Kite Realty Group Trust (KRG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
30 S MERIDIAN STREET INDIANAPOLIS, IN 46204 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 115,799 | 218,241 | 43,648 | 31,336 | 35,376 | 24,082 | |||
| Cash and cash equivalents | 115,799 | 93,241 | 43,648 | 31,336 | 35,376 | 24,082 | |||
| Short-term investments | 125,000 | ||||||||
| Total current assets: | 115,799 | 218,241 | 43,648 | 31,336 | 35,376 | 24,082 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 7,612 | 6,979 | 7,775 | 7,741 | 8,453 | ||||
| Long-term investments and receivables | 10,414 | 11,885 | 12,792 | 12,644 | 13,496 | ||||
| Long-term investments | 10,414 | 11,885 | 12,792 | 12,644 | 13,496 | ||||
| Intangible assets, net (including goodwill) | 354,047 | 498,428 | 29,621 | 35,705 | 47,563 | 66,300 | |||
| Intangible assets, net (excluding goodwill) | 354,047 | 498,428 | 29,621 | 35,705 | 47,563 | 66,300 | |||
| Deferred costs | 541,518 | 63,171 | 73,157 | 95,415 | 112,359 | ||||
| Total noncurrent assets: | 364,461 | 1,059,443 | 112,563 | 129,281 | 164,215 | 187,112 | |||
| Other undisclosed assets | 6,861,722 | 6,361,891 | 2,452,328 | 2,488,270 | 2,972,422 | 3,301,304 | |||
| TOTAL ASSETS: | 7,341,982 | 7,639,575 | 2,608,539 | 2,648,887 | 3,172,013 | 3,512,498 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,516,130 | 3,657,209 | 1,333,912 | 1,306,577 | 1,712,867 | 1,874,285 | |||
| Total liabilities: | 3,516,130 | 3,657,209 | 1,333,912 | 1,306,577 | 1,712,867 | 1,874,285 | |||
| Temporary equity, carrying amount | 53,967 | 55,173 | 43,275 | 52,574 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 3,766,515 | 3,922,047 | 1,230,654 | 1,289,038 | 1,412,705 | 1,565,411 | |||
| Common stock | 2,192 | 2,189 | 842 | 840 | 838 | 836 | |||
| Additional paid in capital | 4,897,736 | 4,898,673 | 2,085,003 | 2,074,436 | 2,078,099 | 2,071,418 | |||
| Accumulated other comprehensive income (loss) | 74,344 | (15,902) | (30,885) | (16,283) | (3,497) | 2,990 | |||
| Accumulated deficit | (1,207,757) | (962,913) | (824,306) | (769,955) | (662,735) | (509,833) | |||
| Equity, attributable to noncontrolling interest | 5,370 | 5,146 | 698 | 698 | 698 | 698 | |||
| Total equity: | 3,771,885 | 3,927,193 | 1,231,352 | 1,289,736 | 1,413,403 | 1,566,109 | |||
| Other undisclosed liabilities and equity | 45,743 | 72,104 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 7,341,982 | 7,639,575 | 2,608,539 | 2,648,887 | 3,172,013 | 3,512,498 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 801,996 | 373,324 | 266,645 | 315,173 | 354,184 | 364,615 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 266,377 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 359,919 | |
| Operating lease, lease income | 782,349 | 367,399 | 257,670 | 308,399 | ✕ | ✕ | ||
| Cost of revenue | (602,388) | (336,760) | (210,260) | (2,952) | (2,786) | |||
| Provision for loan, lease, and other losses | (6,027) | (2,897) | (13,259) | (2,952) | ✕ | |||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (2,786) | |
| Gross profit: | 199,608 | 36,564 | 56,385 | 315,173 | 351,232 | 361,829 | ||
| Operating expenses | (135,008) | (89,297) | (26,107) | (282,387) | (336,577) | (294,074) | ||
| Other undisclosed operating income (loss) | 27,069 | 31,209 | 4,733 | 38,971 | 6,376 | (3,010) | ||
| Operating income (loss): | 91,669 | (21,524) | 35,011 | 71,757 | 21,031 | 64,745 | ||
| Nonoperating income (expense) | 240 | 355 | 254 | (573) | (646) | (415) | ||
| Interest and debt expense | (104,276) | (60,447) | (50,399) | (70,840) | (66,785) | (65,702) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (12,367) | (81,616) | (15,134) | 344 | (46,400) | (1,372) | ||
| Income (loss) from equity method investments | 256 | (416) | (1,685) | (628) | (278) | |||
| Income (loss) from continuing operations before income taxes: | (12,111) | (82,032) | (16,819) | (284) | (46,678) | (1,372) | ||
| Income tax expense (benefit) | (43) | 310 | 696 | 282 | 227 | 100 | ||
| Income (loss) from continuing operations: | (12,154) | (81,722) | (16,123) | (2) | (46,451) | (1,272) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (81,722) | (16,123) | (2) | (46,451) | (1,272) | ||
| Gain on sale of properties, net of applicable income taxes | ✕ | ✕ | ✕ | ✕ | 15,160 | |||
| Net income (loss): | (12,154) | (81,722) | (16,123) | (2) | (46,451) | 13,888 | ||
| Net income (loss) attributable to noncontrolling interest | (482) | 916 | (100) | (532) | (116) | (2,014) | ||
| Net income (loss) available to common stockholders, diluted: | (12,636) | (80,806) | (16,223) | (534) | (46,567) | 11,874 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (12,154) | (81,722) | (16,123) | (2) | (46,451) | 13,888 | ||
| Other undisclosed comprehensive income (loss) | 91,271 | 15,670 | (14,969) | (13,158) | (6,647) | 3,384 | ||
| Comprehensive income (loss): | 79,117 | (66,052) | (31,092) | (13,160) | (53,098) | 17,272 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,507) | 229 | 367 | (160) | 44 | (2,092) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 77,610 | (65,823) | (30,725) | (13,320) | (53,054) | 15,180 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.