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Kite Realty Gr Trust

Kite Realty Group Trust specializes in owning, operating, acquiring, developing, and redeveloping high-quality open-air shopping centers and mixed-use assets. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.

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2 Top Retail REITs With Yields Of 4% Or More To Buy in June

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Realty Income (NYSE: O) has announced an increase in its 2024 earnings and investment guidance. The retail REIT now projects its 2024 adjusted funds from operations (AFFO) in the range of $4.15-$4.21 per share compared with the prior guidance range of $4.13-$4.21 per share.


Realty Income Lifts &#39;24 Investment Guidance, Raises AFFO View

Simon Property Group (NYSE: SPG) recently announced a reinvestment to incorporate luxury living at San Diego&#39;s top shopping destination, Fashion Valley.

Simon Property Announces a Revamp of Fashion Valley

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Home prices defied high mortgage costs and surpassed expectations with a 1.2% month-over-month growth, the largest increase since Apr 2022.

US Home Prices Rocket In February For Strongest One-Month Increase In 2 Years: Real Estate Stocks React

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These Top REITs Have Yields Over 4.5% and Track Records of Dividend Growth

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The New Retail Revolution: Capturing Growth in the Post-Digital Marketplace

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2 Retail REITs Yielding Over 4% to Buy in 2024

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These 3 REITs Just Jumped Higher On Earnings Beats

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REIT Downgrades Cast Gloomy Note As September Begins

3 REITs That Beat Estimates Handily

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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.

Kite Realty Group Trust

Kite Realty Group Trust Upgraded by S&P To BBB With Stable Outlook

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields up to 4.5% that you could buy today.
<h2 class="wp-block-heading">Kite Realty Group Trust</h2>
Kite Realty Group Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) owns or has ownership interests in a portfolio of <a href="https://s25.q4cdn.com/292140124/files/doc_financials/2024/q1/KRG-Investor-Update-1Q-2024.pdf">180</a> open-air shopping centers and mixed-use assets containing approximately 28 million square feet. Its portfolio is situated across major markets in the Sun Belt region, including Atlanta, Charlotte, Dallas, Houston, Las Vegas, Miami, Orlando, Phoenix, and San Antonio.
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</ul>
Kite Realty currently pays a quarterly dividend of $0.25 per share, equating to an annualized dividend of $1.00 per share and giving its stock a yield of about 4.5% at the time of this writing. 
Kite Realty is also an up-and-coming dividend-growth star. It has raised its annual dividend payment each of the last three years, and its 4.2% hike in October has it on track for 2024 to mark the fourth consecutive year with an increase.
Trending: Boomers and Gen Z agree they need a salary of around $125,000 a year to be happy, <a href="https://www.benzinga.com/money/genz-salary-adv">but millennials say they need how much?</a>
<h2 class="wp-block-heading">Tanger Inc.</h2>
Tanger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>) owns and operates a portfolio of 38 outlet centers and one open-air lifestyle center consisting of over 15 million square feet across tourist destinations and other high-traffic markets in 20 U.S. states and Canada. Its outlet centers have over 3,000 stores operated by more than 700 brand name companies, including Nike, Ulta, Lululemon, Dick's, Disney, and Crocs.
Tanger currently pays a quarterly dividend of $0.275 per share, equating to an annualized dividend of $1.10 per share, which gives its stock a yield of about 4% at the time of this writing. 
In addition to being a high yielder, Tanger is an up-and-coming dividend-growth star. It has raised its annual dividend for two consecutive years, and its two hikes in the last eight months has it on pace for 2024 to mark the third consecutive year with an increase.
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<li>Private credit offers up to <a href="https://www.benzinga.com/money/percent">20% APY to potential accredited investor</a>s looking to capitalize on this growing asset class.</li>
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</ul>
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Offerings

Kite Realty Group Trust Files For Offering Of Up To 9.9M Common Shares

Realty Income (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/o#NYSE">O</a>) has announced an increase in its 2024 earnings and investment guidance. The retail REIT now projects its 2024 adjusted funds from operations (AFFO) in the range of $4.15-$4.21 per share compared with the prior guidance range of $4.13-$4.21 per share. 
Realty Income also expects its 2024 investment volume to reach $3 billion, up from $2 billion guided earlier. Per management, these raises reflect the company&#39;s confidence in its business outlook as it nears the midpoint of the year. 
Specifically, management noted that these increases stem from an improving investment environment, mainly in Europe. Also, management pointed out the company&#39;s stable operating performance in its high-quality, diversified global real estate portfolio. 
Realty Income&#39;s accretive buyouts, backed by a healthy balance sheet, bode well for long-term growth. The solid property acquisitions volume at decent investment spreads has aided the company&#39;s performance so far. Further, it has a healthy operating platform. 
Realty Income&#39;s first-quarter 2024 AFFO per share of $1.03 was in line with the Zacks Consensus Estimate. The reported figure also compared favorably with the prior-year quarter&#39;s 93 cents per share. 
Results display better-than-anticipated top-line growth. The company benefited from expansionary effects and a healthy pipeline of opportunities globally. 
Total revenues were $1.26 billion, which outpaced the Zacks Consensus Estimate of $1.19 billion. The top line rose 33.5% year over year. 
Realty Income&#39;s portfolio comprises a significant portion of top industries selling essential goods and services. It enjoys a well-diversified tenant base and derives the majority of its annualized contractual rents from tenants with a service, non-discretionary and/or a low-price-point component to their business, assuring stable revenue generation. However, a high interest rate environment raises concerns. 
Shares of this Zacks Rank #3 (Hold) company have risen 4.2% in the past three months against the industry&#39;s decline of 5.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a2/68202.jpg?v=1621203197" /> 
Image Source: Zacks Investment Research
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the retail REIT sector are Kite Realty Group Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/krg#NYSE">KRG</a>) and Acadia Realty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/akr#NYSE">AKR</a>), each currently carrying a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for KRG&#39;s 2024 funds from operations (FFO) per share has been revised a cent northward over the past month to $2.05. 
The consensus estimate for AKR&#39;s current-year FFO per share has been revised a cent upward over the past two months to $1.28. 
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2283870/realty-income-o-lifts-24-investment-guidance-raises-affo-view?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2283870">To read this article on Zacks.com click here.</a>

Realty Income Lifts '24 Investment Guidance, Raises AFFO View

Wells Fargo analyst Dori Kesten maintains Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) with a Underweight and raises the price target from $22 to $23.

Price Target

Wells Fargo Maintains Underweight on Kite Realty Gr Trust, Raises Price Target to $23

Simon Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) recently announced a reinvestment to incorporate luxury living at San Diego&#39;s top shopping destination, Fashion Valley.
The move aims to boost foot traffic and sales and attract top-tier tenants, fortifying its place in the retail real estate market and ensuring long-term value creation.
Fashion Valley, as part of a mixed-use redevelopment project, will soon feature 850 multi-family luxury residences with the help of apartment developer AMLI Residential. The project will also include 100,000 square feet of new retail and dining experiences to complement fresh and lush open green spaces and ample parking for residents and guests.
Per Mark Silvestri, president of Development at Simon Property, &quot;Simon is leading the evolution of today&#39;s retail landscape with the strategic transformation of key properties across the country. We&#39;re excited about this next phase of Fashion Valley as we continue to reinvest and add a walkable, livable lifestyle community that is intertwined with handpicked luxury brands that can only be found here. This redevelopment marks a new era of sophistication and convenient living in San Diego.&quot;
This retail and residential revitalization project is expected to commence promptly after the scheduled closure of JCPenney by the end of 2025, with an estimated completion date in late 2026.
Fashion Valley has recently undergone a multimillion-dollar revitalization, enhancing the shopping experience with a fresh new appearance and the introduction of exclusive luxury brands such as Dior, Bottega Veneta, David Yurman, and Dolce &amp; Gabbana. Additionally, it has been revealed that three more luxury brands will be added to the lineup, including Celine in the second quarter of 2024, Christian Louboutin, and Fendi in 2025.
Last week, Simon Property announced reinvestment plans for Houston&#39;s iconic The Galleria, underscoring its strategy to enhance its property portfolio. Upgrades will commence this summer and are slated for completion by early 2025.
In April 2024, the company also announced enhancements to its Woodbury Common Premium Outlets shopping center as part of a broader redevelopment initiative.
Simon Property has been restructuring its portfolio, aiming at premium acquisitions and transformative redevelopments. In fact, over the past years, the company has been investing billions to transform its properties, focusing on creating value and driving footfall.
Solid retail-real-estate demand for premium properties is likely to drive healthy demand for its properties, aiding leasing activity, occupancy levels and rent growth. Focus on supporting omnichannel retailing and developing mixed-use assets are encouraging. A healthy balance sheet will likely aid growth endeavors. However, growing e-commerce adoption and high interest rates remain concerns.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have declined 3.4%, narrower than the industry&#39;s decline of 5.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ea/67183.jpg?v=1800421213" /> 
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Kite Realty Group Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/krg#NYSE">KRG</a>) and Acadia Realty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/akr#NYSE">AKR</a>), each carrying a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for KRG&#39;s 2024 funds from operations (FFO) per share has been revised a cent northward over the past week to $2.05.
The Zacks Consensus Estimate for AKR&#39;s current-year FFO per share has been revised a cent upward over the past month to $1.28.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2276853/simon-property-spg-announces-a-revamp-of-fashion-valley?cid=CS-BENZ-FT-analyst_blog|company_news_-_finance_sector-2276853">To read this article on Zacks.com click here.</a>

2024 Earnings Guidance The Company expects to generate net income attributable to common shareholders of $0.30 to $0.36 per diluted share in 2024. The Company is raising its 2024 NAREIT FFO guidance range to $2.02 to $2.08 per diluted share from $2.00 to $2.06 per diluted share, based, in part, on the following assumptions:
<ul>
<li>2024 Same Property NOI range of 1.5% to 2.5%, which represents a 50-basis point increase at the midpoint.</li>
<li>Full-year bad debt assumption of 0.55% to 1.05% of total revenues, which represents a 20-basis point decrease at the midpoint.</li>
</ul>
The following table reconciles the Company's 2024 net income guidance range to the Company's 2024 NAREIT FFO guidance range:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Low</td>
<td>High</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net income</td>
<td>$0.30</td>
<td>$0.36</td>
</tr>
<tr>
<td>Depreciation and amortization</td>
<td>1.73</td>
<td>1.73</td>
</tr>
<tr>
<td>Realized gains and losses on sales of operating and unconsolidated properties, net</td>
<td>(0.01)</td>
<td>(0.01)</td>
</tr>
<tr>
<td>NAREIT FFO</td>
<td>$2.02</td>
<td>$2.08</td>
</tr>
</tbody>
</table>
</figure>

Guidance

Kite Realty Group Trust Sees FY24 Net Income $0.30-$0.36; Updates Nareit FFO From $2.00-$2.06 To $2.02-$2.08

Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) reported quarterly earnings of $0.50 per share which met the analyst consensus estimate. This is a 1.96 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $207.44 million which missed the analyst consensus estimate of $207.86 million by 0.20 percent. This is a 0.33 percent increase over sales of $206.75 million the same period last year.

Earnings Misses

Kite Realty Gr Trust Q1 FFO $0.50, Inline, Sales $207.44M Miss $207.86M Estimate

U.S. residential home prices <a href="https://www.benzinga.com/money/best-reits">accelerated in February</a>.
Prices defied the gravitational pull of high mortgage costs and surpassed analysts&#8217; expectations as reduced supply and robust economic momentum continued to drive up property valuations.
U.S. house prices saw a 1.2% month-over-month growth in February 2024, the largest increase in a single month since April 2022, significantly outpacing expectations of a 0.1% growth, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30120316/image-255-1024x495.png" alt="" class="wp-image-315865" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30120316/image-255-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30120316/image-255-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30120316/image-255-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30120316/image-255-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/30120316/image-255.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Home Prices &#8216;Rebounded&#8217;</h3>
Across the nine census divisions, the seasonally adjusted monthly price changes from January 2024 to February 2024 ranged from a 0.4% growth in the West South Central division to a 3.0% growth in the New England division.
For the broader country, single-family house prices increased by 7% from February 2023 to February 2024, marking the highest one-year increase since November 2022. All census divisions reported positive 12-month changes, ranging from 3.7% in the West South Central division to 10.8% in the Middle Atlantic division.
Dr. Anju Vajja, deputy director for FHFA's division of research and statistics, noted, "U.S. house prices rebounded with an increase in February, after declining slightly in January.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Region</td>
<td>FHFA HPI (MoM Chg) </td>
<td>FHFA HPI (YoY Chg)</td>
</tr>
<tr>
<td>U.S.</td>
<td>1.2%</td>
<td>7.0%</td>
</tr>
<tr>
<td>Pacific</td>
<td>1.3%</td>
<td>6.6%</td>
</tr>
<tr>
<td>Mountain</td>
<td>0.4%</td>
<td>4.4%</td>
</tr>
<tr>
<td>West North Central</td>
<td>1.1%</td>
<td>7.3%</td>
</tr>
<tr>
<td>West South Central</td>
<td>0.4%</td>
<td>3.7%</td>
</tr>
<tr>
<td>East North Central</td>
<td>0.9%</td>
<td>8.9%</td>
</tr>
<tr>
<td>East South Central</td>
<td>1.2%</td>
<td>4.9%</td>
</tr>
<tr>
<td>New England</td>
<td>3.0%</td>
<td>10.5%</td>
</tr>
<tr>
<td>Middle Atlantic</td>
<td>2.6%</td>
<td>10.8%</td>
</tr>
<tr>
<td>South Atlantic</td>
<td>1.4%</td>
<td>7.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: FHFA</figcaption></figure>
Separately, S&amp;P Global released a report Tuesday, tracking the 20-city home price index. It revealed a similar trend nationwide: 
<ul>
<li>Prices up 7.3% year-on-year, the highest since October 2022 and surpassing expectations of a 6.7% increase.</li>
<li>San Diego (11.4%), Chicago (8.9%), and Detroit (8.9%) saw the largest one-year price increases.</li>
<li>19 of the 20 markets saw month-on-month increases; San Diego (1.7%), San Francisco (1.7%), and Portland (1.2%) recorded the sharpest rises</li>
<li>The Tampa housing market was the only one to experience a decrease.</li>
</ul>
<h3 class="wp-block-heading">All-Time Highs</h3>
Brian D. Luke, head of commodities, real and digital assets at S&amp;P Dow Jones Indices, remarked, "Following last year's decline, U.S. home prices are at or near all-time highs. Our National Composite rose by 6.4% in February, the fastest annual rate since November 2022. Our 10- and 20-City Composite indices are currently at all-time highs. "
He added, "San Diego has been the best-performing market following the trough in home prices observed in early 2023. With Los Angeles rising for 13 consecutive months to record another new high, Southern California has outperformed its surrounding neighbors."
Market Reactions: Real estate stocks, as tracked by the Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>), inched 0.8% lower on Tuesday, weighed down by a broader negative sentiment on Wall Street as traders took a more cautious stance ahead of Wednesday&#8217;s Federal Open Market Committee (FOMC) meeting. 
NexPoint Residential Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXRT#NYSE">NXRT</a>), Redfin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NYSE">RDFN</a>), LTC Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>), Kite Realty Group Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) and Brixmor Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) recorded the daily largest gains, ranging from 1.7% to 3.5%. 
Conversely, SBA Communications Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBAC#NYSE">SBAC</a>), The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>), Sun Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUI#NYSE">SUI</a>), Orion Office REIT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONL#NYSE">ONL</a>) and Opendoor Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NYSE">OPEN</a>) posted the widest daily losses ranging from 6.2% to 3.3%. 
Now Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38485545/top-3-real-estate-stocks-that-are-set-to-fly-in-april">Top 3 Real Estate Stocks That Are Set To Fly In April</a>

Jefferies analyst Linda Tsai upgrades Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) from Hold to Buy and maintains the price target from $23 to $23.

Upgrades

Jefferies Upgrades Kite Realty Gr Trust to Buy, Maintains Price Target to $23

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields over 4.5% that you could buy today.
<h2 class="wp-block-heading">NexPoint Residential Trust, Inc.</h2>
NexPoint Residential Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXRT#NYSE">NXRT</a>) owns and manages a portfolio of 39 multifamily properties consisting of 14,485 units across 11 markets in the Southern U.S., including Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Orlando, Phoenix, Raleigh, and Tampa.
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NexPoint currently pays a quarterly dividend of $0.46242 per share, equating to an annualized dividend of about $1.85 per share and giving its stock a yield of about 5.9% at the time of this writing.&nbsp;
In addition to being a high yielder, NexPoint is a dividend-growth machine. It has raised its annual dividend payment each of the last eight years, and its 10.1% in October has it on pace for 2024 to mark the ninth consecutive year with an increase.
<h2 class="wp-block-heading">Trending</h2>
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<h2 class="wp-block-heading">Kite Realty Group Trust</h2>
Kite Realty Group Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) owns or has ownership interests in a portfolio of 180 open-air shopping centers and mixed-use assets containing approximately 28.1 million square feet. Its portfolio is situated across major markets in the Sun Belt region, including Atlanta, Charlotte, Dallas, Houston, Las Vegas, Miami, Orlando, Phoenix, and San Antonio.
Kite Realty currently pays a quarterly dividend of $0.25 per share, equating to an annualized dividend of $1.00 per share and giving its stock a yield of about 4.7% at the time of this writing.&nbsp;
Kite Realty is also an up-and-coming dividend-growth star. It has raised its annual dividend payment each of the last three years, and its 4.2% hike in October has it on track for 2024 to mark the fourth consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
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<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/go/marcus-millichap-backed-platform">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/go/dara-backed-startup">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock

Jefferies analyst Linda Tsai maintains Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) with a Hold and lowers the price target from $24 to $23.

Jefferies Maintains Hold on Kite Realty Gr Trust, Lowers Price Target to $23

Federal Realty Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>), offering a dividend of 4%, and Kite Realty Group Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>), with a dividend of 5%, present unique investment opportunities in the real estate sector, focusing on retail and mixed-use properties. This focus is particularly relevant in today&#8217;s market, which is capitalizing on the resurgence of brick-and-mortar retail and the integration of community-centric mixed-use developments. As consumer habits evolve towards a blend of in-person and online shopping experiences, FRT and KRG are strategically positioned to benefit from these shifts, offering investors consistent, growth-oriented returns.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
A notable aspect of investing in FRT and KRG is their connection to premier retail brands and businesses, which, similar to Prologis, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) relationship with Amazon.com, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), provides indirect exposure to the retail sector&#8217;s growth. FRT, known for its high-quality shopping centers in major metropolitan markets, and KRG, with its portfolio of neighborhood and community shopping centers, house tenants ranging from essential services to luxury retailers. This tenant diversity makes investments in FRT and KRG an indirect way to tap into the retail sector&#8217;s recovery and growth, adding an intriguing dimension to their investment appeal.
Investors often encounter a trade-off between growth and income, where high-growth investments seldom yield regular income and high-dividend stocks may lack significant growth opportunities. However, FRT and KRG defy this norm. By focusing on strategically located retail and mixed-use properties that cater to evolving consumer preferences, they are well-placed in a sector showing signs of robust growth. Additionally, as REITs, FRT and KRG are required to distribute the majority of their taxable income to shareholders in the form of dividends, offering a desirable income stream.
FRT and KRG manage a diverse portfolio of properties situated in key urban and suburban locations. This broad geographical footprint is crucial in mitigating risks associated with regional economic fluctuations. Their properties, which serve as essential community hubs and shopping destinations, ensure a strong and varied tenant base. The growing demand for mixed-use spaces that combine retail, residential, and office components underscores the long-term demand for FRT&#8217;s and KRG&#8217;s properties.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image credit: Shutterstock

2024 Earnings Guidance The Company expects to generate net income attributable to common shareholders of $0.29 to $0.35 per diluted share in 2024 and NAREIT FFO of $2.00 to $2.06 per diluted share, based, in part, on the following assumptions:
<ul>
<li>2024 Same Property NOI range of 1.0% to 2.0%.</li>
<li>Full-year bad debt assumption of 0.75% to 1.25% of total revenues.</li>
</ul>
The following table reconciles the Company's 2024 net income guidance range to the Company's 2024 NAREIT FFO guidance range:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="2">Low</td>
<td>High</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Net income</td>
<td>$</td>
<td>0.29</td>
<td>$</td>
<td>0.35</td>
</tr>
<tr>
<td>Depreciation and amortization</td>
<td>&nbsp;&nbsp; 1.71</td>
<td>&nbsp;&nbsp; 1.71</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>NAREIT FFO</td>
<td>$</td>
<td>2.00</td>
<td>$</td>
<td>2.06</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Kite Realty Group Trust Sees FY24 EPS $0.29-$.35; NAREIT FFO $2.00-$2.06

Kite Realty Gr Trust Q4 AFFO $0.50, Same YoY, Sales $200.28M Miss $206.00M Estimate

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Earnings Scheduled For February 13, 2024

Retail real estate investment trusts (REITs) own, operate, or finance income-generating retail properties, including shopping centers, malls, strip malls, and other retail spaces, and generate revenue by leasing space to retail businesses.&nbsp;
As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.
If you're interested in buying a retail REIT with a high yield, here are two you should consider today.
<h2 class="wp-block-heading">Federal Realty Investment Trust</h2>
Federal Realty Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) owns and manages a portfolio of mixed-use properties and open and shopping centers in top suburban markets, including Boston, Chicago, Miami, New York City, Philadelphia, Phoenix, Silicon Valley, and Washington, D.C.
Federal Realty currently pays a quarterly dividend of $1.09 per share, equating to an annualized dividend of $4.36 per share and giving its stock a yield of about 4.3% at the time of this writing. Federal Realty has also increased its quarterly dividend for 56 consecutive years, the longest record in the REIT industry, according to the company.
Its track record of dividend growth and high yield make Federal Realty one of the most attractive dividend stocks in the stock market today.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.</a></li>
</ul>
<h2 class="wp-block-heading">Kite Realty Group Trust</h2>
Kite Realty Group Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) owns or has ownership interests in 180 open-air shopping centers and mixed-use assets containing approximately 28 million square feet of gross leasable space. Its portfolio is predominantly situated across major markets in the Sun Belt region, including Atlanta, Charlotte, Dallas, Houston, Las Vegas, Miami, Orlando, Phoenix, and San Antonio.
Kite currently pays a quarterly dividend of $0.25 per share, equating to an annualized dividend of $1.00 per share and giving its stock a yield of about 4.7% at the time of this writing. The company has also raised its annual dividend payment each of the last three years, and its hike in October 2023 has it on pace for 2024 to mark the fourth consecutive year with an increase.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that, <a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate">allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image Credit: Shutterstock<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"></a>

Piper Sandler analyst Alexander Goldfarb maintains Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) with a Overweight and raises the price target from $28 to $30.

Piper Sandler Maintains Overweight on Kite Realty Gr Trust, Raises Price Target to $30

Revealing a significant insider sell on December 5, John A Kite, Chairman &amp; CEO at Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>), as per the latest SEC filing.
What Happened: Kite's decision to sell 60,000 shares of Kite Realty Gr Trust was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001286043/000128604323000134//Archives/edgar/data/1286043/000128604323000134/0001286043-23-000134-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total value of the sale is $1,314,600.
Kite Realty Gr Trust's shares are actively trading at $22.48, experiencing a down of 0.0% during Wednesday's morning session.
<h3>Delving into Kite Realty Gr Trust's Background</h3>
Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.
<h3>Understanding the Numbers: Kite Realty Gr Trust's Finances</h3>
Revenue Growth: Kite Realty Gr Trust's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 3.45%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a low gross margin of 73.89%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Kite Realty Gr Trust's EPS reflects a decline, falling below the industry average with a current EPS of 0.01.
</li>
</ul>
Debt Management: Kite Realty Gr Trust's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.81.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 132.24 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 5.97 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 13.38 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001286043">Check Out The Full List Of Kite Realty Gr Trust's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Chairman & CEO Of Kite Realty Gr Trust Sold $1.31M In Stock

Wells Fargo analyst Dori Kesten maintains Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) with a Underweight and lowers the price target from $23 to $21.

Wells Fargo Maintains Underweight on Kite Realty Gr Trust, Lowers Price Target to $21

In a report released today, Dori Kesten from Wells Fargo maintained a Sell rating on Kite Realty Group (KRG – Research Report), with a price target...

Wells Fargo Sticks to Its Sell Rating for Kite Realty Group (KRG)

The Shopping Center Golden Age Has Longevity

Kite Realty Group: Prime Point Of Entry To Profit From Potential Multiple Expansion


Daniel GoldmanHouse (D-NY)	$15K - $50K	stock	Sale	Aug 13, 2023	Jul 12, 2023	House
Chris JacobsHouse (R-NY)	$1K - $15K	stock	Sale	Sep 09, 2022	Jul 18, 2022	House
Chris JacobsHouse (R-NY)	$15K - $50K	stock	Purchase	Jul 28, 2022	Jun 21, 2022	House

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Kite Realty Group Trust

top performing KRG trades