Kite Realty Group Trust (NYSE: KRG) announced today that the tax allocations of its 2011 dividend distributions for the Company's common shares of beneficial interest represents 8.25 percent ordinary income, 26.18 percent capital gain, and 65.57 percent return of capital. The allocations on the common shares for 2011 were based upon the annual dividend distribution of $0.24 per share.

The tax allocation of its 2011 dividend distributions for the Company's Series A cumulative redeemable perpetual preferred shares represents 100 percent ordinary income. The allocation on the preferred shares for 2011 was based upon the annual dividend distributions of $2.033854 per share.

           
CUSIP

Record
Date

Payable
Date

Total
Distribution
per Share

Ordinary
Dividend

Capital
Gain
Distribution

Non-Taxable
Distribution

49803T102 1/6/2011 1/13/2011 $ 0.060000 $ 0.004947 $ 0.015709 $ 0.039344
49803T102 4/6/2011 4/13/2011 0.060000 0.004947 0.015709 0.039344
49803T102 7/7/2011 7/14/2011 0.060000 0.004947 0.015709 0.039344
49803T102 10/6/2011 10/13/2011 0.060000 0.004947 0.015709 0.039344
$ 0.240000 $ 0.019788 $ 0.062836 $ 0.157376
8.25% 26.18% 65.57%
 
           
CUSIP

Record
Date

Payable
Date

Total
Distribution
per Share

Ordinary
Dividend

Capital
Gain
Distribution

Non-Taxable
Distribution

49803T201 2/22/2011 3/1/2011 $ 0.486979 $ 0.486979 $ 0.000000 $ 0.000000
49803T201 5/18/2011 6/1/2011 0.515625 0.515625 0.000000 0.000000
49803T201 8/182011 9/1/2011 0.515625 0.515625 0.000000 0.000000
49803T201 11/23/2011 12/1/2011 0.515625 0.515625 0.000000 0.000000
$ 2.033854 $ 2.033854 $ 0.000000 $ 0.000000
100% 0% 0%
 

This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company's distributions. No material change in these classifications is expected.

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 September 30, 2011, the Company owned interests in a portfolio of 63 operating and redevelopment properties totaling approximately 9.3 million square feet and an additional two properties currently under development totaling 0.4 million square feet.

Safe Harbor

This press release contains certain statements that are not historical fact and may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including, without limitation: national and local economic, business, real estate and other market conditions, particularly in light of the recent recession; 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 ("REIT") 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; and other factors affecting the real estate industry generally. The Company refers you 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, 2010, 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 (including the FFO and net income estimates), whether as a result of new information, future events or otherwise.

Kite Realty Group Trust
Dan Sink, Chief Financial Officer, 317-577-5609
dsink@kiterealty.com
or
Investors/Media:
David Buell, Manager, Financial Reporting, 317-713-5647
dbuell@kiterealty.com