What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2021-02-22 compared with 2020-02-20 · 13 added, 63 removed, 39 unchanged (66% of the section changed)

14 unchanged sentences

Under certain circumstances, we could be required to make distributions in excess of cash available for distributions in order to meet such requirements.

For the taxable year ended December 31, 2019 , approximately 35% of our distributions to shareholders constituted a return of capital, approximately 35% constituted taxable capital gains dividends, and approximately 30% constituted taxable ordinary income dividends.

Under our unsecured revolving credit facility, we are permitted to make distributions to our shareholders provided that no event of default exists.

For the taxable year ended December 31, 2020, approximately 89% of our distributions to shareholders constituted taxable ordinary income dividends and approximately 11% constituted taxable capital gains dividends.

Under our Credit Facility, we are permitted to make distributions to our shareholders provided that no event of default exists.

If an event of default exists, we may only make distributions sufficient to maintain our REIT status.

However, we may not make any distributions if any event of default resulting from nonpayment or bankruptcy exists, or if our obligations under the unsecured revolving credit facility are accelerated.

However, we may not make any distributions if any event of default resulting from nonpayment or bankruptcy exists, or if our obligations under the Credit Facility are accelerated.

Issuer Repurchases;

4 unchanged sentences

The following table summarizes all of these repurchases during the three months ended December 31, 2020:

Average price

paid per share

Total number of

Period Total number

purchased Average price

paid per share Total number of

shares purchased

1 unchanged sentence

announced plans

Maximum number

or programs Maximum number

of shares that may

1 unchanged sentence

under the plans or

October 1 - October 31

November 1 - November 30

December 1 - December 31

October 1 - October 31 — — N/A N/A

November 1 - November 30 27,125 $12.42 N/A N/A

December 1 - December 31 — — N/A N/A

We did not sell any unregistered securities during 2020.

6 unchanged sentences

The shareholder return shown on the graph below is not indicative of future performance

12/15/ 6/16/ 12/16 6/17 12/17 6/18 12/18 6/19 12/19 6/20 12/20

Kite Realty Group Trust 100.00 110.42 94.45 78.22 83.48 75.49 64.73 74.00 99.10 60.36 79.13

S&P 500 100.00 103.84 111.96 122.42 136.40 140.02 130.42 154.60 171.49 166.20 203.04

FTSE NAREIT Equity REITs 100.00 113.38 108.52 111.45 114.19 115.35 108.92 128.28 137.23 111.55 126.25

SELECTED FINANCIAL DATA

The following tables set forth, on a historical basis, selected unaudited financial and operating information.

The financial information has been derived from our consolidated balance sheets and statements of operations.

This information should be read in conjunction with our audited consolidated financial statements and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this Annual Report on Form 10-K.

($ in thousands, except per share data)

Year Ended December 31 (Unaudited)

Operating Data:

Rental income and other property related revenue

Total revenues

Property operating

Real estate taxes

General, administrative, and other

Transaction costs

Non-cash gain from release of assumed earnout liability

Depreciation and amortization

Impairment charge

Total expenses

Gains on sales of operating properties, net

Operating income

Interest expense

Income tax benefit (expense) of taxable REIT subsidiary

(Loss) gain on debt extinguishment

Gain on settlement

Equity in loss of unconsolidated subsidiaries

Other expense, net

Consolidated net (loss) income

Net income attributable to noncontrolling interests:

Net (loss) income attributable to Kite Realty Group Trust:

Dividends on preferred shares

Non-cash adjustment for redemption of preferred shares

Net (loss) income attributable to common shareholders

(Loss) income per common share – basic:

(Loss) income from continuing operations attributable to Kite Realty Group Trust common shareholders

Income from discontinued operations attributable to Kite Realty Group Trust common shareholders

Net (loss) income attributable to Kite Realty Group Trust common shareholders

(Loss) income per common share – diluted:

(Loss) income from continuing operations attributable to Kite Realty Group Trust common shareholders

Income from discontinued operations attributable to Kite Realty Group Trust common shareholders

Net (loss) income attributable to Kite Realty Group Trust common shareholders

Weighted average Common Shares outstanding – basic

Weighted average Common Shares outstanding – diluted

Distributions declared per Common Share

($ in thousands)

As of December 31

Balance Sheet Data (Unaudited):

Investment properties, net

Cash and cash equivalents

Assets held for sale

Mortgage and other indebtedness

Total liabilities

Limited partners' interests in Operating Partnership and other redeemable noncontrolling interests

Kite Realty Group Trust shareholders’ equity

Noncontrolling interests

Total liabilities and equity

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity