2024 Q4 Form 10-Q Financial Statement

#000102599624000267 Filed on October 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $289.9M
YoY Change 2.24%
Cost Of Revenue $93.25M
YoY Change 3.38%
Gross Profit $196.7M
YoY Change 1.7%
Gross Profit Margin 67.84%
Selling, General & Admin $20.42M
YoY Change -23.24%
% of Gross Profit 10.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $91.88M
YoY Change 7.71%
% of Gross Profit 46.71%
Operating Expenses $205.5M
YoY Change 1.74%
Operating Profit -$8.854M
YoY Change 2.54%
Interest Expense -$26.72M
YoY Change -189.55%
% of Operating Profit
Other Income/Expense, Net -$26.72M
YoY Change 17.08%
Pretax Income $57.67M
YoY Change -1.75%
Income Tax
% Of Pretax Income
Net Earnings $57.67M
YoY Change -1.81%
Net Earnings / Revenue 19.89%
Basic Earnings Per Share $0.44
Diluted Earnings Per Share $0.44
COMMON SHARES
Basic Shares Outstanding 118.0M shares 117.4M shares
Diluted Shares Outstanding 118.2M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $652.5M
YoY Change -27.3%
Cash & Equivalents $625.4M
Short-Term Investments $27.14M
Other Short-Term Assets $13.15M
YoY Change -6.1%
Inventory
Prepaid Expenses
Receivables $11.22M
Other Receivables $0.00
Total Short-Term Assets $1.105B
YoY Change -0.42%
LONG-TERM ASSETS
Property, Plant & Equipment $10.00B
YoY Change 1.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $27.14M
YoY Change -90.27%
Other Assets $242.2M
YoY Change 2.62%
Total Long-Term Assets $10.28B
YoY Change -0.83%
TOTAL ASSETS
Total Short-Term Assets $1.105B
Total Long-Term Assets $10.28B
Total Assets $11.38B
YoY Change -0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $354.8M
YoY Change -16.91%
Accrued Expenses $128.6M
YoY Change 2.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $548.2M
YoY Change -11.0%
LONG-TERM LIABILITIES
Long-Term Debt $5.001B
YoY Change 1.34%
Other Long-Term Liabilities $222.7M
YoY Change -11.98%
Total Long-Term Liabilities $5.224B
YoY Change 0.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $548.2M
Total Long-Term Liabilities $5.224B
Total Liabilities $5.772B
YoY Change -0.54%
SHAREHOLDERS EQUITY
Retained Earnings $176.0M
YoY Change -25.96%
Common Stock $1.181M
YoY Change 0.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.380B
YoY Change
Total Liabilities & Shareholders Equity $11.38B
YoY Change -0.79%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $57.67M
YoY Change -1.81%
Depreciation, Depletion And Amortization $91.88M
YoY Change 7.71%
Cash From Operating Activities $176.3M
YoY Change -15.54%
INVESTING ACTIVITIES
Capital Expenditures $174.4M
YoY Change 17.65%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$174.4M
YoY Change -56.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -212.5M
YoY Change -147.3%
NET CHANGE
Cash From Operating Activities 176.3M
Cash From Investing Activities -174.4M
Cash From Financing Activities -212.5M
Net Change In Cash -210.5M
YoY Change -181.94%
FREE CASH FLOW
Cash From Operating Activities $176.3M
Capital Expenditures $174.4M
Free Cash Flow $1.987M
YoY Change -96.72%

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12241648000 usd
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2747494000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2518304000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
625395000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
510163000 usd
CY2024Q3 us-gaap Trading Securities
TradingSecurities
27144000 usd
CY2023Q4 us-gaap Trading Securities
TradingSecurities
284670000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11218000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13609000 usd
CY2024Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
455613000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
460979000 usd
CY2024Q3 krc Deferred Leasing Costs And Acquisition Related Intangible Assets Net
DeferredLeasingCostsAndAcquisitionRelatedIntangibleAssetsNet
226991000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
129492000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
125506000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
73495000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
53069000 usd
CY2024Q3 us-gaap Assets
Assets
11380634000 usd
CY2023Q4 us-gaap Assets
Assets
11401045000 usd
CY2024Q3 us-gaap Secured Debt
SecuredDebt
599478000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
603225000 usd
CY2024Q3 us-gaap Unsecured Debt
UnsecuredDebt
4401678000 usd
CY2023Q4 us-gaap Unsecured Debt
UnsecuredDebt
4325153000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
354785000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
5772094000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
5741352000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
118046674 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
118046674 shares
CY2024Q3 us-gaap Minority Interest
MinorityInterest
228202000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
231532000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5608540000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5659693000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11380634000 usd
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2977000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2390000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
8725000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
7172000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18066000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24761000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
54596000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71356000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6751000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
4550000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
57673000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1107000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6682000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
21718000 usd
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4629000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
64833000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5608540000 usd
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
8363000 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7068000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
65269000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5672422000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
61275000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
726000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9496000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1340000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10393000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
64592000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5667594000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
58737000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
538000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12310000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1892000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5349000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
64413000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5667525000 usd
us-gaap Profit Loss
ProfitLoss
167920000 usd
us-gaap Profit Loss
ProfitLoss
185242000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
262292000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
263662000 usd
krc Depreciation Non Real Estate Assets
DepreciationNonRealEstateAssets
4769000 usd
krc Depreciation Non Real Estate Assets
DepreciationNonRealEstateAssets
5600000 usd
krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
ProvisionforDoubtfulAccountsIncludingTenantsLeaseAgreement
4657000 usd
krc Provisionfor Doubtful Accounts Including Tenants Lease Agreement
ProvisionforDoubtfulAccountsIncludingTenantsLeaseAgreement
3931000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
13271000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
28360000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5243000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3921000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2675000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-5675000 usd
krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
13539000 usd
krc Noncash Amortization Of Deferred Revenue Related To Tenant Funded Tenant Improvements
NoncashAmortizationOfDeferredRevenueRelatedToTenantFundedTenantImprovements
14643000 usd
us-gaap Straight Line Rent
StraightLineRent
888000 usd
us-gaap Straight Line Rent
StraightLineRent
16533000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
796000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
765000 usd
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
7427000 usd
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-2042000 usd
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1507000 usd
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
35694000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
432912000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
492366000 usd
krc Proceeds From Payments For Maturity Purchases Of Certificates Of Deposit
ProceedsFromPaymentsForMaturityPurchasesOfCertificatesOfDeposit
-256581000 usd
krc Proceeds From Payments For Maturity Purchases Of Certificates Of Deposit
ProceedsFromPaymentsForMaturityPurchasesOfCertificatesOfDeposit
252830000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
290593000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
338794000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
64381000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
68853000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
35155000 usd
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-133548000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-660477000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
17446000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
22818000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
191938000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
191499000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
27636000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11595000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18146000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10962000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4482000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4310000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
395516000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
375000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
320000000 usd
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 usd
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 usd
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
320000000 usd
krc Payments For Repurchase Of Unsecured Debt
PaymentsForRepurchaseOfUnsecuredDebt
0 usd
krc Payments For Repurchase Of Unsecured Debt
PaymentsForRepurchaseOfUnsecuredDebt
14290000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-184132000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
439526000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115232000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
271415000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510163000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
347379000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
625395000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
618794000 usd
krc Payments For Repurchase Of Unsecured Debt
PaymentsForRepurchaseOfUnsecuredDebt
0 usd
krc Payments For Repurchase Of Unsecured Debt
PaymentsForRepurchaseOfUnsecuredDebt
14290000 usd
krc Lease Up Properties Maximum Stabilized Occupancy Percentage
LeaseUpPropertiesMaximumStabilizedOccupancyPercentage
0.95
krc Lease Up Properties Maximum Stabilized Occupancy Duration
LeaseUpPropertiesMaximumStabilizedOccupancyDuration
P1Y
CY2024Q3 krc Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
0 property
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
6000000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
15703000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Finite Lived Intangibles
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFiniteLivedIntangibles
13534000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Prepaid Expenses And Other Assets Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPrepaidExpensesAndOtherAssetsNet
30000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
35267000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Acquisition Related Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAcquisitionRelatedIntangibleAssets
267000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
267000 usd
CY2024Q3 krc Asset Acquisition Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
35000000 usd
CY2024Q3 krc Asset Acquisition Acquisition Related Costs
AssetAcquisitionAcquisitionRelatedCosts
200000 usd
CY2024Q3 us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
300000 usd
CY2024Q3 krc Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P4Y10M24D
CY2024Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
27144000 usd
CY2023Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
28089000 usd
CY2024Q3 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
0 usd
CY2024Q3 us-gaap Marketable Securities
MarketableSecurities
27144000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
284670000 usd
CY2024Q3 krc Furniture And Fixtures Net
FurnitureAndFixturesNet
38934000 usd
CY2023Q4 krc Furniture And Fixtures Net
FurnitureAndFixturesNet
37073000 usd
CY2024Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28346000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
10532000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
6215000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
5464000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
73495000 usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
10 trading_day
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
45400000 usd
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
47000000 usd
CY2024Q3 krc Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Plans
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofPlans
1 compensation_plan
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
12600000 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2600000 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33400000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2100000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5100000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1700000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5000000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
30300000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
204645000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
815864000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
775705000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
720685000 usd
CY2024Q3 krc Ground Lease Weighted Average Discount Rate Percent
GroundLeaseWeightedAverageDiscountRatePercent
0.0467
CY2024Q3 krc Ground Lease Weighted Average Remaining Lease Term
GroundLeaseWeightedAverageRemainingLeaseTerm
P63Y
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1200000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1000000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3500000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3000000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid Remainder Of Fiscal Year
LesseeGroundLeaseLiabilityToBePaidRemainderOfFiscalYear
1684000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid Year One
LesseeGroundLeaseLiabilityToBePaidYearOne
6772000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid Year Two
LesseeGroundLeaseLiabilityToBePaidYearTwo
6809000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid Year Three
LesseeGroundLeaseLiabilityToBePaidYearThree
6850000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid Year Four
LesseeGroundLeaseLiabilityToBePaidYearFour
6869000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid Year Five
LesseeGroundLeaseLiabilityToBePaidYearFive
6869000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid After Year Five
LesseeGroundLeaseLiabilityToBePaidAfterYearFive
367744000 usd
CY2024Q3 krc Lessee Ground Lease Liability To Be Paid
LesseeGroundLeaseLiabilityToBePaid
403597000 usd
CY2024Q3 krc Lessee Ground Lease Liability Undiscounted Excess Amount
LesseeGroundLeaseLiabilityUndiscountedExcessAmount
274991000 usd
CY2024Q3 krc Ground Lease Liability
GroundLeaseLiability
128606000 usd
krc Period For Ground Lease Rentals Adjustment
PeriodForGroundLeaseRentalsAdjustment
P5Y
krc Period For Ground Lease Rentals Adjustment
PeriodForGroundLeaseRentalsAdjustment
P5Y
krc Ground Lease Minimum Rent Increase Periodof Increase Two
GroundLeaseMinimumRentIncreasePeriodofIncreaseTwo
P10Y
krc Ground Lease Minimum Rent Increase Percentageof Annual Percentage Rent Two
GroundLeaseMinimumRentIncreasePercentageofAnnualPercentageRentTwo
0.60
krc Ground Lease Previous Period Included In Average Annual Rent Percentage Rent Two
GroundLeasePreviousPeriodIncludedInAverageAnnualRentPercentageRentTwo
P3Y
krc Ground Lease Minimum Rent Increase Five Years Percentageof Annual Percentage Rent
GroundLeaseMinimumRentIncreaseFiveYearsPercentageofAnnualPercentageRent
0.05
krc Ground Lease Minimum Rent Increase Percentage Of Annual Percentage Rent
GroundLeaseMinimumRentIncreasePercentageOfAnnualPercentageRent
0.02
krc Ground Lease Reset Period
GroundLeaseResetPeriod
P10Y
krc Remaining Ground Lease Obligation Period
RemainingGroundLeaseObligationPeriod
P10Y
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52378000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52762000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
151509000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
164957000 usd
CY2024Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
173000 usd
CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
269000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1792000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
959000 usd
CY2024Q3 krc Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
52205000 usd
CY2023Q3 krc Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
52493000 usd
krc Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
149717000 usd
krc Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
163998000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117830481 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117184609 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117515623 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117133420 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
413432 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
310637 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
439140 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
277975 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
118243913 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117495246 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117954763 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117411395 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.40
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
57839000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
53637000 usd
us-gaap Interest Paid Net
InterestPaidNet
86410000 usd
us-gaap Interest Paid Net
InterestPaidNet
60528000 usd
krc Payments For Ground Leases
PaymentsForGroundLeases
5156000 usd
krc Payments For Ground Leases
PaymentsForGroundLeases
4939000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
60072000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
98631000 usd
krc Tenant Improvements Funded Directly By Tenants To Third Parties
TenantImprovementsFundedDirectlyByTenantsToThirdParties
2204000 usd
krc Tenant Improvements Funded Directly By Tenants To Third Parties
TenantImprovementsFundedDirectlyByTenantsToThirdParties
6026000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4782000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
krc Common Stockholders And Unitholders Dividends And Distributions Declared But Not Paid
CommonStockholdersAndUnitholdersDividendsAndDistributionsDeclaredButNotPaid
64844000 usd
krc Common Stockholders And Unitholders Dividends And Distributions Declared But Not Paid
CommonStockholdersAndUnitholdersDividendsAndDistributionsDeclaredButNotPaid
64423000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
510163000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
347379000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510163000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
347379000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
625395000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
618794000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
625395000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
618794000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
krc-20240930_cal.xml Edgar Link unprocessable
krc-20240930_def.xml Edgar Link unprocessable
0001025996-24-000267-index-headers.html Edgar Link pending
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0001025996-24-000267-xbrl.zip Edgar Link pending
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