Consolidated Statements of Operations and Comprehensive Income - KRG Trust - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue: | ||||
| Rental income | $ 193,314 | $ 211,182 | $ 391,356 | $ 430,354 |
| Total revenue | 196,258 | 213,390 | 396,955 | 434,467 |
| Expenses: | ||||
| Property operating | 28,495 | 28,881 | 59,611 | 58,707 |
| Real estate taxes | 24,478 | 26,651 | 49,302 | 54,412 |
| General, administrative and other | 14,543 | 13,390 | 28,493 | 25,648 |
| Depreciation and amortization | 81,604 | 97,887 | 164,095 | 196,118 |
| Impairment charges | 980 | 0 | 6,868 | 0 |
| Total expenses | 150,100 | 166,809 | 308,369 | 334,885 |
| Other (expense) income: | ||||
| Interest expense | (31,743) | (34,052) | (63,439) | (67,006) |
| Income tax expense of taxable REIT subsidiaries | (426) | (199) | (821) | (209) |
| Gain on sales of operating properties, net | 87,727 | 103,022 | 87,727 | 103,113 |
| Net gains from outlot sales | 1,364 | 0 | 2,403 | 0 |
| Gain on deconsolidation of joint venture | 60,625 | 0 | 60,625 | 0 |
| Equity in loss of unconsolidated joint ventures | (1,344) | (3,238) | (3,560) | (3,845) |
| Other income, net | 3,169 | 485 | 5,741 | 5,228 |
| Net income | 165,530 | 112,599 | 177,262 | 136,863 |
| Net income attributable to noncontrolling interests | (4,226) | (2,281) | (4,564) | (2,815) |
| Net income attributable to common shareholders | $ 161,304 | $ 110,318 | $ 172,698 | $ 134,048 |
| Net income per common share – basic (in USD per share) | $ 0.80 | $ 0.50 | $ 0.85 | $ 0.61 |
| Net income per common share – diluted (in USD per share) | $ 0.79 | $ 0.50 | $ 0.84 | $ 0.61 |
| Weighted average common shares outstanding – basic (in shares) | 202,231,374 | 219,835,322 | 203,949,318 | 219,775,829 |
| Weighted average common shares outstanding – diluted (in shares) | 203,198,303 | 219,949,868 | 204,651,324 | 219,888,939 |
| Net income | $ 165,530 | $ 112,599 | $ 177,262 | $ 136,863 |
| Change in fair value of derivatives | (1,823) | (3,991) | (3,523) | (8,271) |
| Total comprehensive income | 163,707 | 108,608 | 173,739 | 128,592 |
| Comprehensive income attributable to noncontrolling interests | (4,187) | (2,200) | (4,552) | (2,759) |
| Comprehensive income attributable to the Company | 159,520 | 106,408 | 169,187 | 125,833 |
| Other property-related revenue | ||||
| Revenue: | ||||
| Other revenue | 1,566 | 1,355 | 2,925 | 2,835 |
| Fee income | ||||
| Revenue: | ||||
| Other revenue | $ 1,378 | $ 853 | $ 2,674 | $ 1,278 |
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- Definition Net Gains from Outlot Sales No definition available.
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- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) from deconsolidation of subsidiary and derecognition of group of assets constituting transfer of business or nonprofit activity, excluding conveyance of oil and gas mineral rights and transfer of good or service in contract with customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after tax and reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of gain (loss) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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