Kite Realty Group Trust (KRG) Financial Statements (2025 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)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 478,056 | 36,413 | 115,799 | 218,241 | 43,648 | 31,336 | |||
| Cash and cash equivalent | 128,056 | 36,413 | 115,799 | 93,241 | 43,648 | 31,336 | |||
| Short-term investments | 350,000 | 125,000 | |||||||
| Total current assets: | 478,056 | 36,413 | 115,799 | 218,241 | 43,648 | 31,336 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 7,612 | 6,979 | 7,775 | ||||||
| Long-term investments and receivables | 19,511 | 9,062 | 10,414 | 11,885 | 12,792 | 12,644 | |||
| Long-term investments | 19,511 | 9,062 | 10,414 | 11,885 | 12,792 | 12,644 | |||
| Intangible assets, net (including goodwill) | 168,063 | 241,112 | 354,047 | 498,428 | 29,621 | 35,705 | |||
| Intangible assets, net (excluding goodwill) | 168,063 | 241,112 | 354,047 | 498,428 | 29,621 | 35,705 | |||
| Deferred costs | 541,518 | 63,171 | 73,157 | ||||||
| Total noncurrent assets: | 187,574 | 250,174 | 364,461 | 1,059,443 | 112,563 | 129,281 | |||
| Other undisclosed assets | 6,426,137 | 6,657,491 | 6,861,722 | 6,361,891 | 2,452,328 | 2,488,270 | |||
| TOTAL ASSETS: | 7,091,767 | 6,944,078 | 7,341,982 | 7,639,575 | 2,608,539 | 2,648,887 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,679,690 | 3,300,223 | 3,516,130 | 3,657,209 | 1,333,912 | 1,306,577 | |||
| Total liabilities: | 3,679,690 | 3,300,223 | 3,516,130 | 3,657,209 | 1,333,912 | 1,306,577 | |||
| Temporary equity, including noncontrolling interest | 98,074 | 73,287 | 53,967 | 55,173 | 43,275 | 52,574 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,312,110 | 3,568,138 | 3,766,515 | 3,922,047 | 1,230,654 | 1,289,038 | |||
| Common stock | 2,197 | 2,194 | 2,192 | 2,189 | 842 | 840 | |||
| Additional paid in capital | 4,868,554 | 4,886,592 | 4,897,736 | 4,898,673 | 2,085,003 | 2,074,436 | |||
| Accumulated other comprehensive income (loss) | 36,612 | 52,435 | 74,344 | (15,902) | (30,885) | (16,283) | |||
| Accumulated deficit | (1,595,253) | (1,373,083) | (1,207,757) | (962,913) | (824,306) | (769,955) | |||
| Equity, attributable to noncontrolling interest | 1,893 | 2,430 | 5,370 | 5,146 | 698 | 698 | |||
| Total equity: | 3,314,003 | 3,570,568 | 3,771,885 | 3,927,193 | 1,231,352 | 1,289,736 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,091,767 | 6,944,078 | 7,341,982 | 7,639,575 | 2,608,539 | 2,648,887 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 841,842 | 823,004 | 801,996 | 373,324 | 266,645 | 315,173 | ||
| Operating lease, lease income | 826,548 | 810,146 | 782,349 | 367,399 | 257,670 | 308,399 | ||
| Cost of revenue | (563,429) | (529,264) | (602,388) | (336,760) | (210,260) | |||
| Gross profit: | 278,413 | 293,740 | 199,608 | 36,564 | 56,385 | 315,173 | ||
| Operating expenses | (166,159) | (164,100) | (135,008) | (89,297) | (26,107) | (282,387) | ||
| Other undisclosed operating income (loss) | (864) | 22,601 | 27,069 | 31,209 | 4,733 | 38,971 | ||
| Operating income (loss): | 111,390 | 152,241 | 91,669 | (21,524) | 35,011 | 71,757 | ||
| Nonoperating income (expense) | 17,869 | 1,991 | 240 | 355 | 254 | (573) | ||
| Interest and debt expense | (125,871) | (105,349) | (104,276) | (60,447) | (50,399) | (70,840) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,388 | 48,883 | (12,367) | (81,616) | (15,134) | 344 | ||
| Income (loss) from equity method investments | (1,158) | 33 | 256 | (416) | (1,685) | (628) | ||
| Income (loss) from continuing operations before income taxes: | 2,230 | 48,916 | (12,111) | (82,032) | (16,819) | (284) | ||
| Income tax expense (benefit) | (139) | (533) | (43) | 310 | 696 | 282 | ||
| Income (loss) from continuing operations: | 2,091 | 48,383 | (12,154) | (81,722) | (16,123) | (2) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (81,722) | (16,123) | (2) | |
| Other undisclosed net income | 2,325 | |||||||
| Net income (loss): | 4,416 | 48,383 | (12,154) | (81,722) | (16,123) | (2) | ||
| Net income (loss) attributable to noncontrolling interest | (345) | (885) | (482) | 916 | (100) | (532) | ||
| Net income (loss) available to common stockholders, diluted: | 4,071 | 47,498 | (12,636) | (80,806) | (16,223) | (534) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,416 | 48,383 | (12,154) | (81,722) | (16,123) | (2) | ||
| Other undisclosed comprehensive income (loss) | (15,937) | (22,008) | 91,271 | 15,670 | (14,969) | (13,158) | ||
| Comprehensive income (loss): | (11,521) | 26,375 | 79,117 | (66,052) | (31,092) | (13,160) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (231) | (786) | (1,507) | 229 | 367 | (160) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (11,752) | 25,589 | 77,610 | (65,823) | (30,725) | (13,320) | ||
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.