Kite Realty Group Trust Reports Third Quarter 2022 Operating Results
Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2022
Raises 2022 guidance
Leased approximately 1.6 million square feet, an all-time high for KRG, at 10.8%comparable blended cash leasing spreads
Issued inaugural Corporate Responsibility Report
INDIANAPOLIS, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2022.
“KRG produced strong third quarter results driven by our operational excellence and high-quality portfolio,” said John A. Kite, Chairman and CEO. “Our relentless team leased approximately 1.6 million square feet at nearly 11% comparable blended cash leasing spreads, highlighted by non-option renewal spreads in excess of 12%. Our outstanding results allowed us to once again raise 2022 guidance. We are laser-focused on taking advantage of the robust demand for open-air retail space and delivering long-term value to all our stakeholders.”
Third Quarter 2022 Financial Results
