2023 Q1 Form 10-K Financial Statement

#000128604323000023 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $206.8M $204.7M $802.0M
YoY Change 6.36% 25.61% 114.83%
Cost Of Revenue $54.50M $53.80M $211.8M
YoY Change 3.24% 13.18% 101.55%
Gross Profit $152.3M $150.9M $590.2M
YoY Change 7.52% 30.74% 120.03%
Gross Profit Margin 73.64% 73.71% 73.59%
Selling, General & Admin $13.38M $12.88M $54.86M
YoY Change 0.56% 24.98% 61.43%
% of Gross Profit 8.79% 8.54% 9.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $109.0M $113.7M $469.8M
YoY Change -10.32% 2.85% 134.36%
% of Gross Profit 71.56% 75.36% 79.6%
Operating Expenses $121.5M $125.6M $524.7M
YoY Change -9.91% 4.54% 123.79%
Operating Profit $30.80M $25.29M $91.67M
YoY Change 240.91% -634.53% -525.89%
Interest Expense $25.43M -$26.83M $104.3M
YoY Change -0.35% 16.33% 72.51%
% of Operating Profit 82.55% -106.06% 113.75%
Other Income/Expense, Net $403.0K $447.0K $240.0K
YoY Change -491.26% 169.28% -32.39%
Pretax Income $5.776M -$1.062M -$12.37M
YoY Change -134.83% -98.94% -84.85%
Income Tax -$29.00K $302.0K $43.00K
% Of Pretax Income -0.5%
Net Earnings $5.391M -$1.126M -$12.64M
YoY Change -132.08% -98.85% -84.36%
Net Earnings / Revenue 2.61% -0.55% -1.58%
Basic Earnings Per Share $0.02 -$0.06
Diluted Earnings Per Share $0.02 -$0.01 -$0.06
COMMON SHARES
Basic Shares Outstanding 219.2M shares 219.1M shares 219.1M shares
Diluted Shares Outstanding 220.0M shares 219.1M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.73M $115.8M $115.8M
YoY Change -41.18% 24.19% 24.19%
Cash & Equivalents $43.73M $115.8M $115.8M
Short-Term Investments
Other Short-Term Assets $117.4M $127.0M $127.0M
YoY Change 21.96% 49.77% 49.77%
Inventory
Prepaid Expenses
Receivables $103.5M $101.3M $101.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $264.6M $344.1M $344.1M
YoY Change 10.37% 39.61% 39.61%
LONG-TERM ASSETS
Property, Plant & Equipment $6.509B $6.571B $6.571B
YoY Change -2.52% -2.03% -2.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.34M $10.41M $10.41M
YoY Change -12.61% -12.38% -92.39%
Other Assets $413.2M $416.0M $416.0M
YoY Change -20.57% -24.18% -24.18%
Total Long-Term Assets $6.932B $6.998B $6.998B
YoY Change -5.48% -5.35% -5.35%
TOTAL ASSETS
Total Short-Term Assets $264.6M $344.1M $344.1M
Total Long-Term Assets $6.932B $6.998B $6.998B
Total Assets $7.197B $7.342B $7.342B
YoY Change -4.97% -3.9% -3.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $160.1M $207.8M $207.8M
YoY Change 28.95% 12.33% 12.33%
Accrued Expenses $67.97M $67.17M $67.17M
YoY Change -3.4% -4.37% -4.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $229.1M $275.0M $275.0M
YoY Change 17.73% 7.73% 7.73%
LONG-TERM LIABILITIES
Long-Term Debt $2.973B $3.010B $3.010B
YoY Change -6.5% -4.46% -4.46%
Other Long-Term Liabilities $226.8M $230.9M $230.9M
YoY Change -3.86% -8.09% -8.09%
Total Long-Term Liabilities $3.199B $3.241B $3.241B
YoY Change -6.32% -4.73% -4.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.1M $275.0M $275.0M
Total Long-Term Liabilities $3.199B $3.241B $3.241B
Total Liabilities $3.428B $3.516B $3.575B
YoY Change -5.02% -3.86% -3.82%
SHAREHOLDERS EQUITY
Retained Earnings -$1.255B -$1.208B
YoY Change 22.88% 25.43%
Common Stock $2.193M $2.192M
YoY Change 0.14% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.706B $3.767B $3.767B
YoY Change
Total Liabilities & Shareholders Equity $7.197B $7.342B $7.342B
YoY Change -4.97% -3.9% -3.9%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $5.391M -$1.126M -$12.64M
YoY Change -132.08% -98.85% -84.36%
Depreciation, Depletion And Amortization $109.0M $113.7M $469.8M
YoY Change -10.32% 2.85% 134.36%
Cash From Operating Activities $63.60M $116.9M $379.3M
YoY Change 28.28% -3457.87% 277.96%
INVESTING ACTIVITIES
Capital Expenditures $39.12M $52.00M $158.5M
YoY Change -264.71% -355.2% -376.62%
Acquisitions
YoY Change
Other Investing Activities -$2.393M $20.55M $113.4M
YoY Change -93.77% -46.5% -436.27%
Cash From Investing Activities -$41.51M -$31.46M -$45.15M
YoY Change -33.24% -274.46% -50.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.505M
YoY Change -89.97%
Debt Paid & Issued, Net $199.3M $569.0M
YoY Change 372.35% 633.28%
Cash From Financing Activities -$91.36M -59.94M -$312.5M
YoY Change 1539.4% 233.24% -802.96%
NET CHANGE
Cash From Operating Activities $63.60M 116.9M $379.3M
Cash From Investing Activities -$41.51M -31.46M -$45.15M
Cash From Financing Activities -$91.36M -59.94M -$312.5M
Net Change In Cash -$69.28M 25.46M $21.61M
YoY Change 281.2% -841.07% -59.82%
FREE CASH FLOW
Cash From Operating Activities $63.60M $116.9M $379.3M
Capital Expenditures $39.12M $52.00M $158.5M
Free Cash Flow $24.48M $64.85M $220.7M
YoY Change -66.62% 283.77% 40.01%

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CY2021 us-gaap Stock Issued During Period Value Acquisitions
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CY2021 us-gaap Profit Loss
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CY2020 us-gaap Profit Loss
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CY2020 us-gaap Other Depreciation And Amortization
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CY2022 us-gaap Gain Loss On Disposition Of Assets
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CY2021 us-gaap Gain Loss On Disposition Of Assets
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CY2020 us-gaap Gain Loss On Disposition Of Assets
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CY2022 us-gaap Straight Line Rent
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16632000 usd
CY2021 us-gaap Straight Line Rent
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5391000 usd
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10280000 usd
CY2021 us-gaap Share Based Compensation
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6697000 usd
CY2020 us-gaap Share Based Compensation
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CY2022 us-gaap Amortization Of Debt Discount Premium
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-13521000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2020 us-gaap Amortization Of Debt Discount Premium
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CY2022 us-gaap Amortization Of Above And Below Market Leases
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-4821000 usd
CY2021 us-gaap Amortization Of Above And Below Market Leases
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CY2020 us-gaap Amortization Of Above And Below Market Leases
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CY2022 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2021 us-gaap Increase Decrease In Accounts And Other Receivables
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3102000 usd
CY2020 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2020 us-gaap Increase Decrease In Other Operating Assets
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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-20528000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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10683000 usd
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
379283000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100351000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
95515000 usd
CY2022 us-gaap Cash Acquired From Acquisition
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CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
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CY2020 us-gaap Cash Acquired From Acquisition
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CY2022 us-gaap Payments To Acquire Real Estate
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CY2021 us-gaap Payments To Acquire Real Estate
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CY2020 us-gaap Payments To Acquire Real Estate
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CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
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CY2020 us-gaap Payments To Acquire Other Property Plant And Equipment
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CY2022 us-gaap Proceeds From Sale Of Land Heldforinvestment
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CY2021 us-gaap Proceeds From Sale Of Land Heldforinvestment
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CY2020 us-gaap Proceeds From Sale Of Land Heldforinvestment
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CY2021 us-gaap Proceeds From Sale Of Other Real Estate Heldforinvestment
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CY2020 us-gaap Proceeds From Sale Of Other Real Estate Heldforinvestment
ProceedsFromSaleOfOtherRealEstateHeldforinvestment
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CY2022 us-gaap Payments For Proceeds From Short Term Investments
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CY2021 us-gaap Payments For Proceeds From Short Term Investments
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CY2020 us-gaap Payments For Proceeds From Short Term Investments
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CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
657000 usd
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
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712000 usd
CY2020 us-gaap Payments To Acquire Notes Receivable
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CY2022 krg Increase Decrease In Retainage Payable Investing
IncreaseDecreaseInRetainagePayableInvesting
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CY2021 krg Increase Decrease In Retainage Payable Investing
IncreaseDecreaseInRetainagePayableInvesting
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CY2020 krg Increase Decrease In Retainage Payable Investing
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CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1245000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1029000 usd
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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CY2022 us-gaap Payments To Acquire Equity Method Investments
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125000 usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
134000 usd
CY2020 us-gaap Payments To Acquire Equity Method Investments
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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1535000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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1336000 usd
CY2022 krg Payments For Capped Calls
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CY2021 krg Payments For Capped Calls
PaymentsForCappedCalls
9800000 usd
CY2020 krg Payments For Capped Calls
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5159000 usd
CY2021 us-gaap Payment Of Financing And Stock Issuance Costs
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CY2020 us-gaap Payment Of Financing And Stock Issuance Costs
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CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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215000000 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
325000000 usd
CY2022 us-gaap Repayments Of Long Term Debt
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568963000 usd
CY2021 us-gaap Repayments Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2022 us-gaap Payments Of Dividends Common Stock
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Payments Of Dividends Common Stock
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CY2022 us-gaap Payments Of Dividends Minority Interest
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CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2020 us-gaap Payments Of Dividends Minority Interest
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CY2022 krg Payment For Redemption Of Redeemable Noncontrolling Interest
PaymentForRedemptionOfRedeemableNoncontrollingInterest
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CY2020 krg Payment For Redemption Of Redeemable Noncontrolling Interest
PaymentForRedemptionOfRedeemableNoncontrollingInterest
2500000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21607000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53777000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6227000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100363000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46586000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52813000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121970000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100363000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46586000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
113744000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
59552000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1670000 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
4236000 usd
CY2020 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 usd
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
4665000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION AND BASIS OF PRESENTATION<div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kite Realty Group Trust (the “Parent Company”), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of high-quality, open-air shopping centers and mixed-used assets that are primarily grocery-anchored and located in high-growth Sun Belt and select strategic gateway markets in the United States. The terms “Company,” “we,” “us,” and “our” refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering (“IPO”) of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (“REIT”) under provisions of the Internal Revenue Code of 1986, as amended.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Parent Company is the sole general partner of the Operating Partnership, and as of December 31, 2022 owned approximately 98.7% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.3% of the common partnership interests (“Limited Partner Units” and, together with the General Partner Units, the “Common Units”) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Actual results could differ from these estimates.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On October 22, 2021, we completed a merger with Retail Properties of America, Inc. (“RPAI”) in accordance with the Agreement and Plan of Merger dated July 18, 2021 (the “Merger Agreement”), by and among the Company, its wholly owned subsidiary KRG Oak, LLC (“Merger Sub”) and RPAI, pursuant to which RPAI merged with and into Merger Sub (the “Merger”). Immediately following the closing of the Merger, Merger Sub merged with and into the Operating Partnership so that all of the assets and liabilities of the Company continue to be held at or below the Operating Partnership level. The transaction value was approximately $4.7 billion, including the assumption of approximately $1.8 billion of debt. We acquired 100 operating retail properties and five development projects through the Merger along with multiple parcels of entitled land for future value creation.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the terms of the Merger Agreement, each outstanding share of RPAI common stock converted into the right to receive 0.623 common shares of the Company plus cash in lieu of fractional Company shares. The aggregate value of the Merger consideration paid to former holders of RPAI common stock was approximately $2.8 billion, excluding the value of RPAI restricted stock units that vested at closing and certain restricted share awards assumed by the Company at closing. In connection with the Merger, the Operating Partnership issued an equivalent amount of General Partner Units to the Parent Company.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022, we owned interests in 183 operating retail properties totaling approximately 28.8 million square feet and one office property with 0.3 million square feet. Of the 183 operating retail properties, 11 contain an office component. We also owned three development projects under construction as of this date. Of the 183 operating retail properties, 180 are consolidated in these financial statements and the remaining three are accounted for under the equity method.</span></div>
CY2022Q4 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7656765000 usd
CY2021Q4 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7550988000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
75808000 usd
CY2021Q4 us-gaap Development In Process
DevelopmentInProcess
41360000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7732573000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7592348000 usd
CY2022Q4 krg Variable Interest Entity Number Of Entities
VariableInterestEntityNumberOfEntities
2 joint_venture
CY2022Q4 krg Number Of Equity Method Investments
NumberOfEquityMethodInvestments
4 joint_venture
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
115799000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93241000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43648000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
6171000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
7122000 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
2938000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121970000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100363000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46586000 usd
CY2022 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-125000000 usd
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Revenue Recognition</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements and is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2022, 2021 and 2020. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of the outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience and current economic trends when evaluating the </span></div>collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4500000 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
500000 usd
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
5900000 usd
CY2022 krg Allowance For Doubtful Accounts Percentage Of Revenues
AllowanceForDoubtfulAccountsPercentageOfRevenues
0.007
CY2021 krg Allowance For Doubtful Accounts Percentage Of Revenues
AllowanceForDoubtfulAccountsPercentageOfRevenues
0.009
CY2020 krg Allowance For Doubtful Accounts Percentage Of Revenues
AllowanceForDoubtfulAccountsPercentageOfRevenues
0.060
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue.</span></div>
CY2022 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2800000 shares
CY2021 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2500000 shares
CY2020 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2200000 shares
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022 krg Effective Income Tax Rate Reconciliation Tax Characterization Of Dividends Paid
EffectiveIncomeTaxRateReconciliationTaxCharacterizationOfDividendsPaid
1.000
CY2021 krg Effective Income Tax Rate Reconciliation Tax Characterization Of Dividends Paid
EffectiveIncomeTaxRateReconciliationTaxCharacterizationOfDividendsPaid
1.000
CY2020 krg Effective Income Tax Rate Reconciliation Tax Characterization Of Dividends Paid
EffectiveIncomeTaxRateReconciliationTaxCharacterizationOfDividendsPaid
1.000
CY2021Q4 us-gaap Minority Interest
MinorityInterest
5146000 usd
CY2020Q4 us-gaap Minority Interest
MinorityInterest
698000 usd
CY2019Q4 us-gaap Minority Interest
MinorityInterest
698000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 usd
CY2021 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
4463000 usd
CY2020 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 usd
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
5370000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
5146000 usd
CY2020Q4 us-gaap Minority Interest
MinorityInterest
698000 usd
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
2870697 shares
CY2021Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
2377777 shares
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5600000 usd
CY2021 krg Noncash Or Part Noncash Acquisition Lease Liabilities Assumed
NoncashOrPartNoncashAcquisitionLeaseLiabilitiesAssumed
171378000 usd
CY2021Q4 krg Weighted Average Interest Rate On Acquired Lease Liabilities
WeightedAverageInterestRateOnAcquiredLeaseLiabilities
0.054
CY2022Q4 us-gaap Area Of Land
AreaOfLand
210849 sqft
CY2022 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
101770000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10300000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7200000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1300000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1000000 usd
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1200000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
6372430 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1250 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.20
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1250 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.20
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
0 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1250 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.20
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1250 shares
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1250 shares
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2500 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3300 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6550 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
522152000 usd
CY2021Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
567149000 usd
CY2022Q4 krg Deferred Leasing Costs And Other
DeferredLeasingCostsAndOther
66842000 usd
CY2021Q4 krg Deferred Leasing Costs And Other
DeferredLeasingCostsAndOther
55817000 usd
CY2022Q4 krg Deferred Costs Gross
DeferredCostsGross
588994000 usd
CY2021Q4 krg Deferred Costs Gross
DeferredCostsGross
622966000 usd
CY2022Q4 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
179166000 usd
CY2021Q4 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
81448000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
409828000 usd
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
541518000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
103918000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
73441000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50685000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
35202000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
24186000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
66615000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
354047000 usd
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
210261000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12110000 usd
CY2022 krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
150245000 usd
CY2021 krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
45423000 usd
CY2020 krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
13916000 usd
CY2022 krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
13562000 usd
CY2021 krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
3483000 usd
CY2020 krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
999000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
188815000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10796000 usd
CY2022Q4 us-gaap Advance Rent
AdvanceRent
29947000 usd
CY2021Q4 us-gaap Advance Rent
AdvanceRent
30125000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
67167000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
70237000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
298039000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
321419000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
18400000 usd
CY2021 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
6100000 usd
CY2020 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
4800000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2978256000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3092225000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-44362000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-69425000 usd
CY2022Q4 krg Letters Of Credit Outstanding Amount Advanced
LettersOfCreditOutstandingAmountAdvanced
0 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12319000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10842000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3010299000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
3150808000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-32043000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3010299000 usd
CY2022Q4 krg Percentage Of Total
PercentageOfTotal
1
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0421
CY2022 krg Weighted Average Maturity
WeightedAverageMaturity
P4Y2M12D
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1500000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3163000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2681000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2135000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year One
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearOne
3020000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year One
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearOne
189390000 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity Year One
LongTermDebtUnsecuredMaturityYearOne
95000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
287410000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Two
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearTwo
2721000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Two
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearTwo
0 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity Year Two
LongTermDebtUnsecuredMaturityYearTwo
269635000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
272356000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearThree
2848000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Three
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearThree
0 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity Year Three
LongTermDebtUnsecuredMaturityYearThree
680000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
682848000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearFour
2981000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Four
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearFour
0 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity Year Four
LongTermDebtUnsecuredMaturityYearFour
550000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
552981000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Five
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearFive
3120000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Five
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearFive
0 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity Year Five
LongTermDebtUnsecuredMaturityYearFive
250000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
253120000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments After Year Five
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsAfterYearFive
27061000 usd
CY2022Q4 krg Long Term Debt Maturities Repayments Of Term Maturity After Year Five
LongTermDebtMaturitiesRepaymentsOfTermMaturityAfterYearFive
2480000 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity After Year Five
LongTermDebtUnsecuredMaturityAfterYearFive
900000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
929541000 usd
CY2022Q4 krg Long Term Debt Annual Principal Payments Gross
LongTermDebtAnnualPrincipalPaymentsGross
41751000 usd
CY2022Q4 krg Long Term Debt Term Maturity Gross
LongTermDebtTermMaturityGross
191870000 usd
CY2022Q4 krg Long Term Debt Unsecured Maturity Gross
LongTermDebtUnsecuredMaturityGross
2744635000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2978256000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-32043000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3010299000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2400000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1600000 usd
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1500000 usd
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
2100000000 usd
CY2022Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
848300000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-7300000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-7700000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-4000000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
615773000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
292873000 usd
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
218004000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
151304000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
69422000 usd
CY2020 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
52128000 usd
CY2022 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
6027000 usd
CY2021 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
2897000 usd
CY2020 us-gaap Provision For Lease Losses
ProvisionForLeaseLosses
13259000 usd
CY2022 krg Operating Lease Straight Line Rent Adjustment
OperatingLeaseStraightLineRentAdjustment
17031000 usd
CY2021 krg Operating Lease Straight Line Rent Adjustment
OperatingLeaseStraightLineRentAdjustment
4674000 usd
CY2020 krg Operating Lease Straight Line Rent Adjustment
OperatingLeaseStraightLineRentAdjustment
1155000 usd
CY2022 krg Operating Lease Straight Line Rent Reserve For Uncollectibility
OperatingLeaseStraightLineRentReserveForUncollectibility
553000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2021 krg Operating Lease Straight Line Rent Reserve For Uncollectibility
OperatingLeaseStraightLineRentReserveForUncollectibility
-716000 usd
CY2020 krg Operating Lease Straight Line Rent Reserve For Uncollectibility
OperatingLeaseStraightLineRentReserveForUncollectibility
4177000 usd
CY2022 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
4821000 usd
CY2021 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
2611000 usd
CY2020 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
3819000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
782349000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
367399000 usd
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
257670000 usd
CY2022Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P7Y1M6D
CY2022 krg Operating Lease Variable Lease Income Overage Rent
OperatingLeaseVariableLeaseIncomeOverageRent
5900000 usd
CY2021 krg Operating Lease Variable Lease Income Overage Rent
OperatingLeaseVariableLeaseIncomeOverageRent
800000 usd
CY2020 krg Operating Lease Variable Lease Income Overage Rent
OperatingLeaseVariableLeaseIncomeOverageRent
200000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
613776000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
552465000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
474145000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
402393000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
323087000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1088663000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3454529000 usd
CY2022Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
12 lease
CY2022Q4 us-gaap Area Of Land
AreaOfLand
98 acre
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
3900000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
2800000 usd
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1900000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5100000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2600000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1800000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5035000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5044000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5168000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5174000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5218000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
110623000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
136262000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
69095000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
67167000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.87
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.72
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.5995
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2022Q2 krg Stock Repurchase Program Increase Decrease In Authorized Amount
StockRepurchaseProgramIncreaseDecreaseInAuthorizedAmount
150000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1500000 usd
CY2022Q4 krg Letters Of Credit Outstanding Amount Advanced
LettersOfCreditOutstandingAmountAdvanced
0 usd
CY2022 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
300000 usd
CY2021 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
300000 usd
CY2020 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
500000 usd
CY2022Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
2978256000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1983982000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
5338648000 usd
CY2022Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
11971000 usd
CY2022Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
397972000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1995953000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
5736620000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7732573000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1161148000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7584735000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3136982000 usd
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3079616000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
99064000 usd
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
15263000 usd
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
63570000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
152165000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
54323000 usd
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
39544000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
86719000 usd
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
62601000 usd
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
45748000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7732573000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7584735000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3136982000 usd
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
8000000000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
879306000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
750119000 usd
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
661546000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
318809000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
154519000 usd
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
113973000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
36967000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
25332000 usd
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
25400000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1161148000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
879306000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
750119000 usd

Files In Submission

Name View Source Status
krg-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
krg-20221231_cal.xml Edgar Link unprocessable
krg-20221231_lab.xml Edgar Link unprocessable
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exhibit104612-31x22.htm Edgar Link pending
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krg-20221231.htm Edgar Link pending
krg-20221231.xsd Edgar Link pending
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krg-20221231_htm.xml Edgar Link completed
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