Kite Realty Group

Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.

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Kite Realty Group (KRG) reports robust Q4 performance and leasing focus for growth

Kite Realty Group (KRG) delivered strong financial performance in Q4 2022, driven by robust leasing activity and strategic capital allocation.
Despite challenges like potential store closures and debt management, KRG's focus on leasing and portfolio optimization presents growth opportunities.
With a solid performance in 2022 and a leasing-centric strategy for 2023, KRG aims to navigate disruptions and capitalize on rent upside potential.
The company's emphasis on maintaining a strong balance sheet and actively managing tenant-related issues positions it for continued success and growth.

Kite Realty Group (KRG) surpasses Q1 expectations, raises guidance

Kite Realty Group (KRG) delivered strong Q1 2023 results, exceeding expectations and raising guidance. The company's focus on leasing, high margins, and balance sheet strength positions it well for future growth. Challenges include potential impacts from regional banks and adjustments in bad debt assumptions, while opportunities lie in strategic leasing and tenant negotiations.

Kite Realty Group beats Q2 estimates, eyes growth opportunities

KRG's Q2 performance exceeded expectations, with strong operational and financial results.
Focus on diversification, tenant enhancement, and revenue optimization to drive future growth.
Challenges include Bed Bath backfill impact and selective acquisitions amidst market changes.
Opportunities lie in development projects, tenant diversification, and revenue growth strategies.

Kite Realty Group (KRG) reports robust Q3 performance and eyes strategic growth opportunities

Kite Realty Group (KRG) delivered strong financial performance in Q3 2023, supported by proactive leasing strategies and a focus on balance sheet strength. While challenges like bad debt normalization persist, the company remains optimistic and eyes opportunities in leasing capital and portfolio optimization.

Kite Realty Group surpasses earnings targets, eyes aggressive growth

KRG's strong 2023 performance exceeded expectations, with a focus on aggressive leasing and growth in 2024.
Maintaining strong cash flow, low leverage, and selective re-leasing with high-quality tenants.
Challenges include reducing debt to lower leverage and anticipating market recovery by 2025.
Opportunities lie in capital deployment for lease-up programs and maximizing value from existing spaces.

Kite Realty Group sees growth with credit upgrades and asset monetization

KRG's Q1 performance reflects growth in NOI and positive credit rating upgrades, positioning the company for future success.
Despite challenges in lease spreads and market stability, KRG's strategic focus on tenant quality and asset monetization presents growth opportunities.
With a strong balance sheet, diverse tenant mix, and focus on cost control, KRG is poised for continued success and value creation.

Kite Realty Group (KRG) excels in Q2 2024, eyes growth amid challenges

Kite Realty Group (KRG) delivered a strong performance in Q2 2024, marked by operational excellence, improved credit rating, and robust leasing metrics.
While facing challenges such as moderating NOI growth and market uncertainties, KRG's strategic transactions, dividend increase, and financial outlook present opportunities for future growth.
With a focus on operational efficiency, portfolio optimization, and maintaining investor confidence, KRG remains well-positioned to navigate market dynamics and drive long-term value creation.

Kite Realty Group (KRG) reports record leasing and occupancy growth

Kite Realty Group (KRG) delivered a strong Q3 performance marked by record leasing volume, increased portfolio occupancy, and strategic acquisitions. While facing challenges in a competitive market and tenant credit concerns, the company remains focused on growth opportunities, evidenced by its development plans and elevated pipeline. With enhanced financial outlook and shareholder returns, KRG is poised for continued success.

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Retail Properties of America

NEW YORK, July 19, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Retail Properties of America, Inc. ("RPAI" or the "Company") (NYSE: RPAI) in connection with the Company's proposed merger with Kite Realty Group Trust ("Kite Realty") (NYSE: KRG). Under the terms of the merger agreement, RPAI shareholders will receive 0.6230 shares of Kite Realty stock for each RPAI share they own, representing implied per-share merger consideration of approximately $12.98 based upon Kite Realty's July 16, 2021 closing price of $20.83.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Retail Properties of America, Inc.

Kite Realty Group Trust (KRG) CEO John Kite on Kite Realty Group Trust and RPAI Strategic Merger Conference Call (Transcript)

INDIANAPOLIS and CHICAGO, July 19, 2021 /PRNewswire/ -- Kite Realty Group Trust (NYSE: KRG) and Retail Properties of America, Inc. (NYSE: RPAI) today announced that they have entered into a definitive merger agreement under which RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company. The strategic transaction joins together two high-quality portfolios with complementary geographic footprints creating a top five shopping center REIT by enterprise value.

Kite Realty Group Trust and Retail Properties of America, Inc. Announce $7.5 Billion Strategic Merger

INDIANAPOLIS, June 04, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will present at Nareit's REITweek: 2021 Virtual Investor Conference on Wednesday, June 9, 2021 at 8:00 a.m. ET. To access the KRG's live presentation, attendees are required to register for NAREIT's REITweek using the complimentary registration link below.

Kite Realty Group Trust to Present at NAREIT's REITweek: 2021 Virtual Investor Conference

INDIANAPOLIS, June 02, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending June 30, 2021, after the market closes on Monday, August 2. KRG will conduct a conference call to discuss its financial results the following day, August 3, at 11:00 a.m. Eastern Time.

Kite Realty Group Trust to Report Second Quarter 2021 Financial Results on August 2, 2021

INDIANAPOLIS, May 25, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today it has been recognized as a 2021 Green Lease Leader by the U.S. Department of Energy's (DOE) Better Buildings Alliance and the Institute for Market Transformation (IMT). Launched in 2014, Green Lease Leaders set national standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality, and sustainability in buildings.

Kite Realty Group Trust Recognized as 2021 Green Lease Leader by the Department of Energy's Better Buildings Alliance and the Institute for Market Transformation

Kite Realty Group Trust (KRG) CEO John Kite on Q1 2021 Results - Earnings Call Transcript

Kite Realty Group (KRG) delivered FFO and revenue surprises of 6.25% and 4.43%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Kite Realty Group (KRG) Tops Q1 FFO and Revenue Estimates

INDIANAPOLIS, April 29, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) reported today its operating results for the first quarter ended March 31, 2021.

Kite Realty Group Trust Reports First Quarter 2021 Operating Results

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Most strip center REITs cut or suspended dividends in 2020. 2021 dividend reinstatements have been at far more conservative levels.

Strip Center REITs: Crawling From The Wreckage

INDIANAPOLIS, March 25, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) is pleased to announce the appointment of Derrick Burks to its Board of Trustees. Mr. Burks is a retired partner from Ernst & Young (EY) where he served for 15 years, including time as managing partner of EY's Indianapolis office. Kite Realty Group Trust expanded its Board to ten trustees with the addition of Mr. Burks, another independent Board member.

Kite Realty Group Trust Expands Board of Trustees and Announces the Appointment of Derrick Burks

INDIANAPOLIS, March 22, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), has closed its previously announced offering of $175,000,000 aggregate principal amount of 0.75% exchangeable senior notes due 2027. The Operating Partnership also granted the initial purchasers of the notes an option to purchase up to an additional $25,000,000 aggregate principal amount of notes. The notes were sold in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Kite Realty Group Trust Announces Closing of Offering of 0.75% Exchangeable Senior Notes due 2027

INDIANAPOLIS, March 16, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), launched an offering (the “Offering”), subject to market conditions and other factors, of $175 million aggregate principal amount of exchangeable senior notes due 2027 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Operating Partnership also intends to grant the initial purchasers of the notes an option to purchase up to an additional $25 million aggregate principal amount of notes.

Kite Realty Group Trust Announces Proposed Private Offering of $175 Million of Exchangeable Senior Notes

INDIANAPOLIS, March 05, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will present at the Citi 2021 Global Property CEO Conference on Tuesday, March 9, 2021. The presentation information is as follows:

Kite Realty Group Trust to Present at the Citi 2021 Global Property CEO Conference

INDIANAPOLIS, March 05, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending March 31, 2021, after the market closes on Thursday, April 29. KRG will conduct a conference call to discuss its financial results the following day, April 30, at 11:00 a.m. Eastern Time.

Kite Realty Group Trust to Report First Quarter 2021 Financial Results on April 29, 2021

INDIANAPOLIS, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) has formally announced the next phase in the evolution of Glendale Town Center in Indianapolis, Indiana. Through an innovative, multi-faceted redevelopment that includes new retail, multi-family, outlot, and neighborhood improvement components, KRG will transform the community center to improve the visitor experience and maximize value of the asset.

Kite Realty Group Trust Announces Transformational Redevelopment at Glendale Town Center

INDIANAPOLIS, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that the Company closed on the sale of 15 ground leases for gross proceeds of $36.6 million. The Company anticipates closing on an additional 2 ground leases for $5.2 million in the upcoming months, once local government subdivision approvals are obtained.

Kite Realty Group Trust Completes the Sale of 15 Ground Leases

INDIANAPOLIS, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that the Company's Board of Trustees has authorized a new $150 million “at-the-market” stock offering program (the “ATM Program”). Details of the ATM Program are on a Form 8-K that was filed today with the Securities and Exchange Commission (the “SEC”).

Kite Realty Group Trust Announces ATM Program

INDIANAPOLIS, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that the Company's Board of Trustees has authorized a new $150 million share repurchase program, which runs through February 28, 2022 unless otherwise extended by the Board of Trustees.

Kite Realty Group Trust Announces New Share Repurchase Program

INDIANAPOLIS, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it has scheduled its Annual Meeting of Shareholders to be held on Wednesday, May 12, 2021, at 9:00 a.m. Eastern Time. Shareholders of record at the close of business on Wednesday, March 17, 2021, will be entitled to vote at the meeting.

Kite Realty Group Trust Announces Annual Shareholder Meeting

Kite Realty Group Trust's (KRG) CEO John Kite on Q4 2020 Results - Earnings Call Transcript

Kite Realty Group has seen steadily improving operating metrics, and posted strong Q4 results. I see continued momentum in 2021, and the company has no liquidity issues.

3.9% Yield And 95% Rent Collection: Why Kite Realty Is A Buy

INDIANAPOLIS, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) reported today its operating results for the fourth quarter and year ended December 31, 2020.

Kite Realty Group Trust Reports 2020 Operating Results, Provides 2021 Guidance, and Declares Dividend

INDIANAPOLIS, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today the allocations of the company's 2020 dividend distributions on its common stock. The allocations as they will be reported on Form 1099-DIV are as follows:

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