Kite Realty Group Trust Reports Third Quarter 2015 Results and Increases Guidance
We deliver high quality retail destinations
Kite Realty Group Trust Announces Closing of New $200 Million Seven Year Unsecured Term Loan
Kite Realty Group Investors - NAREIT's Annual Convention 11/17/2015 - 11/19/2015
Kite Realty Group Trust Announces Quarterly Common Dividend
From our Chairman & CEO, John Kite
Our robust third quarter performance is a direct result of our leasing momentum, balance sheet initiatives and continued operational excellence,” said John Kite, Chief Executive Officer. “We gained 130 basis points in small shop leasing and grew same-property net operating income by 3.1%, with over 90% of our portfolio contributing to the same-property pool. Upon funding the recently announced $200 million term loan, we will only have approximately $100 million of securitized debt maturities through 2020. Our investment grade credit metrics continue to improve ahead of our scheduled objectives. With over $50 million in annual free cash flow expected, we are energized about the future and the shareholder value we will create.