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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Rental income $ 64,293 $ 72,573 $ 191,359 $ 234,726
Total revenue 65,067 74,943 198,284 239,940
Expenses:        
Property operating 10,330 11,041 30,450 33,939
Real estate taxes 9,362 9,640 26,551 29,775
General, administrative, and other 6,482 6,709 19,986 20,523
Depreciation and amortization 33,953 31,985 96,830 101,333
Impairment charges 0 8,538 0 37,723
Total expenses 60,127 67,913 173,817 223,293
Gain (loss) on sale of operating properties, net 3,226 (5,714) 4,893 24,965
Operating income 8,166 1,316 29,360 41,612
Interest expense (12,550) (14,302) (38,115) (46,884)
Income tax benefit of taxable REIT subsidiary 190 41 496 189
Loss on debt extinguishment 0 (7,045) 0 (9,622)
Equity in loss of unconsolidated subsidiaries (417) (11) (1,256) (677)
Other (expense) income, net (16) (116) 234 (444)
Net loss (4,627) (20,117) (9,281) (15,826)
Net loss (income) attributable to noncontrolling interests 40 382 (148) 10
Net loss attributable to Kite Realty Group Trust $ (4,587) $ (19,735) $ (9,429) $ (15,816)
Allocation of net loss:        
Net loss per common share - basic & diluted (in USD per share) $ (0.05) $ (0.24) $ (0.11) $ (0.19)
Weighted average common shares outstanding - basic & diluted (in shares) 84,194,268 83,960,841 84,125,219 83,914,923
Cash dividends per common share (in USD per share) $ 0.0520 $ 0.3175 $ 0.3695 $ 0.9525
Change in fair value of derivatives $ 1,081 $ (4,425) $ (17,112) $ (17,135)
Total comprehensive loss (3,546) (24,542) (26,393) (32,961)
Comprehensive loss attributable to noncontrolling interests 12 490 270 433
Comprehensive loss attributable to Kite Realty Group Trust (3,534) (24,052) (26,123) (32,528)
KRG, LP        
Revenue:        
Rental income 64,293 72,573 191,359 234,726
Total revenue 65,067 74,943 198,284 239,940
Expenses:        
Property operating 10,330 11,041 30,450 33,939
Real estate taxes 9,362 9,640 26,551 29,775
General, administrative, and other 6,482 6,709 19,986 20,523
Depreciation and amortization 33,953 31,985 96,830 101,333
Impairment charges 0 8,538 0 37,723
Total expenses 60,127 67,913 173,817 223,293
Gain (loss) on sale of operating properties, net 3,226 (5,714) 4,893 24,965
Operating income 8,166 1,316 29,360 41,612
Interest expense (12,550) (14,302) (38,115) (46,884)
Income tax benefit of taxable REIT subsidiary 190 41 496 189
Loss on debt extinguishment 0 (7,045) 0 (9,622)
Equity in loss of unconsolidated subsidiaries (417) (11) (1,256) (677)
Other (expense) income, net (16) (116) 234 (444)
Net loss (4,627) (20,117) (9,281) (15,826)
Net loss (income) attributable to noncontrolling interests (132) (132) (396) (396)
Net loss attributable to Kite Realty Group Trust (4,759) (20,249) (9,677) (16,222)
Allocation of net loss:        
Limited Partners (172) (514) (248) (406)
Parent Company $ (4,587) $ (19,735) $ (9,429) $ (15,816)
Net loss per common share - basic & diluted (in USD per share) $ (0.05) $ (0.24) $ (0.11) $ (0.19)
Weighted average common shares outstanding - basic & diluted (in shares) 86,429,259 86,073,433 86,341,057 86,013,028
Cash dividends per common share (in USD per share) $ 0.0520 $ 0.3175 $ 0.3695 $ 0.9525
Change in fair value of derivatives $ 1,081 $ (4,425) $ (17,112) $ (17,135)
Total comprehensive loss (3,546) (24,542) (26,393) (32,961)
Comprehensive loss attributable to noncontrolling interests (132) (132) (396) (396)
Comprehensive loss attributable to Kite Realty Group Trust (3,678) (24,674) (26,789) (33,357)
Other property related revenue        
Revenue:        
Total revenue 670 2,260 6,626 4,910
Other property related revenue | KRG, LP        
Revenue:        
Total revenue 670 2,260 6,626 4,910
Fee income        
Revenue:        
Total revenue 104 110 299 304
Fee income | KRG, LP        
Revenue:        
Total revenue $ 104 $ 110 $ 299 $ 304