KRG Kite Realty Group Trust New

Kite Realty Group Trust (NYSE: KRG) announced today that the taxation of its 2015 dividend distributions for the Company’s common shares of beneficial interest represents 74.03 percent ordinary income, 12.38 percent capital gain, and 13.59 percent return of capital. The tax allocations on the common shares for 2015 were based upon the annual dividend of $1.0775 per share.

The tax allocations of its 2015 dividend distributions for the Company’s Series A cumulative redeemable perpetual preferred shares (the “Series A Preferred Shares”) represents 100 percent ordinary income. The allocations on the Series A Preferred Shares for 2015 were based upon the total dividend of $2.093029 per share.

Common Shares                         Total Capital Record Payable Distribution Ordinary Gain Non-Taxable CUSIP Date Date per Share Dividend Distribution Distribution 49803T300 1/6/2015 1/13/2015 $   0.2600 $   0.192484 $   0.032175 $   0.035341 49803T300 4/6/2015 4/13/2015 0.2725 0.201738 0.033722 0.037040 49803T300 7/7/2015 7/14/2015 0.2725 0.201738 0.033722 0.037040 49803T300 10/6/2015 10/13/2015 0.2725 0.201738 0.033722 0.037040 $ 1.0775 $ 0.797698 $ 0.133341 $ 0.146461 74.03% 12.38% 13.59%   Preferred Shares Payable/ Total Capital Record Redemption Distribution Ordinary Gain Non-Taxable CUSIP Date Date per Share Dividend Distribution Distribution 49803T201 2/17/2015 3/1/2015 $ 0.515625 $ 0.515625 $ 0.000000 $ 0.000000 49803T201 5/22/2015 6/1/2015 0.515625 0.515625 0.000000 0.000000 49803T201 8/21/2015 9/1/2015 0.515625 0.515625 0.000000 0.000000 49803T201 11/23/2015 12/1/2015 0.515625 0.515625 0.000000 0.000000 49803T201 * 12/7/2015 0.030529 0.030529 0.000000 0.000000 $ 2.093029 $ 2.093029 $ 0.000000 $ 0.000000 100.00% 0.00% 0.00%

* The Series A Preferred Shares were redeemed on December 7, 2015 for a redemption price that included accrued dividends from December 2, 2015 up to, but not including, the redemption date.

This release is based on the preliminary results of work on the Company’s tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company’s distributions. No material change in these classifications is expected.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States. As of September 30, 2015, the Company owned interests in a portfolio of 124 operating, development and redevelopment properties totaling approximately 25 million total square feet across 22 states. For more information, please visit the Company’s website at www.kiterealty.com.

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Kite Realty Group TrustDan Sink, Chief Financial Officer, 317-577-5609dsink@kiterealty.comorInvestors/Media:Maggie Daniels, 317-713-7644Investor Relationsmdaniels@kiterealty.com