Kite Realty Group Trust

Kite Realty Group Trust

Kite Realty Group Trust

Overview
Date Founded

2004

Headquarters

30 South Meridian Street, Suite 1100, Indianapolis, IN, 46204, USA

Type of Company

Public

Employees (Worldwide)

133

Industries

Trusts & Funds
Real Estate
Real Estate Investment Trusts

Company Description

Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.

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Executives & Employees

Chief Executive Officer

President

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Senior Vice President & Chief Accounting Officer

Treasurer & Executive Vice President-Portfolio Management

Senior Vice President-Marketing & Communications

Founder

President

Partner

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Owners & Shareholders
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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM's strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

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Investment Counselors of Maryland (ICM) offers clients value investment solutions across the market-cap spectrum. In doing so, the firm utilizes two distinct investment processes. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced. These two strategies include: Small Cap, SMID Cap & Mid-Cap Value and Large Cap Value.In selecting investments for their Small Cap, SMID Cap & Mid-Cap Value strategies, ICM seeks to invest in companies that they estimate to be undervalued that also possess leading market share positions, shareholder-oriented management teams, and strong balance sheets and cash flow ratios. Usually, the shares of the companies they buy are selling at a price-to-earnings ratio below the average price-to-earnings ratio of the stocks in the broad capitalization-specific indices (i.e. Russell 2000 , Russell 2500 and Russell Midcap). The companies usually have higher return-on-equity and return-on-capital than the average company in those same indices. Using screening parameters such as price-to-earnings, relative return-on-equity and other financial ratios, ICM screens the universe of investments to identify potentially undervalued securities. They further narrow the list of potential investments through traditional fundamental security analysis.For their Large Cap Value strategy, ICM seeks to identify companies that are well-capitalized with sustainable competitive advantages and strong management teams. Using various screening parameters, they seek to identify potentially undervalued securities. ICM further narrows the list of potential investments through traditional fundamental security analysis. Investment are chosen once ICM is convinced the securities are undervalued and after they have attempted to discover a positive inflection point in the company's business momentum. ICM's primary focus is to confirm the competitive position of the company and that it is sufficiently undervalued based on historical valuation parameters, given their projected estimates for earnings and free-cash-flow.

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ClearBridge seeks to provide client accounts with long-term capital appreciation by actively selecting securities that the firm believes are trading at a discount to intrinsic value. Each strategy adheres firmly to the firm's value-driven, research intensive investment process. By adhering to a consistent, value-driven process, ClearBridge, strives to outperform its benchmarks over the long-term. ClearBridge's strategies include Value Equity and Small-Cap Core. ClearBridge's Value Equity strategy is designed for investors seeking a concentrated portfolio of primarily large-cap US securities. The firm's Small-Cap Core strategy is designed for investors seeking a concentrated portfolio of primarily small-cap US securities.

Recent Transactions
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Kite Realty Group Trust purchases Inland Diversified Real Estate Trust, Inc. from The Inland Group, Inc.

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Kite Realty Group Trust issued USD Common Stock

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Kite Realty Group Trust issued USD Common Stock

Transaction Advisors
Underwriter

Advised onKite Realty Group Trust issued USD Common Stock

Underwriter

Advised onKite Realty Group Trust issued USD Common Stock

Underwriter

Advised onKite Realty Group Trust issued USD Common Stock

Legal Advisor

Advised onKite Realty Group Trust purchases Inland Diversified Real Estate Trust, Inc. from The Inland Group, Inc.

Co-Head of Americas Real Estate Investment Banking

Advised onKite Realty Group Trust issued USD Common Stock

Director, Institutional Banking

Advised onKite Realty Group Trust issued USD Common Stock

Clients

Ulta Beauty, Inc. is a beauty retailer of cosmetics, fragrance, skin care and hair care products. It operates through the segment which includes retail stores, salon services and e-commerce. The firm provides unmatched product breadth, value and convenience in a distinctive specialty retail environment. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.

The TJX Companies, Inc., the leading off-price apparel and home fashions retailer in the U.S. and worldwide, is ranked 85 among Fortune 500 companies. They operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland and tkmaxx.com in the U.K. (combined, TJX International).

Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.

Key Stats and Financials As of 2019
Market Capitalization
$890M
Total Enterprise Value
$2.81B
Earnings Per Share
$-0.01
Net Profit
$-530K
EBITDA
$204M
EBITDAMargin
64.49%
Total Debt
$1.17B
Total Equity
$1.34B
Revenue
$317M
Enterprise Value Sales
8.88x
Enterprise Value EBITDAOperating
13.63x
TEVNet Income
-5,268.04x
Debt TEV
0.42x
Three Year Compounded Annual Growth Rate Of Revenue
-2.54%
Five Year Compounded Annual Growth Rate Of Revenue
4.87%
Non-Profit Donations & Grants
Suppliers
VersaPay Corp. Holding Companies | Toronto, Canada

VersaPay Corp. engages in the development of innovative cloud-based solutions. Its products include presentment, collaboration, collections, payments, cash application, insights, security, integration, and editions. It also offers solutions comprises distribution, manufacturing, business services, real estate, mass media and transportation or logistics industries. The company was founded by Michael Gokturk and Kevin Short in 2006 and is headquartered in Toronto, Canada.

Competitors
Federal Realty Investment Trust Trusts & Funds - Rockville, MD

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country’s best markets. Built upon foundations of opportunity, we take a disciplined approach to every aspect of commercial retail real estate. Whether it's redevelopment, property management, or acquisitions, we make sound, strategic decisions based on solid demographics, broad experience, and stable resources. This has led to a high quality portfolio of assets. We turn commercial real estate into exciting destination retail centers that suit their exceptional locations.

Weingarten Realty Investors Trusts & Funds - Houston, TX

Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers. The vast majority of our shopping centers are anchored by either a supermarket or a national value-oriented retailer. These anchors combined with convenient locations, attractive and well-maintained properties and a strong tenant mix help to ensure the long-term success of our merchants and the viability of our portfolio. Our footprint encompasses major metropolitan markets in the United States from coast to coast. We concentrate our growth in the areas we currently serve, allowing us to effectively lease and manage our assets through our regional offices. We also stay abreast of changing demographics so that we continue to lease to retailers offering the products and services desired in each community and we keep our properties looking fresh from decade to decade. Weingarten has earned the reputation as one of the premier REITs in the nation.

Kimco Realty Corp. Real Estate - New Hyde Park, NY

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest portfolio of neighborhood and community shopping centers. As of September 30, 2012, the company owned interests in 922 shopping centers comprising 135 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

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