INDIANAPOLIS, June 17, 2025 – Kite Realty Group Trust (KRG), a prominent player in the real estate investment trust (REIT) sector, has announced the pricing of a $300 million senior notes offering. The operating partnership, Kite Realty Group, L.P., is behind the deal, which involves 5.200% Senior Notes due 2032. These notes will be offered at 99.513% of their face value, resulting in a yield to maturity of 5.281%. Investors can look forward to semi-annual interest payments on February 15 and August 15 each year, starting February 15, 2026. The closing of this offering is anticipated on June 27, 2025, pending standard closing conditions.
The proceeds from this offering are earmarked for repaying existing debt and general corporate purposes, signaling a strategic move to bolster the company’s financial flexibility.
The underwriting syndicate for this offering was led by a group of experienced financial institutions. The offering adheres to a shelf registration statement filed with the Securities and Exchange Commission back in June 2024, with a preliminary prospectus supplement already on file.
This offering is being made exclusively through a prospectus and related prospectus supplement, solidifying the company’s adherence to regulatory requirements.
About Kite Realty Group
Kite Realty Group (KRG), a REIT, is a major owner and operator of shopping centers and mixed-use assets. Focusing on grocery-anchored properties, the company has a strong presence in high-growth Sun Belt markets and other strategic locations. As of March 31, 2025, Kite Realty Group’s portfolio included interests in 180 open-air shopping centers and mixed-use assets across the U.S., representing approximately 27.8 million square feet of gross leasable space.
Safe Harbor
This release contains forward-looking statements within the meaning of federal securities laws, and they are based on expectations and are subject to risks and uncertainties. Actual results could differ materially from those projected due to factors including economic conditions, interest rate volatility, tenant financial stability, competitive pressures, real estate investment risks, and other factors.
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