KITE REALTY GROUP TRUST REPORTS THIRD QUARTER 2014 RESULTS
A message from our Chairman and CEO – John A. Kite
“The closing of the third quarter marks a marquee time for the Company and we are pleased to report our strong performance,” said John A. Kite, Chairman and CEO. “We delivered on our stated objectives and previously announced financial targets, while remaining focused on our core strategic goals. This quarter, with the merger and full integration process behind us, we were able to deliver exceptional operating results.”
“We now have the strongest balance sheet in our history. We have reduced our net debt to EBITDA to approximately 6.5x, and by executing on our balance sheet strategy, we were able to achieve investment grade credit ratings. We continue to enhance our portfolio, highlighted by our recently announced 15-asset disposition, which capitalizes on the current transaction environment. This quarter’s results underscore the significant steps the Company has taken, and we remain extremely optimistic about the future for the new Kite.”
Vision Drives Us. Passion Defines Us.
It is the mission of Kite Realty Group to own and operate quality retail destinations that offer the best possible selection of stores and restaurants in aesthetically pleasing and inviting shopping centers. This is accomplished through the acquisition, development and redevelopment of high quality assets in the communities we serve.
We will continue to be known in our industry as leaders and innovators of maximizing value and improving our assets – further building long-term value, sustainability and satisfied stakeholders including: shoppers, communities, retailers, shareholders and KRG team members.
By retaining and recruiting the best in class people, our dedicated and passionate team strives to provide quality customer service through honesty, transparency, decency and fairness; driving the success of our company and its future.