DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

Sep. 30, 2025

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, 2025 and December 31, 2024 (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, 2025		December 31, 2024
Cash Flow	Four	$	250,000	SOFR	2.99	%	12/1/2022	10/24/2025	$	184	$	2,307
Cash Flow	Two	—		SOFR	2.66	%	8/1/2022	8/1/2025	—		884
Cash Flow	Two	—		SOFR	2.37	%	11/22/2023	8/1/2025	—		2,101
Cash Flow(2)	Three	150,000		SOFR	1.68	%	8/15/2022	7/17/2026	2,338		5,316
		$	400,000						$	2,522	$	10,608

Fair Value(3)	Two	$	—	SOFR	SOFR + 3.70%		4/23/2021	9/10/2025	$	—	$	(3,937)

(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)These interest rate swaps were assigned to the Company’s $300M Term Loan effective August 1, 2025.

(3)The derivative agreements swapped a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR plus 3.70% through September 10, 2025.

KITE REALTY GROUP TRUST 10-Q