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Locally based Kite Realty Group Trust will report its third quarter earnings after the stock market closes this afternoon.
The developer has seen its shares flounder as investors predict a slow holiday shopping season will hurt retail real estate firms. Shares dropped as low as $4.21 in recent weeks but fetched more than $6 this morning.
Kite officials say the company’s move in October to sell nearly 5 million new shares and raise about $48 million puts it on firm financial footing.
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