Kite Realty Group Trust Sells Two Shopping Centers for $63 Million
We deliver high quality retail destinations
Kite Realty Group Announces the Opening of Nordstrom Rack at Portofino Shopping Center
Kite Realty Group Trust to Present at the Citi 2018 Global Property CEO Conference
Kite Realty Group Trust Announces Quarterly Common Dividend
From our Chairman & CEO, John Kite
Our 2017 results demonstrate the successful execution of our strategic plan,” said John Kite, Chairman and Chief Executive Officer. “Operationally, we continue to see strong demand for our well-positioned real estate, as evidenced by our small shops leased at 90.5% and our signing 298 comparable leases at a 13.3% spread on a GAAP basis. From a capital allocation perspective, we continued to execute by completing seven 3-R projects at a 12.3% yield and selling four assets for $78 million in gross proceeds. In 2018, we look forward to furthering our strategic objectives as we remain focused on operating fundamentals, expanding our relationships with strong, competitive retailers, and selling non-core assets to reach our target leverage.