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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG, LP - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Rental income $ 205,813 $ 203,063
Total revenue 207,439 206,750
Expenses:    
Property operating 28,081 27,314
Real estate taxes 26,534 27,183
General, administrative and other 12,784 13,384
Depreciation and amortization 100,379 108,071
Total expenses 167,778 175,952
Loss on sales of operating properties, net (236) 0
Operating income 39,425 30,798
Interest expense (30,364) (25,425)
Income tax (expense) benefit of taxable REIT subsidiaries (158) 29
Equity in loss of unconsolidated subsidiaries (420) (244)
Gain on sale of unconsolidated property, net 2,325 0
Other income, net 3,628 403
Net income 14,436 5,561
Net income attributable to noncontrolling interests (280) (170)
Net income attributable to common shareholders $ 14,156 $ 5,391
Net income per common share    
Net income per common share – basic (in USD per share) $ 0.06 $ 0.02
Net income per common share – diluted (in USD per share) $ 0.06 $ 0.02
Weighted average common units outstanding – basic (in shares) 219,501,114 219,233,569
Weighted average common units outstanding – diluted (in shares) 219,900,306 219,965,061
Net income $ 14,436 $ 5,561
Change in fair value of derivatives 2,542 (11,645)
Total comprehensive income (loss) 16,978 (6,084)
Comprehensive income attributable to noncontrolling interests (365) (82)
Comprehensive income (loss) attributable to the Company 16,613 (6,166)
Other property-related revenue    
Revenue:    
Other revenue 1,311 1,916
Fee income    
Revenue:    
Other revenue 315 1,771
Kite Realty Group, L.P.    
Revenue:    
Rental income 205,813 203,063
Total revenue 207,439 206,750
Expenses:    
Property operating 28,081 27,314
Real estate taxes 26,534 27,183
General, administrative and other 12,784 13,384
Depreciation and amortization 100,379 108,071
Total expenses 167,778 175,952
Loss on sales of operating properties, net (236) 0
Operating income 39,425 30,798
Interest expense (30,364) (25,425)
Income tax (expense) benefit of taxable REIT subsidiaries (158) 29
Equity in loss of unconsolidated subsidiaries (420) (244)
Gain on sale of unconsolidated property, net 2,325 0
Other income, net 3,628 403
Net income 14,436 5,561
Net income attributable to noncontrolling interests (67) (104)
Net income attributable to common shareholders 14,369 5,457
Allocation of net income:    
Limited Partners 213 66
Parent Company $ 14,156 $ 5,391
Net income per common share    
Net income per common share – basic (in USD per share) $ 0.06 $ 0.02
Net income per common share – diluted (in USD per share) $ 0.06 $ 0.02
Weighted average common units outstanding – basic (in shares) 223,109,983 222,186,023
Weighted average common units outstanding – diluted (in shares) 223,509,175 222,917,515
Net income $ 14,436 $ 5,561
Change in fair value of derivatives 2,542 (11,645)
Total comprehensive income (loss) 16,978 (6,084)
Comprehensive income attributable to noncontrolling interests (67) (104)
Comprehensive income (loss) attributable to the Company 16,911 (6,188)
Kite Realty Group, L.P. | Other property-related revenue    
Revenue:    
Other revenue 1,311 1,916
Kite Realty Group, L.P. | Fee income    
Revenue:    
Other revenue $ 315 $ 1,771