Kite Realty Group Trust Management

Management criteria checks 3/4

Kite Realty Group Trust's CEO is John Kite, appointed in Aug 2004, has a tenure of 20.25 years. total yearly compensation is $6.89M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 0.048% of the company’s shares, worth €2.85M. The average tenure of the management team and the board of directors is 6.4 years and 10.3 years respectively.

Key information

John Kite

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage	13.8%
CEO tenure	20.3yrs
CEO ownership	0.05%
Management average tenure	6.4yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Kite's remuneration changed compared to Kite Realty Group Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$10m
Jun 30 2024	n/a	n/a	-US$24m
Mar 31 2024	n/a	n/a	US$56m
Dec 31 2023	US$7m	US$950k	US$47m
Sep 30 2023	n/a	n/a	US$38m
Jun 30 2023	n/a	n/a	US$28m
Mar 31 2023	n/a	n/a	US$10m
Dec 31 2022	US$10m	US$950k	-US$13m
Sep 30 2022	n/a	n/a	-US$110m
Jun 30 2022	n/a	n/a	-US$109m
Mar 31 2022	n/a	n/a	-US$122m
Dec 31 2021	US$6m	US$850k	-US$81m
Sep 30 2021	n/a	n/a	US$11m
Jun 30 2021	n/a	n/a	US$13m
Mar 31 2021	n/a	n/a	US$8m
Dec 31 2020	US$7m	US$825k	-US$16m
Sep 30 2020	n/a	n/a	US$6m
Jun 30 2020	n/a	n/a	-US$9m
Mar 31 2020	n/a	n/a	-US$6m
Dec 31 2019	US$6m	US$825k	-US$534k
Sep 30 2019	n/a	n/a	-US$47m
Jun 30 2019	n/a	n/a	-US$23m
Mar 31 2019	n/a	n/a	-US$23m
Dec 31 2018	US$4m	US$775k	-US$47m
Sep 30 2018	n/a	n/a	-US$13m
Jun 30 2018	n/a	n/a	-US$18m
Mar 31 2018	n/a	n/a	-US$6m
Dec 31 2017	US$3m	US$725k	US$12m

Compensation vs Market: John's total compensation ($USD6.89M) is above average for companies of similar size in the German market ($USD3.51M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Kite (58 yo)

20.3yrs

Tenure

US$6,887,961

Compensation

Mr. John A. Kite has been the Chief Executive Officer at Kite Realty Group Trust since August 2004. Mr. Kite is responsible for the Kite Realty Group’s strategic planning, operations, acquisitions and capi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Kite	Chairman of the Board of Trustees & CEO	20.3yrs	US$6.89m	0.048% € 2.9m
Thomas McGowan	President & COO	20.3yrs	US$2.67m	0.048% € 2.8m
Heath Fear	Executive VP & CFO	6yrs	US$2.62m	0.032% € 1.9m
David Buell	Senior VP & Chief Accounting Officer	6.8yrs	US$406.46k	0.022% € 1.3m
Tyler Henshaw	Senior Vice President of Capital Markets	2.5yrs	no data	no data
Dean Papadakis	Senior VP	2.8yrs	no data	no data
Bryan McCarthy	Senior Vice President of Corporate Marketing & Communications	6.8yrs	no data	no data
Mellissa Boggs	Executive Vice President of Employee Experience	4.8yrs	no data	no data
Mark Jenkins	Senior Vice President of Development	no data	no data	no data
Mitch Rippe	Senior Vice President of Acquisition & Disposition	no data	no data	no data
Gregg Poetz	Senior Vice President of Leasing	no data	no data	no data
Randy Burke	Senior Vice President of Construction	no data	no data	no data

6.4yrs

Average Tenure

56.5yo

Average Age

Experienced Management: FGC1's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kite	Chairman of the Board of Trustees & CEO	20.7yrs	US$6.89m	0.048% € 2.9m
Peter Lynch	Independent Trustee	3.1yrs	US$225.01k	0.032% € 1.9m
Bonnie Biumi	Independent Trustee	3.1yrs	US$227.51k	0.031% € 1.8m
Victor Coleman	Independent Trustee	12yrs	US$225.01k	0.041% € 2.4m
Caroline Young	Independent Trustee	4.5yrs	US$235.01k	0.017% € 997.9k
Alvin Kite	Chairman Emeritus	no data	no data	no data
Steven Grimes	Independent Trustee	3.1yrs	US$227.51k	0.33% € 19.7m
Charles Wurtzebach	Independent Trustee	10.3yrs	US$240.01k	0.027% € 1.6m
Barton Peterson	Independent Trustee	11yrs	US$225.01k	0.036% € 2.2m
Christie Kelly	Independent Trustee	11.5yrs	US$227.51k	0.030% € 1.8m
David O'Reilly	Independent Trustee	11.3yrs	US$237.51k	0.029% € 1.7m
Derrick Burks	Independent Lead Director	3.7yrs	US$237.51k	0.012% € 686.9k

10.3yrs

Average Tenure

62yo

Average Age

Experienced Board: FGC1's board of directors are seasoned and experienced ( 10.3 years average tenure).

Kite Realty Group Trust Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Independent Trustee recently sold €899k worth of stock

Kite Realty Group Trust, Annual General Meeting, May 29, 2024

Insider recently sold €463k worth of stock

Insider recently sold €1.7m worth of stock

Kite Realty Group Trust, Annual General Meeting, May 11, 2022

Recent updates

Dividend of US$0.27 announced

Kite Realty Group Trust Provides Earnings Guidance for the Full Year 2024

Third quarter 2024 earnings released: FFO per share: US$0.5 (vs US$0.52 in 3Q 2023)

Insufficient new directors

Kite Realty Group Trust to Report Q3, 2024 Results on Oct 30, 2024

Upcoming dividend of US$0.26 per share

Now 21% undervalued

Independent Trustee recently sold €899k worth of stock

Dividend of US$0.26 announced

Kite Realty Group Trust Updates Earnings Guidance for the Full Year 2024

Second quarter 2024 earnings released: US$0.22 loss per share (vs US$0.15 profit in 2Q 2023)

Upcoming dividend of US$0.25 per share

Kite Realty Group Trust to Report Q2, 2024 Results on Jul 30, 2024

First quarter dividend of US$0.25 announced

Kite Realty Group Trust Board of Trustees Declares a Second Quarter 2024 Dividend, Payable on or About July 16, 2024

First quarter 2024 earnings released: EPS: US$0.064 (vs US$0.025 in 1Q 2023)

Kite Realty Group Trust, Annual General Meeting, May 29, 2024

Upcoming dividend of US$0.25 per share

Kite Realty Group Trust to Report Q1, 2024 Results on Apr 30, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: FFO per share: US$2.0 (vs US$1.94 in FY 2022)

Fourth quarter dividend of US$0.25 announced

Kite Realty Group Trust Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$0.22 (vs US$0.058 loss in FY 2022)

New major risk - Revenue and earnings growth

Kite Realty Group Trust to Report Q4, 2023 Results on Feb 13, 2024

Upcoming dividend of US$0.25 per share at 4.3% yield

Insider recently sold €463k worth of stock

Now 20% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: US$0.009 (vs US$0.036 loss in 3Q 2022)

Kite Realty Group Trust Provides Earnings Guidance for the Full Year 2023

Upcoming dividend of US$0.24 per share at 4.5% yield

Kite Realty Group Trust to Report Q3, 2023 Results on Oct 30, 2023

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Kite Realty Group Trust Declares Dividend for the Third Quarter of 2023, Payable on or About October 13, 2023

Second quarter 2023 earnings released: EPS: US$0.15 (vs US$0.06 in 2Q 2022)

Kite Realty Group Trust to Report Q2, 2023 Results on Jul 31, 2023

Upcoming dividend of US$0.24 per share at 4.4% yield

First quarter 2023 earnings released: EPS: US$0.025 (vs US$0.077 loss in 1Q 2022)

Upcoming dividend of US$0.24 per share at 4.9% yield

Full year 2022 earnings released: US$0.058 loss per share (vs US$0.73 loss in FY 2021)

Kite Realty Group Trust Provides Earnings Guidance for the Year of 2023

Upcoming dividend of US$0.24 per share

Kite Realty Group Trust to Report Q4, 2022 Results on Feb 13, 2023

Insider recently sold €1.7m worth of stock

Kite Realty Group Trust Declares Quarterly Common Dividend for the Quarter Ending December 31, 2022, Payable on or About January 13, 2023

Third quarter 2022 earnings released: US$0.036 loss per share (vs US$0.082 loss in 3Q 2021)

Kite Realty Group Trust to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.22 per share

Kite Realty Group Trust Declares Quarterly Common Dividend for the Quarter Ending September 30, 2022, Payable on or About October 14, 2022

An unknown buyer acquired Plaza Del Lago at Chicago, IL from Kite Realty Group Trust (NYSE:KRG) for $58.7 million.

Second quarter 2022 earnings released: EPS: US$0.06 (vs US$0.003 loss in 2Q 2021)

Kite Realty Group Trust Provides Earning Guidance for 2022

Kite Realty Group Trust to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$0.21 per share

Kite Realty Group Trust Announces Quarterly Common Dividend, Payable on or About July 15, 2022

First quarter 2022 earnings released: US$0.077 loss per share (vs US$0.29 profit in 1Q 2021)

Upcoming dividend of US$0.20 per share

Kite Realty Group Trust, Annual General Meeting, May 11, 2022

Kite Realty Group Trust, Annual General Meeting, May 11, 2022

Forecast breakeven date pushed back to 2023

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Kite Realty Group Trust (NYSE:KRG) acquired Two Small Shop Buildings Adjacent To Nora Plaza for $13.5 million.

Kite Realty Group Trust Announces Quarterly Common Dividend, Payable on or About April 15, 2022

Upcoming dividend of US$0.19 per share

Third quarter 2021 earnings released: US$0.082 loss per share (vs US$0.054 loss in 3Q 2020)

Upcoming dividend of US$0.18 per share

Second quarter 2021 earnings released: US$0.003 loss per share (vs US$0.057 loss in 2Q 2020)