Kite takes quarterly loss, matches FFO expectations
The Indianapolis-based real estate investment trust on Thursday posted revenue of $89.1 million in the period, up from $87.1 million last year.
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Duke Realty exceeds expectations with third quarter results
The Indianapolis-based real estate investment trust topped analyst predictions for revenue and funds from operations.
Judge limits expert testimony in Simon Property antitrust suit
The Indianapolis-based mall developer faces accusations that it used its massive influence to pressure retailers to sign leases at its mall in Mishawaka instead of in a competitor’s property.
Activist asks Simon Property competitor to consider sale
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
High-end office park on north side sells for $162.9M
A partnership involving a local firm has acquired the eight-building complex from Duke Realty Corp., and is planning an amenity center for dining, fitness, conferences and workplace collaboration.
Kite Realty tops Wall Street expectations in 2nd quarter
Kite Realty Group Trust lost money in the second quarter but beat analyst expectations when it came to revenue and funds from operations.
Duke Realty meets analyst predictions with quarterly results
Duke Realty Corp. on Wednesday reported a smaller profit on slightly more revenue in the second quarter, along with key performance results that met analyst expectations.
Movie theater, bowling combo proposed for Carmel
Frank Theatres CineBowl & Grille would include 16 lanes of bowling, 10 auditoriums, a video gaming area, and a restaurant featuring indoor and outdoor seating.
After report of Kite deal, CEO of Glimcher resigns
Retail real estate firm WP Glimcher denied last week that it was in talks to merge with Indianapolis-bases Kite Realty Group Trust. Now its CEO is gone, and directors are reevaluating its portfolio.
Indiana gains ground in Fortune 500 amid shuffle among elite
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
Ohio retail owner denies merger discussions with Kite Realty
Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.
With spotlight looming, REITs stressing investor education
Real estate investment trusts like Indianapolis-based Simon Property Group are preparing for a surge of attention as they get their own grouping in major U.S. stock indexes. Their first task: educating investors who have no idea how to evaluate the industry.
Retail REITs feeling shopping mall pain, except for Simon
Unlike some of its peers, Indianapolis-based Simon Property Group continues to attract star tenants such as Nike and Apple, command higher rents, and get attractive financing terms.
Kite Realty first-quarter results top analyst forecasts
Indianapolis-based Kite Realty Group Trust on Thursday reported funds from operations and revenue that beat the predictions of analysts.
Duke Realty sees quarterly profit shrink on lower revenue
Duke Realty Corp. on Wednesday reported a smaller profit on less revenue in the first quarter, but its results still met or exceeded analyst expectations.
Simon raises outlook on strong first-quarter earnings
The nation’s largest mall owner said funds from operations, a key measure of profitability, increased 15.4 percent in the first quarter while tenant rents grew.
Simon agrees to buy $1.1B mall in Las Vegas
The pending deal would help the Indianapolis-based real estate firm solidify its retail holdings in the tourism mecca.
Simon reports lower quarterly profit, higher revenue
Despite reporting lower profit in the fourth quarter, the nation’s largest mall owner still posted strong results for the full year.
Longtime Duke Realty CEO Oklak stepping down
The Indianapolis-based real estate investment trust said Dennis D. Oklak will retire at the end of the year as part of a succession plan and be replaced by the company’s chief operating officer.
Kite Realty reports profit, bumps up earnings outlook
The Indianapolis-based real estate company said it had funds from operations of $43.9 million in the period, slightly beating Wall Street expectations.