INDIANAPOLIS, Aug. 11, 2017 (GLOBE NEWSWIRE) -- 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 email@example.com
Source:Kite Realty Group Trust