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Stock impact report

Kite Realty Group Trust Upgraded by S&P to BBB with Stable Outlook

Kite Realty Group Trust (KRG) 
Last kite realty group trust earnings: 2/18 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.kiterealty.com
Company Research Source: GlobeNewswire
INDIANAPOLIS, June 28, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that S&P Ratings (“S&P”) upgraded its issuer credit rating for Kite Realty Group Trust and the Company’s Operating Partnership, Kite Realty Group L.P., to ‘BBB’ from ‘BBB-’, with a stable outlook. In its public announcement on the matter, S&P cited “Kite Realty Group Trust has further deleveraged its balance sheet following its merger with RPAI” and noted “the Company will likely improve its leased occupancy and rents over the next couple of years due to our view that demand for its well-located, open-air centers will remain healthy amid limited supply in some markets.” About Kite Realty Group Trust Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located Show less Read more
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