![]() Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. This release, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934. ![]() For more information, please visit .Ĭonnect with KRG: LinkedIn | Twitter | Instagram | Facebook open-air shopping centers and mixed-use assets, comprising approximately 28.8 million square feet of gross leasable space. As of December 31, 2022, the Company owned interests in 183 U.S. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. A replay of the call will remain available on the corporate website. This story was generated by Automated Insights () using data from Zacks Investment Research.Dial-In Registration: KRG First Quarter 2023 Teleconference RegistrationĪ live webcast of the conference call will also be available at. Kite Realty Group expects full-year funds from operations in the range of $1.92 to $1.98 per share. The real estate investment trust, based in Indianapolis, posted revenue of $206.8 million in the period. ![]() ![]() The company said it had net income of $5.4 million, or 2 cents per share. It takes net income and adds back items such as depreciation and amortization. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 47 cents per share.įunds from operations is a closely watched measure in the REIT industry. The Indianapolis-based real estate investment trust said it had funds from operations of $112.3 million, or 51 cents per share, in the period. The results topped Wall Street expectations. INDIANAPOLIS (AP) - INDIANAPOLIS (AP) - Kite Realty Group Trust (KRG) on Monday reported a key measure of profitability in its first quarter. ![]()
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