Kite Realty Trust(US:KRG)2025-02-13 01:18Financial Performance & Portfolio Composition - Same Property NOI increased by 4.8% for the three months ended December 31, 2024, and 3.0% for the year ended December 31, 2024[66] - The company's share of Net Debt is $2777673000, resulting in a Net Debt to Adjusted EBITDA ratio of 4.7x[72] - As of Q4 2024, Grocery/Big Box Wine & Spirits tenants account for 25% of the total portfolio ABR, while Discount Retailers account for 17%[44] Leasing & Occupancy - Anchor and shop leased percentages increased year-over-year by 160 bps and 40 bps, respectively[6] - Of the $27300000 signed-not-open pipeline, 42% is from anchor tenants and 58% is from shop tenants[10] - The company acquired Parkside West Cobb in Q3 2024, a community center with 142000 SF and 100% leased rate, and Village Commons in Q1 2025, a community center with 171000 SF and 94.8% leased rate[37, 38] Strategic Focus & Growth - The company is primarily concentrated in Sun Belt markets with select strategic gateway market presence[4] - The company is predominantly focused on grocery-anchored centers along with vibrant mixed-use and lifestyle assets[4] - The company received credit rating upgrades from S&P to BBB and Moody's to Baa2 in 2024[4] Forward-Looking Statements - The Investor Update contains forward-looking statements based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors[49]