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Stock impact report

Kite Realty Group Trust Comments on COVID-19

Kite Realty Group Trust (KRG) 
Last kite realty group trust earnings: 2/18 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.kiterealty.com
Company Research Source: GlobeNewswire
INDIANAPOLIS, March 27, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (“KRG”) issued the following statement on the COVID-19 pandemic. “In the midst of the COVID-19 pandemic, our first priority is the safety of our employees, tenants, stakeholders and communities in which we operate.  Our second priority is to stay in close contact with our tenants with the goal of helping them navigate through this unprecedented crisis,” said John A. Kite, Chairman and CEO.  “As it relates to KRG, we are grateful for having completed Project Focus in 2019, leaving us with a stronger balance sheet, more liquidity and an improved portfolio.” Liquidity On March 23, 2020, we provided notice to lenders to borrow funds under our $600 million Credit Facility, bringing the outstanding balance under the Credit Facility to $300 million.  We borrowed funds under the Credit Facility as a precautionary measure in order to increase our cash position and preserve financial flexibility in light of Show less Read more
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