2023 Q4 Form 10-Q Financial Statement

#000128604323000128 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $200.3M $207.2M
YoY Change -2.16% 3.45%
Cost Of Revenue $47.86M $54.10M
YoY Change -11.04% 5.64%
Gross Profit $152.4M $153.1M
YoY Change 1.01% 2.68%
Gross Profit Margin 76.1% 73.88%
Selling, General & Admin $14.34M $13.90M
YoY Change 11.33% -6.45%
% of Gross Profit 9.41% 9.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $102.9M $106.8M
YoY Change -9.5% -7.8%
% of Gross Profit 67.51% 69.76%
Operating Expenses $117.2M $119.9M
YoY Change -6.65% -8.26%
Operating Profit $35.18M $26.83M
YoY Change 39.06% 46.57%
Interest Expense -$27.24M $25.48M
YoY Change 1.52% -2.83%
% of Operating Profit -77.43% 95.0%
Other Income/Expense, Net $334.0K $950.0K
YoY Change -25.28% 1537.93%
Pretax Income $8.407M $2.300M
YoY Change -891.62% -129.24%
Income Tax $449.0K $68.00K
% Of Pretax Income 5.34% 2.96%
Net Earnings $7.979M $2.070M
YoY Change -808.61% -126.41%
Net Earnings / Revenue 3.98% 1.0%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.04 $0.01
COMMON SHARES
Basic Shares Outstanding 219.4M shares 219.4M shares
Diluted Shares Outstanding 220.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.41M $52.30M
YoY Change -68.55% -40.87%
Cash & Equivalents $36.41M $52.32M
Short-Term Investments
Other Short-Term Assets $117.8M $134.6M
YoY Change -7.25% -5.71%
Inventory
Prepaid Expenses
Receivables $113.3M $113.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $267.5M $300.0M
YoY Change -22.26% -5.6%
LONG-TERM ASSETS
Property, Plant & Equipment $6.358B $6.397B
YoY Change -3.24% -3.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.062M $10.20M
YoY Change -12.98% -3.44%
Other Assets $309.2M $345.0M
YoY Change -25.68% -23.33%
Total Long-Term Assets $6.677B $6.752B
YoY Change -4.59% -4.65%
TOTAL ASSETS
Total Short-Term Assets $267.5M $300.0M
Total Long-Term Assets $6.677B $6.752B
Total Assets $6.944B $7.052B
YoY Change -5.42% -4.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $198.1M $198.5M
YoY Change -4.67% 30.58%
Accrued Expenses $68.93M $69.40M
YoY Change 2.62% 2.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $198.1M $280.5M
YoY Change -27.96% 27.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.829B $2.869B
YoY Change -6.02% -4.78%
Other Long-Term Liabilities $272.9M $198.6M
YoY Change 18.22% -33.8%
Total Long-Term Liabilities $3.102B $3.067B
YoY Change -4.29% -7.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $198.1M $280.5M
Total Long-Term Liabilities $3.102B $3.067B
Total Liabilities $3.376B $3.348B
YoY Change -3.99% -3.38%
SHAREHOLDERS EQUITY
Retained Earnings -$1.373B -$1.326B
YoY Change 13.69% 19.93%
Common Stock $2.194M $2.194M
YoY Change 0.09% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.568B $3.635B
YoY Change
Total Liabilities & Shareholders Equity $6.944B $7.052B
YoY Change -5.42% -4.7%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $7.979M $2.070M
YoY Change -808.61% -126.41%
Depreciation, Depletion And Amortization $102.9M $106.8M
YoY Change -9.5% -7.8%
Cash From Operating Activities $103.4M $110.8M
YoY Change -11.47% 2.49%
INVESTING ACTIVITIES
Capital Expenditures $43.88M $30.90M
YoY Change -15.63% -164.64%
Acquisitions
YoY Change
Other Investing Activities $17.65M -$32.60M
YoY Change -14.12% -5.6%
Cash From Investing Activities -$26.23M -$63.50M
YoY Change -16.61% -22.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -94.06M -123.9M
YoY Change 56.93% 336.08%
NET CHANGE
Cash From Operating Activities 103.4M 110.8M
Cash From Investing Activities -26.23M -63.50M
Cash From Financing Activities -94.06M -123.9M
Net Change In Cash -16.84M -76.60M
YoY Change -166.14% 2796.03%
FREE CASH FLOW
Cash From Operating Activities $103.4M $110.8M
Capital Expenditures $43.88M $30.90M
Free Cash Flow $59.57M $79.90M
YoY Change -8.14% -48.75%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121970000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100363000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58314000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96507000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
301000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
125000 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 September 30, 2023 owned approximately 98.5% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.5% 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 September 30, 2023 and for the three and nine months ended September 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 September 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%">180 </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%">28,290,147 </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><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%">Hamilton Crossing Centre</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%">92,283 </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%">Edwards Multiplex – Ontario</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%">124,614 </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 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of September 30, 2023. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method.</span></div>
CY2023Q3 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7643839000 usd
CY2022Q4 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7656765000 usd
CY2023Q3 us-gaap Development In Process
DevelopmentInProcess
64569000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
75808000 usd
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7708408000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
159491000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
155399000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
478215000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
457875000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
38100000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
36636000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
117730000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
112725000 usd
CY2023Q3 krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
219000 usd
CY2022Q3 krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
1882000 usd
krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
2007000 usd
krg Operating Lease Bad Debt Recovery Reserve
OperatingLeaseBadDebtRecoveryReserve
3624000 usd
CY2023Q3 krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
3132000 usd
CY2022Q3 krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
4328000 usd
krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
9900000 usd
krg Operating Lease Straight Line Rent Adjustments
OperatingLeaseStraightLineRentAdjustments
12951000 usd
CY2023Q3 krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
367000 usd
CY2022Q3 krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
34000 usd
krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
177000 usd
krg Operating Lease Straight Line Rent Recovery Reserve For Uncollectibility
OperatingLeaseStraightLineRentRecoveryReserveForUncollectibility
298000 usd
CY2023Q3 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
3853000 usd
CY2022Q3 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
1228000 usd
krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
9228000 usd
krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
3143000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
203990000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
195675000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
612889000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
582772000 usd
CY2023Q3 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
201000 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
139000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3196000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023Q3 us-gaap Minority Interest
MinorityInterest
2375000 usd
CY2022Q3 us-gaap Minority Interest
MinorityInterest
5285000 usd
CY2023Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3434881 shares
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
2870697 shares
krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
9305000 usd
krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
10161000 usd
CY2023Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
450740000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
522152000 usd
CY2023Q3 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
71754000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
66842000 usd
CY2023Q3 krg Deferred Costs Gross
DeferredCostsGross
522494000 usd
CY2022Q4 krg Deferred Costs Gross
DeferredCostsGross
588994000 usd
CY2023Q3 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
197434000 usd
CY2022Q4 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
179166000 usd
CY2023Q3 krg Deferred Costs Including Asset Held For Sale
DeferredCostsIncludingAssetHeldForSale
325060000 usd
CY2022Q4 krg Deferred Costs Including Asset Held For Sale
DeferredCostsIncludingAssetHeldForSale
409828000 usd
CY2023Q3 krg Deferred Costs Asset Held For Sale
DeferredCostsAssetHeldForSale
411000 usd
CY2022Q4 krg Deferred Costs Asset Held For Sale
DeferredCostsAssetHeldForSale
0 usd
CY2023Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
324649000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
409828000 usd
krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
83768000 usd
krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
117177000 usd
CY2023Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
167390000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
188815000 usd
CY2023Q3 krg Retainages Payable And Other
RetainagesPayableAndOther
12005000 usd
CY2022Q4 krg Retainages Payable And Other
RetainagesPayableAndOther
12110000 usd
CY2023Q3 us-gaap Advance Rent
AdvanceRent
31392000 usd
CY2022Q4 us-gaap Advance Rent
AdvanceRent
29947000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
69361000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
67167000 usd
CY2023Q3 krg Other Liabilities Including Asset Held For Sale
OtherLiabilitiesIncludingAssetHeldForSale
280148000 usd
CY2022Q4 krg Other Liabilities Including Asset Held For Sale
OtherLiabilitiesIncludingAssetHeldForSale
298039000 usd
CY2023Q3 krg Other Liabilities Asset Held For Sale
OtherLiabilitiesAssetHeldForSale
188000 usd
CY2022Q4 krg Other Liabilities Asset Held For Sale
OtherLiabilitiesAssetHeldForSale
0 usd
CY2023Q3 us-gaap Other Liabilities
OtherLiabilities
279960000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
298039000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
18500000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
13300000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2843202000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2978256000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-35721000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-44362000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10095000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12319000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2868828000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3010299000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-25626000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
2868828000 usd
CY2023Q3 krg Percentage Of Total
PercentageOfTotal
1
CY2023Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0435
krg Weighted Average Years To Maturity
WeightedAverageYearsToMaturity
P4Y1M6D
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
CY2023Q3 krg Letters Of Credit Outstanding Amount Advanced
LettersOfCreditOutstandingAmountAdvanced
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2685000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2169000 usd
CY2023Q3 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
2000000000 usd
CY2023Q3 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
876600000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
5500000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
13200000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1200000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-8600000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.72
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.63
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2023Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
3300000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
3100000 shares
CY2022Q3 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
3000000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
300000 usd
CY2023Q3 krg Letters Of Credit Outstanding Amount Advanced
LettersOfCreditOutstandingAmountAdvanced
0 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001286043-23-000128-index.html Edgar Link pending
0001286043-23-000128.txt Edgar Link pending
0001286043-23-000128-xbrl.zip Edgar Link pending
exhibit3119-30x23.htm Edgar Link pending
exhibit3129-30x23.htm Edgar Link pending
exhibit3139-30x23.htm Edgar Link pending
exhibit3149-30x23.htm Edgar Link pending
exhibit3219-30x23.htm Edgar Link pending
exhibit3229-30x23.htm Edgar Link pending
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krg-20230930.htm Edgar Link pending
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krg-20230930_pre.xml Edgar Link unprocessable
krg-20230930_lab.xml Edgar Link unprocessable
krg-20230930_htm.xml Edgar Link completed
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