XML 27 R10.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations and Comprehensive Income - KRG, LP - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:      
Rental income $ 782,349 $ 367,399 $ 257,670
Total revenue 801,996 373,324 266,645
Expenses:      
Property operating 107,217 55,561 41,012
Real estate taxes 104,589 49,530 35,867
General, administrative and other 54,860 33,984 30,840
Merger and acquisition costs 925 86,522 0
Depreciation and amortization 469,805 200,460 128,648
Total expenses 737,396 426,057 236,367
Gain on sales of operating properties, net 27,069 31,209 4,733
Operating income (loss) 91,669 (21,524) 35,011
Interest expense (104,276) (60,447) (50,399)
Income tax (expense) benefit of taxable REIT subsidiary (43) 310 696
Equity in earnings (loss) of unconsolidated subsidiaries 256 (416) (1,685)
Other income, net 240 355 254
Net loss (12,154) (81,722) (16,123)
Net income attributable to noncontrolling interests (482) 916 (100)
Net (loss) income attributable to common shareholders/unitholders $ (12,636) $ (80,806) $ (16,223)
Net loss per common share      
Net loss per unit – basic (in dollars per share) $ (0.06) $ (0.73) $ (0.19)
Net loss per unit – diluted (in dollars per share) $ (0.06) $ (0.73) $ (0.19)
Weighted average units outstanding - basic (in shares) 219,074,448 110,637,562 84,142,261
Weighted average units outstanding - diluted (in shares) 219,074,448 110,637,562 84,142,261
Net loss $ (12,154) $ (81,722) $ (16,123)
Change in fair value of derivatives 91,271 15,670 (14,969)
Total comprehensive income (loss) 79,117 (66,052) (31,092)
Comprehensive (income) loss attributable to noncontrolling interests (1,507) 229 367
Comprehensive income (loss) attributable to the Company/common unitholders 77,610 (65,823) (30,725)
Other property-related revenue      
Revenue:      
Other revenue 11,108 4,683 8,597
Fee income      
Revenue:      
Other revenue 8,539 1,242 378
Kite Realty Group, L.P.      
Revenue:      
Rental income 782,349 367,399 257,670
Total revenue 801,996 373,324 266,645
Expenses:      
Property operating 107,217 55,561 41,012
Real estate taxes 104,589 49,530 35,867
General, administrative and other 54,860 33,984 30,840
Merger and acquisition costs 925 86,522 0
Depreciation and amortization 469,805 200,460 128,648
Total expenses 737,396 426,057 236,367
Gain on sales of operating properties, net 27,069 31,209 4,733
Operating income (loss) 91,669 (21,524) 35,011
Interest expense (104,276) (60,447) (50,399)
Income tax (expense) benefit of taxable REIT subsidiary (43) 310 696
Equity in earnings (loss) of unconsolidated subsidiaries 256 (416) (1,685)
Other income, net 240 355 254
Net loss (12,154) (81,722) (16,123)
Net income attributable to noncontrolling interests (623) (514) (528)
Net (loss) income attributable to common shareholders/unitholders (12,777) (82,236) (16,651)
Allocation of net loss:      
Limited Partners (141) (1,430) (428)
Parent Company $ (12,636) $ (80,806) $ (16,223)
Net loss per common share      
Net loss per unit – basic (in dollars per share) $ (0.06) $ (0.73) $ (0.19)
Net loss per unit – diluted (in dollars per share) $ (0.06) $ (0.73) $ (0.19)
Weighted average units outstanding - basic (in shares) 221,858,084 113,103,177 86,361,139
Weighted average units outstanding - diluted (in shares) 221,858,084 113,103,177 86,361,139
Net loss $ (12,154) $ (81,722) $ (16,123)
Change in fair value of derivatives 91,271 15,670 (14,969)
Total comprehensive income (loss) 79,117 (66,052) (31,092)
Comprehensive (income) loss attributable to noncontrolling interests (623) (514) (528)
Comprehensive income (loss) attributable to the Company/common unitholders 78,494 (66,566) (31,620)
Kite Realty Group, L.P. | Other property-related revenue      
Revenue:      
Other revenue 11,108 4,683 8,597
Kite Realty Group, L.P. | Fee income      
Revenue:      
Other revenue $ 8,539 $ 1,242 $ 378