Kite Realty Group will announce Q4 2024 financial results on February 11, 2025, with a conference call on February 12.
Quiver AI Summary
Kite Realty Group announced that it will release its financial results for the fourth quarter of 2024 on February 11, 2025, after the market closes. A conference call to discuss these results is scheduled for February 12, 2025, at 1:00 p.m. Eastern Time, with a live webcast available on the company's website. Kite Realty Group, a publicly traded real estate investment trust (REIT) focused on open-air shopping centers and mixed-use properties, has over 60 years of industry experience and owns interests in 179 U.S. properties totaling approximately 27.7 million square feet. The press release also includes a safe harbor statement regarding forward-looking statements and the risks involved.
Potential Positives
- Kite Realty Group is scheduled to release its financial results for Q4 2024, indicating transparency and commitment to keeping investors informed.
- The planned conference call for discussing financial results demonstrates the company's proactive approach in engaging with stakeholders and addressing potential investor concerns directly.
- Kite Realty Group's substantial portfolio of 179 shopping centers and mixed-use assets showcases its significant presence in the real estate market, which may attract investor interest.
- The company’s focus on grocery-anchored and necessity-based properties positions it well within the current retail environment, appealing to both retailers and consumers.
Potential Negatives
- The announcement highlights potential economic uncertainties such as low or negative growth in the U.S. economy, rising interest rates, and inflation, which could adversely affect the company's performance.
- The extensive list of risks and uncertainties presented suggests significant vulnerabilities in the company's operational and financial stability.
- Potential challenges related to tenant financial stability and the competitive environment could impact the company's ability to maintain occupancy and rental income.
FAQ
When will Kite Realty Group release its Q4 2024 financial results?
Kite Realty Group will release its Q4 2024 financial results after market close on February 11, 2025.
How can I access the KRG Q4 2024 earnings conference call?
The KRG Q4 2024 earnings conference call can be accessed via live webcast at kiterealty.com on February 12, 2025.
What is the date and time of the KRG earnings conference call?
The KRG earnings conference call is scheduled for February 12, 2025, at 1:00 p.m. Eastern Time.
What business does Kite Realty Group specialize in?
Kite Realty Group specializes in owning and operating open-air shopping centers and mixed-use assets, primarily grocery-anchored.
Where is Kite Realty Group's portfolio located?
Kite Realty Group's portfolio is located in high-growth Sun Belt regions and select strategic gateway markets across the U.S.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KRG Insider Trading Activity
$KRG insiders have traded $KRG stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $KRG stock by insiders over the last 6 months:
- STEVEN P GRIMES has traded it 2 times. They made 0 purchases and 2 sales, selling 64,545 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KRG Hedge Fund Activity
We have seen 158 institutional investors add shares of $KRG stock to their portfolio, and 154 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRUDENTIAL FINANCIAL INC removed 1,870,504 shares (-95.3%) from their portfolio in Q3 2024
- INVESCO LTD. added 1,679,174 shares (+336.4%) to their portfolio in Q3 2024
- HUDSON BAY CAPITAL MANAGEMENT LP added 1,478,530 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 1,098,167 shares (-93.1%) from their portfolio in Q3 2024
- ALYESKA INVESTMENT GROUP, L.P. added 1,048,806 shares (+292.4%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 935,695 shares (-8.6%) from their portfolio in Q3 2024
- BROOKFIELD CORP /ON/ removed 799,390 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
INDIANAPOLIS, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Kite Realty Group (NYSE: KRG) announced today that it will release financial results for the quarter ending December 31, 2024, after the market closes on Tuesday, February 11, 2025. KRG will conduct a conference call to discuss its financial results on Wednesday, February 12, 2025 at 1:00 p.m. Eastern Time.
KRG Q4 2024 Earnings Conference Call
Dial-In Registration: KRG Fourth Quarter 2024 Teleconference Registration
Webcast Link: KRG Fourth Quarter 2024 Webcast
A live webcast of the conference call will also be available at kiterealty.com . A replay of the call will remain available on the corporate website.
About Kite Realty Group
Kite Realty Group Trust (NYSE: KRG), a real estate investment trust (REIT), is a premier owner and operator of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based neighborhood and community centers, along with vibrant mixed-use assets, makes the KRG portfolio an ideal platform for both retailers and consumers. Publicly listed since 2004, KRG has over 60 years of experience in developing, constructing, and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of September 30, 2024, the Company owned interests in 179 U.S. open-air shopping centers and mixed-use assets, comprising approximately 27.7 million square feet of gross leasable space. For more information, please visit
www.kiterealty.com
.
Connect with KRG: LinkedIn | Twitter | Instagram | Facebook
Safe Harbor
This release, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning 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 based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements.
Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to: economic, business, banking, real estate and other market conditions, particularly in connection with low or negative growth in the U.S. economy as well as economic uncertainty (including a potential economic slowdown or recession, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending); financing risks, including the availability of, and costs associated with, sources of liquidity; the Company’s ability to refinance, or extend the maturity dates of, the Company’s indebtedness; the level and volatility of interest rates; the financial stability of the Company’s tenants; the competitive environment in which the Company operates, including potential oversupplies of, or a reduction in demand for, rental space; acquisition, disposition, development and joint venture risks; property ownership and management risks, including the relative illiquidity of real estate investments, and expenses, vacancies or the inability to rent space on favorable terms or at all; the Company’s ability to maintain the Company’s status as a real estate investment trust for U.S. federal income tax purposes; potential environmental and other liabilities; impairment in the value of real estate property the Company owns; the attractiveness of our properties to tenants, the actual and perceived impact of e-commerce on the value of shopping center assets, and changing demographics and customer traffic patterns; business continuity disruptions and a deterioration in our tenants’ ability to operate in affected areas or delays in the supply of products or services to us or our tenants from vendors that are needed to operate efficiently, causing costs to rise sharply and inventory to fall; risks related to our current geographical concentration of the Company’s properties in the states of Texas, Florida, and North Carolina and the metropolitan statistical areas of New York, Atlanta, Seattle, Chicago, and Washington, D.C.; civil unrest, acts of violence, terrorism or war, acts of God, climate change, epidemics, pandemics, natural disasters and severe weather conditions, including such events that may result in underinsured or uninsured losses or other increased costs and expenses; changes in laws and government regulations including governmental orders affecting the use of the Company’s properties or the ability of its tenants to operate, and the costs of complying with such changed laws and government regulations; possible short-term or long-term changes in consumer behavior due to COVID-19 and the fear of future pandemics; our ability to satisfy environmental, social or governance standards set by various constituencies; insurance costs and coverage, especially in Florida and Texas coastal areas; risks associated with cybersecurity attacks and the loss of confidential information and other business disruptions; other factors affecting the real estate industry generally; whether our current development projects and new development opportunities will benefit from our favorable cost of debt, below-target leverage and higher levels of free cash flow; and other risks identified in reports the Company files with the Securities and Exchange Commission or in other documents that it publicly disseminates, including, in particular, the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in the Company’s quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information: Kite Realty Group
Tyler Henshaw
SVP, Capital Markets & Investor Relations
317.713.7780
[email protected]