Kite Realty Group Trust - Understand $krg stock

$KRG Market Cap: $5.896 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$827.4M

TTM

Gross Margin

74.57%

TTM

Net Earnings

-$9.774M

TTM

Current Assets

$337.6M

Q3 2024

Current Liabilities

$192.7M

Q3 2024

Current Ratio

175.21%

Q3 2024

Total Assets

$7.130B

Q3 2024

Total Liabilities

$3.681B

Q3 2024

Book Value

$3.448B

Q3 2024

Cash

$117.5M

Q3 2024

P/E

-603.2

Nov 14, 2024 EST

Free Cash Flow

$265.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$823.0M	$802.0M	$373.3M	$266.6M	$315.2M	$354.2M	$358.8M	$354.1M	$347.0M	$259.5M	$129.5M	$96.50M	$89.10M	$94.50M	$115.3M	$142.1M	$132.9M	$131.2M	$98.70M	$47.30M	$27.80M	$28.60M	$10.80M
YoY Change	2.62%	114.83%	40.01%	-15.4%	-11.01%	-1.29%	1.33%	2.05%	33.71%	100.43%	34.18%	8.31%	-5.71%	-18.04%	-18.86%	6.92%	1.3%	32.93%	108.67%	70.14%	-2.8%	164.81%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$823.0M	$802.0M	$373.3M	$266.6M	$315.2M	$354.2M	$358.8M	$354.1M	$347.0M	$259.5M	$129.5M	$96.50M	$89.10M	$94.50M	$115.3M	$142.1M	$132.9M	$131.2M	$98.70M	$47.30M	$27.80M	$28.60M	$10.80M
Cost Of Revenue	$210.4M	$211.8M	$105.1M	$76.90M	$84.40M	$92.70M	$92.80M	$90.80M	$90.90M	$68.70M	$37.00M	$29.60M	$29.30M	$34.10M	$47.40M	$62.00M	$57.30M	$60.70M	$41.60M	$24.20M	$16.50M	$22.30M	$6.700M
Gross Profit	$612.6M	$590.2M	$268.2M	$189.8M	$230.8M	$261.5M	$266.0M	$263.4M	$256.1M	$190.9M	$92.50M	$66.90M	$59.80M	$60.40M	$67.80M	$80.00M	$75.50M	$70.40M	$57.10M	$23.10M	$11.30M	$6.300M	$4.100M
Gross Profit Margin	74.44%	73.59%	71.85%	71.18%	73.23%	73.83%	74.13%	74.38%	73.8%	73.56%	71.44%	69.33%	67.12%	63.92%	58.8%	56.3%	56.81%	53.66%	57.85%	48.84%	40.65%	22.03%	37.96%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$56.14M	$54.86M	$33.98M	$30.80M	$28.20M	$21.30M	$21.70M	$20.60M	$18.70M	$13.00M	$8.200M	$7.100M	$6.300M	$5.400M	$5.700M	$5.900M	$6.300M	$5.300M	$5.300M	$3.300M	$2.700M	$1.900M	$1.100M
YoY Change	2.34%	61.43%	10.34%	9.22%	32.39%	-1.84%	5.34%	10.16%	43.85%	58.54%	15.49%	12.7%	16.67%	-5.26%	-3.39%	-6.35%	18.87%	0.0%	60.61%	22.22%	42.11%	72.73%
% of Gross Profit	9.16%	9.3%	12.67%	16.23%	12.22%	8.15%	8.16%	7.82%	7.3%	6.81%	8.86%	10.61%	10.54%	8.94%	8.41%	7.38%	8.34%	7.53%	9.28%	14.29%	23.89%	30.16%	26.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$426.4M	$469.8M	$200.5M	$128.6M	$132.1M	$152.2M	$172.1M	$0.00	$167.3M	$121.0M	$54.48M	$43.80M	$38.70M	$42.60M	$34.00M	$37.30M	$32.90M	$31.50M	$23.60M	$12.30M	$3.000M	$1.300M	$400.0K
YoY Change	-9.25%	134.36%	55.82%	-2.61%	-13.19%	-11.58%		-100.0%	38.28%	122.1%	24.38%	13.18%	-9.15%	25.29%	-8.85%	13.37%	4.44%	33.47%	91.87%	310.0%	130.77%	225.0%
% of Gross Profit	69.6%	79.6%	74.73%	67.78%	57.23%	58.19%	64.7%	0.0%	65.33%	63.38%	58.9%	65.47%	64.72%	70.53%	50.15%	46.63%	43.58%	44.74%	41.33%	53.25%	26.55%	20.63%	9.76%
Operating Expenses	$482.5M	$524.7M	$234.4M	$159.4M	$282.4M	$336.6M	$294.1M	$288.7M	$275.2M	$230.2M	$101.9M	$45.90M	$39.40M	$42.90M	$37.90M	$40.80M	$36.00M	$34.90M	$27.00M	$14.20M	$5.700M	$3.200M	$1.400M
YoY Change	-8.04%	123.79%	47.08%	-43.55%	-16.1%	14.45%	1.86%	4.9%	19.55%	125.92%	122.0%	16.5%	-8.16%	13.19%	-7.11%	13.33%	3.15%	29.26%	90.14%	149.12%	78.13%	128.57%
Operating Profit	$130.1M	$91.67M	-$21.52M	$35.01M	$71.76M	$21.03M	$79.91M	$69.68M	$71.80M	$29.33M	$27.59M	$21.00M	$20.40M	$17.50M	$29.90M	$39.20M	$39.50M	$35.50M	$30.10M	$8.900M	$5.600M	$3.100M	$2.700M
YoY Change	41.94%	-525.89%	-161.48%	-51.21%	241.2%	-73.68%	14.68%	-2.95%	144.8%	6.3%	31.39%	2.94%	16.57%	-41.47%	-23.72%	-0.76%	11.27%	17.94%	238.2%	58.93%	80.65%	14.81%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Interest Expense	-$105.3M	$104.3M	$60.45M	$50.40M	$59.27M	$66.79M	$65.70M	$65.58M	$56.43M	$45.51M	$27.99M	-$23.40M	-$21.60M	-$26.80M	-$27.20M	-$29.40M	-$26.00M	-$21.20M	-$17.80M	-$9.000M	-$4.200M	-$2.300M	-$1.200M
YoY Change	-201.03%	72.51%	19.94%	-14.96%	-11.26%	1.65%	0.19%	16.21%	23.99%	62.58%	-219.63%	8.33%	-19.4%	-1.47%	-7.48%	13.08%	22.64%	19.1%	97.78%	114.29%	82.61%	91.67%
% of Operating Profit	-80.96%	113.75%		143.95%	82.6%	317.56%	82.23%	94.12%	78.6%	155.18%	101.46%	-111.43%	-105.88%	-153.14%	-90.97%	-75.0%	-65.82%	-59.72%	-59.14%	-101.12%	-75.0%	-74.19%	-44.44%
Other Income/Expense, Net	$1.991M	$240.0K	$355.0K	$254.0K	-$573.0K	-$646.0K	-$415.0K	-$169.0K	-$95.00K	-$244.0K	-$62.00K	-$7.800M	$600.0K	$200.0K	$200.0K	$200.0K	$800.0K	$300.0K	$200.0K	-$1.700M	$0.00
YoY Change	729.58%	-32.39%	39.76%	-144.33%	-11.3%	55.66%	145.56%	77.89%	-61.07%	293.55%	-99.21%	-1400.0%	200.0%	0.0%	0.0%	-75.0%	166.67%	50.0%	-111.76%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$48.88M	-$12.37M	-$81.62M	-$15.10M	$300.0K	-$46.40M	$13.80M	$3.900M	$23.90M	-$7.900M	-$500.0K	-$11.60M	$3.800M	-$9.100M	$4.700M	$11.30M	$14.30M	$13.90M	$12.50M	-$1.800M	$1.400M	$600.0K	$1.400M
YoY Change	-495.27%	-84.85%	440.5%	-5133.33%	-100.65%	-436.23%	253.85%	-83.68%	-402.53%	1480.0%	-95.69%	-405.26%	-141.76%	-293.62%	-58.41%	-20.98%	2.88%	11.2%	-794.44%	-228.57%	133.33%	-57.14%
Income Tax	$533.0K	$43.00K	-$310.0K	-$696.0K	-$282.0K	-$227.0K	-$100.0K	$814.0K	$186.0K	$24.00K	$262.0K	-$100.0K	$0.00	$300.0K	$0.00	$1.900M	$800.0K	$1.000M	$1.000M	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	1.09%				-94.0%		-0.72%	20.87%	0.78%				0.0%		0.0%	16.81%	5.59%	7.19%	8.0%		0.0%	0.0%	0.0%
Net Earnings	$47.50M	-$12.64M	-$80.81M	-$16.22M	-$534.0K	-$46.57M	$11.87M	$1.183M	$27.12M	-$5.701M	-$2.850M	-$4.300M	$5.000M	-$8.300M	-$1.800M	$6.100M	$13.50M	$10.20M	$13.40M	-$500.0K	$1.400M	$2.200M	$1.500M
YoY Change	-475.89%	-84.36%	398.1%	2938.01%	-98.85%	-492.18%	903.72%	-95.64%	-575.65%	100.04%	-33.72%	-186.0%	-160.24%	361.11%	-129.51%	-54.81%	32.35%	-23.88%	-2780.0%	-135.71%	-36.36%	46.67%
Net Earnings / Revenue	5.77%	-1.58%	-21.65%	-6.08%	-0.17%	-13.15%	3.31%	0.33%	7.81%	-2.2%	-2.2%	-4.46%	5.61%	-8.78%	-1.56%	4.29%	10.16%	7.77%	13.58%	-1.06%	5.04%	7.69%	13.89%
Basic Earnings Per Share	$0.22	-$0.06	-$0.73	-$0.19	-$0.01	-$0.56	$0.14	$0.01	$0.19	-$0.24	-$0.48
Diluted Earnings Per Share	$0.22	-$0.06	-$0.73	-$0.19	-$0.01	-$0.56	$0.14	$0.01	$0.18	-$0.24	-$0.48	-$257.5K	$314.5K	-$525.3K	-$138.5K	$802.6K	$1.849M	$1.417M	$2.481M	-$106.4K	$218.7K	$343.8K	$234.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments	$36.41M	$115.8M	$93.24M	$43.60M	$31.30M	$35.40M	$24.10M	$19.90M	$33.90M	$43.80M	$18.10M	$12.50M	$10.00M	$15.40M	$20.00M	$9.900M	$19.00M	$24.00M	$15.20M	$10.10M	$2.200M	$3.500M
YoY Change	-68.55%	24.19%	113.86%	39.3%	-11.58%	46.89%	21.11%	-41.3%	-22.6%	141.99%	44.8%	25.0%	-35.06%	-23.0%	102.02%	-47.89%	-20.83%	57.89%	50.5%	359.09%	-37.14%
Cash & Equivalents	$36.41M	$115.8M	$93.24M	$43.60M	$31.30M	$35.40M	$24.10M	$19.90M	$33.90M	$43.80M	$18.10M	$12.50M	$10.00M	$15.40M	$20.00M	$9.900M	$19.00M	$24.00M	$15.20M	$10.10M	$2.200M	$3.500M
Short-Term Investments
Other Short-Term Assets	$117.8M	$127.0M	$84.83M	$13.00M	$7.500M	$12.80M	$16.40M	$9.700M	$8.900M	$8.800M	$4.500M	$1.400M	$2.000M	$1.700M	$2.200M	$4.200M	$3.600M	$5.800M	$2.500M	$1.100M	$500.0K	$600.0K
YoY Change	-7.25%	49.77%	552.51%	73.33%	-41.41%	-21.95%	69.07%	8.99%	1.14%	95.56%	221.43%	-30.0%	17.65%	-22.73%	-47.62%	16.67%	-37.93%	132.0%	127.27%	120.0%	-16.67%
Inventory
Prepaid Expenses
Receivables	$113.3M	$101.3M	$68.44M	$57.20M	$55.30M	$58.10M	$58.30M	$53.10M	$51.10M	$48.10M	$29.30M	$21.20M	$20.40M	$18.20M	$18.50M	$17.80M	$17.20M	$15.20M	$11.30M	$5.800M	$5.400M	$1.700M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.000M	$3.000M	$5.500M	$9.400M	$10.30M	$7.100M	$18.30M	$6.100M	$5.600M	$5.200M	$5.300M
Total Short-Term Assets	$267.5M	$344.1M	$246.5M	$113.8M	$94.10M	$106.3M	$98.80M	$82.70M	$93.90M	$100.7M	$51.90M	$40.10M	$35.40M	$40.80M	$50.10M	$42.20M	$46.90M	$63.30M	$35.10M	$22.60M	$13.30M	$11.10M
YoY Change	-22.26%	39.61%	116.62%	20.94%	-11.48%	7.59%	19.47%	-11.93%	-6.75%	94.03%	29.43%	13.28%	-13.24%	-18.56%	18.72%	-10.02%	-25.91%	80.34%	55.31%	69.92%	19.82%
Property, Plant & Equipment	$6.358B	$6.571B	$6.708B	$2.416B	$2.447B	$2.941B	$3.293B	$3.435B	$3.501B	$3.418B	$1.645B	$1.200B	$1.096B	$1.048B	$1.045B	$1.036B	$965.6M	$892.6M	$738.7M	$521.1M	$149.3M	$54.00M
YoY Change	-3.24%	-2.03%	177.64%	-1.29%	-16.79%	-10.69%	-4.14%	-1.87%	2.43%	107.83%	37.01%	9.55%	4.57%	0.29%	0.9%	7.24%	8.18%	20.83%	41.76%	249.03%	176.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.062M	$10.41M	$136.9M	$12.80M	$12.60M	$13.50M							$21.60M	$11.20M	$10.80M	$1.900M	$1.100M	$1.200M	$1.300M	$200.0K	$2.100M	$2.600M
YoY Change	-12.98%	-92.39%	969.41%	1.59%	-6.67%								92.86%	3.7%	468.42%	72.73%	-8.33%	-7.69%	550.0%	-90.48%	-19.23%
Other Assets	$309.2M	$416.0M	$548.6M	$66.10M	$94.60M	$111.1M	$120.5M	$72.80M	$67.00M	$249.6M	$64.00M	$48.30M	$51.90M	$43.60M	$42.70M	$39.90M	$26.80M	$18.30M	$24.10M	$19.80M	$6.600M	$3.700M
YoY Change	-25.68%	-24.18%	730.02%	-30.13%	-14.85%	-7.8%	65.52%	8.66%	-73.16%	290.0%	32.51%	-6.94%	19.04%	2.11%	7.02%	48.88%	46.45%	-24.07%	21.72%	200.0%	78.38%
Total Long-Term Assets	$6.677B	$6.998B	$7.393B	$2.495B	$2.555B	$3.066B	$3.414B	$3.574B	$3.663B	$3.774B	$1.712B	$1.249B	$1.158B	$1.092B	$1.091B	$1.070B	$1.001B	$919.9M	$764.1M	$540.9M	$158.0M	$60.30M
YoY Change	-4.59%	-5.35%	196.35%	-2.35%	-16.67%	-10.19%	-4.48%	-2.42%	-2.94%	120.41%	37.11%	7.83%	6.03%	0.13%	1.93%	6.85%	8.85%	20.39%	41.26%	242.34%	162.02%
Total Assets	$6.944B	$7.342B	$7.640B	$2.609B	$2.649B	$3.172B	$3.513B	$3.656B	$3.756B	$3.874B	$1.764B	$1.289B	$1.193B	$1.133B	$1.141B	$1.112B	$1.048B	$983.2M	$799.2M	$563.5M	$171.3M	$71.40M
YoY Change
Accounts Payable	$198.1M	$207.8M	$185.0M	$77.50M	$69.80M	$85.90M	$78.50M	$80.70M	$81.40M	$75.20M	$61.40M	$54.20M	$36.00M	$32.40M	$32.80M	$53.10M	$36.20M	$33.00M	$30.60M	$23.90M	$1.500M	$800.0K
YoY Change	-4.67%	12.33%	138.69%	11.03%	-18.74%	9.43%	-2.73%	-0.86%	8.24%	22.48%	13.28%	50.56%	11.11%	-1.22%	-38.23%	46.69%	9.7%	7.84%	28.03%	1493.33%	87.5%
Accrued Expenses	$68.93M	$67.17M	$70.24M	$26.50M	$27.00M
YoY Change	2.62%	-4.37%	165.05%	-1.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$198.1M	$275.0M	$255.2M	$104.0M	$96.80M	$85.90M	$78.50M	$80.70M	$81.40M	$75.20M	$61.40M	$54.20M	$36.00M	$32.40M	$32.80M	$53.10M	$36.40M	$33.00M	$30.60M	$24.70M	$12.40M	$3.500M
YoY Change	-27.96%	7.73%	145.4%	7.44%	12.69%	9.43%	-2.73%	-0.86%	8.24%	22.48%	13.28%	50.56%	11.11%	-1.22%	-38.23%	45.88%	10.3%	7.84%	23.89%	99.19%	254.29%
Long-Term Debt	$2.829B	$3.010B	$3.151B	$1.171B	$1.147B	$1.543B	$1.699B	$1.731B	$1.724B	$1.554B	$857.1M	$699.9M	$689.1M	$610.9M	$658.3M	$677.7M	$646.8M	$567.0M	$375.2M	$283.5M	$141.5M	$0.00
YoY Change	-6.02%	-4.46%	169.12%	2.11%	-25.7%	-9.17%	-1.84%	0.39%	10.94%	81.34%	22.46%	1.57%	12.8%	-7.2%	-2.86%	4.78%	14.07%	51.12%	32.35%	100.35%
Other Long-Term Liabilities	$272.9M	$230.9M	$251.2M	$59.10M	$63.20M	$83.60M	$96.60M	$112.2M	$131.6M	$217.6M	$44.30M	$20.30M	$12.60M	$15.40M	$19.80M	$24.60M	$26.00M	$30.00M	$25.30M	$28.60M	$9.300M	$2.000M
YoY Change	18.22%	-8.09%	325.01%	-6.49%	-24.4%	-13.46%	-13.9%	-14.74%	-39.52%	391.2%	118.23%	61.11%	-18.18%	-22.22%	-19.51%	-5.38%	-13.33%	18.58%	-11.54%	207.53%	365.0%
Total Long-Term Liabilities	$3.102B	$3.241B	$3.402B	$1.230B	$1.210B	$1.627B	$1.796B	$1.843B	$1.856B	$1.772B	$901.4M	$720.2M	$701.7M	$626.3M	$678.1M	$702.3M	$672.8M	$597.0M	$400.5M	$312.1M	$150.8M	$2.000M
YoY Change	-4.29%	-4.73%	176.61%	1.66%	-25.64%	-9.41%	-2.58%	-0.68%	4.75%	96.57%	25.16%	2.64%	12.04%	-7.64%	-3.45%	4.38%	12.7%	49.06%	28.32%	106.96%	7440.0%
Total Liabilities	$3.376B	$3.575B	$3.718B	$1.378B	$1.360B	$1.759B	$1.947B	$2.013B	$2.031B	$1.975B	$1.010B	$815.6M	$783.9M	$665.6M	$718.3M	$759.8M	$714.1M	$634.4M	$436.1M	$336.9M	$165.8M	$71.00M
YoY Change	-5.58%	-3.82%	169.8%	1.33%	-22.71%	-9.65%	-3.26%	-0.87%	2.79%	95.51%	23.88%	4.04%	17.77%	-7.34%	-5.46%	6.4%	12.56%	45.47%	29.44%	103.2%	133.52%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	219.3M shares	219.1M shares	110.6M shares	84.14M shares	83.93M shares	83.69M shares	83.59M shares	83.44M shares	83.42M shares	58.35M shares	23.54M shares
Diluted Shares Outstanding	219.7M shares	219.1M shares	110.6M shares	84.14M shares	83.93M shares	83.69M shares	83.69M shares	83.47M shares	83.53M shares	58.35M shares	23.54M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.8958 Billion

About Kite Realty Group Trust

Kite Realty Group Trust operates as a real estate investment trust. The company is headquartered in Indianapolis, Indiana and currently employs 229 full-time employees. The company went IPO on 2004-08-11. The Company, through its subsidiary, Kite Realty Group, L.P., is engaged in the ownership, operation, acquisition, development and redevelopment of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in Sun Belt and various markets in the United States. The firm collects contractual rents and reimbursement payments from tenants under existing lease agreements at each of its properties. The firm owns interests in approximately 180 operating retail properties totaling approximately 28.1 million square feet and one office property with 0.3 million square feet. Of the 180 operating retail properties, 10 contain an office component. The firm also owns two development projects under construction as of this date. The Company’s subsidiary is Kite Realty Group, L.P.

Industry: Real Estate Investment Trusts Peers: Agree Realty Corp Brixmor Property Group Inc SPIRIT REALTY CAPITAL, INC. NNN REIT Inc Site Centers Corp Federal Realty Investment Trust Macerich Co Retail Opportunity Investments Corp Phillips Edison & Co Inc Realty Income Corp