XML 29 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Rental income $ 257,670 $ 308,399  
Rental income     $ 338,523
Total revenue 266,645 315,173 354,184
Expenses:      
Property operating 41,012 45,575  
Property operating     50,356
Real estate taxes 35,867 38,777 42,378
General, administrative, and other 30,840 28,214 21,320
Depreciation and amortization 128,648 132,098 152,163
Impairment charge 0 37,723 70,360
Total expenses 236,367 282,387 336,577
Gains on sale of operating properties, net 4,733 38,971 3,424
Operating income 35,011 71,757 21,031
Interest expense (50,399) (59,268) (66,785)
Income tax benefit of taxable REIT subsidiary 696 282 227
Loss on debt extinguishment 0 (11,572) 0
Equity in loss of unconsolidated subsidiaries (1,685) (628) (278)
Other income (expense), net 254 (573) (646)
Consolidated net loss (16,123) (2) (46,451)
Net income attributable to noncontrolling interests (100) (532) (116)
Net loss attributable to common shareholders $ (16,223) $ (534) $ (46,567)
Net loss per unit - basic and diluted      
Net income (loss) per common share – basic and diluted (in dollars per share) $ (0.19) $ (0.01) $ (0.56)
Weighted average common shares outstanding - basic (in shares) 84,142,261 83,926,296 83,693,385
Weighted average common shares outstanding - diluted (in shares) 84,142,261 83,926,296 83,693,385
Dividends declared per common share (in dollars per share) $ 0.4495 $ 1.2700 $ 1.2700
Consolidated net loss $ (16,123) $ (2) $ (46,451)
Change in fair value of derivatives (14,969) (13,158)  
Change in fair value of derivatives     (6,647)
Total comprehensive loss (31,092) (13,160) (53,098)
Comprehensive loss (income) attributable to noncontrolling interests 367 (160) 44
Comprehensive income attributable to parent (30,725) (13,320) (53,054)
Other property related revenue      
Revenue:      
Total revenue 8,597 6,326 13,138
Fee income      
Revenue:      
Total revenue 378 448 2,523
Kite Realty Group, LP      
Revenue:      
Rental income 257,670 308,399  
Rental income     338,523
Total revenue 266,645 315,173 354,184
Expenses:      
Property operating 41,012 45,575  
Property operating     50,356
Real estate taxes 35,867 38,777 42,378
General, administrative, and other 30,840 28,214 21,320
Depreciation and amortization 128,648 132,098 152,163
Impairment charge 0 37,723 70,360
Total expenses 236,367 282,387 336,577
Gains on sale of operating properties, net 4,733 38,971 3,424
Operating income 35,011 71,757 21,031
Interest expense (50,399) (59,268) (66,785)
Income tax benefit of taxable REIT subsidiary 696 282 227
Loss on debt extinguishment 0 (11,572) 0
Equity in loss of unconsolidated subsidiaries (1,685) (628) (278)
Other income (expense), net 254 (573) (646)
Consolidated net loss (16,123) (2) (46,451)
Net income attributable to noncontrolling interests (528) (528) (1,151)
Net loss attributable to common shareholders (16,651) (530) (47,602)
Allocation of net (loss) income:      
Limited Partners (428) 4 (1,035)
Parent Company $ (16,223) $ (534) $ (46,567)
Net loss per unit - basic and diluted      
Net income (loss) per common share – basic and diluted (in dollars per share) $ (0.19) $ (0.01) $ (0.56)
Weighted average common shares outstanding - basic (in shares) 86,361,139 86,027,409 85,740,449
Weighted average common shares outstanding - diluted (in shares) 86,361,139 86,027,409 85,740,449
Dividends declared per common share (in dollars per share) $ 0.4495 $ 1.2700 $ 1.2700
Consolidated net loss $ (16,123) $ (2) $ (46,451)
Change in fair value of derivatives (14,969) (13,158)  
Change in fair value of derivatives     (6,647)
Total comprehensive loss (31,092) (13,160) (53,098)
Comprehensive loss (income) attributable to noncontrolling interests (528) (528) (1,151)
Comprehensive income attributable to parent (31,620) (13,688) (54,249)
Kite Realty Group, LP | Other property related revenue      
Revenue:      
Total revenue 8,597 6,326 13,138
Kite Realty Group, LP | Fee income      
Revenue:      
Total revenue $ 378 $ 448 $ 2,523