Kite Realty Group Trust (KRG) 10-Q 8 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 01, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'KITE REALTY GROUP TRUST	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	332,664,553
Amendment Flag	'false	'
Entity Central Index Key	'0001286043	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Accelerated Filer	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets:	'	'
Land	$343,373	$333,458
Land held for development	55,944	56,078
Buildings and improvements	1,384,323	1,351,642
Furniture, equipment and other	5,889	4,970
Construction in progress	88,111	130,909
	1,877,640	1,877,057
Less: accumulated depreciation	-251,415	-232,580
	1,626,225	1,644,477
Cash and cash equivalents	22,628	18,134
Tenant receivables, including accrued straight-line rent of $15,673 and $14,490, respectively, net of allowance for uncollectible accounts	27,609	24,768
Other receivables	3,807	4,567
Escrow deposits	9,925	11,046
Deferred costs, net	53,580	56,388
Prepaid and other assets	3,705	4,547
Total Assets	1,747,479	1,763,927
Liabilities and Equity:	'	'
Mortgage and other indebtedness	874,517	857,144
Accounts payable and accrued expenses	54,996	61,437
Deferred revenue and other liabilities	40,462	44,313
Total Liabilities	969,975	962,894
Commitments and contingencies	'	'
Redeemable noncontrolling interests in Operating Partnership	40,782	43,928
Kite Realty Group Trust Shareholders' Equity:	'	'
Preferred Shares, $.01 par value, 40,000,000 shares authorized, 4,100,000 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively, with a liquidation value of $102,500	102,500	102,500
Common Shares, $.01 par value, 450,000,000 shares authorized, 131,547,538 shares and 130,826,217 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	1,316	1,308
Additional paid in capital and other	824,073	821,526
Accumulated other comprehensive (loss) income	-1,425	1,353
Accumulated deficit	-193,105	-173,130
Total Kite Realty Group Trust Shareholders' Equity	733,359	753,557
Noncontrolling Interests	3,363	3,548
Total Equity	736,722	757,105
Total Liabilities and Equity	$1,747,479	$1,763,927

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Accrued straight-line rent (in Dollars)	$15,673	$14,490
Preferred Shares, par value (in Dollars per share)	$0.01	$0.01
Preferred Shares, shares authorized	40,000,000	40,000,000
Preferred Shares, shares issued	4,100,000	4,100,000
Preferred Shares, shares outstanding	4,100,000	4,100,000
Preferred Shares, liquidation value (in Dollars)	$102,500	$102,500
Common Shares, par value (in Dollars per share)	$0.01	$0.01
Common Shares, shares authorized	450,000,000	450,000,000
Common Shares, shares issued	131,547,538	130,826,217
Common Shares, shares outstanding	131,547,538	130,826,217

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue:	'	'	'	'
Minimum rent	$31,222	$22,652	$62,482	$43,132
Tenant reimbursements	8,315	5,537	17,478	11,093
Other property related revenue	1,306	1,727	3,543	6,732
Total revenue	40,843	29,916	83,503	60,957
Expenses:	'	'	'	'
Property operating	6,891	5,033	14,206	10,134
Real estate taxes	4,303	3,450	9,416	6,961
General, administrative, and other	2,313	1,814	5,420	3,954
Merger and acquisition costs	3,280	237	7,760	414
Impairment charge	'	5,371	'	5,371
Depreciation and amortization	19,737	13,807	37,177	25,192
Total expenses	36,524	29,712	73,979	52,026
Operating income	4,319	204	9,524	8,931
Interest expense	-7,522	-6,943	-14,905	-13,271
Income tax expense of taxable REIT subsidiary	-76	-105	-22	-76
Other income (expense), net	83	-39	-10	8
Loss from continuing operations	-3,196	-6,883	-5,413	-4,408
Discontinued operations:	'	'	'	'
Discontinued operations	'	-371	'	-789
Gain on sale of operating property, net	'	'	3,199	'
(Loss) income from discontinued operations	'	-371	3,199	-789
Loss before gain on sale of operating properties, net	-3,196	-7,254	-2,214	-5,197
Gain on sale of operating properties, net	'	'	3,489	'
Consolidated net (loss) income	-3,196	-7,254	1,275	-5,197
Change in fair value of derivatives	-2,217	5,922	-2,920	6,577
Total comprehensive loss	-5,413	-1,332	-1,645	1,380
Comprehensive loss attributable to noncontrolling interests	327	201	223	122
Comprehensive (loss) income attributable to Kite Realty Group Trust	-5,086	-1,131	-1,422	1,502
Net loss attributable to noncontrolling interests	220	661	81	636
Net (loss) income attributable to Kite Realty Group Trust	-2,976	-6,593	1,356	-4,561
Dividends on preferred shares	-2,114	-2,114	-4,228	-4,228
Net income (loss) attributable to common shareholders	-5,090	-8,707	-2,872	-8,789
Net loss per common share - basic & diluted:	'	'	'	'
Loss from continuing operations attributable to Kite Realty Group Trust common shareholders (in Dollars per share)	($0.04)	($0.09)	($0.04)	($0.10)
Income (loss) from discontinued operations attributable to Kite Realty Group Trust common shareholders (in Dollars per share)	$0	($0.01)	$0.02	$0
Net loss attributable to Kite Realty Group Trust common shareholders (in Dollars per share)	($0.04)	($0.10)	($0.02)	($0.10)
Weighted average common shares outstanding - basic and diluted (in Shares)	131,537,866	91,066,817	131,282,150	84,486,979
Dividends declared per common share (in Dollars per share)	$0.07	$0.06	$0.13	$0.12
Net loss attributable to Kite Realty Group Trust common shareholders:	'	'	'	'
Loss from continuing operations	-5,090	-8,362	-5,917	-8,058
(Loss) income from discontinued operations	'	($345)	$3,045	($731)

Consolidated_Statement_of_Shar

Consolidated Statement of Shareholders' Equity (Unaudited) (USD $)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
In Thousands, except Share data
Balances at Dec. 31, 2013	$102,500	$1,308	$821,526	$1,353	($173,130)	$753,557
Balances (in Shares) at Dec. 31, 2013	4,100,000	130,826,217	'	'	'	'
Common shares issued under employee share purchase plan	'	'	10	'	'	10
Common shares issued under employee share purchase plan (in Shares)	'	1,689	'	'	'	'
Stock compensation activity	'	8	741	'	'	749
Stock compensation activity (in Shares)	'	709,632	'	'	'	'
Other comprehensive income attributable to Kite Realty Group Trust	'	'	'	-2,778	'	-2,778
Distributions declared to common shareholders	'	'	'	'	-17,103	-17,103
Distributions to preferred shareholders	'	'	'	'	-4,228	-4,228
Net income attributable to Kite Realty Group Trust	'	'	'	'	1,356	1,356
Exchange of redeemable noncontrolling interests for common shares	'	'	63	'	'	63
Exchange of redeemable noncontrolling interests for common shares (in Shares)	'	10,000	'	'	'	'
Adjustment to redeemable noncontrolling interests - Operating Partnership	'	'	1,733	'	'	1,733
Balances at Jun. 30, 2014	$102,500	$1,316	$824,073	($1,425)	($193,105)	$733,359
Balances (in Shares) at Jun. 30, 2014	4,100,000	131,547,538	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Consolidated net income (loss)	$1,275	($5,197)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:	'	'
Straight-line rent	-1,753	-1,687
Depreciation and amortization	38,236	27,043
Impairment charge	'	5,371
Gain on sale of operating properties, net	-6,688	'
Provision for credit losses	427	174
Compensation expense for equity awards	352	465
Amortization of debt fair value adjustment	-4	-123
Amortization of in-place lease liabilities	-1,961	-1,271
Changes in assets and liabilities:	'	'
Tenant receivables and other	-2,441	1,194
Deferred costs and other assets	-4,943	-6,895
Accounts payable, accrued expenses, deferred revenue and other liabilities	314	5,976
Net cash provided by operating activities	22,814	25,050
Cash flows from investing activities:	'	'
Acquisitions of interests in properties	'	-86,961
Capital expenditures, net	-38,952	-53,423
Net proceeds from sales of operating properties	33,423	'
Change in construction payables	-8,501	-13,740
Collection of note receivable	542	'
Net cash used in investing activities	-13,488	-154,124
Cash flows from financing activities:	'	'
Common share issuance proceeds, net of issuance costs	-450	97,196
Loan proceeds	47,208	135,764
Loan transaction costs	-37	-807
Loan payments	-29,831	-88,060
Distributions paid b common shareholders	-16,403	-9,338
Distributions paid - preferred shareholders	-4,228	-4,228
Net cash (used in) provided by financing activities	-4,832	129,690
Net change in cash and cash equivalents	4,494	616
Cash and cash equivalents, beginning of period	18,134	12,483
Cash and cash equivalents, end of period	22,628	13,099
Redeemable Noncontrolling Interests [Member]	'	'
Cash flows from financing activities:	'	'
Distributions to noncontrolling interests	-830	-782
Noncontrolling Interests in Properties [Member]	'	'
Cash flows from financing activities:	'	'
Distributions to noncontrolling interests	($261)	($55)

Note_1_Organization

Note 1 - Organization	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block [Abstract]	'
Nature of Operations [Text Block]	'
	Note 1. Organization
	Kite Realty Group Trust (the “Company”, “we”, “us” and “our”), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), is engaged in the ownership, operation, management, leasing, acquisition, redevelopment and development of neighborhood and community shopping centers and certain commercial real estate properties in selected markets in the United States. At June 30, 2014, we owned interests in 70 operating properties (consisting of 68 retail properties and two commercial properties) and three development properties under construction.
	On July 1, 2014, we completed a merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) (see Note 12), upon which we now own interests in 130 operating properties (consisting of 128 retail properties and two commercial operating properties) and three development properties under construction.

Note_2_Basis_of_Presentation_C

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	Note 2. Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests
	We have prepared the accompanying unaudited financial statements pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) may have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures are adequate to make the presentation not misleading. The unaudited financial statements as of June 30, 2014 and for the three and six months ended June 30, 2014 and 2013 include, in the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary to present fairly the financial information set forth therein. The consolidated financial statements in this Form 10-Q should be read in conjunction with the audited consolidated financial statements and related notes thereto included in the Company’s 2013 Annual Report on Form 10-K. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reported period. Actual results could differ from these estimates. The results of operations for the interim periods are not necessarily indicative of the results that may be expected on an annual basis.
	Consolidation and Investments in Joint Ventures
	The accompanying financial statements of the Company are presented on a consolidated basis and include all accounts of the Company, the Operating Partnership, the taxable REIT subsidiary of the Operating Partnership, subsidiaries of the Company or the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Company is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Company consolidates properties that are wholly owned as well as properties it controls but in which it owns less than a 100% interest. Control of a property is demonstrated by, among other factors:
		●	our ability to refinance debt and sell the property without the consent of any other partner or owner;
		●	the inability of any other partner or owner to replace the Company as manager of the property; or
		●	being the primary beneficiary of a VIE. The primary beneficiary is defined as the entity that has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.
	As of June 30, 2014, we had investments in two joint ventures that are VIEs in which we are the primary beneficiary.  As of this date, these VIEs had total debt of $65.9 million which is secured by assets of the VIEs totaling $117.2 million. The Operating Partnership guarantees the debt of these VIEs.
	We consider all relationships between ourself and the VIE, including development agreements, management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. We also continuously reassess primary beneficiary status. During the three months ended June 30, 2014, there were no changes to our conclusions regarding whether an entity qualifies as a VIE or whether we are the primary beneficiary of any previously identified VIE.
	Noncontrolling Interests
	We report the noncontrolling interests in subsidiaries as equity and the amount of consolidated net income attributable to the noncontrolling interests is set forth separately in the consolidated financial statements. The noncontrolling interests in consolidated properties for the six months ended June 30, 2014 and 2013 were as follows:
			2014			2013
	Noncontrolling interests balance January 1		$	3,548		$	3,535
	Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests			76			62
	Distributions to noncontrolling interests			(261	)		(55	)
	Noncontrolling interests balance at June 30		$	3,363		$	3,542
	We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to unitholders upon redemption of their interests in the Operating Partnership under certain circumstances, such as the delivery of registered shares upon conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is required to be reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. As of June 30, 2014 and December 31, 2013, the redemption value of the redeemable noncontrolling interests exceeded the historical book value, and the balance was accordingly adjusted to redemption value.
	The redeemable noncontrolling interests in the Operating Partnership for the six months ended June 30, 2014 and 2013 were as follows:
			2014			2013
	Redeemable noncontrolling interests balance January 1		$	43,928		$	37,670
	Net loss allocable to redeemable noncontrolling interests			(157	)		(698	)
	Distributions declared to redeemable noncontrolling interests			(863	)		(785	)
	Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1			(142	)		514
	Exchange of redeemable noncontrolling interest for common stock			(63	)		(38	)
	Adjustment to redeemable noncontrolling interests - Operating Partnership and other			(1,921	)		4,150
	Redeemable noncontrolling interests balance at June 30		$	40,782		$	40,813
	____________________
	1	Represents the noncontrolling interests’ share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).
	The following sets forth accumulated other comprehensive (loss) income allocable to noncontrolling interests for the six months ended June 30, 2014 and 2013:
			2014			2013
	Accumulated comprehensive income (loss) balance at January 1		$	69		$	(456	)
	Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1			(142	)		514
	Accumulated comprehensive (loss) income balance at June 30		$	(73	)	$	58
	____________________
	1	Represents the noncontrolling interests’ share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).
	We allocate net operating results of the Operating Partnership after preferred dividends and noncontrolling interest in the consolidated properties based on the partners’ respective weighted average ownership interest. We adjust the redeemable noncontrolling interests in the Operating Partnership at the end of each period to reflect their interests in the Operating Partnership. This adjustment is reflected in our shareholders’ equity. The Company’s and the limited partners’ weighted average interests in the Operating Partnership for the three and six months ended June 30, 2014 and 2013 were as follows:
			Three Months Ended						Six Months Ended
			June 30,						June 30,
			2014			2013			2014			2013
	Company’s weighted average basic interest in Operating Partnership			95.2	%		93.1	%		95.2	%		92.6	%
	Limited partners' redeemable noncontrolling weighted average basic interests in Operating Partnership			4.8	%		6.9	%		4.8	%		7.4	%
	At both June 30, 2014 and December 31, 2013, the Company’s and the redeemable noncontrolling ownership interests in the Operating Partnership were 95.2% and 4.8%, respectively.
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (the “Update”). The Update changes the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity or assets that meet the criteria to be classified as held for sale and that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. The Update also requires expanded disclosures for discontinued operations and requires an entity to disclose the pretax profit or loss of an individually significant component of an entity that does not qualify for discontinued operations reporting in the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported. The Update is effective for annual periods beginning on or after December 15, 2014, with early adoption permitted for disposals of assets that were not held for sale as of December 31, 2013. The Company adopted the Update in the first quarter of 2014. In March 2014, the Company disposed of its 50th and 12th operating property which had been classified as held for sale at December 31, 2013. Accordingly, the revenues and expenses of this property and the associated gain on sale have been classified in discontinued operations in the 2014 consolidated statements of operations.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing GAAP revenue recognition guidance as well as impact the existing GAAP guidance governing the sale of nonfinancial assets. The standard’s core principle is that a company will recognize revenue when it satisfies performance obligations, by transferring promised goods or services to customers, in an amount that reflects the consideration to which the company expects to be entitled in exchange for fulfilling those performance obligations. In doing so, companies will need to exercise more judgment and make more estimates than under existing GAAP guidance.
	ASU 2014-09 will be effective for public entities for annual and interim reporting periods beginning after December 15, 2016 and early adoption is not permitted. ASU 2014-09 allows for either recognizing the cumulative effect of application (i) at the start of the earliest comparative period presented (with the option to use any or all of three practical expedients) or (ii) at the date of initial application, with no restatement of comparative periods presented.
	We have not yet selected a transition method nor have we determined the effect of ASU 2014-09 on our ongoing financial reporting.

Note_3_Earnings_Per_Share

Note 3 - Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note 3. Earnings Per Share
	Basic earnings per share is calculated based on the weighted average number of shares outstanding during the period. Diluted earnings per share is determined based on the weighted average number of shares outstanding combined with the incremental average shares that would have been outstanding assuming all potentially dilutive shares were converted into common shares as of the earliest date possible.
	Potentially dilutive securities include outstanding options to acquire common shares, units in the Operating Partnership, which may be exchanged for either cash or common shares, at the Company’s option, under certain circumstances, and deferred common share units, which may be credited to the personal accounts of non-employee trustees in lieu of the payment of cash compensation or the issuance of common shares to such trustees. Due to our net loss attributable to common shareholders for the three and six months ended June 30, 2014 and 2013, the potentially dilutive securities were not dilutive for those periods.
	Approximately 1.5 million and 1.7 million outstanding options to acquire common shares were excluded from the computation of diluted earnings per share because their impact was not dilutive for the three and six months ended June 30, 2014 and 2013, respectively.

Note_4_Mortgage_and_Other_Inde

Note 4 - Mortgage and Other Indebtedness	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 4. Mortgage and Other Indebtedness
	Mortgage and other indebtedness consisted of the following at June 30, 2014 and December 31, 2013:
			Balance at
			June 30,			December 31,
			2014			2013
	Unsecured revolving credit facility		$	145,000		$	145,000
	Unsecured term loan			230,000			230,000
	Notes payable secured by properties under construction - variable rate			168,821			144,389
	Mortgage notes payable - fixed rate			270,079			276,504
	Mortgage notes payable - variable rate			60,556			61,185
	Net premiums on acquired debt			61			66
	Total mortgage and other indebtedness		$	874,517		$	857,144
	Consolidated indebtedness, including weighted average maturities and weighted average interest rates at June 30, 2014, is summarized below:
			Amount			Weighted Average		Weighted Average		Percentage of
						Maturity (Years)		Interest Rate		Total
	Fixed rate debt		$	270,079			3.9		5.76%		31%
	Floating rate debt (hedged to fixed)			327,294			3.7		3.13%		37%
	Total fixed rate debt, considering hedges			597,373			3.8		4.32%		68%
	Notes payable secured by properties under construction - variable rate			168,821			1.1		2.20%		19%
	Other variable rate debt			60,556			4.2		2.31%		7%
	Corporate unsecured variable rate debt			375,000			4.3		1.84%		43%
	Floating rate debt (hedged to fixed)			(327,294	)		-3.7		-1.99%		-37%
	Total variable rate debt, considering hedges			277,083			3		1.99%		32%
	Net premiums on acquired debt			61		N/A		N/A		N/A
	Total debt		$	874,517			3.5		3.58%		100%
	Mortgage and construction loans are collateralized by certain real estate properties and leases. Mortgage loans are generally due in monthly installments of interest and principal and mature over various terms through 2022.
	Variable interest rates on mortgage and construction loans are based on LIBOR plus spreads ranging from 175 to 225 basis points. At June 30, 2014, the one-month LIBOR interest rate was 0.16%. Fixed interest rates on mortgage loans range from 5.42% to 6.78%.
	Unsecured Revolving Credit Facility and Unsecured Term Loan
	The amount that we may borrow under our unsecured revolving credit facility is based on the value of assets in our unencumbered property pool. As of June 30, 2014, the full amount of the unsecured revolving credit facility, or $200 million, was available for draw based on the unencumbered property pool allocated to the facility. Taking into account outstanding draws and letters of credit, as of June 30, 2014, we had $49.8 million available for future borrowings under the unsecured revolving credit facility. As of June 30, 2014, we had 62 unencumbered properties, of which 56 were wholly-owned by subsidiaries which are guarantors under the unsecured revolving credit facility and the unsecured term loan (the “Term Loan”).
	As of June 30, 2014, $145 million was outstanding under the unsecured revolving credit facility and $230 million was outstanding under the Term Loan. Additionally, we had letters of credit outstanding which totaled $5.2 million, against which no amounts were advanced as of June 30, 2014.
	Our ability to borrow under the unsecured revolving credit facility is subject to our compliance with various restrictive covenants, including with respect to liens, indebtedness, investments, dividends, mergers and asset sales.  The unsecured revolving credit facility and the Term Loan also require us to satisfy certain financial covenants. As of June 30, 2014, we were in compliance with all such covenants on the unsecured revolving credit facility and the Term Loan.
	On July 1, 2014, we amended the terms of our unsecured revolving credit facility (the “amended facility”) and increased the total borrowing capacity from $200 million to $500 million. The amended terms also include an extension of the maturity date from February 26, 2017 to July 1, 2018, which may be further extended for up to two additional periods of six months at our option, subject to certain conditions, and a reduction in the interest rate to LIBOR plus 140 to 200 basis points, depending on our leverage, from LIBOR plus 165 to 250 basis points. The amended facility has a fee of 15 to 25 basis points on unused borrowings. We may increase our borrowings under the amended facility up to $750 million, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the amended facility, to provide such increased amounts.
	Upon the closing of the amended facility and a $20 million paydown of the outstanding balance, we had approximately $370 million available for future borrowings. In addition, our unencumbered assets could provide approximately $64 million of additional borrowing capacity under the unsecured revolving credit facility.
	On July 1, 2014, we also amended the terms of our $230 million Term Loan (the “amended Term Loan”). The amended Term Loan has a maturity date of July 1, 2019 from August 21, 2018, which may be extended for an additional six months at the Company’s option subject to certain conditions. The interest rate applicable to the amended Term Loan was reduced to LIBOR plus 135 to 190 basis points, depending on the Company’s leverage, a decrease of between 10 and 55 basis points across the leverage grid. The amended Term Loan also provides for an increase in total borrowing of up to an additional $170 million ($400 million in total), subject to certain conditions, including obtaining commitments from any one or more lenders.
	Debt Activity
	For the six months ended June 30, 2014, we had total loan borrowings of $47.2 million and total loan repayments of $29.8 million. The major components of this activity are as follows:
		●	In January 2014, a pay-off of the $4.0 million loan secured by the 50th and 12th operating property was made using a portion of the proceeds from the sale of the property (see Note 8);
		●	In February 2014, a draw of $14.7 million was made on the unsecured revolving credit facility to fund redevelopment and tenant improvement costs;
		●	In March 2014, pay downs totaling $14.7 million were made on the unsecured revolving credit facility utilizing a portion of proceeds from property sales;
		●	In March 2014, the $6.9 million Beacon Hill variable rate loan was refinanced and the maturity of the loan was extended to April 2018;
		●	In May 2014, a pay down totaling $1.2 million was made on the loan secured by Delray Marketplace operating property; and
		●	Draws totaling $25.6 million were made during the period on construction loans related to the Rangeline Crossing, Holly Springs – Phase I and Parkside – Phases I and II development projects; and
		●	Scheduled principal payments were made on indebtedness totaling $3.0 million.
	In July 2014, we retired the $17.5 million loan secured by our Rangeline Crossing operating property, the $18.9 million loan secured by our Four Corner Square operating property, and the $5.0 million loan secured by the land at 951 and 41 in Naples, Florida using cash on hand.
	Also in July, we paid down the unsecured revolving credit facility by $20 million, which reduced the outstanding balance to $125 million.
	Fair Value of Fixed and Variable Rate Debt
	As of June 30, 2014, the fair value of fixed rate debt was $285.7 million compared to the book value of $270.1 million. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments which ranged from 2.78% to 4.68%. As of June 30, 2014, the fair value of variable rate debt was $603.1 million compared to the book value of $604.4 million. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments which ranged from 1.80% to 3.58%.

Note_5_Derivative_Instruments_

Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities Disclosure [Text Block]	'
	Note 5. Derivative Instruments, Hedging Activities and Other Comprehensive Income
	In order to manage volatility relating to variable interest rate risk, we enter into interest rate hedging agreements from time to time. We do not use derivatives for trading or speculative purposes nor do we have any derivatives that are not designated as cash flow hedges. We have agreements with each of our derivative counterparties that contain a provision that in the event of default on any of our indebtedness, we could also be declared in default on our derivative obligations. As of June 30, 2014, we were party to various cash flow hedge agreements with notional amounts totaling $327.3 million. These hedge agreements effectively fix the interest rate indices underlying certain variable rate debt instruments over terms ranging from 2014 through 2020. Utilizing a weighted average interest rate spread over LIBOR on all variable rate debt resulted in fixing the weighted average interest rate at 3.13%.
	These interest rate hedge agreements are the only assets or liabilities that we record at fair value on a recurring basis. The valuation of these assets and liabilities is determined using widely accepted techniques including discounted cash flow analysis. These techniques consider the contractual terms of the derivatives (including the period to maturity) and use observable market-based inputs such as interest rate curves and implied volatilities. We also incorporate credit valuation adjustments into the fair value measurements to reflect nonperformance risk on both our part and that of the respective counterparties.
	As a basis for considering market participant assumptions in fair value measurements, accounting guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs for identical instruments that are classified within Level 1 and observable inputs for similar instruments that are classified within Level 2) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
	Although we have determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and our counterparties. However, as of June 30, 2014 and December 31, 2013, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined that our derivative valuations are classified in Level 2 of the fair value hierarchy.
	As of June 30, 2014 the fair value of our interest rate hedges was a net liability of $1.8 million, including accrued interest of $0.3 million. As of June 30, 2014, $0.5 million is recorded in prepaid and other assets and $2.3 million is recorded in accounts payable and accrued expenses on the accompanying consolidated balance sheet. At December 31, 2013 the net fair value of our interest rate hedge assets was $1.1 million, including accrued interest of $0.3 million. As of December 31, 2013, $2.8 million is recorded in prepaid and other assets and $1.7 million is recorded in accounts payable and accrued expenses on the accompanying consolidated balance sheet.
	We currently expect the impact to interest expense over the next 12 months as the hedged forecasted interest payments occur to be $3.7 million. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to earnings over time as the hedged items are recognized in earnings. During the six months ended June 30, 2014 and 2013, $1.9 million and $1.3 million, respectively, were reclassified as a reduction to earnings.
	Our share of net unrealized gains and losses on our interest rate hedge agreements are the only components of the change in accumulated other comprehensive loss. The following sets forth comprehensive loss allocable to us for the three and six months ended June 30, 2014 and 2013:
			Three months ended						Six months ended
			June 30,						June 30,
			2014			2013			2014			2013
	Net loss attributable to Kite Realty Group Trust common shareholders		$	(5,090	)	$	(8,707	)	$	(2,872	)	$	(8,789	)
	Other comprehensive (loss) income allocable to Kite Realty Group Trust1			(2,111	)		5,461			(2,778	)		6,063
	Comprehensive loss attributable to Kite Realty Group Trust common shareholders		$	(7,201	)	$	(3,246	)	$	(5,650	)	$	(2,726	)
	____________________
	1	Reflects our share of the net change in the fair value of derivative instruments accounted for as cash flow hedges.

Note_6_Shareholders_Equity

Note 6 - Shareholders' Equity	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Note 6. Shareholders’ Equity
	In February and March 2014, a total of 679,714 restricted shares were granted to members of executive management and certain other employees. The restricted shares were granted at fair values ranging from $5.92 to $6.14 and will vest ratably over periods ranging from three to five years.
	In June 2014, upon approval from shareholders we filed an amendment to our Articles of Amendment and Restatement of Declaration of Trust, as amended, with the State of Maryland State Department of Assessments and Taxation to increase the total number of authorized common shares of beneficial interest from 200,000,000 to 450,000,000. On July 1, 2014, we issued approximately 201 million common shares to the existing Inland Diversified stockholders as consideration in connection with the merger transaction.
	In July 2014, a total of 1,175,075 restricted shares were granted to members of executive management and certain other employees upon the successful closing of the merger with Inland Diversified. These shares will vest ratably over periods up to four years.
	Our Board of Trustees declared a quarterly cash distribution of $0.515625 per Series A Preferred Share covering the period from March 2, 2014 to June 1, 2014. This distribution was paid on June 1, 2014 to shareholders of record as of May 21, 2014.
	Our Board of Trustees declared a cash distribution of $0.065 per common share for the second quarter of 2014. This distribution was paid on July 1, 2014 to common shareholders and operating partnership unit holders of record as of June 24, 2014.
	In 2012, we entered into Equity Distribution Agreements with certain sales agents pursuant to which we may sell, from time to time, up to an aggregate amount of $50 million of our common shares.  During the six months ended June 30, 2014, no common shares were issued under these Equity Distribution Agreements.

Note_7_Commitments_and_Conting

Note 7 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note 7. Commitments and Contingencies
	Eddy Street Commons at Notre Dame
	Phase I of Eddy Street Commons at the University of Notre Dame is a multi-phase project located adjacent to the university in South Bend, Indiana. Eddy Street Commons includes retail, office, a limited service hotel, a parking garage, apartment and residential units and is expected to include a full service hotel.
	The City of South Bend, Indiana has contributed $35 million to the development, funded by tax increment financing (TIF) bonds issued by the City and a cash commitment from the City, both of which were used for the construction of the parking garage and infrastructure improvements to this project. The majority of the bonds are expected to be funded by real estate tax payments made by us and subject to reimbursement from the tenants of the property; however, we have no obligation to repay or guarantee the bonds. If there are delays in the development, we are obligated to pay certain fees. However, we have an agreement with the City of South Bend to limit its exposure to a maximum of $0.4 million as to such fees. In addition, we will not be in default concerning other obligations under the agreement with the City of South Bend as long as we commence and diligently pursue the completion of our obligations under that agreement.
	Other Commitments and Contingencies
	We are not subject to any material litigation nor, to management’s knowledge, is any material litigation currently threatened against us other than routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such routine litigation, claims, and administrative proceedings will not have a material adverse impact on our consolidated financial statements.
	We are obligated under various completion guarantees with certain lenders and lease agreements with tenants to complete all or portions of the development and redevelopment projects. We believe we currently have sufficient financing in place to fund these projects and expect to do so primarily through existing construction loans. In addition, if necessary, we may make draws on our unsecured revolving credit facility.
	As of June 30, 2014, we had outstanding letters of credit totaling $5.2 million. At that date, there were no amounts advanced against these instruments.

Note_8_Disposal_of_Operating_P

Note 8 - Disposal of Operating Properties	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	Note 8. Disposals of Operating Properties
	During the first quarter of 2014, we sold our Red Bank Commons operating property in Evansville, Indiana, our Ridge Plaza operating property in Oak Ridge, New Jersey, and our 50th and 12th operating property in Seattle, Washington for aggregate proceeds of $35.2 million for a net gain of $6.7 million.
	The Red Bank Commons and Ridge Plaza operating properties are not included in discontinued operations in the accompanying Statements of Operations for the three and six months ended June 30, 2014 and 2013, as the disposals individually or in the aggregate did not represent a strategic shift that has or will have a major effect on our operations and financial results (see Note 2).
	The 50th and 12th operating property is included in discontinued operations for the three months ended June 30, 2014 and the three and six months ended June 30, 2013, as the property was classified as held for sale as of December 31, 2013.

Note_9_Property_Acquisition

Note 9 - Property Acquisition	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	Note 9. Property Acquisitions
	During the six months ended June 30, 2014, we did not acquire any operating properties or land for development. In the year ended December 31, 2013, we acquired thirteen properties. The majority of these operating properties were acquired with the net proceeds of our $314 million in common share equity offerings in 2013. Preliminary purchase price allocations were made at the date of acquisition, primarily to the fair value of tangible assets (land, building, and improvements) as well as to intangibles. The estimated purchase price allocations remain preliminary at June 30, 2014 and are subject to revision within the measurement period, not to exceed one year. Following is a summary of our 2013 operating property acquisitions.
	Property Name	MSA	Acquisition Date	Acquisition Cost (Millions)
	Shoppes of Eastwood	Orlando, FL	Jan-13	$	11.6
	Cool Springs Market	Nashville, TN	Apr-13		37.6
	Castleton Crossing	Indianapolis, IN	May-13		39
	Toringdon Market	Charlotte, NC	Aug-13		15.9
	Nine Property Portfolio:		Nov-13	$	304
	Beechwood Promenade	Athens, GA
	Burnt Store Promenade	Punta Gorda, FL
	Hunter’s Creek Promenade	Orlando, FL
	Lakewood Promenade	Jacksonville, FL
	Northdale Promenade	Tampa, FL
	Kingwood Commons	Houston, TX
	Portofino Shopping Center	Houston, TX
	Clay Marketplace	Birmingham, AL
	Trussville Promenade	Birmingham, AL

Note_10_Development_and_Redeve

Note 10 - Development and Redevelopment Activities	6 Months Ended
	Jun. 30, 2014
Real Estate [Abstract]	'
Real Estate Disclosure [Text Block]	'
	Note 10. Development and Redevelopment Activities
	Development Activities
	In the first quarter of 2014, we substantially completed construction on Delray Marketplace in Delray Beach, Florida and transferred the property to the operating portfolio. The center is anchored by Publix and Frank Theatres along with a number of restaurants and retailers including Burt and Max’s Grille, Charming Charlie’s, Chico’s, White House | Black Market, Ann Taylor Loft, and Jos. A Bank.
	In 2013, we substantially completed construction on Phase I of Holly Springs Towne Center near Raleigh, North Carolina and transitioned the project to the operating portfolio. The center is anchored by Target (non-owned), Dick’s Sporting Goods, Marshalls, Petco, and Ulta. In the first quarter of 2014, we signed leases with Bed Bath and Beyond and DSW to join Frank Theatres as the anchor tenants for Phase II, which is currently underconstruction.
	In 2013, we commenced construction on both phases of Parkside Town Commons near Raleigh, North Carolina and transitioned the project to an under-construction development status. Phase I is anchored by Harris Teeter under a ground lease, Petco and a non-owned Target. Phase II will be anchored by Frank Theatres, Golf Galaxy, Field & Stream, and Toby Keith’s Bar & Grill.
	Redevelopment Activities
	In January 2013, we completed plans for a redevelopment project at Bolton Plaza and reduced the estimated useful lives of certain assets that were demolished as part of this project. As a result of this change in estimate, $0.8 million of additional depreciation expense was recognized in the three months ended March 31, 2013. The center is anchored by Academy Sports and Outdoors, LA Fitness, and Panera Bread.
	In 2013, we commenced construction on both phases of Parkside Town Commons near Raleigh, North Carolina. Phase I is anchored by Harris Teeter under a ground lease, Petco and a non-owned Target. Phase II will be anchored by Frank Theatres, Golf Galaxy, Field & Stream, and Toby Keith’s Bar & Grill.

Note_11_Kedron_Village

Note 11 - Kedron Village	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	'
	Note 11. Kedron Village
	In June 2013, we received notice that the representatives of the lender intended to initiate foreclosure proceedings on Kedron Village. On July 2, 2013, the foreclosure proceedings were completed and the mortgage lender took title to the property in satisfaction of principal and interest due on the mortgage.
	We reevaluated the Kedron Village property for impairment as of June 30, 2013 and determined that, based on the developments, the carrying value of the property was no longer fully recoverable considering the reduced holding period that considers the foreclosure proceedings.  Accordingly, we recorded a non-cash impairment charge of $5.4 million for the three months ended June 30, 2013 based upon the estimated fair value of the asset of $25.5 million.
	The operations of Kedron Village were classified as Discontinued Operations in the consolidated statement of operations for the three and six months ended June 30, 2013.

Note_12_Subsequent_Event

Note 12 - Subsequent Event	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Note 12. Subsequent Events
	Merger with Inland Diversified
	On July 1, 2014, we completed the previously announced merger with Inland Diversified, in accordance with the merger agreement dated as of February 9, 2014. Inland Diversified merged with and into our wholly-owned subsidiary in a stock-for-stock exchange with a transaction value of approximately $2.1 billion, including the assumption of approximately $0.9 billion of debt.
	The retail portfolio acquired by us through the merger with Inland Diversified is comprised of 60 properties in 23 states. The properties are located in a number of our existing markets and in various new markets including Westchester, New York; Bayonne, New Jersey; Las Vegas, Nevada; Virginia Beach, Virginia; and Salt Lake City, Utah.
	Under the terms of the merger agreement, Inland Diversified shareholders received 1.707 newly issued common shares of beneficial interest of ours for each outstanding common share of Inland Diversified with a market value of approximately $1.2 billion based on the closing price of our common shares on the day preceding the merger of $6.14. On the merger date, we issued approximately 201 million common shares to the existing Inland Diversified shareholders. The purchase price allocation to tangible assets, intangibles and liabilities assumed is not complete as of the filing date.
	We recorded merger expense of $3.3 million and $7.8 million of merger costs for the three and six months ended June 30, 2014, respectively, which are included in “Merger and acquisition costs” in the accompanying consolidated statements of operations. These costs primarily consist of fairness opinion, legal, professional, and data migration costs. We anticipate the total merger related costs to be approximately $27 million.
	The following table presents pro forma combined total revenue and consolidated net income (loss) for the six months ending June 30, 2014 and 2013 as if the merger had been consummated on January 1, 2013. Adjustments have been made to the Kite Realty Group Trust results to reflect the effects of property acquisitions for the six months ending June 30, 2013 as if they had occurred on January 1, 2013 . The pro forma results have been calculated under our accounting policies and adjusted to reflect the results of Inland Diversified’s additional depreciation and amortization that would have been recorded assuming the allocation of the purchase price to investment properties, intangible assets and indebtedness had been applied on January 1, 2013.
		Six Months Ended
		June 30,
		(unaudited)
		2014		2013
	Total Revenue	$	176,705	$	170,836
	Consolidated net income (loss)		1,584		(4,963	)
	In July 2014, a total of 1,175,075 restricted shares were granted to members of executive management and certain other employees in connection with upon the successful closing of the merger with Inland Diversified, in recognition of the increase in the size of the Company and the scale of its operations, and in anticipation of new three year employment agreements. These shares will vest ratably over periods up to four years, and in the case of executive management a three year no-sell provision is added after the shares have vested.
	Reverse Share Split
	On July 22, 2014, the Board of Trustees approved a reverse share split of our common shares at a ratio of 1-for-4. The reverse share split is expected to take effect on August 11, 2014. As a result of the reverse share split, the number of outstanding common shares will be reduced from approximately 332.7 million to approximately 83.2 million. The financial statements have not been adjusted because the reverse share split was not effective as of our filing date. The reverse share split will be applied retrospectively.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	Consolidation and Investments in Joint Ventures
	The accompanying financial statements of the Company are presented on a consolidated basis and include all accounts of the Company, the Operating Partnership, the taxable REIT subsidiary of the Operating Partnership, subsidiaries of the Company or the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Company is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Company consolidates properties that are wholly owned as well as properties it controls but in which it owns less than a 100% interest. Control of a property is demonstrated by, among other factors:
		●	our ability to refinance debt and sell the property without the consent of any other partner or owner;
		●	the inability of any other partner or owner to replace the Company as manager of the property; or
		●	being the primary beneficiary of a VIE. The primary beneficiary is defined as the entity that has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.
	As of June 30, 2014, we had investments in two joint ventures that are VIEs in which we are the primary beneficiary.  As of this date, these VIEs had total debt of $65.9 million which is secured by assets of the VIEs totaling $117.2 million. The Operating Partnership guarantees the debt of these VIEs.
	We consider all relationships between ourself and the VIE, including development agreements, management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. We also continuously reassess primary beneficiary status. During the three months ended June 30, 2014, there were no changes to our conclusions regarding whether an entity qualifies as a VIE or whether we are the primary beneficiary of any previously identified VIE.
Investment, Policy [Policy Text Block]	'
	Noncontrolling Interests
	We report the noncontrolling interests in subsidiaries as equity and the amount of consolidated net income attributable to the noncontrolling interests is set forth separately in the consolidated financial statements. The noncontrolling interests in consolidated properties for the six months ended June 30, 2014 and 2013 were as follows:
			2014			2013
	Noncontrolling interests balance January 1		$	3,548		$	3,535
	Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests			76			62
	Distributions to noncontrolling interests			(261	)		(55	)
	Noncontrolling interests balance at June 30		$	3,363		$	3,542
	We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to unitholders upon redemption of their interests in the Operating Partnership under certain circumstances, such as the delivery of registered shares upon conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is required to be reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. As of June 30, 2014 and December 31, 2013, the redemption value of the redeemable noncontrolling interests exceeded the historical book value, and the balance was accordingly adjusted to redemption value.
	The redeemable noncontrolling interests in the Operating Partnership for the six months ended June 30, 2014 and 2013 were as follows:
			2014			2013
	Redeemable noncontrolling interests balance January 1		$	43,928		$	37,670
	Net loss allocable to redeemable noncontrolling interests			(157	)		(698	)
	Distributions declared to redeemable noncontrolling interests			(863	)		(785	)
	Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1			(142	)		514
	Exchange of redeemable noncontrolling interest for common stock			(63	)		(38	)
	Adjustment to redeemable noncontrolling interests - Operating Partnership and other			(1,921	)		4,150
	Redeemable noncontrolling interests balance at June 30		$	40,782		$	40,813
	____________________
	1	Represents the noncontrolling interests’ share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).
	The following sets forth accumulated other comprehensive (loss) income allocable to noncontrolling interests for the six months ended June 30, 2014 and 2013:
			2014			2013
	Accumulated comprehensive income (loss) balance at January 1		$	69		$	(456	)
	Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1			(142	)		514
	Accumulated comprehensive (loss) income balance at June 30		$	(73	)	$	58
	____________________
	1	Represents the noncontrolling interests’ share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).
	We allocate net operating results of the Operating Partnership after preferred dividends and noncontrolling interest in the consolidated properties based on the partners’ respective weighted average ownership interest. We adjust the redeemable noncontrolling interests in the Operating Partnership at the end of each period to reflect their interests in the Operating Partnership. This adjustment is reflected in our shareholders’ equity. The Company’s and the limited partners’ weighted average interests in the Operating Partnership for the three and six months ended June 30, 2014 and 2013 were as follows:
			Three Months Ended						Six Months Ended
			June 30,						June 30,
			2014			2013			2014			2013
	Company’s weighted average basic interest in Operating Partnership			95.2	%		93.1	%		95.2	%		92.6	%
	Limited partners' redeemable noncontrolling weighted average basic interests in Operating Partnership			4.8	%		6.9	%		4.8	%		7.4	%
	At both June 30, 2014 and December 31, 2013, the Company’s and the redeemable noncontrolling ownership interests in the Operating Partnership were 95.2% and 4.8%, respectively.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Issued Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (the “Update”). The Update changes the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity or assets that meet the criteria to be classified as held for sale and that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. The Update also requires expanded disclosures for discontinued operations and requires an entity to disclose the pretax profit or loss of an individually significant component of an entity that does not qualify for discontinued operations reporting in the period in which it is disposed of or is classified as held for sale and for all prior periods that are presented in the statement where net income is reported. The Update is effective for annual periods beginning on or after December 15, 2014, with early adoption permitted for disposals of assets that were not held for sale as of December 31, 2013. The Company adopted the Update in the first quarter of 2014. In March 2014, the Company disposed of its 50th and 12th operating property which had been classified as held for sale at December 31, 2013. Accordingly, the revenues and expenses of this property and the associated gain on sale have been classified in discontinued operations in the 2014 consolidated statements of operations.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing GAAP revenue recognition guidance as well as impact the existing GAAP guidance governing the sale of nonfinancial assets. The standard’s core principle is that a company will recognize revenue when it satisfies performance obligations, by transferring promised goods or services to customers, in an amount that reflects the consideration to which the company expects to be entitled in exchange for fulfilling those performance obligations. In doing so, companies will need to exercise more judgment and make more estimates than under existing GAAP guidance.
	ASU 2014-09 will be effective for public entities for annual and interim reporting periods beginning after December 15, 2016 and early adoption is not permitted. ASU 2014-09 allows for either recognizing the cumulative effect of application (i) at the start of the earliest comparative period presented (with the option to use any or all of three practical expedients) or (ii) at the date of initial application, with no restatement of comparative periods presented.
	We have not yet selected a transition method nor have we determined the effect of ASU 2014-09 on our ongoing financial reporting.

Note_2_Basis_of_Presentation_C1

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2014
Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables) [Line Items]	'
Redeemable Noncontrolling Interest [Table Text Block]	'
		2014			2013
	Redeemable noncontrolling interests balance January 1	$	43,928		$	37,670
	Net loss allocable to redeemable noncontrolling interests		(157	)		(698	)
	Distributions declared to redeemable noncontrolling interests		(863	)		(785	)
	Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1		(142	)		514
	Exchange of redeemable noncontrolling interest for common stock		(63	)		(38	)
	Adjustment to redeemable noncontrolling interests - Operating Partnership and other		(1,921	)		4,150
	Redeemable noncontrolling interests balance at June 30	$	40,782		$	40,813
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	'
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Company’s weighted average basic interest in Operating Partnership		95.2	%		93.1	%		95.2	%		92.6	%
	Limited partners' redeemable noncontrolling weighted average basic interests in Operating Partnership		4.8	%		6.9	%		4.8	%		7.4	%
Noncontrolling Interest [Member]	'
Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables) [Line Items]	'
Schedule of Stockholders Equity [Table Text Block]	'
		2014			2013
	Noncontrolling interests balance January 1	$	3,548		$	3,535
	Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests		76			62
	Distributions to noncontrolling interests		(261	)		(55	)
	Noncontrolling interests balance at June 30	$	3,363		$	3,542
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
		2014			2013
	Accumulated comprehensive income (loss) balance at January 1	$	69		$	(456	)
	Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1		(142	)		514
	Accumulated comprehensive (loss) income balance at June 30	$	(73	)	$	58

Note_4_Mortgage_and_Other_Inde1

Note 4 - Mortgage and Other Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Participating Mortgage Loans [Table Text Block]	'
		Balance at
		June 30,			December 31,
		2014			2013
	Unsecured revolving credit facility	$	145,000		$	145,000
	Unsecured term loan		230,000			230,000
	Notes payable secured by properties under construction - variable rate		168,821			144,389
	Mortgage notes payable - fixed rate		270,079			276,504
	Mortgage notes payable - variable rate		60,556			61,185
	Net premiums on acquired debt		61			66
	Total mortgage and other indebtedness	$	874,517		$	857,144
Schedule of Debt [Table Text Block]	'
		Amount			Weighted Average		Weighted Average		Percentage of
					Maturity (Years)		Interest Rate		Total
	Fixed rate debt	$	270,079			3.9		5.76%		31%
	Floating rate debt (hedged to fixed)		327,294			3.7		3.13%		37%
	Total fixed rate debt, considering hedges		597,373			3.8		4.32%		68%
	Notes payable secured by properties under construction - variable rate		168,821			1.1		2.20%		19%
	Other variable rate debt		60,556			4.2		2.31%		7%
	Corporate unsecured variable rate debt		375,000			4.3		1.84%		43%
	Floating rate debt (hedged to fixed)		(327,294	)		-3.7		-1.99%		-37%
	Total variable rate debt, considering hedges		277,083			3		1.99%		32%
	Net premiums on acquired debt		61		N/A		N/A		N/A
	Total debt	$	874,517			3.5		3.58%		100%

Note_5_Derivative_Instruments_1

Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Comprehensive Income (Loss) [Table Text Block]	'
		Three months ended						Six months ended
		June 30,						June 30,
		2014			2013			2014			2013
	Net loss attributable to Kite Realty Group Trust common shareholders	$	(5,090	)	$	(8,707	)	$	(2,872	)	$	(8,789	)
	Other comprehensive (loss) income allocable to Kite Realty Group Trust1		(2,111	)		5,461			(2,778	)		6,063
	Comprehensive loss attributable to Kite Realty Group Trust common shareholders	$	(7,201	)	$	(3,246	)	$	(5,650	)	$	(2,726	)

Note_9_Property_Acquisition_Ta

Note 9 - Property Acquisition (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Schedule of Real Estate Properties [Table Text Block]	'
	Property Name	MSA	Acquisition Date	Acquisition Cost (Millions)
	Shoppes of Eastwood	Orlando, FL	Jan-13	$	11.6
	Cool Springs Market	Nashville, TN	Apr-13		37.6
	Castleton Crossing	Indianapolis, IN	May-13		39
	Toringdon Market	Charlotte, NC	Aug-13		15.9
	Nine Property Portfolio:		Nov-13	$	304
	Beechwood Promenade	Athens, GA
	Burnt Store Promenade	Punta Gorda, FL
	Hunter’s Creek Promenade	Orlando, FL
	Lakewood Promenade	Jacksonville, FL
	Northdale Promenade	Tampa, FL
	Kingwood Commons	Houston, TX
	Portofino Shopping Center	Houston, TX
	Clay Marketplace	Birmingham, AL
	Trussville Promenade	Birmingham, AL

Note_12_Subsequent_Event_Table

Note 12 - Subsequent Event (Tables)	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Business Acquisition, Pro Forma Information [Table Text Block]	'
		Six Months Ended
		June 30,
		(unaudited)
		2014		2013
	Total Revenue	$	176,705	$	170,836
	Consolidated net income (loss)		1,584		(4,963	)

Note_1_Organization_Details

Note 1 - Organization (Details)	Jun. 30, 2014	Jul. 01, 2014	Jun. 30, 2014	Jul. 01, 2014	Jun. 30, 2014	Jul. 01, 2014	Jun. 30, 2014	Jul. 01, 2014
		Retail Operating Properties [Member]	Retail Operating Properties [Member]	Commercial Operating Properties [Member]	Commercial Operating Properties [Member]	In-Process Retail Development Properties [Member]	In-Process Retail Development Properties [Member]	Subsequent Event [Member]
		Subsequent Event [Member]		Subsequent Event [Member]		Subsequent Event [Member]		Inland Diversified Real Estate Trust, Inc [Member]
		Inland Diversified Real Estate Trust, Inc [Member]		Inland Diversified Real Estate Trust, Inc [Member]		Inland Diversified Real Estate Trust, Inc [Member]
Note 1 - Organization (Details) [Line Items]	'	'	'	'	'	'	'	'
Number of Real Estate Properties	70	128	68	2	2	3	3	130

Note_2_Basis_of_Presentation_C2

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) [Line Items]	'	'
Variable Interest Entity, Number of Entities	2	'
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities (in Dollars)	65.9	'
Variable Interest Entity, Consolidated, Carrying Amount, Assets (in Dollars)	117.2	'
Operating Partnership [Member]	'	'
Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) [Line Items]	'	'
Noncontrolling Interest, Ownership Percentage by Parent	95.20%	4.80%

Note_2_Basis_of_Presentation_C3

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) - Noncontrolling Interests (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) - Noncontrolling Interests [Line Items]	'	'	'	'
Noncontrolling interests balance January 1	'	'	$3,548	$3,535
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests	-220	-661	-81	-636
Distributions to noncontrolling interests	'	'	-261	-55
Noncontrolling interests balance at June 30	3,363	3,542	3,363	3,542
Excluding Redeemable Non-Controlling Interests [Member]	'	'	'	'
Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) - Noncontrolling Interests [Line Items]	'	'	'	'
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests	'	'	$76	$62

Note_2_Basis_of_Presentation_C4

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) - Redeemable Noncontrolling Interests (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Redeemable Noncontrolling Interest [Line Items]	'	'	'		'
Net loss allocable to redeemable noncontrolling interests	($220)	($661)	($81)		($636)
Distributions declared to redeemable noncontrolling interests	'	'	-261		-55
Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1	'	'	-142	[1]	514	[1]
Redeemable Noncontrolling Interests [Member]	'	'	'		'
Redeemable Noncontrolling Interest [Line Items]	'	'	'		'
Redeemable noncontrolling interests balance	'	'	43,928		37,670
Net loss allocable to redeemable noncontrolling interests	'	'	-157		-698
Distributions declared to redeemable noncontrolling interests	'	'	-863		-785
Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1	'	'	-142	[1]	514	[1]
Exchange of redeemable noncontrolling interest for common stock	'	'	-63		-38
Adjustment to redeemable noncontrolling interests - Operating Partnership and other	'	'	-1,921		4,150
Redeemable noncontrolling interests balance	$40,782	$40,813	$40,782		$40,813
[1]	Represents the noncontrolling interests' share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).

Note_2_Basis_of_Presentation_C5

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) - Accumulated Other Comprehensive Loss Allocable to Noncontrolling Interests (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
					Noncontrolling Interest [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'		'	'	'	'
Accumulated comprehensive loss balance	$1,353		'		($73)	$69	$58	($456)
Other comprehensive (loss) income allocable to redeemable noncontrolling interests 1	-142	[1]	514	[1]	'	'	'	'
Accumulated comprehensive loss balance	($1,425)		'		($73)	$69	$58	($456)
[1]	Represents the noncontrolling interests' share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).

Note_2_Basis_of_Presentation_C6

Note 2 - Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Details) - Weighted Average Interests in Operating Partnership (Operating Partnership [Member])	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Operating Partnership [Member]	'	'	'	'
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]	'	'	'	'
Companybs weighted average basic interest in Operating Partnership	95.20%	93.10%	95.20%	92.60%
Limited partners' redeemable noncontrolling weighted average basic interests in Operating Partnership	4.80%	6.90%	4.80%	7.40%

Note_3_Earnings_Per_Share_Deta

Note 3 - Earnings Per Share (Details)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1.5	1.7	1.5	1.7

Note_4_Mortgage_and_Other_Inde2

Note 4 - Mortgage and Other Indebtedness (Details) (USD $)

1 Months Ended

6 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

Mar. 31, 2014

Feb. 28, 2014

Jan. 31, 2014

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jul. 01, 2014

Jun. 30, 2014

Jun. 30, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 31, 2017

Jul. 01, 2014

Jul. 01, 2014

Jul. 01, 2014

Mar. 31, 2014

31-May-14

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Unencumbered [Member]

Unencumbered [Member]

Unencumbered [Member]

Rangeline Crossing Operating Property [Member]

Four Corner Square Operating Property [Member]

Land [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Beacon Hill [Member]

Delray Marketplace Operating Property [Member]

Scheduled Principal Payments [Member]

Fixed Rate Debt [Member]

Variable Rate Debt [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Minimum [Member]

Maximum [Member]

Subsequent Event [Member]

Wholly Owned Properties [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

Subject to Certain Condition [Member]

Term Loan [Member]

Term Loan [Member]

Term Loan [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Minimum [Member]

Maximum [Member]

London Interbank Offered Rate (LIBOR) [Member]

London Interbank Offered Rate (LIBOR) [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Note 4 - Mortgage and Other Indebtedness (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.35%

1.90%

1.40%

2.00%

'

'

'

'

'

'

'

'

'

'

1.65%

2.50%

'

1.75%

2.25%

Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate

'

'

'

0.16%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.80%

3.58%

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.42%

6.78%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.78%

4.68%

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$750,000,000

'

'

'

'

'

'

'

$500,000,000

'

'

'

'

'

'

'

'

'

$200,000,000

'

'

Line of Credit Facility, Remaining Borrowing Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

370,000,000

'

'

'

'

'

'

'

'

'

49,800,000

'

'

Number of Real Estate Properties

'

'

'

70

'

'

'

56

62

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Line of Credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

125,000,000

'

'

'

'

'

'

'

'

'

'

145,000,000

'

'

Long-term Debt

'

'

'

874,517,000

'

857,144,000

'

'

230,000,000

'

'

'

145,000,000

145,000,000

'

'

'

400,000,000

'

'

'

'

'

'

'

'

'

'

'

'

270,079,000

'

'

'

'

'

'

Letters of Credit Outstanding, Amount

'

'

'

5,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Unused Capacity, Commitment Fee Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.15%

0.25%

'

'

'

'

'

'

'

'

'

'

Repayments of Unsecured Debt

14,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Additional Borrowing Capacity

'

'

'

'

'

'

64,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Decrease in the Spread on Variable Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.10%

0.55%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional Increase in Term Loan Borrowing

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

170,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Loans

'

'

'

47,208,000

135,764,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Long-term Debt

'

'

'

29,831,000

88,060,000

'

'

'

'

17,500,000

18,900,000

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,200,000

3,000,000

'

'

'

'

'

'

'

Repayments of Debt

'

'

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Unsecured Lines of Credit

'

14,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,900,000

'

'

'

'

'

'

'

'

'

Proceeds from Construction Loans Payable

'

'

'

25,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Lines of Credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Fair Value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

285,700,000

603,100,000

'

'

'

'

'

Long-term Debt, Percentage Bearing Fixed Interest, Amount

'

'

'

270,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Percentage Bearing Variable Interest, Amount

'

'

'

$604,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note_4_Mortgage_and_Other_Inde3

Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Debt (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	$874,517	$857,144
Line of Credit [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	145,000	145,000
Unsecured Debt [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	230,000	230,000
Construction Loans [Member] | Variable Rate Debt [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	168,821	144,389
Mortgages [Member] | Variable Rate Debt [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	60,556	61,185
Mortgages [Member] | Fixed Rate Debt [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	270,079	276,504
Net Premiums On Acquired Debt [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	61	66
Fixed Rate Debt [Member]	'	'
Participating Mortgage Loans [Line Items]	'	'
Mortgage and other indebtedness	$270,079	'

Note_4_Mortgage_and_Other_Inde4

Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	$874,517	$857,144
Weighted Average Maturity	'3 years 6 months	'
Weighted Average Interest Rate	3.58%	'
Percentage of Total	100.00%	'
Fixed Rate Debt [Member] | Floating Rate Debt (Hedged) [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	327,294	'
Weighted Average Maturity	'3 years 255 days	'
Weighted Average Interest Rate	3.13%	'
Percentage of Total	37.00%	'
Fixed Rate Debt [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	270,079	'
Weighted Average Maturity	'3 years 328 days	'
Weighted Average Interest Rate	5.76%	'
Percentage of Total	31.00%	'
Fixed Rate Debt, Considering Hedges [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	597,373	'
Weighted Average Maturity	'3 years 292 days	'
Weighted Average Interest Rate	4.32%	'
Percentage of Total	68.00%	'
Variable Rate Debt [Member] | Floating Rate Debt (Hedged) [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	-327,294	'
Weighted Average Maturity	'minus 3 years 255 days	'
Weighted Average Interest Rate	-1.99%	'
Percentage of Total	-37.00%	'
Variable Rate Debt [Member] | Construction Loans [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	168,821	144,389
Weighted Average Maturity	'1 year 36 days	'
Weighted Average Interest Rate	2.20%	'
Percentage of Total	19.00%	'
Variable Rate Debt [Member] | Notes Payable, Other Payables [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	60,556	'
Weighted Average Maturity	'4 years 73 days	'
Weighted Average Interest Rate	2.31%	'
Percentage of Total	7.00%	'
Variable Rate Debt [Member] | Corporate Debt Securities [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	375,000	'
Weighted Average Maturity	'4 years 109 days	'
Weighted Average Interest Rate	1.84%	'
Percentage of Total	43.00%	'
Variable Rate Debt, Considering Hedges [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	277,083	'
Weighted Average Maturity	'3 years	'
Weighted Average Interest Rate	1.99%	'
Percentage of Total	32.00%	'
Net Premiums On Acquired Debt [Member]	'	'
Note 4 - Mortgage and Other Indebtedness (Details) - Consolidated Indebtedness by Type of Interest Rate [Line Items]	'	'
Amount (in Dollars)	$61	$66
Weighted Average Maturity	'	'
Weighted Average Interest Rate	'	'
Percentage of Total	'	'

Note_5_Derivative_Instruments_2

Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Derivative, Average Cap Interest Rate	3.13%	'	3.13%	'	'
Interest Rate Fair Value Hedge Derivative at Fair Value, Net	$1,800,000	'	$1,800,000	'	$1,100,000
Interest Expense	7,522,000	6,943,000	14,905,000	13,271,000	'
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	-3,196,000	-7,254,000	1,275,000	-5,197,000	'
Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	'	'	1,900,000	1,300,000	'
Increase As Hedged Forecasted Interest Payments Occur [Member]	'	'	'	'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Interest Expense	'	'	3,700,000	'	'
Cash Flow Hedge [Member]	'	'	'	'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Derivative, Notional Amount	327,300,000	'	327,300,000	'	'
Accrued Interest [Member]	'	'	'	'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Interest Rate Fair Value Hedge Derivative at Fair Value, Net	300,000	'	300,000	'	300,000
Prepaid Expenses and Other Current Assets [Member]	'	'	'	'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Interest Rate Fair Value Hedge Asset at Fair Value	500,000	'	500,000	'	2,800,000
Accounts Payable and Accrued Liabilities [Member]	'	'	'	'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) [Line Items]	'	'	'	'	'
Interest Rate Fair Value Hedge Liability at Fair Value	$2,300,000	'	$2,300,000	'	$1,700,000

Note_5_Derivative_Instruments_3

Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) - Comprehensive Income (Loss) Allocable to the Company (USD $)	3 Months Ended				6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014	Jun. 30, 2013
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) - Comprehensive Income (Loss) Allocable to the Company [Line Items]	'		'		'	'
Net loss attributable to Kite Realty Group Trust common shareholders	($5,090)		($8,707)		($2,872)	($8,789)
Other comprehensive (loss) income allocable to Kite Realty Group Trust1	-2,111	[1]	5,461	[1]	-2,778	6,063
Comprehensive loss attributable to Kite Realty Group Trust common shareholders	-5,086		-1,131		-1,422	1,502
Attributable to Common Shareholders [Member]	'		'		'	'
Note 5 - Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) - Comprehensive Income (Loss) Allocable to the Company [Line Items]	'		'		'	'
Comprehensive loss attributable to Kite Realty Group Trust common shareholders	($7,201)		($3,246)		($5,650)	($2,726)
[1]	Reflects our share of the net change in the fair value of derivative instruments accounted for as cash flow hedges.

Note_6_Shareholders_Equity_Det

Note 6 - Shareholders' Equity (Details) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

1 Months Ended

2 Months Ended

0 Months Ended

6 Months Ended

In Millions, except Share data, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 01, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Jul. 01, 2014

Jun. 30, 2014

Jun. 30, 2014

Series A Preferred Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Subsequent Event [Member]

Scenario, Previously Reported [Member]

Equity Distribution Agreement [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Executive Management and Certain Other Employees [Member]

Executive Management and Certain Other Employees [Member]

Note 6 - Shareholders' Equity (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

'

'

'

'

'

'

1,175,075

1,175,075

'

679,714

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

$5.92

$6.14

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

'

'

'

'

'

'

'4 years

'

'4 years

'

'3 years

'5 years

'

'

'

Common Stock, Shares Authorized

450,000,000

'

450,000,000

'

450,000,000

'

'

'

'

'

'

'

'

200,000,000

'

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

'

'

'

'

'

'

'

'

'

'

'

'

201,000,000

'

'

Preferred Stock, Dividends, Per Share, Cash Paid (in Dollars per share)

'

'

'

'

'

$0.52

'

'

'

'

'

'

'

'

'

Common Stock, Dividends, Per Share, Declared (in Dollars per share)

$0.07

$0.06

$0.13

$0.12

'

'

'

'

'

'

'

'

'

'

'

Common Stock Capital Shares Reserved For Future Issuance, Value (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$50

Stock Issued During Period, Shares, New Issues

'

'

'

'

'

'

'

'

'

'

'

'

201,000,000

'

0

Note_7_Commitments_and_Conting1

Note 7 - Commitments and Contingencies (Details) (USD $)	Jun. 30, 2014
In Millions, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
Special Assessment Bond	$35
Loss Contingency, Range of Possible Loss, Maximum	0.4
Letters of Credit Outstanding, Amount	$5.20

Note_8_Disposal_of_Operating_P1

Note 8 - Disposal of Operating Properties (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Proceeds from Divestiture of Businesses	$35.20
Gain (Loss) on Disposition of Real Estate, Discontinued Operations	$6.70

Note_9_Property_Acquisition_De

Note 9 - Property Acquisition (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
Note 9 - Property Acquisition (Details) [Line Items]	'
Proceeds from Issuance or Sale of Equity	$314
Texas, Florida, Georgia, and Alabama [Member]	'
Note 9 - Property Acquisition (Details) [Line Items]	'
Operating Properties Acquired	13

Note_9_Property_Acquisition_De1

Note 9 - Property Acquisition (Details) - Property Acquisitions (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Shoppes Of Eastwood [Member]	'
Real Estate Properties [Line Items]	'
Acquisition Costs	$11.60
Cool Springs Market [Member]	'
Real Estate Properties [Line Items]	'
Acquisition Costs	37.6
Castleton Crossing [Member]	'
Real Estate Properties [Line Items]	'
Acquisition Costs	39
Toringdon Market [Member]	'
Real Estate Properties [Line Items]	'
Acquisition Costs	15.9
Nine Property Portfolio [Member]	'
Real Estate Properties [Line Items]	'
Acquisition Costs	$304

Note_10_Development_and_Redeve1

Note 10 - Development and Redevelopment Activities (Details) (Bolton Plaza [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013
Bolton Plaza [Member]	'
Note 10 - Development and Redevelopment Activities (Details) [Line Items]	'
Depreciation	$0.80

Note_11_Kedron_Village_Details

Note 11 - Kedron Village (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Note 11 - Kedron Village (Details) [Line Items]	'	'
Asset Impairment Charges	$5,371,000	$5,371,000
Kedron Village [Member]	'	'
Note 11 - Kedron Village (Details) [Line Items]	'	'
Asset Impairment Charges	5,400,000	'
Property, Plant, and Equipment, Fair Value Disclosure	$25,500,000	$25,500,000

Note_12_Subsequent_Event_Detai

Note 12 - Subsequent Event (Details) (USD $)

Jun. 30, 2014

Dec. 31, 2013

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Mar. 31, 2014

Jul. 01, 2014

Jul. 01, 2014

Jul. 22, 2014

Jul. 01, 2014

Jul. 22, 2014

Jul. 01, 2014

Jun. 30, 2014

Jun. 30, 2014

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Inland Diversified Real Estate Trust, Inc [Member]

Executive Management and Certain Other Employees [Member]

Executive Management and Certain Other Employees [Member]

Note 12 - Subsequent Event (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Consideration Transferred

'

'

'

'

'

'

$2,100,000,000

'

'

'

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

'

'

'

'

'

'

'

900,000,000

'

'

'

'

'

'

Number of Real Estate Properties

70

'

'

'

'

'

'

130

'

'

'

'

'

'

Business Combination, Shares Issued in Exchange, Per Share (in Dollars per share)

'

'

'

'

'

'

'

$1.71

'

'

'

'

'

'

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

'

'

'

'

'

'

'

1,200,000,000

'

'

'

'

'

'

Business Acquisition, Share Price (in Dollars per share)

'

'

'

'

'

'

'

$6.14

'

'

'

'

'

'

Stock Issued During Period, Shares, New Issues (in Shares)

'

'

'

'

'

'

201,000,000

'

'

'

'

'

'

'

Business Combination, Acquisition Related Costs

'

'

'

'

'

'

'

'

'

'

'

'

3,300,000

7,800,000

Anticipated Merger Related Costs

'

'

'

'

'

'

'

'

'

$27,000,000

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)

'

'

1,175,075

1,175,075

'

679,714

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

'

'

'4 years

'

'4 years

'

'

'

'

'

'

'

'

'

Stockholders' Equity Note, Stock Split, Conversion Ratio

'

'

'

'

'

'

'

'

4

'

'

'

'

'

Common Stock, Shares, Outstanding (in Shares)

131,547,538

130,826,217

'

'

'

'

'

'

'

'

83,200,000

332,700,000

'

'

Note_12_Subsequent_Event_Detai1

Note 12 - Subsequent Event (Details) - Proforma Combined Total Revenue and Consolidated Net Income (Loss) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Proforma Combined Total Revenue and Consolidated Net Income (Loss) [Abstract]	'	'
Total Revenue	$176,705	$170,836
Consolidated net income (loss)	$1,584	($4,963)