We Deliver High-Quality Retail Destinations
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States.
Featured Property: Eddy Street Commons at Notre Dame
The mixed-use development’s footprint expanded in 2018, with the opening of an Embassy Suites hotel in September.
Our well-balanced portfolio features a strategic mix of property types. 80% of our portfolio's ABR is derived from community, neighborhood, and lifestyle centers.
FROM OUR CHAIRMAN & CEO, JOHN KITE
We continued through the second quarter with strong operational performance and execution on our objectives,” said John A. Kite, Chairman and Chief Executive Officer. “We reached several key milestones during the quarter - improving our operating portfolio’s ABR, lowering our Net Debt to EBITDA ratio, and raising our liquidity level to an all-time high. We contributed three operating properties into a strategic partnership at cap rates that demonstrate the private market value of our well-positioned, open-air shopping centers while also reducing our leverage. We continue progress on our Big Box Surge, and we expect to complete four additional 3-R projects by year end with solid projected returns.