Note
      2. Basis of Presentation, Consolidation, Investments in Joint
      Ventures, and Noncontrolling Interests
The
      Company’s management has prepared the accompanying
      unaudited financial statements pursuant to the rules and
      regulations of the SEC.  Certain information and
      footnote disclosures normally included in the financial
      statements prepared in accordance with accounting principles
      generally accepted in the United States (“GAAP”)
      may have been condensed or omitted pursuant to such rules and
      regulations, although management believes that the
      disclosures are adequate to make the presentation not
      misleading.  The unaudited financial statements as
      of March 31, 2012 and for the three months ended March 31,
      2012 and 2011 include, in the opinion of management, all
      adjustments, consisting of normal recurring adjustments,
      necessary to present fairly the financial information set
      forth therein.  The consolidated financial
      statements in this Form 10-Q should be read in conjunction
      with the audited consolidated financial statements and
      related notes thereto included in the Company’s 2011
      Annual Report on Form 10-K.  The preparation of
      financial statements in accordance with GAAP requires
      management to make estimates and assumptions that affect the
      disclosure of contingent assets and liabilities, the reported
      amounts of assets and liabilities at the date of the
      financial statements, and the reported amounts of revenue and
      expenses during the reported period.  Actual
      results could differ from these estimates.  The
      results of operations for the interim periods are not
      necessarily indicative of the results that may be expected on
      an annual basis.
Consolidation
      and Investments in Joint Ventures
The
      accompanying financial statements of the Company are
      presented on a consolidated basis and include all accounts of
      the Company, the Operating Partnership, the taxable REIT
      subsidiary of the Operating Partnership, subsidiaries of the
      Company or the Operating Partnership that are controlled and
      any variable interest entities (“VIEs”) in which
      the Company is the primary beneficiary.  In
      general, a VIE is a corporation, partnership, trust or any
      other legal structure used for business purposes that either
      (a) has equity investors that do not provide sufficient
      financial resources for the entity to support its activities,
      (b) does not have equity investors with voting rights or (c)
      has equity investors whose votes are disproportionate from
      their economics and substantially all of the activities are
      conducted on behalf of the investor with disproportionately
      fewer voting rights.  The Company consolidates
      properties that are wholly owned as well as properties it
      controls but in which it owns less than a 100%
      interest.  Control of a property is demonstrated
      by, among other factors:
·
the
              Company’s ability to refinance debt and sell
              the property without the consent of any other partner
              or owner;
·
the
              inability of any other partner or owner to replace
              the Company as manager of the property; or
·
being
              the primary beneficiary of a VIE.  The
              primary beneficiary is defined as the entity that has
              (i) the power to direct the activities of the VIE
              that most significantly impact the VIE’s
              economic performance, and (ii) the obligation to
              absorb losses or the right to receive benefits that
              could potentially be significant to the VIE.
The
      Company considers all relationships between itself and the
      VIE, including 
Free historical financial statements for Kite Realty Group Trust.
                            See how revenue, income, cash flow, and balance sheet financials have changed over 55 quarters since 2012. Compare with KRG stock chart to see long term trends.
Data imported from Kite Realty Group Trust SEC filings. Check original filings before making any investment decision.