Kite Realty Group

Kite reports larger quarterly loss, higher revenue

August 3, 2012
The Indianapolis-based real estate investment trust attributed much of the $2.7 million loss to $1.8 million in interest and depreciation expenses on some of its properties. Revenue grew to $25.1 million.
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Revamped Pan Am Plaza on track for October debut

July 31, 2012
Cory Schouten
Workers have ripped out the old fountain and crumbling bricks of Pan Am Plaza, making way for a waterproof membrane and new stone pavers in a Kite Realty Group Trust project to stabilize the plaza until it can pull off a redevelopment.
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Developer Kite to remake key corner in CarmelRestricted Content

May 26, 2012
Cory Schouten
Kite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery store and a handful of restaurants.
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Kite reports narrow loss as revenue rises

May 3, 2012
Cory Schouten
Kite Realty Group Trust Inc. reported a narrow first-quarter loss as a healthy revenue increase and a gain on the sale of an out-of-state shopping center were partially offset by a $1.3 million litigation charge.
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PROXY CORNER: Kite Realty Group TrustRestricted Content

April 14, 2012
Indianapolis-based Kite Realty Group Trust is a real estate investment trust, engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.
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Kite reports quarterly profit, smaller annual loss

February 9, 2012
The Indianapolis-based real estate investment trust earned a profit of $3.1 million for the quarter ended Dec. 31, but lost $800,000 for the entire year.
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Kite reports narrower loss on higher revenue, occupancy

November 2, 2011
Cory Schouten
Kite Realty Group Trust Inc. saw a smaller loss in its third quarter compared to a year ago, along with higher revenue and occupancy rates at its retail properties, the Indianapolis-based real estate investment trust announced Wednesday afternoon.
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Parking already at a premium at Rivers Edge shopping centerRestricted Content

October 1, 2011
Cory Schouten
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.
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Kite shares still grounded two years after plungeRestricted Content

September 3, 2011
Cory Schouten
Kite Realty Group Trust says leasing activity is up, debt maturities are under control, and new retail developments could boost operating income this year an impressive 17 percent. Yet shares in the locally based firm still fail to excite investors.
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Kite sees smaller loss, more revenue in 2nd quarter

August 4, 2011
 IBJ Staff
Kite Realty Group Trust saw a smaller loss and higher revenue in the second quarter compared to the same quarter a year ago, the Indianapolis-based real estate investment trust announced late Thursday.
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Kite Realty Trust reports wider first-quarter loss

May 6, 2011
 IBJ Staff
Indianapolis-based Kite Realty Group Trust on Friday reported a wider first-quarter loss than a year ago thanks to declining revenue and a big dividend payment to preferred shareholders.
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PROXY CORNER: Kite Realty Group Trust

April 16, 2011
Indianapolis-based Kite Realty Group Trust engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.
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Kite Realty sees decline in quarterly results

February 16, 2011
Associated Press
Indianapolis-based Kite Realty Group Trust on Wednesday reported a fourth-quarter loss on declining revenue.
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Kite plans to raise $65 million in stock offering

December 1, 2010
The Indianapolis-based real estate investment trust said it will sell 2.6 million shares of preferred stock at $25 each to repay debt, purchase property and use for general corporate purposes.
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Kite Realty improves third-quarter results

November 4, 2010
 IBJ Staff
Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.
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Legal fight over Pan Am Plaza outpaces redevelopmentRestricted Content

October 2, 2010
Cory Schouten
Plaintiffs are challenging the city's 2007 decision to waive a hefty fee that otherwise would have been required to redevelop the crumbling site.
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PROXY CORNER: Kite Realty Group Trust

August 7, 2010
 IBJ Staff
Kite Realty Group Trust, is a real estate investment trust that engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States.
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Kite Realty Group reports lower funds from operations

August 5, 2010
Scott Olson
Indianapolis-based developer said the loss reflected slower construction activity and lower profit on land and outlet sales. Occupancy at its retail centers increased, however, to 91 percent.
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Nordstrom confirms plans to open Rack store in Indianapolis

August 4, 2010
 IBJ Staff
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
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Retailers gain upper hand in negotiations with landlordsRestricted Content

July 24, 2010
Greg Andrews
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
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Slow economy bruises profits of Indiana's largest public companiesRestricted Content

June 19, 2010
Marc D. Allan
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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World Skating Academy gets reprieve, remains on thin ice

June 12, 2010
Anthony Schoettle
A fixture in downtown Indianapolis since 1987, the Academy hasn't yet been evicted from its Pan American Plaza ice rinks, but it operates under a cloud of uncertainty.
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Rivers Edge lands Nordstrom Rack, The Container Store

May 29, 2010
Cory Schouten
Two sought-after national retail concepts are poised to open their first Indianapolis stores. Kite Realty Group Trust has recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of Shops at Rivers Edge along 82nd Street at Dean Road.
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Kite reports first-quarter loss on lower revenue

May 6, 2010
Developer's $1.1 million loss in the first quarter reflected lower construction activity and lower gains on land and outlet sales.
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Many retail locations plagued by vacanciesRestricted Content

April 24, 2010
Scott Olson
Vacancy rates unseen in 20 years are hampering efforts by developers.
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