v3.25.4
Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)
 12 Months Ended
Dec. 31, 2025
Net Income Available To Common Unitholders [Line Items]  
Schedule of Net income Available to Common Unitholders
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:
Year Ended December 31,
202520242023
(in thousands, except share and per share amounts)
Numerator:
Net income available to common stockholders$276,121 $210,969 $212,241 
Allocation to participating securities (1)
(925)(1,967)(1,233)
Numerator for basic and diluted net income available to common stockholders$275,196 $209,002 $211,008 
Denominator: 
Basic weighted average vested shares outstanding118,278,990 117,649,111 117,160,173 
Effect of dilutive securities 553,045 507,876 346,082 
Diluted weighted average vested shares and common stock equivalents outstanding118,832,035 118,156,987 117,506,255 
Basic earnings per share: 
Net income available to common stockholders per share$2.33 $1.78 $1.80 
Diluted earnings per share: 
Net income available to common stockholders per share$2.32 $1.77 $1.80 
_____________________ 
(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 Unitholders
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:
Year Ended December 31,
202520242023
(in thousands, except unit and per unit amounts)
Numerator:
Net income available to common unitholders$278,803 $213,031 $214,324 
Allocation to participating securities (1)
(925)(1,967)(1,233)
Numerator for basic and diluted net income available to common unitholders$277,878 $211,064 $213,091 
Denominator: 
Basic weighted average vested units outstanding119,428,865 118,799,685 118,310,747 
Effect of dilutive securities553,045 507,876 346,082 
Diluted weighted average vested units and common unit equivalents outstanding119,981,910 119,307,561 118,656,829 
Basic earnings per unit:
Net income available to common unitholders per unit$2.33 $1.78 $1.80 
Diluted earnings per unit: 
Net income available to common unitholders per unit$2.32 $1.77 $1.80 
____________________ 
(1)Participating securities include certain time-based RSUs and vested market measure-based RSUs.