Kite Realty Group Trust, is a full-service, vertically integrated real estate company engaged in the ownership, operation, management, leasing, acquisition, construction, expansion, and development and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The Company owns interests in a portfolio of 63 operating and redevelopment properties totaling 9.3 million square feet and an additional two properties currently under development which, upon completion, are anticipated to have 0.4 million square feet of gross leasable area (including non-owned anchor space).
Its strategy is to maximize the cash flow of its operating properties, successfully complete the construction and lease-up of the development portfolio and identify additional growth opportunities in the form of new developments and acquisitions. A significant volume of growth opportunity is sourced through the extensive network of tenant, corporate and institutional relationships that have been established over the last four decades. New investments are focused in the shopping center sector, and the Company may selectively pursue commercial development opportunities in markets where it currently operates and where it believes the existing infrastructure and relationships can be leveraged to generate attractive risk adjusted returns.
Company Growth (employees)
Kite Realty Group Trust is headquartered in Indianapolis, US
Kite Realty Group Trust Office Locations
Kite Realty Group Trust has offices in Indianapolis, Cary, Orlando, Las Vegas and in 5 other locations
Indianapolis, US (HQ)
1100 30 S Meridian St
South Bend, US
115 1234 N Eddy St
Naples, US
7 2415 Tarpon Bay Blvd
Delray Beach, US
121 14851 Lyons Rd
White Plains, US
777 Westchester Ave
Conroe, US
225 19075 Interstate 45 S
Kite Realty Group Trust Data and Metrics
Kite Realty Group Trust Financial Metrics
Kite Realty Group Trust's revenue was reported to be $354.1 m in FY, 2016 which is a 2% increase from the previous period.
USD
Revenue (FY, 2016) | 354.1 m |
Revenue growth (FY, 2015 - FY, 2016), % | 2% |
Net income (FY, 2016) | 3.1 m |
EBIT (FY, 2016) | 65.4 m |
Market capitalization (19-Jul-2017) | 1.6 b |
Closing share price (19-Jul-2017) | 19.4 |
Cash (31-Dec-2016) | 19.9 m |
Kite Realty Group Trust's current market capitalization is $1.6 b.
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 129.5 m | 259.5 m | 347 m | 354.1 m |
Revenue growth, % | 100% | 34% | 2% | |
Operating expense total | 101.9 m | 230.2 m | 275.2 m | 288.7 m |
EBIT | 27.6 m | 29.3 m | 71.8 m | 65.4 m |
EBIT margin, % | 21% | 11% | 21% | 18% |
Interest expense | 28 m | 45.5 m | 56.4 m | 65.6 m |
Net Income | (3.5 m) | (4.7 m) | 29.3 m | 3.1 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 18.1 m | 43.8 m | 33.9 m | 19.9 m |
Accounts Receivable | 4.6 m | 167.8 m | ||
Total Assets | 1.8 b | 3.9 b | 3.8 b | 3.7 b |
Accounts Payable | 61.4 m | 75.2 m | 81.4 m | 80.7 m |
Total Liabilities | 1.9 b | |||
Additional Paid-in Capital | 821.5 m | |||
Retained Earnings | (173.1 m) | (247.8 m) | (323.3 m) | (419.3 m) |
Total Equity | 757.1 m | 1.9 b | 1.7 b | 1.6 b |
Financial Leverage | 2.3 x | 2 x | 2.2 x | 2.2 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | (3.5 m) | (4.7 m) | 29.3 m | 3.1 m |
Depreciation and Amortization | 57.8 m | 123.9 m | 170.5 m | 179.1 m |
Cash From Operating Activities | 52.1 m | 42.2 m | 169.3 m | 154.9 m |
Cash From Investing Activities | (514.9 m) | 186.9 m | (84.4 m) | (82.7 m) |
Cash From Financing Activities | 468.5 m | (203.4 m) | (94.9 m) | (86.3 m) |
Interest Paid | 31.6 m | 48.5 m | 61.3 m | 67.2 m |
Income Taxes Paid | 45 k | 87 k | 281 k | 545 k |
| Y, 2016 | |
|---|---|
Financial Leverage | 2.2 x |
