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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Rental income $ 367,399 $ 257,670 $ 308,399
Total revenue 373,324 266,645 315,173
Expenses:      
Property operating 55,561 41,012 45,575
Real estate taxes 49,530 35,867 38,777
General, administrative and other 33,984 30,840 28,214
Merger and acquisition costs 86,522 0 0
Depreciation and amortization 200,460 128,648 132,098
Impairment charges 0 0 37,723
Total expenses 426,057 236,367 282,387
Gain on sales of operating properties, net 31,209 4,733 38,971
Operating (loss) income (21,524) 35,011 71,757
Interest expense (60,447) (50,399) (59,268)
Income tax benefit of taxable REIT subsidiary 310 696 282
Loss on debt extinguishment 0 0 (11,572)
Equity in loss of unconsolidated subsidiaries (416) (1,685) (628)
Other income (expense), net 355 254 (573)
Consolidated net loss (81,722) (16,123) (2)
Net loss (income) attributable to noncontrolling interests 916 (100) (532)
Net loss attributable to Kite Realty Group Trust common shareholders $ (80,806) $ (16,223) $ (534)
Net loss per common share – basic & diluted      
Net loss per common share – basic (in dollars per share) $ (0.73) $ (0.19) $ (0.01)
Net loss per common share – diluted (in dollars per share) $ (0.73) $ (0.19) $ (0.01)
Weighted average common shares outstanding - basic (in shares) 110,637,562 84,142,261 83,926,296
Weighted average common shares outstanding - diluted (in shares) 110,637,562 84,142,261 83,926,296
Dividends declared per common share (in dollars per share) $ 0.68 $ 0.4495 $ 1.27
Consolidated net loss $ (81,722) $ (16,123) $ (2)
Change in fair value of derivatives 15,670 (14,969) (13,158)
Total comprehensive loss (66,052) (31,092) (13,160)
Comprehensive loss (income) attributable to noncontrolling interests 229 367 (160)
Comprehensive loss attributable to parent (65,823) (30,725) (13,320)
Other property-related revenue      
Revenue:      
Revenues 4,683 8,597 6,326
Fee income      
Revenue:      
Revenues 1,242 378 448
Kite Realty Group, L.P.      
Revenue:      
Rental income 367,399 257,670 308,399
Total revenue 373,324 266,645 315,173
Expenses:      
Property operating 55,561 41,012 45,575
Real estate taxes 49,530 35,867 38,777
General, administrative and other 33,984 30,840 28,214
Merger and acquisition costs 86,522 0 0
Depreciation and amortization 200,460 128,648 132,098
Impairment charges 0 0 37,723
Total expenses 426,057 236,367 282,387
Gain on sales of operating properties, net 31,209 4,733 38,971
Operating (loss) income (21,524) 35,011 71,757
Interest expense (60,447) (50,399) (59,268)
Income tax benefit of taxable REIT subsidiary 310 696 282
Loss on debt extinguishment 0 0 (11,572)
Equity in loss of unconsolidated subsidiaries (416) (1,685) (628)
Other income (expense), net 355 254 (573)
Consolidated net loss (81,722) (16,123) (2)
Net loss (income) attributable to noncontrolling interests (514) (528) (528)
Net loss attributable to Kite Realty Group Trust common shareholders (82,236) (16,651) (530)
Allocation of net (loss) income:      
Limited Partners (1,430) (428) 4
Parent Company $ (80,806) $ (16,223) $ (534)
Net loss per common share – basic & diluted      
Net loss per common share – basic (in dollars per share) $ (0.73) $ (0.19) $ (0.01)
Net loss per common share – diluted (in dollars per share) $ (0.73) $ (0.19) $ (0.01)
Weighted average common shares outstanding - basic (in shares) 113,103,177 86,361,139 86,027,409
Weighted average common shares outstanding - diluted (in shares) 113,103,177 86,361,139 86,027,409
Dividends declared per common share (in dollars per share) $ 0.68 $ 0.4495 $ 1.27
Consolidated net loss $ (81,722) $ (16,123) $ (2)
Change in fair value of derivatives 15,670 (14,969) (13,158)
Total comprehensive loss (66,052) (31,092) (13,160)
Comprehensive loss (income) attributable to noncontrolling interests (514) (528) (528)
Comprehensive loss attributable to parent (66,566) (31,620) (13,688)
Kite Realty Group, L.P. | Other property-related revenue      
Revenue:      
Revenues 4,683 8,597 6,326
Kite Realty Group, L.P. | Fee income      
Revenue:      
Revenues $ 1,242 $ 378 $ 448