Kite Realty Group Trust · NYSE:KRG
Kite Realty Group Trust — Wachovia Conference 2004
17 slides from Kite Realty Group Trust's conference presentation, Dec 9, 2004
Slide 1: Wachovia Conference 2004
Ph KITE REALTY GROUP. Wachovia Conference 2004 December 8 - 9
Slide 2: Disclaimer
KITE REALTY GROUP. Disclaimer This presentation contains certain statements that may be considered to be “forward- looking statements" within the meaning of the federal securities laws. All statements, other than statements of historical facts, that address activities, events or developments that Ki
Slide 3: Initial Public Offering Overview
KITE REALTY GROUP. Initial Public Offering Overview Shares Offered Offering Price Offering Size Dividend Yield Exchange / Ticker Use of Proceeds Underwriters 18.3 million common shares $13.00 $237.9 million 5.8% NYSE / KRG Repaid debt and funded acquisitions and development Lehman Brothers (Boakrunn
Slide 4: Kite Realty Group
ds KITE REALTY GROUP. Kite Realty Group Kite Realty Group has grown into a retail focused, full-service, vertically integrated real estate development, construction and management company. # of Operating Properties” Total Operating SF” # of Development Properties 10 Total Development SF” 4.4mm Estim
Slide 5: Kite Portfolio Overview
KITE REALTY GROUP. Kite Portfolio Overview Kite’s portfolio is focused in high- growth markets in Indiana, Texas, and Florida Four] une Tot (1) Inchatee the acquisition of Eastgate Pavilion and the bulking lensed to state of hudina becoming opentional.
Slide 6: Experienced & Committed Management
KITE REALTY GROUP. Experienced & Committed Management + Expertise in design, development, leasing, construction and management = Focused on disciplined allocation of capital to new investment opportunities - Inthe past five years, managed more than 16 million square feet and acquired or developed ap
Slide 7: Experienced Management Team
KITE REALTY GROUP. Experienced Management Team Kite has a fully Integrated team of KRG Board experienced real “Trustees (6 Independent) estate professionals.
Slide 8: Vertically Integrated Development Platform
KITE REALTY GROUP. Vertically Integrated Development Platform Kite’s core competency development + In-house expertise of all aspects of the development process + Control of entire process mitigates risk and ensures on time and an budget project delivery + Full integration ultimately drives enhanced
Slide 9: Strong Development Returns
KITE REALTY GROUP. Strong Development Returns Historical Development Returns # of Total Cost Proven ace Year Projects ($mm) NOI Yield 1999 4 $38.9 10.8% record of success 2000 3 36.7 9.0% demonstrated by 2001 5 74 15.6% strong NOI yields 2002 4 153 9.0% 2003 3 13.3 10.7% 2004 5 35.9 10.4% Subtotal/A
Slide 10: Ancillary Revenue Opportunities
KITE REALTY GROUP. Ancillary Revenue Opportunities Leveraging Vertical Integration: Kite has several additional revenue producing business lines Kite’s Complimentary Business Lines
Slide 11: Favorable Portfolio Demographics
Ph KITE REALTY GROUP. Favorable Portfolio Demographics Retail portfolio is 375.0. located in affluent 305.000 trade and high se5.00 growth areas Sourme: Gastas ne.
Slide 12: Stable Operating Property Cash Flow
Ph KITE REALTY GROUP. Stable Operating Property Cash Flow -Kite’s operating portfolio was approximately 95% leased as af September 30, 2004 +Limited near-term lease rollover with no retail tenant representing more than 4.5% of annualized base rent High-quality -Broad tenant civersfication limited le
Slide 13: Strong Tenant Roster
KITE REALTY GROUP. Strong Tenant Roster BED BATH & ein | Pa “Strategy to minimize | 2a = tenant exposure = BARNES <cNOBLE -No Ue ales up COLD NAVY TARG ET portfolio bee ae ekg! é ee MARSH zr WAL*MART — Publix ]
Slide 14: Investment returns
KITE REALTY GROUP. “Investment returns -Property location 11am acqui In place NOI yield is approximately -Strength of trade area ‘Tenancy -Leverage existing relationships -Ability to capitalize on potential upside ‘opportunities
Slide 15: Recent Acquisition
KITE REALTY GRO! Recent Acquisition
Slide 16: Capital Strategy
KITE REALTY GROUP. Capital Strategy Focus on maintaining financial flexibility for future growth + Maintain prudent leverage levels - $99 million of net proceeds was used to repay debt - 38% debt to market cap ratio as of September 30, 2004 + Monitor floating rate exposure, debt maturities and asset
Slide 17: Searchable text section of graphics shown above
Searchable text section of graphics shown above [ LOG O] Wachovia Conference 2004 [GRAPHIC] December 8 - 9 Kite Realty Group 30 South Meridian Street Suite 1100 Indianapolis, IN 46204 www.kiterealty.com Dis claimer This presentation contains certain statements that may be considered to be “forward-l