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Last $27.41 USD
Change Today -0.37 / -1.33%
Volume 724.1K
KRG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

kite realty group trust (KRG) Snapshot

Open
$27.64
Previous Close
$27.78
Day High
$27.75
Day Low
$27.30
52 Week High
01/27/15 - $31.57
52 Week Low
08/1/14 - $22.92
Market Cap
2.3B
Average Volume 10 Days
445.7K
EPS TTM
$0.04
Shares Outstanding
83.5M
EX-Date
04/1/15
P/E TM
747.9x
Dividend
$1.09
Dividend Yield
3.84%
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: $1.5M
President and Chief Operating Officer
Total Annual Compensation: $789.4K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $675.6K
Compensation as of Fiscal Year 2013.

kite realty group trust (KRG) Key Developments

Kite Realty Group Trust Acquires Colleyville Downs Shopping Center in Dallas, Texas Metro

Kite Realty Group Trust announced that it has acquired Colleyville Downs, a 201,000 square foot shopping center located in the MSA of Dallas, Texas. The center is 92% leased and anchored by three major national anchor tenants including Petco, Ace Hardware and a newly constructed Whole Foods Market which opened last year.

Kite Realty Group Trust, Kite Realty Group, L.P. and Subsidiaries Enter into the First Amendment to the Fourth Amended and Restated Credit Agreement

On March 12, 2015, Kite Realty Group Trust, Kite Realty Group, L.P. (the Operating Partnership) and certain of the operating partnership's subsidiaries entered into the first amendment to the fourth amended and restated credit agreement, dated as of July 1, 2014, by and among the Operating Partnership, KeyBank National Association, as Administrative Agent (the Agent), and the other lenders party thereto. As previously disclosed, certain subsidiaries of the Operating Partnership have guaranteed payment and performance of the Operating Partnership's obligations under the Amended Credit Agreement pursuant to a Third Amended and Restated Guaranty, dated as of July 1, 2014. Pursuant to the amendment, the Agent has agreed to release any Subsidiary Guarantor from the Guaranty upon receipt from the Operating Partnership of notice that the company or Operating Partnership has received an investment grade credit rating and certification that the applicable Subsidiary Guarantor is not liable with respect to any unsecured indebtedness, provided that no default or event of default exists or would arise as a result of such release. The amendment also provides that, following such notification from the Operating Partnership any subsidiary of the Operating Partnership that becomes liable with respect to any unsecured indebtedness must be made a guarantor under the Guaranty. On March 17, 2015, in accordance with the terms of the Amendment, the Agent delivered a letter to the company acknowledging that the Release Conditions have been satisfied and that the Agent, for itself and on behalf of the other lenders, has released all of the Subsidiary Guarantors from any and all liabilities or obligations under the Guaranty. In light of the foregoing, there are currently no subsidiary guarantors of the Operating Partnership's obligations under the Amended Credit Agreement. In addition to the foregoing, the Amendment also changes the calculation of unsecured debt interest expense, which is used for purposes of calculating the unsecured debt interest coverage ratio, to be the actual interest expense incurred. Previously, unsecured debt interest expense was the greater of the actual interest expense incurred and an implied expense based on an assumed 6.0% interest rate.

Kite Realty Group Trust Reports Free Cash Flow for 2014

Kite Realty Group Trust reported free cash flow for 2014. The company has grown its free cash flow from $10 million a couple of years ago to over $50 million.

 

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