KRG 📈 Kite Realty Group Trust - Overview

Kite Realty Group Trust, listed on the New York Stock Exchange under the ticker symbol KRG, is a prominent real estate investment trust with its headquarters in Indianapolis, Indiana. As one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets, the company has established a significant presence in the real estate sector. Its portfolio is primarily composed of grocery-anchored properties, strategically located in high-growth Sun Belt regions and select gateway markets, which are characterized by their strong economic fundamentals and growth potential.

The company's portfolio is diversified, featuring a mix of necessity-based grocery-anchored neighborhood and community centers, as well as vibrant mixed-use assets. This blend of properties creates an attractive offering for both retailers and consumers, providing a stable foundation for the company's operations. With a history dating back nearly 60 years, Kite Realty Group Trust has developed extensive expertise in real estate development, construction, and operations. Since its public listing in 2004, the company has continued to refine its portfolio through a combination of operational, investment, development, and redevelopment strategies, all aimed at maximizing value and returns for its shareholders.

As of December 31, 2023, Kite Realty Group Trust's portfolio comprised interests in 180 open-air shopping centers and mixed-use assets across the United States, totaling approximately 28.1 million square feet of gross leasable space. This substantial portfolio is a testament to the company's commitment to growth and its ability to navigate the complexities of the real estate market. With a focus on strategic acquisitions, development, and redevelopment, Kite Realty Group Trust is well-positioned to capitalize on emerging trends and opportunities in the retail and mixed-use sectors. For more information, investors and stakeholders can visit the company's website at https://www.kiterealty.com, or reference its common stock details, including its ISIN (US49803T3005) and GICS Sub Industry classification as a Retail REIT.