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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG, LP - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Rental income $ 194,261 $ 67,990 $ 384,119 $ 135,880
Total revenue 202,605 69,532 396,996 138,906
Expenses:        
Property operating 26,123 10,227 52,051 20,496
Real estate taxes 27,883 8,550 54,742 17,950
General, administrative and other 13,809 8,159 27,118 15,435
Merger and acquisition costs (27) 760 898 760
Depreciation and amortization 119,761 29,798 241,265 60,431
Total expenses 187,549 57,494 376,074 115,072
Gain on sales of operating properties, net 23,958 50 27,126 26,258
Operating income 39,014 12,088 48,048 50,092
Interest expense (25,709) (12,266) (51,223) (24,508)
Income tax benefit of taxable REIT subsidiary 188 100 259 218
Equity in earnings (loss) of unconsolidated subsidiaries 114 (244) (200) (562)
Other (expense) income, net (162) 227 (265) 19
Net income (loss) 13,445 (95) (3,381) 25,259
Net income attributable to noncontrolling interests (314) (147) (292) (926)
Net income (loss) attributable to common shareholders/unitholders $ 13,131 $ (242) $ (3,673) $ 24,333
Net income (loss) per common share – basic and diluted        
Net (loss) income per common unit - basic (in USD per share) $ 0.06 $ 0.00 $ (0.02) $ 0.29
Net (loss) income per common unit - diluted (in USD per share) $ 0.06 $ 0.00 $ (0.02) $ 0.29
Weighted average common units outstanding – basic (in shares) 219,073,778 84,509,871 219,027,729 84,423,703
Weighted average common units outstanding – diluted (in shares) 219,744,300 84,509,871 219,027,729 85,280,156
Distributions declared per common unit (in USD per share) $ 0.20 $ 0.17 $ 0.39 $ 0.32
Net income (loss) $ 13,445 $ (95) $ (3,381) $ 25,259
Change in fair value of derivatives 17,559 1 56,497 6,732
Total comprehensive income (loss) 31,004 (94) 53,116 31,991
Comprehensive income attributable to noncontrolling interests (727) (154) (930) (1,129)
Comprehensive income (loss) attributable to the Company/common unitholders 30,277 (248) 52,186 30,862
Other property-related revenue        
Revenue:        
Revenues 5,673 1,027 7,897 2,078
Fee income        
Revenue:        
Revenues 2,671 515 4,980 948
Kite Realty Group, L.P.        
Revenue:        
Rental income 194,261 67,990 384,119 135,880
Total revenue 202,605 69,532 396,996 138,906
Expenses:        
Property operating 26,123 10,227 52,051 20,496
Real estate taxes 27,883 8,550 54,742 17,950
General, administrative and other 13,809 8,159 27,118 15,435
Merger and acquisition costs (27) 760 898 760
Depreciation and amortization 119,761 29,798 241,265 60,431
Total expenses 187,549 57,494 376,074 115,072
Gain on sales of operating properties, net 23,958 50 27,126 26,258
Operating income 39,014 12,088 48,048 50,092
Interest expense (25,709) (12,266) (51,223) (24,508)
Income tax benefit of taxable REIT subsidiary 188 100 259 218
Equity in earnings (loss) of unconsolidated subsidiaries 114 (244) (200) (562)
Other (expense) income, net (162) 227 (265) 19
Net income (loss) 13,445 (95) (3,381) 25,259
Net income attributable to noncontrolling interests (182) (132) (326) (264)
Net income (loss) attributable to common shareholders/unitholders 13,263 (227) (3,707) 24,995
Allocation of net income (loss):        
Limited Partners 132 15 (34) 662
Parent Company $ 13,131 $ (242) $ (3,673) $ 24,333
Net income (loss) per common share – basic and diluted        
Net (loss) income per common unit - basic (in USD per share) $ 0.06 $ 0.00 $ (0.02) $ 0.29
Net (loss) income per common unit - diluted (in USD per share) $ 0.06 $ 0.00 $ (0.02) $ 0.29
Weighted average common units outstanding – basic (in shares) 221,879,784 86,986,054 221,655,238 86,924,446
Weighted average common units outstanding – diluted (in shares) 222,550,306 86,986,054 221,655,238 87,780,899
Distributions declared per common unit (in USD per share) $ 0.20 $ 0.17 $ 0.39 $ 0.32
Net income (loss) $ 13,445 $ (95) $ (3,381) $ 25,259
Change in fair value of derivatives 17,559 1 56,497 6,732
Total comprehensive income (loss) 31,004 (94) 53,116 31,991
Comprehensive income attributable to noncontrolling interests (182) (132) (326) (264)
Comprehensive income (loss) attributable to the Company/common unitholders 30,822 (226) 52,790 31,727
Kite Realty Group, L.P. | Other property-related revenue        
Revenue:        
Revenues 5,673 1,027 7,897 2,078
Kite Realty Group, L.P. | Fee income        
Revenue:        
Revenues $ 2,671 $ 515 $ 4,980 $ 948