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Last $26.39 USD
Change Today +0.265 / 1.01%
Volume 229.5K
KRG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 12:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

kite realty group trust (KRG) Snapshot

Open
$26.28
Previous Close
$26.12
Day High
$26.61
Day Low
$26.26
52 Week High
01/27/15 - $31.57
52 Week Low
08/1/14 - $22.92
Market Cap
2.2B
Average Volume 10 Days
537.9K
EPS TTM
$0.13
Shares Outstanding
83.6M
EX-Date
07/2/15
P/E TM
196.5x
Dividend
$1.09
Dividend Yield
4.03%
Current Stock Chart for KITE REALTY GROUP TRUST (KRG)

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kite realty group trust (KRG) Details

Kite Realty Group Trust is a publicly owned real estate investment trust. The firm invests in real estate markets of the United States. It engages in ownership, operation, management, leasing, acquisition, construction, expansion, and development and redevelopment of operating retail properties, retail properties under development, operating commercial properties, parking garage, commercial property under development, parcels of land, shopping, dining, and entertainment properties. Kite Realty Group Trust was founded in 1968 and is based in Indianapolis, Indiana with additional offices in Naples, Florida; Delray Beach, Florida; White Plains, New York; Cary, North Carolina; Frisco, Texas; Las Vegas, Nevada; Orlando, Florida; and South Bend, Indiana.

141 Employees
Last Reported Date: 02/27/15
Founded in 1968

kite realty group trust (KRG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.9M
President and Chief Operating Officer
Total Annual Compensation: $881.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $728.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $142.7K
Compensation as of Fiscal Year 2014.

kite realty group trust (KRG) Key Developments

Kite Realty Group Trust Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises FFO Guidance and Provides Earnings Guidance for the Year Ending December 31, 2015

Kite Realty Group Trust announced unaudited vonsolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $83,735,303 against $40,843,055 a year ago. Operating income was $16,099,128 against $4,318,578 a year ago. Income from continuing operations was $7,234,982 or $0.06 basic and diluted per share against loss from continuing operations of $3,195,704 or $0.16 basic and diluted per share a year ago. Net income attributable to company shareholders was $4,612,615 or $0.06 basic and diluted per share against net loss attributable to company shareholders of $5,090,265 or $0.16 basic and diluted per share a year ago. Funds from operations attributable to company shareholders was $44,914,391 or $0.54 basic and diluted per share against $13,472,334 or $0.41 basic and diluted per share a year ago. Funds from operations of the Kite Portfolio, as adjusted was $41,620,345 or $0.49 basic and diluted per share against $17,432,171 or $0.50 basic and diluted per share a year ago. Total AFFO available to shareholders was $38,057,366 or $0.44 diluted per share against $15,078,288 or $0.44 diluted per share a year ago. Maintenance capital expenditures were $439,887 against $326,596 a year ago. Unconsolidated EBITDA was $131,250. Net operating income - same properties was $28,029,927 against $27,038,352 a year ago. For the six months, the company reported total revenue of $170,563,916 against $83,502,967 a year ago. Operating income was $34,581,527 against $9,524,115 a year ago. Income from continuing operations was $11,733,805 or $0.12 basic and diluted per share against loss from continuing operations of $5,412,810 or $0.16 basic and diluted per share a year ago. Net income attributable to company shareholders was $9,677,254 or $0.12 basic and diluted per share against net loss attributable to company shareholders of $2,872,235 or $0.08 basic and diluted per share a year ago. Funds from operations attributable to company shareholders was $86,198,506 or $1.03 basic and diluted per share against $25,832,112 or $0.79 basic and diluted per share a year ago. Funds from operations of the Kite Portfolio, as adjusted was $83,870,555 or $0.98 basic and diluted per share against $34,897,190 or $1.01 basic and diluted per share a year ago. Total AFFO available to shareholders was $75,889,549 or $0.89 diluted per share against $30,435,216 or $0.88 diluted per share a year ago. Maintenance capital expenditures were $1,296,200 against $735,715 a year ago. Net operating income - same properties was $53,995,748 against $51,899,455 a year ago. The company revised FFO guidance and provided earnings guidance for the year ending December 31, 2015. The company is revising its guidance for FFO, as adjusted, for the year ending December 31, 2015, to $1.95 to $2.00 per diluted common share. In April the company had communicated its expectations for FFO, as adjusted, to be between $1.93 to $2.00 per diluted common share. For the year, the company expects consolidated net income per diluted common share in the range of between $0.16 to $0.21 and depreciation, amortization and other in the range of between $1.92 to $1.92.

Kite Realty Group Trust Upsizes Existing Unsecured Term Loan Credit Facility to $400 Million

Kite Realty Group Trust announced that it has upsized its existing Unsecured Term Loan Credit Facility from $230 million to $400 million. The company exercised an existing accordion option feature to increase the amount by $170 million.

Kite Realty Group Trust Files Charter Amendment and Amends Bylaw

On May 26, 2015, Kite Realty Group Trust filed Articles of Amendment (Charter Amendment) to its Articles of Amendment and Restatement of Declaration of Trust (as amended, the Charter) with the Maryland State Department of Assessments and Taxation to decrease the total number of common shares authorized for issuance under the Charter from 450,000,000 to 225,000,000. As previously disclosed, the Charter Amendment was approved by the shareholders of the company at the company's 2015 annual meeting of shareholders held on May 21,2015. The Charter Amendment became effective upon filing. On May 21, 2015, the Board of Trustees of the company approved and adopted amendments to the company's Second Amended and Restated Bylaws. Article V, Section 2 of the Bylaws was amended to allow for the company's president to remove a vice president from office to coincide with the president's authority to appoint vice presidents to office. Article V, Section 9 of the Bylaws also was amended to allow for the company's president to designate one or more vice presidents as executive vice president, senior vice president or vice president of particular areas of responsibility, in addition to the Board. The Bylaw Amendments became effective immediately.

 

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