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Kite Realty Group Trust Receives Investment Grade Credit Ratings from Moody’s Investor Service and Standard and Poor’s Ratings Services

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Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today it was assigned investment grade credit ratings by two of the major U.S. credit rating agencies. The Company received a Baa3 rating from Moody’s Investor Service (“Moody’s”) and a BBB- rating from Standard and Poor’s Ratings Services (“S&P”). Both credit ratings have a stable outlook.

“The receipt of investment grade credit ratings is a significant achievement and a testament to the tremendous strides we have made in transforming the Company while materially strengthening the balance sheet and further increasing our financial flexibility,” said John Kite, Chairman and CEO.

More information regarding the Company’s credit rating assignment can be found on the agencies’ respective websites at and

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States. At July 1, 2014, and after giving effect to the merger with Inland Diversified Real Estate Trust, Inc., Kite Realty owned interests in a portfolio of 133 operating, development and redevelopment properties totaling approximately 21.6 million owned square feet across 26 states. For more information, please visit the Company’s website at

Safe Harbor

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to: national and local economic, business, real estate and other market conditions, particularly in light of low growth in the U.S. economy, financing risks, including the availability of and costs associated with sources of liquidity, the Company’s ability to refinance, or extend the maturity dates of, its indebtedness, the level and volatility of interest rates, the financial stability of tenants, including their ability to pay rent and the risk of tenant bankruptcies, the competitive environment in which the Company operates, acquisition, disposition, development and joint venture risks, property ownership and management risks, the Company’s ability to maintain its status as a real estate investment trust for federal income tax purposes, potential environmental and other liabilities, impairment in the value of real estate property the Company owns, risks related to the geographical concentration of our properties in Indiana, Florida and Texas, the dilutive effects of future offerings of issuing additional securities, and other factors affecting the real estate industry generally. The Company refers you to the documents filed by the Company from time to time with the Securities and Exchange Commission, specifically the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, which discuss these and other factors that could adversely affect the Company’s results. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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