XML 97 R80.htm IDEA: XBRL DOCUMENT v3.22.4
DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Additional Information (Details)
1 Months Ended 12 Months Ended
Dec. 31, 2022
USD ($)
instrument
derivative_contract
agreement
Dec. 31, 2022
USD ($)
instrument
derivative_contract
agreement
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jul. 31, 2022
USD ($)
Jul. 29, 2022
USD ($)
Oct. 31, 2021
USD ($)
Oct. 22, 2021
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 2,978,256,000 $ 2,978,256,000 $ 3,092,225,000          
Gain (loss) reclassified from AOCI into income, effective portion, net   (7,300,000) (7,700,000) $ (4,000,000)        
Interest expense   $ 104,276,000 60,447,000 50,399,000        
$150M forward-starting interest rate swap maturing in 2032                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Number of interest rate swap contracts | instrument 2 2            
Derivative, notional amount $ 150,000,000 $ 150,000,000            
Number of instruments terminated | derivative_contract 2 2            
Proceeds received upon termination $ 30,900,000              
Increase as hedged forecasted interest payments occur                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Interest expense   $ 27,800,000            
Kite Realty Group, L.P.                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Interest expense   $ 104,276,000 60,447,000 $ 50,399,000        
Kite Realty Group, L.P. | Interest rate swap, floating rate to fixed rate                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Number of interest rate swap contracts | derivative_contract 2 2            
Derivative, notional amount $ 200,000,000 $ 200,000,000            
Percentage bearing variable interest 1.35% 1.35%            
Kite Realty Group, L.P. | Interest rate swap, floating rate to fixed rate | SOFR                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Percentage bearing fixed interest 2.37% 2.37%            
Kite Realty Group, L.P. | Interest rate swap, variable rate to fixed rate                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Number of interest rate swap contracts | agreement 2 2            
Derivative, notional amount $ 100,000,000 $ 100,000,000            
Percentage bearing variable interest 1.35% 1.35%            
Kite Realty Group, L.P. | Interest rate swap, variable rate to fixed rate | SOFR                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Percentage bearing fixed interest 2.66% 2.66%            
Kite Realty Group, L.P. | $150M forward-starting interest rate swap maturing in 2032                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Derivative, notional amount $ 150,000,000 $ 150,000,000            
Number of instruments terminated | derivative_contract 2 2            
Proceeds received upon termination $ 30,900,000              
Unsecured term loans                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt 820,000,000 $ 820,000,000 720,000,000          
$300M unsecured term loan | Unsecured term loans                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt 300,000,000 300,000,000 0          
$300M unsecured term loan | Unsecured term loans | SOFR                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 300,000,000 $ 300,000,000            
Percentage bearing fixed interest 2.70% 2.70%            
Percentage bearing variable interest 1.35% 1.35%            
$300M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Debt instrument, face amount         $ 300,000,000 $ 300,000,000    
Gross debt $ 300,000,000 $ 300,000,000            
$120M unsecured term loan | Unsecured term loans                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt 120,000,000 120,000,000 120,000,000          
$120M unsecured term loan | Unsecured term loans | SOFR                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 120,000,000 $ 120,000,000            
Percentage bearing fixed interest 1.58% 1.58%            
Percentage bearing variable interest 1.10% 1.10%            
$120M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 120,000,000 $ 120,000,000         $ 120,000,000 $ 120,000,000
$150M unsecured term loan | Unsecured term loans                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt 150,000,000 150,000,000 150,000,000          
$150M unsecured term loan | Unsecured term loans | SOFR                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 150,000,000 $ 150,000,000            
Percentage bearing fixed interest 1.68% 1.68%            
Percentage bearing variable interest 1.05% 1.05%            
$150M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 150,000,000 $ 150,000,000         $ 150,000,000 150,000,000
$250M unsecured term loan | Unsecured term loans                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt 250,000,000 250,000,000 250,000,000          
$250M unsecured term loan | Unsecured term loans | SOFR                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 250,000,000 $ 250,000,000            
Percentage bearing fixed interest 5.09% 5.09%            
$250M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 250,000,000 $ 250,000,000           $ 250,000,000
$200M unsecured term loan | Unsecured term loans                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Gross debt $ 0 $ 0 $ 200,000,000          
$200M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.                
Derivative Instruments and Hedging Activities Disclosures [Line Items]                
Debt instrument, face amount         $ 200,000,000 $ 200,000,000