense (Note 5) (16,105) (19,468) (59,829) (49,796)
Gain on sale of depreciable operating property (Note 3) 0 0 457,831 0
Total other (expenses) income (15,129) (17,599) 401,688 (48,217)
NET INCOME 53,493 54,071 603,784 123,841
Net income attributable to noncontrolling common units of the Operating Partnership (460) (785) (5,700) (1,857)
Net income attributable to noncontrolling interests in consolidated property partnerships (6,005) (4,258) (17,586) (13,521)
Total income attributable to noncontrolling interests (6,465) (5,043) (23,286) (15,378)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 47,028 $ 49,028 $ 580,498 $ 108,463
Net income available to common stockholders per share – basic (in dollars per share) $ 0.40 $ 0.42 $ 4.98 $ 0.95
Net income available to common stockholders per share – diluted (in dollars per share) $ 0.40 $ 0.42 $ 4.96 $ 0.95
Weighted average common shares outstanding – basic (in shares) 116,456,796 115,226,324 116,418,113 112,405,817
Weighted average common shares outstanding – diluted (in shares) 116,962,680 115,667,657 116,894,434 112,875,875
Kilroy Realty L.P. [Member]        
Revenue, Product and Service [Extensible List] Service [Member] Service [Member]    
REVENUES        
Rental income (Note 10) $ 230,720 $ 227,122 $ 689,849 $ 664,111
Other property income 1,606 1,192 4,106 4,954
Total revenues 232,326 228,314 693,955 669,065
EXPENSES        
Property expenses 40,842 39,236 120,183 116,048
Real estate taxes 24,153 23,868 71,528 67,924
Ground leases (Notes 2 and 11) 1,708 2,119 5,559 6,766
General and administrative expenses (Note 9) 22,990 18,572 69,482 76,179
Leasing costs 798 986 2,373 3,772
Depreciation and amortization 73,213 71,863 222,734 226,318
Total expenses 163,704 156,644 491,859 497,007
OTHER INCOME (EXPENSES)        
Interest income and other net investment gain (Note 12) 976 1,869 3,686 1,579
Interest expense (Note 5) (16,105) (19,468) (59,829) (49,796)
Gain on sale of depreciable operating property (Note 3) 0 0 457,831 0
Total other (expenses) income (15,129) (17,599) 401,688 (48,217)
NET INCOME 53,493 54,071 603,784 123,841
Total income attributable to noncontrolling interests (6,005) (4,343) (17,586) (13,886)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 47,488 $ 49,728 $ 586,198 $ 109,955
Net income available to common stockholders per share – basic (in dollars per share) $ 0.40 $ 0.42 $ 4.98 $ 0.95
Net income available to common stockholders per share – diluted (in dollars per share) $ 0.40 $ 0.42 $ 4.96 $ 0.94
Weighted average common shares outstanding – basic (in shares) 117,607,370 117,158,160 117,568,687 114,394,706
Weighted average common shares outstanding – diluted (in shares) 118,113,254 117,599,493 118,045,008 114,864,764