Kite Realty Group Trust (KRG) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-32268
Entity Registrant Name	KITE REALTY GROUP TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	11-3715772
Entity Address, Address Line One	30 S. Meridian Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	577-5600
Title of 12(b) Security	Common Shares, $0.01 par value per share
Trading Symbol	KRG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		219,387,345
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001286043
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Kite Realty Group, L.P.
Entity Information [Line Items]
Entity File Number	333-202666-01
Entity Registrant Name	KITE REALTY GROUP, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1453863
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001636315

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - KRG Trust - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Investment properties, at cost	$ 7,708,408	$ 7,732,573
Less: accumulated depreciation	(1,311,064)	(1,161,148)
Net investment properties	6,397,344	6,571,425
Cash and cash equivalents	52,317	115,799
Tenant and other receivables, including accrued straight-line rent of $53,432 and $44,460, respectively	113,069	101,301
Restricted cash and escrow deposits	5,997	6,171
Deferred costs, net	324,649	409,828
Prepaid and other assets	134,615	127,044
Investments in unconsolidated subsidiaries	10,197	10,414
Assets associated with investment property held for sale	14,309	0
Total assets	7,052,497	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,868,828	3,010,299
Accounts payable and accrued expenses	198,454	207,792
Deferred revenue and other liabilities	279,960	298,039
Liabilities associated with investment property held for sale	586	0
Total liabilities	3,347,828	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	67,000	53,967
Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,387,345 and 219,185,658 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	2,194	2,192
Additional paid-in capital	4,891,105	4,897,736
Accumulated other comprehensive income	68,195	74,344
Accumulated deficit	(1,326,200)	(1,207,757)
Total shareholders’ equity/Partners’ equity	3,635,294	3,766,515
Noncontrolling interests	2,375	5,370
Total equity	3,637,669	3,771,885
Total liabilities and equity	$ 7,052,497	$ 7,341,982

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - KRG Trust - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accrued straight-line rent	$ 53,432	$ 44,460
Common shares, par value (in USD per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	490,000,000	490,000,000
Common shares, shares issued (in shares)	219,387,345	219,185,658
Common shares, shares outstanding (in shares)	219,387,345	219,185,658

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG Trust - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue:
Rental income	$ 203,990	$ 195,675	$ 612,889	$ 582,772
Total revenue	207,219	200,311	622,728	597,307
Expenses:
Property operating	27,644	25,507	82,190	77,558
Real estate taxes	26,453	25,703	80,333	80,445
General, administrative and other	13,917	14,859	41,800	41,977
Merger and acquisition costs	0	108	0	1,006
Depreciation and amortization	105,930	115,831	323,463	357,096
Impairment charges	477	0	477	0
Total expenses	174,421	182,008	528,263	558,082
(Loss) gain on sales of operating properties, net	(5,972)	0	22,468	27,126
Operating income	26,826	18,303	116,933	66,351
Interest expense	(25,484)	(26,226)	(78,114)	(77,449)
Income tax (expense) benefit of taxable REIT subsidiary	(68)	0	(84)	259
Equity in (loss) earnings of unconsolidated subsidiaries	(47)	144	(173)	(56)
Other income (expense), net	950	58	1,657	(207)
Net income (loss)	2,177	(7,721)	40,219	(11,102)
Net income attributable to noncontrolling interests	(107)	(116)	(700)	(408)
Net income (loss) attributable to common shareholders	$ 2,070	$ (7,837)	$ 39,519	$ (11,510)
Net income (loss) per common share
Net income (loss) per common share – basic (in USD per share)	$ 0.01	$ (0.04)	$ 0.18	$ (0.05)
Net income (loss) per common share – diluted (in USD per share)	$ 0.01	$ (0.04)	$ 0.18	$ (0.05)
Weighted average common shares outstanding - basic (in shares)	219,381,248	219,103,669	219,323,570	219,053,320
Weighted average common shares outstanding - diluted (in shares)	219,976,080	219,103,669	219,809,543	219,053,320
Net income (loss)	$ 2,177	$ (7,721)	$ 40,219	$ (11,102)
Change in fair value of derivatives	(3,040)	33,131	(6,043)	89,628
Total comprehensive (loss) income	(863)	25,410	34,176	78,526
Comprehensive income attributable to noncontrolling interests	(195)	(511)	(806)	(1,441)
Comprehensive (loss) income attributable to the Company	(1,058)	24,899	33,370	77,085
Other property-related revenue
Revenue:
Other revenue	2,172	3,013	5,971	7,932
Fee income
Revenue:
Other revenue	$ 1,057	$ 1,623	$ 3,868	$ 6,603

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - KRG Trust - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance at beginning of period (in shares) at Dec. 31, 2021		218,949,569
Balance at beginning of period at Dec. 31, 2021	$ 3,922,047	$ 2,189	$ 4,898,673	$ (15,902)	$ (962,913)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		93,334
Stock compensation activity	1,822	$ 1	1,821
Other comprehensive income (loss)	38,713			38,713
Distributions to common shareholders	(41,600)				(41,600)
Net income (loss) attributable to common shareholders	(16,804)				(16,804)
Adjustment to redeemable noncontrolling interests	(5,597)		(5,597)
Balance at end of period (in shares) at Mar. 31, 2022		219,042,903
Balance at end of period at Mar. 31, 2022	3,898,581	$ 2,190	4,894,897	22,811	(1,021,317)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		58,095
Stock compensation activity	2,851	$ 1	2,850
Other comprehensive income (loss)	17,146			17,146
Distributions to common shareholders	(43,808)				(43,808)
Net income (loss) attributable to common shareholders	13,131				13,131
Adjustment to redeemable noncontrolling interests	3,239		3,239
Balance at end of period (in shares) at Jun. 30, 2022		219,100,998
Balance at end of period at Jun. 30, 2022	3,891,140	$ 2,191	4,900,986	39,957	(1,051,994)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		(2,604)
Stock compensation activity	2,881		2,881
Other comprehensive income (loss)	32,736			32,736
Distributions to common shareholders	(46,014)				(46,014)
Net income (loss) attributable to common shareholders	(7,837)				(7,837)
Adjustment to redeemable noncontrolling interests	(94)		(94)
Balance at end of period (in shares) at Sep. 30, 2022		219,098,394
Balance at end of period at Sep. 30, 2022	$ 3,872,812	$ 2,191	4,903,773	72,693	(1,105,845)
Balance at beginning of period (in shares) at Dec. 31, 2022	219,185,658	219,185,658
Balance at beginning of period at Dec. 31, 2022	$ 3,766,515	$ 2,192	4,897,736	74,344	(1,207,757)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		140,240
Stock compensation activity	2,135	$ 1	2,134
Other comprehensive income (loss)	(11,557)			(11,557)
Distributions to common shareholders	(52,659)				(52,659)
Net income (loss) attributable to common shareholders	5,391				5,391
Adjustment to redeemable noncontrolling interests	(3,821)		(3,821)
Balance at end of period (in shares) at Mar. 31, 2023		219,325,898
Balance at end of period at Mar. 31, 2023	3,706,004	$ 2,193	4,896,049	62,787	(1,255,025)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		48,377
Stock compensation activity	2,960	$ 1	2,959
Other comprehensive income (loss)	8,536			8,536
Distributions to common shareholders	(52,650)				(52,650)
Net income (loss) attributable to common shareholders	32,058				32,058
Adjustment to redeemable noncontrolling interests	(4,101)		(4,101)
Balance at end of period (in shares) at Jun. 30, 2023		219,374,275
Balance at end of period at Jun. 30, 2023	3,692,807	$ 2,194	4,894,907	71,323	(1,275,617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		(91)
Stock compensation activity	2,968		2,968
Other comprehensive income (loss)	(3,128)			(3,128)
Distributions to common shareholders	(52,653)				(52,653)
Net income (loss) attributable to common shareholders	2,070				2,070
Exchange of redeemable noncontrolling interests for common shares (in shares)		13,161
Exchange of redeemable noncontrolling interests for common shares	301		301
Adjustment to redeemable noncontrolling interests	$ (7,071)		(7,071)
Balance at end of period (in shares) at Sep. 30, 2023	219,387,345	219,387,345
Balance at end of period at Sep. 30, 2023	$ 3,635,294	$ 2,194	$ 4,891,105	$ 68,195	$ (1,326,200)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - KRG Trust - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 40,219	$ (11,102)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	326,148	359,265
Gain on sales of operating properties, net	(22,468)	(27,126)
Impairment charges	477	0
Straight-line rent	(9,723)	(12,653)
Compensation expense for equity awards	7,763	8,209
Amortization of debt fair value adjustments	(10,027)	(10,204)
Amortization of in-place lease liabilities	(9,228)	(3,143)
Changes in assets and liabilities:
Tenant receivables	(2,104)	(7,021)
Deferred costs and other assets	(26,727)	(15,691)
Accounts payable, accrued expenses, deferred revenue and other liabilities	(3,153)	(18,105)
Net cash provided by operating activities	291,177	262,429
Cash flows from investing activities:
Acquisitions of interests in properties	(78,273)	(100,142)
Capital expenditures	(98,694)	(106,536)
Net proceeds from sales of land	917	3,680
Net proceeds from sales of operating properties	123,944	65,408
Investment in short-term deposits	0	125,000
Small business loan repayments	341	513
Change in construction payables	(3,718)	(2,636)
Distribution from unconsolidated joint venture	0	1,144
Capital contribution to unconsolidated joint venture	0	(125)
Net cash used in investing activities	(55,483)	(13,694)
Cash flows from financing activities:
Proceeds from issuance of common shares, net	64	20
Repurchases of common shares upon the vesting of restricted shares	(767)	(1,144)
Debt and equity issuance costs	(377)	(4,922)
Loan proceeds	332,095	445,000
Loan payments	(467,149)	(558,151)
Distributions paid – common shareholders	(157,893)	(131,422)
Distributions paid – redeemable noncontrolling interests	(2,127)	(1,972)
Distributions to noncontrolling interests	(3,196)	0
Net cash used in financing activities	(299,350)	(252,591)
Net change in cash, cash equivalents and restricted cash	(63,656)	(3,856)
Cash, cash equivalents and restricted cash, beginning of period	121,970	100,363
Cash, cash equivalents and restricted cash, end of period	58,314	96,507
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	$ 301	$ 0

Consolidated Balance Sheets (_3

Consolidated Balance Sheets (Unaudited) - KRG, LP - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Investment properties, at cost	$ 7,708,408	$ 7,732,573
Less: accumulated depreciation	(1,311,064)	(1,161,148)
Net investment properties	6,397,344	6,571,425
Cash and cash equivalents	52,317	115,799
Tenant and other receivables, including accrued straight-line rent of $53,432 and $44,460, respectively	113,069	101,301
Restricted cash and escrow deposits	5,997	6,171
Deferred costs, net	324,649	409,828
Prepaid and other assets	134,615	127,044
Investments in unconsolidated subsidiaries	10,197	10,414
Assets associated with investment property held for sale	14,309	0
Total assets	7,052,497	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,868,828	3,010,299
Accounts payable and accrued expenses	198,454	207,792
Deferred revenue and other liabilities	279,960	298,039
Liabilities associated with investment property held for sale	586	0
Total liabilities	3,347,828	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	67,000	53,967
Partners’ Equity:
Common equity, 219,387,345 and 219,185,658 units issued and outstanding at September 30, 2023 and December 31, 2022, respectively	2,194	2,192
Accumulated other comprehensive income	68,195	74,344
Total shareholders’ equity/Partners’ equity	3,635,294	3,766,515
Noncontrolling interests	2,375	5,370
Total equity	3,637,669	3,771,885
Total liabilities and equity	7,052,497	7,341,982
Kite Realty Group, L.P.
Assets:
Investment properties, at cost	7,708,408	7,732,573
Less: accumulated depreciation	(1,311,064)	(1,161,148)
Net investment properties	6,397,344	6,571,425
Cash and cash equivalents	52,317	115,799
Tenant and other receivables, including accrued straight-line rent of $53,432 and $44,460, respectively	113,069	101,301
Restricted cash and escrow deposits	5,997	6,171
Deferred costs, net	324,649	409,828
Prepaid and other assets	134,615	127,044
Investments in unconsolidated subsidiaries	10,197	10,414
Assets associated with investment property held for sale	14,309	0
Total assets	7,052,497	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,868,828	3,010,299
Accounts payable and accrued expenses	198,454	207,792
Deferred revenue and other liabilities	279,960	298,039
Liabilities associated with investment property held for sale	586	0
Total liabilities	3,347,828	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	67,000	53,967
Partners’ Equity:
Common equity, 219,387,345 and 219,185,658 units issued and outstanding at September 30, 2023 and December 31, 2022, respectively	3,567,099	3,692,171
Accumulated other comprehensive income	68,195	74,344
Total shareholders’ equity/Partners’ equity	3,635,294	3,766,515
Noncontrolling interests	2,375	5,370
Total equity	3,637,669	3,771,885
Total liabilities and equity	$ 7,052,497	$ 7,341,982

Consolidated Balance Sheets (_4

Consolidated Balance Sheets (Unaudited) (Parenthetical) - KRG, LP - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accrued straight-line rent	$ 53,432	$ 44,460
Common shares, shares issued (in shares)	219,387,345	219,185,658
Common shares, shares outstanding (in shares)	219,387,345	219,185,658
Kite Realty Group, L.P.
Accrued straight-line rent	$ 53,432	$ 44,460
Common shares, shares issued (in shares)	219,387,345	219,185,658
Common shares, shares outstanding (in shares)	219,387,345	219,185,658

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG, LP - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue:
Rental income	$ 203,990	$ 195,675	$ 612,889	$ 582,772
Total revenue	207,219	200,311	622,728	597,307
Expenses:
Property operating	27,644	25,507	82,190	77,558
Real estate taxes	26,453	25,703	80,333	80,445
General, administrative and other	13,917	14,859	41,800	41,977
Merger and acquisition costs	0	108	0	1,006
Depreciation and amortization	105,930	115,831	323,463	357,096
Impairment charges	477	0	477	0
Total expenses	174,421	182,008	528,263	558,082
(Loss) gain on sales of operating properties, net	(5,972)	0	22,468	27,126
Operating income	26,826	18,303	116,933	66,351
Interest expense	(25,484)	(26,226)	(78,114)	(77,449)
Income tax (expense) benefit of taxable REIT subsidiary	(68)	0	(84)	259
Equity in (loss) earnings of unconsolidated subsidiaries	(47)	144	(173)	(56)
Other income (expense), net	950	58	1,657	(207)
Net income (loss)	2,177	(7,721)	40,219	(11,102)
Net income attributable to noncontrolling interests	(107)	(116)	(700)	(408)
Net income (loss) attributable to common shareholders	$ 2,070	$ (7,837)	$ 39,519	$ (11,510)
Net income (loss) per common share
Net income (loss) per common unit – basic (in USD per share)	$ 0.01	$ (0.04)	$ 0.18	$ (0.05)
Net income (loss) per common unit – diluted (in USD per share)	$ 0.01	$ (0.04)	$ 0.18	$ (0.05)
Weighted average common units outstanding – basic (in shares)	219,381,248	219,103,669	219,323,570	219,053,320
Weighted average common units outstanding – diluted (in shares)	219,976,080	219,103,669	219,809,543	219,053,320
Net income (loss)	$ 2,177	$ (7,721)	$ 40,219	$ (11,102)
Change in fair value of derivatives	(3,040)	33,131	(6,043)	89,628
Total comprehensive (loss) income	(863)	25,410	34,176	78,526
Comprehensive income attributable to noncontrolling interests	(195)	(511)	(806)	(1,441)
Comprehensive (loss) income attributable to the Company	(1,058)	24,899	33,370	77,085
Other property-related revenue
Revenue:
Other revenue	2,172	3,013	5,971	7,932
Fee income
Revenue:
Other revenue	1,057	1,623	3,868	6,603
Kite Realty Group, L.P.
Revenue:
Rental income	203,990	195,675	612,889	582,772
Total revenue	207,219	200,311	622,728	597,307
Expenses:
Property operating	27,644	25,507	82,190	77,558
Real estate taxes	26,453	25,703	80,333	80,445
General, administrative and other	13,917	14,859	41,800	41,977
Merger and acquisition costs	0	108	0	1,006
Depreciation and amortization	105,930	115,831	323,463	357,096
Impairment charges	477	0	477	0
Total expenses	174,421	182,008	528,263	558,082
(Loss) gain on sales of operating properties, net	(5,972)	0	22,468	27,126
Operating income	26,826	18,303	116,933	66,351
Interest expense	(25,484)	(26,226)	(78,114)	(77,449)
Income tax (expense) benefit of taxable REIT subsidiary	(68)	0	(84)	259
Equity in (loss) earnings of unconsolidated subsidiaries	(47)	144	(173)	(56)
Other income (expense), net	950	58	1,657	(207)
Net income (loss)	2,177	(7,721)	40,219	(11,102)
Net income attributable to noncontrolling interests	(67)	(209)	(201)	(535)
Net income (loss) attributable to common shareholders	2,110	(7,930)	40,018	(11,637)
Allocation of net income (loss):
Limited Partners	40	(93)	499	(127)
Parent Company	$ 2,070	$ (7,837)	$ 39,519	$ (11,510)
Net income (loss) per common share
Net income (loss) per common unit – basic (in USD per share)	$ 0.01	$ (0.04)	$ 0.18	$ (0.05)
Net income (loss) per common unit – diluted (in USD per share)	$ 0.01	$ (0.04)	$ 0.18	$ (0.05)
Weighted average common units outstanding – basic (in shares)	222,649,706	222,059,366	222,409,769	221,791,428
Weighted average common units outstanding – diluted (in shares)	223,244,538	222,059,366	222,895,742	221,791,428
Net income (loss)	$ 2,177	$ (7,721)	$ 40,219	$ (11,102)
Change in fair value of derivatives	(3,040)	33,131	(6,043)	89,628
Total comprehensive (loss) income	(863)	25,410	34,176	78,526
Comprehensive income attributable to noncontrolling interests	(67)	(209)	(201)	(535)
Comprehensive (loss) income attributable to the Company	(930)	25,201	33,975	77,991
Kite Realty Group, L.P. | Other property-related revenue
Revenue:
Other revenue	2,172	3,013	5,971	7,932
Kite Realty Group, L.P. | Fee income
Revenue:
Other revenue	$ 1,057	$ 1,623	$ 3,868	$ 6,603

Consolidated Statements of Part

Consolidated Statements of Partners' Equity (Unaudited) - KRG, LP - USD ($) $ in Thousands	Total	Kite Realty Group, L.P.	Kite Realty Group, L.P. General Partner Common Equity	Kite Realty Group, L.P. General Partner Accumulated Other Comprehensive Income (Loss)
Partners' capital, balance at beginning of period at Dec. 31, 2021		$ 3,922,047	$ 3,937,949	$ (15,902)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		1,822	1,822
Other comprehensive income (loss) attributable to Parent Company	$ 38,713	38,713		38,713
Distributions to Parent Company		(41,600)	(41,600)
Net income (loss) attributable to Parent Company	(16,804)	(16,804)	(16,804)
Adjustment to redeemable noncontrolling interests		(5,597)	(5,597)
Partners' capital, balance at end of period at Mar. 31, 2022		3,898,581	3,875,770	22,811
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		2,851	2,851
Other comprehensive income (loss) attributable to Parent Company	17,146	17,146		17,146
Distributions to Parent Company		(43,808)	(43,808)
Net income (loss) attributable to Parent Company	13,131	13,131	13,131
Adjustment to redeemable noncontrolling interests		3,239	3,239
Partners' capital, balance at end of period at Jun. 30, 2022		3,891,140	3,851,183	39,957
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		2,881	2,881
Other comprehensive income (loss) attributable to Parent Company	32,736	32,736		32,736
Distributions to Parent Company		(46,014)	(46,014)
Net income (loss) attributable to Parent Company	(7,837)	(7,837)	(7,837)
Adjustment to redeemable noncontrolling interests		(94)	(94)
Partners' capital, balance at end of period at Sep. 30, 2022		3,872,812	3,800,119	72,693
Partners' capital, balance at beginning of period at Dec. 31, 2022		3,766,515	3,692,171	74,344
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		2,135	2,135
Other comprehensive income (loss) attributable to Parent Company	(11,557)	(11,557)		(11,557)
Distributions to Parent Company		(52,659)	(52,659)
Net income (loss) attributable to Parent Company	5,391	5,391	5,391
Adjustment to redeemable noncontrolling interests		(3,821)	(3,821)
Partners' capital, balance at end of period at Mar. 31, 2023		3,706,004	3,643,217	62,787
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		2,960	2,960
Other comprehensive income (loss) attributable to Parent Company	8,536	8,536		8,536
Distributions to Parent Company		(52,650)	(52,650)
Net income (loss) attributable to Parent Company	32,058	32,058	32,058
Adjustment to redeemable noncontrolling interests		(4,101)	(4,101)
Partners' capital, balance at end of period at Jun. 30, 2023		3,692,807	3,621,484	71,323
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		2,968	2,968
Other comprehensive income (loss) attributable to Parent Company	(3,128)	(3,128)		(3,128)
Distributions to Parent Company		(52,653)	(52,653)
Net income (loss) attributable to Parent Company	$ 2,070	2,070	2,070
Conversion of Limited Partner Units to shares of the Parent Company		301	301
Adjustment to redeemable noncontrolling interests		(7,071)	(7,071)
Partners' capital, balance at end of period at Sep. 30, 2023		$ 3,635,294	$ 3,567,099	$ 68,195

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) - KRG, LP - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 40,219	$ (11,102)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	326,148	359,265
Gain on sales of operating properties, net	(22,468)	(27,126)
Impairment charges	477	0
Straight-line rent	(9,723)	(12,653)
Compensation expense for equity awards	7,763	8,209
Amortization of debt fair value adjustments	(10,027)	(10,204)
Amortization of in-place lease liabilities	(9,228)	(3,143)
Changes in assets and liabilities:
Tenant receivables	(2,104)	(7,021)
Deferred costs and other assets	(26,727)	(15,691)
Accounts payable, accrued expenses, deferred revenue and other liabilities	(3,153)	(18,105)
Net cash provided by operating activities	291,177	262,429
Cash flows from investing activities:
Acquisitions of interests in properties	(78,273)	(100,142)
Capital expenditures	(98,694)	(106,536)
Net proceeds from sales of land	917	3,680
Net proceeds from sales of operating properties	123,944	65,408
Investment in short-term deposits	0	125,000
Small business loan repayments	341	513
Change in construction payables	(3,718)	(2,636)
Distribution from unconsolidated joint venture	0	1,144
Capital contribution to unconsolidated joint venture	0	(125)
Net cash used in investing activities	(55,483)	(13,694)
Cash flows from financing activities:
Contributions from the General Partner	64	20
Repurchases of common shares upon the vesting of restricted shares	(767)	(1,144)
Debt and equity issuance costs	(377)	(4,922)
Loan proceeds	332,095	445,000
Loan payments	(467,149)	(558,151)
Distributions paid – common shareholders	(157,893)	(131,422)
Distributions paid – redeemable noncontrolling interests	(2,127)	(1,972)
Distributions to noncontrolling interests	(3,196)	0
Net cash used in financing activities	(299,350)	(252,591)
Net change in cash, cash equivalents and restricted cash	(63,656)	(3,856)
Cash, cash equivalents and restricted cash, beginning of period	121,970	100,363
Cash, cash equivalents and restricted cash, end of period	58,314	96,507
Non-cash investing and financing activities
Conversion of Limited Partner Units to shares of the Parent Company	301	0
Kite Realty Group, L.P.
Cash flows from operating activities:
Net income (loss)	40,219	(11,102)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	326,148	359,265
Gain on sales of operating properties, net	(22,468)	(27,126)
Impairment charges	477	0
Straight-line rent	(9,723)	(12,653)
Compensation expense for equity awards	7,763	8,209
Amortization of debt fair value adjustments	(10,027)	(10,204)
Amortization of in-place lease liabilities	(9,228)	(3,143)
Changes in assets and liabilities:
Tenant receivables	(2,104)	(7,021)
Deferred costs and other assets	(26,727)	(15,691)
Accounts payable, accrued expenses, deferred revenue and other liabilities	(3,153)	(18,105)
Net cash provided by operating activities	291,177	262,429
Cash flows from investing activities:
Acquisitions of interests in properties	(78,273)	(100,142)
Capital expenditures	(98,694)	(106,536)
Net proceeds from sales of land	917	3,680
Net proceeds from sales of operating properties	123,944	65,408
Investment in short-term deposits	0	125,000
Small business loan repayments	341	513
Change in construction payables	(3,718)	(2,636)
Distribution from unconsolidated joint venture	0	1,144
Net cash used in investing activities	(55,483)	(13,694)
Cash flows from financing activities:
Contributions from the General Partner	64	20
Repurchases of common shares upon the vesting of restricted shares	(767)	(1,144)
Debt and equity issuance costs	(377)	(4,922)
Loan proceeds	332,095	445,000
Loan payments	(467,149)	(558,151)
Distributions paid – common shareholders	(157,893)	(131,422)
Distributions paid – redeemable noncontrolling interests	(2,127)	(1,972)
Distributions to noncontrolling interests	(3,196)	0
Net cash used in financing activities	(299,350)	(252,591)
Net change in cash, cash equivalents and restricted cash	(63,656)	(3,856)
Cash, cash equivalents and restricted cash, beginning of period	121,970	100,363
Cash, cash equivalents and restricted cash, end of period	58,314	96,507
Non-cash investing and financing activities
Conversion of Limited Partner Units to shares of the Parent Company	$ 301	$ 0

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Kite Realty Group Trust (the “Parent Company”), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of high-quality, open-air shopping centers and mixed-use assets in select markets in the United States. The terms “Company,” “we,” “us,” and “our” refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership. The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (“REIT”) under provisions of the Internal Revenue Code of 1986, as amended. The Parent Company is the sole general partner of the Operating Partnership, and as of September 30, 2023 owned approximately 98.5% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.5% of the common partnership interests (“Limited Partner Units” and, together with the General Partner Units, the “Common Units”) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership. The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“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 consolidated financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 include all adjustments, consisting of normal recurring adjustments, necessary in the opinion of management to present fairly the financial information set forth therein. The unaudited 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 combined Annual Report on Form 10-K of the Parent Company and the Operating Partnership for the year ended December 31, 2022. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues 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. As of September 30, 2023, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 180 28,290,147 Office properties 1 287,291 Development and redevelopment projects: Carillon medical office building 1 126,000 The Corner (IN) 1 24,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of September 30, 2023. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Components of Investment Properties The following table summarizes the composition of the Company’s investment properties as of September 30, 2023 and December 31, 2022 (in thousands) : Balance as of September 30, 2023 December 31, 2022 Land, buildings and improvements $ 7,643,839 $ 7,656,765 Construction in progress 64,569 75,808 Investment properties, at cost $ 7,708,408 $ 7,732,573 Components of Rental Income including Allowance for Uncollectible Accounts Rental income related to the Company’s operating leases is comprised of the following for the three and nine months ended September 30, 2023 and 2022 (in thousands) : Three Months Ended Nine Months Ended 2023 2022 2023 2022 Fixed contractual lease payments – operating leases $ 159,491 $ 155,399 $ 478,215 $ 457,875 Variable lease payments – operating leases 38,100 36,636 117,730 112,725 Bad debt reserve (219) (1,882) (2,007) (3,624) Straight-line rent adjustments 3,132 4,328 9,900 12,951 Straight-line rent reserve for uncollectibility (367) (34) (177) (298) Amortization of in-place lease liabilities, net 3,853 1,228 9,228 3,143 Rental income $ 203,990 $ 195,675 $ 612,889 $ 582,772 The Company makes estimates as to the collectability of its accounts receivable. In making these estimates, the Company reviews a variety of qualitative and quantitative data and considers such facts as the credit quality of our customer, historical write-off experience and current economic trends, to make a subjective determination. An allowance for uncollectible accounts, including future credit losses of the accrued straight-line rent receivables, is maintained for estimated losses resulting from the inability of certain tenants to meet contractual obligations under their lease agreements. Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. As of September 30, 2023, we owned investments in two consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of September 30, 2023, these consolidated VIEs had mortgage debt of $112.7 million, which were secured by assets of the VIEs totaling $217.6 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary. Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal income tax on its undistributed REIT taxable income at regular corporate income tax rates. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates for a period of four years following the year in which qualification is lost. Additionally, we may also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the nondeductible 1% excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the merger with Retail Properties of America, Inc. (“RPAI”) in October 2021, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs. Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the nine months ended September 30, 2023 and 2022 (in thousands) : Nine Months Ended September 30, 2023 2022 Noncontrolling interests balance as of January 1, $ 5,370 $ 5,146 Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests 201 139 Distributions to noncontrolling interests (3,196) — Noncontrolling interests balance as of September 30, $ 2,375 $ 5,285 Noncontrolling Interests – Joint Venture Prior to the merger with RPAI, RPAI entered into a joint venture related to the development, ownership and operation of the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H. The Company owns 90% of the joint venture. During the nine months ended September 30, 2023, the Company originated a 10-year $95.1 million mortgage payable at a fixed interest rate of 5.36% secured by the joint venture project. In conjunction with the loan origination, the joint venture’s construction loan was repaid. Under terms defined in the joint venture agreement, after construction completion and stabilization of the development project (as defined in the joint venture agreement), the Company has the ability to call, and the joint venture partner has the ability to put to the Company, subject to certain conditions, the joint venture partner’s interest in the joint venture at fair value. As of September 30, 2023, these conditions for exercising the put and call options have been met but neither the Company nor the joint venture partner has exercised their respective options. The joint venture is considered a VIE primarily because the Company’s joint venture partner does not have substantive kick-out rights or substantive participating rights. The Company is considered the primary beneficiary as it has a controlling financial interest in the joint venture. As such, the Company has consolidated this joint venture and presented the joint venture partner’s interests as noncontrolling interests. Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. 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 holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. As of September 30, 2023 and December 31, 2022, the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balances were accordingly adjusted to redemption value. We allocate net operating results of the Operating Partnership after noncontrolling interests 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 reporting period to reflect their interests in the Operating Partnership or redemption value. This adjustment is reflected in our shareholders’ and Parent Company’s equity. For the three and nine months ended September 30, 2023 and 2022, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Parent Company’s weighted average interest in Operating Partnership 98.5 % 98.7 % 98.6 % 98.8 % Limited partners’ weighted average interests in Operating Partnership 1.5 % 1.3 % 1.4 % 1.2 % As of September 30, 2023, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.5% and 1.5%. As of December 31, 2022, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.7% and 1.3%. Concurrent with the Parent Company’s initial public offering and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company’s election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 3,434,881 and 2,870,697 Limited Partner Units outstanding as of September 30, 2023 and December 31, 2022, respectively. The increase in Limited Partner Units outstanding from December 31, 2022 is due to non-cash compensation awards granted to our executive officers in the form of Limited Partner Units and the exercise of previously granted Appreciation Only Long-Term Incentive Plan (“AO LTIP”) Units in exchange for Limited Partner Units. Redeemable Noncontrolling Interests – Subsidiaries Prior to the merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. As of September 30, 2022, the Class B units related to one of these joint ventures that owned Crossing at Killingly Commons, our multi-tenant retail property in Dayville, Connecticut, were outstanding and accounted for as noncontrolling interests in the remaining venture. In October 2022, the remaining Class B units became redeemable at the partner’s election and the fulfillment of certain redemption criteria for cash or Limited Partner Units in the Operating Partnership. In October 2022, we received notice from our joint venture partner of its exercise of their right to redeem the remaining Class B units for cash in the amount of $9.7 million, which redemption was funded using cash on October 3, 2022. Prior to the redemption, the Class B units did not have a maturity date and were not mandatorily redeemable unless either party had elected for the units to be redeemed. Prior to the redemption, we consolidated this joint venture because we controlled the decision-making and our joint venture partner had limited protective rights. Prior to the redemption, we classified the redeemable noncontrolling interests related to the remaining Class B units in the accompanying consolidated balance sheets outside of permanent equity because, under certain circumstances, we could have been required to pay cash to the Class B unitholders in this subsidiary upon redemption of their interests. The carrying amount of these redeemable noncontrolling interests is required to be reflected at the greater of initial book value or redemption value with a corresponding adjustment to additional paid-in capital. As of September 30, 2022, the redemption amounts of these interests did not exceed their fair value nor did they exceed the initial book value. The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the nine months ended September 30, 2023 and 2022 were as follows (in thousands) : Nine Months Ended September 30, 2023 2022 Redeemable noncontrolling interests balance as of January 1, $ 53,967 $ 55,173 Net income allocable to redeemable noncontrolling interests 499 269 Distributions declared to redeemable noncontrolling interests (2,281) (1,972) Other, net including adjustments to redemption value 14,815 3,484 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of September 30, $ 67,000 $ 56,954 Limited partners’ interests in the Operating Partnership $ 67,000 $ 46,884 Other redeemable noncontrolling interests in certain subsidiaries — 10,070 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of September 30, $ 67,000 $ 56,954 Fair Value Measurements We follow the framework established under Financial Accounting Standards Board ASC 820, Fair Value Measurements and Disclosures , for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuation. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. 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. Effects of Accounting Pronouncements Any recently issued accounting standards or pronouncements have been excluded as they are either not relevant to the Company or are not expected to have a material impact on the Company’s consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS The Company closed on the following asset acquisition during the nine months ended September 30, 2023 (dollars in thousands) : Date Property Name Metropolitan Property Type Square Acquisition September 22, 2023 Prestonwood Place Dallas Multi-tenant retail 155,975 $ 81,000 The Company closed on the following asset acquisitions during the nine months ended September 30, 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Acquisition February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770 The above acquisitions were funded using a combination of available cash on hand and proceeds from the Company’s unsecured revolving line of credit. Substantially all of the purchase price was allocated to investment properties.

DISPOSITIONS AND IMPAIRMENT CHA

DISPOSITIONS AND IMPAIRMENT CHARGES	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS AND IMPAIRMENT CHARGES	DISPOSITIONS AND IMPAIRMENT CHARGES The Company closed on the following dispositions during the nine months ended September 30, 2023 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) May 8, 2023 Kingwood Commons Houston Multi-tenant retail 158,172 $ 27,350 $ 4,736 June 8, 2023 Pan Am Plaza & Garage Indianapolis Land & garage — 52,025 23,635 September 11, 2023 Reisterstown Road Plaza Dallas Multi-tenant retail 376,683 48,250 (5,903) 534,855 $ 127,625 $ 22,468 The Company closed on the following dispositions during the nine months ended September 30, 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment (1) — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (2) 100,016 58,650 23,958 100,016 $ 65,550 $ 27,126 (1) We sold a portion of the redevelopment at Hamilton Crossing Centre. (2) Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. As of September 30, 2023, the Company had entered into a contract to sell Eastside, a 43,640 square foot multi-tenant retail property located in the Dallas MSA. This property qualified for held-for-sale accounting treatment upon meeting all applicable GAAP criteria during the quarter ended September 30, 2023, at which time depreciation and amortization ceased. In addition, the assets and liabilities associated with this property are separately classified as held for sale in the accompanying consolidated balance sheet as of September 30, 2023. No properties qualified for held-for-sale accounting treatment as of December 31, 2022. As of September 30, 2023, in conjunction with classifying Eastside as held for sale, the Company recorded the asset at the lower of cost or fair value less estimated costs to sell, which was approximately $14.1 million. The estimated fair value of Eastside was based upon the expected sales price from an executed sales contract and determined to be a Level 3 input within the fair value hierarchy. As a result, we recorded a $0.5 million impairment charge during the three months ended September 30, 2023. Eastside was sold on October 24, 2023 for a gross sales price of $14.4 million. The following table presents the assets and liabilities associated with the investment property, Eastside, classified as held for sale as of September 30, 2023 (in thousands) : September 30, 2023 Assets Investment properties, at cost $ 15,016 Less: accumulated depreciation (1,218) Net investment properties 13,798 Tenant and other receivables 100 Deferred costs, net 411 Assets associated with investment property held for sale $ 14,309 Liabilities Accounts payable and accrued expenses $ 398 Deferred revenue and other liabilities 188 Liabilities associated with investment property held for sale $ 586 There were no discontinued operations for the nine months ended September 30, 2023 and 2022 as none of the dispositions represented a strategic shift that has had, or will have, a material effect on our operations or financial results.

DEFERRED COSTS AND INTANGIBLES,

DEFERRED COSTS AND INTANGIBLES, NET	9 Months Ended
	Sep. 30, 2023
Deferred Costs [Abstract]
DEFERRED COSTS AND INTANGIBLES, NET	DEFERRED COSTS AND INTANGIBLES, NET Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized internal commissions incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. As of September 30, 2023 and December 31, 2022, deferred costs consisted of the following (in thousands) : September 30, 2023 December 31, 2022 Acquired lease intangible assets $ 450,740 $ 522,152 Deferred leasing costs and other 71,754 66,842 522,494 588,994 Less: accumulated amortization (197,434) (179,166) $ 325,060 $ 409,828 Less: deferred costs associated with investment property held for sale (411) — Total $ 324,649 $ 409,828 Amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Nine Months Ended September 30, 2023 2022 Amortization of deferred leasing costs, lease intangibles and other $ 83,768 $ 117,177 Amortization of above-market lease intangibles $ 9,305 $ 10,161

DEFERRED REVENUE, INTANGIBLES,

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	9 Months Ended
	Sep. 30, 2023
Other Liabilities Disclosure [Abstract]
DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES Deferred revenue and other liabilities consist of (i) the unamortized fair value of below-market lease liabilities recorded in connection with purchase accounting, (ii) retainage payables for development and redevelopment projects, (iii) tenant rent payments received in advance of the month in which they are due, and (iv) lease liabilities recorded upon adoption of ASU 2016-02, Leases (Topic 842) . The amortization of below-market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below-market renewal options) through 2085. Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt. As of September 30, 2023 and December 31, 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : September 30, 2023 December 31, 2022 Unamortized in-place lease liabilities $ 167,390 $ 188,815 Retainages payable and other 12,005 12,110 Tenant rents received in advance 31,392 29,947 Lease liabilities 69,361 67,167 $ 280,148 $ 298,039 Less: deferred revenue associated with investment property held for sale (188) — Total $ 279,960 $ 298,039 The amortization of below-market lease intangibles is included as a component of “Rental income” in the accompanying consolidated statements of operations and comprehensive income and totaled $18.5 million and $13.3 million for the nine months ended September 30, 2023 and 2022, respectively.

MORTGAGE AND OTHER INDEBTEDNESS

MORTGAGE AND OTHER INDEBTEDNESS	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
MORTGAGE AND OTHER INDEBTEDNESS	MORTGAGE AND OTHER INDEBTEDNESS The following table summarizes the Company’s indebtedness as of September 30, 2023 and December 31, 2022 (in thousands) : September 30, 2023 December 31, 2022 Mortgages payable $ 154,567 $ 233,621 Senior unsecured notes 1,829,635 1,924,635 Unsecured term loans 820,000 820,000 Unsecured revolving line of credit 39,000 — 2,843,202 2,978,256 Unamortized discounts and premiums, net 35,721 44,362 Unamortized debt issuance costs, net (10,095) (12,319) Total mortgage and other indebtedness, net $ 2,868,828 $ 3,010,299 Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of September 30, 2023, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Average Years Fixed rate debt (1) $ 2,631,602 93 % 4.01 % 4.2 Variable rate debt (2) 211,600 7 % 8.58 % 3.1 Debt discounts, premiums and issuance costs, net 25,626 N/A N/A N/A Total $ 2,868,828 100 % 4.35 % 4.1 (1) Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of September 30, 2023, $820.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 1.9 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of September 30, 2023, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 1.9 years. Mortgages Payable The following table summarizes the Company’s mortgages payable (dollars in thousands) : September 30, 2023 December 31, 2022 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 136,967 5.09 % 8.3 $ 205,328 3.98 % 1.4 Variable rate mortgage payable (2) 17,600 7.54 % 3.8 28,293 5.96 % 0.6 Total mortgages payable $ 154,567 $ 233,621 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of September 30, 2023 and December 31, 2022. (2) During the three months ended September 30, 2023, the interest rate on the variable rate mortgage increased to Bloomberg Short Term Bank Yield Index (“BSBY”) plus 215 basis points from BSBY plus 160 basis points in conjunction with the July 2023 amendment of the loan agreement. The one-month BSBY rate was 5.39% and 4.36% as of September 30, 2023 and December 31, 2022, respectively. Mortgages payable, which are secured by certain real estate and, in some cases, by guarantees from the Operating Partnership, are generally due in monthly installments of principal and interest and mature over various terms through 2033. During the nine months ended September 30, 2023, we (i) originated a 10-year $95.1 million mortgage payable at a fixed interest rate of 5.36% secured by the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H, (ii) amended the loan agreement on the variable rate mortgage secured by Delray Marketplace to extend the maturity date to August 4, 2026, with a one-year extension option, and made a $9.9 million paydown of the principal balance using available cash on hand, (iii) repaid mortgages payable totaling $161.5 million that had a weighted average fixed interest rate of 3.85%, and (iv) made scheduled principal payments of $2.7 million related to amortizing loans. Unsecured Notes The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : September 30, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ — — % $ 95,000 4.23 % Senior notes – 4.58% due 2024 June 30, 2024 149,635 4.58 % 149,635 4.58 % Senior notes – 4.00% due 2025 March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – SOFR + 3.65% due 2025 (1) September 10, 2025 80,000 9.17 % 80,000 8.41 % Senior notes – 4.08% due 2026 September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – SOFR + 3.75% due 2027 (2) September 10, 2027 75,000 9.27 % 75,000 8.51 % Senior notes – 4.24% due 2028 December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 September 15, 2030 400,000 4.75 % 400,000 4.75 % Total senior unsecured notes $ 1,829,635 $ 1,924,635 (1) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of September 30, 2023, $80,000 of 4.47% senior unsecured notes has been swapped to a variable rate of three-month Secured Overnight Financing Rate (“SOFR”) plus 3.65% through September 10, 2025. As of December 31, 2022, $80,000 of 4.47% senior unsecured notes had been swapped to a variable rate of three-month London Interbank Offered Rate (“LIBOR”) plus 3.65%. (2) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of September 30, 2023, $75,000 of 4.57% senior unsecured notes has been swapped to a variable rate of three-month SOFR plus 3.75% through September 10, 2025. As of December 31, 2022, $75,000 of 4.57% senior unsecured notes had been swapped to a variable rate of three-month LIBOR plus 3.75%. During the three months ended September 30, 2023, the Company repaid the $95.0 million principal balance of the 4.23% senior unsecured notes due 2023 using available cash on hand. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : September 30, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2024 – fixed rate (1) July 17, 2024 $ 120,000 2.68 % $ 120,000 2.68 % Unsecured term loan due 2025 – fixed rate (2) October 24, 2025 250,000 5.09 % 250,000 5.09 % Unsecured term loan due 2026 – fixed rate (3) July 17, 2026 150,000 2.73 % 150,000 2.73 % Unsecured term loan due 2029 – fixed rate (4) July 29, 2029 300,000 4.05 % 300,000 4.05 % Total unsecured term loans $ 820,000 $ 820,000 Unsecured credit facility revolving line of credit – variable rate (5) January 8, 2026 $ 39,000 6.51 % $ — 5.56 % (1) $120,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.58% plus a credit spread based on a ratings grid ranging from 0.80% to 1.65% through July 17, 2024. The applicable credit spread was 1.10% as of September 30, 2023 and December 31, 2022. (2) $250,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. The maturity date of the term loan may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. (3) $150,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.68% plus a credit spread based on a ratings grid ranging from 0.75% to 1.60% through July 17, 2026. The applicable credit spread was 1.05% as of September 30, 2023 and December 31, 2022. (4) $300,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 2.70% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through November 22, 2023. The applicable credit spread was 1.35% as of September 30, 2023 and December 31, 2022. (5) The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. Unsecured Revolving Credit Facility In July 2022, the Operating Partnership, as borrower, and the Company entered into the Second Amendment (the “Second Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 8, 2021 (as amended, the “Credit Agreement”) with a syndicate of financial institutions to provide for an unsecured revolving credit facility aggregating $1.1 billion (the “Revolving Facility”) and a seven-year $300.0 million unsecured term loan (the “$300M Term Loan”). Under the Second Amendment, the Operating Partnership has the option, subject to certain customary conditions, to increase the Revolving Facility and/or incur additional term loans in an aggregate amount for all such increases and additional loans of up to $600.0 million, for a total facility amount of up to $2.0 billion. The Revolving Facility has a scheduled maturity date of January 8, 2026, which maturity date may be extended for up to two additional periods of six months at the Operating Partnership’s option, subject to certain conditions. Borrowings under the Revolving Facility bear interest at a rate per annum equal to SOFR plus a margin based on the Operating Partnership’s leverage ratio or credit rating, respectively, plus a facility fee based on the Operating Partnership’s leverage ratio or credit rating, respectively. The SOFR rate is also subject to an additional 0.10% spread adjustment as specified in the Second Amendment. The Revolving Facility is currently priced on the leverage-based pricing grid. In accordance with the Credit Agreement, the credit spread set forth in the leverage grid resets quarterly based on the Company’s leverage, as calculated at the previous quarter end. The Company may irrevocably elect to convert to the ratings-based pricing grid at any time. As of September 30, 2023, making such an election would have resulted in a lower interest rate; however, the Company had not made the election to convert to the ratings-based pricing grid. The Credit Agreement includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. The following table summarizes the key terms of the Revolving Facility as of September 30, 2023 (dollars in thousands) : Leverage-Based Pricing Investment Grade Pricing Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR Adjustment $1,100,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% 0.10% The Operating Partnership’s ability to borrow under the Credit Agreement is subject to ongoing compliance by the Operating Partnership and its subsidiaries with various restrictive covenants, including with respect to liens, transactions with affiliates, dividends, mergers and asset sales. In addition, the Credit Agreement requires that the Operating Partnership satisfy certain financial covenants, including (i) a maximum leverage ratio; (ii) a minimum fixed charge coverage ratio; (iii) a maximum secured indebtedness ratio; (iv) a maximum unsecured leverage ratio; and (v) a minimum unencumbered interest coverage ratio. As of September 30, 2023, we were in compliance with all such covenants. As of September 30, 2023, we had letters of credit outstanding totaling $0.3 million, against which no amounts were advanced as of September 30, 2023. Unsecured Term Loans As of September 30, 2023, the Operating Partnership has the following unsecured term loans: (i) a $120.0 million unsecured term loan due July 2024 (the “$120M Term Loan”), (ii) a $250.0 million unsecured term loan due October 2025 (the “$250M Term Loan”), (iii) a $150.0 million unsecured term loan due July 2026 (the “$150M Term Loan”), and (iv) the $300M Term Loan that matures in July 2029, each of which bears interest at a rate of SOFR plus a credit spread. The $120M Term Loan, $150M Term Loan and $300M Term Loan are each priced on a ratings-based pricing grid while the $250M Term Loan is priced on a leverage-based pricing grid. The agreements related to the $150M Term Loan and $300M Term Loan include a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth in each agreement. The following table summarizes the key terms of the unsecured term loans as of September 30, 2023 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing SOFR Adjustment $120,000 unsecured term loan due 2024 7/17/2024 1.20% – 1.70% 0.80% – 1.65% 0.10% $250,000 unsecured term loan due 2025 10/24/2025 (1) 2.00% – 2.55% 2.00% – 2.50% 0.10% $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) The maturity date may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. Under the agreement related to the $120M Term Loan and the $150M Term Loan, the Operating Partnership has the option to increase each of the term loans to $250.0 million upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay each of the $120M Term Loan and $150M Term Loan, in whole or in part, at any time without being subject to a prepayment fee. The Operating Partnership has the option to increase the $250M Term Loan to $300.0 million, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay the $250M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before October 25, 2023. The Operating Partnership is permitted to prepay the $300M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before July 29, 2024. The unsecured term loan agreements contain representations, financial and other affirmative and negative covenants and events of default that are substantially similar to those contained in the Credit Agreement. The unsecured term loan agreements all rank pari passu with the Operating Partnership’s Revolving Facility and other unsecured indebtedness of the Operating Partnership. Debt Issuance Costs Debt issuance costs are amortized over the terms of the respective loan agreements. The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income (in thousands) : Nine Months Ended September 30, 2023 2022 Amortization of debt issuance costs $ 2,685 $ 2,169 Fair Value of Fixed and Variable Rate Debt As of September 30, 2023, the estimated fair value of fixed rate debt was $1.8 billion compared to the book value of $2.0 billion. 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 6.22% to 8.20%. As of September 30, 2023, the estimated fair value of variable rate debt was $880.2 million compared to the book value of $876.6 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 6.47% to 7.42%.

DERIVATIVE INSTRUMENTS, HEDGING

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOMEIn order to manage potential future variable interest rate risk, we enter into interest rate derivative agreements from time to time. We do not use interest rate derivative agreements for trading or speculative purposes. The agreements with each of our derivative counterparties provide that in the event of default on any of our indebtedness, we could also be declared in default on our derivative obligations. The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of September 30, 2023 and December 31, 2022 (dollars in thousands) : Fair Value Assets (Liabilities) (1) Type of Hedge Number of Instruments Aggregate Notional Reference Rate Interest Rate Effective Date Maturity Date September 30, 2023 December 31, 2022 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 9,158 $ 7,134 Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 4,012 3,616 Cash Flow Two 200,000 SOFR 2.72 % 8/3/2022 11/22/2023 750 3,663 Cash Flow Three 120,000 SOFR 1.58 % 8/15/2022 7/17/2024 3,557 5,461 Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 11,491 10,896 $ 820,000 $ 28,968 $ 30,770 Fair Value (2) Two $ 155,000 SOFR SOFR + 3.70% 4/23/2021 9/10/2025 $ (12,791) $ (14,177) Forward-Starting Cash Flow Two $ 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 $ 8,187 $ 4,370 (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) On July 1, 2023, the fallback rate in the derivative agreements went into effect. The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR plus 3.70% as of September 30, 2023 and three-month LIBOR plus 3.70% as of December 31, 2022. In October 2022, we terminated two forward-starting interest rate swaps with notional amounts totaling $150.0 million and a maturity date of June 1, 2032 and received $30.9 million upon termination. This settlement is included as a component of “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and is being reclassified to earnings over time as the hedged items are recognized in earnings. During the nine months ended September 30, 2023, we accelerated the reclassification of $3.1 million in accumulated other comprehensive income as a reduction to interest expense as a result of a portion of the hedged forecasted transaction becoming probable not to occur. We currently expect that the debt issuance will occur during 2023. These interest rate derivative 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. We determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with our derivatives use Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. As of September 30, 2023 and December 31, 2022, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we determined our derivative valuations were classified within Level 2 of the fair value hierarchy. 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. Approximately $5.5 million and $13.2 million was reclassified as an increase to earnings during the three and nine months ended September 30, 2023, respectively. Approximately $1.2 million and $8.6 million was reclassified as a decrease to earnings during the three and nine months ended September 30, 2022, respectively. As interest payments on our derivatives are made over the next 12 months, we estimate the decrease to interest expense to be approximately $28.4 million, assuming the current SOFR curve. Unrealized gains and losses on our interest rate derivative agreements are the only components of the change in accumulated other comprehensive income.

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY	SHAREHOLDERS’ EQUITY Distributions Our Board of Trustees declared a cash distribution of $0.24 per common share and Common Unit for the third quarter of 2023. This distribution was paid on October 13, 2023 to common shareholders and Common Unit holders of record as of October 6, 2023. For the nine months ended September 30, 2023, we declared cash distributions totaling $0.72 per common share and Common Unit. For the three and nine months ended September 30, 2022, we declared cash distributions of $0.22 and $0.63, respectively, per common share and Common Unit. At-The-Market Offering Program In February 2021, the Company and the Operating Partnership entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with each of BofA Securities, Inc., Citigroup Global Markets Inc., KeyBanc Capital Markets Inc. and Raymond James & Associates, Inc., pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $150.0 million of its common shares of beneficial interest, $0.01 par value per share, under an at-the-market offering program (the “ATM Program”). In November 2021, the Company and the Operating Partnership amended the Equity Distribution Agreement to reflect their filing of a shelf registration statement on November 16, 2021 with the SEC. The Operating Partnership intends to use the net proceeds, if any, to repay borrowings under its Revolving Facility and other indebtedness and for working capital and other general corporate purposes. The Operating Partnership may also use the net proceeds for acquisitions of operating properties and the development or redevelopment of properties, although there are currently no understandings, commitments or agreements to do so. As of September 30, 2023, the Company has not sold any common shares under the ATM Program. Share Repurchase Program The Company has an existing share repurchase program under which it may repurchase, from time to time, up to a maximum of $300.0 million of its common shares (the “Share Repurchase Program”). The Company intends to fund any future repurchases under the Share Repurchase Program with cash on hand or availability under the Revolving Facility, subject to any applicable restrictions. The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will depend upon prevailing market conditions, regulatory requirements and other factors. In February 2023, the Company extended the Share Repurchase Program for an additional year so it will now terminate on February 28, 2024, if not terminated or extended prior to that date. As of September 30, 2023, the Company has not repurchased any shares under the Share Repurchase Program.

EARNINGS PER SHARE OR UNIT

EARNINGS PER SHARE OR UNIT	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE OR UNIT	EARNINGS PER SHARE OR UNIT Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible. Potentially dilutive securities include (i) outstanding options to acquire common shares; (ii) Limited Partner Units, which may be exchanged for either cash or common shares at the Parent Company’s option and under certain circumstances; (iii) AO LTIP Units; and (iv) deferred common share units, which may be credited to the personal accounts of non-employee trustees in lieu of compensation paid in cash or the issuance of common shares to such trustees. Limited Partner Units have been omitted from the Parent Company’s denominator for the purpose of computing diluted earnings per share since the effect of including those amounts in the denominator would have no dilutive impact. Weighted average Limited Partner Units outstanding were 3.3 million and 3.1 million for the three and nine months ended September 30, 2023, and 3.0 million and 2.7 million for the three and nine months ended September 30, 2022, respectively. Due to the net loss allocable to common shareholders and Common Unit holders for the three and nine months ended September 30, 2022, no securities had a dilutive impact for those periods.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Other Commitments and Contingencies We are obligated under various completion guarantees with certain lenders and lease agreements with tenants to complete all or portions of a development project and tenant-specific space currently under construction. We believe we currently have sufficient financing in place to fund these projects and expect to do so primarily through free cash flow or borrowings on the Revolving Facility. In 2017, we provided a repayment guaranty on a $33.8 million construction loan associated with the development of the Embassy Suites at the University of Notre Dame, consistent with our 35% ownership interest. Our portion of the repayment guaranty is limited to $5.9 million, and the guaranty’s term is through July 1, 2024, the maturity date of the construction loan. As of September 30, 2023, the outstanding loan balance was $32.9 million, of which our share was $11.5 million. The loan is secured by the hotel. In 2021, we provided repayment and completion guaranties on loans totaling $66.2 million associated with the development of The Corner mixed-use project in the Indianapolis MSA. As of September 30, 2023, the outstanding balance of the loans was $52.4 million, of which our share was $26.2 million. As of September 30, 2023, we had outstanding letters of credit totaling $0.3 million with no amounts advanced against these instruments. Legal Proceedings We are not subject to any material litigation nor, to management’s knowledge, is any material litigation currently threatened against us. We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONSOn August 7, 2023, a wholly owned subsidiary of the Company (“KRG Development”) assigned to Pan Am Development Partners, LLC (“Assignee”) certain rights and obligations related to the development of a hotel on the Pan Am Plaza site across from the Indiana Convention Center in Indianapolis, IN, including certain future development rights and a right of first offer involving the project (collectively, the “Project Rights and Obligations”). Assignee is a wholly owned subsidiary of Circle Block Investors, LLC, the parent company that owns the Conrad Indianapolis hotel, of which Mr. Alvin E. Kite, our Chairman Emeritus and the father of Mr. John A. Kite, is the majority owner, and Mr. John A. Kite, our Chief Executive Officer and Chairman of the Board, and Mr. Thomas K. McGowan, our President and Chief Operating Officer, are minority owners. In connection with the transaction, Assignee assumed all Project Rights and Obligations from and after August 7, 2023 and agreed to pay KRG Development an assignment fee of up to $3.5 million (the “Assignment Fee”), which is due and payable upon the completion of certain development activities that are expected to occur in 2024. In connection with the transactions, Mr. Kite and Mr. McGowan expressly acknowledged and agreed that they remain subject to their executive employment agreements with the Company, including, without limitation, the obligation of each executive to devote substantially all his business time and effort to the performance of his duties for the Company. Assignee will engage a team of full-time professionals to perform the Project Rights and Obligations. The transaction was approved by a special transaction committee of the independent trustees of the Company (the “Transaction Committee”) as well as the Company’s independent trustees. The Transaction Committee engaged a third-party financial advisor to assist it in determining the net value of the Project Rights and Obligations and establishing the Assignment Fee.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSSubsequent to September 30, 2023, we closed on the disposition of Eastside, a 43,640 square foot multi-tenant retail property in the Dallas MSA, which was classified as held for sale as of September 30, 2023, for a gross sales price of $14.4 million and no gain or loss on sale due to previously recognized impairment charges. A portion of the proceeds was used to repay amounts outstanding on the Revolving Facility.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to common shareholders	$ 2,070	$ 32,058	$ 5,391	$ (7,837)	$ 13,131	$ (16,804)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Consolidation and Investments in Joint Ventures	Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. As of September 30, 2023, we owned investments in two consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of September 30, 2023, these consolidated VIEs had mortgage debt of $112.7 million, which were secured by assets of the VIEs totaling $217.6 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary.
Income Taxes and REIT Compliance	Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal income tax on its undistributed REIT taxable income at regular corporate income tax rates. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates for a period of four years following the year in which qualification is lost. Additionally, we may also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the nondeductible 1% excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the merger with Retail Properties of America, Inc. (“RPAI”) in October 2021, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs.
Noncontrolling Interests	Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the nine months ended September 30, 2023 and 2022 (in thousands) : Nine Months Ended September 30, 2023 2022 Noncontrolling interests balance as of January 1, $ 5,370 $ 5,146 Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests 201 139 Distributions to noncontrolling interests (3,196) — Noncontrolling interests balance as of September 30, $ 2,375 $ 5,285 Noncontrolling Interests – Joint Venture Prior to the merger with RPAI, RPAI entered into a joint venture related to the development, ownership and operation of the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H. The Company owns 90% of the joint venture. During the nine months ended September 30, 2023, the Company originated a 10-year $95.1 million mortgage payable at a fixed interest rate of 5.36% secured by the joint venture project. In conjunction with the loan origination, the joint venture’s construction loan was repaid. Under terms defined in the joint venture agreement, after construction completion and stabilization of the development project (as defined in the joint venture agreement), the Company has the ability to call, and the joint venture partner has the ability to put to the Company, subject to certain conditions, the joint venture partner’s interest in the joint venture at fair value. As of September 30, 2023, these conditions for exercising the put and call options have been met but neither the Company nor the joint venture partner has exercised their respective options. The joint venture is considered a VIE primarily because the Company’s joint venture partner does not have substantive kick-out rights or substantive participating rights. The Company is considered the primary beneficiary as it has a controlling financial interest in the joint venture. As such, the Company has consolidated this joint venture and presented the joint venture partner’s interests as noncontrolling interests. Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. 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 holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. As of September 30, 2023 and December 31, 2022, the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balances were accordingly adjusted to redemption value. We allocate net operating results of the Operating Partnership after noncontrolling interests 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 reporting period to reflect their interests in the Operating Partnership or redemption value. This adjustment is reflected in our shareholders’ and Parent Company’s equity. For the three and nine months ended September 30, 2023 and 2022, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Parent Company’s weighted average interest in Operating Partnership 98.5 % 98.7 % 98.6 % 98.8 % Limited partners’ weighted average interests in Operating Partnership 1.5 % 1.3 % 1.4 % 1.2 % As of September 30, 2023, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.5% and 1.5%. As of December 31, 2022, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.7% and 1.3%. Concurrent with the Parent Company’s initial public offering and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company’s election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 3,434,881 and 2,870,697 Limited Partner Units outstanding as of September 30, 2023 and December 31, 2022, respectively. The increase in Limited Partner Units outstanding from December 31, 2022 is due to non-cash compensation awards granted to our executive officers in the form of Limited Partner Units and the exercise of previously granted Appreciation Only Long-Term Incentive Plan (“AO LTIP”) Units in exchange for Limited Partner Units. Redeemable Noncontrolling Interests – Subsidiaries Prior to the merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. As of September 30, 2022, the Class B units related to one of these joint ventures that owned Crossing at Killingly Commons, our multi-tenant retail property in Dayville, Connecticut, were outstanding and accounted for as noncontrolling interests in the remaining venture. In October 2022, the remaining Class B units became redeemable at the partner’s election and the fulfillment of certain redemption criteria for cash or Limited Partner Units in the Operating Partnership. In October 2022, we received notice from our joint venture partner of its exercise of their right to redeem the remaining Class B units for cash in the amount of $9.7 million, which redemption was funded using cash on October 3, 2022. Prior to the redemption, the Class B units did not have a maturity date and were not mandatorily redeemable unless either party had elected for the units to be redeemed. Prior to the redemption, we consolidated this joint venture because we controlled the decision-making and our joint venture partner had limited protective rights.
Fair Value Measurements	Fair Value Measurements We follow the framework established under Financial Accounting Standards Board ASC 820, Fair Value Measurements and Disclosures , for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuation. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. 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.
Effects of Accounting Pronouncements	Effects of Accounting Pronouncements Any recently issued accounting standards or pronouncements have been excluded as they are either not relevant to the Company or are not expected to have a material impact on the Company’s consolidated financial statements.

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Property Ownership	As of September 30, 2023, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 180 28,290,147 Office properties 1 287,291 Development and redevelopment projects: Carillon medical office building 1 126,000 The Corner (IN) 1 24,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of September 30, 2023. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method. The following table summarizes the composition of the Company’s investment properties as of September 30, 2023 and December 31, 2022 (in thousands) : Balance as of September 30, 2023 December 31, 2022 Land, buildings and improvements $ 7,643,839 $ 7,656,765 Construction in progress 64,569 75,808 Investment properties, at cost $ 7,708,408 $ 7,732,573

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of Investment Properties	As of September 30, 2023, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 180 28,290,147 Office properties 1 287,291 Development and redevelopment projects: Carillon medical office building 1 126,000 The Corner (IN) 1 24,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of September 30, 2023. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method. The following table summarizes the composition of the Company’s investment properties as of September 30, 2023 and December 31, 2022 (in thousands) : Balance as of September 30, 2023 December 31, 2022 Land, buildings and improvements $ 7,643,839 $ 7,656,765 Construction in progress 64,569 75,808 Investment properties, at cost $ 7,708,408 $ 7,732,573
Schedule of Rental Income	Rental income related to the Company’s operating leases is comprised of the following for the three and nine months ended September 30, 2023 and 2022 (in thousands) : Three Months Ended Nine Months Ended 2023 2022 2023 2022 Fixed contractual lease payments – operating leases $ 159,491 $ 155,399 $ 478,215 $ 457,875 Variable lease payments – operating leases 38,100 36,636 117,730 112,725 Bad debt reserve (219) (1,882) (2,007) (3,624) Straight-line rent adjustments 3,132 4,328 9,900 12,951 Straight-line rent reserve for uncollectibility (367) (34) (177) (298) Amortization of in-place lease liabilities, net 3,853 1,228 9,228 3,143 Rental income $ 203,990 $ 195,675 $ 612,889 $ 582,772
Schedule of Noncontrolling Interests	The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the nine months ended September 30, 2023 and 2022 (in thousands) : Nine Months Ended September 30, 2023 2022 Noncontrolling interests balance as of January 1, $ 5,370 $ 5,146 Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests 201 139 Distributions to noncontrolling interests (3,196) — Noncontrolling interests balance as of September 30, $ 2,375 $ 5,285
Schedule of Weighted Average Interests of Parent and Limited Partners	For the three and nine months ended September 30, 2023 and 2022, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Three Months Ended Nine Months Ended 2023 2022 2023 2022 Parent Company’s weighted average interest in Operating Partnership 98.5 % 98.7 % 98.6 % 98.8 % Limited partners’ weighted average interests in Operating Partnership 1.5 % 1.3 % 1.4 % 1.2 %
Schedule of Redeemable Noncontrolling Interests	The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the nine months ended September 30, 2023 and 2022 were as follows (in thousands) : Nine Months Ended September 30, 2023 2022 Redeemable noncontrolling interests balance as of January 1, $ 53,967 $ 55,173 Net income allocable to redeemable noncontrolling interests 499 269 Distributions declared to redeemable noncontrolling interests (2,281) (1,972) Other, net including adjustments to redemption value 14,815 3,484 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of September 30, $ 67,000 $ 56,954 Limited partners’ interests in the Operating Partnership $ 67,000 $ 46,884 Other redeemable noncontrolling interests in certain subsidiaries — 10,070 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of September 30, $ 67,000 $ 56,954

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Asset Acquisitions	The Company closed on the following asset acquisition during the nine months ended September 30, 2023 (dollars in thousands) : Date Property Name Metropolitan Property Type Square Acquisition September 22, 2023 Prestonwood Place Dallas Multi-tenant retail 155,975 $ 81,000 The Company closed on the following asset acquisitions during the nine months ended September 30, 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Acquisition February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770

DISPOSITIONS AND IMPAIRMENT C_2

DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Property Dispositions and Assets and Liabilities of Property Held for Sale	The Company closed on the following dispositions during the nine months ended September 30, 2023 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) May 8, 2023 Kingwood Commons Houston Multi-tenant retail 158,172 $ 27,350 $ 4,736 June 8, 2023 Pan Am Plaza & Garage Indianapolis Land & garage — 52,025 23,635 September 11, 2023 Reisterstown Road Plaza Dallas Multi-tenant retail 376,683 48,250 (5,903) 534,855 $ 127,625 $ 22,468 The Company closed on the following dispositions during the nine months ended September 30, 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment (1) — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (2) 100,016 58,650 23,958 100,016 $ 65,550 $ 27,126 (1) We sold a portion of the redevelopment at Hamilton Crossing Centre. (2) Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. The following table presents the assets and liabilities associated with the investment property, Eastside, classified as held for sale as of September 30, 2023 (in thousands) : September 30, 2023 Assets Investment properties, at cost $ 15,016 Less: accumulated depreciation (1,218) Net investment properties 13,798 Tenant and other receivables 100 Deferred costs, net 411 Assets associated with investment property held for sale $ 14,309 Liabilities Accounts payable and accrued expenses $ 398 Deferred revenue and other liabilities 188 Liabilities associated with investment property held for sale $ 586

DEFERRED COSTS AND INTANGIBLE_2

DEFERRED COSTS AND INTANGIBLES, NET (Tables)	9 Months Ended
	Sep. 30, 2023
Deferred Costs [Abstract]
Schedule of Deferred Costs	As of September 30, 2023 and December 31, 2022, deferred costs consisted of the following (in thousands) : September 30, 2023 December 31, 2022 Acquired lease intangible assets $ 450,740 $ 522,152 Deferred leasing costs and other 71,754 66,842 522,494 588,994 Less: accumulated amortization (197,434) (179,166) $ 325,060 $ 409,828 Less: deferred costs associated with investment property held for sale (411) — Total $ 324,649 $ 409,828
Schedule of Amortization of Deferred Costs	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Nine Months Ended September 30, 2023 2022 Amortization of deferred leasing costs, lease intangibles and other $ 83,768 $ 117,177 Amortization of above-market lease intangibles $ 9,305 $ 10,161 (in thousands) : Nine Months Ended September 30, 2023 2022 Amortization of debt issuance costs $ 2,685 $ 2,169

DEFERRED REVENUE, INTANGIBLES_2

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Deferred Revenue, Intangibles and Other Liabilities	As of September 30, 2023 and December 31, 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : September 30, 2023 December 31, 2022 Unamortized in-place lease liabilities $ 167,390 $ 188,815 Retainages payable and other 12,005 12,110 Tenant rents received in advance 31,392 29,947 Lease liabilities 69,361 67,167 $ 280,148 $ 298,039 Less: deferred revenue associated with investment property held for sale (188) — Total $ 279,960 $ 298,039

MORTGAGE AND OTHER INDEBTEDNE_2

MORTGAGE AND OTHER INDEBTEDNESS (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedules of Indebtedness	The following table summarizes the Company’s indebtedness as of September 30, 2023 and December 31, 2022 (in thousands) : September 30, 2023 December 31, 2022 Mortgages payable $ 154,567 $ 233,621 Senior unsecured notes 1,829,635 1,924,635 Unsecured term loans 820,000 820,000 Unsecured revolving line of credit 39,000 — 2,843,202 2,978,256 Unamortized discounts and premiums, net 35,721 44,362 Unamortized debt issuance costs, net (10,095) (12,319) Total mortgage and other indebtedness, net $ 2,868,828 $ 3,010,299 The following table summarizes the Company’s mortgages payable (dollars in thousands) : September 30, 2023 December 31, 2022 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 136,967 5.09 % 8.3 $ 205,328 3.98 % 1.4 Variable rate mortgage payable (2) 17,600 7.54 % 3.8 28,293 5.96 % 0.6 Total mortgages payable $ 154,567 $ 233,621 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of September 30, 2023 and December 31, 2022. (2) During the three months ended September 30, 2023, the interest rate on the variable rate mortgage increased to Bloomberg Short Term Bank Yield Index (“BSBY”) plus 215 basis points from BSBY plus 160 basis points in conjunction with the July 2023 amendment of the loan agreement. The one-month BSBY rate was 5.39% and 4.36% as of September 30, 2023 and December 31, 2022, respectively. The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : September 30, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ — — % $ 95,000 4.23 % Senior notes – 4.58% due 2024 June 30, 2024 149,635 4.58 % 149,635 4.58 % Senior notes – 4.00% due 2025 March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – SOFR + 3.65% due 2025 (1) September 10, 2025 80,000 9.17 % 80,000 8.41 % Senior notes – 4.08% due 2026 September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – SOFR + 3.75% due 2027 (2) September 10, 2027 75,000 9.27 % 75,000 8.51 % Senior notes – 4.24% due 2028 December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 September 15, 2030 400,000 4.75 % 400,000 4.75 % Total senior unsecured notes $ 1,829,635 $ 1,924,635 (1) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of September 30, 2023, $80,000 of 4.47% senior unsecured notes has been swapped to a variable rate of three-month Secured Overnight Financing Rate (“SOFR”) plus 3.65% through September 10, 2025. As of December 31, 2022, $80,000 of 4.47% senior unsecured notes had been swapped to a variable rate of three-month London Interbank Offered Rate (“LIBOR”) plus 3.65%. (2) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of September 30, 2023, $75,000 of 4.57% senior unsecured notes has been swapped to a variable rate of three-month SOFR plus 3.75% through September 10, 2025. As of December 31, 2022, $75,000 of 4.57% senior unsecured notes had been swapped to a variable rate of three-month LIBOR plus 3.75%. The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : September 30, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2024 – fixed rate (1) July 17, 2024 $ 120,000 2.68 % $ 120,000 2.68 % Unsecured term loan due 2025 – fixed rate (2) October 24, 2025 250,000 5.09 % 250,000 5.09 % Unsecured term loan due 2026 – fixed rate (3) July 17, 2026 150,000 2.73 % 150,000 2.73 % Unsecured term loan due 2029 – fixed rate (4) July 29, 2029 300,000 4.05 % 300,000 4.05 % Total unsecured term loans $ 820,000 $ 820,000 Unsecured credit facility revolving line of credit – variable rate (5) January 8, 2026 $ 39,000 6.51 % $ — 5.56 % (1) $120,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.58% plus a credit spread based on a ratings grid ranging from 0.80% to 1.65% through July 17, 2024. The applicable credit spread was 1.10% as of September 30, 2023 and December 31, 2022. (2) $250,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. The maturity date of the term loan may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. (3) $150,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.68% plus a credit spread based on a ratings grid ranging from 0.75% to 1.60% through July 17, 2026. The applicable credit spread was 1.05% as of September 30, 2023 and December 31, 2022. (4) $300,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 2.70% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through November 22, 2023. The applicable credit spread was 1.35% as of September 30, 2023 and December 31, 2022. (5) The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity.
Schedule of Weighted Average Interest Rates and Maturities	Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of September 30, 2023, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Average Years Fixed rate debt (1) $ 2,631,602 93 % 4.01 % 4.2 Variable rate debt (2) 211,600 7 % 8.58 % 3.1 Debt discounts, premiums and issuance costs, net 25,626 N/A N/A N/A Total $ 2,868,828 100 % 4.35 % 4.1 (1) Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of September 30, 2023, $820.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 1.9 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of September 30, 2023, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 1.9 years.
Schedule of Key Terms of Revolving Facility and Term Loans	The following table summarizes the key terms of the Revolving Facility as of September 30, 2023 (dollars in thousands) : Leverage-Based Pricing Investment Grade Pricing Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR Adjustment $1,100,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% 0.10% The following table summarizes the key terms of the unsecured term loans as of September 30, 2023 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing SOFR Adjustment $120,000 unsecured term loan due 2024 7/17/2024 1.20% – 1.70% 0.80% – 1.65% 0.10% $250,000 unsecured term loan due 2025 10/24/2025 (1) 2.00% – 2.55% 2.00% – 2.50% 0.10% $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) The maturity date may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions.
Schedule of Amortization of Debt Issuance Costs	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Nine Months Ended September 30, 2023 2022 Amortization of deferred leasing costs, lease intangibles and other $ 83,768 $ 117,177 Amortization of above-market lease intangibles $ 9,305 $ 10,161 (in thousands) : Nine Months Ended September 30, 2023 2022 Amortization of debt issuance costs $ 2,685 $ 2,169

DERIVATIVE INSTRUMENTS, HEDGI_2

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Terms and Fair Values of Derivative Financial Instruments	The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of September 30, 2023 and December 31, 2022 (dollars in thousands) : Fair Value Assets (Liabilities) (1) Type of Hedge Number of Instruments Aggregate Notional Reference Rate Interest Rate Effective Date Maturity Date September 30, 2023 December 31, 2022 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 9,158 $ 7,134 Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 4,012 3,616 Cash Flow Two 200,000 SOFR 2.72 % 8/3/2022 11/22/2023 750 3,663 Cash Flow Three 120,000 SOFR 1.58 % 8/15/2022 7/17/2024 3,557 5,461 Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 11,491 10,896 $ 820,000 $ 28,968 $ 30,770 Fair Value (2) Two $ 155,000 SOFR SOFR + 3.70% 4/23/2021 9/10/2025 $ (12,791) $ (14,177) Forward-Starting Cash Flow Two $ 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 $ 8,187 $ 4,370 (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) On July 1, 2023, the fallback rate in the derivative agreements went into effect. The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR plus 3.70% as of September 30, 2023 and three-month LIBOR plus 3.70% as of December 31, 2022.

ORGANIZATION AND BASIS OF PRE_3

ORGANIZATION AND BASIS OF PRESENTATION - Additional Information (Details)	9 Months Ended
	Sep. 30, 2023
General Partner Units
Organization [Line Items]
General partner, ownership interest	98.50%
Kite Realty Group, L.P.
Organization [Line Items]
Limited partners, ownership interest	1.50%

ORGANIZATION AND BASIS OF PRE_4

ORGANIZATION AND BASIS OF PRESENTATION - Real Estate Properties (Details)	Sep. 30, 2023 ft² property
Operating retail properties
Real Estate Properties [Line Items]
Number of real estate properties	180
Square footage | ft²	28,290,147
Operating retail properties | Held-for-Sale
Real Estate Properties [Line Items]
Number of real estate properties	1
Operating retail properties | Consolidated Entities
Real Estate Properties [Line Items]
Number of real estate properties	177
Operating retail properties | Equity Method Investee
Real Estate Properties [Line Items]
Number of real estate properties	3
Office properties
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	287,291
Development and redevelopment projects | Carillon medical office building
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	126,000
Development and redevelopment projects | The Corner (IN)
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	24,000
Development and redevelopment projects | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	92,283
Development and redevelopment projects | Edwards Multiplex – Ontario
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	124,614
Operating retail properties with office components
Real Estate Properties [Line Items]
Number of real estate properties	10

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Properties (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Land, buildings and improvements	$ 7,643,839	$ 7,656,765
Construction in progress	64,569	75,808
Investment properties, at cost	$ 7,708,408	$ 7,732,573

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accounting Policies [Abstract]
Fixed contractual lease payments – operating leases	$ 159,491	$ 155,399	$ 478,215	$ 457,875
Variable lease payments – operating leases	38,100	36,636	117,730	112,725
Bad debt reserve	(219)	(1,882)	(2,007)	(3,624)
Straight-line rent adjustments	3,132	4,328	9,900	12,951
Straight-line rent reserve for uncollectibility	(367)	(34)	(177)	(298)
Amortization of in-place lease liabilities, net	3,853	1,228	9,228	3,143
Rental income	$ 203,990	$ 195,675	$ 612,889	$ 582,772

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 31, 2022 USD ($)	Sep. 30, 2023 USD ($) jointVenture shares	Sep. 30, 2022 jointVenture	Dec. 31, 2022 USD ($) shares
Noncontrolling Interest [Line Items]
Variable interest entity, number of entities | jointVenture		2
Assets of VIEs		$ 7,052,497		$ 7,341,982
Gross debt		$ 2,843,202		$ 2,978,256
Number of Limited Partner Units outstanding (in shares) | shares		3,434,881		2,870,697
Variable Interest Entities
Noncontrolling Interest [Line Items]
Mortgage debt of VIEs		$ 112,700
Assets of VIEs		$ 217,600
One Loudoun Downtown - Pads G & H
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by parent		90%
Operating Partnership
Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage by parent		98.50%		98.70%
Noncontrolling interest, ownership percentage by limited partners		1.50%		1.30%
Mortgages payable
Noncontrolling Interest [Line Items]
Gross debt		$ 154,567		$ 233,621
Mortgages payable | Fixed Rate Debt
Noncontrolling Interest [Line Items]
Gross debt		$ 136,967		$ 205,328
Mortgages payable | Fixed Rate Debt | One Loudoun Downtown - Pads G & H
Noncontrolling Interest [Line Items]
Debt instrument term		10 years
Gross debt		$ 95,100
Fixed interest rate		5.36%
Capital Unit, Class B
Noncontrolling Interest [Line Items]
Number of joint ventures in which units are issued | jointVenture			3
Number of joint ventures in which units are issued, noncontrolling interest | jointVenture			1
Amount of joint venture redemption	$ 9,700

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Noncontrolling Interests (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests balance as of January 1,	$ 5,370	$ 5,146
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests	201	139
Distributions to noncontrolling interests	(3,196)	0
Noncontrolling interests balance as of September 30,	$ 2,375	$ 5,285

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted Average Interests in Operating Partnership (Details) - Operating Partnership	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Parent Company’s weighted average interest in Operating Partnership	98.50%	98.70%	98.60%	98.80%
Limited partners’ weighted average interests in Operating Partnership	1.50%	1.30%	1.40%	1.20%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Roll Forward]
Net income allocable to redeemable noncontrolling interests	$ 107	$ 116	$ 700	$ 408
Redeemable Noncontrolling Interests
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,			53,967	55,173
Net income allocable to redeemable noncontrolling interests			499	269
Distributions declared to redeemable noncontrolling interests			(2,281)	(1,972)
Other, net including adjustments to redemption value			14,815	3,484
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of September 30,	67,000	56,954	67,000	56,954
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests as of September 30,	67,000	56,954	67,000	56,954
Redeemable Noncontrolling Interests | Partnership Interest
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Roll Forward]
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of September 30,	67,000	56,954	67,000	56,954
Limited partners’ interests in the Operating Partnership	67,000	46,884	67,000	46,884
Other redeemable noncontrolling interests in certain subsidiaries	0	10,070	0	10,070
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests as of September 30,	$ 67,000	$ 56,954	$ 67,000	$ 56,954

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Asset Acquisitions (Details) $ in Thousands					9 Months Ended
	Sep. 22, 2023 USD ($) ft²	Jul. 15, 2022 USD ($) ft²	Apr. 13, 2022 USD ($) ft²	Feb. 16, 2022 USD ($) ft²	Sep. 30, 2022 USD ($) ft²
Prestonwood Place
Asset Acquisition [Line Items]
Square footage | ft²	155,975
Acquisition price | $	$ 81,000
Pebble Marketplace
Asset Acquisition [Line Items]
Square footage | ft²				85,796
Acquisition price | $				$ 44,100
MacArthur Crossing
Asset Acquisition [Line Items]
Square footage | ft²			56,077
Acquisition price | $			$ 21,920
Palms Plaza
Asset Acquisition [Line Items]
Square footage | ft²		68,976
Acquisition price | $		$ 35,750
2022 Asset Acquisitions
Asset Acquisition [Line Items]
Square footage | ft²					210,849
Acquisition price | $					$ 101,770

DISPOSITIONS AND IMPAIRMENT C_3

DISPOSITIONS AND IMPAIRMENT CHARGES - Schedule of Dispositions (Details) - Disposed of by Sale $ in Thousands						9 Months Ended
	Sep. 11, 2023 USD ($) ft²	Jun. 08, 2023 USD ($) ft²	May 08, 2023 USD ($) ft²	Jun. 16, 2022 USD ($) ft² rental	Jan. 26, 2022 USD ($) ft²	Sep. 30, 2023 USD ($) ft²	Sep. 30, 2022 USD ($) ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²						534,855	100,016
Sales price						$ 127,625	$ 65,550
Gain (loss)						$ 22,468	$ 27,126
Kingwood Commons
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²			158,172
Sales price			$ 27,350
Gain (loss)			$ 4,736
Pan Am Plaza & Garage
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²		0
Sales price		$ 52,025
Gain (loss)		$ 23,635
Reisterstown Road Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	376,683
Sales price	$ 48,250
Gain (loss)	$ (5,903)
Hamilton Crossing Centre
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²					0
Sales price					$ 6,900
Gain (loss)					$ 3,168
Plaza Del Lago
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²				100,016
Sales price				$ 58,650
Gain (loss)				$ 23,958
Plaza Del Lago | Residential
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²				8,800
Plaza Del Lago | Multifamily
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of multifamily rental units | rental				18

DISPOSITIONS AND IMPAIRMENT C_4

DISPOSITIONS AND IMPAIRMENT CHARGES - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) ft²	Sep. 30, 2022 USD ($) ft²	Sep. 30, 2023 USD ($) ft²	Sep. 30, 2022 USD ($) ft²	Oct. 24, 2023 USD ($) ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges	$ 477	$ 0	$ 477	$ 0
Held-for-sale | Eastside
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	43,640		43,640
Real estate investment, fair value	$ 14,100		$ 14,100
Impairment charges	$ 500
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	534,855	100,016	534,855	100,016
Sales price	$ 127,625	$ 65,550	$ 127,625	$ 65,550
Disposed of by Sale | Eastside | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²					43,640
Sales price					$ 14,400

DISPOSITIONS AND IMPAIRMENT C_5

DISPOSITIONS AND IMPAIRMENT CHARGES - Assets and Liabilities Associated with Investment Property Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Assets associated with investment property held for sale	$ 14,309	$ 0
Liabilities
Liabilities associated with investment property held for sale	586	$ 0
Held-for-sale | Eastside
Assets
Investment properties, at cost	15,016
Less: accumulated depreciation	(1,218)
Net investment properties	13,798
Tenant and other receivables	100
Deferred costs, net	411
Assets associated with investment property held for sale	14,309
Liabilities
Accounts payable and accrued expenses	398
Deferred revenue and other liabilities	188
Liabilities associated with investment property held for sale	$ 586

DEFERRED COSTS AND INTANGIBLE_3

DEFERRED COSTS AND INTANGIBLES, NET - Deferred Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred Costs [Abstract]
Acquired lease intangible assets	$ 450,740	$ 522,152
Deferred leasing costs and other	71,754	66,842
Deferred costs and intangibles, gross	522,494	588,994
Less: accumulated amortization	(197,434)	(179,166)
Total deferred costs and intangibles	325,060	409,828
Less: deferred costs associated with investment property held for sale	(411)	0
Total	$ 324,649	$ 409,828

DEFERRED COSTS AND INTANGIBLE_4

DEFERRED COSTS AND INTANGIBLES, NET - Amortization Expense (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Deferred Costs [Abstract]
Amortization of deferred leasing costs, lease intangibles and other	$ 83,768	$ 117,177
Amortization of above-market lease intangibles	$ 9,305	$ 10,161

DEFERRED REVENUE, INTANGIBLES_3

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Unamortized in-place lease liabilities	$ 167,390		$ 188,815
Retainages payable and other	12,005		12,110
Tenant rents received in advance	31,392		29,947
Lease liabilities	$ 69,361		$ 67,167
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Total		Total
Total deferred revenue and other liabilities, gross	$ 280,148		$ 298,039
Less: deferred revenue associated with investment property held for sale	(188)		0
Total	279,960		$ 298,039
Amortization of below-market lease intangibles	$ 18,500	$ 13,300

MORTGAGE AND OTHER INDEBTEDNE_3

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt	$ 2,843,202	$ 2,978,256
Unamortized discounts and premiums, net	35,721	44,362
Unamortized debt issuance costs, net	(10,095)	(12,319)
Total mortgage and other indebtedness, net	2,868,828	3,010,299
Revolving Credit Facility
Debt Instrument [Line Items]
Gross debt	39,000	0
Mortgages payable
Debt Instrument [Line Items]
Gross debt	154,567	233,621
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	1,829,635	1,924,635
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 820,000	$ 820,000

MORTGAGE AND OTHER INDEBTEDNE_4

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Weighted Average Interest Rates and Maturities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt	$ 2,843,202	$ 2,978,256
Debt discounts, premiums and issuance costs, net	25,626
Total mortgage and other indebtedness, net	$ 2,868,828	$ 3,010,299
Ratio	100%
Weighted average interest rate	4.35%
Weighted average years to maturity	4 years 1 month 6 days
Fixed rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 2,631,602
Ratio	93%
Weighted average interest rate	4.01%
Weighted average years to maturity	4 years 2 months 12 days
Fixed rate debt considering hedges | Variable Rate Debt
Debt Instrument [Line Items]
Total mortgage and other indebtedness, net	$ 820,000
Weighted average years to maturity	1 year 10 months 24 days
Variable rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 211,600
Ratio	7%
Weighted average interest rate	8.58%
Weighted average years to maturity	3 years 1 month 6 days
Variable rate debt considering hedges | Fixed Rate Debt
Debt Instrument [Line Items]
Total mortgage and other indebtedness, net	$ 155,000
Weighted average years to maturity	1 year 10 months 24 days

MORTGAGE AND OTHER INDEBTEDNE_5

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Mortgages Payable (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt	$ 2,843,202		$ 2,843,202	$ 2,978,256
Weighted average interest rate	4.35%		4.35%
Weighted average years to maturity			4 years 1 month 6 days
Variable Rate Debt | Minimum
Debt Instrument [Line Items]
Variable interest rate	6.47%		6.47%
Variable Rate Debt | Maximum
Debt Instrument [Line Items]
Variable interest rate	7.42%		7.42%
Mortgages payable
Debt Instrument [Line Items]
Gross debt	$ 154,567		$ 154,567	233,621
Mortgages payable | Fixed Rate Debt
Debt Instrument [Line Items]
Gross debt	$ 136,967		$ 136,967	$ 205,328
Weighted average interest rate	5.09%		5.09%	3.98%
Weighted average years to maturity			8 years 3 months 18 days	1 year 4 months 24 days
Mortgages payable | Fixed Rate Debt | Minimum
Debt Instrument [Line Items]
Interest rate	3.75%		3.75%	3.75%
Mortgages payable | Fixed Rate Debt | Maximum
Debt Instrument [Line Items]
Interest rate	5.73%		5.73%	5.73%
Mortgages payable | Variable Rate Debt
Debt Instrument [Line Items]
Gross debt	$ 17,600		$ 17,600	$ 28,293
Weighted average interest rate	7.54%		7.54%	5.96%
Weighted average years to maturity			3 years 9 months 18 days	7 months 6 days
Mortgages payable | Variable Rate Debt | BSBY
Debt Instrument [Line Items]
Interest rate spread	2.15%	1.60%
Variable interest rate	5.39%		5.39%	4.36%

MORTGAGE AND OTHER INDEBTEDNE_6

MORTGAGE AND OTHER INDEBTEDNESS - Additional Information (Details)	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 31, 2022 USD ($) extension	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($) extension	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Gross debt		$ 2,843,202,000	$ 2,843,202,000		$ 2,978,256,000
Repayment of long-term debt			467,149,000	$ 558,151,000
Letters of credit outstanding		300,000	300,000
Letters of credit outstanding, amount advanced		0	0
Percentage bearing fixed interest, amount		2,000,000,000	2,000,000,000
Percentage bearing variable interest, amount		876,600,000	876,600,000
Mortgages payable
Debt Instrument [Line Items]
Gross debt		154,567,000	154,567,000		233,621,000
Repayments of debt			161,500,000
Scheduled principal payments			2,700,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt		820,000,000	820,000,000		820,000,000
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt		$ 1,829,635,000	$ 1,829,635,000		1,924,635,000
Weighted average | Mortgages payable
Debt Instrument [Line Items]
Fixed interest rate		3.85%	3.85%
Revolving Credit Facility
Debt Instrument [Line Items]
Gross debt		$ 39,000,000	$ 39,000,000		$ 0
Maturity date extension period			6 months
Interest rate		6.51%	6.51%		5.56%
Number of extension options | extension			2
Revolving Credit Facility | SOFR
Debt Instrument [Line Items]
Reduction of interest rate margin upon achievement of sustainability metric			0.0001
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Repayment of long-term debt			$ 467,149,000	$ 558,151,000
Kite Realty Group, L.P. | Revolving Credit Facility
Debt Instrument [Line Items]
Maturity date extension period	6 months		6 months
Line of credit, aggregate borrowing capacity	$ 1,100,000,000	$ 1,100,000,000	$ 1,100,000,000
Line of credit, accordion feature, increase limit	600,000,000
Line of credit, accordion feature, maximum borrowing capacity	$ 2,000,000,000
Number of extension options | extension	2		2
Kite Realty Group, L.P. | Revolving Credit Facility | SOFR
Debt Instrument [Line Items]
Credit spread, increase	0.10%		0.10%
Fixed Rate Debt
Debt Instrument [Line Items]
Long-term debt, fair value		1,800,000,000	$ 1,800,000,000
Fixed Rate Debt | Mortgages payable
Debt Instrument [Line Items]
Gross debt		136,967,000	$ 136,967,000		$ 205,328,000
Fixed Rate Debt | Mortgages payable | One Loudoun Downtown - Pads G & H
Debt Instrument [Line Items]
Debt instrument term			10 years
Gross debt		$ 95,100,000	$ 95,100,000
Fixed interest rate		5.36%	5.36%
Fixed Rate Debt | Minimum
Debt Instrument [Line Items]
Fixed interest rate		6.22%	6.22%
Fixed Rate Debt | Minimum | Mortgages payable
Debt Instrument [Line Items]
Interest rate		3.75%	3.75%		3.75%
Fixed Rate Debt | Maximum
Debt Instrument [Line Items]
Fixed interest rate		8.20%	8.20%
Fixed Rate Debt | Maximum | Mortgages payable
Debt Instrument [Line Items]
Interest rate		5.73%	5.73%		5.73%
Variable Rate Debt
Debt Instrument [Line Items]
Long-term debt, fair value		$ 880,200,000	$ 880,200,000
Variable Rate Debt | Mortgages payable
Debt Instrument [Line Items]
Gross debt		$ 17,600,000	$ 17,600,000		$ 28,293,000
Maturity date extension period			1 year
Repayments of debt			$ 9,900,000
Variable Rate Debt | Minimum
Debt Instrument [Line Items]
Variable interest rate		6.47%	6.47%
Variable Rate Debt | Maximum
Debt Instrument [Line Items]
Variable interest rate		7.42%	7.42%
Senior notes - 4.23% due 2023 | Senior unsecured notes
Debt Instrument [Line Items]
Gross debt					$ 95,000,000
Repayment of long-term debt		$ 95,000,000
Interest rate		4.23%	4.23%		4.23%
$300M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 300,000,000	$ 300,000,000		$ 300,000,000
Interest rate		4.05%	4.05%		4.05%
$300M unsecured term loan | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 300,000,000	$ 300,000,000
Fixed interest rate		2.70%	2.70%
Variable interest rate		1.35%	1.35%		1.35%
$300M unsecured term loan | Kite Realty Group, L.P. | Unsecured term loans
Debt Instrument [Line Items]
Debt instrument term	7 years
Gross debt		$ 300,000,000	$ 300,000,000
Principal amount of debt issued	$ 300,000,000
$300M unsecured term loan | Kite Realty Group, L.P. | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Credit spread, increase			0.10%
Reduction of interest rate margin upon achievement of sustainability metric			0.0001
$120M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 120,000,000	$ 120,000,000		$ 120,000,000
Interest rate		2.68%	2.68%		2.68%
$120M unsecured term loan | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 120,000,000	$ 120,000,000
Fixed interest rate		1.58%	1.58%
Variable interest rate		1.10%	1.10%		1.10%
$120M unsecured term loan | Kite Realty Group, L.P. | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 120,000,000	$ 120,000,000
Maximum borrowing capacity		250,000,000	$ 250,000,000
$120M unsecured term loan | Kite Realty Group, L.P. | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Credit spread, increase			0.10%
$150M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 150,000,000	$ 150,000,000		$ 150,000,000
Interest rate		2.73%	2.73%		2.73%
$150M unsecured term loan | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 150,000,000	$ 150,000,000
Fixed interest rate		1.68%	1.68%
Variable interest rate		1.05%	1.05%		1.05%
$150M unsecured term loan | Kite Realty Group, L.P. | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 150,000,000	$ 150,000,000
Maximum borrowing capacity		250,000,000	$ 250,000,000
$150M unsecured term loan | Kite Realty Group, L.P. | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Credit spread, increase			0.10%
Reduction of interest rate margin upon achievement of sustainability metric			0.0001
$250M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 250,000,000	$ 250,000,000		$ 250,000,000
Maturity date extension period			1 year
Interest rate		5.09%	5.09%		5.09%
Number of extension options | extension			3
$250M unsecured term loan | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 250,000,000	$ 250,000,000
Fixed interest rate		5.09%	5.09%
$250M unsecured term loan | Kite Realty Group, L.P. | Unsecured term loans
Debt Instrument [Line Items]
Gross debt		$ 250,000,000	$ 250,000,000
Maturity date extension period			1 year
Number of extension options | extension			3
Maximum borrowing capacity		$ 300,000,000	$ 300,000,000
$250M unsecured term loan | Kite Realty Group, L.P. | SOFR | Unsecured term loans
Debt Instrument [Line Items]
Credit spread, increase			0.10%

MORTGAGE AND OTHER INDEBTEDNE_7

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Unsecured Notes (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt	$ 2,843,202	$ 2,978,256
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	$ 1,829,635	1,924,635
Senior unsecured notes | Senior notes - 4.23% due 2023
Debt Instrument [Line Items]
Gross debt		$ 95,000
Interest rate	4.23%	4.23%
Senior unsecured notes | Senior notes - 4.58% due 2024
Debt Instrument [Line Items]
Gross debt	$ 149,635	$ 149,635
Interest rate	4.58%	4.58%
Senior unsecured notes | Senior notes - 4.00% due 2025
Debt Instrument [Line Items]
Gross debt	$ 350,000	$ 350,000
Interest rate	4%	4%
Senior unsecured notes | Senior notes - SOFR + 3.65% due 2025
Debt Instrument [Line Items]
Gross debt	$ 80,000	$ 80,000
Interest rate	9.17%	8.41%
Senior unsecured notes | Senior notes - SOFR + 3.65% due 2025 | SOFR
Debt Instrument [Line Items]
Credit spread	3.65%
Senior unsecured notes | Senior notes - 4.47% due 2025
Debt Instrument [Line Items]
Gross debt	$ 80,000	$ 80,000
Interest rate	4.47%	4.47%
Senior unsecured notes | Senior notes - 4.47% due 2025 | SOFR
Debt Instrument [Line Items]
Credit spread	3.65%
Senior unsecured notes | Senior notes - 4.47% due 2025 | LIBOR
Debt Instrument [Line Items]
Credit spread		3.65%
Senior unsecured notes | Senior notes - 4.08% due 2026
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate	4.08%	4.08%
Senior unsecured notes | Senior notes - 4.00% due 2026
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Interest rate	4%	4%
Senior unsecured notes | Senior notes - SOFR + 3.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 75,000	$ 75,000
Interest rate	9.27%	8.51%
Senior unsecured notes | Senior notes - SOFR + 3.75% due 2027 | SOFR
Debt Instrument [Line Items]
Credit spread	3.75%
Senior unsecured notes | Senior notes - 4.57% due 2027
Debt Instrument [Line Items]
Gross debt	$ 75,000	$ 75,000
Interest rate	4.57%	4.57%
Senior unsecured notes | Senior notes - 4.57% due 2027 | SOFR
Debt Instrument [Line Items]
Credit spread	3.75%
Senior unsecured notes | Senior notes - 4.57% due 2027 | LIBOR
Debt Instrument [Line Items]
Credit spread		3.75%
Senior unsecured notes | Senior notes - 4.24% due 2028
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate	4.24%	4.24%
Senior unsecured notes | Senior notes - 4.82% due 2029
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate	4.82%	4.82%
Senior unsecured notes | Senior notes - 4.75% due 2030
Debt Instrument [Line Items]
Gross debt	$ 400,000	$ 400,000
Interest rate	4.75%	4.75%
Senior exchangeable notes | Senior exchangeable notes - 0.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 175,000	$ 175,000
Interest rate	0.75%	0.75%

MORTGAGE AND OTHER INDEBTEDNE_8

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Term Loans and Revolving Line of Credit (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) extension	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Gross debt	$ 2,843,202	$ 2,978,256
Unsecured credit facility revolving line of credit
Debt Instrument [Line Items]
Gross debt	$ 39,000	$ 0
Interest rate	6.51%	5.56%
Number of extension options | extension	2
Maturity date extension period	6 months
Extension fee percentage	0.00075
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 820,000	$ 820,000
Unsecured term loans | Unsecured term loan due 2024
Debt Instrument [Line Items]
Gross debt	$ 120,000	$ 120,000
Interest rate	2.68%	2.68%
Unsecured term loans | Unsecured term loan due 2024 | SOFR
Debt Instrument [Line Items]
Gross debt	$ 120,000
Fixed interest rate	1.58%
Variable interest rate	1.10%	1.10%
Unsecured term loans | Unsecured term loan due 2024 | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread	0.80%
Unsecured term loans | Unsecured term loan due 2024 | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread	1.65%
Unsecured term loans | Unsecured term loan due 2025
Debt Instrument [Line Items]
Gross debt	$ 250,000	$ 250,000
Interest rate	5.09%	5.09%
Number of extension options | extension	3
Maturity date extension period	1 year
Unsecured term loans | Unsecured term loan due 2025 | SOFR
Debt Instrument [Line Items]
Gross debt	$ 250,000
Fixed interest rate	5.09%
Unsecured term loans | Unsecured term loan due 2026
Debt Instrument [Line Items]
Gross debt	$ 150,000	$ 150,000
Interest rate	2.73%	2.73%
Unsecured term loans | Unsecured term loan due 2026 | SOFR
Debt Instrument [Line Items]
Gross debt	$ 150,000
Fixed interest rate	1.68%
Variable interest rate	1.05%	1.05%
Unsecured term loans | Unsecured term loan due 2026 | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread	0.75%
Unsecured term loans | Unsecured term loan due 2026 | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread	1.60%
Unsecured term loans | Unsecured term loan due 2029
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Interest rate	4.05%	4.05%
Unsecured term loans | Unsecured term loan due 2029 | SOFR
Debt Instrument [Line Items]
Gross debt	$ 300,000
Fixed interest rate	2.70%
Variable interest rate	1.35%	1.35%
Unsecured term loans | Unsecured term loan due 2029 | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread	1.15%
Unsecured term loans | Unsecured term loan due 2029 | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread	2.20%

MORTGAGE AND OTHER INDEBTEDNE_9

MORTGAGE AND OTHER INDEBTEDNESS - Summary of Revolving Facility (Details) - Revolving Credit Facility	1 Months Ended	9 Months Ended
	Jul. 31, 2022 USD ($) extension	Sep. 30, 2023 USD ($) extension
Line of Credit Facility [Line Items]
Number of extension options		2
Maturity date extension period		6 months
Extension fee percentage		0.00075
Kite Realty Group, L.P.
Line of Credit Facility [Line Items]
Line of credit, aggregate borrowing capacity | $	$ 1,100,000,000	$ 1,100,000,000
Number of extension options	2	2
Maturity date extension period	6 months	6 months
Extension fee percentage		0.00075
Kite Realty Group, L.P. | SOFR
Line of Credit Facility [Line Items]
SOFR adjustment	0.10%	0.10%
Kite Realty Group, L.P. | Minimum | Leverage-based pricing
Line of Credit Facility [Line Items]
Facility fee		0.15%
Kite Realty Group, L.P. | Minimum | Investment grade pricing
Line of Credit Facility [Line Items]
Facility fee		0.125%
Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Line of Credit Facility [Line Items]
Credit spread		1.05%
Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Line of Credit Facility [Line Items]
Credit spread		0.725%
Kite Realty Group, L.P. | Maximum | Leverage-based pricing
Line of Credit Facility [Line Items]
Facility fee		0.30%
Kite Realty Group, L.P. | Maximum | Investment grade pricing
Line of Credit Facility [Line Items]
Facility fee		0.30%
Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Line of Credit Facility [Line Items]
Credit spread		1.50%
Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Line of Credit Facility [Line Items]
Credit spread		1.40%

MORTGAGE AND OTHER INDEBTEDN_10

MORTGAGE AND OTHER INDEBTEDNESS - Summary of Unsecured Term Loans (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) extension	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Gross debt	$ 2,843,202,000	$ 2,978,256,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	820,000,000	820,000,000
Unsecured term loans | $120M unsecured term loan
Debt Instrument [Line Items]
Gross debt	120,000,000	120,000,000
Unsecured term loans | $120M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread	0.80%
Unsecured term loans | $120M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread	1.65%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
SOFR adjustment	0.10%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread	1.20%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	0.80%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread	1.70%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	1.65%
Unsecured term loans | $250M unsecured term loan
Debt Instrument [Line Items]
Gross debt	$ 250,000,000	250,000,000
Number of extension options | extension	3
Maturity date extension period	1 year
Unsecured term loans | $250M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	$ 250,000,000
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 250,000,000
Number of extension options | extension	3
Maturity date extension period	1 year
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
SOFR adjustment	0.10%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread	2%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	2%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread	2.55%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	2.50%
Unsecured term loans | $150M unsecured term loan
Debt Instrument [Line Items]
Gross debt	$ 150,000,000	150,000,000
Unsecured term loans | $150M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	$ 150,000,000
Unsecured term loans | $150M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread	0.75%
Unsecured term loans | $150M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread	1.60%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 150,000,000
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
SOFR adjustment	0.10%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread	1.20%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	0.75%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread	1.70%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	1.60%
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Gross debt	$ 300,000,000	$ 300,000,000
Unsecured term loans | $300M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	$ 300,000,000
Unsecured term loans | $300M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread	1.15%
Unsecured term loans | $300M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread	2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 300,000,000
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
SOFR adjustment	0.10%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread	2.20%

MORTGAGE AND OTHER INDEBTEDN_11

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Amortization (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Debt Disclosure [Abstract]
Amortization of debt issuance costs	$ 2,685	$ 2,169

DERIVATIVE INSTRUMENTS, HEDGI_3

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Summary of Terms and Fair Value of Derivative Financial Instruments (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($) instrument	Dec. 31, 2022 USD ($)
Interest Rate Swap | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 820,000
Fair value assets (liabilities)	$ 28,968	$ 30,770
$250M Interest Rate Swap Maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	4
Notional amount	$ 250,000
Fair value assets (liabilities)	$ 9,158	7,134
$250M Interest Rate Swap Maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.99%
$100M Interest Rate Swap Maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Notional amount	$ 100,000
Fair value assets (liabilities)	$ 4,012	3,616
$100M Interest Rate Swap Maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.66%
$200M Interest Rate Swap Maturing in 2023 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Notional amount	$ 200,000
Fair value assets (liabilities)	$ 750	3,663
$200M Interest Rate Swap Maturing in 2023 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.72%
$120M Interest Rate Swap Maturing in 2024 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Notional amount	$ 120,000
Fair value assets (liabilities)	$ 3,557	5,461
$120M Interest Rate Swap Maturing in 2024 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	1.58%
$150M Interest Rate Swap Maturing in 2026 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Notional amount	$ 150,000
Fair value assets (liabilities)	$ 11,491	10,896
$150M Interest Rate Swap Maturing in 2026 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	1.68%
$155M Interest Rate Swap Maturing in 2025 | Fair Value
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Notional amount	$ 155,000
Fair value assets (liabilities)	$ (12,791)	$ (14,177)
Blended fixed interest rate	4.52%
$155M Interest Rate Swap Maturing in 2025 | Fair Value | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Credit spread	3.70%
Blended floating interest rate	3.70%
$155M Interest Rate Swap Maturing in 2025 | Fair Value | LIBOR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blended floating interest rate		3.70%
$200M Forward-Starting Interest Rate Swap Maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Notional amount	$ 200,000
Fair value assets (liabilities)	$ 8,187	$ 4,370
$200M Forward-Starting Interest Rate Swap Maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.37%

DERIVATIVE INSTRUMENTS, HEDGI_4

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Additional Information (Details) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2022 USD ($) derivativeContract	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into income, effective portion, net		$ 5.5	$ (1.2)	$ 13.2	$ (8.6)
$150M Forward-Starting Interest Rate Swap Maturing in 2032
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of terminated interest rate swap contracts | derivativeContract	2
Notional amount	$ 150
Proceeds from terminated interest rate swap contracts	$ 30.9
Amount reclassified from terminated interest rate swap contracts				3.1
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount expected to be reclassified to interest expense over the next 12 months				$ 28.4

SHAREHOLDERS_ EQUITY (Details)

SHAREHOLDERS’ EQUITY (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Feb. 28, 2021
Class of Stock [Line Items]
Dividends declared per common share (in USD per share)	$ 0.24	$ 0.22	$ 0.72	$ 0.63
Common shares, par value (in USD per share)	$ 0.01		$ 0.01		$ 0.01
Aggregate value of shares authorized to be repurchased	$ 300,000,000		$ 300,000,000
Number of shares repurchased (in shares)			0
ATM Offering Program
Class of Stock [Line Items]
Aggregate sales price of shares authorized to be sold under ATM program						$ 150,000,000
Common shares, par value (in USD per share)						$ 0.01
Number of shares sold under ATM program (in shares)			0

EARNINGS PER SHARE OR UNIT (Det

EARNINGS PER SHARE OR UNIT (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Weighted average limited partner units outstanding, basic (in shares)	3,300,000	3,000,000	3,100,000	2,700,000
Dilutive impact of securities (in shares)		0		0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2021	Dec. 31, 2017
Guarantor Obligations [Line Items]
Letters of credit outstanding	$ 300,000
Letters of credit outstanding, amount advanced	0
Embassy Suites at Eddy St. Commons JV
Guarantor Obligations [Line Items]
Ownership percentage in equity method investment			35%
Construction loan payable	32,900,000
Embassy Suites at Eddy St. Commons JV | Repayment Guarantee
Guarantor Obligations [Line Items]
Current amount of obligation			$ 5,900,000
Embassy Suites at Eddy St. Commons JV | Repayment Guarantee | Construction Loan
Guarantor Obligations [Line Items]
Current amount of obligation	11,500,000
Embassy Suites at Eddy St. Commons JV | Construction Loan
Guarantor Obligations [Line Items]
Repayment guaranties			$ 33,800,000
Buckingham JV at The Corner
Guarantor Obligations [Line Items]
Construction loan payable	52,400,000
Buckingham JV at The Corner | Repayment Guarantee | Construction Loan
Guarantor Obligations [Line Items]
Current amount of obligation	$ 26,200,000
Buckingham JV at The Corner | Construction Loan
Guarantor Obligations [Line Items]
Repayment guaranties		$ 66,200,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Millions	Aug. 07, 2023 USD ($)
KRG Development, LLC | Sale of Project Rights and Obligations | Related Party
Related Party Transaction [Line Items]
Related party transaction, amount	$ 3.5

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Disposed of by Sale		9 Months Ended
	Oct. 24, 2023 USD ($) ft²	Sep. 30, 2023 USD ($) ft²	Sep. 30, 2022 USD ($) ft²
Subsequent Event [Line Items]
Square footage | ft²		534,855	100,016
Sales price		$ 127,625,000	$ 65,550,000
Gain (loss)		$ 22,468,000	$ 27,126,000
Subsequent Event | Eastside
Subsequent Event [Line Items]
Square footage | ft²	43,640
Sales price	$ 14,400,000
Gain (loss)	$ 0