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Consolidated Statements of Operations and Comprehensive Income - KRG Trust - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Rental income $ 826,548 $ 810,146 $ 782,349
Total revenue 841,842 823,004 801,996
Expenses:      
Property operating 113,601 107,958 107,217
Real estate taxes 103,893 102,426 104,589
General, administrative and other 52,558 56,142 54,860
Merger and acquisition costs 0 0 925
Depreciation and amortization 393,335 426,361 469,805
Impairment charges 66,201 477 0
Total expenses 729,588 693,364 737,396
(Loss) gain on sales of operating properties, net (864) 22,601 27,069
Operating income 111,390 152,241 91,669
Interest expense (125,691) (105,349) (104,276)
Income tax expense of taxable REIT subsidiary (139) (533) (43)
Loss on extinguishment of debt (180) 0 0
Equity in (loss) earnings of unconsolidated subsidiaries (1,158) 33 256
Gain on sale of unconsolidated property, net 2,325 0 0
Other income, net 17,869 1,991 240
Net income (loss) 4,416 48,383 (12,154)
Net income attributable to noncontrolling interests (345) (885) (482)
Net income (loss) attributable to common shareholders 4,071 47,498 (12,636)
Net income (loss) attributable to common shareholders $ 4,071 $ 47,498 $ (12,636)
Net income (loss) per common share      
Net income (loss) per common share – basic (in dollars per share) $ 0.02 $ 0.22 $ (0.06)
Net income (loss) per common share – diluted (in dollars per share) $ 0.02 $ 0.22 $ (0.06)
Weighted average common shares outstanding - basic (in shares) 219,614,149 219,344,832 219,074,448
Weighted average common shares outstanding - diluted (in shares) 219,727,496 219,728,283 219,074,448
Net income (loss) $ 4,416 $ 48,383 $ (12,154)
Change in fair value of derivatives (15,937) (22,008) 91,271
Total comprehensive (loss) income (11,521) 26,375 79,117
Comprehensive income attributable to noncontrolling interests (231) (786) (1,507)
Comprehensive (loss) income attributable to the Company (11,752) 25,589 77,610
Other property-related revenue      
Revenue:      
Other revenue 10,631 8,492 11,108
Fee income      
Revenue:      
Other revenue $ 4,663 $ 4,366 $ 8,539