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Kite Realty Group Trust - KRG STOCK NEWS

Welcome to our dedicated page for Kite Realty Group Trust news (Ticker: KRG), a resource for investors and traders seeking the latest updates and insights on Kite Realty Group Trust stock.

Kite Realty Group Trust (NYSE: KRG) is a full-service, vertically-integrated real estate investment trust (REIT) headquartered in Indianapolis, IN. The company specializes in the ownership, operation, acquisition, development, and redevelopment of high-quality open-air shopping centers and mixed-use assets across the United States.

As of June 30, 2016, Kite Realty Group Trust had interests in a portfolio of 121 operating, development, and redevelopment properties totaling approximately 24 million square feet located in 20 states. Their core business strategy focuses on maximizing the cash flow of their operating properties, successfully completing the construction and lease-up of their development portfolio, and identifying additional growth opportunities through acquisitions and redevelopments.

The company places a significant emphasis on grocery-anchored neighborhood and community centers, particularly in high-growth Sun Belt regions and select strategic gateway markets. This, combined with vibrant mixed-use assets, makes their portfolio appealing to both retailers and consumers.

One of their latest projects includes the management of Cool Springs Market in Franklin, Tennessee, which welcomes a new Nordstrom Rack store scheduled to open in fall 2024. This addition highlights the company's continuous efforts in enhancing their property offerings and expanding their footprint in strategic locations.

Kite Realty Group Trust generates a majority of its revenue from contractual rents and reimbursement payments received from tenants. Their long-term success is driven by nearly 60 years of experience in developing, constructing, and operating real estate, coupled with a robust strategy to leverage existing infrastructure and relationships to generate attractive risk-adjusted returns.

For more information, please visit kiterealty.com.

News

Kite Realty Group Trust to Report First Quarter 2024 Financial Results on April 30, 2024

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Kite Realty Group Trust (KRG) will release its financial results for the quarter ending March 31, 2024, on April 30, 2024. A conference call to discuss the results will be held on May 1, 2024, at 1:00 p.m. Eastern Time. Investors can register for the call and access the webcast on the company's website.
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Fitch Upgrades Kite Realty Group Trust’s Rating Outlook to ‘Positive’ from ‘Stable’

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Kite Realty Group Trust (NYSE: KRG) received a positive rating outlook revision from Fitch Ratings, moving from 'Stable' to 'Positive'. Fitch affirmed the Company's ratings, including the 'BBB' Issuer Default Rating, citing improved leverage and a diversified portfolio. The revision acknowledges KRG's advantageous positioning in key markets like Texas, Florida, New York City, Washington, D.C., and Seattle, with potential for further positive rating changes in the coming months.
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Kite Realty Group Trust to Present at the Citi 2024 Global Property CEO Conference

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Kite Realty Group Trust (KRG) will present at the Citi 2024 Global Property CEO Conference on March 4, 2024. Investors can access the live webcast and view the Q4 2023 Investor Update on kiterealty.com.
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Kite Realty Group Trust Upgraded by Moody’s to Baa2 with Stable Outlook

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Kite Realty Group Trust (NYSE: KRG) receives an upgraded corporate credit rating from Moody's to Baa2 with a stable outlook. Moody's highlights the company's diversified retail property portfolio, strong cash flows, moderate leverage, and sound liquidity.
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Kite Realty Group Trust Reports Fourth Quarter and Full Year 2023 Operating Results and Provides 2024 Guidance

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Kite Realty Group Trust (KRG) reported strong financial and operational results for the fourth quarter and full year 2023. The company achieved a net income of $47.5 million for 2023, compared to a net loss of $12.6 million in 2022. NAREIT FFO per share increased by 4.6% year-over-year, and the company leased approximately 4.9 million square feet in 2023 with a 14.3% cash leasing spread. KRG's Same Property NOI increased by 4.8% in 2023. The company issued $350 million of senior unsecured notes and provided a positive outlook for 2024.
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Kite Realty Group Trust Announces Tax Reporting Information for 2023 Dividend Distributions

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Kite Realty Group Trust (KRG) announced the allocations of the Company's 2023 dividend distributions on its common stock. The total distribution per share was $0.96, with $0.86968 being ordinary dividends and $0.09032 being capital gain distribution. The allocations represent a return of stockholders’ original investment and may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code of 1986.
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Kite Realty Group Trust Announces Pricing of $350 Million Senior Notes Offering

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Kite Realty Group Trust (NYSE: KRG) announced the pricing of a $350 million aggregate principal amount of 5.500% Senior Notes due 2034 in an underwritten public offering. The Notes will be issued at 98.670% of par value with a yield to maturity of 5.673%. The offering is expected to close on January 17, 2024, and the net proceeds will be used to repay outstanding indebtedness and for general corporate purposes.
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Kite Realty Group Trust to Report Fourth Quarter 2023 Financial Results on February 13, 2024

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Kite Realty Group Trust (NYSE: KRG) will release financial results for the quarter ending December 31, 2023, after the market closes on Tuesday, February 13, 2024. The company will conduct a conference call to discuss its financial results on Wednesday, February 14, 2024 at 1:00 p.m. Eastern Time. A live webcast of the conference call will also be available at kiterealty.com.
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Nordstrom Rack to Open New Location in Franklin, Tennessee

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Nordstrom, Inc. (NYSE: JWN) plans to open a new Nordstrom Rack in Franklin, Tennessee in fall 2024. The 24,000-square-foot store will be located in Cool Springs Market, owned and managed by Kite Realty Group Trust (NYSE: KRG). Nordstrom Rack offers up to 70 percent off on-trend apparel, accessories, beauty, home, and shoes from top brands. The expansion aims to deliver a more convenient and interconnected experience across its stores and digital platforms, contributing to the physical footprint and economic impact in Tennessee.
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Kite Realty Group Trust Reports Third Quarter 2023 Operating Results

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Kite Realty Group Trust reported its operating results for Q3 2023, showing a net income of $2.1 million compared to a net loss of $7.8 million in Q3 2022. For the nine months ended September 30, 2023, net income was $39.5 million compared to a net loss of $11.5 million in the same period in 2022. The company raised its 2023 guidance and achieved a positive credit rating outlook upgrade from S&P Global Ratings. They also acquired Prestonwood Place for $81.0 million.
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FAQ

What is the current stock price of Kite Realty Group Trust (KRG)?

The current stock price of Kite Realty Group Trust (KRG) is $27.16 as of November 20, 2024.

What is the market cap of Kite Realty Group Trust (KRG)?

The market cap of Kite Realty Group Trust (KRG) is approximately 6.0B.

What is Kite Realty Group Trust?

Kite Realty Group Trust is a full-service, vertically-integrated REIT engaged primarily in the ownership, operation, acquisition, development, and redevelopment of high-quality open-air shopping centers and mixed-use assets in the U.S.

Where is Kite Realty Group Trust headquartered?

Kite Realty Group Trust is headquartered in Indianapolis, IN.

What is the company's primary business focus?

The company focuses on owning, operating, acquiring, developing, and redeveloping high-quality neighborhood and community shopping centers and mixed-use assets.

How large is Kite Realty Group Trust's property portfolio?

As of June 30, 2016, the company owned interests in 121 properties totaling approximately 24 million square feet across 20 states.

What is the company's strategy?

Kite Realty Group Trust aims to maximize the cash flow of their operating properties, complete the construction and lease-up of their development portfolio, and identify further growth opportunities through acquisitions and redevelopments.

How does Kite Realty Group Trust generate revenue?

The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.

What recent projects has Kite Realty Group Trust been involved in?

One of their notable projects includes managing Cool Springs Market in Franklin, TN, where a new Nordstrom Rack store is set to open in fall 2024.

What sectors does Kite Realty Group Trust focus on?

The company focuses on the shopping center sector, particularly in markets where they can leverage their existing infrastructure and relationships.

How long has Kite Realty Group Trust been in business?

Publicly listed since 2004, Kite Realty Group Trust has nearly 60 years of experience in the real estate industry.

Where can more information about Kite Realty Group Trust be found?

More information can be found on their official website at https://kiterealty.com.

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Kite Realty Group Trust

NYSE:KRG

KRG Rankings

#1167 Ranked by Market Cap
#765 Ranked by Dividends

KRG Stock Data

5.95B
217.78M
0.85%
96.34%
2.53%
REIT - Retail
Real Estate Investment Trusts
Link
United States of America
INDIANAPOLIS