$KRG
KITE REALTY GROUP TRUST

2023 Q3 Form 10-Q Financial Statement

#000128604323000108 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $207.2M $208.8M
YoY Change 3.45% 3.04%
Cost Of Revenue $54.10M $53.93M
YoY Change 5.64% -0.14%
Gross Profit $153.1M $154.8M
YoY Change 2.68% 4.19%
Gross Profit Margin 73.88% 74.17%
Selling, General & Admin $13.90M $14.50M
YoY Change -6.45% 5.0%
% of Gross Profit 9.08% 9.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $106.8M $109.5M
YoY Change -7.8% -8.28%
% of Gross Profit 69.76% 70.7%
Operating Expenses $119.9M $124.0M
YoY Change -8.26% -7.19%
Operating Profit $26.83M $30.87M
YoY Change 46.57% -20.88%
Interest Expense $25.48M -$27.21M
YoY Change -2.83% -205.82%
% of Operating Profit 95.0% -88.13%
Other Income/Expense, Net $950.0K $304.0K
YoY Change 1537.93% -287.65%
Pretax Income $2.300M $32.41M
YoY Change -129.24% 146.58%
Income Tax $68.00K $45.00K
% Of Pretax Income 2.96% 0.14%
Net Earnings $2.070M $32.06M
YoY Change -126.41% 144.14%
Net Earnings / Revenue 1.0% 15.36%
Basic Earnings Per Share $0.01 $0.15
Diluted Earnings Per Share $0.01 $0.15
COMMON SHARES
Basic Shares Outstanding 219.4M shares 219.3M shares
Diluted Shares Outstanding 220.0M shares 220.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.30M $129.3M
YoY Change -40.87% 42.36%
Cash & Equivalents $52.32M $129.3M
Short-Term Investments
Other Short-Term Assets $134.6M $130.5M
YoY Change -5.71% 23.1%
Inventory
Prepaid Expenses
Receivables $113.1M $109.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $300.0M $369.3M
YoY Change -5.6% 34.95%
LONG-TERM ASSETS
Property, Plant & Equipment $6.397B $6.426B
YoY Change -3.39% -2.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.20M $10.31M
YoY Change -3.44% -1.2%
Other Assets $345.0M $359.4M
YoY Change -23.33% -25.58%
Total Long-Term Assets $6.752B $6.796B
YoY Change -4.65% -4.44%
TOTAL ASSETS
Total Short-Term Assets $300.0M $369.3M
Total Long-Term Assets $6.752B $6.796B
Total Assets $7.052B $7.165B
YoY Change -4.7% -2.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $198.5M $178.2M
YoY Change 30.58% 33.21%
Accrued Expenses $69.40M $68.17M
YoY Change 2.75% 0.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $280.5M $178.2M
YoY Change 27.76% -11.66%
LONG-TERM LIABILITIES
Long-Term Debt $2.869B $2.938B
YoY Change -4.78% -2.11%
Other Long-Term Liabilities $198.6M $289.7M
YoY Change -33.8% 26.8%
Total Long-Term Liabilities $3.067B $3.228B
YoY Change -7.41% -0.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $280.5M $178.2M
Total Long-Term Liabilities $3.067B $3.228B
Total Liabilities $3.348B $3.472B
YoY Change -3.38% 1.19%
SHAREHOLDERS EQUITY
Retained Earnings -$1.326B -$1.276B
YoY Change 19.93% 21.26%
Common Stock $2.194M $2.194M
YoY Change 0.14% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.635B $3.693B
YoY Change
Total Liabilities & Shareholders Equity $7.052B $7.165B
YoY Change -4.7% -2.98%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $2.070M $32.06M
YoY Change -126.41% 144.14%
Depreciation, Depletion And Amortization $106.8M $109.5M
YoY Change -7.8% -8.28%
Cash From Operating Activities $110.8M $116.8M
YoY Change 2.49% 11.54%
INVESTING ACTIVITIES
Capital Expenditures $30.90M $28.65M
YoY Change -164.64% -181.89%
Acquisitions
YoY Change
Other Investing Activities -$32.60M $78.17M
YoY Change -5.6% -52.85%
Cash From Investing Activities -$63.50M $49.53M
YoY Change -22.88% -62.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -123.9M -84.09M
YoY Change 336.08% -61.53%
NET CHANGE
Cash From Operating Activities 110.8M 116.8M
Cash From Investing Activities -63.50M 49.53M
Cash From Financing Activities -123.9M -84.09M
Net Change In Cash -76.60M 82.26M
YoY Change 2796.03% 384.96%
FREE CASH FLOW
Cash From Operating Activities $110.8M $116.8M
Capital Expenditures $30.90M $28.65M
Free Cash Flow $79.90M $88.18M
YoY Change -48.75% -36.89%

Facts In Submission

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krg Increase Decrease In Construction Payables Investing
IncreaseDecreaseInConstructionPayablesInvesting
-3980000 usd
krg Increase Decrease In Construction Payables Investing
IncreaseDecreaseInConstructionPayablesInvesting
-717000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1144000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8013000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
68646000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
40000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
20000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
731000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1144000 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
54000 usd
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
662000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
293095000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
120000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
361162000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
255766000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
105243000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
85408000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1399000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1219000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-175454000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-224179000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12984000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1211000 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
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134954000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99152000 usd
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-use assets in select 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 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 June 30, 2023 owned approximately 98.6% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.4% 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 unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) may have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures are adequate to make the presentation not misleading. The unaudited consolidated financial statements as of June 30, 2023 and for the three and six months ended June 30, 2023 and 2022 include all adjustments, consisting of normal recurring adjustments, necessary in the opinion of management to present fairly the financial information set forth therein. The unaudited consolidated financial statements in this Form 10-Q should be read in conjunction with the audited consolidated financial statements and related notes thereto included in the combined Annual Report on Form 10-K of the Parent Company and the Operating Partnership for the year ended December 31, 2022.</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 preparation of financial statements in accordance with 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. The results of operations for the interim periods are not necessarily indicative of the results that may be expected on an annual basis.</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 June 30, 2023, the Company’s portfolio consisted of the following:</span></div><div style="margin-bottom:10pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:67.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.516%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.542%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Properties</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Square Footage</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Operating retail properties</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">181 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28,590,350 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Office properties</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">287,291 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Development and redevelopment projects:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 8.2pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Carillon medical office building</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">126,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 8.2pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The Corner (IN)</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">24,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Included within operating retail properties are 11 properties that contain an office component. Of the 181 operating retail properties, 178 are consolidated in these financial statements and the remaining three are accounted for under the equity method.</span></div>
CY2023Q2 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7589842000 usd
CY2022Q4 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7656765000 usd
CY2023Q2 us-gaap Development In Process
DevelopmentInProcess
80523000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
75808000 usd
CY2023Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7670365000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7732573000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
160134000 usd
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
152652000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
318724000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
302476000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
39876000 usd
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
39064000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
79630000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
76089000 usd
CY2023Q2 krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
233000 usd
CY2022Q2 krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
1171000 usd
krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
1788000 usd
krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
1742000 usd
CY2023Q2 krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
2910000 usd
CY2022Q2 krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
4530000 usd
krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
6768000 usd
krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
8623000 usd
CY2023Q2 krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
-504000 usd
CY2022Q2 krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
202000 usd
krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
-190000 usd
krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
264000 usd
CY2023Q2 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
2645000 usd
CY2022Q2 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
1332000 usd
krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
5375000 usd
krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
1915000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
205836000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
196205000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
408899000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
387097000 usd
CY2023Q2 krg Variable Interest Entity Number Of Entities
VariableInterestEntityNumberOfEntities
2 jointventure
CY2022Q4 us-gaap Minority Interest
MinorityInterest
5370000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
5146000 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
134000 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
62000 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
5504000 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
5208000 usd
CY2023Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3034212 shares
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
2870697 shares
CY2022Q4 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
179166000 usd
CY2023Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
353714000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
409828000 usd
CY2023Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
141873 sqft
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
66020000 usd
CY2023Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
472486000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
522152000 usd
CY2023Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
70570000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
66842000 usd
CY2023Q2 krg Deferred Costs Gross
DeferredCostsGross
543056000 usd
CY2022Q4 krg Deferred Costs Gross
DeferredCostsGross
588994000 usd
CY2023Q2 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
189342000 usd
krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
57610000 usd
krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
81821000 usd
krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
6274000 usd
krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
6630000 usd
CY2023Q2 us-gaap Below Market Lease Gross
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176530000 usd
CY2022Q4 us-gaap Below Market Lease Gross
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188815000 usd
CY2023Q2 krg Retainages Payable And Other
RetainagesPayableAndOther
11397000 usd
CY2022Q4 krg Retainages Payable And Other
RetainagesPayableAndOther
12110000 usd
CY2023Q2 us-gaap Advance Rent
AdvanceRent
33576000 usd
CY2022Q4 us-gaap Advance Rent
AdvanceRent
29947000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
68168000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
67167000 usd
CY2023Q2 us-gaap Other Liabilities
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289671000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
298039000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
11600000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
8500000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2910189000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2978256000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-38428000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-44362000 usd
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10654000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12319000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
2937963000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3010299000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-27774000 usd
CY2023Q2 us-gaap Long Term Debt
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2937963000 usd
CY2023Q2 krg Percentage Of Total
PercentageOfTotal
1
CY2023Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0432
krg Weighted Average Maturity
WeightedAverageMaturity
P4Y2M12D
CY2023Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
CY2023Q2 krg Letters Of Credit Outstanding Amount Advanced
LettersOfCreditOutstandingAmountAdvanced
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1782000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1370000 usd
CY2023Q2 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
2100000000 usd
CY2023Q2 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
847900000 usd
CY2023Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
3500000 usd
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
7700000 usd
CY2022Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-3300000 usd
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-7400000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.41
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
3000000 shares
CY2023Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
3000000 shares
CY2022Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2800000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
CY2023Q2 krg Letters Of Credit Outstanding Amount Advanced
LettersOfCreditOutstandingAmountAdvanced
0 usd
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
130485000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
127044000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
10414000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
10311000 usd

Files In Submission

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0001286043-23-000108-index-headers.html Edgar Link pending
0001286043-23-000108-index.html Edgar Link pending
0001286043-23-000108.txt Edgar Link pending
0001286043-23-000108-xbrl.zip Edgar Link pending
exhibit1016-30x23.htm Edgar Link pending
exhibit3116-30x23.htm Edgar Link pending
exhibit3126-30x23.htm Edgar Link pending
exhibit3136-30x23.htm Edgar Link pending
exhibit3146-30x23.htm Edgar Link pending
exhibit3216-30x23.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
krg-20230630.htm Edgar Link pending
krg-20230630.xsd Edgar Link pending
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krg-20230630_htm.xml Edgar Link completed
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report.css Edgar Link pending
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krg-20230630_cal.xml Edgar Link unprocessable