"KRG's corporate responsibility initiatives demonstrate our ongoing commitment to drive sustainable operations and deliver on our long-term goals and strategies," said John A. Kite, Chairman and CEO. "Our efforts enhance our portfolio's performance and enable our team to serve as the most compelling, flexible, and effective link between retailers and consumers, delivering meaningful experiences and longterm value." Reduced Scope 1 and 2 greenhouse gas (GHG) emissions by 7.9% on a year-over-year basis Cumula ...

For more information, please visit KRG's Corporate Responsibility webpage to access the 2023 Corporate Responsibility Report. About Kite Realty Group Trust INDIANAPOLIS, June 27, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today the release of its annual Corporate Responsibility Report, which provides a comprehensive overview of the Company's strategy and initiatives regarding environmental, social, and governance (ESG) practices and policies. The report also details progress, mea ...

KRG Q2 2024 Earnings Conference Call Webcast Link: KRG Second Quarter 2024 Webcast About Kite Realty Group Trust Connect with KRG: LinkedIn | Twitter | Instagram | Facebook This release, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that ...

INDIANAPOLIS, June 18, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending June 30, 2024, after the market closes on Tuesday, July 30, 2024. KRG will conduct a conference call to discuss its financial results on Wednesday, July 31, 2024 at 1:00 p.m. Eastern Time. Dial-In Registration: KRG Second Quarter 2024 Teleconference Registration A live webcast of the conference call will also be available at kiterealty.com. A repla ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Based in Indianapolis, Kite Realty Group (KRG) is in the Finance sector, and so far this year, shares have seen a price change of -2.58%. The real estate investment trust is paying out a dividend of $0.25 per share at the moment, wit ...

SolStock/E+ via Getty Images For some time now we have been enthused about the investment prospects in retail real estate. Shopping center occupancy rates are near a historic high, rents are rising, and new supply isn't being developed to meet demand. We find many of the retail REITs compelling, but today we will focus on Kite Realty Group Trust (NYSE: KRG) because so many of its financial metrics define its shares as being cheap and dramatically undervalued in the market. Shopping Centers As a peer set, re ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32268 Kite Realty Group Trust Commission File Number: 333-202666-01 Kite Realty Group, L.P. KITE REALTY GROUP TRUST KITE REALTY GROUP, L.P ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by it ...

Financial Data and Key Metrics Changes - Kite Realty Group Trust (KRG) reported NAREIT FFO per share of $0.50 for Q1 2024, slightly higher than anticipated due to outperformance in same property NOI and an unbudgeted termination fee [43] - Same property NOI grew by 1.8%, supported by increases in minimum rent and lower bad debt, offset by a decrease in net recoveries [43][44] - The company increased the midpoint of its 2024 FFO guidance by $0.02, now ranging from $2.02 to $2.08 [24][21] Business Line Data and Key Metrics Changes - KRG executed 53 anchor leases to 36 different brands since the beginning of 2022, with over 90% being national tenants [20] - The average annual growth for new and non-option renewal shop leases signed in Q1 2024 was 3.4%, with 70% of these leases having fixed rent bumps of 4% or greater [39][82] - The company’s grocery exposure increased by 400 basis points to nearly 80% [20] Market Data and Key Metrics Changes - The company noted that the majority of its revenue comes from the Sun Belt, with attractive gateway markets like New York, D.C., and Seattle also contributing [4] - KRG's properties are highly sought after in the private market, despite the stock trading at a discount [33] Company Strategy and Development Direction - KRG is focused on maintaining a disciplined leasing approach, prioritizing quality and growth to strengthen cash flow and generate strong returns [21] - The company plans to spend over $200 million in tenant improvements and leasing commissions over the next two years, which is expected to generate significant free cash flow [74] - KRG aims to improve its credit profile and reduce its cost of debt, with recent upgrades from Moody's and Fitch [45][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market's activity and liquidity, particularly in open-air retail, which is experiencing strong demand [33] - The company anticipates same property NOI growth to accelerate in the latter half of 2024, providing a solid foundation for growth into 2025 and 2026 [25][63] - Management highlighted the importance of focusing on internal value creation and executing leasing strategies rather than engaging in stock buybacks at this time [78] Other Important Information - KRG's current stock price is viewed as an attractive entry point for investors, with significant occupancy gains expected over the next two years [46] - The company has 26 boxes in its inventory, with a focus on leasing to high-quality tenants [114] Q&A Session Summary Question: Can you provide details on the lease termination fee in the quarter? - Management confirmed that the lease termination fee was unanticipated and discussed its positive impact on the financials [73] Question: What is the company's appetite for acquisitions given the current market? - Management indicated that while they are looking for opportunities, the focus remains on internal leasing strategies that yield high returns [51][75] Question: How does the company view the current leasing environment and rent negotiations? - Management noted that they are seeing strong demand and are focused on negotiating favorable terms, including fixed CAM and rent bumps [119][80] Question: What percentage of existing in-place rents have fixed rent bumps? - Approximately 50% of the leases have fixed rent bumps, with a goal to increase this percentage over time [80] Question: How does the company plan to manage its inventory of boxes? - Management stated that they are actively negotiating leases and have a positive sentiment regarding demand across various segments [91][114]