Kite Realty Group Trust Reports Q4 EPS of $0.11 vs. $0.11

Kite Realty Group Trust (NYSE: KRG):

For the three months ended December 31, 2010, funds from operations (FFO), a widely accepted supplemental measure of REIT performance established by the National Association of Real Estate Investment Trusts, was $7.8 million, or $0.11 per diluted share, for the Kite Portfolio compared to $8.7 million, or $0.12 per diluted share, for the same period in the prior year.

The Company's allocable share of FFO was $7.0 million for the three months ended December 31, 2010 compared to $8.0 million for the same period in 2009.

The Company's total revenue for the fourth quarter of 2010 was $25.9 million, down from $29.3 million for the same period in 2009.

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