KILROY REALTY CORPORATION KRC Income Statement

Kilroy realty corporation (KRC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
REVENUES
Rental income (Note 8)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
857,580	837,454	808,061	779,098	765,678	747,298	734,017	728,989	722,515	719,001	710,085	696,899	676,434	642,572	621,340	594,545	580,639	581,275	575,627	563,098	544,049	521,725	494,727	479,248	469,905	457,111	427,169	412,609	391,885	373,318	340,355	327,769	319,048	310,424	295,045	287,922	271,948	254,994	287,005	278,779	0	0	0
EXPENSES
Property expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
81,660	78,097	74,962	72,426	72,313	70,820	67,992	66,901	65,631	66,449	66,706	64,836	62,138	55,206	52,369	49,955	48,540	50,223	49,701	48,622	46,923	45,197	42,645	41,725	40,742	39,417	36,491	35,149	33,561	31,562	28,183	26,789	26,756	26,981	26,743	26,973	25,328	23,474	26,088	24,649	0	0	0
Provision for bad debts (Notes 2 and 20)
-	-	-973	365	-	5,700	7,199	6,897	1,706	3,269	2,743	1,707	1,298	0	256	256	303	545	289	347	300	58	258	301	301	396	347	246	246	153	407	551	671	695	1,198	197	65	65	-600	-1,015	0	0	0
Ground leases (Note 9)
8,458	8,113	7,585	7,115	6,587	6,176	6,312	6,295	6,256	6,337	5,684	5,031	4,252	3,439	3,151	3,104	3,149	3,096	3,220	3,129	3,089	3,075	3,145	3,303	3,419	3,504	3,552	3,482	3,208	3,168	2,580	2,224	2,033	1,565	1,602	1,435	1,381	984	1,046	1,142	0	0	0
General and administrative expenses
83,808	88,139	99,646	96,347	98,253	90,471	73,430	68,667	61,207	60,581	59,830	58,849	58,525	57,029	53,014	50,280	48,934	48,265	48,546	48,885	48,109	46,152	43,716	42,804	40,802	39,660	39,193	37,694	37,090	36,188	34,538	32,166	30,355	28,148	27,222	28,140	27,428	27,963	28,758	28,793	0	0	0
Leasing costs
7,314	7,615	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,064	880	431	497	608	1,035	1,379	1,479	1,843	1,980	1,535	1,962	2,427	2,415	4,064	4,937	5,121	5,728	5,109	4,053	3,453	2,644	2,407	2,248	0	0	0	-	-
Depreciation and amortization
281,365	273,130	268,477	261,947	257,701	254,281	249,570	249,437	247,682	245,886	242,519	236,618	227,713	217,234	212,179	204,935	203,247	204,294	206,337	206,947	205,368	202,417	197,502	193,274	189,722	188,887	176,112	172,032	163,570	150,521	136,977	128,528	121,841	115,630	109,319	105,995	98,339	90,836	96,579	90,098	0	0	0
Total expenses
623,476	615,131	607,619	588,785	582,826	561,220	536,301	527,902	512,883	512,493	504,731	491,458	474,974	448,742	434,383	418,394	411,233	412,298	412,031	411,412	405,913	398,892	387,597	380,544	372,314	367,941	346,141	335,583	322,410	300,527	275,585	260,881	249,110	240,794	231,338	224,855	211,606	196,739	208,559	196,781	0	0	0
OTHER (EXPENSES) INCOME
Interest income and other net investment (loss) gain (Note 10)
-315	4,641	1,499	1,080	1,235	-559	3,021	4,205	4,472	5,503	4,273	3,285	2,558	1,764	1,186	-46	154	243	151	836	744	561	1,138	1,820	1,420	1,635	1,228	885	756	848	1,003	703	871	571	533	840	764	964	1,204	1,370	0	0	0
Interest expense (Note 3)
51,738	48,537	47,041	46,481	47,466	49,721	51,849	56,925	62,186	66,040	66,090	64,915	61,326	55,803	54,310	52,153	52,633	57,682	62,252	66,041	67,197	67,571	67,729	69,974	73,388	75,870	76,963	77,964	77,685	79,114	80,957	83,999	86,072	85,785	79,185	72,142	64,002	55,082	51,823	47,867	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-
INCOME FROM OPERATIONS BEFORE GAINS ON SALES OF REAL ESTATE
-	-	-	-	-	-	-	-	-	-	143,537	143,811	142,692	-	133,833	123,952	116,927	111,538	101,495	86,481	71,683	55,823	39,585	33,854	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Sales of Investment Real Estate
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	17,116	17,268	20,758	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
-	-	0	0	-	-	0	0	-	39,500	39,507	20,569	20,569	164,302	164,302	224,512	255,940	109,950	109,950	31,428	0	0	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other (expenses) income
-15,251	-7,094	103,755	103,896	95,897	91,848	-14,184	-18,076	-23,070	-25,893	102,190	102,377	105,239	109,968	-53,124	-52,199	-52,479	-57,439	-62,101	-65,205	-66,453	-67,010	-66,591	-68,154	-71,968	-74,235	-75,735	-77,079	-76,929	-78,266	-79,954	-83,296	-85,201	-85,214	-78,652	-71,302	-67,802	-58,682	-52,064	-47,942	0	0	0
INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,313	44,029	34,040	25,623	14,935	5,293	-53	-7,454	-5,475	-15,184	-16,408	-15,263	-15,584	2,953	0	0	-	0	-	-	0	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,573	9,176	14,476	16,119	17,378	22,997	21,838	21,836	23,331	31,673	32,110	32,160	31,486	10,790	0	0	-	0	-	-	-	0
Net gain on dispositions of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121,922	122,220	116,633	102,367	12,252	186,859	186,859	186,436	259,245	111,841	124,396	124,396	51,587	12,555	0	0	-	0	-	-	-	0
Total income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,495	131,396	131,109	118,486	29,630	209,856	208,697	208,272	282,576	143,514	156,506	156,556	83,073	23,345	0	0	-	0	-	-	-	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
218,853	215,229	304,197	294,209	278,749	277,926	143,576	180,754	184,305	180,615	183,493	164,380	162,966	303,798	297,688	348,017	372,715	238,604	240,726	153,325	125,878	183,808	175,425	165,149	144,109	44,565	215,149	208,644	200,818	277,101	128,330	140,098	141,293	67,489	28,013	17,392	15,876	19,886	26,732	36,406	0	0	0
Net income attributable to noncontrolling common units of the Operating Partnership
0	-	-	-	0	-	-	-	-	-	3,376	3,435	3,648	-	6,381	6,873	7,134	4,339	4,428	2,804	2,317	3,589	3,430	3,240	2,794	685	199	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests in consolidated property partnerships
0	-	-	-	0	-	-	-	-	-	11,296	9,339	6,313	-	1,622	595	379	184	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	370	70	20	178	448	879	0	0	0
Total income attributable to noncontrolling interests
20,496	19,786	21,034	20,492	19,677	19,511	16,852	17,320	16,972	16,003	14,672	12,774	9,961	10,010	8,003	7,468	7,513	4,523	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME ATTRIBUTABLE TO KILROY REALTY CORPORATION / KILROY REALTY, L.P.
-	-	-	-	-	-	-	-	-	164,612	168,821	151,606	153,005	293,788	289,685	340,549	365,202	234,081	236,298	150,521	123,561	180,219	171,995	161,909	141,315	43,880	210,404	204,097	196,448	270,914	125,468	136,873	138,058	66,015	27,643	17,322	15,856	19,708	26,284	35,527	0	0	0
Distributions to noncontrolling cumulative redeemable preferred units of the Operating Partnership (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,541	4,938	5,588	5,588	5,588	5,588	5,588	5,588	5,588	2,794	2,794	0	0	0
Redeemable Preferred Stock Dividends
-	-	-	-	-	-	-	-	-	5,774	9,086	11,591	13,288	13,250	13,250	13,250	13,250	13,250	13,250	13,250	13,250	13,250	13,250	13,249	13,250	13,250	13,251	12,472	10,859	10,567	9,656	9,525	10,227	9,608	9,608	9,608	9,608	9,608	4,804	4,804	0	0	0
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	7,589	7,589	3,845	3,845	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	6,980	6,980	4,918	4,918	0	0	0	0	-	-	-	-	-	-
Preferred Stock Dividends and Other Adjustments
-	-	-	-	-	-	-	-	-	13,363	16,675	15,436	17,133	13,250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	21,088	21,574	20,031	20,733	15,196	15,196	15,196	15,196	15,196	7,598	7,598	0	0	0
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS)
198,357	195,443	283,163	273,717	259,072	258,415	126,724	158,882	161,166	151,249	152,146	136,170	135,872	280,538	276,435	327,299	351,952	220,831	223,048	137,271	110,311	166,969	158,745	148,660	128,065	30,630	197,153	188,816	181,383	249,826	103,894	116,842	117,325	50,819	12,447	2,126	660	4,512	11,088	20,331	0	0	0
Income (loss) from continuing operations available to common stockholders per share (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	0.11	0.14	0.08	0.00	0.00	0.05	-0.05	-0.13	-0.10	-0.05	-0.12	-0.34	-0.12	-0.05	-0.04	-	-0.01	-	-	0.17	0.19
Income (loss) from continuing operations available to common stockholders per share (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	0.11	0.14	0.08	0.00	0.00	0.05	-0.05	-0.13	-0.10	-0.05	-0.12	-0.34	-0.12	-0.05	-0.04	-	-0.01	-	-	0.17	0.19
Earnings Per Share, Basic
0.37	0.69	0.41	0.41	0.36	1.59	0.34	0.27	0.36	0.28	0.67	0.30	0.27	0.29	0.54	0.32	1.85	0.28	1.10	0.61	0.45	0.31	0.18	0.33	1.17	0.24	0.07	0.08	-0.02	2.56	-0.04	-0.02	1.06	0.70	0.17	-0.01	0.01	0.01	-0.01	-0.04	0.11	0.17	0.25
Earnings Per Share, Diluted
0.37	0.68	0.41	0.41	0.36	1.59	0.33	0.27	0.36	0.28	0.67	0.30	0.26	0.28	0.54	0.31	1.84	0.27	1.09	0.61	0.45	0.31	0.18	0.32	1.14	0.24	0.07	0.08	-0.02	2.56	-0.04	-0.02	1.06	0.70	0.17	-0.01	0.01	0.01	-0.01	-0.04	0.11	0.17	0.25
Weighted Average Number of Shares Outstanding, Basic
106,875	106,087	104,841	100,972	100,901	100,776	100,676	99,691	98,744	98,438	98,352	98,275	97,388	92,708	92,227	92,209	92,224	92,243	92,150	88,126	86,896	84,797	83,161	82,277	82,124	82,142	76,768	75,486	74,977	74,675	71,889	68,344	63,648	58,525	58,355	57,685	52,302	52,406	52,274	50,296	43,012	42,934	35,964
Weighted Average Number of Shares Outstanding, Diluted
107,389	106,784	105,359	101,809	101,443	101,336	101,228	100,150	99,213	99,152	98,911	98,827	98,018	93,612	92,920	92,824	92,734	92,863	92,639	88,645	87,434	86,018	85,110	84,602	84,140	80,175	76,768	77,453	74,977	74,675	71,889	68,344	63,648	58,525	58,355	57,685	52,302	52,404	52,274	50,296	43,014	42,935	35,964
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.42	0.42	0.37	-	0.37	0.37	0.35	-	0.35	0.35	0.35	-	0.35	0.35	0.35	-	0.35	0.35	0.35	-	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35
Kilroy Realty L.P. [Member]
Rental income (Note 8)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
857,580	837,454	808,061	779,098	765,678	747,298	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
81,660	78,097	74,962	72,426	72,313	70,820	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts (Notes 2 and 20)
-	-	-1,029	309	-	5,685	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ground leases (Note 9)
8,458	8,113	7,585	7,115	6,587	6,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
83,808	88,139	99,646	96,347	98,253	90,471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasing costs
7,314	7,615	0	0	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
281,365	273,130	268,477	261,947	257,701	254,281	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
623,476	615,131	607,619	588,785	582,826	561,220	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income and other net investment (loss) gain (Note 10)
-315	4,641	1,499	1,080	1,235	-559	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense (Note 3)
51,738	48,537	47,041	46,481	47,466	49,721	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other (expenses) income
-15,251	-7,094	103,755	103,896	95,897	91,848	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
218,853	215,229	304,197	294,209	278,749	277,926	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total income attributable to noncontrolling interests
17,234	16,491	15,890	15,498	14,924	14,716	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS)
201,619	198,738	288,307	278,711	263,825	263,210	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
0.37	0.69	0.41	0.41	0.36	1.59	0.34	0.27	0.36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
0.36	0.68	0.41	0.41	0.36	1.59	0.33	0.27	0.36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
108,897	108,110	106,864	102,995	102,925	102,801	102,721	101,762	100,815	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
109,411	108,807	107,383	103,832	103,466	103,361	103,273	102,221	101,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income [Member]
Revenues
-	-	776,289	726,256	-	656,631	648,043	645,709	640,119	633,896	625,993	612,578	597,306	574,413	557,410	540,381	528,178	525,355	519,309	505,020	487,162	466,328	443,464	431,597	420,390	411,899	385,859	373,333	359,422	342,164	313,901	302,746	294,430	287,078	274,303	266,765	251,645	235,304	259,126	249,589	0	0	0
Tenant reimbursements [Member]
Revenues
-	-	20,511	42,265	-	80,982	78,802	76,713	76,413	76,559	75,359	72,100	68,971	61,079	57,442	52,717	50,753	53,774	53,598	53,263	49,623	46,717	43,016	41,253	40,436	38,047	34,793	33,232	31,617	29,667	24,722	23,087	22,115	20,957	19,178	18,947	18,300	17,996	25,200	26,447	0	0	0
Other property income [Member]
Revenues
-	-	11,261	10,577	-	9,685	7,172	6,567	5,983	8,546	8,733	12,221	10,157	7,080	6,488	1,447	1,708	2,146	2,720	4,815	7,264	8,680	8,247	6,398	9,079	7,165	6,517	6,044	846	1,487	1,732	1,936	2,503	2,389	1,564	2,210	2,003	1,694	2,679	2,743	0	0	0
Property [Member]
Property expenses (Note 2)
-	-	152,379	146,234	-	133,787	131,757	129,664	130,401	129,971	126,311	123,291	119,208	113,932	112,350	108,984	106,629	105,378	103,330	102,447	100,745	100,514	98,488	97,157	95,793	94,115	88,019	84,565	80,671	73,998	67,779	64,895	62,345	63,722	61,801	59,471	56,658	51,169	55,064	51,844	0	0	0