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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG Trust - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Rental income $ 195,675 $ 70,216 $ 582,772 $ 206,097
Total revenue 200,311 71,465 597,307 210,374
Expenses:        
Property operating 25,507 10,482 77,558 30,978
Real estate taxes 25,703 8,624 80,445 26,574
General, administrative and other 14,859 8,241 41,977 23,676
Merger and acquisition costs 108 9,198 1,006 9,958
Depreciation and amortization 115,831 30,193 357,096 90,625
Total expenses 182,008 66,738 558,082 181,811
Gain on sales of operating properties, net 0 1,260 27,126 27,517
Operating income 18,303 5,987 66,351 56,080
Interest expense (26,226) (12,878) (77,449) (37,386)
Income tax benefit of taxable REIT subsidiary 0 91 259 308
Equity in earnings (loss) of unconsolidated subsidiaries 144 (196) (56) (758)
Other income (expense), net 58 168 (207) 189
Net (loss) income (7,721) (6,828) (11,102) 18,433
Net income attributable to noncontrolling interests (116) (132) (408) (1,058)
Net (loss) income attributable to common shareholders/unitholders $ (7,837) $ (6,960) $ (11,510) $ 17,375
Net (loss) income per common share        
Net (loss) income per common share - basic (in USD per share) $ (0.04) $ (0.08) $ (0.05) $ 0.21
Net (loss) income per common share - diluted (in USD per share) $ (0.04) $ (0.08) $ (0.05) $ 0.20
Weighted average common shares outstanding - basic (in shares) 219,103,669 84,556,689 219,053,320 84,468,519
Weighted average common shares outstanding - diluted (in shares) 219,103,669 84,556,689 219,053,320 85,383,849
Dividends per common share (in USD per share) $ 0.21 $ 0.18 $ 0.60 $ 0.50
Net (loss) income $ (7,721) $ (6,828) $ (11,102) $ 18,433
Change in fair value of derivatives 33,131 1,919 89,628 8,653
Total comprehensive income (loss) 25,410 (4,909) 78,526 27,086
Comprehensive income attributable to noncontrolling interests (511) (173) (1,441) (1,302)
Comprehensive income (loss) attributable to the Company/common unitholders 24,899 (5,082) 77,085 25,784
Other property-related revenue        
Revenue:        
Other revenue 3,013 1,054 7,932 3,133
Fee income        
Revenue:        
Other revenue $ 1,623 $ 195 $ 6,603 $ 1,144