DailyBubble News
DailyBubble News


The following discussion should be read in conjunction with the accompanying
historical financial statements and related notes thereto. In this discussion,
unless the context suggests otherwise, references to "our Company," "we," "us,"
and "our" mean Kite Realty Group Trust and its direct and indirect subsidiaries,
including Kite Realty Group, L.P.


This Quarterly Report on Form 10-Q, 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 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.

Currently, one significant factor that could cause actual outcomes to differ
significantly from our forward-looking statements is the adverse effect of the
current pandemic of the novel coronavirus ("COVID-19"), including possible
resurgences, variants and mutations, on the financial condition, results of
operations, cash flows and performance of the Company and its tenants, the real
estate market and the global economy and financial markets. Moreover, investors
are cautioned to interpret many of the risks identified under the section titled
"Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2021 as being heightened as a result of the ongoing and numerous
adverse effects of COVID-19.

Additional risks, uncertainties and other factors that might cause such
differences, some of which could be material, include but are not limited to:

•risks associated with the Company’s Merger (defined below) with Retail
Properties of America, Inc.
(“RPAI”), including the integration of the
businesses of the combined company, the ability to achieve expected synergies or
cost savings and potential disruptions to the Company’s plans and operations;

•national and local economic, business, 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 the potential effects of inflation and
increases in interest rates);

•financing risks, including the availability of, and costs associated with,
sources of liquidity;

•our ability to refinance, or extend the maturity dates of, our indebtedness;

•the level and volatility of interest rates;

•the financial stability of tenants;

•the competitive environment in which we operate, including potential
oversupplies 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;

•our ability to maintain our status as a real estate investment trust (“REIT”)
for U.S. federal income tax purposes;

•potential environmental and other liabilities;

•impairment in the value of real estate property we own;

•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 our properties in
Texas, Florida, New York, Maryland, and North Carolina;

•civil unrest, acts of 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 our properties or the ability of our tenants to operate,
and the costs of complying with such changed laws and…


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