KITE REALTY GROUP TRUST (NYSE:KRG) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
Kite Realty Group Trust (the “Company”) intends to distribute copies of certain printed materials (the “Materials”) to analysts, institutional investors and other persons in connection with meetings to be held by the Company on September 12, 2017. A copy of these Materials is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure.
This presentation, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning of Section27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to: national and local economic, business, real estate and other market conditions, particularly in light of low growth in the U.S. economy as well as economic uncertainty caused by fluctuations in the prices of oil and other energy sources; financing risks, including the availability of, and costs associated with, sources of liquidity; our ability to refinance, or extend the maturity dates of, our indebtedness; the level and volatility of interest rates; the financial stability of tenants, including their ability to pay rent and the risk of tenant bankruptcies; the competitive environment in which we operate; acquisition, disposition, development and joint venture risks; property ownership and management risks; our ability to maintain our status as a real estate investment trust for federal income tax purposes; potential environmental and other liabilities; impairment in the value of real estate property we own; the impact of online retail and the perception that such retail has on the value of shopping center assets; risks related to the geographical concentration of our properties in Florida, Indiana and Texas; insurance costs and coverage; risks associated with cybersecurity attacks and the loss of confidential information and other business disruptions; other factors affecting the real estate industry generally; and other risks identified in our Annual Report on Form10-K and, from time to time, in other reports we file with the Securities and Exchange Commission (the “SEC”) or in other documents that we publicly disseminate. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
The information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibit 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit No. |
Description |
99.1 |
Presentation Materials of Kite Realty Group Trust, datedSeptember 11, 2017 |
KITE REALTY GROUP TRUST ExhibitEX-99.1 2 kiteinvestorupdate917.htm KRG PRESENTATION MATERIALS kiteinvestorupdate917
2
SHARE PRICE
(AS OF 9/6/17) $20.45
EQUITY MARKET
CAPITALIZATION
(AS OF 9/6/17)
$1.8 BN
ENTERPRISE
VALUE
(AS OF 9/6/17)
$3.4 BN
DIVIDEND YIELD1 5.9%
MOODY’S/S&P
RATINGS Baa3/BBB-
PORTFOLIO SUMMARY
Number of Properties 118
Number of States 20
Total GLA (SF) 23.2mm
Total Retail Operating Portfolio Leased 94.5%
Retail Operating Shop Portfolio Leased 89.2%
Annualized Base Rent (ABR) Per SF,…To view the full exhibit click here
About KITE REALTY GROUP TRUST (NYSE:KRG)
Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States. The Company holds interests in approximately three development projects under construction, and over six redevelopment projects. The Company holds interests in approximately 110 retail operating properties totaling over 20 million square feet of gross leasable area located in approximately 20 states. The Company’s properties include Clay Marketplace and Trussville Promenade in Birmingham, Alabama; The Corner in Tucson, Arizona; Rampart Commons in Las Vegas, Nevada; Merrimack Village Center in Merrimack, New Hampshire; Bayonne Crossing in Bayonne, New Jersey, and Memorial Commons in Golsboro, North Carolina.