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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Rental income $ 189,858 $ 67,890
Total revenue 194,391 69,375
Expenses:    
Property operating 25,928 10,269
Real estate taxes 26,859 9,400
General, administrative and other 13,309 7,276
Merger and acquisition costs 925 0
Depreciation and amortization 121,504 30,634
Total expenses 188,525 57,579
Gain on sales of operating properties, net 3,168 26,207
Operating income 9,034 38,003
Interest expense (25,514) (12,242)
Income tax benefit of taxable REIT subsidiary 71 118
Equity in loss of unconsolidated subsidiaries (314) (318)
Other expense, net (103) (206)
Net (loss) income (16,826) 25,355
Net loss (income) attributable to noncontrolling interests 22 (778)
Net (loss) income attributable to common shareholders $ (16,804) $ 24,577
Net (loss) income per common share – basic & diluted    
Net (loss) income per common share - basic (in USD per share) $ (0.08) $ 0.29
Net (loss) income per common share - diluted (in USD per share) $ (0.08) $ 0.29
Weighted average common shares outstanding - basic (in shares) 218,981,168 84,336,577
Weighted average common shares outstanding - diluted (in shares) 218,981,168 84,446,989
Dividends per common share (in USD per share) $ 0.19 $ 0.15
Net (loss) income $ (16,826) $ 25,355
Change in fair value of derivatives 38,938 6,733
Total comprehensive income 22,112 32,088
Comprehensive income attributable to noncontrolling interests (203) (974)
Comprehensive income attributable to Kite Realty Group Trust 21,909 31,114
Kite Realty Group, L.P.    
Revenue:    
Rental income 189,858 67,890
Total revenue 194,391 69,375
Expenses:    
Property operating 25,928 10,269
Real estate taxes 26,859 9,400
General, administrative and other 13,309 7,276
Merger and acquisition costs 925 0
Depreciation and amortization 121,504 30,634
Total expenses 188,525 57,579
Gain on sales of operating properties, net 3,168 26,207
Operating income 9,034 38,003
Interest expense (25,514) (12,242)
Income tax benefit of taxable REIT subsidiary 71 118
Equity in loss of unconsolidated subsidiaries (314) (318)
Other expense, net (103) (206)
Net (loss) income (16,826) 25,355
Net loss (income) attributable to noncontrolling interests (144) (132)
Net (loss) income attributable to common shareholders (16,970) 25,223
Allocation of net (loss) income:    
Limited Partners (166) 646
Parent Company $ (16,804) $ 24,577
Net (loss) income per common share – basic & diluted    
Net (loss) income per common share - basic (in USD per share) $ (0.08) $ 0.29
Net (loss) income per common share - diluted (in USD per share) $ (0.08) $ 0.29
Weighted average common shares outstanding - basic (in shares) 221,428,198 86,862,153
Weighted average common shares outstanding - diluted (in shares) 221,428,198 86,972,566
Dividends per common share (in USD per share) $ 0.19 $ 0.15
Net (loss) income $ (16,826) $ 25,355
Change in fair value of derivatives 38,938 6,733
Total comprehensive income 22,112 32,088
Comprehensive income attributable to noncontrolling interests (144) (132)
Comprehensive income attributable to Kite Realty Group Trust 21,968 31,956
Other property-related revenue    
Revenue:    
Revenues 2,224 1,051
Other property-related revenue | Kite Realty Group, L.P.    
Revenue:    
Revenues 2,224 1,051
Fee income    
Revenue:    
Revenues 2,309 434
Fee income | Kite Realty Group, L.P.    
Revenue:    
Revenues $ 2,309 $ 434