Kite Realty Group Trust reports on the third quarter of 2021
INDIANAPOLIS, September 28, 2021 (GLOBE NEWSWIRE) – Kite Realty Group Trust (NYSE: KRG) announced today that it will publish financial results for the quarter ended September 30, 2021 after the market closes on Thursday, October 28th will. KRG will host a conference call the following day, October 29th, at 11:00 am Eastern Time to discuss its financial results.
The dial-in numbers are (844) 309-0605 for domestic callers and (574) 990-9933 for international callers (Conference ID: 4559979). A live webcast of the conference call will be available at kiterealty.com. In addition, a webcast replay of the call will remain available on the company website.
About Kite Realty Group Trust
Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers with retailers in sought-after markets through our portfolio of neighborhood, community and lifestyle centers. With operational, development and restructuring expertise, we continuously optimize our portfolio in order to maximize the value and return for our shareholders. For more information, please visit our website at kiterealty.com.
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This press release, together with other statements and information we have publicly released, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the âSecurities Actâ) and Section 21E of the Securities Exchange Act of 1934. Such statements are based on beliefs and expectations that may not be realized and that are inherently subject to risks, uncertainties and other factors, many of which cannot be accurately predicted and some of which may not even be foreseen. Future events and actual results, performance, transactions or achievements, financial or otherwise, could differ materially from the results, performance, transactions or achievements, financial or otherwise, express or implied in the forward-looking statements.
Currently, one of the most important factors that could cause actual results to differ materially from our forward-looking statements is the potential negative impact of the current novel coronavirus or COVID-19 pandemic, including possible flares and mutations, on our financial condition, results of operations , Cash flow and performance of the company and its tenants, the real estate market as well as the global economy and financial markets. The effects of COVID-19 have resulted in and may continue to cause many of our tenants to close stores, reduce opening hours or significantly reduce service, making it difficult for them to meet their rental obligations and therefore have and will continue to have a significant impact on the foreseeable future Future. COVID-19 has severely affected us, and the extent to which it will continue to affect us and our tenants will depend on future developments, including the extent, severity and duration, which are highly uncertain and cannot be predicted with confidence the pandemic, the continued speed of vaccine distribution, the effectiveness of vaccines, including against variants of COVID-19, the acceptance and availability of vaccines, the measures taken to contain the pandemic or to mitigate its effects, and the direct and indirect economic effects of the pandemic and containment measures, among others. In addition, investors are cautioned against many of the âRisk Factorsâ section in our Annual Report on Form 10-K for the 31st impact of the COVID-19 pandemic.
Additional risks, uncertainties and other factors that could cause such differences, some of which could be material, include, but are not limited to: the ability to complete the merger with RPAI, including the satisfaction of the conditions necessary for the completion of the proposed transaction (such as the consent of the shareholders of both companies), on the terms or schedules currently envisaged, or at all; the occurrence of an event, change or other circumstance that could result in the termination of the Merger Agreement in relation to the proposed transaction with RPAI; Risks associated with acquisitions in general, including the integration of the Company’s businesses and RPAI and the ability to achieve anticipated synergies or cost savings; the risk that interruptions caused by or in connection with the proposed transaction will harm the company’s business, including current plans and operations; national and local economic, business, real estate and other market conditions, particularly in connection with low or negative growth in the US economy and economic uncertainty; Funding risks, including the availability of and related costs of sources of liquidity; the company’s ability to refinance the company’s debt or extend its due dates; The level and volatility of interest rates; tenants ‘financial stability, including their ability to pay rent or apply for rental discounts, and the risk of tenants’ bankruptcy and bankruptcy; the competitive environment in which the company operates, including possible oversupply and reduced demand for rental space; Acquisition, divestment, development and joint venture risks; Ownership and management risks, including the relative illiquidity of real estate investments, periodic costs of repair, renovation and re-letting of space, operating costs and expenses, vacancy or the inability to rent space on favorable terms or at all; the Company’s ability to maintain the Company’s real estate investment trust status for US federal income tax purposes; potential environmental and other obligations; Depreciation of real estate owned by the company; the attractiveness of our properties to tenants, the actual and perceived impact of e-commerce on the value of shopping mall assets, and changing demographics and customer traffic patterns; Risks associated with our current geographic concentration of the Company’s properties in Florida, Indiana, Texas, North Carolina and Nevada; Civil unrest, acts of terrorism or war, force majeure, climate change, epidemics, pandemics (including COVID-19), natural disasters and severe weather conditions such as hurricanes, tropical storms, tornadoes, earthquakes, droughts, floods and fires, including those events or conditions that lead to may result in under-insured or uninsured losses or other increased costs and expenses; Changes in laws and government regulations, including government orders, that affect the use of Company properties or the ability of its tenants to operate, and the cost of complying with such changed laws and government regulations; possible short- or long-term changes in consumer behavior due to COVID-19 and fears of future pandemics; Insurance costs and coverage; Risks related to cybersecurity attacks and the loss of confidential information and other business interruptions; other factors affecting the real estate industry in general; and other risks identified in reports the company files with the Securities and Exchange Commission (âthe SECâ) or other documents it publishes, including but not limited to the âRisk Factorsâ section of the company’s annual report on Form 10 -K for the fiscal year ended December 31, 2020 and in the company’s quarterly reports on Form 10-Q. The company assumes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or for any other reason.
This earnings release also contains certain forward-looking non-GAAP information. Due to the high degree of variability and the difficulty in making accurate forecasts and projections for some of the information excluded from these estimates, as well as some of the excluded information that cannot be ascertained or accessed, the company is unable to quantify certain amounts that would need to be included in the most directly comparable GAAP financial measures without undue effort.
Contact information: Kite Realty Group Trust
SVP, Capital Market & Investor Relations