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Consolidated Statements of Operations and Comprehensive Income (Loss) - KRG, LP - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Rental income $ 202,193 $ 204,934 $ 632,547 $ 616,583
Total revenue 205,055 207,253 640,212 625,268
Expenses:        
Property operating 28,536 27,756 87,243 84,401
Real estate taxes 25,678 25,220 80,090 78,247
General, administrative and other 14,183 13,259 39,831 39,009
Depreciation and amortization 89,370 96,656 285,488 296,326
Impairment charges 39,305 0 39,305 66,201
Total expenses 197,072 162,891 531,957 564,184
Interest expense (33,162) (31,640) (100,168) (92,985)
Income tax expense of taxable REIT subsidiaries (106) (35) (315) (325)
Gain (loss) on sales of operating properties, net 5,742 602 108,855 (864)
Net gains from outlot sales 6,096 0 6,096 1,858
Equity in loss of unconsolidated subsidiaries (4,619) (607) (8,464) (1,201)
Gain on sale of unconsolidated property, net 0 0 0 2,325
Other income, net 1,656 4,371 6,194 12,294
Net (loss) income (16,410) 17,053 120,453 (17,814)
Net income attributable to noncontrolling interests 203 (324) (2,612) 61
Net (loss) income attributable to common shareholders $ (16,207) $ 16,729 $ 117,841 $ (17,753)
Net (loss) income per common share        
Net (loss) income per common unit – basic (in USD per share) $ (0.07) $ 0.08 $ 0.54 $ (0.08)
Net (loss) income per common unit – diluted (in USD per share) $ (0.07) $ 0.08 $ 0.54 $ (0.08)
Weighted average common units outstanding – basic (in shares) 219,408,533 219,665,836 219,652,052 219,596,590
Weighted average common units outstanding – diluted (in shares) 219,408,533 220,096,693 219,768,504 219,596,590
Change in fair value of derivatives $ (3,271) $ (12,700) $ (11,543) $ (14,867)
Total comprehensive (loss) income (19,681) 4,353 108,910 (32,681)
Comprehensive income attributable to noncontrolling interests 261 (175) (2,498) 197
Comprehensive (loss) income attributable to the Company (19,420) 4,178 106,412 (32,484)
Other property-related revenue        
Revenue:        
Other revenue 1,571 1,864 5,096 4,463
Fee income        
Revenue:        
Other revenue 1,291 455 2,569 4,222
Kite Realty Group, L.P.        
Revenue:        
Rental income 202,193 204,934 632,547 616,583
Total revenue 205,055 207,253 640,212 625,268
Expenses:        
Property operating 28,536 27,756 87,243 84,401
Real estate taxes 25,678 25,220 80,090 78,247
General, administrative and other 14,183 13,259 39,831 39,009
Depreciation and amortization 89,370 96,656 285,488 296,326
Impairment charges 39,305 0 39,305 66,201
Total expenses 197,072 162,891 531,957 564,184
Interest expense (33,162) (31,640) (100,168) (92,985)
Income tax expense of taxable REIT subsidiaries (106) (35) (315) (325)
Gain (loss) on sales of operating properties, net 5,742 602 108,855 (864)
Net gains from outlot sales 6,096 0 6,096 1,858
Equity in loss of unconsolidated subsidiaries (4,619) (607) (8,464) (1,201)
Gain on sale of unconsolidated property, net 0 0 0 2,325
Other income, net 1,656 4,371 6,194 12,294
Net (loss) income (16,410) 17,053 120,453 (17,814)
Net income attributable to noncontrolling interests (82) (63) (233) (204)
Net (loss) income attributable to common shareholders (16,492) 16,990 120,220 (18,018)
Allocation of net (loss) income:        
Limited Partners (285) 261 2,379 (265)
Parent Company $ (16,207) $ 16,729 $ 117,841 $ (17,753)
Net (loss) income per common share        
Net (loss) income per common unit – basic (in USD per share) $ (0.07) $ 0.08 $ 0.54 $ (0.08)
Net (loss) income per common unit – diluted (in USD per share) $ (0.07) $ 0.08 $ 0.54 $ (0.08)
Weighted average common units outstanding – basic (in shares) 224,258,121 223,529,610 224,386,126 223,323,641
Weighted average common units outstanding – diluted (in shares) 224,258,121 223,960,467 224,502,578 223,323,641
Change in fair value of derivatives $ (3,271) $ (12,700) $ (11,543) $ (14,867)
Total comprehensive (loss) income (19,681) 4,353 108,910 (32,681)
Comprehensive income attributable to noncontrolling interests (82) (63) (233) (204)
Comprehensive (loss) income attributable to the Company (19,763) 4,290 108,677 (32,885)
Kite Realty Group, L.P. | Other property-related revenue        
Revenue:        
Other revenue 1,571 1,864 5,096 4,463
Kite Realty Group, L.P. | Fee income        
Revenue:        
Other revenue $ 1,291 $ 455 $ 2,569 $ 4,222