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Consolidated Statements of Operations and Comprehensive Income - KRG Trust - 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) loss 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 common share – basic (in dollars per share) $ (0.06) $ (0.73) $ (0.19)
Net loss per common share – diluted (in dollars per share) $ (0.06) $ (0.73) $ (0.19)
Weighted average common shares outstanding - basic (in shares) 219,074,448 110,637,562 84,142,261
Weighted average common shares 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