We deliver high quality retail destinations

Financial Resources

From our Chairman & CEO, John Kite

Our performance during the fourth quarter and throughout 2015 is a testament to our dedicated team, operational excellence, strong balance sheet and overall corporate strategy,” said John Kite, Chief Executive Officer. “We maintained significant leasing momentum through year-end, as evidenced by a 190 basis point increase in small shops leased for the year. Our same-property net operating income reached the top-end of our expectations, growing 3.5% for the year. Our balance sheet flexibility is the strongest ever with a staggered maturity schedule, strong fixed charge coverage and more than 50% of our asset value unencumbered. Our consistent cash flow growth allowed us to increase our annual dividend by 5.5%, while maintaining conservative payout ratios. With our robust redevelopment pipeline and meaningful lease-up opportunities ahead, we are excited about the future and our ability to create long-term value.