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Kite Realty Group Trust (N:KRG)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: SUITE 1100, 30 S MERIDIAN STREET
INDIANAPOLIS IN 46204
Tel: 1-317-7137780
Website: https://kiterealty.com
IR: See website
Key People
John A. Kite
Chairman of the Board of Trustees, Chief Executive Officer
Thomas K. Mcgowan
President, Chief Operating Officer
Heath R. Fear
Chief Financial Officer, Executive Vice President
Business Overview
Kite Realty Group Trust is a real estate investment trust (REIT). The Company, through its subsidiary, Kite Realty Group, L.P., is engaged in the ownership, operation, acquisition, development and redevelopment of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in Sun Belt and various markets in the United States. The Company collects contractual rents and reimbursement payments from tenants under existing lease agreements at each of its properties. The Company owns interests in approximately 180 operating retail properties totaling approximately 28.1 million square feet and one office property with 0.3 million square feet. Of the 180 operating retail properties, 10 contain an office component. The Company also owns two development projects under construction as of this date. The Company's subsidiary is Kite Realty Group, L.P.
Financial Overview
For the three months ended 31 March 2024, Kite Realty Group Trust revenues increased less than 1% to $207.4M. Net income increased from $5.4M to $14.2M., also reflect NAREIT FFO - Per Share - Diluted - Total decrease of 2% to $0.5, Fee income decrease of 82% to $315K, Other property-related revenue decrease of 32% to $1.3M. Net income benefited from Net Operating Income (NOI), Total increase of 1% to $152.5M.