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Consolidated Balance Sheets - KRG Trust - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets:    
Investment properties, at cost $ 7,417,916 $ 7,634,191
Less: accumulated depreciation (1,728,295) (1,587,661)
Net investment properties 5,689,621 6,046,530
Cash and cash equivalents 68,743 128,056
Tenant and other receivables, including accrued straight-line rent of $72,140 and $67,377, respectively 129,656 125,768
Restricted cash and escrow deposits 23,511 5,271
Deferred costs, net 200,954 238,213
Short-term deposits 0 350,000
Prepaid and other assets 100,847 104,627
Investments in unconsolidated subsidiaries 374,868 19,511
Assets associated with investment property held for sale 59,515 73,791
Total assets 6,647,715 7,091,767
Liabilities:    
Mortgage and other indebtedness, net 2,941,548 3,226,930
Accounts payable and accrued expenses 203,114 202,651
Deferred revenue and other liabilities 222,602 246,100
Liabilities associated with investment property held for sale 4,399 4,009
Total liabilities 3,371,663 3,679,690
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership 101,301 98,074
Equity:    
Common shares, $0.01 par value, 490,000,000 shares authorized, 216,730,185 and 219,667,067 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 2,167 2,197
Additional paid-in capital 4,800,058 4,868,554
Accumulated other comprehensive income 25,184 36,612
Accumulated deficit (1,654,579) (1,595,253)
Total shareholders’ equity 3,172,830 3,312,110
Noncontrolling interests 1,921 1,893
Total equity 3,174,751 3,314,003
Total liabilities and equity $ 6,647,715 $ 7,091,767