Craft

Kite Realty Group Trust

Stock Price

$25

2024-08-15

Market Capitalization

$5.5 B

2024-08-15

Revenue

$823 M

FY, 2023

Kite Realty Group Trust Summary

Company Summary

Overview
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.
Type
Public
Status
Active
HQ
Indianapolis, IN, US | view all locations
Website
http://kiterealty.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • John A. Kite

    John A. Kite, Chairman and CEO

    • Thomas K. McGowan

      Thomas K. McGowan, President and COO

      • Heath R. Fear

        Heath R. Fear, Executive Vice President, Chief Financial Officer

        • Scott E. Murray

          Scott E. Murray, Executive Vice President, General Counsel & Corporate Secretary

          LocationsView all

          8 locations detected

          • Indianapolis, IN HQ

            United States

            30 S Meridian St #1100

          • Cary, NC

            United States

            7119 O’Kelly Chapel Road

          • Delray Beach, FL

            United States

            14851 Lyons Rd #121

          • Las Vegas, NV

            United States

            7701 W Tropical Pkwy #110

          • Naples, FL

            United States

            2415 Tarpon Bay Blvd #7

          • Orlando, FL

            United States

            255 S Orange Ave #125

          and 2 others

          Kite Realty Group Trust Financials

          Summary Financials

          Revenue (Q2, 2024)
          $212.4M
          Net income (Q2, 2024)
          ($49.3M)
          Cash (Q2, 2024)
          $153.8M
          EBIT (Q2, 2024)
          ($22.3M)
          Enterprise value
          $8.4B

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