Kite Realty Group Trust Announces Tax Reporting Information for 2023 Dividend Distributions
January 24 2024 - 4:30PM
Kite Realty Group Trust (NYSE: KRG) announced today the allocations
of the Company's 2023 dividend distributions on its common stock.
The allocations as they will be reported on Form 1099-DIV are as
follows:
Common Shares |
|
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|
|
|
|
|
|
|
|
|
CUSIP |
|
RecordDate |
|
PayableDate |
|
TotalDistributionper Share |
|
OrdinaryDividend |
|
CapitalGainDistribution |
|
|
Non-TaxableDistribution 1 |
|
Section199ADividends 2 |
49803T300 |
|
1/6/2023 |
|
1/13/2023 |
|
$ |
0.24 |
|
$ |
0.21742 |
|
|
$ |
0.02258 |
|
|
|
$ |
0.00000 |
|
$ |
0.21742 |
49803T300 |
|
4/7/2023 |
|
4/14/2023 |
|
|
0.24 |
|
|
0.21742 |
|
|
|
0.02258 |
|
|
|
|
0.00000 |
|
|
0.21742 |
49803T300 |
|
7/7/2023 |
|
7/14/2023 |
|
|
0.24 |
|
|
0.21742 |
|
|
|
0.02258 |
|
|
|
|
0.00000 |
|
|
0.21742 |
49803T300 |
|
10/6/2023 |
|
10/13/2023 |
|
|
0.24 |
|
|
0.21742 |
|
|
|
0.02258 |
|
|
|
|
0.00000 |
|
|
0.21742 |
|
|
|
|
|
|
$ |
0.96 |
|
$ |
0.86968 |
|
|
$ |
0.09032 |
|
|
|
$ |
0.00000 |
|
$ |
0.86968 |
|
|
|
|
|
|
|
|
|
|
90.59 |
% |
|
|
9.41 |
% |
|
|
|
|
|
|
- Represents a return of
stockholders’ original investment
- Represents qualified REIT dividends
that may be eligible for the 20% qualified business income
deduction under Section 199A of the Internal Revenue Code of 1986,
as amended, that is available for non-corporate taxpayers and is
included in “Ordinary Dividends”.
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 in high-growth Sun
Belt and select strategic gateway markets. The combination of
necessity-based grocery-anchored neighborhood and community
centers, along with vibrant mixed-use assets makes the KRG
portfolio an ideal mix for both retailers and consumers. Publicly
listed since 2004, KRG has nearly 60 years of experience in
developing, constructing and operating real estate. Using
operational, investment, development, and redevelopment expertise,
KRG continuously optimizes its portfolio to maximize value and
return to shareholders. As of September 30, 2023, the Company owned
interests in 180 U.S. open-air shopping centers and mixed-use
assets, comprising approximately 28.3 million square feet of gross
leasable space. For more information, please visit
kiterealty.com.
Connect with KRG: LinkedIn | Twitter | Instagram
| Facebook
Safe Harbor
This release, together with other statements and
information publicly disseminated by us, contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 (the “Securities Act”) 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, banking, real estate and other market conditions,
particularly in connection with low or negative growth in the U.S.
economy as well as economic uncertainty (including a potential
economic slowdown or recession, rising interest rates, inflation,
unemployment, or limited growth in consumer income or spending);
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, the Company’s
indebtedness; the level and volatility of interest rates; the
financial stability of tenants; the competitive environment in
which the Company operates, including potential oversupplies of and
reduction in demand for rental space; acquisition, disposition,
development and joint venture risks; property ownership and
management risks, including the relative illiquidity of real estate
investments, and expenses, vacancies or the inability to rent space
on favorable terms or at all; the Company’s ability to maintain the
Company’s status as a real estate investment trust for U.S. federal
income tax purposes; potential environmental and other liabilities;
impairment in the value of real estate property the Company owns;
the attractiveness of our properties to tenants, the actual and
perceived impact of e-commerce on the value of shopping center
assets and changing demographics and customer traffic patterns;
business continuity disruptions and a deterioration in our tenant’s
ability to operate in affected areas or delays in the supply of
products or services to us or our tenants from vendors that are
needed to operate efficiently, causing costs to rise sharply and
inventory to fall; risks related to our current geographical
concentration of the Company’s properties in Texas, Florida,
Maryland, New York, and North Carolina; civil unrest, acts of
violence, terrorism or war, acts of God, climate change, epidemics,
pandemics (including COVID-19), natural disasters and severe
weather conditions, including such events that may result in
underinsured or uninsured losses or other increased costs and
expenses; changes in laws and government regulations including
governmental orders affecting the use of the Company’s properties
or the ability of its tenants to operate, and the costs of
complying with such changed laws and government regulations;
possible short-term or long-term changes in consumer behavior due
to COVID-19 and the fear of future pandemics; our ability to
satisfy environmental, social or governance standards set by
various constituencies; insurance costs and coverage; risks
associated with cybersecurity attacks and the loss of confidential
information and other business disruptions; other factors affecting
the real estate industry generally; and other risks identified in
reports the Company files with the Securities and Exchange
Commission (“the SEC”) or in other documents that it publicly
disseminates, including, in particular, the section titled “Risk
Factors” in the Company’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2022, and in the Company’s quarterly
reports on Form 10-Q. 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.
Contact Information: Kite Realty Group Trust
David BuellSVP, Chief Accounting
Officer317.713.5467dbuell@kiterealty.com
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