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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Rental income $ 72,573   $ 234,726  
Rental income   $ 83,513   $ 256,696
Total revenue 74,943 85,747 239,940 267,245
Expenses:        
Property operating 11,041 12,092 33,939 37,184
Real estate taxes 9,640 11,205 29,775 32,351
General, administrative, and other 6,709 4,865 20,523 16,364
Depreciation and amortization 31,985 36,858 101,333 115,864
Impairment charges 8,538 0 37,723 38,847
Total expenses 67,913 65,020 223,293 240,610
(Loss) gain on sale of operating properties, net (5,714) 0 24,965 8,329
Operating income (loss) 1,316 20,727 41,612 34,964
Interest expense (14,302) (16,058) (46,884) (49,141)
Income tax benefit of taxable REIT subsidiary 41 27 189 78
Loss on debt extinguishment (7,045) 0 (9,622) 0
Equity in loss of unconsolidated subsidiary (11) 0 (677) 0
Other expense, net (116) (379) (444) (643)
Consolidated net (loss) income (20,117) 4,317 (15,826) (14,742)
Net loss (income) attributable to noncontrolling interests 382 (379) 10 (604)
Net (loss) income attributable to common shareholders/unitholders $ (19,735) $ 3,938 $ (15,816) $ (15,346)
Allocation of net (loss) income:        
Net (loss) income per common share - basic & diluted (in USD per share) $ (0.24) $ 0.05 $ (0.19) $ (0.18)
Weighted average common shares outstanding - basic (in shares) 83,960,841 83,706,704 83,914,923 83,670,038
Weighted average common shares outstanding - diluted (in shares) 83,960,841 83,767,655 83,914,923 83,670,038
Dividends declared per common share (in USD per share) $ 0.3175 $ 0.3175 $ 0.9525 $ 0.9525
Change in fair value of derivatives $ (4,425)   $ (17,135)  
Change in fair value of derivatives   $ 53   $ 2,780
Total comprehensive (loss) income (24,542) 4,370 (32,961) (11,962)
Comprehensive loss (income) attributable to noncontrolling interests 490 (381) 433 (674)
Comprehensive (loss) income attributable to Kite Realty Group Trust (24,052) 3,989 (32,528) (12,636)
KRG, LP        
Revenue:        
Rental income 72,573   234,726  
Rental income   83,513   256,696
Total revenue 74,943 85,747 239,940 267,245
Expenses:        
Property operating 11,041 12,092 33,939 37,184
Real estate taxes 9,640 11,205 29,775 32,351
General, administrative, and other 6,709 4,865 20,523 16,364
Depreciation and amortization 31,985 36,858 101,333 115,864
Impairment charges 8,538 0 37,723 38,847
Total expenses 67,913 65,020 223,293 240,610
(Loss) gain on sale of operating properties, net (5,714) 0 24,965 8,329
Operating income (loss) 1,316 20,727 41,612 34,964
Interest expense (14,302) (16,058) (46,884) (49,141)
Income tax benefit of taxable REIT subsidiary 41 27 189 78
Loss on debt extinguishment (7,045) 0 (9,622) 0
Equity in loss of unconsolidated subsidiary (11) 0 (677) 0
Other expense, net (116) (379) (444) (643)
Consolidated net (loss) income (20,117) 4,317 (15,826) (14,742)
Net loss (income) attributable to noncontrolling interests (132) (285) (396) (979)
Net (loss) income attributable to common shareholders/unitholders (20,249) 4,032 (16,222) (15,721)
Allocation of net (loss) income:        
Limited Partners (514) 94 (406) (375)
Parent Company $ (19,735) $ 3,938 $ (15,816) $ (15,346)
Net (loss) income per unit - basic & diluted (in USD per share) $ (0.24) $ 0.05 $ (0.19) $ (0.18)
Weighted average common shares outstanding - basic (in shares) 86,073,433 85,768,857 86,013,028 85,717,440
Weighted average common shares outstanding - diluted (in shares) 86,073,433 85,829,808 86,013,028 85,766,710
Dividends declared per common share (in USD per share) $ 0.3175 $ 0.3175 $ 0.9525 $ 0.9525
Change in fair value of derivatives $ (4,425)   $ (17,135)  
Change in fair value of derivatives   $ 53   $ 2,780
Total comprehensive (loss) income (24,542) 4,370 (32,961) (11,962)
Comprehensive loss (income) attributable to noncontrolling interests (132) (285) (396) (979)
Comprehensive (loss) income attributable to Kite Realty Group Trust (24,674) 4,085 (33,357) (12,941)
Other property related revenue        
Revenue:        
Total revenue 2,260 2,129 4,910 8,119
Other property related revenue | KRG, LP        
Revenue:        
Total revenue 2,260 2,129 4,910 8,119
Fee income        
Revenue:        
Total revenue 110 105 304 2,430
Fee income | KRG, LP        
Revenue:        
Total revenue $ 110 $ 105 $ 304 $ 2,430