Kite Realty Group Trust is a real estate investment trust (REIT) that primarily focuses on owning and operating retail and mixed-use properties across the United States
The company aims to create vibrant shopping environments and community spaces by acquiring and managing high-quality retail centers, often situated in densely populated areas. Kite Realty engages in leasing spaces to a diverse range of tenants, including national and regional retailers, and is committed to enhancing property value through strategic renovations and development initiatives, thereby fostering engaging customer experiences and driving tenant success.
In 2022, a considerable amount was written in the financial media about how inflation, Federal Reserve rate hikes and a possible recession could negatively impact real estate investment trusts (REITs). Subsequently, 2022 was a year in which many REITs suffered huge losses in share values.
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