v3.25.2
Consolidated Balance Sheets (Unaudited) - KRG Trust - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Investment properties, at cost $ 7,423,024 $ 7,634,191
Less: accumulated depreciation (1,661,279) (1,587,661)
Net investment properties 5,761,745 6,046,530
Cash and cash equivalents 182,044 128,056
Tenant and other receivables, including accrued straight-line rent of $69,042 and $67,377, respectively 125,289 125,768
Restricted cash and escrow deposits 5,566 5,271
Deferred costs, net 208,683 238,213
Short-term deposits 0 350,000
Prepaid and other assets 96,278 104,627
Investments in unconsolidated subsidiaries 390,827 19,511
Assets associated with investment properties held for sale 87,908 73,791
Total assets 6,858,340 7,091,767
Liabilities:    
Mortgage and other indebtedness, net 3,022,496 3,226,930
Accounts payable and accrued expenses 180,564 202,651
Deferred revenue and other liabilities 227,807 246,100
Liabilities associated with investment properties held for sale 4,949 4,009
Total liabilities 3,435,816 3,679,690
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership 102,891 98,074
Equity:    
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,858,193 and 219,667,067 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 2,198 2,197
Additional paid-in capital 4,867,036 4,868,554
Accumulated other comprehensive income 28,397 36,612
Accumulated deficit (1,579,915) (1,595,253)
Total shareholders’ equity 3,317,716 3,312,110
Noncontrolling interests 1,917 1,893
Total equity 3,319,633 3,314,003
Total liabilities and equity $ 6,858,340 $ 7,091,767