XML 67 R54.htm IDEA: XBRL DOCUMENT v3.24.3
MORTGAGE AND OTHER INDEBTEDNESS - Additional Information (Details)
 1 Months Ended 9 Months Ended 12 Months Ended
Mar. 17, 2021
$ / shares
Oct. 31, 2024
extension
Jul. 31, 2024
USD ($)
Jun. 30, 2024
USD ($)
Jul. 31, 2022
USD ($)
extension
Mar. 31, 2021
USD ($)
day
$ / shares
Sep. 30, 2024
USD ($)
extension
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Aug. 31, 2024
USD ($)
Jan. 31, 2024
USD ($)
Debt Instrument [Line Items]                      
Repayment of long-term debt             $ 313,464,000 $ 467,149,000      
Gross debt             3,229,477,000   $ 2,802,941,000    
Net proceeds from offering             732,993,000 332,095,000      
Percentage bearing fixed interest, amount             2,500,000,000        
Percentage bearing variable interest, amount             $ 715,200,000        
Unsecured Revolving Line of Credit                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             6.11%   6.58%    
Gross debt             $ 0   $ 0    
Number of extension options | extension             2        
Extension period             6 months        
Kite Realty Group, L.P.                      
Debt Instrument [Line Items]                      
Repayment of long-term debt             $ 313,464,000 467,149,000      
Net proceeds from offering             732,993,000 332,095,000      
Kite Realty Group, L.P. | Unsecured Revolving Line of Credit                      
Debt Instrument [Line Items]                      
Line of credit, aggregate borrowing capacity         $ 1,100,000,000   $ 1,100,000,000        
Line of credit, accordion feature, increase limit         600,000,000            
Line of credit, accordion feature, maximum borrowing capacity         $ 2,000,000,000            
Number of extension options | extension         2   2        
Extension period         6 months   6 months        
Variable interest rate, type [Extensible enumeration]         Secured Overnight Financing Rate (SOFR) [Member]   Secured Overnight Financing Rate (SOFR) [Member]        
Credit spread, increase (as a percent)         0.10%   0.10%        
Reduction of interest rate margin upon achievement of sustainability metric             0.0001        
Kite Realty Group, L.P. | Unsecured Revolving Line of Credit | Subsequent Event                      
Debt Instrument [Line Items]                      
Reduction of interest rate margin upon achievement of sustainability metric   0.0002                  
Covenant, total leverage ratio, minimum   0.350                  
Covenant, total leverage ratio, maximum   0.375                  
Kite Realty Group, L.P. | Unsecured Revolving Line of Credit | Debt Instrument, Maturity Option, One | Subsequent Event                      
Debt Instrument [Line Items]                      
Number of extension options | extension   1                  
Extension period   1 year                  
Kite Realty Group, L.P. | Unsecured Revolving Line of Credit | Debt Instrument, Maturity Option, Two | Subsequent Event                      
Debt Instrument [Line Items]                      
Number of extension options | extension   2                  
Extension period   6 months                  
$250M Unsecured Term Loan | Kite Realty Group, L.P. | Subsequent Event | Minimum | Variable Rate Component One                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)   0.75%                  
$250M Unsecured Term Loan | Kite Realty Group, L.P. | Subsequent Event | Minimum | Variable Rate Component Two                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)   0.00%                  
$250M Unsecured Term Loan | Kite Realty Group, L.P. | Subsequent Event | Maximum | Variable Rate Component One                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)   1.60%                  
$250M Unsecured Term Loan | Kite Realty Group, L.P. | Subsequent Event | Maximum | Variable Rate Component Two                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)   0.60%                  
Fixed Rate Debt                      
Debt Instrument [Line Items]                      
Long-term debt, fair value             $ 2,500,000,000        
Fixed Rate Debt | Minimum                      
Debt Instrument [Line Items]                      
Fixed interest rate (as a percent)             5.18%        
Fixed Rate Debt | Maximum                      
Debt Instrument [Line Items]                      
Fixed interest rate (as a percent)             6.26%        
Variable Rate Debt                      
Debt Instrument [Line Items]                      
Long-term debt, fair value             $ 717,000,000.0        
Variable Rate Debt | Minimum                      
Debt Instrument [Line Items]                      
Variable interest rate (as a percent)             6.00%        
Variable Rate Debt | Maximum                      
Debt Instrument [Line Items]                      
Variable interest rate (as a percent)             6.05%        
Mortgages Payable                      
Debt Instrument [Line Items]                      
Scheduled principal payments             $ 3,800,000        
Gross debt             149,477,000   153,306,000    
Mortgages Payable | Fixed Rate Debt                      
Debt Instrument [Line Items]                      
Gross debt             $ 134,277,000   $ 136,306,000    
Mortgages Payable | Fixed Rate Debt | Minimum                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             3.75%   3.75%    
Mortgages Payable | Fixed Rate Debt | Maximum                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             5.73%   5.73%    
Mortgages Payable | Variable Rate Debt                      
Debt Instrument [Line Items]                      
Gross debt             $ 15,200,000   $ 17,000,000    
Variable interest rate, type [Extensible enumeration]             Bloomberg Short Term Bank Yield Index [Member]   Bloomberg Short Term Bank Yield Index [Member]    
Credit spread (as a percent)             2.15%        
Variable interest rate (as a percent)             4.87%   5.44%    
Mortgages Payable | Variable Rate Debt | Subsequent Event                      
Debt Instrument [Line Items]                      
Variable interest rate, type [Extensible enumeration]   Secured Overnight Financing Rate (SOFR) [Member]                  
Senior Unsecured Notes                      
Debt Instrument [Line Items]                      
Gross debt             $ 2,380,000,000   $ 1,829,635,000    
Senior Unsecured Notes | Senior Notes - 5.50% Due 2034                      
Debt Instrument [Line Items]                      
Principal amount of debt issued                     $ 350,000,000
Interest rate (as a percent)             5.50%       5.50%
Interest rate, percentage of principal amount (as a percent)                     0.98670
Effective interest rate (as a percent)                     5.673%
Gross debt             $ 350,000,000   $ 0    
Senior Unsecured Notes | Senior Notes - 4.58% Due 2024                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)       4.58%         4.58%    
Repayment of long-term debt       $ 149,600,000              
Gross debt                 $ 149,635,000    
Senior Unsecured Notes | Senior Notes - 4.95% Due 2031                      
Debt Instrument [Line Items]                      
Principal amount of debt issued                   $ 350,000,000  
Interest rate (as a percent)             4.95%   0.00% 4.95%  
Interest rate, percentage of principal amount (as a percent)                   0.99328  
Effective interest rate (as a percent)                   5.062%  
Gross debt             $ 350,000,000   $ 0    
Senior Unsecured Notes | Senior Notes - 4.00% Due 2025                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             4.00%   4.00%    
Gross debt             $ 350,000,000   $ 350,000,000    
Senior Exchangeable Notes | Kite Realty Group, L.P.                      
Debt Instrument [Line Items]                      
Principal amount of debt issued           $ 175,000,000          
Interest rate (as a percent)           0.75%          
Net proceeds from offering           $ 169,700,000          
Interest expense             $ 1,000,000 $ 1,000,000      
Exchangeable conversion ratio           0.0396628 0.0406713        
Conversion price (in USD per share) | $ / shares           $ 25.21          
Exchange premium, percent of closing price (as a percent)           25.00%          
Percentage of exchange price (as a percent)           130.00%          
Trading days | day           20          
Consecutive trading days | day           30          
Redemption price, percentage (as a percent)           100.00%          
Senior Exchangeable Notes | Kite Realty Group, L.P. | Common Shares                      
Debt Instrument [Line Items]                      
Common stock closing price (in USD per share) | $ / shares $ 20.17                    
Senior Exchangeable Notes | Capped Call | Kite Realty Group, L.P.                      
Debt Instrument [Line Items]                      
Exchange premium, percent of closing price (as a percent)           50.00%          
Exchange price (in USD per share) | $ / shares           $ 30.26          
Purchase of capped calls             $ 9,800,000        
Unsecured Term Loans                      
Debt Instrument [Line Items]                      
Gross debt             $ 700,000,000   $ 820,000,000    
Unsecured Term Loans | $120M Unsecured Term Loan                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             0.00%   2.68%    
Repayment of long-term debt     $ 120,000,000                
Gross debt     $ 120,000,000       $ 0   $ 120,000,000    
Variable interest rate, type [Extensible enumeration]                 Secured Overnight Financing Rate (SOFR) [Member]    
Fixed interest rate (as a percent)                 1.58%    
Variable interest rate (as a percent)                 1.10%    
Unsecured Term Loans | $120M Unsecured Term Loan | Minimum                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)                 0.80%    
Unsecured Term Loans | $120M Unsecured Term Loan | Maximum                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)                 1.65%    
Unsecured Term Loans | $300M Unsecured Term Loan                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             3.82%   3.82%    
Gross debt             $ 300,000,000   $ 300,000,000    
Variable interest rate, type [Extensible enumeration]             Secured Overnight Financing Rate (SOFR) [Member]   Secured Overnight Financing Rate (SOFR) [Member]    
Fixed interest rate (as a percent)             2.47%        
Variable interest rate (as a percent)             1.35%   1.35%    
Unsecured Term Loans | $300M Unsecured Term Loan | Minimum                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)             1.15%        
Unsecured Term Loans | $300M Unsecured Term Loan | Maximum                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)             2.20%        
Unsecured Term Loans | $300M Unsecured Term Loan | Kite Realty Group, L.P.                      
Debt Instrument [Line Items]                      
Principal amount of debt issued         $ 300,000,000            
Gross debt             $ 300,000,000        
Debt instrument term (in years)         7 years            
Variable interest rate, type [Extensible enumeration]             Secured Overnight Financing Rate (SOFR) [Member]        
Credit spread, increase (as a percent)             0.10%        
Reduction of interest rate margin upon achievement of sustainability metric             0.0001        
Unsecured Term Loans | $250M Unsecured Term Loan                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             5.09%   5.09%    
Gross debt             $ 250,000,000   $ 250,000,000    
Number of extension options | extension             3        
Extension period             1 year        
Variable interest rate, type [Extensible enumeration]             Secured Overnight Financing Rate (SOFR) [Member]        
Fixed interest rate (as a percent)             5.09%        
Unsecured Term Loans | $250M Unsecured Term Loan | Kite Realty Group, L.P.                      
Debt Instrument [Line Items]                      
Gross debt             $ 250,000,000        
Number of extension options | extension             3        
Extension period             1 year        
Variable interest rate, type [Extensible enumeration]             Secured Overnight Financing Rate (SOFR) [Member]        
Credit spread, increase (as a percent)             0.10%        
Maximum borrowing capacity             $ 300,000,000.0        
Unsecured Term Loans | $250M Unsecured Term Loan | Kite Realty Group, L.P. | Subsequent Event                      
Debt Instrument [Line Items]                      
Number of extension options | extension   1                  
Extension period   1 year                  
Unsecured Term Loans | $150M Unsecured Term Loan                      
Debt Instrument [Line Items]                      
Interest rate (as a percent)             2.73%   2.73%    
Gross debt             $ 150,000,000   $ 150,000,000    
Variable interest rate, type [Extensible enumeration]             Secured Overnight Financing Rate (SOFR) [Member]   Secured Overnight Financing Rate (SOFR) [Member]    
Fixed interest rate (as a percent)             1.68%        
Variable interest rate (as a percent)             1.05%   1.05%    
Unsecured Term Loans | $150M Unsecured Term Loan | Minimum                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)             0.75%        
Unsecured Term Loans | $150M Unsecured Term Loan | Maximum                      
Debt Instrument [Line Items]                      
Credit spread (as a percent)             1.60%        
Unsecured Term Loans | $150M Unsecured Term Loan | Kite Realty Group, L.P.                      
Debt Instrument [Line Items]                      
Gross debt             $ 150,000,000        
Variable interest rate, type [Extensible enumeration]             Secured Overnight Financing Rate (SOFR) [Member]        
Credit spread, increase (as a percent)             0.10%        
Reduction of interest rate margin upon achievement of sustainability metric             0.0001        
Maximum borrowing capacity             $ 250,000,000