Kite Realty Group Trust (KRG) Declares $0.08 Quarterly Dividend; Update on Quarterly Rent Collections and Repayment of Line of Credit

Kite Realty Group Trust (NYSE: KRG) declared a quarterly dividend of $0.08 per share, or $0.32 annualized.

The dividend will be payable on October 9, 2020, to stockholders of record on October 2, 2020, with an ex-dividend date of October 1, 2020.

The annual yield on the dividend is 2.9 percent.

As of September 11, 2020, KRG has collected over 89% of third quarter (July and August) base rent and recoveries, exclusive of security deposits. An additional 2% of third quarter base rent and recoveries have been contractually deferred. Currently, September rent collections are on a similar pace to July and August.

Additionally, the Company repaid $50 million of the outstanding balance on its credit facility with cash on hand, thereby lowering the outstanding amount on its $600 million credit facility to $50 million.

For a dividend history and other dividend-related data on Kite Realty Group Trust (KRG) click here.

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