Kite Realty Group Trust Reports Fourth Quarter and Full Year Results for 2015
We deliver high quality retail destinations
Kite Realty Group Trust Provides Update on Dispositions and Debt Activity
Kite Realty Group Trust Reports Third Quarter 2015 Results and Increases Guidance
Kite Realty Group Trust Announces Closing of New $200 Million Seven Year Unsecured Term Loan
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.