v3.25.2
Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - KRG Trust - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Rental income $ 211,182 $ 205,836 $ 430,354 $ 411,649
Total revenue 213,395 212,434 435,157 419,873
Expenses:        
Property operating 28,881 28,564 58,707 56,645
Real estate taxes 26,651 26,493 54,412 53,027
General, administrative and other 13,390 12,966 25,648 25,750
Depreciation and amortization 97,887 99,291 196,118 199,670
Impairment charges 0 66,201 0 66,201
Total expenses 166,809 233,515 334,885 401,293
Other (expense) income:        
Interest expense (34,052) (30,981) (67,006) (61,345)
Income tax expense of taxable REIT subsidiaries (199) (132) (209) (290)
Gain (loss) on sales of operating properties, net 103,022 (1,230) 103,113 (1,466)
Equity in loss of unconsolidated subsidiaries (3,238) (174) (3,845) (594)
Gain on sale of unconsolidated property, net 0 0 0 2,325
Other income, net 480 4,295 4,538 7,923
Net income (loss) 112,599 (49,303) 136,863 (34,867)
Net (income) loss attributable to noncontrolling interests (2,281) 665 (2,815) 385
Net income (loss) attributable to common shareholders $ 110,318 $ (48,638) $ 134,048 $ (34,482)
Net income per common share        
Net income (loss) per common share – basic (in USD per share) $ 0.50 $ (0.22) $ 0.61 $ (0.16)
Net income (loss) per common share – diluted (in USD per share) $ 0.50 $ (0.22) $ 0.61 $ (0.16)
Weighted average common shares outstanding – basic (in shares) 219,835,322 219,622,059 219,775,829 219,561,586
Weighted average common shares outstanding – diluted (in shares) 219,949,868 219,622,059 219,888,939 219,561,586
Change in fair value of derivatives $ (3,991) $ (4,708) $ (8,271) $ (2,166)
Total comprehensive income (loss) 108,608 (54,011) 128,592 (37,033)
Comprehensive (income) loss attributable to noncontrolling interests (2,200) 737 (2,759) 372
Comprehensive income (loss) attributable to the Company 106,408 (53,274) 125,833 (36,661)
Other property-related revenue        
Revenue:        
Other revenue 1,360 3,146 3,525 4,457
Fee income        
Revenue:        
Other revenue $ 853 $ 3,452 $ 1,278 $ 3,767