XML 36 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Rental income $ 65,527 $ 82,358
Total revenue 69,912 83,515
Expenses:    
Property operating 10,801 11,431
Real estate taxes 8,934 10,206
General, administrative, and other 6,926 6,777
Depreciation and amortization 31,468 34,635
Impairment charges 0 4,077
Total expenses 58,129 67,126
Gain on sale of operating properties, net 1,043 6,587
Operating income 12,826 22,976
Interest expense (12,293) (16,459)
Income tax benefit of taxable REIT subsidiary 104 82
Equity in loss of unconsolidated subsidiaries (403) (427)
Other expense, net (104) (184)
Net income 130 5,988
Net income attributable to noncontrolling interests (204) (273)
Net (loss) income attributable to common shareholders/unitholders $ (74) $ 5,715
Allocation of net (loss) income:    
Net (loss) income per common share - basic & diluted (in USD per share) $ 0.00 $ 0.07
Weighted average common shares outstanding - basic (in shares) 84,023,090 83,843,681
Weighted average common shares outstanding - diluted (in shares) 84,023,090 84,034,997
Dividends declared per common share (in USD per share) $ 0.3175 $ 0.3175
Change in fair value of derivatives $ (16,571) $ (5,057)
Total comprehensive (loss) income (16,441) 931
Comprehensive loss (income) attributable to noncontrolling interests 200 (146)
Comprehensive (loss) income attributable to Kite Realty Group Trust (16,241) 785
KRG, LP    
Revenue:    
Rental income 65,527 82,358
Total revenue 69,912 83,515
Expenses:    
Property operating 10,801 11,431
Real estate taxes 8,934 10,206
General, administrative, and other 6,926 6,777
Depreciation and amortization 31,468 34,635
Impairment charges 0 4,077
Total expenses 58,129 67,126
Gain on sale of operating properties, net 1,043 6,587
Operating income 12,826 22,976
Interest expense (12,293) (16,459)
Income tax benefit of taxable REIT subsidiary 104 82
Equity in loss of unconsolidated subsidiaries (403) (427)
Other expense, net (104) (184)
Net income 130 5,988
Net income attributable to noncontrolling interests (132) (132)
Net (loss) income attributable to common shareholders/unitholders (2) 5,856
Allocation of net (loss) income:    
Limited Partners 72 141
Parent Company $ (74) $ 5,715
Net income attributable to common unitholders (in dollars per share) $ 0.00 $ 0.07
Weighted average common shares outstanding - basic (in shares) 86,200,410 85,912,080
Weighted average common shares outstanding - diluted (in shares) 86,200,410 86,102,496
Dividends declared per common share (in USD per share) $ 0.3175 $ 0.3175
Change in fair value of derivatives $ (16,571) $ (5,057)
Total comprehensive (loss) income (16,441) 931
Comprehensive loss (income) attributable to noncontrolling interests (132) (132)
Comprehensive (loss) income attributable to Kite Realty Group Trust (16,573) 799
Other property related revenue    
Revenue:    
Total revenue 4,281 1,055
Other property related revenue | KRG, LP    
Revenue:    
Total revenue 4,281 1,055
Fee income    
Revenue:    
Total revenue 104 102
Fee income | KRG, LP    
Revenue:    
Total revenue $ 104 $ 102