EXHIBIT 99.2

QUARTERLY FINANCIAL SUPPLEMENT

MARCH 31, 2012

KITE REALTY GROUP TRUST

INVESTOR RELATIONS CONTACTS:

Dan Sink, Chief Financial Officer

Dave Buell, Financial Reporting Manager

30 S. MERIDIAN STREET • INDIANAPOLIS, INDIANA 46204 • 317.577.5600 • KITEREALTY.COM

SUPPLEMENTAL INFORMATION – MARCH 31, 2012

PAGE NO.	TABLE OF CONTENTS
3	Corporate Profile
4	Contact Information
5	Important Notes
6	Corporate Structure Chart
7	Consolidated Balance Sheets
8	Consolidated Statements of Operations for the Three Months Ended March 31
9	Funds from Operations and Other Financial Information for the Three Months Ended March 31
10	Market Capitalization
10	Ratio of Debt to Total Undepreciated Assets as of March 31, 2012
11	Same Property Net Operating Income for the Three Months Ended March 31
12	Net Operating Income by Quarter
13	Summary of Outstanding Debt as of March 31
14	Schedule of Outstanding Debt as of March 31
17	Joint Venture Summary – Unconsolidated Properties
18	Condensed Combined Balance Sheets of Unconsolidated Properties
19	Condensed Combined Statements of Operations of Unconsolidated Properties for the Three Months Ended March 31
20	Top 10 Retail Tenants by Gross Leasable Area
21	Top 25 Tenants by Annualized Base Rent
22	Lease Expirations – Operating Portfolio
23	Lease Expirations – Retail Anchor Tenants
24	Lease Expirations – Retail Shops
25	Lease Expirations – Commercial Tenants
26	Summary Retail Portfolio Statistics Including Joint Venture Properties
27	Summary Commercial Portfolio Statistics
28	In-Process Development / Redevelopment Projects
29	Future Development / Redevelopment Projects
30	Geographic Diversification – Operating Portfolio
31	Operating Retail Properties
35	Operating Commercial Properties
36	Retail Operating Portfolio – Tenant Breakdown

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                                       Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CORPORATE PROFILE

General Description

Kite Realty Group Trust is a full-service, vertically integrated real estate company engaged primarily in the development, construction, acquisition, ownership and operation of high-quality neighborhood and community shopping centers in selected markets in the United States. We are organized as a real estate investment trust ("REIT") for federal income tax purposes. As of March 31, 2012, we owned interests in 62 properties totaling approximately 8.7 million square feet and an additional 0.6 million square feet in three properties currently under in-process development.

Our strategy is to maximize the cash flow of our operating properties, successfully complete the construction and lease-up of our development portfolio and identify additional growth opportunities in the form of new developments and acquisitions. New investments are focused in the shopping center sector, although we may selectively pursue commercial development or acquisition opportunities in markets where we currently operate and where we believe we can leverage existing infrastructure and relationships to generate attractive risk-adjusted returns.

Company Highlights as of March 31, 2012

·	Operating Retail Properties	53
·	Operating Commercial Properties	4
·	Total Properties Under Redevelopment	5
	Total Operating and Redevelopment Properties	62
·	Total Properties Under In-Process Development	3
·	States	9
·	Total GLA/NRA of 57 Operating Properties	8,693,672
·	Owned GLA/NRA of 57 Operating Properties	5,977,031
·	Projected Owned GLA of In-Process Development and Redevelopment Projects	625,186
·	Percentage of Owned GLA/NRA Leased – Total Portfolio	93.4 %
·	Percentage of Owned GLA Leased – Retail Operating	93.4%
·	Percentage of Owned NRA Leased – Commercial Operating	93.4%
·	Total Full-Time Employees	77

Stock Listing:New York Stock Exchange symbol: KRG

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CONTACT INFORMATION

Corporate Office

30 South Meridian Street, Suite 1100

Indianapolis, IN 46204

(888) 577-5600

(317) 577-5600

www.kiterealty.com

Investor Relations Contacts:	Analyst Coverage:	Analyst Coverage:
Dan Sink, Chief Financial Officer	BMO Capital Markets	Raymond James
Kite Realty Group Trust	Mr. Paul E. Adornato, CFA	Mr. Paul Puryear/Mr. R. J. Milligan
30 South Meridian Street, Suite 1100	(212) 885-4170	(727) 567-2253/(727) 567-2660
Indianapolis, IN 46204	paul.adornato@bmo.com	paul.puryear@raymondjames.com
(317) 577-5609		Richard.milligan@raymondjames.com
dsink@kiterealty.com	Citigroup Global Markets
	Mr. Michael Bilerman/Mr. Quentin Velleley	RBC Capital Markets
Dave Buell, Financial Reporting Manager	(212) 816-1383/(212) 816-6981	Mr. Rich Moore/Mr. Wes Golladay
Kite Realty Group Trust	michael.bilerman@citigroup.com	(440) 715-2646/(440) 715-2650
30 South Meridian Street, Suite 1100	Quentin.velleley@citi.com	rich.moore@rbccm.com
Indianapolis, IN 46204		wes.golladay@rbccm.com
(317) 713-5647	Hilliard Lyons
dbuell@kiterealty.com	Ms. Carol L. Kemple	Stifel, Nicolaus & Company, Inc.
	(502) 588-1839	Mr. Nathan Isbee
Transfer Agent:	Ckemple@hilliard.com	(443) 224-1346
		nisbee@stifel.com
Broadridge	KeyBanc Capital Markets
Mr. Jason Fantry	Mr. Jordan Sadler/Mr. Todd Thomas	Wells Fargo Securities, LLC
51 Mercedes Way	(917) 368-2280/(917) 368-2286	Mr. Jeffrey J. Donnelly, CFA
Edgewood, NY 11717	tthomas@keybanccm.com	(617) 603-4262
(631) 274-2625	jsadler@keybanccm.com	jeff.donnelly@wachovia.com
Stock Specialist:
Barclays Capital
45 Broadway
20th Floor
New York, NY 10006
(646) 333-7000

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

IMPORTANT NOTES

Interim Information

This Quarterly Financial Supplement contains historical information of Kite Realty Group Trust (“the Company” or “KRG”) and is intended to supplement the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2012 to be filed on or about May 9, 2012, which should be read in conjunction with this supplement. The supplemental information is unaudited, although it reflects all adjustments which, in the opinion of management, are necessary for a fair presentation of operating results for the interim periods.

Forward-Looking Statements

This supplemental information package 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 current recession;

·   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;

·   other factors affecting the real estate industry generally; and

·   other risks identified in reports the Company files with the Securities and Exchange Commission (“the SEC”) or in other documents that it publicly disseminates, including, in particular, the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2011, and in our quarterly reports on Form 10-Q.

The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Funds from Operations

Funds from Operations (FFO) is a widely used performance measure for real estate companies and is provided here as a supplemental measure of operating performance. We calculate FFO in accordance with the best practices described in the April 2002 National Policy Bulletin of the National Association of Real Estate Investment Trusts (NAREIT), which we refer to as the White Paper. The White Paper defines FFO as net income (determined in accordance with generally accepted accounting principles (GAAP)), excluding gains (or losses) from sales and impairments of depreciated property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures.

Considering the nature of our business as a real estate owner and operator, we believe that FFO is helpful to investors in measuring our operational performance because it excludes various items included in net income that do not relate to or are not indicative of our operating performance, such as gains or losses from sales of depreciated property and depreciation and amortization, which can make periodic and peer analyses of operating performance more difficult. For informational purposes, we have also provided FFO adjusted for a litigation charge in the first quarter of 2012.  We believe this supplemental information provides a meaningful measure of our operating performance.  We believe our presentation of adjusted FFO provides investors with another financial measure that may facilitate comparison of operating performance between periods and among our peer companies.  FFO should not be considered as an alternative to net income (determined in accordance with GAAP) as an indicator of our financial performance, is not an alternative to cash flow from operating activities (determined in accordance with GAAP) as a measure of our liquidity, and is not indicative of funds available to satisfy our cash needs, including our ability to make distributions. Our computation of FFO may not be comparable to FFO reported by other REITs that do not define the term in accordance with the current NAREIT definition or that interpret the current NAREIT definition differently than we do.

Net Operating Income

Net operating income (NOI) is provided here as a supplemental measure of operating performance. NOI is defined as property revenues less property operating expenses, excluding depreciation and amortization, interest expense, impairment, and other items. We believe this presentation of NOI is helpful to investors as a measure of our operational performance because it is widely used in the real estate industry to measure the performance of real estate assets without regard to various items, included in net income, that do not relate to or are not indicative of operating performance, such as depreciation and amortization, which can vary depending upon accounting methods and book value of assets. We also believe NOI helps our investors to meaningfully compare the results of our operating performance from period to period by removing the impact of our capital structure (primarily interest expense on our outstanding indebtedness) and depreciation of the basis in our assets from our operating results. NOI should not, however, be considered as an alternative to net income (determined in accordance with GAAP) as an indicator of our financial performance.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CORPORATE STRUCTURE CHART – MARCH 31, 2012

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	March 31, 2012			December 31, 2011
Assets:
Investment properties, at cost:
Land	$	235,498,319		$	238,129,092
Land held for development		36,977,501			36,977,501
Buildings and improvements		845,504,016			845,173,680
Furniture, equipment and other		4,694,678			5,474,403
Construction in progress		137,905,366			147,973,380
		1,260,579,880			1,273,728,056
Less: accumulated depreciation		(184,132,595	)		(178,006,632	)
		1,076,447,285			1,095,721,424
Cash and cash equivalents		15,567,494			10,042,450
Tenant receivables, including accrued straight-line rent of $11,407,396 and $11,398,347, respectively, net of allowance for uncollectible accounts		19,405,296			20,413,671
Other receivables		3,017,991			2,978,225
Investments in unconsolidated entities, at equity		21,899,913			21,646,443
Escrow deposits		8,662,836			9,424,986
Deferred costs, net		30,567,339			31,079,129
Prepaid and other assets		2,144,204			1,959,790
Total Assets	$	1,177,712,358		$	1,193,266,118
Liabilities and Equity:
Mortgage and other indebtedness	$	646,405,137		$	689,122,933
Accounts payable and accrued expenses		35,712,817			36,048,324
Deferred revenue and other liabilities, including below-market in-place lease liability of $8,183,021, and $8,637,607, respectively		12,025,878			12,636,228
Total Liabilities		694,143,832			737,807,485
Commitments and contingencies
Redeemable noncontrolling interests in the Operating Partnership		41,066,685			41,836,613
Equity:
Kite Realty Group Trust Shareholders’ Equity:
Preferred Shares, $.01 par value, 40,000,000 shares authorized, 4,100,000 shares and 2,800,000 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively		102,500,000			70,000,000
Common Shares, $.01 par value, 200,000,000 shares authorized 63,946,703 shares and 63,617,019 shares issued and outstanding, respectively		639,467			636,170
Additional paid in capital		449,392,926			449,763,528
Accumulated other comprehensive loss		(1,439,098	)		(1,524,095	)
Accumulated deficit		(113,374,752	)		(109,504,068	)
Total Kite Realty Group Trust Shareholders’ Equity		437,718,543			409,371,535
Noncontrolling Interests		4,783,298			4,250,485
Total Equity		442,501,841			413,662,020
Total Liabilities and Equity	$	1,177,712,358		$	1,193,266,118

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CONSOLIDATED STATEMENTS OF OPERATIONS – THREE MONTHS (UNAUDITED)

	Three Months Ended March 31,
	2012			2011
Revenue:
Minimum rent	$	19,692,138		$	17,802,124
Tenant reimbursements		5,437,829			5,090,031
Other property related revenue		1,224,624			888,532
Construction and service fee revenue		43,403			10,038
Total revenue		26,397,994			23,790,725
Expenses:
Property operating		4,667,283			4,806,268
Real estate taxes		3,788,470			3,265,453
Cost of construction and services		92,348			49,913
General, administrative and other		1,823,720			1,847,878
Litigation charge		1,289,446			—
Depreciation and amortization		9,728,392			9,000,842
Total expenses		21,389,659			18,970,354
Operating income		5,008,335			4,820,371
Interest expense		(6,604,828	)		(5,641,162	)
Income tax (expense)/benefit of taxable REIT subsidiary		(37,564	)		16,073
Loss from unconsolidated entities		(11,529	)		(87,625	)
Other income		38,128			49,038
Loss from continuing operations		(1,607,458	)		(843,305	)
Discontinued operations:
Income from operations		99,228			65,994
Gain on sale of operating property		5,151,989			—
Income from discontinued operations		5,251,217			65,994
Consolidated net income (loss)		3,643,759			(777,311	)
Net (income) loss attributable to noncontrolling interests		(2,097,020	)		70,494
Net income (loss) attributable to Kite Realty Group Trust		1,546,739			(706,817	)
Dividends on preferred shares		(1,577,813	)		(1,443,750	)
Net loss attributable to common shareholders	$	(31,074	)	$	(2,150,567	)
Net income (loss) per common share attributable to Kite Realty Group Trust common shareholders – basic and diluted:
Loss from continuing operations attributable to common shareholders	$	(0.04	)	$	(0.03	)
Income from discontinued operations attributable to common shareholders		0.04			0.00
Net loss attributable to common shareholders	$	(0.00	)	$	(0.03	)
Weighted average common shares outstanding – basic and diluted		63,713,893			63,448,048
Dividends declared per common share	$	0.06		$	0.06
Loss attributable to Kite Realty Group Trust common shareholders:
Loss from continuing operations	$	(2,852,020	)	$	(2,209,321	)
Income from discontinued operations		2,820,946			58,754
Net loss attributable to Kite Realty Group Trust common shareholders	$	(31,074	)	$	(2,150,567	)

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

FUNDS FROM OPERATIONS AND OTHER FINANCIAL INFORMATION – THREE MONTHS

	Three Months Ended March 31,
	2012			2011
Consolidated net income (loss)	$	3,643,759		$	(777,311	)
Less dividends on preferred shares		(1,577,813	)		(1,443,750	)
Less net income attributable to noncontrolling interests in properties		(26,770	)		(16,586	)
Less gain on sale of operating property		(5,151,989	)		—
Add depreciation and amortization, net of noncontrolling interests		9,717,308			9,097,586
Funds From Operations of the Kite Portfolio1		6,604,495			6,859,939
Less redeemable noncontrolling interests in Funds From Operations		(726,494	)		(754,593	)
Funds From Operations allocable to the Company1	$	5,878,001		$	6,105,346
Basic and Diluted FFO per share of the Kite Portfolio	$	0.09		$	0.10
Funds From Operations of the Kite Portfolio	$	6,604,495		$	6,859,939
Add back: litigation charge		1,289,446			—
Funds From Operations of the Kite Portfolio, as adjusted	$	7,893,941		$	6,859,939
Basic and Diluted FFO per share of the Kite Portfolio, as adjusted	$	0.11		$	0.10
Basic weighted average Common Shares outstanding		63,713,893			63,448,048
Diluted weighted average Common Shares outstanding		64,053,794			63,763,668
Basic weighted average Common Shares and Units outstanding		71,553,941			71,303,746
Diluted weighted average Common Shares and Units outstanding		71,893,841			71,619,366
Other Financial Information:
Capital expenditures2
Tenant improvements – Retail	$	632,000		$	764,792
Tenant improvements – Commercial		—			—
Leasing commissions – Retail		236,580			159,579
Leasing commissions – Commercial		—			—
Capital improvements3		197,850			102,439
Scheduled debt principal payments		1,784,246			1,191,722
Straight line rent – total		722,641			433,284
– term of lease		147,685
– pre-cash rent period – operating properties		477,396
– pre-cash rent period – dev/redev properties		97,560
Market rent amortization income from acquired leases		435,144			632,535
Market debt adjustment		107,714			107,714
Non-cash compensation expense		207,063			207,213
Capitalized interest		1,902,442			2,142,262
Mark to market lease amount in Deferred revenue and other liabilities on condensed consolidated balance sheet		8,183,021			9,447,455
Acreage of undeveloped, peripheral land in the operating portfolio4		33.6			41.2
Mid-quarter rent commencement not recognized in income statement (annualized)5	$	140,984

____________________
1	“Funds From Operations of the Operating Partnership” measures 100% of the operating performance of the Operating Partnership’s real estate properties and construction and service subsidiaries in which the Company owns an interest. “Funds From Operations allocable to the Company” reflects a reduction for the redeemable noncontrolling weighted average diluted interest in the Operating Partnership.
2	Excludes tenant improvements and leasing commissions relating to development and redevelopment projects and first-generation space.
3	A portion of these capital improvements are reimbursed by tenants and are revenue producing.
4	Not reflected in construction in progress and land held for development (book value $7.1 million at March 31, 2012).
5	Reflects impact for full quarter for operating property tenants commencing cash rent in the quarter offset by terminated tenants.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

MARKET CAPITALIZATIONAS OF MARCH 31, 2012

						Total			Percent of
		Percent of				Market			Total Market
		Total Equity				Capitalization			Capitalization
Equity Capitalization:
Total Common Shares Outstanding		89.1			%		63,946,703
Operating Partnership ("OP") Units Outstanding		10.9			%		7,835,498
Combined Common Shares and OP Units		100.0			%		71,782,201
Market Price of Common Shares at March 31, 2012						$	5.27
Series A Preferred Shares							102,500,000
Total Equity Capitalization							480,792,199		44	%
Debt Capitalization:
Company Consolidated Outstanding Debt							646,405,137
Less: Partner Share of Consolidated Joint Venture Debt							(16,140,251	)
Company Share of Outstanding Debt							630,264,886
Pro-rata Share of Unconsolidated Joint Venture Debt							5,776,000
Less: Cash and Cash Equivalents (Consolidated and Pro-rata share of unconsolidated Joint Venture cash)							(16,191,813	)
Total Net Debt Capitalization							619,849,073		56	%
Total Market Capitalization as of March 31, 2012						$	1,100,641,272		100	%
RATIO OF DEBT TO TOTAL UNDEPRECIATED ASSETS AS OF MARCH31, 2012
Consolidated Undepreciated Real Estate Assets						$	1,260,579,880
Company Share of Unconsolidated Real Estate Assets							24,910,334
Escrow and Other Deposits							8,662,836
						$	1,294,153,050
Total Consolidated Debt						$	646,405,137
Company Share of Joint Venture Debt							5,776,000
Less: Cash, including unconsolidated							(16,191,813	)
						$	635,989,324
Ratio of Net Debt to Total Undepreciated Real Estate Assets							49.1	%
RATIO OF COMPANY SHARE OF DEBT TO EBITDA AS OF MARCH31, 2012
Company share of:
-  consolidated debt						$	630,264,886
-  unconsolidated debt							5,776,000
Less:  Cash							(16,191,813	)
							619,849,073
Q1 2012 EBITDA, annualized:
-  consolidated			$	64,104,692
-  pro forma adjustment1			1,555,160
-  minority interest EBITDA			(116,381		)		65,543,471
							9.46	x
1	Represents full year effect of adjustments for seasonality of percentage rent, annualization of mid-first quarter rent commencement, normalizing other property related revenue and transaction costs.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SAME PROPERTY NET OPERATING INCOME (NOI)

	Three Months Ended March 31,
	2012			2011			% Change
Number of properties at period end1		52			52
Leased percentage at period-end		93.1%			92.5%
Minimum rent	$	16,152,265		$	15,873,877
Tenant recoveries		4,233,286			4,398,449
Other income		681,125			492,118
		21,066,676			20,764,444
Property operating expenses		4,175,912			4,742,098
Real estate taxes		2,886,985			2,732,773
		7,062,897			7,474,871
Net operating income – same properties (52 properties)2		14,003,779			13,289,573		5.4	%
Reconciliation to Most Directly Comparable GAAP Measure:
Net operating income – same properties	$	14,003,779		$	13,289,573
Other income (expense), net		(12,457,040	)		(13,996,390	)
Less: dividends on preferred shares		(1,577,813	)		(1,443,750	)
Net loss attributable to common shareholders	$	(31,074	)	$	(2,150,567	)

____________________
1	Same Property analysis excludes Courthouse Shadows, Four Corner Square, The Centre and Bolton Plaza as the Company pursues redevelopment of these properties.
2	Same Property net operating income is considered a non-GAAP measure because it excludes net gains from outlot sales, write offs of straight-line rent and lease intangibles, bad debt expense and related recoveries, the litigation charge, lease termination fees and significant prior year expense recoveries and adjustments, if any.

The Company believes that Net Operating Income is helpful to investors as a measure of its operating performance because it excludes various items included in net income that do not relate to or are not indicative of its operating performance, such as depreciation and amortization, interest expense, and impairment, if any.  The Company believes that Same Property NOI is helpful to investors as a measure of its operating performance because it includes only the NOI of properties that have been owned for the full period presented, which eliminates disparities in net income due to the redevelopment, acquisition or disposition of properties during the particular period presented, and thus provides a more consistent metric for the comparison of the Company's properties.  NOI and Same Property NOI should not, however, be considered as alternatives to net income (calculated in accordance with GAAP) as indicators of the Company's financial performance.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

NET OPERATING INCOME BY QUARTER (NOI)

	Three Months Ended
	March 31, 2012			December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
Revenue:
Minimum rent	$	19,692,138		$	19,597,930		$	18,935,492		$	18,406,158		$	17,802,124
Tenant reimbursements		5,437,829			5,189,064			4,826,719			4,773,185			5,090,031
Other property related revenue		605,780			568,919			389,186			1,027,535			418,620
Parking revenue, net1		180,064			99,510			73,242			(32,470	)		63,355
		25,915,811			25,455,423			24,224,639			24,174,408			23,374,130
Expenses:
Property operating  – Recoverable2		3,532,055			3,448,266			3,370,784			3,156,555			3,950,988
Property operating – Non-Recoverable2		889,189			872,741			821,567			1,023,734			633,076
Real estate taxes		3,595,729			3,141,989			3,243,085			3,372,418			3,081,100
		8,016,973			7,462,996			7,435,436			7,552,707			7,665,164
Net Operating Income – Properties		17,898,838			17,992,427			16,789,203			16,621,701			15,708,966
Other Income (Expense):
Construction and service fee revenue		43,403			106,285			180,299			76,483			10,038
Cost of construction and services		(92,348	)		(9,092	)		(135,816	)		(114,254	)		(49,913	)
General, administrative, and other		(1,758,996	)		(1,619,726	)		(1,374,659	)		(1,413,918	)		(1,847,878	)
Transaction costs		(64,724	)		—			(27,640	)		(49,968	)		—
		(1,872,665	)		(1,522,533	)		(1,357,816	)		(1,501,657	)		(1,887,753	)
Earnings Before Interest, Taxes, Depreciation and Amortization		16,026,173			16,469,894			15,431,387			15,120,044			13,821,213
Litigation charge		(1,289,446	)		—			—			—			—
Depreciation and amortization		(9,728,392	)		(9,022,914	)		(8,619,762	)		(9,717,194	)		(9,000,842	)
Interest expense		(6,604,828	)		(6,813,811	)		(6,302,911	)		(5,577,964	)		(5,641,162	)
Income tax (expense) benefit of taxable REIT subsidiary		(37,564	)		74,022			(119,561	)		30,760			16,073
(Loss) income from unconsolidated entities		(11,529	)		89,181			239,852			92,220			(87,625	)
Gain on sale of unconsolidated property, net		—			4,320,155			—			—			—
Other income		38,128			25,410			40,839			93,582			49,038
(Loss) income from continuing operations		(1,607,458	)		5,141,937			669,844			41,448			(843,305	)
Discontinued operations:
Operating income from discontinued operations		99,228			171,718			72,391			62,620			65,994
Gain (loss) on sale of operating property4, 5		5,151,989			(397,909	)		—			—			—
Income (loss) from discontinued operations		5,251,217			(226,191	)		72,391			62,620			65,994
Net income (loss)		3,643,759			4,915,746			742,235			104,068			(777,311	)
Net (income) loss attributable to noncontrolling interest		(2,097,020	)		(414,434	)		57,931			282,545			70,494
Net income (loss) attributable to Kite Realty Group Trust		1,546,739			4,501,312			800,166			386,613			(706,817	)
Dividends on preferred shares		(1,577,813	)		(1,443,750	)		(1,443,750	)		(1,443,750	)		(1,443,750	)
Net (loss) income attributable to common shareholders	$	(31,074	)	$	3,057,562		$	(643,584	)	$	(1,057,137	)	$	(2,150,567	)
NOI/Revenue		69.1%			70.7%			69.3%			68.8%			67.2%
Recovery Ratio3
– Retail Only		84.9%			87.3%			80.9%			82.3%			83.0%
– Total Portfolio		76.3%			78.7%			73.0%			73.1%			72.4%

____________________
1	Parking revenue, net, represents the net operating results of the Eddy Street Parking Garage and the Union Station Parking Garage.
2	Recoverable expenses include total management fee expense (or G&A expense of $0.6 million) allocable to the property operations in the three months ended March 31, 2012, a portion of which is recoverable. Non-recoverable expenses primarily include bad debt and legal expenses.
3	“Recovery Ratio” is computed by dividing tenant reimbursements by the sum of recoverable property operating expense and real estate tax expense.
4	In February 2012, the Company sold its Gateway Shopping Center property.  The operating results have been reclassified to discontinued operations for each period presented.
5	In December 2011, the Company sold its Martinsville Shops property. The operating results of this property were not material.

p.  12                                         

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SUMMARY OF OUTSTANDING DEBT AS OF MARCH 31, 2012

TOTAL OUTSTANDING DEBT
	Outstanding Amount			Ratio			Weighted Average Interest Rate1			Weighted Average Maturity (in years)
Fixed Rate Debt
Consolidated	$	349,567,844			53	%		5.76	%		5.5
Floating Rate Debt (Hedged)		29,543,234			5	%		5.45	%		4.8
Total Fixed Rate Debt		379,111,078			58	%		5.73	%		5.4
Variable Rate Debt:
Construction Loans		91,438,172			14	%		3.56	%		2.0
Other Variable		205,320,283			32	%		3.33	%		3.0
Floating Rate Debt (Hedged)		(29,543,234	)		-5	%		-3.39	%		-4.8
Unconsolidated		5,776,000			1	%		2.99	%		1.4
Total Variable Rate Debt		272,991,221			42	%		3.40	%		2.5
Net Premiums on Fixed Rate Debt		78,838			N/A			N/A			N/A
Total	$	652,181,137			100	%		4.76	%		4.2

SCHEDULE OF MATURITIES BY YEAR
	Mortgage Debt						Construction Debt		Total Consolidated Outstanding Debt		KRG Share of UnconsolidatedMortgage Debt		Total Consolidated and Unconsolidated Debt
	Scheduled Principal Payments		Term Maturities		Corporate Debt2
2012	$	3,962,771	$	10,669,537	$	-	$	-	$	14,632,308	$	-	$	14,632,308
2013		5,483,183		34,515,432		-		56,533,434		96,532,049		5,776,000		102,308,049
2014		5,300,844		38,011,510		-		9,284,736		52,597,090		-		52,597,090
2015		5,112,791		38,301,942		129,686,200		1,085,392		174,186,325		-		174,186,325
2016		4,312,359		124,824,112		-		24,534,610		153,671,081		-		153,671,081
2017		2,675,493		52,489,098		-		-		55,164,591		-		55,164,591
2018		2,513,756		4,253,650		-		-		6,767,406		-		6,767,406
2019 and Beyond		6,327,931		86,447,518		-		-		92,775,449		-		92,775,449
Net Premiums on Fixed Rate Debt		78,838		-		-		-		78,838		-		78,838
Total	$	35,767,966	$	389,512,799	$	$129,686,200	$	91,438,172	$	646,405,137	$	5,776,000	$	652,181,137

____________________
1	Calculations on Hedged Debt assume a weighted average spread over LIBOR on all variable rate debt, consistent with the hedges’ designation.
2	Corporate debt represents the Company’s revolving line of credit.This presentation reflects the Company’s exercise of  its option to extend  the maturity date by one year to June 6, 2015. Subsequent to the end of the quarter, the Company amended the line of credit extending the maturity date to April 30, 2016 with an option to further extend the maturity date to April 30, 2017.

p.  13                                  

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SUMMARY OF OUTSTANDING DEBT AS OF MARCH 31, 2012

CONSOLIDATED DEBT
Fixed Rate Debt				Interest Rate		Maturity Date	Balance as of March 31, 2012		Monthly Debt Service as of March 31, 2012
50th & 12th				5.67	%	11/11/14	$	4,190,115	$	27,190
Bayport Commons1				5.44	%	9/1/21		13,027,956		74,045
The Centre at Panola, Phase I				6.78	%	1/1/22		3,202,956		36,583
Cool Creek Commons				5.88	%	4/11/16		17,349,216		106,534
Eddy Street Commons				5.44	%	9/1/21		25,311,457		143,860
Four Property Pool Loan				5.44	%	9/1/21		43,079,108		244,843
Fox Lake Crossing5				5.16	%	7/1/12		10,734,084		68,603
Geist Pavilion				5.78	%	1/1/17		11,101,856		65,135
Indian River Square				5.42	%	6/11/15		12,805,113		74,850
International Speedway Square				5.77	%	4/1/21		20,771,109		122,817
Kedron Village				5.70	%	1/11/17		29,637,270		172,379
Pine Ridge Crossing				6.34	%	10/11/16		17,423,883		108,823
Plaza Volente				5.42	%	6/11/15		27,612,830		161,405
Preston Commons				5.90	%	3/11/13		4,112,393		28,174
Riverchase Plaza				6.34	%	10/11/16		10,454,330		65,294
Sunland Towne Centre				6.01	%	7/1/16		24,814,848		150,048
30 South				6.09	%	1/11/14		20,795,482		142,257
Traders Point				5.86	%	10/11/16		45,610,935		283,478
Whitehall Pike				6.71	%	7/5/18		7,532,903		77,436
Subtotal							$	349,567,844	$	$2,153,754
TOTAL NET PREMIUMS ON FIXED RATE DEBT							$	78,838
Floating Rate Debt (Hedged)				LIBOR Hedge Rate		Maturity Date	Balance as of March 31, 2012		Monthly Debt Service as of March 31, 2012
Associated Bank				1.35	%	12/31/16	$	15,100,000	$	16,954
TD Bank				3.31	%	1/3/17		14,443,234		39,839
Subtotal								29,543,234		56,794
TOTAL CONSOLIDATED FIXED RATE DEBT							$	379,111,078	$	2,210,548
Variable Rate Debt: Mortgages			Lender	Interest Rate2		Maturity Date	Balance as of March 31, 2012
951 & 41			KeyBank	LIBOR+300		9/22/13	$	7,800,000
Beacon Hill3			Fifth Third Bank	LIBOR+125		3/30/14		7,174,950
Eastgate Pavilion			Associated Bank	LIBOR+225		12/31/16		16,720,500
Estero Town Commons5			Wells Fargo	LIBOR+325		1/15/13		10,500,000
Fishers Station4			Old National Bank	LIBOR+340		6/30/14		3,598,968
Indiana State Motor Pool			Old National Bank	LIBOR+325		2/4/14		3,263,375
Ridge Plaza			TD Bank	LIBOR+325		1/3/17		14,388,348
Tarpon Springs Plaza5			Wells Fargo	LIBOR+325		1/15/13		12,187,942
Subtotal							$	75,634,083
	____________________
	1	The Company has a preferred return, then a 60% interest. This loan is severally guaranteed by Kite Realty Group, LP.
	2	At March 31, 2012, one-month LIBOR was 0.24%.
	3	The Company has a preferred return, then a 50% interest.  The loan is guaranteed by Kite Realty Group, LP.
	4	The Company has a 25% interest in this property.  The loan is guaranteed by Kite Realty Group, LP, the operating partnership. In addition, the Company has a $4.3 million revolving line of credit that is secured by this property. This revolver has a maturity date of June 30, 2013 at an interest rate of LIBOR+305. There are no amounts outstanding under this line of credit as of March 31, 2012.
	5	Subsequent to quarter end, this debt was retired through the use of proceeds from a $115 million term loan and the underlying properties were added to the unencumbered pool.

p.  14                            

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SCHEDULE OF OUTSTANDING DEBT AS OF MARCH 31, 2012 (CONTINUED)

Variable Rate Debt: Construction Loans	Lender	Interest Rate1	Maturity Date	Total Commitment		Balance as of March 31, 2012
Bridgewater Marketplace2	Indiana Bank And Trust	LIBOR + 185	6/29/13	$	7,000,000	$	7,000,000
Cobblestone Plaza6	Wells Fargo	LIBOR + 350	2/12/13		34,000,000		34,000,000
Delray Marketplace3	Bank of America/US Bank	LIBOR + 200	11/18/14		62,000,000		9,284,736
Rivers Edge6	Huntington Bank	LIBOR + 325	1/15/16		25,500,000		24,534,610
South Elgin Commons	Charter One Bank	LIBOR + 325	9/30/13		16,500,000		15,533,434
Zionsville Walgreens	Associated Bank	LIBOR + 225	6/30/15		4,704,000		1,085,392
Subtotal				$	149,704,000	$	91,438,172
Corporate Debt	Lender	Interest Rate1	Maturity Date			Balance as of March 31, 2012
Unsecured Credit Facility4,7	KeyBank (Admin. Agent)	LIBOR + 325	6/6/15			$	129,686,200
Floating Rate Debt (Hedged)5		Various	Various				(29,543,234)
TOTAL CONSOLIDATED VARIABLE RATE DEBT							267,215,221
TOTAL DEBT PER CONSOLIDATED BALANCE SHEET						$	646,405,137

____________________
1	At March 31, 2012, the one-month LIBOR interest rate was 0.24%.
2	The loan has a LIBOR floor of 3.15%.
3	The Company has a preferred return, then a 50% interest. This loan is guaranteed by Kite Realty Group, LP.
4	Assumes Company exercises its option to extend the maturity by one year. The Company has 48 unencumbered properties of which 44 are wholly owned and used as collateral under the unsecured credit facility and four of which are owned in joint ventures.   The major unencumbered properties include: Broadstone Station, The Centre, The Corner, Coral Springs Plaza, Courthouse Shadows, Four Corner Square, Glendale Town Center, King's Lake Square, Lithia Crossing, Market Street Village, Oleander Place, PEN Products, Plaza at Cedar Hill, Red Bank Commons, Shops at Eagle Creek, Traders Point II, Union Station Parking Garage, Wal-Mart Plaza and Waterford Lakes.
5	Calculations on Hedged Debt assume a weighted average spread over LIBOR on all variable rate debt, as the hedges are designated with various pieces of debt.
6	Subsequent to quarter end, this debt was retired through the use of proceeds from a $115 million term loan and the underlying properties were added to the unencumbered pool.
7	Subsequent to quarter end, the maturity date for the unsecured credit facility was extended to April 30, 2016 with an option to further extend the maturity date to April 30, 2017.

p.  15                

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SCHEDULE OF OUTSTANDING DEBT AS OF MARCH 31, 2012 (CONTINUED)

UNCONSOLIDATED DEBT
Variable Rate Debt - Construction Loans	Lender	Interest Rate1	Maturity Date	Total Commitment		Balance as of March 31, 2012
Parkside Town Commons2	Bank of America	LIBOR+275	8/31/13	$	14,440,000	$	14,440,000
Parkside Town Commons Joint Venture Partners' Share  – 60%							(8,664,000	)
KRG SHARE OF UNCONSOLIDATED DEBT						$	5,776,000
TOTAL KRG CONSOLIDATED DEBT							646,405,137
TOTAL KRG DEBT						$	652,181,137

____________________
1	At March 31, 2012, the one-month LIBOR interest rate was 0.24%.
2	The Company owns a 40% interest in Parkside Town Commons, which decreases to 20% at the commencement of construction.

p.  16

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

JOINT VENTURE SUMMARY - UNCONSOLIDATED PROPERTIES

During 2012, the Company owned the following unconsolidated properties with joint venture partners:

Property	Percentage Owned by the Company
Parkside Town Commons – Development Property1	40%

____________________
1	The Company's 40% interest in Parkside Town Commons will change to 20% upon commencement of construction.

p.  17

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CONDENSED COMBINED BALANCE SHEETSOF UNCONSOLIDATED PROPERTIES

(Parkside Town Commons)

(Unaudited)

	March 31, 2012		December 31, 2011
Assets:
Investment properties, at cost:
Construction in progress	$	62,275,834	$	62,108,456
		62,275,834		62,108,456
Less: accumulated depreciation		—		—
		62,275,834		62,108,456
Cash and cash equivalents		1,369,504		1,267,585
Other receivables		—		59,273
Escrow deposits		209,390		432,176
Total Assets	$	63,854,728	$	63,867,490
Liabilities and Shareholders’ Equity:
Mortgage and other indebtedness	$	14,440,000	$	14,440,000
Accounts payable and accrued expenses		834,918		742,475
Total Liabilities		15,274,918		15,182,475
Shareholders’ equity		48,579,810		48,685,015
Total Liabilities and Shareholders’ Equity	$	63,854,728	$	63,867,490
Company’s share of cash and cash equivalents	$	624,319	$	581,398
Company’s share of unconsolidated real estate assets	$	24,910,334	$	24,843,382
Company’s share of mortgage and other indebtedness	$	5,776,000	$	5,776,000

p.  18

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

CONDENSED COMBINED STATEMENTS OF OPERATIONS OF UNCONSOLIDATED PROPERTIES

(Eddy Street Commons Limited Service Hotel and Parkside Town Commons)1,2

(Unaudited)

	Three Months Ended March 31,
	2012		2011
Revenue:
Minimum rent	$	—	$	—
Tenant reimbursements		—		—
Other property related revenue		—		674,034
Total revenue		—		674,034
Expenses:
Property operating		—		476,374
Real estate taxes		—		87,501
Other expense		—		18,830
Total expenses		—		582,705
Net operating income		—		91,329
Depreciation and amortization		—		(166,400	)
Interest expense		—		(100,179	)
Net loss	$	—	$	(175,250	)
Company’s share of unconsolidated net operating income	$	—	$	45,665
Company’s share of unconsolidated interest expense	$	—	$	(50,090	)

____________________
1	Parkside Town Commons is not yet operational.
2	The Company sold the hotel in November 2011.

p.  19

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

TOP 10 RETAIL TENANTS BY GROSS LEASABLE AREA (GLA)

As of March 31, 2012

This table includes the following:

·   Operating retail properties;

·   Operating commercial properties; and

·   Development property tenants open for business or ground lease tenants who commenced paying rent as of March 31, 2012.

Tenant	Number of Locations	Total GLA	Number of Leases	Company Owned GLA1	Number of Anchor Owned Locations	Anchor Owned GLA2
Lowe's Home Improvement3	8	1,082,630	2	128,997	6	953,633
Target	6	665,732	0	0	6	665,732
Wal-Mart	4	618,161	1	103,161	3	515,000
Publix	6	289,779	6	289,779	0	0
Federated Department Stores	1	237,455	1	237,455	0	0
Bed Bath & Beyond/Buy Buy Baby	7	194,313	7	194,313	0	0
Dick's Sporting Goods	3	171,737	3	171,737	0	0
Ross Stores	5	142,761	5	142,761	0	0
Home Depot	1	140,000	0	0	1	140,000
Toys”R” Us	3	138,600	3	138,600	0	0
	44	3,681,168	28	1,406,803	16	2,274,365

____________________
1	Excludes the estimated size of the structures located on land owned by the Company and ground leased to tenants.
2	Includes the estimated size of the structures located on land owned by the Company and ground leased to tenants.
3	The Company has entered into one ground lease with Lowe’s Home Improvement for a total of 163,000 square feet, which is included in Anchor Owned GLA.

p.  20

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

TOP 25 TENANTS BY ANNUALIZED BASE RENT1,2

As of March 31, 2012

This table includes the following:

·   Operating retail properties;

·   Operating commercial properties; and

·   Development property tenants open for business or ground lease tenants who commenced paying rent as of March 31, 2012.

Tenant	Type of Property	Number of Locations	Leased GLA/NRA2	% of Owned GLA/NRA of the Portfolio	Annualized Base Rent1		Annualized Base Rent per Sq. Ft.3		% of Total Portfolio Annualized Base Rent
Publix	Retail	6	289,779	4.9%	$	2,366,871	$	8.17	3.0%
Bed Bath & Beyond / Buy Buy Baby	Retail	7	194,313	3.3%		2,127,622		10.95	2.7%
Lowe's Home Improvement	Retail	2	128,997	2.2%		1,764,000		6.04	2.2%
Toys “R” Us	Retail	3	138,600	2.3%		1,762,317		12.72	2.2%
PetSmart	Retail	5	126,992	2.1%		1,689,490		13.30	2.1%
State of Indiana	Commercial	3	210,393	3.6%		1,635,911		7.78	2.1%
Marsh Supermarkets	Retail	3	124,902	2.1%		1,605,139		12.85	2.0%
Ross Stores	Retail	5	142,761	2.4%		1,431,894		10.03	1.8%
Dick's Sporting Goods	Retail	3	171,737	2.9%		1,404,508		8.18	1.8%
Indiana Supreme Court	Commercial	1	75,488	1.3%		1,339,164		17.74	1.7%
Staples	Retail	4	89,797	1.5%		1,226,835		13.66	1.6%
HEB Grocery Company	Retail	1	105,000	1.8%		1,155,000		11.00	1.5%
Office Depot	Retail	4	96,060	1.6%		1,027,338		10.69	1.3%
Best Buy	Retail	2	75,045	1.3%		911,993		12.15	1.2%
Kmart	Retail	1	110,875	1.9%		850,379		7.67	1.1%
LA Fitness	Retail	1	45,000	0.8%		843,750		18.75	1.1%
Dominick's	Retail	1	65,977	1.1%		841,207		12.75	1.1%
TJX Companies	Retail	3	88,550	1.5%		834,813		9.43	1.1%
Michaels	Retail	3	68,989	1.2%		804,460		11.66	1.0%
Mattress Firm	Retail	9	32,405	0.5%		795,104		24.54	1.0%
City Securities Corporation	Commercial	1	38,810	0.7%		771,155		19.87	1.0%
A & P	Retail	1	58,732	1.0%		725,340		12.35	0.9%
Stein Mart	Retail	3	106,000	1.8%		706,750		6.67	0.9%
Whole Foods	Retail	1	36,000	0.6%		697,320		19.37	0.9%
Nordstrom Rack	Retail	1	35,200	0.6%		633,600		18.00	0.8%
TOTAL			2,656,402	45.0%	$	29,951,958	$	10.61	38.0%

____________________
1	Annualized base rent represents the monthly contractual rent for March 2012 for each applicable tenant multiplied by 12. Annualized base rent does not include tenant reimbursements.
2	Excludes the estimated size of the structures located on land owned by the Company and ground leased to tenants.
3	Annualized Base Rent per square foot is adjusted to account for the estimated square footage attributed to structures on land owned by the Company and ground leased to tenants.

p.  21

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

LEASE EXPIRATIONS – OPERATING PORTFOLIO1

As of March 31, 2012

This table includes the following:

·   Operating retail properties;

·   Operating commercial properties; and

·   Development property tenants open for business or ground lease tenants who commenced paying rent as of March 31, 2012.

	Number of Expiring Leases1	Expiring GLA/NRA2	% of Total GLA/NRA Expiring	Expiring Annualized Base Rent3		% of Total Annualized Base Rent	Expiring Annualized Base Rent per Sq. Ft.		Expiring Ground Lease Revenue
2012	74	240,721	4.1%	$	3,737,202	4.9%	$	15.53	$	0
2013	78	548,021	9.3%		6,195,252	8.1%		11.30		72,000
2014	89	569,594	9.7%		7,711,636	10.1%		13.54		340,475
2015	90	717,944	12.2%		9,726,836	12.7%		13.55		198,650
2016	99	838,042	14.3%		7,830,157	10.2%		9.34		0
2017	74	550,604	9.4%		8,627,927	11.3%		15.67		266,300
2018	32	334,464	5.7%		4,568,923	6.0%		13.66		0
2019	19	191,174	3.3%		2,939,372	3.8%		15.38		33,000
2020	19	351,803	6.0%		3,625,658	4.7%		10.31		156,852
2021	30	401,815	6.8%		5,414,045	7.1%		13.47		0
Beyond	59	1,128,209	19.2%		16,199,506	21.1%		14.36		1,955,290
Total	663	5,872,391	100.0%	$	76,576,514	100.0%	$	13.04	$	3,022,567

____________________
1	Lease expiration table reflects rents in place as of March 31, 2012 and does not include option periods; 2012 expirations include 7 month-to-month tenants. This column also excludes ground leases.
2	Expiring GLA excludes estimated square footage attributable to non-owned structures on land owned by the Company and ground leased to tenants.
3	Annualized base rent represents the monthly contractual rent for March 2012 for each applicable tenant multiplied by 12. Excludes tenant reimbursements and ground lease revenue.

p.  22

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

LEASE EXPIRATIONS – RETAIL ANCHOR TENANTS1

As of March 31, 2012

This table includes the following:

·   Operating retail properties; and

·   Development property tenants open for business or ground lease tenants who commenced paying rent as of March 31, 2012.

	Number of Expiring Leases1,2	Expiring GLA/NRA3	% of Total GLA/NRA Expiring	Expiring Annualized Base Rent4		% of Total Annualized Base Rent	Expiring Annualized Base Rent per Sq. Ft.		Expiring Ground Lease Revenue
2012	3	71,037	1.2%	$	447,848	0.6%	$	6.30	$	0
2013	5	274,212	4.7%		1,426,728	1.9%		5.20		0
2014	9	236,834	4.0%		2,356,857	3.1%		9.95		0
2015	17	488,359	8.3%		4,810,832	6.3%		9.85		0
2016	13	609,387	10.4%		3,366,253	4.4%		5.52		0
2017	14	317,464	5.4%		3,891,718	5.1%		12.26		0
2018	6	250,602	4.3%		2,728,682	3.6%		10.89		0
2019	6	150,989	2.6%		2,070,625	2.7%		13.71		0
2020	7	304,352	5.2%		2,511,001	3.3%		8.25		0
2021	10	331,359	5.6%		3,790,787	5.0%		11.44		0
Beyond	27	924,862	15.7%		12,139,752	15.6%		13.13		990,000
Total	117	3,959,457	67.4%	$	39,541,084	51.6%	$	9.99	$	990,000

____________________
1	Retail anchor tenants are defined as tenants that occupy 10,000 square feet or more.
2	Lease expiration table reflects rents in place as of March 31, 2012 and does not include option periods. This column also excludes ground leases.
3	Expiring GLA excludes square footage for non-owned ground lease structures on land we own and ground leased to tenants.
4	Annualized base rent represents the monthly contractual rent for March 2012 for each applicable property multiplied by 12. Excludes tenant reimbursements and ground lease revenue.

p.  23

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

LEASE EXPIRATIONS – RETAIL SHOPS

As of March 31, 2012

This table includes the following:

·   Operating retail properties; and

·   Development property tenants open for business as of March 31, 2012.

	Number of Expiring Leases1	Expiring GLA/NRA1,2	% of Total GLA/NRA Expiring	Expiring Annualized Base Rent3		% of Total Annualized Base Rent	Expiring Annualized Base Rent per Sq. Ft.		Expiring Ground Lease Revenue
2012	70	160,166	2.7%	$	3,127,548	4.1%	$	19.53	$	0
2013	68	148,919	2.5%		3,216,576	4.2%		21.60		72,000
2014	77	170,072	2.9%		3,771,103	4.9%		22.17		340,475
2015	72	184,484	3.1%		4,136,497	5.4%		22.42		198,650
2016	86	228,655	3.9%		4,463,904	5.8%		19.52		0
2017	58	152,855	2.6%		3,310,933	4.3%		21.66		266,300
2018	25	76,823	1.3%		1,710,018	2.2%		22.26		0
2019	13	40,185	0.7%		868,747	1.1%		21.62		33,000
2020	11	37,382	0.6%		940,957	1.2%		25.17		156,852
2021	19	64,294	1.1%		1,481,525	1.9%		23.04		0
Beyond	27	104,207	1.9%		2,671,060	3.7%		25.63		965,290
Total	526	1,368,042	23.3%	$	29,698,869	38.8%	$	21.71	$	2,032,567

____________________
1	Lease expiration table reflects rents in place as of March 31, 2012, and does not include option periods; 2012 expirations include 7 month-to-month tenants.  This column also excludes ground leases.
2	Expiring GLA excludes estimated square footage to non-owned structures on land we own and ground leased to tenants.
3	Annualized base rent represents the monthly contractual rent for March 2012 for each applicable property multiplied by 12. Excludes tenant reimbursements and ground lease revenue.

p.  24

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

LEASE EXPIRATIONS – COMMERCIAL TENANTS

As of March 31, 2012

	Number of Expiring Leases1	Expiring NLA1	% of Total NRA Expiring	Expiring Annualized Base Rent2		% of Total Annualized Base Rent	Expiring Annualized Base Rent per Sq. Ft.
2012	1	9,518	0.2%	$	161,806	0.2%	$	17.00
2013	5	124,890	2.1%		1,551,947	2.0%		12.43
2014	3	162,688	2.8%		1,583,676	2.1%		9.73
2015	1	45,101	0.8%		779,507	1.0%		17.28
2016	0	0	0.0%		0	0.0%		0.00
2017	2	80,285	1.4%		1,425,276	1.9%		17.75
2018	1	7,039	0.1%		130,224	0.2%		18.50
2019	0	0	0.0%		0	0.0%		0.00
2020	1	10,069	0.2%		173,700	0.2%		17.25
2021	1	6,162	0.1%		141,732	0.2%		23.00
Beyond	5	99,140	1.6%		1,388,694	1.8%		14.01
	20	544,892	9.3%	$	7,336,563	9.6%	$	13.46

____________________
1	Lease expiration table reflects rents in place as of March 31, 2012 and does not include option periods. This column also excludes ground leases.
2	Annualized base rent represents the monthly contractual rent for March 31, 2012 for each applicable property multiplied by 12. Excludes tenant reimbursements.

p.  25

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SUMMARY RETAIL PORTFOLIO STATISTICS INCLUDING JOINT VENTURE PROPERTIES

	March 31, 2012	December 31, 2011	September 30, 2011	June 30, 2011	March 31, 2011
Company Owned GLA– Operating Retail1	5,393,433	5,492,894	5,219,373	5,133,713	5,052,161
Total GLA– Operating Retail1	8,110,074	8,395,291	8,109,910	8,026,604	7,939,606
Projected Company Owned GLA Under Development and Redevelopment2	See Note 4	See Note 4	See Note 4	See Note 4	841,677
Existing Owned GLA of Future Redevelopment Projects4	388,494	388,494	417,671	417,671	–
Projected Owned GLA of In-Process Development and Redevelopment Projects4	625,186	625,186	578,640	706,640	–
Projected Total GLA Under In-Process Development and Redevelopment2,4	811,297	813,797	1,107,257	1,418,000	1,034,290
Number of Operating Retail Properties	53	54	53	53	52
Number of Retail Properties under In-Process Development	3	3	2	3	–
Number of Retail Properties under Redevelopment	5	5	6	6	–
Percentage Leased – Operating Retail	93.4%	93.3%	93.1%	93.0%	92.3%
Annualized Base Rent & Ground Lease Revenue – Operating Retail Properties3 (excludes redevelopment)	$69,246,689	$71,171,147	$65,314,333	$64,332,559	$62,628,349

____________________
1	Company Owned GLA represents gross leasable area owned by the Company. Total GLA includes Company Owned GLA, plus square footage attributable to non-owned outlot structures on land owned by the Company and ground leased to tenants, and non-owned anchor space.
2	Projected Company Owned GLA Under Development or Redevelopment represents gross leasable area under development that is projected to be owned by the Company. Projected Total GLA Under Development or Redevelopment includes Projected Company Owned GLA, plus projected square footage attributable to non-owned outlot structures on land owned by the Company and ground leased to tenants, and non-owned anchor space that is existing or under construction.
3	Annualized Base Rent represents the monthly contractual rent in effect for each period shown, multiplied by 12. Excludes tenant reimbursements.
4	In June 2011, the Company revised the classifications of its In-Process and Future Development projects. See pages 28 and 29

p.  26

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

SUMMARY COMMERCIAL PORTFOLIO STATISTICS

Retail Portfolio	March 31, 2012	December 31, 2011	September 30, 2011	June 30, 2011	March 31, 2011
Company Owned Net Rentable Area (NRA)1,4	583,598	580,849	580,849	580,849	581,380
Number of Operating Commercial Properties	4	4	4	4	4
Percentage Leased – Operating Commercial Properties4	93.4%	93.3%	93.3%	93.3%	92.0%
Annualized Base Rent – Commercial Properties2,3,4	$7,336,563	$7,210,868	$7,220,928	$7,216,472	$7,055,940

____________________
1	Company Owned NRA does not include square footage of Union Station Parking Garage, a detached parking garage supporting the 30 South property that includes approximately 850 parking spaces. It is managed by a third party.
2	Annualized Base Rent does not include tenant reimbursements or income attributable to the Union Station Parking Garage.
3	Annualized Base Rent includes $779,507 from KRG and subsidiaries as of March 31, 2012.
4	Includes the office space at Eddy Street Commons.

p.  27

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

IN-PROCESS DEVELOPMENT / REDEVELOPMENT PROJECTS

Project	Project Type	Company Ownership %	MSA	Actual/ Projected  Opening Date1	Projected Owned GLA2	Projected Total GLA3	Percent of Owned GLA Occupied4	Percent of Owned GLA Pre-Leased/ Committed5	Total Estimated Project Cost7	Cost Incurred as of March 31, 20126	Major Tenants and Non-owned Anchors
Delray Marketplace, FL8	Development	50%	Delray Beach	Q4 2012	253,371	258,084	0.0%	73.4%	$93,000	$54,324	Publix, Frank Theatres,  Max's Grille, Charming Charlie, Chico's, White House/Black Market, Jos. A Bank
New Hill Place, NC – Phase I	Development	100%	Raleigh	Q2 2013	204,936	374,334	0.0%	76.2%	57,000	18,721	Target (non-owned), Dick’s Sporting Goods, Marshall’s, Michael’s, Petco
Oleander Place, NC	Redevelopment	100%	Wilmington	Q4 2011	43,806	45,806	68.5%	80.5%	5,000	1,970	Whole Foods
Four Corner Square / Maple Valley, WA 9	Redevelopment	100%	Seattle	Q4 2012	108,523	118,523	49.4%	83.5%	23,500	11,607	Johnson’s Home & Garden, Walgreens, Grocery Outlet
Walgreen's, IN	Development	100%	Indianapolis	Q3 2012	14,550	14,550	0.0%	100.0%	5,200	2,450	Walgreens
Total In-Process Development / Redevelopment Projects					625,186	811,297	13.4%	77.2%	$183,700	$89,072
Cost incurred as of March 31, 2012 included in Construction in progress on consolidated balance sheet7										$88,833

____________________
1	Opening Date is defined as the first date a tenant is open for business or a ground lease payment is made. Stabilization (i.e., 85% occupied) typically occurs within six to twelve months after the opening date.
2	Projected Owned GLA represents gross leasable area we project we will own. It excludes square footage that we project will be attributable to non-owned outlot structures on land owned by us and expected to be ground leased to tenants. It also excludes non-owned anchor space.
3	Projected Total GLA includes Projected Owned GLA, projected square footage attributable to non-owned outlot structures on land that we own, and non-owned anchor space that currently exists or is under construction.
4	Includes tenants that have taken possession of their space or have begun paying rent.
5	Excludes outlot land parcels owned by the Company and ground leased to tenants. Includes leases under negotiation for approximately 43,476 square feet for which the Company has signed non-binding letters of intent.
6	Dollars in thousands. Reflects both the Company’s and partners’ share of costs.
7	Cost incurred is reclassified to fixed assets on the consolidated balance sheet on a pro-rata basis as portions of the asset are placed in service.
8	The Company owns Delray Marketplace through a joint venture (preferred return, then 50%).
9	Total estimated project cost for Maple Valley/Four Corner Square is shown net of projected sales of $9.9 million. The cost incurred represents the cost primarily related to the Maple Valley land and site work performed to date.

p.  28

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

FUTURE DEVELOPMENT / REDEVELOPMENT PROJECTS

Project		Project Type4	MSA	Existing Owned GLA	Estimated Total GLA1	Total Estimated Project Cost1,2		Cost Incurred as of March 31, 20122		Major Tenants and Non-owned Anchors
Consolidated–
The Centre, IN		Redevelopment	Indianapolis	80,689	80,689	$	2,000	$	37	Specialty Grocer, Pharmacy
Bolton Plaza, FL		Redevelopment	Jacksonville	172,938	172,938		5,700		3,149	Academy Sports & Outdoors
Courthouse Shadows, FL		Redevelopment	Naples	134,867	134,867		2,500		388	Publix, Office Max
Broadstone Station, NC	Development		Raleigh	—	345,000		19,100		15,556	Shops, Pad Sales, Jr. Boxes, Super Wal-Mart (non-owned)
New Hill Place, NC       Phase II		Development	Raleigh	—	170,000		44,300		15,416	Target (non-owned), Frank Theatres, and three Junior Anchors
Total Consolidated				388,494	903,494	$	73,600	$	34,546
Unconsolidated–
Parkside Town Commons, NC3	Development		Raleigh	—	1,500,000	$	148,000	$	64,132	Target (non-owned), Frank Theatres, Grocery, Junior Boxes, Restaurants
KRG Current Share of Unconsolidated3					1,500,000	$	29,600	$	25,653
							20%		40%

____________________
1	Total Estimated Cost and Estimated Total GLA based on preliminary site plans and includes non-owned anchor space that exists or is currently under construction.
2	Dollars in thousands.  Reflects both the Company's and partners' share of costs.
3	Parkside Town Commons is owned through a joint venture with Prudential Real Estate Investors. The Company’s interest in this joint venture is 40% as of March 31, 2012 and will be reduced to 20% at the time of project construction financing.
4	Redevelopment properties are not reflected in operating portfolio statistics.

Reconciliation of Construction In Progress to Consolidated Balance Sheet:
Cost incurred for in-process developments (page 28)	$	88,833,050
Cost incurred for future developments (above)	34,546,303
Rivers Edge (Arhaus Furniture in buildout phase)	358,886
New Hill – Phase III	5,961,907
Apex – Phase II (residual land and related sitework)	5,021,655
Miscellaneous tenant improvements and small projects	3,183,565
CIP on Consolidated Balance Sheet	$	137,905,366

p.  29

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

GEOGRAPHIC DIVERSIFICATION – OPERATING PORTFOLIO

As of March 31, 2012

	Number of Operating Properties1	Owned  GLA/NRA2	Percent of Owned GLA/NRA	Total Number of Leases	Annualized Base Rent3		Percent of Annualized Base Rent	Annualized Base Rent per Leased Sq. Ft.
Indiana	24	2,414,759	40.4%	239	$	30,252,968	41.1%	$	13.33
·Retail	20	1,831,161	30.6%	219		22,916,406	31.2%		13.29
·Commercial	4	583,598	9.8%	20		7,336,563	10.0%		13.46
Florida	14	1,439,725	24.1%	193		17,985,430	24.5%		13.82
Texas	7	1,102,062	18.4%	84		12,496,213	17.0%		11.71
Illinois	3	310,830	5.2%	20		4,016,225	5.5%		13.51
Georgia	3	300,116	5.0%	55		3,893,647	5.3%		14.51
Ohio	1	236,230	4.0%	7		2,139,270	2.9%		9.06
New Jersey	1	115,088	1.9%	13		1,493,068	2.0%		15.90
Washington	2	27,052	0.5%	4		719,384	1.0%		26.78
Oregon	2	31,169	0.5%	13		564,479	0.8%		24.40
Total	57	5,977,031	100.0%	628	$	73,560,685	100.0%	$	13.17

____________________
1	This table includes operating retail properties, operating commercial properties, and ground lease tenants who commenced paying rent as of March 31, 2012 and excludes six retail properties under redevelopment.
2	Owned GLA/NRA represents gross leasable area or net leasable area owned by the Company.  It does not include 29 parcels or outlots owned by the Company and ground leased to tenants, which contain 18 non-owned structures totaling approximately 357,104 square feet.  It also excludes the square footage of Union Station Parking Garage.
3	Annualized Base Rent excludes $3,166,567 in annualized ground lease revenue attributable to parcels and outlots owned by the Company and ground leased to tenants.

p.  30

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

OPERATING RETAIL PROPERTIES – TABLE I

As of March 31, 2012

Property1	State	MSA	Year  Built/Renovated	Year Added to Operating Portfolio	Acquired, Redeveloped, or Developed	Total GLA2	Owned GLA2	Percentage of Owned GLA  Leased3
Bayport Commons7	FL	Oldsmar	2008	2008	Developed	268,556	97,112	91.3%
Cobblestone Plaza	FL	Ft. Lauderdale	2011	2011	Developed	143,493	133,214	92.2%
Coral Springs Plaza	FL	Ft. Lauderdale	2004/2010	2004	Redeveloped	46,079	46,079	100.0%
Estero Town Commons7	FL	Naples	2006	2007	Developed	206,600	25,631	72.6%
Indian River Square	FL	Vero Beach	1997/2004	2005	Acquired	379,246	142,706	93.5%
International Speedway Square	FL	Daytona	1999	1999	Developed	242,995	233,495	92.2%
King's Lake Square	FL	Naples	1986	2003	Acquired	85,497	85,497	90.5%
Lithia Crossing	FL	Tampa	1993	2011	Acquired	86,950	81,504	87.9%
Pine Ridge Crossing	FL	Naples	1993	2006	Acquired	258,874	105,515	96.3%
Riverchase Plaza	FL	Naples	1991/2001	2006	Acquired	78,380	78,380	94.0%
Shops at Eagle Creek	FL	Naples	1983	2003	Redeveloped	72,271	72,271	52.0%
Tarpon Springs Plaza	FL	Naples	2007	2007	Developed	276,346	82,547	95.1%
Wal-Mart Plaza	FL	Gainesville	1970	2004	Acquired	177,826	177,826	90.9%
Waterford Lakes Village	FL	Orlando	1997	2004	Acquired	77,948	77,948	96.1%
Kedron Village	GA	Atlanta	2006	2006	Developed	282,125	157,409	89.6%
Publix at Acworth	GA	Atlanta	1996	2004	Acquired	69,628	69,628	81.6%
The Centre at Panola	GA	Atlanta	2001	2004	Acquired	73,079	73,079	96.6%
Fox Lake Crossing	IL	Chicago	2002	2005	Acquired	99,072	99,072	87.8%
Naperville Marketplace	IL	Chicago	2008	2008	Developed	169,600	83,758	98.1%
South Elgin Commons	IL	Chicago	2009	2009	Developed	128,000	128,000	100.0%
50 South Morton	IN	Indianapolis	1999	1999	Developed	2,000	2,000	100.0%
54th & College	IN	Indianapolis	2008	2008	Developed	20,100	-	*
Beacon Hill7	IN	Crown Point	2006	2007	Developed	127,821	57,191	80.0%
Boulevard Crossing	IN	Kokomo	2004	2004	Developed	213,696	123,629	93.3%
Bridgewater Marketplace	IN	Indianapolis	2008	2008	Developed	50,820	25,975	68.3%
Cool Creek Commons	IN	Indianapolis	2005	2005	Developed	137,107	124,583	96.4%
Eddy Street Commons (Retail Only)	IN	South Bend	2009	2010	Developed	88,143	88,143	91.1%
Fishers Station4	IN	Indianapolis	1989	2004	Acquired	116,885	116,885	91.1%
Geist Pavilion	IN	Indianapolis	2006	2006	Developed	64,114	64,114	72.8%
Glendale Town Center	IN	Indianapolis	1958/2008	2008	Redeveloped	685,827	403,198	97.6%
Greyhound Commons	IN	Indianapolis	2005	2005	Developed	153,187	-	*
Hamilton Crossing Centre	IN	Indianapolis	1999	2004	Acquired	87,353	82,353	98.3%
Red Bank Commons	IN	Evansville	2005	2006	Developed	324,308	34,258	77.8%

____________________
*	Property consists of ground leases only and, therefore, no Owned GLA. 54th & College is a single ground lease property; Greyhound Commons has two of four outlots leased.
1	All properties are wholly owned, except as indicated. Unless otherwise noted, each property is owned in fee simple by the Company.
2	Owned GLA represents gross leasable area that is owned by the Company. Total GLA includes Owned GLA, square footage attributable to non-owned anchor space, and non-owned structures on ground leases.
3	Percentage of Owned GLA Leased reflects Owned GLA/NRA leased as of  March 31, 2012, except for Greyhound Commons and 54th & College (see *).
4	This property is divided into two parcels: a grocery store and small shops. The Company owns a 25% interest in the small shops parcel through a joint venture and a 100% interest in the grocery store. The joint venture partner is entitled to an annual preferred payment of $106,000. All remaining cash flow is distributed to the Company.
5	The Company does not own the land at this property. It has leased the land pursuant to two ground leases that expire in 2017. The Company has six five-year options to renew this lease.
6	The Company does not own the land at this property. It has leased the land pursuant to a ground lease that expires in 2013. The Company has four remaining five-year renewal options and a right of first refusal to purchase the land.
7	The Company owns and manages the following properties through joint ventures with third parties: Beacon Hill (50%); Cornelius Gateway (80%); Bayport Commons (60%); and Sandifur Plaza (95%).

p.  31

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

OPERATING RETAIL PROPERTIES – TABLE I (CONTINUED)

Property1	State	MSA	Year Built/Renovated	Year Added to Operating Portfolio	Acquired, Redeveloped, or Developed	Total GLA2	Owned GLA2	Percentage of Owned GLA  Leased3
Rivers Edge	IN	Indianapolis	2011	2011	Redeveloped	149,209	149,209	100.0%
Stoney Creek Commons	IN	Indianapolis	2000	2000	Developed	189,527	49,330	100.0%
The Corner	IN	Indianapolis	1984/2003	1984	Developed	42,612	42,612	92.9%
Traders Point	IN	Indianapolis	2005	2005	Developed	348,835	279,684	99.2%
Traders Point II	IN	Indianapolis	2005	2005	Developed	46,600	46,600	67.8%
Whitehall Pike	IN	Bloomington	1999	1999	Developed	128,997	128,997	100.0%
Zionsville Place	IN	Indianapolis	2006	2006	Developed	12,400	12,400	100.0%
Ridge Plaza	NJ	Oak Ridge	2002	2003	Acquired	115,088	115,088	81.6%
Eastgate Pavilion	OH	Cincinnati	1995	2004	Acquired	236,230	236,230	100.0%
Cornelius Gateway7	OR	Portland	2006	2007	Developed	35,800	21,324	62.3%
Shops at Otty5	OR	Portland	2004	2004	Developed	154,845	9,845	100.0%
Burlington Coat Factory6	TX	San Antonio	1992/2000	2000	Redeveloped	107,400	107,400	100.0%
Cedar Hill Village	TX	Dallas	2002	2004	Acquired	139,092	44,214	94.2%
Market Street Village	TX	Hurst	1970/2004	2005	Acquired	163,625	156,625	100.0%
Plaza at Cedar Hill	TX	Dallas	2000	2004	Acquired	303,514	303,514	97.4%
Plaza Volente	TX	Austin	2004	2005	Acquired	160,333	156,333	93.3%
Preston Commons	TX	Dallas	2002	2002	Developed	142,539	27,539	77.4%
Sunland Towne Centre	TX	El Paso	1996	2004	Acquired	312,450	306,437	97.6%
50th & 12th	WA	Seattle	2004	2004	Developed	14,500	14,500	100.0%
Sandifur Plaza7	WA	Pasco	2008	2008	Developed	12,552	12,552	98.5%
Total						8,110,074	5,393,433	93.4%

See prior page for footnote disclosure.

p.  32

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

OPERATING RETAIL PROPERTIES – TABLE II

As of March 31, 2012

Property	State	MSA	Annualized Base Rent Revenue1	Annualized Ground Lease Revenue	Annualized Total Retail Revenue	Percentage of Annualized Total Retail Revenue	Base Rent Per Leased Owned GLA2	Major Tenants and Non-Owned Anchors3
Bayport Commons	FL	Oldsmar	$1,622,613	$             -	$1,622,613	2.34%	$18.30	PetSmart, Best Buy, Michaels, Target (non-owned)
Cobblestone Plaza	FL	Ft. Lauderdale	3,000,195	250,000	3,250,195	4.69%	24.43	Whole Foods, Party City, All Pets Emporium
Coral Springs Plaza	FL	Ft. Lauderdale	663,538	-	663,538	0.96%	14.40	Toys “R” Us/Babies “R” Us, Lowes (non-owned), Wal-Mart (non-owned)
Estero Town Commons	FL	Naples	485,359	750,000	1,235,359	1.78%	26.08	Lowe's Home Improvement
Indian River Square	FL	Vero Beach	1,416,593	-	1,416,593	2.05%	10.62	Beall's, Office Depot, Target (non-owned), Lowe's Home Improvement (non-owned)
International Speedway Square	FL	Daytona	2,147,335	405,475	2,552,810	3.69%	9.98	Bed Bath & Beyond, Stein Mart, Old Navy, Staples, Michaels, Dick’s Sporting Goods
King's Lake Square	FL	Naples	1,006,011	-	1,006,011	1.45%	13.00	Publix, Retro Fitness
Lithia Crossing	FL	Tampa	1,017,729	72,000	1,089,729	1.57%	14.20	Stein Mart
Pine Ridge Crossing	FL	Naples	1,631,285	-	1,631,285	2.36%	16.06	Publix, Target (non-owned), Beall's (non-owned)
Riverchase Plaza	FL	Naples	1,003,425	-	1,003,425	1.45%	13.63	Publix
Shops at Eagle Creek	FL	Naples	613,271	55,104	668,375	0.97%	16.33	Staples, Lowe’s Home Improvement (non-owned)
Tarpon Springs Plaza	FL	Naples	1,612,288	100,000	1,712,288	2.47%	20.53	Cost Plus, A C Moore, Staples, Target (non-owned)
Wal-Mart Plaza	FL	Gainesville	857,494	-	857,494	1.24%	5.30	Books-A-Million, Save-A-Lot, Wal-Mart
Waterford Lakes Village	FL	Orlando	908,295	-	908,295	1.31%	12.12	Winn-Dixie
Kedron Village	GA	Atlanta	2,420,113	-	2,420,113	3.49%	17.17	Bed Bath & Beyond, Ross, PETCO, Target (non-owned)
Publix at Acworth	GA	Atlanta	634,032	-	634,032	0.92%	11.16	Publix
The Centre at Panola	GA	Atlanta	839,502	-	839,502	1.21%	11.89	Publix
Fox Lake Crossing	IL	Chicago	1,200,120	-	1,200,120	1.73%	13.79	Dominick's Finer Foods, Dollar Tree
Naperville Marketplace	IL	Chicago	1,044,205	-	1,044,205	1.51%	12.71	TJ Maxx, PetSmart, Caputo’s (non-owned)
South Elgin Commons	IL	Chicago	1,771,900	-	1,771,900	2.56%	13.84	LA Fitness, Target (non-owned), Ross, Toys “R” Us/Babies “R” Us
50 South Morton	IN	Indianapolis	126,000	-	126,000	0.18%	63.00
54th & College	IN	Indianapolis	-	260,000	260,000	0.38%	-	The Fresh Market (non-owned)
Beacon Hill	IN	Crown Point	651,743	-	651,743	0.94%	14.24	Strack & Van Til (non-owned), Walgreens (non-owned)
Boulevard Crossing	IN	Kokomo	1,599,982	-	1,599,982	2.31%	13.87	PETCO, TJ Maxx, Ulta Salon, Kohl's (non-owned)
Bridgewater Marketplace	IN	Indianapolis	307,449	-	307,449	0.44%	17.33	Walgreens (non-owned)
Cool Creek Commons	IN	Indianapolis	1,927,401	-	1,927,401	2.78%	16.05	The Fresh Market, Stein Mart, Bang Fitness
Eddy Street Commons	IN	South Bend	1,881,056	-	1,881,056	2.72%	23.43	Hammes Bookstore, Urban Outfitters
Fishers Station	IN	Indianapolis	1,163,987	-	1,163,987	1.68%	10.93	Marsh Supermarkets, Goodwill, Dollar Tree
Geist Pavilion	IN	Indianapolis	754,203	-	754,203	1.09%	16.15	Goodwill, Ace Hardware
Glendale Town Center	IN	Indianapolis	2,530,348	-	2,530,348	3.65%	6.43	Macy’s, Landmark Theatres, Staples, Indianapolis Library, Lowe's Home Improvement (non-owned), Target (non-owned), Walgreens (non-owned)
Greyhound Commons	IN	Indianapolis	-	221,748	221,748	0.32%	-	Lowe's Home Improvement (non-owned)
Hamilton Crossing Centre	IN	Indianapolis	1,501,227	78,650	1,579,877	2.28%	18.54	Office Depot
Red Bank Commons	IN	Evansville	363,764	-	363,764	0.53%	13.65	Wal-Mart (non-owned), Home Depot (non-owned)

____________________
1	Annualized Base Rent Revenue represents the contractual rent for March 2012 for each applicable property, multiplied by 12. This table does not include Annualized Base Rent from development property tenants open for business as of March 31, 2012. Excludes tenant reimbursements.
2	Owned GLA represents gross leasable area that is owned by the Company. Total GLA includes Owned GLA, square footage attributable to non-owned anchor space and non-owned structures on ground leases.
3	Represents the three largest tenants that occupy at least 10,000 square feet of GLA at the property, including non-owned anchors.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

OPERATING RETAIL PROPERTIES – TABLE II (CONTINUED)

Property	State	MSA	Annualized Base Rent Revenue1	Annualized Ground  Lease  Revenue	Annualized Total Retail Revenue	Percentage of Annualized Total Retail Revenue	Base Rent Per Leased Owned GLA2	Major Tenants and Non-Owned Anchors3
Rivers Edge	IN	Indianapolis	2,831,115	-	2,831,115	4.09%	18.97	Buy Buy Baby, Nordstrom Rack, The Container Store, Arhaus Furniture
Stoney Creek Commons	IN	Indianapolis	491,323	-	491,323	0.71%	9.96	HH Gregg , Office Depot, Lowe's Home Improvement (non-owned)
The Corner	IN	Indianapolis	604,716	-	604,716	0.87%	15.28	Hancock Fabrics
Traders Point	IN	Indianapolis	4,079,397	435,000	4,514,397	6.52%	14.71	Dick's Sporting Goods, AMC Theatre, Marsh, Bed Bath & Beyond, Michaels, Old Navy, PetSmart
Traders Point II	IN	Indianapolis	835,095	-	835,095	1.21%	26.43
Whitehall Pike	IN	Bloomington	1,014,000	-	1,014,000	1.46%	7.86	Lowe's Home Improvement
Zionsville Place	IN	Indianapolis	253,600	-	253,600	0.37%	20.45
Ridge Plaza	NJ	Oak Ridge	1,493,068	-	1,493,068	2.16%	15.90	A&P Grocery, CVS
Eastgate Pavilion	OH	Cincinnati	2,139,270	-	2,139,270	3.09%	9.06	Best Buy, Dick's Sporting Goods, Value City Furniture, PetSmart, DSW
Cornelius Gateway	OR	Portland	275,230	-	275,230	0.40%	20.71	FedEx/Kinko’s
Shops at Otty	OR	Portland	289,249	136,300	425,549	0.61%	29.38	Wal-Mart (non-owned)
Burlington Coat Factory	TX	San Antonio	537,000	-	537,000	0.78%	5.00	Burlington Coat Factory
Cedar Hill Village	TX	Dallas	723,651	-	723,651	1.05%	17.37	24 Hour Fitness, JC Penney (non-owned)
Market Street Village	TX	Hurst	1,780,097	33,000	1,813,097	2.62%	11.37	Jo-Ann Fabric, Ross, Office Depot, Buy Buy Baby, Hancock Fabric
Plaza at Cedar Hill	TX	Dallas	3,595,551	-	3,595,551	5.19%	12.17	Hobby Lobby, Office Max, Ross, Marshalls, Sprouts Farmers Market, Toys “R” Us/Babies “R” Us, DSW, Home Goods
Plaza Volente	TX	Austin	2,239,589	110,000	2,349,589	3.39%	15.36	H-E-B Grocery
Preston Commons	TX	Dallas	526,332	-	526,332	0.76%	24.69	Lowe's Home Improvement (non-owned)
Sunland Towne Centre	TX	El Paso	3,093,992	115,290	3,209,282	4.63%	10.35	PetSmart, Ross, HMY Roomstore, Kmart, Bed Bath & Beyond, Specs Fine Wines
50th & 12th	WA	Seattle	475,000	-	475,000	0.69%	32.76	Walgreens
Sandifur Plaza	WA	Pasco	244,384	-	244,384	0.35%	19.77	Walgreens (non-owned)
Total			$66,224,122	$3,022,567	$69,246,689	100%	$13.14

See prior page for footnote disclosure.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

OPERATING COMMERCIAL PROPERTIES

As of March 31, 2012

Property	MSA	Year Built/ Renovated	Acquired, Redeveloped or Developed	Owned NRA	Percentage Of Owned NRA Leased	Annualized Base Rent1		Percentage of Annualized Commercial Base Rent	Base Rent Per Leased Sq. Ft.		Major Tenants
Indiana
30 South2	Indianapolis	1905/2002	Redeveloped	301,095	87.1%	$	4,745,722	64.7%	$	18.09	Indiana Supreme Court, City Securities, Kite Realty Group, Lumina Foundation
Pen Products	Indianapolis	2003	Developed	85,875	100.0%		834,705	11.4%		9.72	Indiana Dept. of Administration
Union Station Parking Garage3	Indianapolis	1986	Acquired	N/A	N/A		N/A	N/A		N/A	Denison Parking
Indiana State Motorpool	Indianapolis	2004	Developed	115,000	100.0%		639,400	8.7%		5.56	Indiana Dept. of Administration
Eddy Street Office (part of Eddy Street Commons) 4	South Bend	2009	Developed	81,628	100.0%		1,116,736	15.2%		13.68	University of Notre Dame Offices
Total				583,598	93.4%	$	7,336,563	100.0%	$	13.46

____________________
1	Annualized Base Rent represents the monthly contractual rent for March 2012 for each applicable property, multiplied by 12. Excludes tenant reimbursements.
2	Annualized Base Rent includes $779,507 from the Company and subsidiaries as of March 31, 2012.
3	The garage is managed by a third party.
4	The Company also owns a 50% interest in an unconsolidated limited service hotel at Eddy Street Commons in South Bend, Indiana along with a parking garage that serves the hotel and the office and retail components of the property.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12

RETAIL OPERATING PORTFOLIO – TENANT BREAKDOWN1

As of March 31, 2012

			Owned Gross Leasable Area				Percent of Owned GLA Leased			Annualized Base Rent1				Annualized Base Rent per Leased Sq. Ft.
	Property		State	Anchors	Shops	Total	Anchors	Shops	Total	Anchors	Shops	Ground Lease	Total	Anchors	Shops	Total
	Bayport Commons		FL	71,540	25,572	97,112	100.0%	66.9%	91.3%	$1,107,187	$  515,426	$            -	$1,622,613	$15.48	$30.13	$18.30
	Cobblestone Plaza		FL	68,169	65,045	133,214	100.0%	84.0%	92.2%	1,207,686	1,792,509	250,000	3,250,195	17.72	32.80	24.43
	Coral Springs Plaza		FL	46,079	-	46,079	100.0%	0.0%	100.0%	663,538	-	-	663,538	14.40	-	14.40
	Estero Town Commons		FL	-	25,631	25,631	0.0%	72.6%	72.6%	-	485,359	750,000	1,235,359	-	26.08	26.08
	Indian River Square		FL	109,000	33,706	142,706	100.0%	72.4%	93.5%	927,000	489,593	-	1,416,593	8.50	20.06	10.62
	International Speedway Square		FL	203,457	30,038	233,495	100.0%	39.3%	92.2%	1,934,935	212,400	405,475	2,552,810	9.51	18.00	9.98
	King's Lake Square		FL	49,805	35,692	85,497	100.0%	77.3%	90.5%	358,890	647,121	-	1,006,011	7.21	23.46	13.00
	Lithia Crossing		FL	36,000	45,504	81,504	100.0%	78.3%	87.9%	234,000	783,729	72,000	1,089,729	6.50	21.99	14.20
	Pine Ridge Crossing		FL	66,351	39,164	105,515	100.0%	90.0%	96.3%	627,628	1,003,657	-	1,631,285	9.46	28.48	16.06
	Riverchase Plaza		FL	48,890	29,490	78,380	100.0%	83.9%	94.0%	386,231	617,194	-	1,003,425	7.90	24.94	13.63
	Shops at Eagle Creek		FL	51,703	20,568	72,271	49.3%	58.7%	52.0%	356,678	256,593	55,104	668,375	14.00	21.26	16.33
	Tarpon Springs Plaza		FL	60,151	22,396	82,547	100.0%	82.1%	95.1%	1,144,008	468,280	100,000	1,712,288	19.02	25.48	20.53
	Wal-Mart Plaza		FL	138,323	39,503	177,826	100.0%	59.1%	90.9%	561,479	296,015	-	857,494	4.06	12.67	5.30
	Waterford Lakes Village		FL	51,703	26,245	77,948	100.0%	88.5%	96.1%	408,452	499,843	-	908,295	7.90	21.53	12.12
	Kedron Village		GA	68,845	88,564	157,409	100.0%	81.5%	89.6%	888,086	1,532,027	-	2,420,113	12.90	21.24	17.17
	Publix at Acworth		GA	37,888	31,740	69,628	100.0%	59.7%	81.6%	337,203	296,828	-	634,032	8.90	15.67	11.16
	The Centre at Panola		GA	51,674	21,405	73,079	100.0%	88.3%	96.6%	413,392	426,110	-	839,502	8.00	22.54	11.89
	Fox Lake Crossing		IL	65,977	33,095	99,072	100.0%	63.6%	87.8%	841,207	358,913	-	1,200,120	12.75	17.05	13.79
	Naperville Marketplace		IL	61,683	22,075	83,758	100.0%	92.8%	98.1%	719,379	324,826	-	1,044,205	11.66	15.86	12.71
	South Elgin Commons		IL	128,000	-	128,000	100.0%	0.0%	100.0%	1,771,900	-	-	1,771,900	13.84	-	13.84
	50 South Morton		IN	-	2,000	2,000	0.0%	100.0%	100.0%	-	126,000	-	126,000	-	63.00	63.00
	54th & College		IN	-	-	-	0.0%	0.0%	0.0%	-	-	260,000	260,000	-	-	-
	Beacon Hill		IN	11,043	46,148	57,191	100.0%	75.2%	80.0%	132,516	519,227	-	651,743	-	14.95	14.24
	Boulevard Crossing		IN	73,440	50,189	123,629	100.0%	83.6%	93.3%	864,100	735,882	-	1,599,982	11.77	17.54	13.87
	Bridgewater Marketplace		IN	-	25,975	25,975	0.0%	68.3%	68.3%	-	307,449	-	307,449	-	17.33	17.33
	Cool Creek Commons		IN	63,600	60,983	124,583	100.0%	92.6%	96.4%	643,200	1,284,201	-	1,927,401	10.11	22.74	16.05
	Eddy Street Commons		IN	20,154	67,989	88,143	100.0%	88.4%	91.1%	342,618	1,538,438	-	1,881,056	17.00	25.58	23.43
	Fishers Station		IN	72,212	44,673	116,885	100.0%	76.8%	91.1%	705,907	458,080	-	1,163,987	9.78	13.36	10.93
	Geist Pavilion		IN	40,167	23,947	64,114	73.9%	71.0%	72.8%	360,956	393,247	-	754,203	12.15	23.14	16.15
	Glendale Town Center		IN	329,588	73,610	403,198	100.0%	87.1%	97.6%	1,250,563	1,279,785	-	2,530,348	3.79	19.96	6.43
	Greyhound Commons		IN	-	-	-	0.0%	0.0%	0.0%	-	-	221,748	221,748	-	-	-
	Hamilton Crossing Centre		IN	30,722	51,631	82,353	100.0%	97.4%	98.3%	345,623	1,155,604	78,650	1,579,877	11.25	22.99	18.54
	Red Bank Commons		IN	-	34,258	34,258	0.0%	77.8%	77.8%	-	363,764	-	363,764	-	13.65	13.65
	Rivers Edge		IN	117,890	31,319	149,209	100.0%	100.0%	100.0%	2,080,785	750,330	-	2,831,115	17.65	23.96	18.97
	Stoney Creek Commons		IN	49,330	-	49,330	100.0%	0.0%	100.0%	491,323	-	-	491,323	9.96	-	9.96
	The Corner		IN	12,200	30,412	42,612	100.0%	90.0%	92.9%	88,450	516,267	-	604,716	7.25	18.85	15.28
	Traders Point		IN	238,721	40,963	279,684	100.0%	94.3%	99.2%	3,134,370	945,026	435,000	4,514,397	13.13	24.48	14.71
	Traders Point II		IN	-	46,600	46,600	0.0%	67.8%	67.8%	-	835,095	-	835,095	-	26.43	26.43
	Whitehall Pike		IN	128,997	-	128,997	100.0%	0.0%	100.0%	1,014,000	-	-	1,014,000	7.86	-	7.86
	Zionsville Place		IN	-	12,400	12,400	0.0%	100.0%	100.0%	-	253,600	-	253,600	-	20.45	20.45
	Ridge Plaza		NJ	69,612	45,476	115,088	100.0%	53.5%	81.6%	959,586	533,481	-	1,493,068	13.78	21.94	15.90
	Eastgate Pavilion		OH	231,730	4,500	236,230	100.0%	100.0%	100.0%	1,999,770	139,500	-	2,139,270	8.63	31.00	9.06
	Cornelius Gateway		OR	-	21,324	21,324	0.0%	62.3%	62.3%	-	275,230	-	275,230	-	20.71	20.71
	Shops at Otty		OR	-	9,845	9,845	0.0%	100.0%	100.0%	-	289,249	136,300	425,549	-	29.38	29.38
	Burlington Coat Factory		TX	107,400	-	107,400	100.0%	0.0%	100.0%	537,000	-	-	537,000	5.00	-	5.00
	Cedar Hill Village		TX	32,231	11,983	44,214	100.0%	78.7%	94.2%	531,812	191,840	-	723,651	16.50	20.34	17.37
	Market Street Village		TX	136,746	19,879	156,625	100.0%	100.0%	100.0%	1,312,907	467,190	33,000	1,813,097	9.60	23.50	11.37
	Plaza at Cedar Hill		TX	244,121	59,393	303,514	100.0%	86.5%	97.4%	2,584,631	1,010,921	-	3,595,551	10.59	19.68	12.17
	Plaza Volente		TX	105,000	51,333	156,333	100.0%	79.6%	93.3%	1,155,000	1,084,589	110,000	2,349,589	11.00	26.55	15.36
	Preston Commons		TX	-	27,539	27,539	0.0%	77.4%	77.4%	-	526,332	-	526,332	-	24.69	24.69
	Sunland Towne Centre		TX	265,037	41,400	306,437	100.0%	81.9%	97.6%	2,324,477	769,515	115,290	3,209,282	8.77	22.70	10.35
	50th & 12th		WA	14,500	-	14,500	100.0%	0.0%	100.0%	475,000	-	-	475,000	32.76	-	32.76
	Sandifur Plaza		WA	-	12,552	12,552	0.0%	98.5%	98.5%	-	244,384	-	244,384	-	19.77	19.77
	Total			3,809,679	1,583,754	5,393,433	99.0%	79.9%	93.4%	$38,223,473	$28,000,650	$3,022,567	$69,246,689	$10.13	$22.12	$13.14 2
____________________
1		This table does not include annualized base rent from development property tenants open for business as of March 31, 2012. Excludes tenant reimbursements.
2		Variance from Q4 2011 primarily relates to the sale of Gateway Shopping Center.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/12