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Last $27.34 USD
Change Today -0.10 / -0.36%
Volume 329.2K
As of 4:15 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

kite realty group trust (KRG) Snapshot

Open
$27.31
Previous Close
$27.44
Day High
$27.36
Day Low
$27.00
52 Week High
01/27/15 - $31.57
52 Week Low
08/1/14 - $22.92
Market Cap
2.3B
Average Volume 10 Days
442.4K
EPS TTM
$0.10
Shares Outstanding
83.6M
EX-Date
07/2/15
P/E TM
278.3x
Dividend
$1.09
Dividend Yield
3.85%
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.

146 Employees
Last Reported Date: 05/11/15
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, Executive Vice Presi...
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 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.

Kite Realty Group Trust Declares Quarterly Common and Preferred Dividends Payable on or about July 14, 2015 and June 1, 2015 Respectively

Kite Realty Group Trust announced that the Board of Trustees declared a quarterly cash distribution of $0.2725 per common share for the quarter ended June 30, 2015, to shareholders of record as of July 7, 2015. This distribution will be paid on or about July 14, 2015. Also, the Board of Trustees declared a quarterly preferred share cash distribution of $0.515625 per preferred share covering the distribution period from March 2, 2015, to June 1, 2015, payable to shareholders of record as of May 22, 2015. This distribution will be paid on or about June 1, 2015.

Kite Realty Group Trust Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for 2015

Kite Realty Group Trust reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $86,828,612 against $42,659,911 a year ago. Operating income was $18,482,490 against $5,205,536 a year ago. Income from continuing operations was $4,498,916 or 0.06 basic and diluted per share against loss from continuing operations of $2,217,107 or 0.03 basic and diluted per share a year ago. Net loss attributable to common shareholders was $5,064,731 or 0.06 basic and diluted per share against net income attributable to common shareholders of $2,218,028 or 0.07 basic and diluted per share a year ago. Funds from operations of the operating partnership was $42,090,805 or $0.49 per share basic and diluted against $12,984,828 or $0.38 per share basic and diluted a year ago. The reduction in FFO per diluted common share was primarily driven by the 15-asset disposition completed in two tranches, closing in December 2014 and March 2015. First quarter performance was a result of strategic focus, which remains anchored on operational excellence and consistently executing stated initiatives. Same-store NOI grew another 4.4% for the quarter and represents a more meaningful portion of overall portfolio, with assets contributing to same-store pool growing from 43% to now nearly 55%. This strong performance was made up of approximately 230 basis points from contractual rent growth, enhanced CAM recoveries and other ancillary revenue. The company is updating its guidance for FFO, as adjusted, for the year ending December 31, 2015, to be between $1.93 to $2.00 per diluted common share from $1.90 to $2.00 per diluted common share and for net income to be within a range of $0.17 to $0.24 per diluted common share. While other factors may impact FFO and net income, the company’s 2015 guidance is being updated based on the following assumptions: An increase of 3.0% to 3.5% in same-property NOI compared to the prior year from the initial guidance range of 2.5% to 3.5%; An increase in acquisition assumptions to $125 million from $80 million.

 

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KRG Competitors

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