After report of Kite deal, CEO of Glimcher resigns
Retail real estate firm WP Glimcher denied last week that it was in talks to merge with Indianapolis-bases Kite Realty Group Trust. Now its CEO is gone, and directors are reevaluating its portfolio.
Kite Realty Group
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Ohio retail owner denies merger discussions with Kite Realty
Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.
Report of Kite-WP Glimcher merger takes analysts by surprise
At least one industry analyst that follows Indianapolis-based Kite Realty said a union between the two companies wouldn’t make sense, given that most of Kite’s properties are strip centers and WP Glimcher’s are shopping malls.
Report: Kite Realty in merger talks with Ohio-based retail REIT
Indianapolis-based Kite Realty Group Trust is in merger talks with fellow retail landlord WP Glimcher Inc., Reuters reported late Wednesday, citing people familiar with the matter.
Kite seeking zoning change for $15M-plus Carmel project
Kite Realty Group Trust is planning to turn the retail center on the southwest corner of 116th Street and Rangeline Road in Carmel “inside out.”
Kite Realty first-quarter results top analyst forecasts
Indianapolis-based Kite Realty Group Trust on Thursday reported funds from operations and revenue that beat the predictions of analysts.
Kite to add housing at Rangeline and 116th
Kite Realty Group Trust is preparing to replace one of its struggling Carmel retail strips with a mixed-use development, but the firm has released few details about the project.
Kite Realty results meet, beat expectations
Kite Realty Group Trust on Thursday reported quarterly results that matched or exceeded the predictions of Wall Street analysts.
Kite Realty reports profit, bumps up earnings outlook
The Indianapolis-based real estate company said it had funds from operations of $43.9 million in the period, slightly beating Wall Street expectations.
Kite reports higher quarterly profit, revenue
Indianapolis-based Kite Realty Group Trust reported quarterly profit that beat analyst expectations and raised its guidance for the year.
Kite reports higher profit, revenue on larger portfolio
The Indianapolis-based real estate company earned first-quarter profit of $5.1 million and revenue of $86.8 million, which more than doubled from the same period last year.
REIT stock prices climb on rebounding economy
Shares of real estate investment trusts Duke, Kite and Simon have all hit 52-week highs this month, with Simon climbing above $200 for the first time since the company went public.
Kite buys Vegas shopping center for $32.5 million
The Indianapolis-based real estate investment trust said the 81,000-square-foot shopping center was fully occupied and would build on its presence in the tourism mecca.
Kite reports quarterly loss on acquisition costs
The real estate company’s loss of $16.4 million in the third quarter was due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust in July.
PROXY CORNER: Kite Realty Group Trust
Indianapolis-based Kite Realty Group Trust engages in the development, construction, acquisition, ownership and operation of shopping centers in the United States. It also provides real estate management and advisory services to third parties.
Kite Realty creates general counsel post
Kite Realty Group Trust has created the position of executive vice president, general counsel and corporate secretary and has brought aboard Scott E. Murray to fill it.
Kite shares start trading under 1-for-4 split
Kite Realty Group Trust’s stock fetched $25 on Tuesday, an increase of more than 300 percent from the previous close, after the company’s split took effect.
Acquisition costs contribute to Kite quarterly loss
The company’s loss of $5.1 million in the second quarter was mostly due to costs from its $1.2 billion acquisition of Inland Diversified Real Estate Trust early this month, the Indianapolis-based company said.
Kite Realty to engineer 1-for-4 reverse stock split
The move will hike the real estate firm’s stock price, combining every four shares into a single share. Kite officials hope a double-digit price will give shares a more stable foundation and an image makeover.
Kite CEO ‘not afraid to continue to grow’
In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.