Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.
IPO Year: 2004
Exchange: NYSE
Website: kiterealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2024 | $23.00 → $26.00 | Underweight → Equal Weight | Wells Fargo |
| 8/16/2024 | $28.00 | Mkt Perform → Strong Buy | Raymond James |
| 4/18/2024 | $23.00 | Hold → Buy | Jefferies |
| 9/5/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 5/24/2023 | $20.00 | Underweight | Wells Fargo |
| 4/24/2023 | $23.00 | Neutral | JP Morgan |
| 1/6/2023 | $26.00 → $25.00 | Outperform → Neutral | Robert W. Baird |
| 11/9/2022 | $22.00 → $25.00 | Neutral → Buy | BofA Securities |
| 9/19/2022 | $20.00 → $22.00 | Neutral → Buy | Citigroup |
| 6/30/2022 | $27.00 → $20.00 | Buy → Hold | Jefferies |
Advances Ongoing Commitment to Refreshment and Strong Corporate Governance Biumi Brings More Than 40 Years of Senior Financial, Operational and Board Experience Hilliard M. Eure III Retires From the Board MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services Company, today announced the appointment of Bonnie S. Biumi to its Board of Directors, effective September 1, 2024. Ms. Biumi, 62, will also serve as chair of the Audit Committee, replacing Hilliard M. Eure III, who simultaneously will retire from the Board after 20 years of service. Ms. Biumi brings more than 40 years of public accounting and operational leadership experience across di
INDIANAPOLIS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2024. For the quarters ended September 30, 2024 and 2023, net income attributable to common shareholders was $16.7 million, or $0.08 per diluted share, compared to $2.1 million, or $0.01 per diluted share, respectively. For the nine months ended September 30, 2024 and 2023, net loss attributable to common shareholders was $17.8 million, or $0.08 per diluted share, compared to net income of $39.5 million, or $0.18 per dilu
INDIANAPOLIS, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (the "Company"), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, announced today that, on October 3, 2024, it closed on an amended $1.1 billion unsecured revolving credit facility (the "Revolving Credit Facility") and an amended $250 million unsecured term loan facility (the "Term Loan Facility"). The term of the Revolving Credit Facility was extended three years and now matures on October 3, 2028 with the option to further extend such maturity date by either one 1-year period or up to two 6-month periods, subject to the payment of an extension f
INDIANAPOLIS, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending September 30, 2024, after the market closes on Wednesday, October 30, 2024. KRG will conduct a conference call to discuss its financial results on Thursday, October 31, 2024 at 11:00 a.m. Eastern Time. KRG Q3 2024 Earnings Conference Call Dial-In Registration: KRG Third Quarter 2024 Teleconference Registration Webcast Link: KRG Third Quarter 2024 Webcast A live webcast of the conference call will also be available at kiterealty.com. A replay of the call will remain available on the corporate website. About Kite Realty GroupKite
INDIANAPOLIS, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will present at the 2024 BofA Securities Global Real Estate Conference on Wednesday, September 11, 2024, at 10:20am ET. The presentation information is as follows: Event: Kite Realty Group Management PresentationWhen: September 11, 2024, at 10:20 a.m. EDTLive Webcast: Kite Realty Group BofA Securities 2024 Global Real Estate Conference Investor Presentation: KRG Q2 2024 Investor Update A replay of the webcast will be available at kiterealty.com within 24 hours after the conclusion of the conference. About Kite Realty Group Trust Kite Realty Group (NYSE:KRG) is a real esta
Advances Ongoing Commitment to Refreshment and Strong Corporate Governance Biumi Brings More Than 40 Years of Senior Financial, Operational and Board Experience Hilliard M. Eure III Retires From the Board MarineMax, Inc. (NYSE:HZO), the world's largest recreational boat, yacht and superyacht services Company, today announced the appointment of Bonnie S. Biumi to its Board of Directors, effective September 1, 2024. Ms. Biumi, 62, will also serve as chair of the Audit Committee, replacing Hilliard M. Eure III, who simultaneously will retire from the Board after 20 years of service. Ms. Biumi brings more than 40 years of public accounting and operational leadership experience across di
INDIANAPOLIS, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (the "Company") announced today that, on August 13, 2024, its operating partnership, Kite Realty Group, L.P. (the "Operating Partnership"), priced an offering of $350 million aggregate principal amount of 4.950% Senior Notes due 2031 (the "Notes") in an underwritten public offering. The Notes will be issued at 99.328% of par value with a yield to maturity of 5.062%. Interest on the Notes is payable semi-annually on June 15 and December 15 of each year, beginning on December 15, 2024. The offering is expected to close on August 15, 2024, subject to the satisfaction of customary closing conditions. The Operat
INDIANAPOLIS, July 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the second quarter ended June 30, 2024. For the quarters ended June 30, 2024 and 2023, net loss attributable to common shareholders was $48.6 million, or $0.22 per diluted share, compared to net income of $32.1 million, or $0.15 per diluted share, respectively. For the six months ended June 30, 2024 and 2023, net loss attributable to common shareholders was $34.5 million, or $0.16 per diluted share, compared to net income of $37.4 million, or $0.17 per dilute
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. In its public announcement on the matter, S&P cited "Kite Realty Group Trust has further deleveraged its balance sheet following its merger with RPAI" and noted "the Company will likely improve its leased occupancy and rents over the next couple of years due to our view that demand for its well-located, open-air centers will remain healthy amid limited supply in some markets." About Kite Realty Gr
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, measurements, and case studies around each of the Company's goals and related initiatives. "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 e
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. KRG Q2 2024 Earnings Conference Call Dial-In Registration: KRG Second Quarter 2024 Teleconference Registration Webcast Link: KRG Second Quarter 2024 Webcast A live webcast of the conference call will also be available at kiterealty.com. A replay of the call will remain available on the corporate website. About Kite Realty Group TrustKite Rea
-SEC Filing
Wells Fargo analyst Dori Kesten maintains Kite Realty Gr Trust (NYSE:KRG) with a Underweight and raises the price target from $22 to $23.
2024 Earnings GuidanceThe Company expects to generate net income attributable to common shareholders of $0.30 to $0.36 per diluted share in 2024. The Company is raising its 2024 NAREIT FFO guidance range to $2.02 to $2.08 per diluted share from $2.00 to $2.06 per diluted share, based, in part, on the following assumptions:2024 Same Property NOI range of 1.5% to 2.5%, which represents a 50-basis point increase at the midpoint.Full-year bad debt assumption of 0.55% to 1.05% of total revenues, which represents a 20-basis point decrease at the midpoint.The following table reconciles the Company's 2024 net income guidance range to the Company's 2024 NAREIT FFO guidance range:LowHigh Net income$0.
Kite Realty Gr Trust (NYSE:KRG) reported quarterly earnings of $0.50 per share which met the analyst consensus estimate. This is a 1.96 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $207.44 million which missed the analyst consensus estimate of $207.86 million by 0.20 percent. This is a 0.33 percent increase over sales of $206.75 million the same period last year.
U.S. residential home prices accelerated in February. Prices defied the gravitational pull of high mortgage costs and surpassed analysts’ expectations as reduced supply and robust economic momentum continued to drive up property valuations. U.S. house prices saw a 1.2% month-over-month growth in February 2024, the largest increase in a single month since April 2022, significantly outpacing expectations of a 0.1% growth, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). Home Prices ‘Rebounded’ Across the nine census divisions, the seasonally adjusted monthly price changes from January 2024 to February 2024 ranged from
Jefferies analyst Linda Tsai upgrades Kite Realty Gr Trust (NYSE:KRG) from Hold to Buy and maintains the price target from $23 to $23.
Jefferies analyst Linda Tsai maintains Kite Realty Gr Trust (NYSE:KRG) with a Hold and lowers the price target from $24 to $23.
2024 Earnings GuidanceThe Company expects to generate net income attributable to common shareholders of $0.29 to $0.35 per diluted share in 2024 and NAREIT FFO of $2.00 to $2.06 per diluted share, based, in part, on the following assumptions:2024 Same Property NOI range of 1.0% to 2.0%.Full-year bad debt assumption of 0.75% to 1.25% of total revenues.The following table reconciles the Company's 2024 net income guidance range to the Company's 2024 NAREIT FFO guidance range:LowHigh Net income$0.29$0.35Depreciation and amortization 1.71 1.71 NAREIT FFO$2.00$2.06
Kite Realty Gr Trust (NYSE:KRG) reported quarterly earnings of $0.50 per share. This is unchanged from the same period last year. The company reported quarterly sales of $200.28 million which missed the analyst consensus estimate of $206.00 million by 2.78 percent. This is a 2.16 percent decrease over sales of $204.69 million the same period last year.
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Wells Fargo upgraded Kite Realty from Underweight to Equal Weight and set a new price target of $26.00 from $23.00 previously
Raymond James upgraded Kite Realty from Mkt Perform to Strong Buy and set a new price target of $28.00
Jefferies upgraded Kite Realty from Hold to Buy and set a new price target of $23.00
Raymond James downgraded Kite Realty from Strong Buy to Mkt Perform
Wells Fargo initiated coverage of Kite Realty with a rating of Underweight and set a new price target of $20.00
JP Morgan initiated coverage of Kite Realty with a rating of Neutral and set a new price target of $23.00
Robert W. Baird downgraded Kite Realty from Outperform to Neutral and set a new price target of $25.00 from $26.00 previously
BofA Securities upgraded Kite Realty from Neutral to Buy and set a new price target of $25.00 from $22.00 previously
Citigroup upgraded Kite Realty from Neutral to Buy and set a new price target of $22.00 from $20.00 previously
Jefferies downgraded Kite Realty from Buy to Hold and set a new price target of $20.00 from $27.00 previously
INDIANAPOLIS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2024. For the quarters ended September 30, 2024 and 2023, net income attributable to common shareholders was $16.7 million, or $0.08 per diluted share, compared to $2.1 million, or $0.01 per diluted share, respectively. For the nine months ended September 30, 2024 and 2023, net loss attributable to common shareholders was $17.8 million, or $0.08 per diluted share, compared to net income of $39.5 million, or $0.18 per dilu
INDIANAPOLIS, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending September 30, 2024, after the market closes on Wednesday, October 30, 2024. KRG will conduct a conference call to discuss its financial results on Thursday, October 31, 2024 at 11:00 a.m. Eastern Time. KRG Q3 2024 Earnings Conference Call Dial-In Registration: KRG Third Quarter 2024 Teleconference Registration Webcast Link: KRG Third Quarter 2024 Webcast A live webcast of the conference call will also be available at kiterealty.com. A replay of the call will remain available on the corporate website. About Kite Realty GroupKite
INDIANAPOLIS, July 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the second quarter ended June 30, 2024. For the quarters ended June 30, 2024 and 2023, net loss attributable to common shareholders was $48.6 million, or $0.22 per diluted share, compared to net income of $32.1 million, or $0.15 per diluted share, respectively. For the six months ended June 30, 2024 and 2023, net loss attributable to common shareholders was $34.5 million, or $0.16 per diluted share, compared to net income of $37.4 million, or $0.17 per dilute
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. KRG Q2 2024 Earnings Conference Call Dial-In Registration: KRG Second Quarter 2024 Teleconference Registration Webcast Link: KRG Second Quarter 2024 Webcast A live webcast of the conference call will also be available at kiterealty.com. A replay of the call will remain available on the corporate website. About Kite Realty Group TrustKite Rea
INDIANAPOLIS, April 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the first quarter ended March 31, 2024. For the quarters ended March 31, 2024 and 2023, net income attributable to common shareholders was $14.2 million, or $0.06 per diluted share, compared to $5.4 million, or $0.02 per diluted share, respectively. Company raises 2024 guidanceLeased approximately 1.0 million square feet at 12.8% comparable blended cash leasing spreadsReceived a credit rating upgrade to Baa2 from Moody's Investors Service "T
INDIANAPOLIS, March 20, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending March 31, 2024, after the market closes on Tuesday, April 30, 2024. KRG will conduct a conference call to discuss its financial results on Wednesday, May 1, 2024 at 1:00 p.m. Eastern Time. KRG Q1 2024 Earnings Conference Call Dial-In Registration: KRG First Quarter 2024 Teleconference Registration Webcast Link: KRG First Quarter 2024 Webcast A live webcast of the conference call will also be available at kiterealty.com. A replay of the call will remain available on the corporate website. About Kite Realty Group Trus
INDIANAPOLIS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the fourth quarter and year ended December 31, 2023. For the quarters ended December 31, 2023 and 2022, net income attributable to common shareholders was $8.0 million, or $0.04 per diluted share, compared to a net loss of $1.1 million, or $0.01 per diluted share, respectively. For the years ended December 31, 2023 and 2022, net income attributable to common shareholders was $47.5 million, or $0.22 per diluted share, compare
INDIANAPOLIS, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today the allocations of the Company's 2023 dividend distributions on its common stock. The allocations as they will be reported on Form 1099-DIV are as follows: Common Shares CUSIP RecordDate PayableDate TotalDistributionper Share OrdinaryDividend CapitalGainDistribution Non-TaxableDistribution 1 Section199ADividends 249803T300 1/6/2023 1/13/2023 $0.24 $0.21742 $0.02258 $0.00000 $0.2174249803T300 4/7/2023 4/14/2023 0.24 0.21742 0.02258 0.00000 0.2174249803T300 7/7/2023 7/14/2023 0.24 0.21742 0.02258 0.00000 0.2174249803T300 10/6/2023 10/13/2023 0.24 0.21742 0.0225
INDIANAPOLIS, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending December 31, 2023, after the market closes on Tuesday, February 13, 2024. KRG will conduct a conference call to discuss its financial results on Wednesday, February 14, 2024 at 1:00 p.m. Eastern Time. KRG Q4 2023 Earnings Conference Call Dial-In Registration: KRG Fourth Quarter 2023 Teleconference Registration Webcast Link: KRG Fourth Quarter 2023 Webcast A live webcast of the conference call will also be available at kiterealty.com. A replay of the call will remain available on the corporate website. About Kite Realty Group T
INDIANAPOLIS, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2023. For the quarters ended September 30, 2023 and 2022, net income attributable to common shareholders was $2.1 million, or $0.01 per diluted share, compared to a net loss of $7.8 million, or $0.04 per diluted share, respectively. For the nine months ended September 30, 2023 and 2022, net income attributable to common shareholders was $39.5 million, or $0.18 per diluted share, compared
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