KRG

Kite Realty Group Trust to Report First Quarter 2024 Financial Results on April 30, 2024

Retrieved on: 
Wednesday, March 20, 2024
KRG

INDIANAPOLIS, March 20, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending March 31, 2024, after the market closes on Tuesday, April 30, 2024.

Key Points: 
  • INDIANAPOLIS, March 20, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending March 31, 2024, after the market closes on Tuesday, April 30, 2024.
  • KRG will conduct a conference call to discuss its financial results on Wednesday, May 1, 2024 at 1:00 p.m. Eastern Time.

Fitch Upgrades Kite Realty Group Trust’s Rating Outlook to ‘Positive’ from ‘Stable’

Retrieved on: 
Wednesday, March 13, 2024
KRG, Fitch Ratings, Fitch, ABR

INDIANAPOLIS, March 13, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that Fitch Ratings (“Fitch”) revised its rating outlook for KRG to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘BBB’ Issuer Default Rating.

Key Points: 
  • INDIANAPOLIS, March 13, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that Fitch Ratings (“Fitch”) revised its rating outlook for KRG to ‘Positive’ from ‘Stable’ and affirmed the Company’s ratings, including the ‘BBB’ Issuer Default Rating.
  • In its public announcement on the matter, Fitch noted the revision reflects significantly improved leverage and acknowledged KRG’s diversified portfolio “affords KRG the opportunity to take advantage of favorable demographic trends in Texas and Florida (37% of ABR), while also benefitting from the strong asset liquidity and leveragability of select strategic gateway markets such as New York City, Washington, D.C., and Seattle” and noted “if the Company is able to maintain this path, there could be positive rating momentum over the next 12 to 24 months.”

Kite Realty Group Trust to Present at the Citi 2024 Global Property CEO Conference

Retrieved on: 
Thursday, February 29, 2024
Citigroup, KRG, Conference

INDIANAPOLIS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will present at the Citi 2024 Global Property CEO Conference on Monday, March 4, 2024. The presentation information is as follows:

Key Points: 

INDIANAPOLIS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will present at the Citi 2024 Global Property CEO Conference on Monday, March 4, 2024. The presentation information is as follows:

Kite Realty Group Trust Upgraded by Moody’s to Baa2 with Stable Outlook

Retrieved on: 
Monday, February 26, 2024
KRG, Sound

INDIANAPOLIS, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that Moody’s Investors Service (“Moody’s”) upgraded the Company’s corporate credit rating to Baa2 from Baa3 and maintained a stable rating outlook.

Key Points: 
  • INDIANAPOLIS, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that Moody’s Investors Service (“Moody’s”) upgraded the Company’s corporate credit rating to Baa2 from Baa3 and maintained a stable rating outlook.
  • In its public announcement on the matter, Moody’s cited “Kite Realty’s Baa2 ratings reflect its diversified portfolio of open-air retail properties, resilient operating cash flows from its grocery-anchored centers, moderate leverage metrics, strong fixed charge coverage, and sound liquidity” and noted “the REIT’s capital strategy is prudent with modest total leverage, low secured leverage, and a strong coverage ratio.”

Kite Realty Group Trust Reports Fourth Quarter and Full Year 2023 Operating Results and Provides 2024 Guidance

Retrieved on: 
Tuesday, February 13, 2024
Acquisition, KRG, Whole Foods Market, NOI, Adjustment, ABR, NAREIT, Trustee, Total Wine & More, Security (finance)

INDIANAPOLIS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • INDIANAPOLIS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the fourth quarter and year ended December 31, 2023.
  • “Our dedicated team enables us to consistently deliver outstanding results and long-term value to all stakeholders.
  • The first quarter dividend will be paid on or about April 12, 2024, to shareholders of record as of April 5, 2024.
  • The following table reconciles the Company’s 2024 net income guidance range to the Company’s 2024 NAREIT FFO guidance range:

Operational & Corporate Update

Retrieved on: 
Monday, February 5, 2024
KRG, Kurdistan Region, Government, G&A, GKP, Environment, Safety, Economics, GOI, Big, Gulf Keystone Petroleum

Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), today provides an operational and corporate update.

Key Points: 
  • Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq (“Kurdistan”), today provides an operational and corporate update.
  • The information contained in this announcement has not been audited and may be subject to further review.
  • By adapting to the new environment and commencing sales to the local market we have been able to protect our business and balance sheet.
  • We continue to engage with government stakeholders to push for the restart of exports and payment surety for past and future sales.

Genel Energy PLC: Trading and operations update

Retrieved on: 
Tuesday, January 30, 2024
KRG, Total, Miran, Interest, Federal, Award, Organization, ITP, PSC, Hearing, Petroleum industry, Cryptocurrency

Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in advance of the Company's full-year 2023 results, which are scheduled for release on 26 March 2024.

Key Points: 
  • Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in advance of the Company's full-year 2023 results, which are scheduled for release on 26 March 2024.
  • The information contained herein has not been audited and may be subject to further review.
  • We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales.
  • Genel’s claim is that the KRG’s termination of the PSCs was repudiatory and, as a consequence, is claiming substantial damages.

Kite Realty Group Trust Announces Pricing of $350 Million Senior Notes Offering

Retrieved on: 
Friday, January 12, 2024
Fifth Avenue, Debt-to-GDP ratio, KRG, Madison Avenue, Partnership, U.S. Bancorp, Prospectus, BofA Securities, KeyBank, Sale, Scotiabank, Suite, Goldman Sachs, Citigroup, Wells Fargo, ATTN:, Telephone, TD Securities, Security (finance), Note

INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.

Key Points: 
  • INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.
  • The Notes will be issued at 98.670% of par value with a yield to maturity of 5.673%.
  • Interest on the Notes is payable semi-annually on March 1 and September 1 of each year, beginning on September 1, 2024.
  • Regions Securities LLC, TD Securities and US Bancorp served as senior co-managers for the offering.

Kite Realty Group Trust to Report Fourth Quarter 2023 Financial Results on February 13, 2024

Retrieved on: 
Thursday, January 11, 2024
KRG

INDIANAPOLIS, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending December 31, 2023, after the market closes on Tuesday, February 13, 2024.

Key Points: 
  • INDIANAPOLIS, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending December 31, 2023, after the market closes on Tuesday, February 13, 2024.
  • KRG will conduct a conference call to discuss its financial results on Wednesday, February 14, 2024 at 1:00 p.m. Eastern Time.

Genel Energy PLC: Trading and operations update

Retrieved on: 
Monday, December 25, 2023
KRG, Genel Energy, Federal government of Iraq, Federal, Malik ibn Tawk, Petroleum industry, Miran, Language, PSC, Ministry, Oil, Bank, Sarta

Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023.

Key Points: 
  • Genel Energy plc ('Genel' or 'the Company') issues the following trading and operations update in respect of the third quarter and first nine months of 2023.
  • “Despite encouraging comments from senior politicians, the Iraq-Türkiye pipeline remains shut.
  • Good progress has been made in achieving consistency of domestic sales volumes, although pricing continues to be weak.
  • We remain confident that the pipeline exports will resume, and provide access again to international pricing.