KRG - Chairman & CEO Of Kite Realty Gr Trust Sold $1.31M In Stock | Benzinga
Revealing a significant insider sell on December 5, John A Kite, Chairman & CEO at Kite Realty Gr Trust (NYSE:KRG), 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 U.S. Securities and Exchange Commission 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.
Delving into Kite Realty Gr Trust's Background
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.
Understanding the Numbers: Kite Realty Gr Trust's Finances
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 ...