U.S. Markets open in 6 hrs 12 mins

Kite Realty Group Trust (KRG)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
10.82-0.58 (-5.09%)
At close: 4:00PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close11.40
Open11.41
Bid0.00 x 900
Ask0.00 x 800
Day's Range10.82 - 11.51
52 Week Range6.87 - 19.77
Volume321,403
Avg. Volume537,444
Market Cap911.213M
Beta (5Y Monthly)1.15
PE Ratio (TTM)N/A
EPS (TTM)-0.12
Earnings DateOct 28, 2020
Forward Dividend & Yield0.32 (2.71%)
Ex-Dividend DateOct 01, 2020
1y Target Est13.81
  • GlobeNewswire

    Notre Dame and Kite Realty Group announce the addition of Trader Joe’s at Eddy Street Commons

    SOUTH BEND, Ind., Oct. 05, 2020 (GLOBE NEWSWIRE) -- The University of Notre Dame and Kite Realty Group Trust announced today that Trader Joe’s will open a new grocery store in South Bend, a half-mile south of the University campus at the Notre Dame-inspired Eddy Street Commons.“Ever since Notre Dame’s leadership and our partners in the Northeast Neighborhood began to envision a lively retail, residential and restaurant district adjacent to campus, the hope was that a grocery store would be an anchor business,” University Executive Vice President Shannon Cullinan said. “This vision has been realized with Trader Joe’s, a truly iconic brand in America. We are confident that this key addition to Eddy Street Commons will be a wonderful resource in many ways for both the campus and broader communities.”Notre Dame has partnered with Kite Realty Group Trust (NYSE: KRG) of Indianapolis for 15 years to create Eddy Street Commons (ESC), a mixed-use, new-urbanist, pedestrian-oriented development that extends for three blocks south of the campus.“We are thrilled about the impending arrival of Trader Joe’s and what it will mean for the community,” said Tom McGowan, President and Chief Operating Officer of Kite Realty Group. “Over the past 15 years, Eddy Street Commons has grown with South Bend and the University, and the arrival of Trader Joe’s is a crowning addition to the neighborhood and development. We want to thank Trader Joe’s, the City of South Bend, and Notre Dame for making this partnership a reality.”Phase I of Eddy Street Commons, extending from Angela Boulevard to Napoleon Street, opened in late 2009 and includes 170,000 square feet of retail, restaurant and office space, 266 apartments, 123 condominiums, 78 row/townhouses, Fairfield Inn & Suites and Embassy Suites hotels, and a parking garage. Phase II, from Napoleon to Howard Street, features new quarters for the Robinson Community Learning Center, an educational initiative of the University in partnership with the Northeast Neighborhood; approximately 450 apartment units; 8,500 square feet of restaurant space; a dog park and additional green space. The two phases combined represent a nearly $300 million investment in the Northeast Neighborhood.Trader Joe’s will anchor the south end of Eddy Street Commons and provide what focus groups over the years have said was most desired in the development — a small-format, specialty grocer, and specifically Trader Joe’s. Construction of the new grocery store is underway with an opening date to be announced in the future.“Kite Realty Group has been a wonderful partner since 2005, developing Eddy Street Commons in a manner consistent with the University’s vision to revitalize the Northeast Neighborhood and at the same time create a ‘college town’ adjacent to our campus,” Cullinan said. “We are deeply grateful to the Kite team for their tireless efforts in helping us bring Trader Joe’s to the region.”Other components of the Northeast Neighborhood revitalization plan include the Notre Dame Avenue Housing Program and the Triangle housing development.Cullinan also expressed his appreciation to South Bend leaders who over the years have worked closely with the University and Kite on ESC plans and their implementation.“Mayors Luecke, Buttigieg and Mueller, as well as other city officials, have been incredibly helpful in bringing this attractive and functional development to fruition,” Cullinan said. “Eddy Street Commons would not have been possible without their guidance and partnership.“Likewise, the insight, support and leadership provided by Notre Dame Trustees, advisory council members and others have been indispensable.”Opening its first store in 1967, Trader Joe’s is headquartered in Monrovia, California, and has opened more than 500 stores in 42 states and Washington, D.C. Its products include gourmet, organic and vegetarian foods, domestic and imported wine and beer, as well as everyday basics.About Kite Realty Group TrustKite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. For more information, please visit our website at kiterealty.com.Safe HarborCertain statements in this document that are not historical fact may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to: national and local economic, business, real estate and other market conditions, particularly in light of low or negative growth in the U.S. economy as well as economic uncertainty; the risk that KRG may not be able to successfully complete the planned dispositions on favorable terms – or at all; financing risks, including the availability of, and costs associated with, sources of liquidity; KRG’s ability to refinance, or extend the maturity dates of, its indebtedness; the level and volatility of interest rates; the financial stability of tenants, including their ability to pay rent and the risk of tenant insolvency or bankruptcies; the competitive environment in which KRG operates; acquisition, disposition, development and joint venture risks; property ownership and management risks; KRG’s ability to maintain its status as a real estate investment trust for federal income tax purposes; potential environmental and other liabilities; impairment in the value of real estate property KRG owns; the actual and perceived impact of e-commerce on the value of shopping center assets; risks related to the geographical concentration of KRG’s properties in Florida, Indiana, Texas, Nevada, and North Carolina; insurance costs and coverage; risks associated with cybersecurity attacks and the loss of confidential information and other business interruptions; and other factors affecting the real estate industry generally. KRG refers you to the documents filed by KRG from time to time with the SEC, specifically the section titled “Risk Factors” in KRG’s and the Operating Partnership’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which discuss these and other factors that could adversely affect KRG’s results. KRG undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.Contact Information: Kite Realty Group Trust Bryan McCarthy SVP, Marketing & Communications 317.713.5692 bmccarthy@kiterealty.com

  • GlobeNewswire

    Kite Realty Group Trust Announces Quarterly Common Dividend, Update on Quarterly Rent Collections and Repayment of Line of Credit

    INDIANAPOLIS, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.08 per common share for the quarter ending September 30, 2020. This distribution will be paid on or about October 9, 2020, to shareholders of record as of October 2, 2020. As of September 11, 2020, KRG has collected over 89% of third quarter (July and August) base rent and recoveries, exclusive of security deposits. An additional 2% of third quarter base rent and recoveries have been contractually deferred. Currently, September rent collections are on a similar pace to July and August.Additionally, the Company repaid $50 million of the outstanding balance on its credit facility with cash on hand, thereby lowering the outstanding amount on its $600 million credit facility to $50 million.About Kite Realty Group TrustKite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. For more information, please visit our website at kiterealty.com.Connect with KRG: LinkedIn | Twitter | Instagram | FacebookSafe HarborThis release, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements.Currently, one of the most significant factors that could cause actual outcomes to differ materially from the forward-looking statements is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, result of operations, cash flows and performance of the Company and its tenants, the real estate market and the global economy and financial markets.  The effects of COVID-19 have caused many of the Company’s tenants to close stores, reduce hours or significantly limit service, making it difficult for them to meet their obligations, and therefore will significantly impact the Company for the foreseeable future.  The extent to which the COVID-19 pandemic impacts the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, and possible short-term and long-term effects of the pandemic on consumer behavior, among others.  Moreover, investors are cautioned to interpret many of the risks identified under the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as being heightened as a result of the ongoing and numerous adverse impacts of the COVID-19 pandemic.Additional risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to: national and local economic, business, real estate and other market conditions, particularly in connection with low or negative growth in the U.S. economy as well as economic uncertainty; financing risks, including the availability of, and costs associated with, sources of liquidity; the Company’s ability to refinance, or extend the maturity dates of, the Company’s indebtedness; the level and volatility of interest rates; the financial stability of tenants, including their ability to pay rent and the risk of tenant insolvency and bankruptcy; the competitive environment in which the Company operates; acquisition, disposition, development and joint venture risks; property ownership and management risks; the Company’s ability to maintain the Company’s status as a real estate investment trust for U.S. federal income tax purposes; potential environmental and other liabilities; impairment in the value of real estate property the Company owns; the actual and perceived impact of e-commerce on the value of shopping center assets; risks related to the geographical concentration of the Company’s properties in Florida, Indiana, Texas, Nevada and North Carolina; civil unrest, acts of terrorism or war, acts of God, climate change, epidemics, pandemics (including COVID-19), natural disasters and severe weather conditions such as hurricanes, tropical storms, tornadoes, earthquakes, droughts, floods and fires that may result in underinsured or uninsured losses; changes in laws and government regulations; governmental orders affecting the use of the Company’s properties or the ability of its tenants to operate; insurance costs and coverage; risks associated with cybersecurity attacks and the loss of confidential information and other business disruptions; other factors affecting the real estate industry generally; and other risks identified in reports the Company files with the Securities and Exchange Commission (“the SEC”) or in other documents that it publicly disseminates, including, in particular, the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.Contact Information: Kite Realty Group TrustJason Colton SVP, Capital Markets & Investor Relations 317.713.2762 jcolton@kiterealty.com

  • GlobeNewswire

    Kite Realty Group Trust to Report Third Quarter 2020 Financial Results on October 28, 2020

    INDIANAPOLIS, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending September 30, 2020, after the market closes on Wednesday, October 28. KRG will conduct a conference call to discuss its financial results the following day, October 29, at 12:00 p.m. Eastern Time. The dial-in numbers are (844) 309-0605 for domestic callers and (574) 990-9933 for international callers (Conference ID: 8257159). A live webcast of the conference call will be available on KRG’s corporate website at kiterealty.com. In addition, a webcast replay of the call will be available on the corporate website.About Kite Realty Group Trust Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. For more information, please visit our website at kiterealty.com.Connect with KRG: LinkedIn | Twitter | Instagram | FacebookSafe HarborThis release, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements.Currently, one of the most significant factors that could cause actual outcomes to differ materially from the forward-looking statements is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, result of operations, cash flows and performance of the Company and its tenants, the real estate market and the global economy and financial markets. The effects of COVID-19 have caused many of the Company’s tenants to close stores, reduce hours or significantly limit service, making it difficult for them to meet their obligations, and therefore will significantly impact the Company for the foreseeable future. The extent to which the COVID-19 pandemic impacts the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, and possible short-term and long-term effects of the pandemic on consumer behavior, among others. Moreover, investors are cautioned to interpret many of the risks identified under the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 as being heightened as a result of the ongoing and numerous adverse impacts of the COVID-19 pandemic.Additional risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to: national and local economic, business, real estate and other market conditions, particularly in connection with low or negative growth in the U.S. economy as well as economic uncertainty; financing risks, including the availability of, and costs associated with, sources of liquidity; the Company’s ability to refinance, or extend the maturity dates of, the Company’s indebtedness; the level and volatility of interest rates; the financial stability of tenants, including their ability to pay rent and the risk of tenant insolvency and bankruptcy; the competitive environment in which the Company operates; acquisition, disposition, development and joint venture risks; property ownership and management risks; the Company’s ability to maintain the Company’s status as a real estate investment trust for U.S. federal income tax purposes; potential environmental and other liabilities; impairment in the value of real estate property the Company owns; the actual and perceived impact of e-commerce on the value of shopping center assets; risks related to the geographical concentration of the Company’s properties in Florida, Indiana, Texas, Nevada and North Carolina; civil unrest, acts of terrorism or war, acts of God, climate change, epidemics, pandemics (including COVID-19), natural disasters and severe weather conditions such as hurricanes, tropical storms, tornadoes, earthquakes, droughts, floods and fires that may result in underinsured or uninsured losses; changes in laws and government regulations; governmental orders affecting the use of the Company’s properties or the ability of its tenants to operate; insurance costs and coverage; risks associated with cybersecurity attacks and the loss of confidential information and other business disruptions; other factors affecting the real estate industry generally; and other risks identified in reports the Company files with the Securities and Exchange Commission (“the SEC”) or in other documents that it publicly disseminates, including, in particular, the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.Contact Information: Kite Realty Group Trust                                                              Jason Colton SVP, Capital Markets & Investor Relations 317.713.2762 jcolton@kiterealty.com