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Consolidated Statements of Operations and Comprehensive Income - KRG, LP - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Rental income $ 810,146 $ 782,349 $ 367,399
Total revenue 823,004 801,996 373,324
Expenses:      
Property operating 107,958 107,217 55,561
Real estate taxes 102,426 104,589 49,530
General, administrative and other 56,142 54,860 33,984
Merger and acquisition costs 0 925 86,522
Depreciation and amortization 426,361 469,805 200,460
Impairment charges 477 0 0
Total expenses 693,364 737,396 426,057
Gain on sales of operating properties, net 22,601 27,069 31,209
Operating income (loss) 152,241 91,669 (21,524)
Interest expense (105,349) (104,276) (60,447)
Income tax (expense) benefit of taxable REIT subsidiary (533) (43) 310
Equity in earnings (loss) of unconsolidated subsidiaries 33 256 (416)
Other income, net 1,991 240 355
Net income (loss) 48,383 (12,154) (81,722)
Net income attributable to noncontrolling interests (885) (482) 916
Net income (loss) attributable to common shareholders/unitholders $ 47,498 $ (12,636) $ (80,806)
Net income (loss) per common share      
Net income (loss) per unit – basic (in dollars per share) $ 0.22 $ (0.06) $ (0.73)
Net income (loss) per unit – diluted (in dollars per share) $ 0.22 $ (0.06) $ (0.73)
Weighted average common units outstanding - basic (in shares) 219,344,832 219,074,448 110,637,562
Weighted average common units outstanding - diluted (in shares) 219,728,283 219,074,448 110,637,562
Net income (loss) $ 48,383 $ (12,154) $ (81,722)
Change in fair value of derivatives (22,008) 91,271 15,670
Total comprehensive income (loss) 26,375 79,117 (66,052)
Comprehensive (income) loss attributable to noncontrolling interests (786) (1,507) 229
Comprehensive income (loss) attributable to the Company/common unitholders 25,589 77,610 (65,823)
Other property-related revenue      
Revenue:      
Other revenue 8,492 11,108 4,683
Fee income      
Revenue:      
Other revenue 4,366 8,539 1,242
Kite Realty Group, L.P.      
Revenue:      
Rental income 810,146 782,349 367,399
Total revenue 823,004 801,996 373,324
Expenses:      
Property operating 107,958 107,217 55,561
Real estate taxes 102,426 104,589 49,530
General, administrative and other 56,142 54,860 33,984
Merger and acquisition costs 0 925 86,522
Depreciation and amortization 426,361 469,805 200,460
Impairment charges 477 0 0
Total expenses 693,364 737,396 426,057
Gain on sales of operating properties, net 22,601 27,069 31,209
Operating income (loss) 152,241 91,669 (21,524)
Interest expense (105,349) (104,276) (60,447)
Income tax (expense) benefit of taxable REIT subsidiary (533) (43) 310
Equity in earnings (loss) of unconsolidated subsidiaries 33 256 (416)
Other income, net 1,991 240 355
Net income (loss) 48,383 (12,154) (81,722)
Net income attributable to noncontrolling interests (257) (623) (514)
Net income (loss) attributable to common shareholders/unitholders 48,126 (12,777) (82,236)
Allocation of net income (loss):      
Limited Partners 628 (141) (1,430)
Parent Company $ 47,498 $ (12,636) $ (80,806)
Net income (loss) per common share      
Net income (loss) per unit – basic (in dollars per share) $ 0.22 $ (0.06) $ (0.73)
Net income (loss) per unit – diluted (in dollars per share) $ 0.22 $ (0.06) $ (0.73)
Weighted average common units outstanding - basic (in shares) 222,514,956 221,858,084 113,103,177
Weighted average common units outstanding - diluted (in shares) 222,898,407 221,858,084 113,103,177
Net income (loss) $ 48,383 $ (12,154) $ (81,722)
Change in fair value of derivatives (22,008) 91,271 15,670
Total comprehensive income (loss) 26,375 79,117 (66,052)
Comprehensive (income) loss attributable to noncontrolling interests (257) (623) (514)
Comprehensive income (loss) attributable to the Company/common unitholders 26,118 78,494 (66,566)
Kite Realty Group, L.P. | Other property-related revenue      
Revenue:      
Other revenue 8,492 11,108 4,683
Kite Realty Group, L.P. | Fee income      
Revenue:      
Other revenue $ 4,366 $ 8,539 $ 1,242