Kite Realty Group

http://kiterealty.com

“We completed an excellent fourth quarter and strategically transformative year for Kite Realty. We successfully completed and integrated a milestone $2.1 billion merger while quickly executing transactions to sell $318 million of non-core assets. The merger and subsequent asset sale improved our portfolio’s metrics and materially increased our net asset value. These actions also enabled us to further strengthen our balance sheet and increase our recurring cash flow, which was recognized when we were awarded investment grade ratings from both Moody’s and S&P,” said John Kite, Chairman and Chief Executive Officer. “Our 2015 outlook is very positive as supported by increasing our dividend by approximately 5 percent. Looking forward, we continue to focus on strong portfolio operations, improving asset quality by conservatively redeploying the sales proceeds, and enhancing our financial flexibility.”

Contact Information

Main Offices -

P. 317 577 5600
30 S. Meridian
Suite 1100
Indianapolis, IN 46204
Media Contact Name: Lori Wick

Company Categories: 

Commercial Leasing Brokerage

Industry Segments: 

Retail

Markets: 

Albuquerque, Arkansas, Atlanta, Austin, Baltimore, Birmingham, Boston, Charlotte, Chicago, Cincinnati, Cleveland, Colorado, Columbus, Dallas / Ft. Worth, Dayton, Des Moines, Detroit, Grand Rapids, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Los Angeles, Louisville, Memphis, Miami / South Florida, Milwaukee / Madison, Minneapolis, Nashville, National, New Jersey, New Orleans, New York, Oklahoma City, Omaha, Orlando, Pennsylvania, Phoenix, Portland, Raleigh, Sacramento, Salt Lake City, San Antonio, San Diego, San Francisco, San Jose, Seattle, Springfield, St. Louis, Tampa, Tucson, Tulsa, Washington, D.C.