2024-04-16 13:05:54 ET
Summary
- Kite Realty Group is a REIT with a focus on open-air shopping centers in Sunbelt markets.
- KRG has demonstrated strong operating metrics, including double-digit cash lease spreads.
- Despite a slowdown in SSNOI growth, KRG is expected to have a transition year in 2024 and offers potential for continued growth thereafter and an attractive dividend yield.
Income investing can be a lot like building real estate. Similar to how a building is put together brick by brick (or steel frame by frame), a sizable income stream can be accumulated over time so long as one is willing to be patient and make opportunistic purchases when the chips are down....
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Kite Realty: Near 52-Week Low With 5% Yield Makes It A Buy