Kite realty group trust (KRG)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenue:
Rental income

308,399

338,523

346,444

274,059

263,794

199,455

93,637

73,000

66,701

66,089

71,612

Construction and service fee revenue

-

-

-

-

-

-

-

-

-

6,848

19,450

Total revenue

315,173

354,184

358,819

354,122

347,005

259,528

129,488

96,539

89,115

94,457

115,292

Expenses:
Property operating

45,575

50,356

49,643

47,923

49,973

38,703

21,729

16,756

16,829

16,777

18,188

Real estate taxes

38,777

42,378

43,180

42,838

40,904

29,947

15,263

12,858

12,447

11,136

12,068

Cost of construction and services

-

-

-

-

-

-

-

-

-

6,142

17,192

General, administrative, and other

28,214

21,320

21,749

20,603

18,709

13,043

8,211

7,117

6,273

5,367

5,711

Transaction costs

-

-

-

2,771

1,550

27,508

2,214

364

-

-

-

Depreciation and amortization

132,098

152,163

172,091

0

167,312

120,998

54,479

38,835

33,114

37,545

32,148

Non-cash gain from release of assumed earnout liability

-

-

-

-

4,832

0

0

-

-

-

-

Impairment charges

37,723

70,360

7,400

174,564

1,592

0

0

-

-

-

-

Total expenses

282,387

336,577

294,074

288,699

275,208

230,199

101,896

76,937

68,665

76,968

85,309

Gain on sale of unconsolidated property, including tax benefit

-

-

-

-

-

-

-

-

4,320

-

-

Remeasurement loss on consolidation of Parkside Town Commons, net

-

-

-

-

-

-

-

-7,980

-

-

-

Other expense, net

-

-

-

-

-

-

-62

209

-

-

-

Income (loss) from continuing operations

-

-

-

-

-

-16,452

-726

-11,455

3,752

-9,407

4,939

Operating income from discontinued operations

-

-

-

-

-

-

834

656

1,629

221

-732

Impairment charge

-

-

-

-

-

-

5,372

-

-

-

-

Non-cash gain on debt extinguishment

-

-

-

-

-

-

1,242

-

-

-

-

Non-cash loss on impairment of discontinued operations

-

-

-

-

-

-

-

-

-

-

5,384

Gain on sales of operating properties, net

-

-

-

-

-

3,198

487

7,094

-

-

-

Income from discontinued operations

-

-

-

-

-

3,198

-2,809

7,750

1,232

221

-6,117

Income (loss) before gain on sale of operating properties

-

-

-

-

-

-13,254

-3,535

-3,705

-

-

-

Gain on sale of operating properties, net

38,971

3,424

15,160

4,253

4,066

8,578

0

-

-397

-

-

Operating income

71,757

21,031

79,905

69,676

71,797

29,329

27,592

19,602

20,449

17,489

29,982

Interest Expense

59,268

66,785

65,702

65,577

56,432

45,513

27,994

23,392

21,624

26,809

27,151

Income tax benefit of taxable REIT subsidiary

-282

-227

-100

814

186

24

262

-106

-1

265

-22

Gain (Loss) on Extinguishment of Debt

-11,572

0

0

-

5,645

0

0

-

-

-

-

Loss (income) before gains on sale of operating properties, net

-

-

-

-

25,249

-

-

-

-

-

-

Non-cash gain from consolidation of subsidiary

-

-

-

-

-

-

-

-

-

-

1,634

Equity in loss of unconsolidated subsidiaries

-628

-278

-

-

-

-

-

-

-

-51

226

Gain on settlement

-

-

-

-

4,520

0

0

-1,007

-

-

-

Other expense, net

-573

-646

-415

-169

-95

-244

-

-

606

230

224

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-2

-46,451

13,888

3,116

29,315

-4,676

-3,535

-3,705

4,984

-9,186

-1,178

Net Income (Loss) Attributable to Noncontrolling Interest

532

116

2,014

1,933

2,198

1,025

-685

629

3

-915

603

Net Income (Loss) Attributable to Parent

-534

-46,567

11,874

1,183

27,117

-5,701

-2,850

-4,334

4,981

-8,270

-1,781

Dividends on preferred shares

-

-

-

-

7,877

8,456

8,456

7,920

5,775

376

-

Non-cash adjustment for redemption of preferred shares

-

-

-

-

3,797

0

0

-

-

-

-

Net (loss) income attributable to common shareholders/unitholders

-

-

-

-

15,443

-14,157

-11,306

-12,254

-793

-8,647

-1,781

Allocation of net (loss) income:
Allocation of net (loss) income:
Net income per common share – basic:
Income (loss) from continuing operations attributable to Kite Realty Group Trust common shareholders (in dollars per share)

-

-

-

-

-

-0.29

-0.37

-

-

-

-

Income from discontinued operations attributable to Kite Realty Group Trust common shareholders (in dollars per share)

-

-

-

-

-

0.05

-0.11

-

-

-

-

Net income per common share – basic (in dollars per share)

-0.01

-0.56

0.14

0.01

0.19

-0.24

-0.48

-

-

-

-

Net income per common share – diluted:
Income (loss) from continuing operations attributable to Kite Realty Group Trust common shareholders (in dollars per share)

-

-

-

-

-

-0.29

-0.37

-

-

-

-

Income from discontinued operations attributable to Kite Realty Group Trust common shareholders (in dollars per share)

-

-

-

-

-

0.05

-0.11

-

-

-

-

Net income attributable to common unitholders (in dollars per share)

-0.01

-0.56

0.14

0.01

0.18

-0.24

-0.48

-

-

-

-

Income (loss) from continuing operations attributable to Kite Realty Group Trust common shareholders

-

-

-

-

-

-

-

-1.04

-0.03

-0.14

0.07

Income from discontinued operations attributable to Kite Realty Group Trust common shareholders

-

-

-

-

-

-

-

0.32

0.02

0.00

-0.10

Net (loss) income per common share - basic & diluted (in USD per share)

-

-

-

-

-

-

-

-0.72

-0.01

-0.14

-0.03

Weighted average common shares outstanding - basic (in shares)

83,926

83,693

83,585

83,436

83,421

58,353

23,535

-

-

-

52,146

Weighted average common shares outstanding - diluted (in shares)

83,926

83,693

83,690

83,465

83,534

58,353

23,535

16,721

-

-

52,146

Weighted average Common Shares outstanding  basic and diluted (in Shares)

-

-

-

-

-

-

-

-

63,557

63,240,474,000

-

Dividends declared per common share (in USD per share)

1.27

1.27

1.22

1.16

1.09

1.02

0.96

0.96

0.24

0.24

0.33

Change in fair value of derivatives

-13,158

-6,647

3,384

1,871

-995

-2,621

7,136

-4,002

1,547

3,274

3,032

Income (loss) from continuing operations

-

-

-

-

-

-17,268

-8,686

-17,571

-1,890

-8,844

3,515

Income from discontinued operations

-

-

-

-

-

3,111

-2,620

5,317

1,097

196

-5,297

Net loss attributable to Kite Realty Group Trust common shareholders

-

-

-

-

15,443

-

-

-

-

-8,647

-1,781

Consolidated net (loss) income

-2

-46,451

13,888

3,116

29,315

-

-

-

-

-9,186

-1,178

Total comprehensive (loss) income

-13,160

-53,098

17,272

4,987

28,320

-7,297

3,601

-7,707

6,532

-5,911

1,854

Comprehensive loss (income) attributable to noncontrolling interests

160

-44

2,092

1,975

2,173

932

-161

361

175

-543

1,699

Comprehensive (loss) income attributable to Kite Realty Group Trust

-13,320

-53,054

15,180

3,012

26,147

-8,229

3,762

-8,068

6,357

-5,368

154

Tenant reimbursements
Revenues

-

-

-

70,482

70,235

52,773

24,422

19,495

18,165

16,519

18,163

Other property related revenue
Total revenue

6,326

13,138

11,998

9,581

12,976

7,300

11,429

4,044

4,247

5,000

6,065

Fee income
Total revenue

448

2,523

377

0

0

-

-

-

-

-

-

Kite Realty Group, LP
Rental income

308,399

338,523

346,444

274,059

-

-

-

-

-

-

-

Transaction costs

-

-

-

2,771

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-11,572

0

0

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-534

-46,567

11,874

1,183

-

-

-

-

-

-

-

Net income per common share – basic (in dollars per share)

-0.01

-0.56

0.14

0.01

-

-

-

-

-

-

-

KRG, LP
Total revenue

315,173

354,184

358,819

354,122

-

-

-

-

-

-

-

Property operating

45,575

50,356

49,643

47,923

-

-

-

-

-

-

-

Real estate taxes

38,777

42,378

43,180

42,838

-

-

-

-

-

-

-

General, administrative, and other

28,214

21,320

21,749

20,603

-

-

-

-

-

-

-

Depreciation and amortization

132,098

152,163

172,091

174,564

-

-

-

-

-

-

-

Impairment charges

37,723

70,360

7,411

0

-

-

-

-

-

-

-

Total expenses

282,387

336,577

294,074

288,699

-

-

-

-

-

-

-

Gain on sale of operating properties, net

38,971

3,424

15,160

4,253

-

-

-

-

-

-

-

Operating income

71,757

21,031

79,905

69,676

-

-

-

-

-

-

-

Interest Expense

59,268

66,785

65,702

65,577

-

-

-

-

-

-

-

Income tax benefit of taxable REIT subsidiary

-282

-227

-100

814

-

-

-

-

-

-

-

Equity in loss of unconsolidated subsidiaries

-628

-278

0

0

-

-

-

-

-

-

-

Other expense, net

-573

-646

-415

-169

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-2

-46,451

13,888

3,116

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

528

1,151

1,733

1,906

-

-

-

-

-

-

-

Net (loss) income attributable to common shareholders/unitholders

-530

-47,602

12,155

1,210

-

-

-

-

-

-

-

Limited Partners

4

-1,035

281

27

-

-

-

-

-

-

-

Net Income (Loss) Allocated to General Partners

-534

-46,567

11,874

1,183

-

-

-

-

-

-

-

Net income attributable to common unitholders (in dollars per share)

-0.01

-0.56

0.14

0.01

-

-

-

-

-

-

-

Weighted average common shares outstanding - basic (in shares)

86,027

85,740

85,566

85,374

-

-

-

-

-

-

-

Weighted average common shares outstanding - diluted (in shares)

86,027

85,740

85,671

85,403

-

-

-

-

-

-

-

Dividends declared per common share (in USD per share)

1.27

1.27

1.22

1.16

-

-

-

-

-

-

-

Change in fair value of derivatives

-13,158

-6,647

3,384

1,871

-

-

-

-

-

-

-

Total comprehensive (loss) income

-13,160

-53,098

17,272

4,987

-

-

-

-

-

-

-

Comprehensive loss (income) attributable to noncontrolling interests

528

1,151

1,733

1,906

-

-

-

-

-

-

-

Comprehensive (loss) income attributable to Kite Realty Group Trust

-13,688

-54,249

15,539

3,081

-

-

-

-

-

-

-