v3.26.1
Consolidated Statements of Cash Flows - KRG Trust - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 177,262 $ 136,863
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 167,656 199,451
Gain on sales of operating properties, net (87,727) (103,113)
Net gains from outlot sales (2,403) 0
Gain on deconsolidation of joint venture (60,625) 0
Impairment charges 6,868 0
Straight-line rent (4,384) (5,074)
Compensation expense for equity awards 5,911 5,220
Amortization of debt fair value adjustments (2,722) (3,551)
Amortization of in-place lease liabilities (3,181) (5,107)
Equity in loss of unconsolidated joint ventures 3,560 3,845
Distributions from unconsolidated joint ventures 12,124 630
Changes in assets and liabilities:    
Tenant receivables 1,988 1,712
Deferred costs and other assets (7,496) (10,540)
Accounts payable, accrued expenses, deferred revenue and other liabilities (30,288) (13,442)
Net cash provided by operating activities 176,543 206,894
Cash flows from investing activities:    
Acquisition of real estate (143,222) (67,854)
Capital expenditures (70,279) (83,290)
Net proceeds from outlot sales 6,703 0
Net proceeds from sales of operating properties 315,987 232,523
Investments in unconsolidated joint ventures 0 (253,924)
Proceeds from short-term deposits 0 350,000
Change in cash from deconsolidation of joint venture (2,029) 0
Distributions from unconsolidated joint ventures 386 2,780
Capital contributions to unconsolidated joint ventures (310) (2,205)
Net cash provided by investing activities 107,236 178,030
Cash flows from financing activities:    
Proceeds from issuance of common shares, net 41 36
Repurchases of common shares upon the vesting of restricted shares (1,450) (1,171)
Shares repurchased through Share Repurchase Program (198,135) 0
Debt and equity issuance costs (177) (2,893)
Loan proceeds 319,000 696,539
Loan payments (406,673) (900,608)
Distributions paid – common shareholders (148,974) (118,659)
Distributions paid – redeemable noncontrolling interests (4,238) (3,758)
Distributions to noncontrolling interests (155) (127)
Net cash used in financing activities (440,761) (330,641)
Net change in cash, cash equivalents and restricted cash (156,982) 54,283
Cash, cash equivalents and restricted cash, beginning of period 478,391 133,552
Cash, cash equivalents and restricted cash, end of period 321,409 187,835
Non-cash investing and financing activities:    
Accrued capital expenditures and tenant improvements 42 2,697
Accrued share repurchase through Share Repurchase Program 30,000 0
Reduction in consolidated indebtedness from deconsolidation of joint venture 95,095 0
Contribution of land to unconsolidated joint venture 6,939 0
Contribution of real estate and working capital in exchange for equity investment in unconsolidated joint venture $ 0 $ 122,622