Kite Realty Group Trust Announces Tax Reporting Information for 2012 Dividend Distributions

Before you go, we thought you'd like these...
Before you go close icon

Kite Realty Group Trust Announces Tax Reporting Information for 2012 Dividend Distributions

INDIANAPOLIS--(BUSINESS WIRE)-- Kite Realty Group Trust (NYS: KRG) announced today that the tax of its 2012 dividend distributions for the Company's common shares of beneficial interest represents 0.00 percent ordinary income, 6.79 percent capital gain, and 93.21 percent return of capital. The allocations on the common shares for 2012 were based upon the annual dividend distribution of $0.24 per share.

The tax allocation of its 2012 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 2012 was based upon the annual dividend distributions of $2.0625 per share.

            
CUSIP

Record
Date

Payable
Date

Total
Distribution
per Share

Ordinary
Dividend

Capital
Gain
Distribution

Non-Taxable
Distribution

49803T1021/6/20121/13/2012$0.060000$0.000000$0.004075$0.055925
49803T1024/5/20124/13/20120.0600000.0000000.0040750.055925
49803T1027/6/20127/13/20120.0600000.0000000.0040750.055925
49803T10210/5/201210/12/20120.0600000.000000 0.004075 0.055925 
$0.240000$0.000000 $0.016300 $0.223700 
0.00%6.79%93.21%
 
CUSIP

Record
Date

Payable
Date

Total
Distribution
per Share

Ordinary
Dividend

Capital
Gain
Distribution

Non-Taxable
Distribution

49803T2012/21/20123/1/2012$0.515625$0.515625$0.000000$0.000000
49803T2015/22/20126/1/20120.5156250.5156250.0000000.000000
49803T2018/21/20129/1/20120.5156250.5156250.0000000.000000
49803T20111/21/201211/30/20120.5156250.515625 0.000000 0.000000 
$2.062500$2.062500 $0.000000 $0.000000 
100.00%0.00%0.00%
 

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, 2012, the Company owned interests in a portfolio of 60 operating and redevelopment properties totaling approximately 8.9 million square feet and an additional two properties currently under development totaling 0.6 million square feet.

Safe Harbor

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements expressed or implied by the forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to: national and local economic, business, real estate and other market conditions, particularly in light of the recent slowing of growth in the U.S. economy; 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 to 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, 2011, 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:
Adam Basch, Investor Relations, 317-578-5161
abasch@kiterealty.com

KEYWORDS:   United States  North America  Indiana

INDUSTRY KEYWORDS:

The article Kite Realty Group Trust Announces Tax Reporting Information for 2012 Dividend Distributions originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners