Kite Realty Group Trust · NYSE:KRG

Kite Realty Group Trust — Investor Presentation (May 2016)

14 slides from Kite Realty Group Trust's investor presentation, May 23, 2016

  1. Slide 1: Investor Update May 2016

    INVESTOR UPDATE May 2016 Chapel Hill (Dallas, TX) Livingston Center (Livingston, NJ)

  2. Slide 2: Company Snapshot

    © 2016 Kite Realty Group kiterealty.com Investor Update | 2 COMPANY SNAPSHOT KITE REALTY GROUP TRUST Note: All data as of 03/31/2016 unless otherwise noted. 1. Source: Bloomberg, as of 05/12/16. Dividend yield calculated as “Indicated Yield” per Bloomberg definition. 2. Demographic data for income p

  3. Slide 3: Kite's 3-Year Core Roadmap to Unlock Value

    © 2016 Kite Realty Group kiterealty.com Investor Update | 3 KITE’S 3-YEAR CORE ROADMAP TO UNLOCK VALUE FFO, as Adjusted AFFO Net Debt + Preferred / EBITDA Floating Rate Debt Shops Leased Dividend 2017 2018YE Goal 2015YE 2016 $1.99 6.98x 12% 87.6% $1.79 12% – 16% Growth 15% – 20% Growth ~5% Dividend

  4. Slide 4: Nearly 80% of ABR from Top 75 MSAs

    © 2015 Kite Realty Group kiterealty.com Investor Update | 4 NEARLY 80% OF ABR FROM TOP 75 MSAs Regional Approach Proves Impactful As Majority Of Portfolio Income From Top Markets Source: Top 75 MSAs based on population counts from the U.S. Census.

  5. Slide 5: Portfolio of High-Quality, Diverse Assets

    Investor Update| 5 Fort Worth, TX Total Center SF 193,052 ABR per SF $23.75 % Leased 92.5% PORTFOLIO OF HIGH-QUALITY, DIVERSE ASSETS DELRAY MARKETPLACE CHAPEL HILL RIVERS EDGE CITY CENTER Delray, FL Total Center SF 260,092 ABR per SF $24.93 % Leased 95.1% Indianapolis, IN Total Center SF 149,209 ABR

  6. Slide 6: Asset Quality Supported by Top Sub-Markets

    © 2016 Kite Realty Group kiterealty.com Investor Update | 6 ASSET QUALITY SUPPORTED BY TOP SUB-MARKETS ASSETS ACROSS THE TOP 5 MARKETS SUPERIORLY POSITIONED $46K $48K $54K $50K $47K $54K $68K $66K $61K $66K Florida Indiana Texas Nevada North Carolina State Median KRG Portfolio Median Household Incom

  7. Slide 7: Top Tier Operating Efficiency

    © 2016 Kite Realty Group kiterealty.com Investor Update | 7 TOP TIER OPERATING EFFICIENCY 4.6% 4.6% 5.4% 6.5% 6.8% 6.7% 7.4% 8.5% 8.5% 9.3% 10.1% FRT WRI KRG ROIC DDR BRX RPT KIM RPAI EQY REG G&A / Revenues (%) 75.7% 75.4% 73.8% 73.5% 73.2% 72.3% 70.9% 70.5% 70.4% 69.6% 68.5% ROIC BRX KRG EQY REG KI

  8. Slide 8: Operational Excellence

    © 2016 Kite Realty Group kiterealty.com Investor Update | 8 2010 2016 OPERATIONAL EXCELLENCE 2010 2016 ABR PSF $12.80 $15.24 ~19% 2010 2016 SMALL SHOP LEASED 78.1% 87.7% +960 bps RECOVERY RATIOS 72.9% 87.6% +1,470 bps 4.4% 4.9% 4.9% 4.7% 4.4% 4.7% 4.8% 4.4% 3.7% 3.1% 3.4% 3.4% Q2'13 Q3'13 Q4'13 Q1'1

  9. Slide 9: Culture & Passion: Tenant Focused

    © 2016 Kite Realty Group kiterealty.com Investor Update | 9 CULTURE & PASSION: TENANT FOCUSED Top Tenants By ABR # Stores % ABR 1 Publix 18 3.5% 2 TJ Maxx 22 2.5% 3 PetSmart 19 2.2% 4 Bed Bath & Beyond 18 2.1% 5 Ross Dress For Less 17 2.0% 6 Lowe’s 5 1.9% 7 Office Depot / Max 18 1.9% 8 Dick’s Sporti

  10. Slide 10: Resilient Balance Sheet; Further Enhanced Financial Flexibility

    © 2016 Kite Realty Group kiterealty.com Investor Update | 10 2013 Q116 RESILIENT BALANCE SHEET; FURTHER ENHANCED FINANCIAL FLEXIBILITY NET DEBT / EBITDA 2010 Q116 FLOATING RATE EXPOSURE 21% 16% +50 bps ANNUAL CASH FLOW ~$9mm ~$50-60mm > 6x in 3 years 2010 Q116 7.0x >2x lower 9.1x  Maintain investme

  11. Slide 11: Well-Staggered Debt Maturity Profile

    © 2016 Kite Realty Group kiterealty.com Investor Update | 11 2016 2017 2018 2019 2020 2021 2022 2023 2024+ $163 $17 $64 $68 $446 $172 $359 $310 $167 Secured Debt Unsecured Debt Revolver Construction Loan $100mm new unsecured term loan debt due 2022 will be funded in 2016 Existing 2016 secured debt t

  12. Slide 12: Overview of the 3-R's Redevelopment Pipeline

    © 2015 Kite Realty Group kiterealty.com Investor Update | 12 OVERVIEW OF THE 3-R’S REDEVELOPMENT PIPELINE: THE 3-R’S  Redevelop: substantial renovations; e.g. teardowns, remerchandising, exterior / interior improvements  Repurpose: substantial alterations including changing the product-type  Repo

  13. Slide 13: In-Process Development & Redevelopment

    © 2015 Kite Realty Group kiterealty.com Investor Update | 13 IN-PROCESS DEVELOPMENT & REDEVELOPMENT Parkside Town Commons – Phase II (Raleigh, NC) IN-PROCESS DEVELOPMENTS  In-process projects of $173.7mm  Over 95% funded  Over 90% pre-leased or committed  Generating ~$9mm in cash net operating i

  14. Slide 14: Forward-Looking Statements

    © 2016 Kite Realty Group kiterealty.com Investor Update | 14 FORWARD-LOOKING STATEMENTS This presentation, 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 Secti

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