Kite Realty Group TrustNYSE: KRG

Kite Realty Group Trust (NYSE:KRG ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Bryan McCarthy - SVP, Corporate Marketing and Communications John Kite - Chairman and CEI Heath Fear - EVP and CFO Tom McGowan - President and COO Conference Call Participants Todd Thomas - KeyBanc Capital Markets Alexander Goldfarb - Piper Sandler Floris Van Dijkum - Compass Point Craig Mailman - Citi Andrew Reale - Bank of America Dori Kesten - Wells Fargo Securities Linda Tsai - Jefferies Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Kite Realty Group Trust Earnings Conference Call.

Kite Realty Group (KRG) came out with quarterly funds from operations (FFO) of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.51 per share a year ago.

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 diluted share, respectively.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes?

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”).

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.

The Federal Reserve is expected to cut interest rates, benefiting REITs, which have shown strong performance and offer attractive investment opportunities for long-term growth. NETSTREIT, Kite Realty, VICI Properties, and Plymouth Industrial are recommended buys due to their strong fundamentals, high-quality tenants, and solid balance sheets. REITs offer reliable dividends and potential for compounding returns, making them ideal for investors with 10–20 years until retirement.

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.