Kite Realty Group Trust Provides Update on Hurricane Matthew
October 10 2016 - 12:15PM
Business Wire
Kite Realty Group Trust (NYSE: KRG) (“the Company”) is providing
a preliminary property assessment of the impact of Hurricane
Matthew on the Company’s assets in Florida, North Carolina, South
Carolina and surrounding areas. Based on initial assessments, the
Company’s properties did not sustain any material damage from the
hurricane. More thorough inspections will be performed in the
coming days to confirm the initial assessments.
About Kite Realty Group
Trust
Kite Realty Group Trust is a full-service, vertically integrated
real estate investment trust engaged in the ownership, operation,
management, leasing, acquisition, construction, redevelopment and
development of neighborhood and community shopping centers in
selected markets in the United States. As of June 30, 2016, the
Company owned interests in a portfolio of 121 operating,
development and redevelopment properties totaling approximately 24
million total square feet across 20 states.
Safe Harbor
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 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: national and
local economic, business, real estate and other market conditions,
particularly in light of low growth in the U.S. economy, as well as
economic uncertainty caused by fluctuations in the prices of oil
and other energy sources, 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,
its indebtedness, the level and volatility of interest rates, the
financial stability of tenants, including their ability to pay rent
and the risk of tenant bankruptcies, the competitive environment in
which the Company operates, acquisition, disposition, development,
joint venture, property ownership and management risks, the
Company’s ability to maintain its status as a real estate
investment trust for federal income tax purposes, potential
environmental and other liabilities, impairment in the value of
real estate property the Company owns, risks related to the
geographical concentration of the Company’s properties in Florida,
Indiana and Texas, insurance costs and coverage, risks associated
with cybersecurity attacks and the loss of confidential information
and other business interruptions, the dilutive effects of future
offerings of issuing additional securities, and other factors
affecting the real estate industry generally. The Company refers
you to the documents filed by the Company from time to time with
the SEC, specifically the section titled “Risk Factors” in the
Company’s and the Operating Partnership’s Annual Report on Form
10-K for the year ended December 31, 2015, which discuss these and
other factors that could adversely affect the Company’s results.
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.
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Kite Realty Group TrustMaggie Daniels, CFA, 317-713-7644Investor
Relationsmdaniels@kiterealty.com
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