KRG - Kite Realty: The Yield Is Low But There Is Potential Here
2024-02-02 21:58:28 ET
Summary
- Kite Realty Group Trust is a REIT that owns and operates open-air shopping centers and mixed-use assets across the US.
- There seems to be potential here as it owns a well-diversified portfolio, has marked notable recent growth, and has a healthy solvency profile.
- But most importantly, its shares are trading at a good discount to NAV, while the relatively safe dividend yield adds to its attractiveness.
Kite Realty Group Trust ( KRG ), founded in 1960 and headquartered in Indianapolis, IN, is a REIT that owns, acquires, (re)develops, and operates open-air shopping centers and mixed-use assets across the country....
Kite Realty: The Yield Is Low, But There Is Potential Here