"The KRG team delivered another exceptional quarter with approximately 1.2 million square feet of total leasing volume, while generating 15.6% blended cash spreads," said John A. Kite, Chairman and CEO. "The combination of our superior operating platform and premier open-air portfolio has enabled our team to enhance the quality of our merchandising mix and drive higher embedded rent bumps. S&P and Moody's recent upgrades reflect the strength of our credit metrics and our commitment to maintaining a formidab ...

INDIANAPOLIS, June 28, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that S&P Ratings ("S&P") upgraded its issuer credit rating for Kite Realty Group Trust and the Company's Operating Partnership, Kite Realty Group L.P., to 'BBB' from 'BBB-', with a stable outlook. About Kite Realty Group Trust Connect with KRG: LinkedIn | Twitter | Instagram | Facebook Safe Harbor This release, together with other statements and information publicly disseminated by us, contains certain forward ...

Core Viewpoint - Kite Realty Group Trust has received an upgrade in its issuer credit rating from S&P Ratings, reflecting improved financial stability and outlook for the company [3][4]. Company Overview - Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) based in Indianapolis, IN, specializing in open-air shopping centers and mixed-use assets [4]. - The company primarily focuses on grocery-anchored properties located in high-growth Sun Belt regions and strategic gateway markets [4]. - As of March 31, 2024, Kite Realty owned interests in 180 U.S. open-air shopping centers and mixed-use assets, totaling approximately 28.1 million square feet of gross leasable space [4]. Financial Performance - The upgrade to a 'BBB' rating from S&P is attributed to the company's successful deleveraging of its balance sheet following its merger with RPAI [4]. - S&P anticipates that Kite Realty will likely enhance its leased occupancy and rental income over the next few years due to sustained demand for its well-located properties amid limited supply in certain markets [4].

"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 ...