Kite Rlty Group Tr - KRG STOCK NEWS

Kite Realty Group (NYSE: KRG) has announced it will release its Q1 2025 financial results on April 29, 2025, after market close, followed by a conference call on April 30, 2025 at 1:00 p.m. Eastern Time.

KRG is a premier REIT specializing in open-air shopping centers and mixed-use assets. The company's portfolio primarily consists of grocery-anchored centers located in high-growth Sun Belt and strategic gateway markets. As of December 31, 2024, KRG owned interests in 179 U.S. open-air shopping centers and mixed-use assets, comprising approximately 27.7 million square feet of gross leasable space.

Kite Realty Group (NYSE: KRG) has announced its upcoming presentation at the Citi 2025 Global Property CEO Conference on March 3, 2025, at 2:10 p.m. EST. The presentation will be available via live webcast.

KRG is a premier REIT specializing in open-air shopping centers and mixed-use assets. The company's portfolio includes 179 U.S. open-air shopping centers and mixed-use assets, comprising approximately 27.7 million square feet of gross leasable space as of December 31, 2024. The portfolio primarily consists of grocery-anchored properties located in high-growth Sun Belt and strategic gateway markets.

With nearly 60 years of experience in real estate development, construction, and operations, KRG focuses on necessity-based grocery-anchored neighborhood and community centers, combined with vibrant mixed-use assets. The company has been publicly listed since 2004 and continuously optimizes its portfolio to maximize shareholder value.

Kite Realty Group Trust (KRG) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 net income was $21.8 million ($0.10 per share), up from $8.0 million ($0.04 per share) in Q4 2023. However, full-year 2024 net income decreased to $4.1 million ($0.02 per share) from $47.5 million ($0.22 per share) in 2023, primarily due to a $66.2 million impairment charge.

Key operational highlights include: leasing of 5.0 million square feet in 2024 with 12.8% comparable blended cash leasing spreads; Same Property NOI increase of 4.8% in Q4 and 3.0% year-over-year; ABR per square foot rose to $21.15; and Net Debt to Adjusted EBITDA improved to 4.7x.

For 2025, KRG provided guidance projecting net income of $0.45-$0.51 per share, NAREIT FFO of $2.02-$2.08 per share, and Core FFO of $1.98-$2.04 per share. The company also announced an 8% increase in quarterly dividend to $0.27 per share.

Kite Realty Group (NYSE: KRG) has disclosed its 2024 dividend distribution tax reporting details. The company distributed a total of $1.01 per share throughout 2024, with quarterly payments of $0.25 for the first three quarters and $0.26 for the fourth quarter.

The distributions were classified as: 96.36% ordinary dividends ($0.97328) and 3.64% capital gain distributions ($0.03672). The ordinary dividends qualify for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code for non-corporate taxpayers.

KRG operates as a REIT specializing in open-air shopping centers and mixed-use assets, with a portfolio comprising 179 U.S. properties totaling approximately 27.7 million square feet of gross leasable space as of September 30, 2024.

Kite Realty Group (NYSE: KRG) has announced it will release its fourth quarter 2024 financial results on February 11, 2025, after market close. The company will host a conference call to discuss these results on February 12, 2025, at 1:00 p.m. Eastern Time.

KRG is a REIT specializing in open-air shopping centers and mixed-use assets, with a portfolio primarily focused on grocery-anchored properties in Sun Belt and strategic gateway markets. As of September 30, 2024, KRG owned interests in 179 U.S. open-air shopping centers and mixed-use assets, totaling approximately 27.7 million square feet of gross leasable space.

Kite Realty Group (NYSE: KRG) has announced its investment partnership with Fifth Wall, the largest asset manager focused on improving and decarbonizing the built world. This strategic collaboration aims to provide KRG with access to cutting-edge technologies and expertise in asset resilience, particularly in AI integration and advanced management tools.

KRG, a premier owner-operator of open-air shopping centers and mixed-use assets, operates 179 U.S. properties spanning over 28 million square feet. The company's portfolio primarily consists of grocery-anchored assets in high-growth Sun Belt and strategic gateway markets. Fifth Wall's consortium includes more than 110 strategic Partners across 20+ countries, focusing on scaling breakthrough technologies for efficient, sustainable, and resilient real estate operations.

Kite Realty Group (NYSE: KRG) reported strong Q3 2024 results with net income of $16.7 million ($0.08 per share), up from $2.1 million in Q3 2023. The company achieved record leasing volume of 1.7 million square feet with 11.1% blended cash leasing spreads. NAREIT FFO reached $113.9 million ($0.51 per share) for Q3, while Same Property NOI increased by 3.0%. KRG acquired a grocery-anchored center in Atlanta for $40.1 million and issued $350 million in senior notes at 4.95%. The company raised its 2024 NAREIT FFO guidance to $2.06-$2.08 per share and increased its quarterly dividend by 3.8% to $0.27 per share.

Kite Realty Group Trust (NYSE: KRG) has successfully recasted its $1.1 billion unsecured revolving credit facility and amended its $250 million term loan facility. The revolving credit facility's term has been extended by three years, now maturing on October 3, 2028, with options for further extensions. The facility includes a Leverage Toggle for potentially more favorable pricing based on the company's total leverage ratio.

The term loan facility's interest rate margin was reduced, now accruing at Adjusted Term SOFR plus 0.75% to 1.60%, down from the previous 2.00% to 2.50%. Its maturity date remains October 24, 2028, assuming all extension options are exercised. KeyBank National Association served as the Administrative Agent for these transactions.

Kite Realty Group Trust (NYSE: KRG) has announced it will release its financial results for the third quarter of 2024 after market close on October 30, 2024. The company will host a conference call to discuss these results on October 31, 2024, at 11:00 a.m. Eastern Time. A live webcast of the call will be available on the company's website, with a replay accessible afterwards.

KRG is a premier real estate investment trust (REIT) specializing in open-air shopping centers and mixed-use assets. As of June 30, 2024, the company owned interests in 178 U.S. properties, totaling approximately 27.6 million square feet of gross leasable space. KRG's portfolio focuses on grocery-anchored centers in high-growth Sun Belt and strategic gateway markets.