INDIANAPOLIS, Oct. 06, 2022 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE: KRG) introduced at present that it’ll launch monetary outcomes for the quarter ending September 30, 2022, after the market closes on Wednesday, November 2. KRG will conduct a convention name to focus on its monetary outcomes the next day, November 3, at 11:00 a.m. Eastern Time.
KRG Q3 2022 Earnings Conference Call
Dial-In Registration: KRG Third Quarter 2022 Teleconference Registration
Webcast Link: Third Quarter 2022 Webcast
A reside webcast of the convention name may even be accessible at kiterealty.com. A replay of the decision will stay accessible on the company web site.
About Kite Realty Group Trust
Kite Realty Group Trust (NYSE: KRG) is an actual property funding belief (REIT) headquartered in Indianapolis, IN that is likely one of the largest publicly traded house owners and operators of open-air procuring facilities and mixed-use property. The firm’s primarily grocery-anchored portfolio is situated in high-growth Sun Belt and choose strategic gateway markets. The mixture of necessity-based grocery-anchored neighborhood and group facilities, together with vibrant mixed-use property makes the KRG portfolio a really perfect combine for each retailers and shoppers. Publicly listed since 2004, KRG has almost 60 years of expertise in creating, setting up and working actual property. Using operational, funding, improvement, and redevelopment experience, KRG repeatedly optimizes its portfolio to maximize worth and return to shareholders. As of June 30, 2022, the Company owned pursuits in 181 U.S. open-air procuring facilities and mixed-use property, comprising roughly 28.8 million sq. ft of gross leasable area. For extra info, please go to kiterealty.com.
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Safe Harbor
This launch, along with different statements and knowledge 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 will not be realized and are inherently topic to dangers, uncertainties and different elements, a lot 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 differ considerably from our forward-looking statements is the hostile 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 actual property market and the worldwide economy and monetary markets. Moreover, traders are cautioned to interpret lots of the dangers recognized below 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 studies on Form 10-Q as being heightened because of the continuing and quite a few hostile impacts of COVID-19.
Additional dangers, uncertainties and different elements which may trigger such variations, a few of which may very well be materials, embrace however aren’t restricted to: the dangers related to the merger with RPAI, together with the combination of the companies of the mixed firm, the power to obtain 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, significantly in reference to low or unfavourable development 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 in line with anticipated NOI for leases which have signed however not but opened; financing dangers, together with the provision of, and prices related to, sources of liquidity; the Company’s capability 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 atmosphere through which the Company operates, together with potential oversupplies of and discount in demand for rental area; acquisition, disposition, improvement and three way partnership dangers; property possession and administration dangers, together with the relative illiquidity of actual property investments, and bills, vacancies or the lack to lease area on favorable phrases or in any respect; the Company’s capability to preserve the Company’s standing as an actual property funding belief for U.S. federal revenue 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 procuring heart property and altering demographics and buyer visitors patterns; business continuity disruptions and a deterioration in our tenant’s capability 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 conflict, acts of God, local weather change, epidemics, pandemics (together with COVID-19), pure disasters and extreme climate circumstances, together with such occasions which will lead to underinsured or uninsured losses or different elevated prices and bills; modifications in legal guidelines and authorities laws together with governmental orders affecting using 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 modifications in shopper conduct due to COVID-19 and the concern of future pandemics; our capability to fulfill environmental, social or governance requirements set by numerous constituencies; insurance prices and protection; dangers related to cybersecurity assaults and the lack of confidential info and different business disruptions; different elements affecting the actual property business typically; and different dangers recognized in studies the Company recordsdata with the Securities and Exchange Commission (“the SEC”) or in different paperwork that it publicly disseminates, together with, specifically, 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 studies on Form 10-Q. The Company undertakes no obligation to publicly replace or revise these forward-looking statements, whether or not because 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]
