Alex Fiagon's questions to Kite Realty Group Trust (KRG) leadership • Q3 2024
Question
Alex Fiagon asked which retail categories are currently the most aggressive in seeking new space within Kite Realty's portfolio. He also inquired about the expected breakdown between anchor and shop tenants once the portfolio reaches full occupancy, compared to the current 47% to 53% split.
Answer
COO Thomas McGowan identified grocers and core box retailers like Dick's and Ross as particularly active, emphasizing the company's success in diversifying its tenant base with strong credit users. CEO John Kite added that the pool of interested retailers is deeper than ever, spanning from luxury to service-oriented tenants. Regarding the portfolio mix, Kite expects the roughly 50-50 anchor-to-shop split to remain stable, viewing this composition as a strategic advantage that balances growth and stability.