Kite Realty Group Trust's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Kite Realty Group Trust reported revenue of $844.4M (+0.3% year on year) and net income of $305.5M (+6818.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $830.8M | $826.5M | $810.1M | $782.3M |
| Other revenue | $13.6M | $15.3M | $12.9M | $19.6M |
| Total revenue | $844.4M | $841.8M | $823.0M | $802.0M |
| Property operating | $116.1M | $113.6M | $108.0M | $107.2M |
| Real estate taxes | $104.5M | $103.9M | $102.4M | $104.6M |
| General, administrative and other | $55.5M | $52.6M | $56.1M | $54.9M |
| Depreciation and amortization | $373.3M | $393.3M | $426.4M | $469.8M |
| Impairment charges | $51.8M | $66.2M | $477.0K | — |
| Total expenses | $701.2M | $729.6M | $693.4M | $737.4M |
| Interest expense | ($132.6M) | ($125.7M) | ($105.3M) | ($104.3M) |
| Income tax expense of taxable REIT subsidiaries | ($467.0K) | ($139.0K) | ($533.0K) | ($43.0K) |
| Gain (loss) on sales of operating properties, net | $292.0M | ($864.0K) | $22.6M | — |
| Net gains from outlot sales | $6.1M | — | — | — |
| Loss on extinguishment of debt | $0 | ($180.0K) | — | — |
| Equity in (loss) earnings of unconsolidated subsidiaries | ($11.7M) | ($1.2M) | $33.0K | $256.0K |
| Gain on sale of unconsolidated property, net | $0 | $2.3M | — | — |
| Other income, net | $9.0M | $17.9M | $2.0M | $240.0K |
| Net income | $305.5M | $4.4M | $48.4M | ($12.2M) |
| Net income attributable to noncontrolling interests | ($6.9M) | ($345.0K) | ($885.0K) | ($482.0K) |
| Net income attributable to common shareholders | $298.7M | $4.1M | $47.5M | ($12.6M) |
| Net income per common share – basic (in dollars per share) | $1.37 | $0.02 | $0.22 | -$0.06 |
| Net income per common share – diluted (in dollars per share) | $1.37 | $0.02 | $0.22 | -$0.06 |
| Weighted average common shares outstanding - basic (in shares) | 218.3M | 219.6M | 219.3M | 219.1M |
| Weighted average common shares outstanding - diluted (in shares) | 218.4M | 219.7M | 219.7M | 219.1M |
| Change in fair value of derivatives | ($13.6M) | ($15.9M) | ($22.0M) | $91.3M |
| Total comprehensive income (loss) | $291.9M | ($11.5M) | $26.4M | $79.1M |
| Comprehensive income attributable to noncontrolling interests | ($6.8M) | ($231.0K) | ($786.0K) | ($1.5M) |
| Comprehensive income (loss) attributable to the Company | $285.1M | ($11.8M) | $25.6M | $77.6M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $193.3M | $198.0M | $202.2M | $211.2M |
| Other revenue | $2.9M | $2.7M | $2.9M | $2.2M |
| Total revenue | $196.3M | $200.7M | $205.1M | $213.4M |
| Property operating | $28.5M | $31.1M | $28.5M | $28.9M |
| Real estate taxes | $24.5M | $24.8M | $25.7M | $26.7M |
| General, administrative and other | $14.5M | $13.9M | $14.2M | $13.4M |
| Depreciation and amortization | $81.6M | $82.5M | $89.4M | $97.9M |
| Impairment charges | $980.0K | $5.9M | $39.3M | $0 |
| Total expenses | $150.1M | $158.3M | $197.1M | $166.8M |
| Interest expense | ($31.7M) | ($31.7M) | ($33.2M) | ($34.1M) |
| Income tax expense of taxable REIT subsidiaries | ($426.0K) | ($395.0K) | ($106.0K) | ($199.0K) |
| Gain on sales of operating properties, net | $87.7M | $0 | $5.7M | $103.0M |
| Net gains from outlot sales | $1.4M | $1.0M | $6.1M | — |
| Gain on deconsolidation of joint venture | $60.6M | — | — | — |
| Equity in loss of unconsolidated joint ventures | ($1.3M) | ($2.2M) | ($4.6M) | ($3.2M) |
| Other income, net | $3.2M | $2.6M | $1.7M | $480.0K |
| Net income | $165.5M | $11.7M | ($16.4M) | $112.6M |
| Net income attributable to noncontrolling interests | ($4.2M) | ($338.0K) | $203.0K | ($2.3M) |
| Net income attributable to common shareholders | $161.3M | $11.4M | ($16.2M) | $110.3M |
| Net income per common share – basic (in USD per share) | $0.80 | $0.06 | -$0.07 | $0.50 |
| Net income per common share – diluted (in USD per share) | $0.79 | $0.06 | -$0.07 | $0.50 |
| Weighted average common shares outstanding – basic (in shares) | 202.2M | 205.7M | 219.4M | 219.8M |
| Weighted average common shares outstanding – diluted (in shares) | 203.2M | 206.1M | 219.4M | 219.9M |
| Change in fair value of derivatives | ($1.8M) | ($1.7M) | ($3.3M) | ($4.0M) |
| Total comprehensive income | $163.7M | $10.0M | ($19.7M) | $108.6M |
| Comprehensive income attributable to noncontrolling interests | ($4.2M) | ($365.0K) | $261.0K | ($2.2M) |
| Comprehensive income attributable to the Company | $159.5M | $9.7M | ($19.4M) | $106.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investment properties, at cost: | $7.0B | $7.6B | $7.7B | $7.7B |
| Less: accumulated depreciation | ($1.7B) | ($1.6B) | ($1.4B) | ($1.2B) |
| Net investment properties | $5.3B | $6.0B | $6.4B | $6.6B |
| Cash and cash equivalents | $36.8M | $128.1M | $36.4M | $115.8M |
| Tenant and other receivables, including accrued straight-line rent of $70,940 and $67,377, respectively | $127.9M | $125.8M | $113.3M | $101.3M |
| Restricted cash and escrow deposits | $441.6M | $5.3M | $5.0M | $6.2M |
| Deferred costs, net | $181.6M | $238.2M | $304.2M | $409.8M |
| Short-term deposits | $0 | $350.0M | — | $0 |
| Prepaid and other assets | $93.9M | $104.6M | $117.8M | $127.0M |
| Investments in unconsolidated subsidiaries | $364.4M | $19.5M | $9.1M | $10.4M |
| Assets associated with investment properties held for sale | $71.1M | $73.8M | — | — |
| Total assets | $6.7B | $7.1B | $6.9B | $7.3B |
| Mortgage and other indebtedness, net | $3.0B | $3.2B | $2.8B | $3.0B |
| Accounts payable and accrued expenses | $221.1M | $202.7M | $198.1M | $207.8M |
| Deferred revenue and other liabilities | $221.8M | $246.1M | $272.9M | $298.0M |
| Liabilities associated with investment properties held for sale | $4.3M | $4.0M | — | — |
| Total liabilities | $3.5B | $3.7B | $3.3B | $3.5B |
| Limited Partners’ interests in the Operating Partnership | $116.2M | $98.1M | $73.3M | $54.0M |
| Common shares, $0.01 par value, 490,000,000 shares authorized, 208,979,900 and 219,667,067 shares issued and outstanding at December 31, 2025 and 2024, respectively | 2.1M | 2.2M | 2.2M | 2.2M |
| Additional paid-in capital | $4.6B | $4.9B | $4.9B | $4.9B |
| Accumulated other comprehensive income | $23.1M | $36.6M | $52.4M | $74.3M |
| Accumulated deficit | ($1.6B) | ($1.6B) | ($1.4B) | ($1.2B) |
| Total shareholders’ equity | $3.1B | $3.3B | $3.6B | $3.8B |
| Noncontrolling interests | $1.9M | $1.9M | $2.4M | $5.4M |
| Total equity | $3.1B | $3.3B | $3.6B | $3.8B |
| Total liabilities and equity | $6.7B | $7.1B | $6.9B | $7.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Investment properties, at cost | $6.8B | $7.0B | $7.4B | $7.4B |
| Less: accumulated depreciation | ($1.7B) | ($1.7B) | ($1.7B) | ($1.7B) |
| Net investment properties | $5.1B | $5.3B | $5.7B | $5.8B |
| Cash and cash equivalents | $144.6M | $32.5M | $68.7M | $182.0M |
| Tenant and other receivables, including accrued straight-line rent of $72,489 and $70,940, respectively | $129.9M | $133.3M | $129.7M | $125.3M |
| Restricted cash and escrow deposits | $176.8M | $190.6M | $23.5M | $5.6M |
| Deferred costs, net | $178.2M | $172.8M | $201.0M | $208.7M |
| Prepaid and other assets | $90.1M | $98.6M | $100.8M | $96.3M |
| Investments in unconsolidated joint ventures | $410.7M | $356.6M | $374.9M | $390.8M |
| Assets associated with investment properties held for sale | $0 | $54.1M | $59.5M | $87.9M |
| Total assets | $6.3B | $6.4B | $6.6B | $6.9B |
| Mortgage and other indebtedness, net | $2.8B | $3.0B | $2.9B | $3.0B |
| Accounts payable and accrued expenses | $170.3M | $156.9M | $203.1M | $180.6M |
| Deferred revenue and other liabilities | $232.6M | $207.6M | $222.6M | $227.8M |
| Liabilities associated with investment properties held for sale | $0 | $3.8M | $4.4M | $4.9M |
| Total liabilities | $3.2B | $3.4B | $3.4B | $3.4B |
| Limited Partners’ interests in the Operating Partnership | $150.6M | $130.3M | $101.3M | $102.9M |
| Common shares, $0.01 par value, 490,000,000 shares authorized, 200,346,933 and 208,979,900 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 2.0M | 2.0M | 2.2M | 2.2M |
| Additional paid-in capital | $4.4B | $4.4B | $4.8B | $4.9B |
| Accumulated other comprehensive income | $19.6M | $21.4M | $25.2M | $28.4M |
| Accumulated deficit | ($1.5B) | ($1.6B) | ($1.7B) | ($1.6B) |
| Total shareholders’ equity | $2.9B | $2.9B | $3.2B | $3.3B |
| Noncontrolling interests | $698.0K | $1.9M | $1.9M | $1.9M |
| Total equity | $2.9B | $2.9B | $3.2B | $3.3B |
| Total liabilities and equity | $6.3B | $6.4B | $6.6B | $6.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $305.5M | $4.4M | $48.4M | ($12.2M) |
| Depreciation and amortization | $380.2M | $398.0M | $430.0M | $473.0M |
| (Gain) loss on sales of operating properties, net | ($292.0M) | $864.0K | ($22.6M) | — |
| Net gains from outlot sales | ($6.1M) | — | — | — |
| Gain on sale of unconsolidated property, net | $0 | ($2.3M) | — | — |
| Impairment charges | $51.8M | $66.2M | $477.0K | — |
| Loss on extinguishment of debt | $0 | $180.0K | — | — |
| Straight-line rent | ($10.4M) | ($12.1M) | ($11.8M) | ($16.6M) |
| Compensation expense for equity awards | $10.8M | $10.7M | $10.1M | $10.3M |
| Amortization of debt fair value adjustments | ($6.3M) | ($12.0M) | ($13.4M) | ($13.5M) |
| Amortization of in-place lease assets and liabilities | ($8.3M) | ($10.1M) | ($12.0M) | ($4.8M) |
| Equity in loss (earnings) of unconsolidated joint ventures | $11.7M | — | — | — |
| Tenant receivables | ($2.9M) | ($2.6M) | ($940.0K) | ($16.8M) |
| Deferred costs and other assets | ($8.4M) | ($23.6M) | ($29.9M) | $7.5M |
| Accounts payable, accrued expenses, deferred revenue and other liabilities | $4.0M | $1.4M | ($3.6M) | ($20.5M) |
| Net cash provided by operating activities | $429.7M | $419.0M | $394.6M | $379.3M |
| Acquisitions of interests in properties | ($67.9M) | ($40.6M) | ($78.3M) | ($100.1M) |
| Capital expenditures | ($152.0M) | ($140.9M) | ($142.6M) | ($158.5M) |
| Net proceeds from outlot sales | $12.9M | $13.2M | $3.2M | — |
| Net proceeds from sales of operating properties | $721.8M | $30.4M | $137.7M | $75.7M |
| Investments in unconsolidated subsidiaries | ($253.9M) | ($13.2M) | $0 | ($125.0K) |
| Investment in short-term deposits | $0 | ($615.0M) | $0 | $125.0M |
| Proceeds from short-term deposits | $350.0M | $265.0M | — | — |
| Small business loan repayments | $0 | $0 | $346.0K | $657.0K |
| Distributions from unconsolidated joint ventures | $4.2M | $1.6M | $0 | $1.2M |
| Capital contributions to unconsolidated joint ventures | ($1.6M) | — | — | — |
| Net cash provided by (used in) investing activities | $613.5M | ($499.0M) | ($81.7M) | ($45.1M) |
| Proceeds from issuance of common shares, net | 78.0K | 74.0K | 86.0K | 30.0K |
| Repurchases of common shares upon the vesting of restricted shares | -1.3M | -907.0K | -767.0K | -1.5M |
| Shares repurchased through Share Repurchase Program | -248.0M | — | — | — |
| Debt and equity issuance costs | ($4.3M) | ($19.0M) | ($767.0K) | ($5.2M) |
| Loan proceeds | $816.5M | $733.0M | $369.1M | $455.0M |
| Loan payments | ($1.0B) | ($314.8M) | ($544.4M) | ($569.0M) |
| Distributions paid – common shareholders | ($236.5M) | ($221.8M) | ($210.5M) | ($179.6M) |
| Distributions paid – redeemable noncontrolling interests | ($6.4M) | ($3.7M) | ($3.0M) | ($2.6M) |
| Distributions to noncontrolling interests | ($284.0K) | ($817.0K) | ($3.2M) | — |
| Net cash (used in) provided by financing activities | ($698.4M) | $172.1M | ($393.5M) | ($312.5M) |
| Net change in cash, cash equivalents and restricted cash | $344.8M | $92.1M | ($80.5M) | $21.6M |
| Cash, cash equivalents and restricted cash, beginning of year | $133.6M | $41.4M | $122.0M | $100.4M |
| Cash, cash equivalents and restricted cash, end of year | $478.4M | $133.6M | $41.4M | $122.0M |
| Cash paid for interest, net of capitalized interest | $133.4M | $130.6M | $120.9M | $113.7M |
| Accrued capital expenditures and tenant improvements | $7.2M | — | — | — |
| Contribution of real estate and working capital in exchange for equity investment in unconsolidated joint venture | $122.6M | — | — | — |
| Exchange of redeemable noncontrolling interests for common shares | 0 | 0 | 1.6M | 1.7M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $177.3M | $11.7M | $120.5M | $136.9M |
| Depreciation and amortization | $167.7M | $84.3M | $290.6M | $199.5M |
| Gain on sales of operating properties, net | ($87.7M) | $0 | ($108.9M) | ($103.1M) |
| Net gains from outlot sales | ($2.4M) | ($1.0M) | ($6.1M) | — |
| Gain on deconsolidation of joint venture | ($60.6M) | — | — | — |
| Impairment charges | $6.9M | $5.9M | $39.3M | $0 |
| Straight-line rent | ($4.4M) | ($1.8M) | ($8.2M) | ($5.1M) |
| Compensation expense for equity awards | $5.9M | $2.7M | $8.0M | $5.2M |
| Amortization of debt fair value adjustments | ($2.7M) | ($1.4M) | ($4.9M) | ($3.6M) |
| Amortization of in-place lease liabilities | ($3.2M) | ($1.5M) | ($7.0M) | ($5.1M) |
| Equity in loss of unconsolidated joint ventures | $3.6M | $2.2M | $8.5M | $3.8M |
| Distributions from unconsolidated joint ventures | $12.1M | $5.2M | — | — |
| Tenant receivables | $2.0M | ($3.5M) | $155.0K | $1.7M |
| Deferred costs and other assets | ($7.5M) | ($10.5M) | ($14.9M) | ($9.9M) |
| Accounts payable, accrued expenses, deferred revenue and other liabilities | ($30.3M) | ($42.5M) | $6.1M | ($13.4M) |
| Net cash provided by operating activities | $176.5M | $49.8M | $323.1M | $206.9M |
| Acquisition of real estate | ($143.2M) | ($7.9M) | — | — |
| Capital expenditures | ($70.3M) | ($32.4M) | ($114.0M) | ($83.3M) |
| Net proceeds from outlot sales | $6.7M | $3.2M | $12.9M | $0 |
| Net proceeds from sales of operating properties | $316.0M | $12.3M | $251.2M | $232.5M |
| Investments in unconsolidated joint ventures | $0 | — | ($253.9M) | ($253.9M) |
| Proceeds from short-term deposits | $0 | $0 | $350.0M | $350.0M |
| Change in cash from deconsolidation of joint venture | ($2.0M) | — | — | — |
| Distributions from unconsolidated joint ventures | $386.0K | $386.0K | $3.7M | $2.8M |
| Capital contributions to unconsolidated joint ventures | ($310.0K) | $0 | ($2.2M) | ($2.2M) |
| Net cash provided by investing activities | $107.2M | ($24.5M) | $179.8M | $178.0M |
| Proceeds from issuance of common shares, net | 41.0K | 19.0K | 56.0K | 36.0K |
| Repurchases of common shares upon the vesting of restricted shares | -1.4M | -1.4M | -1.2M | -1.2M |
| Shares repurchased through Share Repurchase Program | -198.1M | -152.4M | -70.0M | — |
| Debt and equity issuance costs | ($177.0K) | ($155.0K) | ($4.1M) | ($2.9M) |
| Loan proceeds | $319.0M | $237.0M | $696.5M | $696.5M |
| Loan payments | ($406.7M) | ($270.3M) | ($981.9M) | ($900.6M) |
| Distributions paid – common shareholders | ($149.0M) | ($90.1M) | ($178.0M) | ($118.7M) |
| Distributions paid – redeemable noncontrolling interests | ($4.2M) | ($3.0M) | ($5.1M) | ($3.8M) |
| Distributions to noncontrolling interests | ($155.0K) | ($86.0K) | ($205.0K) | ($127.0K) |
| Net cash used in financing activities | ($440.8M) | ($280.5M) | ($544.0M) | ($330.6M) |
| Net change in cash, cash equivalents and restricted cash | ($157.0M) | ($255.2M) | ($41.1M) | $54.3M |
| Cash, cash equivalents and restricted cash, beginning of period | $478.4M | $478.4M | $133.6M | $133.6M |
| Cash, cash equivalents and restricted cash, end of period | $321.4M | $223.1M | $92.5M | $187.8M |
| Accrued capital expenditures and tenant improvements | $42.0K | $1.7M | $6.7M | $2.7M |
| Accrued share repurchase through Share Repurchase Program | $30.0M | — | — | — |
| Reduction in consolidated indebtedness from deconsolidation of joint venture | $95.1M | — | — | — |
| Contribution of land to unconsolidated joint venture | $6.9M | — | — | — |
| Contribution of real estate and working capital in exchange for equity investment in unconsolidated joint venture | $0 | — | $122.6M | $122.6M |
Kite Realty Group Trust score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.