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Consolidated Balance Sheets - KRG Trust - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Investment properties, at cost: $ 7,634,191 $ 7,740,061
Less: accumulated depreciation (1,587,661) (1,381,770)
Net investment properties 6,046,530 6,358,291
Cash and cash equivalents 128,056 36,413
Tenant and other receivables, including accrued straight-line rent of $67,377 and $55,482, respectively 125,768 113,290
Restricted cash and escrow deposits 5,271 5,017
Deferred costs, net 238,213 304,171
Short-term deposits 350,000 0
Prepaid and other assets 104,627 117,834
Investments in unconsolidated subsidiaries 19,511 9,062
Assets associated with investment property held for sale 73,791 0
Total assets 7,091,767 6,944,078
Liabilities:    
Mortgage and other indebtedness, net 3,226,930 2,829,202
Accounts payable and accrued expenses 202,651 198,079
Deferred revenue and other liabilities 246,100 272,942
Liabilities associated with investment property held for sale 4,009 0
Total liabilities 3,679,690 3,300,223
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership 98,074 73,287
Equity:    
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,667,067 and 219,448,429 shares issued and outstanding at December 31, 2024 and 2023, respectively 2,197 2,194
Additional paid-in capital 4,868,554 4,886,592
Accumulated other comprehensive income 36,612 52,435
Accumulated deficit (1,595,253) (1,373,083)
Total shareholders’ equity 3,312,110 3,568,138
Noncontrolling interests 1,893 2,430
Total equity 3,314,003 3,570,568
Total liabilities and equity $ 7,091,767 $ 6,944,078