Following this sale, Grimes retains ownership of 705,002 shares in the real estate investment trust. The transaction was filed on December 2, 2024, with John A. Kite signing as attorney-in-fact. The company maintains a healthy 3.92% dividend yield and has maintained dividend payments for 21 consecutive years. InvestingPro rates KRG’s overall financial health as GOOD, with additional insights available in the comprehensive Pro Research Report, part of the analysis covering 1,400+ US equities. The company maintains a healthy 3.92% dividend yield and has maintained dividend payments for 21 consecutive years. InvestingPro rates KRG’s overall financial health as GOOD, with additional insights available in the comprehensive Pro Research Report, part of the analysis covering 1,400+ US equities.
Following this sale, Grimes retains ownership of 705,002 shares in the real estate investment trust. The transaction was filed on December 2, 2024, with John A. Kite signing as attorney-in-fact.
In other recent news, Kite Realty Group Trust (NYSE:) has reported a record-setting third quarter in 2024, characterized by unprecedented leasing activity and robust financial performance. The company leased an all-time high of approximately 1.7 million square feet, contributing to a notable increase in portfolio occupancy to 95%. Additionally, Kite Realty Group Trust announced plans for further development and acquisitions, and raised its full-year funds from operations (FFO) guidance to a range of $2.06 to $2.08.
The company also made significant strides in its leasing operations, executing 17 anchor leases and seeing a 100 basis point increase in small shop lease rates. Kite Realty Group Trust’s financial performance was equally impressive, with a net debt to EBITDA ratio of 4.9 times and available liquidity exceeding $1.2 billion. The company also increased its dividend to $0.27 per share, up 8% year-over-year.
These recent developments indicate a positive momentum for Kite Realty Group Trust, especially with the announcement of the One Loudoun development and the acquisition of Parkside West Cobb for $40 million. However, the company did not provide specific guidance for the signed-not-open pipeline for 2025. Despite tenant credit concerns, Kite Realty Group Trust remains optimistic about its future growth, underpinned by strong demand across various retail segments and a disciplined approach to capital allocation and acquisitions.
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