v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - KRG Trust - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 136,863 $ (34,867)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 199,451 201,586
(Gain) loss on sales of operating properties, net (103,113) 1,466
Gain on sale of unconsolidated property, net 0 (2,325)
Impairment charges 0 66,201
Straight-line rent (5,074) (6,780)
Compensation expense for equity awards 5,220 5,386
Amortization of debt fair value adjustments (3,551) (6,463)
Amortization of in-place lease liabilities (5,107) (4,656)
Equity in loss of unconsolidated joint ventures 3,845 594
Changes in assets and liabilities:    
Tenant receivables 1,712 (3,157)
Deferred costs and other assets (9,910) (9,831)
Accounts payable, accrued expenses, deferred revenue and other liabilities (13,442) (11,468)
Net cash provided by operating activities 206,894 195,686
Cash flows from investing activities:    
Acquisitions of interests in properties (67,854) 0
Capital expenditures (83,290) (69,937)
Net proceeds from sales of land 0 4,855
Net proceeds from sales of operating properties 232,523 29,809
Investments in unconsolidated subsidiaries (253,924) 0
Investment in short-term deposits 0 (265,000)
Proceeds from short-term deposits 350,000 145,000
Distributions from unconsolidated joint ventures 2,780 1,618
Capital contributions to unconsolidated joint ventures (2,205) (946)
Net cash provided by (used in) investing activities 178,030 (154,601)
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 36 37
Repurchases of common shares upon the vesting of restricted shares (1,171) (867)
Debt and equity issuance costs (2,893) (3,640)
Loan proceeds 696,539 385,345
Loan payments (900,608) (192,180)
Distributions paid – common shareholders (118,659) (109,763)
Distributions paid – redeemable noncontrolling interests (3,758) (1,760)
Distributions to noncontrolling interests (127) (692)
Net cash (used in) provided by financing activities (330,641) 76,480
Net change in cash, cash equivalents and restricted cash 54,283 117,565
Cash, cash equivalents and restricted cash, beginning of period 133,552 41,430
Cash, cash equivalents and restricted cash, end of period 187,835 158,995
Non-cash investing and financing activities:    
Accrued capital expenditures and tenant improvements 2,697 6,973
Contribution of real estate and working capital in exchange for equity investment in unconsolidated joint venture $ 122,622 $ 0