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INDIANAPOLIS, Oct. 31, 2022 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE: KRG) introduced at present the discharge of its inaugural Corporate Responsibility Report, which offers a complete overview of the Company’s technique and initiatives concerning environmental, social, and governance (ESG) practices and insurance policies. The report additionally particulars progress, measurements, and case research round every of the Company’s targets and associated initiatives.
“As with all aspects of our organization, KRG’s corporate responsibility efforts are measurable, meaningful, and integrated into our operations. Our results directly impact our company performance, our team, and our communities.” stated John A. Kite, Chairman and CEO. “We look forward to continued growth toward our long-term corporate responsibility goals.”
2021 Report highlights embrace:
- Increased various illustration on KRG’s Board of Trustees to over 30%
- Increased Independent Trustee illustration on KRG’s Board of Trustees to 92%
- Dedicated over 4,000 staff member hours to KRG’s Volunteer Time Off (VTO) program
- Contributed $1.5 million towards the creation of a brand new neighborhood studying heart serving the underprivileged
- Hosted over 200 neighborhood occasions all through the KRG portfolio
- Reduced greenhouse gasoline (GHG) emissions by 4.8% on a year-over-year foundation
- Reduced vitality utilization by 5.0% on a year-over-year foundation
- Eliminated 1,557 metric tons of CO2e
- Reached over 17,000 timber planted by way of KRG’s Project Green reforestation effort
- Increased IREM Certified property rely to 29 properties
- Achieved Gold Level Green Lease Leader recognition for the second consecutive yr
To be taught extra and browse Kite Realty Group’s 2021 Corporate Responsibility Report, please go to KRG’s ESG & Corporate Responsibility web page.
About Kite Realty Group Trust
Kite Realty Group Trust (NYSE: KRG) is an actual property funding belief (REIT) headquartered in Indianapolis, IN that is among the largest publicly traded house owners and operators of open-air purchasing facilities and mixed-use belongings. The firm’s primarily grocery-anchored portfolio is positioned in high-growth Sun Belt and choose strategic gateway markets. The mixture of necessity-based grocery-anchored neighborhood and neighborhood facilities, together with vibrant mixed-use belongings makes the KRG portfolio a super combine for each retailers and shoppers. Publicly listed since 2004, KRG has almost 60 years of expertise in growing, establishing and working actual property. Using operational, funding, growth, and redevelopment experience, KRG constantly optimizes its portfolio to maximise worth and return to shareholders. As of June 30, 2022, the Company owned pursuits in 181 U.S. open-air purchasing facilities and mixed-use belongings, comprising roughly 28.8 million sq. toes of gross leasable house. For extra info, please go to kiterealty.com.
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Safe Harbor
This launch, along with different statements and data publicly disseminated by us, accommodates sure forward-looking statements throughout the that means of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. Such statements are primarily based on assumptions and expectations that might not be realized and are inherently topic to dangers, uncertainties and different components, lots of which can’t be predicted with accuracy and a few of which could not even be anticipated. Future occasions and precise outcomes, efficiency, transactions or achievements, monetary or in any other case, might differ materially from the outcomes, efficiency, transactions or achievements, monetary or in any other case, expressed or implied by the forward-looking statements.
Currently, one important issue that would trigger precise outcomes to vary considerably from our forward-looking statements is the adversarial impact of the present pandemic of the novel coronavirus, or COVID-19, together with potential resurgences, variants and mutations, on the monetary situation, outcomes of operations, money flows and efficiency of the Company and its tenants, the true property market and the worldwide economy and monetary markets. Moreover, traders are cautioned to interpret most of the dangers recognized underneath the part titled “Risk Factors” in our Annual Report on Form 10-Okay for the fiscal yr ended December 31, 2021 and within the Company’s quarterly experiences on Form 10-Q as being heightened on account of the continued and quite a few adversarial impacts of COVID-19.
Additional dangers, uncertainties and different components that may trigger such variations, a few of which may very well be materials, embrace however are usually not restricted to: the dangers related to the merger with RPAI, together with the combination of the companies of the mixed firm, the power to realize anticipated synergies or prices financial savings and potential disruptions to the Company’s plans and operations; nationwide and native financial, business, actual property and different market circumstances, notably in reference to low or unfavourable progress within the U.S. economy in addition to financial uncertainty (together with the potential results of inflation and will increase in rates of interest); the chance that our precise NOI for leases which have signed however not but opened won’t be according to anticipated NOI for leases which have signed however not but opened; financing dangers, together with the supply of, and prices related to, sources of liquidity; the Company’s capacity to refinance, or lengthen the maturity dates of, the Company’s indebtedness; the extent and volatility of rates of interest; the monetary stability of tenants; the aggressive surroundings during which the Company operates, together with potential oversupplies of and discount in demand for rental house; acquisition, disposition, growth and three way partnership dangers; property possession and administration dangers, together with the relative illiquidity of actual property investments, and bills, vacancies or the shortcoming to lease house on favorable phrases or in any respect; the Company’s capacity to keep up the Company’s standing as an actual property funding belief for U.S. federal earnings tax functions; potential environmental and different liabilities; impairment within the worth of actual property property the Company owns; the attractiveness of our properties to tenants, the precise and perceived impression of e-commerce on the worth of purchasing heart belongings and altering demographics and buyer site visitors patterns; business continuity disruptions and a deterioration in our tenant’s capacity to function in affected areas or delays within the provide of services or products to us or our tenants from distributors which can be wanted to function effectively, inflicting prices to rise sharply and stock to fall; dangers associated to our present geographical focus of the Company’s properties in Texas, Florida, New York, Maryland, and North Carolina; civil unrest, acts of terrorism or battle, acts of God, local weather change, epidemics, pandemics (together with COVID-19), pure disasters and extreme climate circumstances, together with such occasions that will end in underinsured or uninsured losses or different elevated prices and bills; adjustments in legal guidelines and authorities laws together with governmental orders affecting the usage of the Company’s properties or the power of its tenants to function, and the prices of complying with such modified legal guidelines and authorities laws; potential short-term or long-term adjustments in client habits resulting from COVID-19 and the worry of future pandemics; our capacity to fulfill environmental, social or governance requirements set by varied constituencies; insurance prices and protection; dangers related to cybersecurity assaults and the lack of confidential info and different business disruptions; different components affecting the true property trade usually; and different dangers recognized in experiences the Company information with the Securities and Exchange Commission (“the SEC”) or in different paperwork that it publicly disseminates, together with, particularly, the part titled “Risk Factors” within the Company’s Annual Report on Form 10-Okay for the fiscal yr ended December 31, 2021, and within the Company’s quarterly experiences on Form 10-Q. The Company undertakes no obligation to publicly replace or revise these forward-looking statements, whether or not on account of new info, future occasions or in any other case.
Contact Information: Kite Realty Group Trust
Tyler Henshaw
SVP, Capital Markets & Investor Relations
317.713.7780
[email protected]
