2024 Q1 Form 10-K Financial Statement

#000128604324000018 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $207.4M $200.3M $823.0M
YoY Change 0.33% -2.16% 2.62%
Cost Of Revenue $54.62M $47.86M $210.4M
YoY Change 0.22% -11.04% -0.67%
Gross Profit $152.8M $152.4M $612.6M
YoY Change 0.38% 1.01% 3.8%
Gross Profit Margin 73.67% 76.1% 74.44%
Selling, General & Admin $12.78M $14.34M $56.14M
YoY Change -4.48% 11.33% 2.34%
% of Gross Profit 8.37% 9.41% 9.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.4M $102.9M $426.4M
YoY Change -7.87% -9.5% -9.25%
% of Gross Profit 65.68% 67.51% 69.6%
Operating Expenses $113.2M $117.2M $482.5M
YoY Change -6.83% -6.65% -8.04%
Operating Profit $39.66M $35.18M $130.1M
YoY Change 28.78% 39.06% 41.94%
Interest Expense -$30.36M -$27.24M -$105.3M
YoY Change -219.43% 1.52% -201.03%
% of Operating Profit -76.56% -77.43% -80.96%
Other Income/Expense, Net $3.628M $334.0K $1.991M
YoY Change 800.25% -25.28% 729.58%
Pretax Income $15.01M $8.407M $48.88M
YoY Change 159.94% -891.62% -495.27%
Income Tax $158.0K $449.0K $533.0K
% Of Pretax Income 1.05% 5.34% 1.09%
Net Earnings $14.16M $7.979M $47.50M
YoY Change 162.59% -808.61% -475.89%
Net Earnings / Revenue 6.82% 3.98% 5.77%
Basic Earnings Per Share $0.06 $0.22
Diluted Earnings Per Share $0.06 $0.04 $0.22
COMMON SHARES
Basic Shares Outstanding 219.4M shares 219.4M shares 219.3M shares
Diluted Shares Outstanding 219.9M shares 219.7M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.58M $36.41M $36.41M
YoY Change 91.11% -68.55% -68.55%
Cash & Equivalents $83.58M $36.41M $36.41M
Short-Term Investments
Other Short-Term Assets $131.8M $117.8M $117.8M
YoY Change 12.21% -7.25% -7.25%
Inventory
Prepaid Expenses
Receivables $118.1M $113.3M $113.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $333.4M $267.5M $267.5M
YoY Change 25.99% -22.26% -22.26%
LONG-TERM ASSETS
Property, Plant & Equipment $6.306B $6.358B $6.358B
YoY Change -3.12% -3.24% -3.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $274.6M $9.062M $9.062M
YoY Change 2555.44% -12.98% -12.98%
Other Assets $290.8M $309.2M $309.2M
YoY Change -29.62% -25.68% -25.68%
Total Long-Term Assets $6.871B $6.677B $6.677B
YoY Change -0.88% -4.59% -4.59%
TOTAL ASSETS
Total Short-Term Assets $333.4M $267.5M $267.5M
Total Long-Term Assets $6.871B $6.677B $6.677B
Total Assets $7.204B $6.944B $6.944B
YoY Change 0.1% -5.42% -5.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.6M $198.1M $198.1M
YoY Change 7.14% -4.67% -4.67%
Accrued Expenses $68.48M $68.93M $68.93M
YoY Change 0.75% 2.62% 2.62%
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 $171.6M $198.1M $198.1M
YoY Change -25.09% -27.96% -27.96%
LONG-TERM LIABILITIES
Long-Term Debt $3.168B $2.829B $2.829B
YoY Change 6.56% -6.02% -6.02%
Other Long-Term Liabilities $259.0M $272.9M $272.9M
YoY Change 14.2% 18.22% 18.22%
Total Long-Term Liabilities $3.426B $3.102B $3.102B
YoY Change 7.1% -4.29% -4.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $171.6M $198.1M $198.1M
Total Long-Term Liabilities $3.426B $3.102B $3.102B
Total Liabilities $3.674B $3.376B $3.376B
YoY Change 7.15% -3.99% -5.58%
SHAREHOLDERS EQUITY
Retained Earnings -$1.414B -$1.373B
YoY Change 12.65% 13.69%
Common Stock $2.196M $2.194M
YoY Change 0.14% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.531B $3.568B $3.568B
YoY Change
Total Liabilities & Shareholders Equity $7.204B $6.944B $6.944B
YoY Change 0.1% -5.42% -5.42%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $14.16M $7.979M $47.50M
YoY Change 162.59% -808.61% -475.89%
Depreciation, Depletion And Amortization $100.4M $102.9M $426.4M
YoY Change -7.87% -9.5% -9.25%
Cash From Operating Activities $53.58M $103.4M $394.6M
YoY Change -15.76% -11.47% 4.05%
INVESTING ACTIVITIES
Capital Expenditures $28.20M $43.88M $142.6M
YoY Change -27.92% -15.63% -10.07%
Acquisitions
YoY Change
Other Investing Activities -$261.1M $17.65M $60.85M
YoY Change 10812.58% -14.12% -46.34%
Cash From Investing Activities -$289.3M -$26.23M -$81.73M
YoY Change 596.96% -16.61% 81.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $41.27M $544.4M
YoY Change -79.3% -4.32%
Cash From Financing Activities $283.3M -94.06M -$393.5M
YoY Change -410.07% 56.93% 25.9%
NET CHANGE
Cash From Operating Activities $53.58M 103.4M $394.6M
Cash From Investing Activities -$289.3M -26.23M -$81.73M
Cash From Financing Activities $283.3M -94.06M -$393.5M
Net Change In Cash $47.53M -16.84M -$80.54M
YoY Change -168.62% -166.14% -472.75%
FREE CASH FLOW
Cash From Operating Activities $53.58M $103.4M $394.6M
Capital Expenditures $28.20M $43.88M $142.6M
Free Cash Flow $25.38M $59.57M $252.1M
YoY Change 3.67% -8.14% 14.19%

Facts In Submission

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CY2021 us-gaap Asset Impairment Charges
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Payments To Develop Real Estate Assets
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CY2022 us-gaap Proceeds From Sale Of Land Held For Use
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CY2021 us-gaap Proceeds From Sale Of Land Held For Use
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CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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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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CY2022 us-gaap Proceeds From Collection Of Notes Receivable
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CY2021 us-gaap Proceeds From Collection Of Notes Receivable
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CY2023 krg Increase Decrease In Construction Payable Investing
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CY2022 krg Increase Decrease In Construction Payable Investing
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6341000 usd
CY2021 krg Increase Decrease In Construction Payable Investing
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CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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CY2021 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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CY2021 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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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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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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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2023 krg Payments For Capped Calls
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CY2022 krg Payments For Capped Calls
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CY2021 krg Payments For Capped Calls
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9800000 usd
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CY2022 us-gaap Payment Of Financing And Stock Issuance Costs
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CY2021 us-gaap Payment Of Financing And Stock Issuance Costs
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8141000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
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369095000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
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455000000 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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215000000 usd
CY2023 us-gaap Repayments Of Long Term Debt
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544410000 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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77591000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
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210546000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
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179624000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
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57801000 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
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2952000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
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CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2208000 usd
CY2023 us-gaap Payments To Minority Shareholders
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3196000 usd
CY2022 us-gaap Payments To Minority Shareholders
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CY2021 us-gaap Payments To Minority Shareholders
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CY2023 krg Payment For Redemption Of Redeemable Noncontrolling Interest
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CY2022 krg Payment For Redemption Of Redeemable Noncontrolling Interest
PaymentForRedemptionOfRedeemableNoncontrollingInterest
9654000 usd
CY2021 krg Payment For Redemption Of Redeemable Noncontrolling Interest
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-393457000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-312527000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44459000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-80540000 usd
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
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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41430000 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
CY2023 us-gaap Interest Paid Net
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120870000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
113744000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
59552000 usd
CY2023 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1568000 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1670000 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
4236000 usd
CY2023 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 markets 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, 2023 owned approximately 98.4% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.6% 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%">As of December 31, 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%">28,108,490 </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. 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><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”) pursuant to which RPAI merged with and into a wholly owned subsidiary of the Company, with such subsidiary continuing as a wholly owned subsidiary of the Company.</span></div>
CY2023Q4 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7684066000 usd
CY2022Q4 krg Land Investment Building And Improvements
LandInvestmentBuildingAndImprovements
7656765000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
55995000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
75808000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7740061000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7732573000 usd
CY2023Q4 krg Variable Interest Entity Number Of Entities
VariableInterestEntityNumberOfEntities
2 jointventure
CY2023Q4 krg Number Of Equity Method Investments
NumberOfEquityMethodInvestments
4 jointventure
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36413000 usd
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
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
5017000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
6171000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
7122000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41430000 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
CY2023 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 provide for 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, 2023, 2022 and 2021. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. If we determine that collectibility is not probable, we recognize income only to the extent that cash has been received from the tenant. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies, which may affect the collection of outstanding receivables. These receivables are reduced for credit loss, which is recognized as a reduction to rental </span></div><div style="margin-bottom:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such factors as the credit quality of the tenant, historical write-off experience, tenant creditworthiness and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.</span></div>
CY2023 krg Allowance For Doubtful Accounts Percentage Of Revenues
AllowanceForDoubtfulAccountsPercentageOfRevenues
0.003
CY2022 krg Allowance For Doubtful Accounts Percentage Of Revenues
AllowanceForDoubtfulAccountsPercentageOfRevenues
0.007
CY2021 krg Allowance For Doubtful Accounts Percentage Of Revenues
AllowanceForDoubtfulAccountsPercentageOfRevenues
0.009
CY2023 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>
CY2023 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
3200000 shares
CY2022 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2800000 shares
CY2021 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
2500000 shares
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023 krg Effective Income Tax Rate Reconciliation Tax Characterization Of Dividends Paid
EffectiveIncomeTaxRateReconciliationTaxCharacterizationOfDividendsPaid
1.000
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
CY2022Q4 us-gaap Minority Interest
MinorityInterest
5370000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
5146000 usd
CY2020Q4 us-gaap Minority Interest
MinorityInterest
698000 usd
CY2023 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 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
CY2023 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
256000 usd
CY2022 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
224000 usd
CY2021 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-15000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3196000 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
CY2022Q4 us-gaap Minority Interest
MinorityInterest
5370000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
5146000 usd
CY2023Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3512868 shares
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
2870697 shares
CY2021Q4 krg Weighted Average Interest Rate On Acquired Lease Liabilities
WeightedAverageInterestRateOnAcquiredLeaseLiabilities
0.054
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10100000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10300000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7200000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1400000 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
CY2022 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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1250 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1250 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
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
188815000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
433771000 usd
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
522152000 usd
CY2023Q4 krg Deferred Leasing Costs And Other
DeferredLeasingCostsAndOther
74662000 usd
CY2022Q4 krg Deferred Leasing Costs And Other
DeferredLeasingCostsAndOther
66842000 usd
CY2023Q4 krg Deferred Costs Gross
DeferredCostsGross
508433000 usd
CY2022Q4 krg Deferred Costs Gross
DeferredCostsGross
588994000 usd
CY2023Q4 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
204262000 usd
CY2022Q4 krg Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
179166000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
304171000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
409828000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
74935000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
49115000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
33839000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
22965000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17808000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
42450000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
241112000 usd
CY2023 krg Amortization Of Deferred Leasing Costs Lease Intangibles And Other
AmortizationOfDeferredLeasingCostsLeaseIntangiblesAndOther
107542000 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
CY2023 krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
12007000 usd
CY2022 krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
13562000 usd
CY2021 krg Amortization Of Above Market Lease Intangibles
AmortizationOfAboveMarketLeaseIntangibles
3483000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
159449000 usd
CY2023Q4 krg Retainages Payable And Other
RetainagesPayableAndOther
9229000 usd
CY2022Q4 krg Retainages Payable And Other
RetainagesPayableAndOther
12110000 usd
CY2023Q4 us-gaap Advance Rent
AdvanceRent
35339000 usd
CY2022Q4 us-gaap Advance Rent
AdvanceRent
29947000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
68925000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
67167000 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
272942000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
298039000 usd
CY2023 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
24000000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
18400000 usd
CY2021 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
6100000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2802941000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2978256000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-35765000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-44362000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9504000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12319000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2829202000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3010299000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-26261000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2829202000 usd
CY2023Q4 krg Percentage Of Total
PercentageOfTotal
1
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0430
CY2023 krg Weighted Average Maturity
WeightedAverageMaturity
P3Y7M6D
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3609000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3163000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2681000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year One
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearOne
5121000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year One
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearOne
0 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity Year One
LongTermDebtUnsecuredMaturityYearOne
269635000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
274756000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Two
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearTwo
5248000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Two
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearTwo
0 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity Year Two
LongTermDebtUnsecuredMaturityYearTwo
680000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
685248000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearThree
4581000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Three
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearThree
10600000 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity Year Three
LongTermDebtUnsecuredMaturityYearThree
550000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
565181000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearFour
3120000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Four
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearFour
0 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity Year Four
LongTermDebtUnsecuredMaturityYearFour
250000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
253120000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments In Year Five
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsInYearFive
3757000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Term Maturity In Year Five
LongTermDebtMaturitiesRepaymentsOfTermMaturityInYearFive
0 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity Year Five
LongTermDebtUnsecuredMaturityYearFive
100000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
103757000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Annual Principal Payments After Year Five
LongTermDebtMaturitiesRepaymentsOfAnnualPrincipalPaymentsAfterYearFive
28091000 usd
CY2023Q4 krg Long Term Debt Maturities Repayments Of Term Maturity After Year Five
LongTermDebtMaturitiesRepaymentsOfTermMaturityAfterYearFive
92788000 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity After Year Five
LongTermDebtUnsecuredMaturityAfterYearFive
800000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
920879000 usd
CY2023Q4 krg Long Term Debt Annual Principal Payments Gross
LongTermDebtAnnualPrincipalPaymentsGross
49918000 usd
CY2023Q4 krg Long Term Debt Term Maturity Gross
LongTermDebtTermMaturityGross
103388000 usd
CY2023Q4 krg Long Term Debt Unsecured Maturity Gross
LongTermDebtUnsecuredMaturityGross
2649635000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2802941000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-26261000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2829202000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3700000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2400000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1600000 usd
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
2000000000 usd
CY2023Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
837000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
17400000 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
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
637915000 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
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
151853000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
151304000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
69422000 usd
CY2023 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
3459000 usd
CY2022 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
6027000 usd
CY2021 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
2897000 usd
CY2023 krg Operating Lease Straight Line Rent Adjustment
OperatingLeaseStraightLineRentAdjustment
13186000 usd
CY2022 krg Operating Lease Straight Line Rent Adjustment
OperatingLeaseStraightLineRentAdjustment
17031000 usd
CY2021 krg Operating Lease Straight Line Rent Adjustment
OperatingLeaseStraightLineRentAdjustment
4674000 usd
CY2023 krg Operating Lease Straight Line Rent Reserve For Uncollectibility
OperatingLeaseStraightLineRentReserveForUncollectibility
1374000 usd
CY2022 krg Operating Lease Straight Line Rent Reserve For Uncollectibility
OperatingLeaseStraightLineRentReserveForUncollectibility
553000 usd
CY2021 krg Operating Lease Straight Line Rent Reserve For Uncollectibility
OperatingLeaseStraightLineRentReserveForUncollectibility
-716000 usd
CY2023 krg Operating Lease Amortization Of In Place Lease Liabilities
OperatingLeaseAmortizationOfInPlaceLeaseLiabilities
12025000 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
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
810146000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
782349000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
367399000 usd
CY2023Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P5Y1M6D
CY2023 krg Operating Lease Variable Lease Income Overage Rent
OperatingLeaseVariableLeaseIncomeOverageRent
7500000 usd
CY2022 krg Operating Lease Variable Lease Income Overage Rent
OperatingLeaseVariableLeaseIncomeOverageRent
5900000 usd
CY2021 krg Operating Lease Variable Lease Income Overage Rent
OperatingLeaseVariableLeaseIncomeOverageRent
800000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
615479000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
566314000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
503985000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
432467000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
342810000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1105808000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
3566863000 usd
CY2023Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
12 lease
CY2023Q4 us-gaap Area Of Land
AreaOfLand
98 acre
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
3900000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
3900000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
2800000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
5200000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5100000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2600000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5101000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5306000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5413000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5586000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5044000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
105644000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
132094000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
63169000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
68925000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.97
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.87
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.72
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2022Q2 krg Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
150000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1381770000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1161148000 usd
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
2802941000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1956576000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
5277794000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
8233000 usd
CY2023Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
497457000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1964809000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
5775251000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7740061000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1381770000 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
CY2023 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
75587000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
99064000 usd
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
15263000 usd
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
140654000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
152165000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
54323000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
208753000 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
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
7740061000 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
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
8000000000 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
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
317593000 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
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
96971000 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
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
879306000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
3766515000 usd
CY2023 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
142578000 usd

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