v3.26.1
Consolidated Statements of Operations and Comprehensive Income - KRG, LP - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
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
Gains on change in control 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
Allocation of net income:        
Net income per common unit – basic (in USD per share) $ 0.80 $ 0.50 $ 0.85 $ 0.61
Net income per common unit – diluted (in USD per share) $ 0.79 $ 0.50 $ 0.84 $ 0.61
Weighted average common units outstanding – basic (in shares) 202,231,374 219,835,322 203,949,318 219,775,829
Weighted average common units 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
Kite Realty Group, L.P.        
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
Gains on change in control 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 (56) (81) (126) (151)
Net income attributable to common shareholders 165,474 112,518 177,136 136,712
Allocation of net income:        
Limited Partners 4,170 2,200 4,438 2,664
Parent Company $ 161,304 $ 110,318 $ 172,698 $ 134,048
Net income per common unit – basic (in USD per share) $ 0.80 $ 0.50 $ 0.85 $ 0.61
Net income per common unit – diluted (in USD per share) $ 0.79 $ 0.50 $ 0.84 $ 0.61
Weighted average common units outstanding – basic (in shares) 207,539,135 224,684,910 209,131,933 224,451,187
Weighted average common units outstanding – diluted (in shares) 208,506,064 224,799,456 209,833,939 224,564,297
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 (56) (81) (126) (151)
Comprehensive income attributable to the Company 163,651 108,527 173,613 128,441
Kite Realty Group, L.P. | Other property-related revenue        
Revenue:        
Other revenue 1,566 1,355 2,925 2,835
Kite Realty Group, L.P. | Fee income        
Revenue:        
Other revenue $ 1,378 $ 853 $ 2,674 $ 1,278