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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.
Kite Realty Group Trust (NYSE: KRG) will announce its financial results for Q3 2022 on November 2, after market close. Following this, a conference call is scheduled for November 3 at 11:00 a.m. Eastern Time to discuss these results. KRG is a leading real estate investment trust focusing on open-air shopping centers and mixed-use properties, with a portfolio that spans approximately 28.8 million square feet. The company emphasizes necessity-based retail, particularly in grocery-anchored centers located in growing markets.
Kite Realty Group (NYSE: KRG) is expanding Southlake Town Square with several new premier retail brands set to open in 2023. The lifestyle destination will welcome brands like gorjana, Aritzia, Mizzen + Main, Faherty, and Tecovas, enhancing its diverse shopping mix. This follows a year of significant growth, with recent additions like Nike and Aerie. The expansion reflects KRG's strategy to optimize its retail portfolio, emphasizing the project’s evolution and potential for increased foot traffic.
Kite Realty Group Trust (NYSE: KRG) has declared a quarterly cash distribution of $0.22 per common share for Q3 2022. This payment is scheduled for on or about October 14, 2022, to shareholders on record as of October 7, 2022. KRG is a leading real estate investment trust focused on open-air shopping centers and mixed-use assets, with a portfolio of nearly 181 properties across key markets. The company emphasizes grocery-anchored centers and has extensive experience in real estate operations, aiming to optimize returns for its investors.
Kite Realty Group Trust (NYSE: KRG) reported strong second-quarter results, leasing approximately 1.2 million square feet with a 13.2% comparable cash leasing spread. The company acquired Palms Plaza in Boca Raton for $35.8 million and increased its 2022 FFO guidance to $1.80 - $1.86 per diluted share.
Net income attributed to common shareholders was $13.1 million, compared to a loss last year. The blended cash leasing spreads across new and renewal leases indicated strong demand, and the retail portfolio's occupancy improved to 93.8%.
Kite Realty Group Trust (NYSE: KRG) will release its financial results for Q2 2022 on August 2, after market close. A conference call is scheduled for August 3 at 1:00 p.m. Eastern Time to discuss these results. KRG is a significant player in the real estate investment trust sector, specializing in open-air shopping centers in growth markets. As of March 31, 2022, KRG owned interests in 181 properties, totaling approximately 28.8 million square feet. The press release highlights the company's commitment to optimizing its portfolio to enhance shareholder value.
Kite Realty Group Trust (NYSE: KRG) will present at Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 1:00 p.m. ET. John Kite, Chairman & CEO, will lead the presentation, highlighting the company’s portfolio of open-air shopping centers and mixed-use assets, primarily located in high-growth Sun Belt markets. As of March 31, 2022, KRG owned interests in 181 properties, totaling approximately 28.8 million square feet. For more details, visit kiterealty.com.
Southlake Town Square, a premier lifestyle destination in Dallas-Fort Worth, is expanding with several new retail openings in 2022. Brands like Aerie, Nike, and a new flagship Lululemon will debut, enhancing the shopping experience. YETI and Brandy Melville will also open locations, alongside new restaurants such as Ferah Tex-Med and Nikko. EVO Entertainment has launched a 68,733-square-foot venue for entertainment and dining. These developments aim to attract shoppers and boost sales for Kite Realty Group (NYSE: KRG).
Kite Realty Group Trust (NYSE: KRG) announced a quarterly cash distribution of $0.21 per common share for Q2 2022, payable on or about July 15, 2022, to shareholders of record by July 8, 2022. The company, based in Indianapolis, is a leading owner and operator of grocery-anchored shopping centers and mixed-use assets across high-growth markets. As of March 31, 2022, KRG owns interests in 181 properties, encompassing approximately 28.8 million square feet of gross leasable space. The firm emphasizes maximizing shareholder returns through its strategic portfolio management.
Kite Realty Group Trust (NYSE: KRG) reported strong first quarter 2022 results, increasing its 2022 funds from operations (FFO) guidance to $1.74-$1.80 per diluted share. The company leased over 1 million square feet with an impressive 16.1% blended cash leasing spread. It also acquired $66 million in high-quality assets and expanded its share repurchase program to $300 million. However, KRG reported a net loss of $16.8 million, contrasting with a net income of $24.6 million from the same quarter last year.
Kite Realty Group Trust (NYSE: KRG) will release its financial results for Q1 2022 on April 28, 2022, after market close. A conference call to discuss these results is scheduled for April 29 at 11:00 a.m. ET. KRG is a leading real estate investment trust focused on open-air shopping centers, with a portfolio of approximately 29 million square feet across 180 properties. The company's strategy includes optimizing its asset mix to enhance value for shareholders. For more information, visit kiterealty.com.
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