Zachary White's questions to Kite Realty Group Trust (KRG) leadership • Q2 2025
Question
Zachary White from BTIG asked for an update on KRG's strategic exposure to gateway markets like Seattle and other non-Sunbelt areas following the Fullerton, CA sale. He questioned if there was performance differentiation and potential for further rotation into the Sunbelt.
Answer
CEO John Kite stated that performance is strong and broad-based across their markets, and the company is happy with its current portfolio composition. He clarified the California exit was due to a lack of scale, not poor performance. While KRG is always monitoring its footprint, he noted that demand is currently strong across the board, including in gateway markets, and highlighted that 40% of revenue still comes from Texas and Florida.