Kite Realty Group Trust Announces Quarterly Common Dividend
August 11 2017 - 4:20PM
Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today
that its Board of Trustees declared a quarterly cash distribution
of $0.3025 per common share for the quarter ended September 30,
2017. This distribution will be paid on or about October 13, 2017,
to shareholders of record as of October 6, 2017.
About Kite Realty Group
Trust
Kite Realty Group Trust is a full-service,
vertically integrated real estate investment trust (REIT) engaged
primarily in the ownership and operation, acquisition, development
and redevelopment of high-quality neighborhood and community
shopping centers in select markets in the United States. As of June
30, 2017, we owned interests in 117 operating and redevelopment
properties totaling approximately 23.1 million square feet and one
development project currently under construction.
Our strategy is to maximize the cash flow of our
operating properties, successfully complete the construction and
lease-up of our redevelopment and development portfolio, and
identify additional opportunities to acquire or dispose of
properties to further strengthen the Company. New investments are
focused in the shopping center sector primarily in markets where we
believe we can leverage our existing infrastructure and
relationships to generate attractive risk-adjusted returns or
otherwise in desirable trade areas. Dispositions are generally
designed to increase the quality of our portfolio and to strengthen
the Company’s balance sheet.
Contact Information:
Dan Sink
EVP & CFO
(317) 577-5609
dsink@kiterealty.com
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