Kite Realty Group Trust · NYSE:KRG
Kite Realty Group Trust — NAREIT - June 2009
11 slides from Kite Realty Group Trust's conference presentation, Jun 3, 2009
Slide 1: Kite Realty Group Trust NAREIT - June 2009
Exhibit 99.1 Kite Realty Group Trust NAREIT - June 2009
Slide 2: Company Strategy
COMPANY STRATEGY Geographically diverse asset base Property type more resilient in current economic environment Diverse, high credit quality and value-oriented tenants Young portfolio with strong demographics Experienced executive management team with considerable insider share ownership Emphasis on
Slide 3: Geographically Diverse
GEOGRAPHICALLY DIVERSE Information as of March 31, 2009 KRG is a full-service, vertically integrated firm with a geographically diversified portfolio of 55 operating properties and 9 properties under development or redevelopment with approximately 9.7 million square feet of total GLA Projected Total
Slide 4: Property Allocation
PROPERTY ALLOCATION Information as of March 31, 2009 Consumer Behavior Nationwide consumption levels have declined, but a portion of the consumer’s behavior is driven by necessity. Grocery-anchored centers and value-oriented centers anchored by retailers such as Target and Wal-Mart will continue to
Slide 5: Diverse Tenant Base
DIVERSE TENANT BASE Information as of March 31, 2009 Largest single retail tenant comprises only 3.6% of total annualized base rent Top 10 retail tenants account for only 22.9% of total annualized base rent Top 10 Retail Tenants Number % of % of Portfolio Of Owned Annualized S&P Tenant Locations GLA
Slide 6: Strong Demographics
STRONG DEMOGRAPHICS Portfolio is positioned for potential rental rate increases at lease expirations High quality assets with an average age of only seven years Roughly half of the current portfolio was developed by KRG Portfolio benefits from 100% non-owned anchor occupancy Strong household incomes
Slide 7: Well-Staggered Lease Expirations
WELL-STAGGERED LEASE EXPIRATIONS Information as of March 31, 2009 No more than 10.9% of total annualized rent is expected to roll over in any one year Percentage of Lease Expiration by Total Annualized Base Rent (1) (1) Lease expirations of operating portfolio and excludes option periods, month to m
Slide 8: Managing Leverage
MANAGING LEVERAGE Equity offerings in October 2008 and May 2009 Average price of $4.24 per share Net proceeds totaling approximately $136 million Improved capital structure and enhanced liquidity Paid down unsecured credit facility with a portion of offering proceeds Current cash and available credi
Slide 9: Managing Debt Maturities
MANAGING DEBT MATURITIES Extended or refinanced nearly $200 million in maturing debt since Q3 2008 Only $48 million of CMBS debt maturing through 2011 Events As of % of As of % of Subsequent to % of 1) 1) 9/30/2008( Total 3/31/2009 ( Total 3/31/2009 (1)(2) Total 2008 $18,740 3% $0 0% $0 0% 2009 $214
Slide 10: Managing Development Costs
MANAGING DEVELOPMENT COSTS Current Development Pipeline (Dollars in thousands) Total Estimated Project Costs: $91,200 Cost Incurred as of 3/31/09: $60,323 Remaining Cost to be Spent: $30,877 - To be funded by existing construction loans Visible Shadow Pipeline (Dollars in thousands) KRG Share of Tot
Slide 11: Disclaimer
DISCLAIMER This presentation may include certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements containe