Kite Realty Group Trust Reports Third Quarter EPS of $.11

Kite Realty Group Trust KRG today announced results for its third quarter ended September 30, 2010. Financial statements and exhibits attached to this release include results for the three and nine months ended September 30, 2010 and 2009. For the three months ended September 30, 2010, funds from operations, a widely accepted supplemental measure of REIT performance established by the National Association of Real Estate Investment Trusts, was $7.8 million for the Operating Partnership, or $0.11 per diluted share, compared to $2.8 million, or $0.04 per diluted share in the same period of the prior year. The majority of the change between years in FFO and FFO per share is attributable to a non-cash impairment charge in 2009 of $5.4 million, or $0.08 per share. FFO allocable to the Company for the third quarter of 2010 was $6.9 million compared to $2.5 million for the same period of the prior year.