OverviewSuggest Edit

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. ... Show more
TypePublic
HQIndianapolis, US
Websitekiterealty.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Feb 2019)147
Revenue (FY, 2017)$358.8 M(+2%)
Share Price (Feb 2019)$16

Key People/Management at Kite Realty Group Trust

John A. Kite

John A. Kite

Chairman and CEO, 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
Wade Achenbach

Wade Achenbach

Executive Vice President, Portfolio Management
William E. Bindley

William E. Bindley

Lead Independent Trustee
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Kite Realty Group Trust Office Locations

Kite Realty Group Trust has offices in Indianapolis, Conroe, Delray Beach, Las Vegas and in 5 other locations
Indianapolis, US (HQ)
1100 30 S Meridian St
Cary, US
7119 O'Kelly Chapel Rd
Conroe, US
225 19075 Interstate 45 S
Delray Beach, US
121 14851 Lyons Rd
Las Vegas, US
110 7701 W Tropical Pkwy
Naples, US
7 2415 Tarpon Bay Blvd
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Kite Realty Group Trust Financials and Metrics

Kite Realty Group Trust Revenue

Kite Realty Group Trust's revenue was reported to be $358.82 m in FY, 2017
USD

Revenue (Q3, 2018)

85.7m

Net income (Q3, 2018)

4.3m

EBIT (Q3, 2018)

20.7m

Market capitalization (22-Feb-2019)

1.3b

Closing stock price (22-Feb-2019)

16.0

Cash (30-Sep-2018)

30.7m
Kite Realty Group Trust's current market capitalization is $1.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

129.5m259.5m347.0m354.1m358.8m

Revenue growth, %

100%34%2%

Operating expense total

101.9m275.2m288.7m294.1m

Depreciation and amortization

54.5m167.3m174.6m172.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

32.7m42.7m40.8m88.6m86.8m83.7m87.1m88.6m87.6m89.1m90.1m92.6m87.1m89.8m91.7m85.7m

Operating expense total

26.8m37.5m36.5m89.9m68.3m67.6m70.2m70.9m73.3m73.2m82.0m71.6m70.9m91.8m83.8m65.0m

Depreciation and amortization

15.4m44.4m41.2m42.5m42.2m43.8m45.5m45.8m42.7m42.8m38.6m40.5m36.9m

EBIT

5.8m5.2m4.3m(1.3m)18.5m16.1m16.9m17.7m14.3m15.9m8.1m21.1m16.2m(2.0m)7.9m20.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

18.1m43.8m33.9m19.9m24.1m

Accounts Receivable

4.6m167.8m

Inventories

Total Assets

1.8b3.9b3.8b3.7b3.5b
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(3.5m)(4.7m)29.3m3.1m13.9m

Depreciation and Amortization

57.8m123.9m170.5m179.1m174.6m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(4.0m)4.5m1.3m(14.0m)7.9m15.1m18.1m2.0m477.0k(785.0k)437.0k11.3m11.1m(18.0m)(19.1m)(14.7m)

Depreciation and Amortization

43.3m18.0m38.2m83.5m41.3m83.3m126.6m43.1m87.7m135.4m46.4m89.7m133.2m39.2m80.6m118.1m

Cash From Operating Activities

37.0m6.5m22.8m10.6m45.1m85.9m137.8m32.4m80.9m120.7m35.6m81.1m122.1m36.3m82.0m119.0m

Cash From Investing Activities

(183.4m)4.2m(13.5m)89.2m104.4m(17.2m)(113.2m)(24.6m)(44.8m)(67.1m)39.5m23.1m46.4m118.1m103.6m
USDY, 2018

Financial Leverage

2.2 x
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Kite Realty Group Trust Online and Social Media Presence

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Kite Realty Group Trust News and Updates

Kite Realty Group Trust Reports 2018 Operating Results and Announces Plan to Fortify Its Balance Sheet, Improve Asset Quality, and Focus on Preferred Markets

INDIANAPOLIS, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (“KRG”) reported today its 2018 operating results. KRG also announced plans to sell $350 to $500 million of non-core assets as part of a program to improve asset quality, reduce leverage, and focus operations on pre…

Kite Realty Group Trust Announces Quarterly Common Dividend and Annual Shareholder Meeting

INDIANAPOLIS, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today that its Board of Trustees declared a quarterly cash distribution of $0.3175 per common share for the quarter ended March 31, 2019. This distribution will be paid on or about March 29…

VersaPay Adds Kite Realty Group Trust as Latest REIT Client

INDIANAPOLIS and TORONTO, Jan. 23, 2019 /PRNewswire/ - VersaPay Corporation (TSXV: VPY) ("VersaPay"), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections...

Kite Realty Group Trust Announces Tax Reporting Information for 2018 Dividend Distributions

INDIANAPOLIS, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today the tax allocations of 2018 dividend distributions on its common stock. The allocations as they will be reported on Form 1099-DIV are as follows:

Kite Realty Group Trust to Report Fourth Quarter 2018 Financial Results On February 19, 2019

INDIANAPOLIS, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending December 31, 2018, after the market closes on Tuesday, February 19. KRG will conduct a conference call to discuss its financial results t…

Kite Realty Group Trust Completes Over $200M in Dispositions and Executes 12 Box Leases in 2018

INDIANAPOLIS, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that, for calendar year 2018, it completed approximately $214 million in dispositions and executed 12 box leases for approximately 297,000 square feet.  During this time period, KRG also completed ap…
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Kite Realty Group Trust Company Life and Culture

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Kite Realty Group Trust Frequently Asked Questions

  • Who are Kite Realty Group Trust key executives?

    Kite Realty Group Trust's key executives are John A. Kite, Thomas K. McGowan and Heath R. Fear.

  • How many employees does Kite Realty Group Trust have?

    Kite Realty Group Trust has 147 employees.

  • What is Kite Realty Group Trust revenue?

    Latest Kite Realty Group Trust annual revenue is $358.8 m.

  • What is Kite Realty Group Trust revenue per employee?

    Latest Kite Realty Group Trust revenue per employee is $2.4 m.

  • Who are Kite Realty Group Trust competitors?

    Competitors of Kite Realty Group Trust include Preferred Apartment Communities, Aimco and Derwent London.

  • Where is Kite Realty Group Trust headquarters?

    Kite Realty Group Trust headquarters is located at 1100 30 S Meridian St, Indianapolis.

  • Where are Kite Realty Group Trust offices?

    Kite Realty Group Trust has offices in Indianapolis, Conroe, Delray Beach, Las Vegas and in 5 other locations.

  • How many offices does Kite Realty Group Trust have?

    Kite Realty Group Trust has 9 offices.