Kite Realty Group Trust (KRG) Financial Statements (2024 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)

9/30/2023
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 investments115,799218,24143,64831,33635,37624,082
Cash and cash equivalents115,79993,24143,64831,33635,37624,082
Short-term investments  125,000    
Total current assets:115,799218,24143,64831,33635,37624,082
Noncurrent Assets
Property, plant and equipment  7,6126,9797,7757,7418,453
Long-term investments and receivables10,41411,88512,79212,64413,496 
Long-term investments10,41411,88512,79212,64413,496 
Intangible assets, net (including goodwill)354,047498,42829,62135,70547,56366,300
Intangible assets, net (excluding goodwill)354,047498,42829,62135,70547,56366,300
Deferred costs  541,51863,17173,15795,415112,359
Total noncurrent assets:364,4611,059,443112,563129,281164,215187,112
Other undisclosed assets6,861,7226,361,8912,452,3282,488,2702,972,4223,301,304
TOTAL ASSETS:7,341,9827,639,5752,608,5392,648,8873,172,0133,512,498
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,516,1303,657,2091,333,9121,306,5771,712,8671,874,285
Total liabilities:3,516,1303,657,2091,333,9121,306,5771,712,8671,874,285
Temporary equity, carrying amount53,96755,17343,27552,574  
Equity
Equity, attributable to parent3,766,5153,922,0471,230,6541,289,0381,412,7051,565,411
Common stock2,1922,189842840838836
Additional paid in capital4,897,7364,898,6732,085,0032,074,4362,078,0992,071,418
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 interest5,3705,146698698698698
Total equity:3,771,8853,927,1931,231,3521,289,7361,413,4031,566,109
Other undisclosed liabilities and equity     45,74372,104
TOTAL LIABILITIES AND EQUITY:7,341,9827,639,5752,608,5392,648,8873,172,0133,512,498

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues801,996373,324266,645315,173354,184364,615
Operating leases, income statement, lease revenue266,377
Revenue, net359,919
Operating lease, lease income782,349367,399257,670308,399
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:199,60836,56456,385315,173351,232361,829
Operating expenses(135,008)(89,297)(26,107)(282,387)(336,577)(294,074)
Other undisclosed operating income (loss)27,06931,2094,73338,9716,376(3,010)
Operating income (loss):91,669(21,524)35,01171,75721,03164,745
Nonoperating income (expense)240355254(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 investments256(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)310696282227100
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)

9/30/2023
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)91,27115,670(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)229367(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.

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