form8k_q12013.htm

PRESS RELEASE

Contact Information:	Investors/Media:
Kite Realty Group Trust	Kite Realty Group Trust
Dan Sink, Chief Financial Officer	Adam Basch, Investor Relations
(317) 577-5609	(317) 578-5161
dsink@kiterealty.com	abasch@kiterealty.com

Kite Realty Group Trust Reports

First Quarter 2013 Results

Indianapolis, Ind., May 2, 2013 – Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today operating results for the first quarter ended March 31, 2013. Financial statements and exhibits attached to this release include results for the three months ended March 31, 2013 and 2012.

Highlights

Operations

·	Funds From Operations, was $0.14 per diluted common share for the first quarter of 2013 compared to $0.11, as adjusted, in the first quarter of the prior year.

·	Same Property Net Operating Income for the first quarter of 2013 increased 5.2% over the prior year.

·	The total portfolio was 94.5% leased at March 31, 2013.

·	Generated aggregate new and renewal leasing spreads of 16%.

·	Shop leased percentage increased to 83.3%.

Acquisitions

·	Acquired Shoppes of Eastwood, a Publix-anchored shopping center in Orlando, Florida in January for $11.6 million.

·	Subsequent to the end of the quarter, the Company acquired shopping centers in Nashville, Tennessee and Indianapolis, Indiana for a total purchase price of $77 million.

Development

·	Opened over 160,000 square feet at Delray Marketplace in Delray Beach, Florida including anchor tenants Publix and Frank Theatres CineBowl & Grille.

·	Completed the grand opening for Phase I of Holly Springs Towne Center in Holly Springs, North Carolina (Raleigh MSA), which included anchor tenants Dick’s Sporting Goods, Michaels and PETCO, as well as a non-owned Target.

·	Opened the primary anchor tenants Grocery Outlet and Do It Best Hardware at Four Corner Square in Maple Valley, Washington (Seattle MSA).

Capital Markets

·	Subsequent to the end of the quarter, issued 13.5 million common shares at $6.55 per share for net proceeds of $84.6 million which will be used to fund acquisitions and redevelopment costs.

·	Reduced the interest rate and extended the maturity date on the $200 million unsecured revolving credit facility.

Financial and Operating Results

For the three months ended March 31, 2013, funds from operations (“FFO”), a widely accepted supplemental measure of REIT performance established by the National Association of Real Estate Investment Trusts, was $11.6 million, or $0.14 per diluted share for the Kite Portfolio, compared to $7.9 million, or $0.11 per diluted share, as adjusted, for the same period in the prior year. Without the adjustment of a $1.3 million litigation charge, FFO for the first quarter of 2012 for the Kite Portfolio was $0.09 per diluted share. The Company’s allocable share of FFO was $10.6 million for the three months ended March 31, 2013 compared to $5.9 million for the same period in 2012.

Given the nature of the Company’s business as a real estate owner and operator, the Company believes that FFO and FFO, as adjusted, are helpful to investors when measuring operating performance because they exclude various items included in net income or loss that do not relate to or are not indicative of operating performance, such as gains or losses from sales and impairments of operating properties, 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 the litigation charge recorded in the first quarter of 2012 and the write-off of deferred loan costs in the first quarter of 2013. We believe this supplemental information provides a meaningful measure of our operating performance. The Company believes presenting FFO in this manner allows investors and other interested parties to form a more meaningful assessment of the Company’s operating results. A reconciliation of net income to FFO and adjusted FFO are included in the attached table.

Net loss attributable to common shareholders was $82,000 for the first quarter of 2013, compared to net loss for the same period in the prior year of $31,000. The Company’s total revenue for the first quarter of 2013 was $32.1 million, a 29% increase over the same period in 2012. This increase is due to tenants opening for business at development properties, the effect of properties acquired in 2012 and 2013, and gains on sales of land parcels. This increased revenue generated an additional $2.2 million of recurring operating income from the properties in the first quarter of 2013 compared to the same period in 2012. This increase was offset by higher depreciation expense of $2.6 million and the Company’s $3.1 million share of a $5.2 million total gain on the 2012 sale of Gateway Shopping Center.

John A. Kite, Kite Realty Group’s Chairman and Chief Executive Officer, said "2013 is off to a strong start as our team continues to capitalize on opportunities on many fronts including acquisitions, development, and capital markets activities. We had very successful tenant openings at our Delray Marketplace, Phase I of Holly Springs Towne Center, and Four Corner Square development projects during the quarter. Additionally, we continue to be successful in acquiring high quality retail properties in growth markets."

Operating Portfolio

As of March 31, 2013, the Company owned interests in 55 retail operating properties totaling approximately 8.5 million square feet. The owned gross leasable area (“GLA”) in the Company’s retail operating portfolio was 94.5% leased as of March 31, 2013, compared to 93.4% leased as of March 31, 2012.

The Company owns two operating commercial properties totaling 0.4 million square feet. As of March 31, 2013, the owned net rentable area of the commercial operating portfolio was 94.0% leased. The combined leased percentage for the retail and commercial operating portfolios was 94.5% as of March 31, 2013.

On a same property basis, the leased percentage of 49 same store operating properties increased to 94.2% at March 31, 2013 from 93.1% at March 31, 2012. Same property net operating income for these properties increased 5.2% in the first quarter of 2013 compared to the same period in the prior year.

The Company believes that NOI 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. 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.

Leasing Activities

During the first quarter of 2013, the Company executed 31 new and renewal leases for a total of 148,860 square feet. The Company generated positive leasing spreads in the quarter with new leases up 20.6% and renewals up 0.4% for a blended spread of 16% on spaces vacant less than twelve months.

Development Activities

As of March 31, 2013, the Company owned interests in six in-process development/redevelopment projects that were 83.4% pre-leased or committed. The total estimated cost of these projects is approximately $244.3 million, of which approximately $193.9 million had been incurred as of March 31, 2013.

At Delray Marketplace, we completed successful tenant openings during February and March including anchor tenants Publix and Frank Theatres CineBowl & Grille, as well as other tenants such as Chico’s, Charming Charlie, White House | Black Market, Apricot Lane, Jos. A. Bank and Francesca’s. This $95.0 million project is currently 84.4% pre-leased or committed and 65.6% open.

At Phase I of Holly Springs Towne Center, we completed successful tenant openings during March including anchor tenants Dick’s Sporting Goods, Michaels, PETCO and a non-owned Target as well as Starbucks, Charming Charlie, Pier 1 Imports, Jos. A. Bank and Children’s Place. This $57.0 million project is currently 85.6% pre-leased or committed and 49.9% open.

At Four Corner Square, anchor tenants Grocery Outlet and Do It Best Hardware opened. This project is currently 87.1% pre-leased or committed and 64.4% open.

Acquisition and Disposition Activities

In January, the Company acquired Shoppes of Eastwood, a 69,000 square foot Publix-anchored shopping center in Orlando, Florida. The purchase price, exclusive of closing costs, was $11.6 million. The center is 99% leased.

Subsequent to quarter end, the Company acquired Cool Springs Market in Nashville, Tennessee. The center is 95% leased and is anchored by Dick’s Sporting Goods, Marshall’s, JoAnn Fabrics, Staples, and a non-owned Kroger. The purchase price, exclusive of closing costs, was $37.5 million.

Also subsequent to quarter end, the Company acquired Castleton Crossing in Indianapolis, Indiana. The center is 100% leased and is anchored by TJ Maxx, HomeGoods, Burlington Coat and Shoe Carnival. The purchase price, exclusive of closing costs, was $39.0 million.

During the quarter, the Company sold three land parcels that generated $6.8 million in gross proceeds.

Capital Markets Activities

Subsequent to the end of the quarter, the Company completed a public offering of 13.5 million common shares at a price of $6.55 per share, which generated net proceeds to the Company of approximately $84.6 million. The Company initially used $62.2 million of the proceeds to repay borrowings under our unsecured revolving credit facility and subsequently redeployed the majority of the proceeds to fund the acquisitions of Cool Springs Market, Castleton Crossing, as well as redevelopment costs.

In February, the Company amended the terms of its existing $200 million unsecured revolving credit facility. The maturity date was extended to February 2018 including an extension option and the interest rate was reduced from LIBOR plus 190 to 290 basis points to LIBOR plus 165 to 250 basis points, depending on the Company’s leverage. Additionally, the Company increased the expansion feature from $300 million to $400 million, subject to certain conditions.

Distributions

On March 18, 2013, the Board of Trustees declared a quarterly common share cash distribution of $0.06 per common share for the quarter ended March 31, 2013 payable to shareholders of record as of April 5, 2013. This distribution was paid on April 12, 2013. The Board of Trustees anticipates declaring a quarterly cash distribution for the quarter ending June 30, 2013 later in the first quarter.

2013 Earnings Guidance

The Company has increased its FFO guidance for the year ending December 31, 2013 to be within a range of $0.44 to $0.48 per diluted common share compared to its initial guidance of $0.43 to $0.47 per diluted common share and reaffirmed its net income guidance to be within a range of $0.01 to $(0.03) per diluted common share. The Company has also increased its guidance for 2013 same property net operating income to an increase of 3-4% over the prior year, a change from a 2-3% increase set forth in its initial guidance. Given the nature of the Company’s business as a real estate owner and operator, the Company believes that FFO is helpful to investors when measuring operating performance because it excludes various items included in net income that do not relate to or are not indicative of operating performance, such as gains or losses from sales, impairments of operating properties and depreciation and amortization, which can make analyses of operating performance more difficult.

Following is a reconciliation of the range of 2013 estimated diluted net loss per share to estimated diluted FFO per share:

Guidance Range for 2013	Low			High
Net (loss) income per diluted common share	$	(0.03	)	$	0.01
Depreciation and amortization		0.47			0.47
FFO per diluted common share	$	0.44		$	0.48

Earnings Conference Call

The Company will conduct a conference call to discuss its financial results on Friday, May 3rd at 1:00 p.m. eastern time. A live webcast of the conference call will be available online on the Company’s corporate website at www.kiterealty.com. The dial-in numbers are (866) 515-2907 for domestic callers and (617) 399-5121 for international callers (passcode 66474331). In addition, a telephonic replay of the call will be available until August 3, 2013. The replay dial-in telephone numbers are (888) 286-8010 for domestic callers and (617) 801-6888 for international callers (passcode 82152127).

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States. At March 31, 2013, the Company owned interests in a portfolio of 61 operating and redevelopment properties totaling approximately 9.3 million square feet and three properties currently under development totaling 0.9 million square feet.

Safe Harbor

This press release contains certain statements that are not historical fact and may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of the Company to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including, without limitation: national and local economic, business, real estate and other market conditions, particularly in light of the recent slowing of growth in the U.S. economy; 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, Texas and North Carolina; and other factors affecting the real estate industry generally. The Company refers you the documents filed by the Company from time to time with the Securities and Exchange Commission, specifically the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, which discuss these and other factors that could adversely affect the Company’s results. The Company undertakes no obligation to publicly update or revise these forward-looking statements (including the FFO and net income estimates), whether as a result of new information, future events or otherwise.

###

Kite Realty Group Trust

Consolidated Balance Sheets

(Unaudited)

	March 31, 2013			December 31, 2012
Assets:
Investment properties, at cost:
Land	$	260,147,688		$	239,690,837
Land held for development		34,692,300			34,878,300
Buildings and improvements		974,123,663			892,508,729
Furniture, equipment and other		5,001,301			4,419,918
Construction in progress		167,305,648			223,135,354
		1,441,270,600			1,394,633,138
Less: accumulated depreciation		(204,397,129	)		(194,297,531	)
		1,236,873,471			1,200,335,607
Cash and cash equivalents		14,648,955			12,482,701
Tenant receivables, including accrued straight-line rent of $12,695,482 and $12,189,449, respectively, net of allowance for uncollectible accounts		21,257,177			21,210,754
Other receivables		5,660,811			4,946,219
Investments in unconsolidated entities, at equity		15,357			15,522
Escrow deposits		11,639,175			12,960,488
Deferred costs, net		35,568,030			34,536,474
Prepaid and other assets		2,908,459			2,169,140
Total Assets	$	1,328,571,435		$	1,288,656,905

Liabilities and Equity:
Mortgage and other indebtedness	$	746,917,668		$	699,908,768
Accounts payable and accrued expenses		50,002,807			54,187,172
Deferred revenue and other liabilities		20,940,946			20,269,501
Total Liabilities		817,861,421			774,365,441

Commitments and contingencies

Redeemable noncontrolling interests in the Operating Partnership		45,991,764			37,669,803

Equity:
Kite Realty Group Trust Shareholders’ Equity:
Preferred Shares, $.01 par value, 40,000,000 shares authorized, 4,100,000 shares issued and outstanding, respectively		102,500,000			102,500,000
Common Shares, $.01 par value, 200,000,000 shares authorized 77,896,432 shares and 77,728,697 shares issued and outstanding, respectively		778,965			777,287
Additional paid in capital		505,357,780			513,111,877
Accumulated other comprehensive loss		(4,656,645	)		(5,258,543	)
Accumulated deficit		(142,800,208	)		(138,044,264	)
Total Kite Realty Group Trust Shareholders’ Equity		461,179,892			473,086,357
Noncontrolling Interests		3,538,358			3,535,304
Total Equity		464,718,250			476,621,661
Total Liabilities and Equity	$	1,328,571,435		$	1,288,656,905

Kite Realty Group Trust

Consolidated Statements of Operations

For the Three Months Ended March 31, 2013 and 2012

(Unaudited)

	Three Months Ended March 31,
	2013			2012
Revenue:
Minimum rent	$	21,354,783		$	18,461,447
Tenant reimbursements		5,712,532			5,109,674
Other property related revenue		5,005,800			1,218,880
Total revenue		32,073,115			24,790,001
Expenses:
Property operating		5,270,254			4,493,851
Real estate taxes		3,618,135			3,514,063
General, administrative, and other		2,141,613			1,821,706
Acquisition costs		176,899			—
Litigation charge, net		—			1,289,446
Depreciation and amortization		11,753,557			9,148,836
Total expenses		22,960,458			20,267,902
Operating income		9,112,657			4,522,099
Interest expense		(7,131,775	)		(6,379,217	)
Income tax benefit (expense) of taxable REIT subsidiary		28,952			(37,564	)
Other income (expense), net		46,934			(22,358	)
Income (loss) from continuing operations		2,056,768			(1,917,040	)
Discontinued operations:
Income from operations		—			408,810
Gain on sale of operating property		—			5,151,989
Income from discontinued operations		—			5,560,799
Consolidated net income		2,056,768			3,643,759
Net (income) attributable to noncontrolling interests		(24,854	)		(2,097,020	)
Net income attributable to Kite Realty Group Trust		2,031,914			1,546,739
Dividends on preferred shares		(2,114,063	)		(1,577,813	)
Net loss attributable to common shareholders	$	(82,149	)	$	(31,074	)

Net loss per common share attributable to Kite Realty Group Trust common shareholders – basic and diluted
Loss from continuing operations attributable to common shareholders	$	(0.00	)	$	(0.05	)
Income from discontinued operations attributable to common shareholders		—			0.05
Net loss attributable to common shareholders	$	(0.00	)	$	(0.00	)

Weighted average common shares outstanding – basic and diluted		77,832,499			63,713,893
Dividends declared per common share	$	0.06		$	0.06

Loss attributable to Kite Realty Group Trust common shareholders:
Loss from continuing operations	$	(82,149	)	$	(3,126,042	)
Income from discontinued operations		—			3,094,968
Net loss attributable to Kite Realty Group Trust common shareholders	$	(82,149	)	$	(31,074	)

Kite Realty Group Trust

Funds From Operations

For the Three Months Ended March 31, 2013 and 2012

(Unaudited)

	Three Months Ended March 31,
	2013			2012
Consolidated net income	$	2,056,768		$	3,643,759
Less dividends on preferred shares		(2,114,063	)		(1,577,813	)
Less net income attributable to noncontrolling interests in properties		(31,977	)		(26,770	)
Less gain on sale of operating property		—			(5,151,989	)
Add depreciation and amortization of consolidated entities, net of noncontrolling interests		11,561,282			9,717,308
Funds From Operations of the Kite Portfolio1		11,472,010			6,604,495
Less redeemable noncontrolling interests in Funds From Operations		(910,025	)		(726,494	)
Funds From Operations allocable to the Company1	$	10,561,985		$	5,878,001

Basic and Diluted FFO per share of the Kite Portfolio	$	0.14		$	0.09

Funds From Operations of the Kite Portfolio	$	11,472,010		$	6,604,495
Add back: litigation charge, net		—			1,289,446
Add back: accelerated amortization of deferred financing fees		171,572			—
Funds From Operations of the Kite Portfolio, as adjusted	$	11,643,582		$	7,893,941
Basic and Diluted FFO per share of the Kite Portfolio, as adjusted	$	0.14		$	0.11

Basic weighted average Common Shares outstanding		77,832,499			63,713,893
Diluted weighted average Common Shares outstanding		78,208,159			64,053,794
Basic weighted average Common Shares and Units outstanding		84,570,950			71,553,941
Diluted weighted average Common Shares and Units outstanding		84,946,610			71,893,841

____________________
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.

Kite Realty Group Trust

Same Property Net Operating Income

For the Three Months Ended March 31, 2013 and 2012

(Unaudited)

	Three Months Ended March 31,
	2013			2012			% Change
Number of properties at period end1		49			49

Leased percentage at period-end		94.2	%		93.1	%
Minimum rent2	$	17,474,600		$	16,747,340
Tenant recoveries		5,400,109			4,791,841
Other income		723,375			707,736
		23,598,084			22,246,917

Property operating expenses		5,165,284			4,634,005
Real estate taxes		3,376,980			3,301,224
		8,542,264			7,935,229

Net operating income – same properties (49 properties)2	$	15,055,820		$	14,311,688			5.2	%

Reconciliation to Most Directly Comparable GAAP Measure:

Net operating income – same properties	$	15,055,820		$	14,311,688
Net operating income – non-same activity		8,128,906			2,470,399
Other income (expense), net		75,886			(59,922	)
General, administrative and acquisition expenses		(2,318,512	)		(1,821,706	)
Litigation charge		—			(1,289,446	)
Depreciation expense		(11,753,557	)		(9,148,836	)
Interest expense		(7,131,775	)		(6,379,217	)
Discontinued operations		—			408,810
Gain on sale of operating property		—			5,151,989
Net income attributable to noncontrolling interests		(24,854	)		(2,097,020	)
Dividends on preferred shares		(2,114,063	)		(1,577,813	)
Net loss attributable to common shareholders	$	(82,149	)	$	(31,074	)

____________________
1	Same Property analysis excludes operating properties in redevelopment.

2	Excludes net gains from outlot sales, straight-line rent and amortization of lease intangibles, bad debt expense, and lease termination fees.

The Company believes that Net Operating Income (“NOI”) 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. 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.

EXHIBIT 99.2

QUARTERLY FINANCIAL SUPPLEMENT

MARCH 31, 2013

KITE REALTY GROUP TRUST

INVESTOR RELATIONS CONTACTS:

Dan Sink, Chief Financial Officer

Adam Basch, Investor Relations

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

SUPPLEMENTAL INFORMATION – MARCH 31, 2013

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, 2013
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
16		Top 10 Retail Tenants by Gross Leasable Area
17		Top 25 Tenants by Annualized Base Rent
18		Lease Expirations – Operating Portfolio
19		Lease Expirations – Retail Anchor Tenants
20		Lease Expirations – Retail Shops
21		Lease Expirations – Commercial Tenants
22		Summary Retail Portfolio Statistics Including Joint Venture Properties
23		Summary Commercial Portfolio Statistics
24		In-Process Development / Redevelopment Projects
25		Future Development / Redevelopment Projects
26		Property Acquisitions
27		Geographic Diversification – Operating Portfolio
28		Operating Retail Properties
32		Operating Commercial Properties
33		Retail Operating Portfolio – Tenant Breakdown

p. 2

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

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, 2013, we owned interests in 61 properties totaling approximately 9.3 million square feet and an additional 0.9 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 acquisitions and redevelopments. 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, 2013

·	Operating Retail Properties		55
·	Operating Commercial Properties		2
·	Total Properties Under Redevelopment		4
	Total Operating and Redevelopment Properties		61
·	Properties Under In-Process Development	3
·	States	11
·	Total GLA/NRA of 57 Operating Properties (excluding properties under redevelopment)	8,851,909
·	Owned GLA/NRA of 57 Operating Properties (excluding properties under redevelopment)	6,272,613
·	Projected Owned GLA of In-Process Development and Redevelopment Projects	916,880
·	Percentage of Owned GLA/NRA Leased – Total Portfolio	94.5%
·	Percentage of Owned GLA Leased – Retail Operating	94.5%
·	Percentage of Owned NRA Leased – Commercial Operating	94.0%

Stock Listing: New York Stock Exchange symbol: KRG

p. 3

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

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	Bank of America/Merrill Lynch	KeyBanc Capital Markets
Kite Realty Group Trust	Mr. Jeffrey Spector / Mr. Craig Schmidt	Mr. Jordan Sadler/Mr. Todd Thomas
30 South Meridian Street, Suite 1100	(646) 855-1363/(646) 855-3640	(917) 368-2280/(917) 368-2286
Indianapolis, IN 46204	jeff.spector@baml.com	tthomas@keybanccm.com
(317) 577-5609	craig.schmidt@baml.com	jsadler@keybanccm.com
dsink@kiterealty.com
	BMO Capital Markets	Raymond James
Adam Basch, Investor Relations	Mr. Paul E. Adornato/Mr. Joshua Patinkin	Mr. Paul Puryear/Mr. R. J. Milligan
Kite Realty Group Trust	(212) 885-4170 /(212) 883-5102	(727) 567-2253/(727) 567-2660
30 South Meridian Street, Suite 1100	paul.adornato@bmo.com	paul.puryear@raymondjames.com
Indianapolis, IN 46204	josh.patinkin@bmo.com	Richard.milligan@raymondjames.com
(317) 578-5161
abasch@kiterealty.com	Citigroup Global Markets	Stifel, Nicolaus & Company, Inc.
	Mr. Michael Bilerman/Mr. Quentin Velleley	Mr. Nathan Isbee
Transfer Agent:	(212) 816-1383/(212) 816-6981	(443) 224-1346
	michael.bilerman@citigroup.com	nisbee@stifel.com
Broadridge	Quentin.velleley@citi.com
Ms. Rosanna Garofalo
51 Mercedes Way	Hilliard Lyons	Wells Fargo Securities, LLC
Edgewood, NY 11717	Ms. Carol L. Kemple	Mr. Jeffrey J. Donnelly, CFA
(631) 392-5810	(502) 588-1839	(617) 603-4262
	Ckemple@hilliard.com	jeff.donnelly@wachovia.com
Stock Specialist:

Barclays Capital
45 Broadway
20th Floor
New York, NY 10006
(646) 333-7000

p. 4

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

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, 2013 to be filed on or about May 10, 2013, 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 recent slowing of growth in the U.S. economy;

·	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, Texas and North Carolina;

·	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, 2012, 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 and the write-off of deferred financing costs in the first quarter of 2013. 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.

p. 5

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

CORPORATE STRUCTURE CHART - MARCH 31, 2013

p. 6

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	March 31, 2013			December 31, 2012
Assets:
Investment properties, at cost:
Land	$	260,147,688		$	239,690,837
Land held for development		34,692,300			34,878,300
Buildings and improvements		974,123,663			892,508,729
Furniture, equipment and other		5,001,301			4,419,918
Construction in progress		167,305,648			223,135,354
		1,441,270,600			1,394,633,138
Less: accumulated depreciation		(204,397,129	)		(194,297,531	)
		1,236,873,471			1,200,335,607
Cash and cash equivalents		14,648,955			12,482,701
Tenant receivables, including accrued straight-line rent of $12,695,482 and $12,189,449, respectively, net of allowance for uncollectible accounts		21,257,177			21,210,754
Other receivables		5,660,811			4,946,219
Investments in unconsolidated entities, at equity		15,357			15,522
Escrow deposits		11,639,175			12,960,488
Deferred costs, net		35,568,030			34,536,474
Prepaid and other assets		2,908,459			2,169,140
Total Assets	$	1,328,571,435		$	1,288,656,905

Liabilities and Equity:
Mortgage and other indebtedness	$	746,917,668		$	699,908,768
Accounts payable and accrued expenses		50,002,807			54,187,172
Deferred revenue and other liabilities		20,940,946			20,269,501
Total Liabilities		817,861,421			774,365,441

Commitments and contingencies

Redeemable noncontrolling interests in the Operating Partnership		45,991,764			37,669,803

Equity:
Kite Realty Group Trust Shareholders’ Equity:
Preferred Shares, $.01 par value, 40,000,000 shares authorized, 4,100,000 shares issued and outstanding, respectively		102,500,000			102,500,000
Common Shares, $.01 par value, 200,000,000 shares authorized 77,896,432 shares and 77,728,697 shares issued and outstanding, respectively		778,965			777,287
Additional paid in capital		505,357,780			513,111,877
Accumulated other comprehensive loss		(4,656,645	)		(5,258,543	)
Accumulated deficit		(142,800,208	)		(138,044,264	)
Total Kite Realty Group Trust Shareholders’ Equity		461,179,892			473,086,357
Noncontrolling Interests		3,538,358			3,535,304
Total Equity		464,718,250			476,621,661
Total Liabilities and Equity	$	1,328,571,435		$	1,288,656,905

p. 7

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

CONSOLIDATED STATEMENTS OF OPERATIONS – THREE MONTHS (UNAUDITED)

	Three Months Ended March 31,
	2013			2012
Revenue:
Minimum rent	$	21,354,783		$	18,461,447
Tenant reimbursements		5,712,532			5,109,674
Other property related revenue		5,005,800			1,218,880
Total revenue		32,073,115			24,790,001
Expenses:
Property operating		5,270,254			4,493,851
Real estate taxes		3,618,135			3,514,063
General, administrative and other		2,141,613			1,821,706
Acquisition costs		176,899			—
Litigation charge, net		—			1,289,446
Depreciation and amortization		11,753,557			9,148,836
Total expenses		22,960,458			20,267,902
Operating income		9,112,657			4,522,099
Interest expense		(7,131,775	)		(6,379,217	)
Income tax benefit (expense) of taxable REIT subsidiary		28,952			(37,564	)
Other income (expense), net		46,934			(22,358	)
Income (loss) from continuing operations		2,056,768			(1,917,040	)
Discontinued operations1:
Income from operations		—			408,810
Gain on sale of operating property		—			5,151,989
Income from discontinued operations		—			5,560,799
Consolidated net income		2,056,768			3,643,759
Net (income) attributable to noncontrolling interests		(24,854	)		(2,097,020	)
Net income attributable to Kite Realty Group Trust		2,031,914			1,546,739
Dividends on preferred shares		(2,114,063	)		(1,577,813	)
Net loss attributable to common shareholders	$	(82,149	)	$	(31,074	)

Net loss per common share attributable to Kite Realty Group Trust common shareholders – basic and diluted
Loss from continuing operations attributable to common shareholders	$	(0.00	)	$	(0.05	)
Income from discontinued operations attributable to common shareholders		—			0.05
Net loss attributable to common shareholders	$	(0.00	)	$	(0.00	)

Weighted average common shares outstanding – basic and diluted		77,832,499			63,713,893
Dividends declared per common share	$	0.06		$	0.06

Loss attributable to Kite Realty Group Trust common shareholders:
Loss from continuing operations	$	(82,149	)	$	(3,126,042	)
Income from discontinued operations		—			3,094,968
Net loss attributable to Kite Realty Group Trust common shareholders	$	(82,149	)	$	(31,074	)

____________________
1	Discontinued operations reflects sales of the following operating properties: Pen Products, Indiana State Motor Pool, Sandifur Plaza, Preston Commons, and Zionsville Place in Q4 2012, Coral Springs and 50 South Morton in Q3 2012, South Elgin Commons in Q2 2012, and Gateway Shopping Center in Q1 2012. .

p. 8

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

FUNDS FROM OPERATIONS AND OTHER FINANCIAL INFORMATION – THREE MONTHS

	Three Months Ended March 31,
	2013			2012
Consolidated net income	$	2,056,768		$	3,643,759
Less dividends on preferred shares		(2,114,063	)		(1,577,813	)
Less net income attributable to noncontrolling interests in properties		(31,977	)		(26,770	)
Less gain on sale of operating property		—			(5,151,989	)
Add depreciation and amortization, net of noncontrolling interests, and other		11,561,282			9,717,308
Funds From Operations of the Kite Portfolio1		11,472,010			6,604,495
Less redeemable noncontrolling interests in Funds From Operations		(910,025	)		(726,494	)
Funds From Operations allocable to the Company1	$	10,561,985		$	5,878,001

Basic and Diluted FFO per share of the Kite Portfolio	$	0.14		$	0.09


Funds From Operations of the Kite Portfolio	$	11,472,010		$	6,604,495
Add litigation charge, net		—			1,289,446
Add accelerated amortization of deferred financing fees		171,572			—
Funds From Operations of the Kite Portfolio, as adjusted	$	11,643,582		$	7,893,941
Basic and Diluted FFO per share of the Kite Portfolio, as adjusted	$	0.14		$	0.11

Basic weighted average Common Shares outstanding		77,832,499			63,713,893
Diluted weighted average Common Shares outstanding		78,208,159			64,053,794
Basic weighted average Common Shares and Units outstanding		84,570,950			71,553,941
Diluted weighted average Common Shares and Units outstanding		84,946,610			71,893,841

Other Financial Information:
Capital expenditures2
Tenant improvements – Retail6 (Revenue Enhancing)	$	2,564,968		$	632,000
Tenant improvements – Commercial (Revenue Enhancing)		1,705,691			—
Leasing commissions – Retail		214,527			236,580
Leasing commissions – Commercial		—			—
Capital improvements3		169,366			197,850
Scheduled debt principal payments		1,728,309			1,784,246
Straight line rent – total		608,994			722,641
- term of lease		226,601			147,685
- pre-cash rent period – operating properties		133,914			477,396
- pre-cash rent period – development properties		248,479			97,560
Market rent amortization income from acquired leases		602,998			435,144
Market debt adjustment		46,628			37,215
Non-cash compensation expense		325,912			207,063
Capitalized interest		1,778,693			1,902,442
Mark to market lease amount in Deferred revenue and other liabilities on condensed consolidated balance sheet		10,307,805			8,183,021
Acreage of undeveloped, vacant land in the operating portfolio4		32.7
Mid-quarter rent commencement not recognized in income statement (annualized) 5	$	370,945

____________________
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 on the consolidated balance sheet (book value $7.0 million at March 31, 2013).
5	Reflects impact for full quarter for operating property tenants commencing cash rent in the quarter offset by terminated tenants.
6	2013 includes $1.3 million related to new anchor tenants HomeGoods and DSW at Plaza at Cedar Hill.

p. 9

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

MARKET CAPITALIZATION AS OF MARCH 31, 2013

					Total			Percent of
		Percent of			Market			Total Market
		Total Equity			Capitalization			Capitalization
Equity Capitalization:
Total Common Shares Outstanding		92.0		%		77,896,432

Operating Partnership ("OP") Units Outstanding		8.0		%		6,735,784

Combined Common Shares and OP Units		100.0		%		84,632,216

Market Price of Common Shares at March 31, 2013					$	6.74

Series A Preferred Shares						102,500,000

Total Equity Capitalization						672,921,136		48	%

Debt Capitalization:
Company Consolidated Outstanding Debt						746,917,668

Less: Partner Share of Consolidated Joint Venture Debt2						(11,276,398	)

Company Share of Outstanding Debt						735,641,270

Less: Cash and Cash Equivalents						(14,648,955	)

Total Net Debt Capitalization						720,922,315		52	%

Total Enterprise Value as of March 31, 2013					$	1,393,913,451		100	%

RATIO OF DEBT TO TOTAL UNDEPRECIATED ASSETS AS OF MARCH 31, 2013
Consolidated Undepreciated Real Estate Assets					$	1,441,270,600
Escrow and Other Deposits						11,639,175
					$	1,452,909,775

Total Consolidated Debt					$	746,917,668
Less: Cash						(14,648,955	)
					$	732,268,713

Ratio of Net Debt to Total Undepreciated Real Estate Assets						50.4	%

RATIO OF COMPANY SHARE OF DEBT TO EBITDA AS OF MARCH 31, 2013
						As Reported		As Adjusted4
Company share of consolidated debt					$	735,641,270		727,791,270
Less: Cash						(14,648,955	)	(14,648,955		)
Less: Construction loans for In-Process Developments3						(20,331,107	)	(20,331,107		)
						700,661,208		692,811,208
Q1 2013 EBITDA, annualized:
- consolidated		$	83,464,856
- pro forma adjustment1			(7,889,693	)
- minority interest EBITDA			(188,411	)		75,386,752		83,930,517
						9.3x		8.3x

1	Represents full year effect of adjustments for seasonality of percentage rent, annualization of mid-first quarter rent commencement, annualizing Shoppes of Eastwood acquisition, normalizing other property related revenue and transaction costs.
2	Includes partners’ share of Fishers Station, Beacon Hill and Bayport Commons.
3	Includes construction-related debt with no current NOI in the operating statements.
4	Reflects the utilization of $84.6 million of net proceeds from the Company’s April 2013 common stock offering of which $76.8 million was used to acquire Cool Springs Market and Castleton Crossing and $7.8 million was used to paydown the Company’s revolving line of credit. The “As Adjusted” EBITDA includes Cool Springs and Castleton Crossing and the pro-forma EBITDA from tenants at Delray Marketplace, Holly Springs Towne Center – Phase I, and Four Corner Square that are leased but for which rent has not commenced.

p. 10

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

SAME PROPERTY NET OPERATING INCOME (NOI)

	Three Months Ended March 31,
	2013			2012			% Change
Number of Same Properties at period end1		49			49

Leased percentage at period-end		94.2	%		93.1	%
Minimum rent (cash)	$	17,474,600		$	16,747,340
Tenant recoveries		5,400,109			4,791,841
Other income		723,375			707,736
		23,598,084			22,246,917

Property operating expenses		5,165,284			4,634,005
Real estate taxes		3,376,980			3,301,224
		8,542,264			7,935,229
Net operating income - same properties (49 properties)2		15,055,820			14,311,688			5.2	%

Reconciliation to Most Directly Comparable GAAP Measure:

Net operating income - same properties	$	15,055,820		$	14,311,688
Net operating income - non-same activity		8,128,906			2,470,399
Other income (expense), net		75,886			(59,922	)
General, administrative and acquisition expenses		(2,318,512	)		(1,821,706	)
Litigation charge		-			(1,289,446	)
Depreciation expense		(11,753,557	)		(9,148,836	)
Interest expense		(7,131,775	)		(6,379,217	)
Discontinued operations		-			408,810
Gain on sale of operating property		-			5,151,989
Net income attributable to noncontrolling interests		(24,854	)		(2,097,020	)
Dividends on preferred shares		(2,114,063	)		(1,577,813	)
Net loss attributable to common shareholders	$	(82,149	)	$	(31,074	)

____________________
1	Same Property analysis excludes operating properties in redevelopment.

2	Excludes net gains from outlot sales, straight-line rent and amortization of lease intangibles, bad debt expense, and lease termination fees.

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.

p. 11

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

NET OPERATING INCOME BY QUARTER

	Three Months Ended
	March 31, 2013			December 31, 2012			September 30, 2012				June 30, 2012			March 31, 2012
Revenue:
Minimum rent	$	21,354,783		$	19,973,987		$	19,332,426			$	18,761,604		$	18,461,447
Tenant reimbursements		5,678,226			5,493,941			5,033,632				4,541,108			5,109,674
Other property related revenue1		4,570,727			568,667			250,999				494,663			600,037
Parking revenue, net2		57,487			139,057			208,418				(14,526	)		180,064
		31,661,223			26,175,652			24,825,475				23,782,849			24,351,222
Expenses:
Property operating – Recoverable3		4,372,801			3,966,644			3,420,691				3,172,620			3,363,621
Property operating – Non-Recoverable3		676,583			450,565			535,934				707,764			884,192
Real estate taxes		3,427,113			3,305,445			3,075,931				2,863,376			3,321,322
		8,476,497			7,722,654			7,032,556				6,743,760			7,569,135
Net Operating Income – Properties		23,184,726			18,452,998			17,792,919				17,039,089			16,782,087

Other Expense:
General, administrative, and other		(2,141,613	)		(1,862,783	)		(1,647,116	)			(1,792,472	)		(1,821,707	)
Acquisition costs		(176,899	)		(185,263	)		(108,169	)			(70,933	)		—
		(2,318,512	)		(2,048,046	)		(1,755,285	)			(1,863,405	)		(1,821,707	)
Earnings Before Interest, Taxes, Depreciation and Amortization		20,866,214			16,404,952			16,037,634				15,175,684			14,960,380

Litigation charge		—			281,995			—				—			(1,289,446	)
Depreciation and amortization		(11,753,557	)		(9,829,147	)		(11,183,187	)			(10,211,245	)		(9,148,836	)
Interest expense		(7,131,775	)		(6,495,927	)		(6,481,825	)			(6,303,413	)		(6,379,217	)
Income tax benefit (expense) of taxable REIT subsidiary		28,952			99,989			13,385				30,174			(37,564	)
Remeasurement loss on consolidation		—			(7,979,626	)		—				—			—
Other income (expense)		46,934			110,863			99,941				20,703			(22,356	)
Income (loss) from continuing operations		2,056,768			(7,406,901	)		(1,514,052	)			(1,288,097	)		(1,917,039	)
Discontinued operations4:
Operating income from discontinued operations		—			255,851			343,059				319,348			408,809
Gain (loss) on sale of operating property, net of tax expense		—			1,913,670			(65,312	)			93,891			5,151,989
Income from discontinued operations		—			2,169,521			277,747				413,329			5,560,798
Net income (loss)		2,056,768			(5,237,380	)		(1,236,305	)			(874,858	)		3,643,759
Net (income) loss attributable to noncontrolling interest		(24,854	)		884,528			312,208				271,221			(2,097,020	)
Net income (loss) attributable to Kite Realty Group Trust		2,031,914			(4,352,852	)		(924,097	)			(603,637	)		1,546,739
Dividends on preferred shares		(2,114,063	)		(2,114,063	)		(2,114,063	)			(2,114,063	)		(1,577,813	)
Net loss attributable to common shareholders	$	(82,149	)	$	(6,466,915	)	$	(3,038,160	)	$		(2,717,700	)	$	(31,074	)

NOI/Revenue		73.2%			70.5%			71.6%				71.6%			68.9%
Recovery Ratio5
– Retail Only		79.0%			82.5%			86.4%				83.6%			84.5%
– Total Portfolio		72.8%			75.5%			77.5%				75.2%			76.4%

____________________
1	Other property related revenue includes net gains of $4.2 million on sales of land parcels and outlots in the three months ended March 31, 2013.
2	Parking revenue, net, represents the net operating results of the Eddy Street Parking Garage and the Union Station Parking Garage.
3	Recoverable expenses include total management fee expense (or G&A expense of $0.5 million) allocable to the property operations in the three months ended March 31, 2013, a portion of which is recoverable. Non-recoverable expenses primarily include bad debt and legal expenses.
4	Discontinued operations reflects sales of the following operating properties: Pen Products, Indiana State Motor Pool, Preston Commons, Sandifur Plaza, and Zionsville Place in Q4 2012, sales of Coral Springs and 50 South Morton in Q3 2012, South Elgin Commons in Q2 2012, and Gateway Shopping Center in Q1 2012.
5	“Recovery Ratio” is computed by dividing tenant reimbursements by the sum of recoverable property operating expense and real estate tax expense.

p. 12

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

SUMMARY OF OUTSTANDING DEBT AS OF MARCH 31, 2013

TOTAL OUTSTANDING DEBT
	Outstanding Amount		Ratio			Weighted Average Interest Rate1			Weighted Average Maturity (in years)
Fixed Rate Debt:									$
Consolidated		337,308,890		45	%		5.77	%		4.6
Variable Rate Debt (Hedged)		214,180,851		29	%		3.71	%		5.5
Total Fixed Rate Debt		551,489,741		74	%		4.97	%		5.0
Variable Rate Debt:
Construction Loans		103,339,986		14	%		2.39	%		1.9
Other Variable		68,899,501		9	%		2.78	%		3.1
Corporate Unsecured		237,224,200		32	%		2.36	%		5.5
Variable Rate Debt (Hedged)		-214,180,851		-29	%		-2.44	%		-5.5
Total Variable Rate Debt		195,282,836		26	%		2.44	%		2.8
Net Premiums		145,091		N/A			N/A			N/A
Total	$	746,917,668		100	%		4.31	%		4.4

SCHEDULE OF MATURITIES BY YEAR
	Mortgage Debt						Construction Loans		Total Outstanding Debt
	Scheduled Principal Payments		Term Maturities		Corporate Debt2		Construction Loans		Total Outstanding Debt
2013	$	4,210,936	$	21,187,268	$	-	$	-	$	25,398,204
2014		5,295,257		30,986,367		-		57,545,321		93,826,945
2015		5,106,889		38,301,942		-		45,794,665		89,203,496
2016		4,306,179		132,306,110		-		-		136,612,289
2017		2,668,907		52,264,371		-		-		54,933,278
2018		2,506,797		4,253,650		112,224,200		-		118,984,647
2019		2,321,206		-		125,000,000		-		127,321,206
2020		2,444,667		9,917,230		-		-		12,361,897
2021 and beyond		1,683,094		86,447,521		-		-		88,130,615
Net Premiums on Fixed Rate Debt		145,091		-		-		-		145,091
Total	$	30,689,023	$	375,664,459	$	237,224,200	$	103,339,986	$	746,917,668

____________________
1	Calculations on Hedged Debt assume a weighted average spread over LIBOR on all variable rate debt, consistent with the hedges’ designation.

2	This presentation reflects the Company’s exercise of its option to extend the maturity date by one year to February 26, 2018 for the Company’s revolving line of credit.

p. 13

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

SCHEDULE OF OUTSTANDING DEBT AS OF MARCH 31, 2013

Property		Lender	Loan Type	Interest Rate1	Maturity Date	Total Commitment	Balance as of March 31, 2013	Monthly Debt Service as of March 31, 2013
12th Street Plaza		CMBS	Fixed Rate	5.67%	8/1/13		$ 7,688,412	$62,428
Parkside Town Commons		Bank of America	Other Variable	LIBOR + 275	8/31/13		13,604,000
2013 Debt Maturities							21,292,412	2.9%

Thirty South		CMBS	Fixed Rate	6.09%	1/11/14		20,360,555	142,256
Beacon Hill Shopping Center2		Fifth Third Bank	Other Variable	LIBOR + 125	3/30/14		7,012,150
Rangeline Crossing		Associated Bank	Construction Variable	LIBOR + 225	10/31/14	18,425,000	6,727,106
50th & 12th		CMBS	Fixed Rate	5.67%	11/11/14		4,102,487	27,190
Delray Marketplace3		Bank of America/US Bank	Construction Variable	LIBOR + 200	11/18/14	62,000,000	50,818,215
2014 Debt Maturities							89,020,513	11.9%

Indian River Square		CMBS	Fixed Rate	5.42%	6/11/15		12,605,760	74,850
Plaza Volente		CMBS	Fixed Rate	5.42%	6/11/15		27,182,947	161,405
Zionsville Walgreens		Associated Bank	Construction Variable	LIBOR + 225	6/30/15	4,704,000	3,999,958
Four Corner Square		US Bank	Construction Variable	LIBOR + 225	7/10/15	22,800,000	17,271,841
Holly Springs Towne Center-Phase I		Bank of America	Construction Variable	LIBOR + 250	7/31/15	37,500,000	24,522,866
2015 Debt Maturities							85,583,372	11.5%

951 & 414		Key Bank	Other Variable	LIBOR + 275	1/3/16		7,800,000
Cool Creek Commons		CMBS	Fixed Rate	5.88%	4/11/16		17,098,544	106,534
Sunland Towne Centre		CMBS	Fixed Rate	6.01%	7/1/16		24,518,473	150,048
Pine Ridge Crossing		CMBS	Fixed Rate	6.34%	10/11/16		17,233,419	108,823
Riverchase Plaza		CMBS	Fixed Rate	6.34%	10/11/16		10,340,051	65,295
Traders Point		CMBS	Fixed Rate	5.86%	10/11/16		44,900,548	283,478
Eastgate Pavilion		Associated Bank	Other Variable	LIBOR + 225	12/31/16		16,402,500
2016 Debt Maturities							138,293,535	18.5%

Geist Pavilion		CMBS	Fixed Rate	5.78%	1/1/17		10,967,394	65,135
Ridge Plaza		TD Bank	Other Variable	LIBOR + 325	1/3/17		14,163,621
Kedron Village		CMBS	Fixed Rate	5.70%	1/11/17		29,314,694	172,379
2017 Debt Maturities							54,445,709	7.3%

Unsecured Credit Facility5,6		KeyBank (Admin. Agent)	Corporate Unsecured	LIBOR + 195	2/26/18		112,224,200
Whitehall Pike		CMBS	Fixed Rate	6.71%	7/5/18		7,095,851	77,436
2018 Debt Maturities							119,320,051	16.0%

Unsecured Term Loan6		KeyBank (Admin. Agent)	Corporate Unsecured	LIBOR + 235	4/30/19		125,000,000
2019 Debt Maturities							125,000,000	16.7%

Fishers Station		Old National Bank	Other Variable	LIBOR + 269	1/4/20		7,933,430
Bridgewater Marketplace		Old National Bank	Other Variable	LIBOR + 294	1/4/20		1,983,800
2020 Debt Maturities							9,917,230	1.3%

International Speedway Square		CMBS	Fixed Rate	5.77%	4/1/21		20,505,639	122,816
Bayport Commons7		CMBS	Fixed Rate	5.44%	9/1/21		12,867,688	74,045
Eddy Street Commons		CMBS	Fixed Rate	5.44%	9/1/21		25,000,078	143,860
Four Property Pool Loan		CMBS	Fixed Rate	5.44%	9/1/21		42,549,155	244,842
Centre at Panola, Phase I		CMBS	Fixed Rate	6.78%	1/1/22		2,977,195	36,583
2021 and Beyond Debt Maturities							103,899,755	13.9%

TOTAL NET PREMIUMS ON ACQUIRED DEBT							145,091
TOTAL DEBT PER CONSOLIDATED BALANCE SHEET							$ 746,917,668

____________________
1	At March 31, 2013, one-month LIBOR interest rate was 0.20%.
2	The Company has a preferred return, then a 50% interest. This loan is guaranteed by Kite Realty Group, LP.
3	The Company owns Delray Marketplace in a joint venture through which it earns a preferred return (which is expected to deliver over 95% of cash flow to the Company), and 50% thereafter. The loan is guaranteed by Kite Realty Group, LP.
4	Subsequent to year end this loan was paid down to $5M upon which the rate decreased to LIBOR+2.25%.
5	Assumes Company exercises its option to extend the maturity date by one year.
6	The Company has 52 unencumbered properties of which 46 are wholly owned and are guarantors under the unsecured credit facility and unsecured term loan and three of which are owned in joint ventures. The major unencumbered properties include: Broadstone Station, Cobblestone Plaza, The Corner, Courthouse Shadows, Cove Center, Estero Town Commons, Fox Lake Crossing, Glendale Town Center, King's Lake, Lithia Crossing, Market Street Village, Oleander Place, Plaza at Cedar Hill, Shoppes at Plaza Green, Publix at Greenville, Rivers Edge, Red Bank Commons, Shops at Eagle Creek, Shoppes of Eastwood, Tarpon Bay Plaza, Traders Point II, Union Station Parking Garage, Gainesville Plaza and Waterford Lakes.
7	The Company has a preferred return, then a 60% interest.

p. 14

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

SCHEDULE OF OUTSTANDING DEBT AS OF MARCH 31, 2013 (CONTINUED)

Floating Rate Debt (Hedged)1
Lender	Loan Type	LIBOR Hedge Rate	Maturity Date	Total Commitment		Balance as of March 31, 2013		Monthly Debt Service as of March 31, 2013
Associated Bank	Variable Rate (Hedged)	1.35%	12/31/16		$	15,100,000	$	16,954
TD Bank	Variable Rate (Hedged)	3.31%	1/3/17			14,163,621		39,068
Various Banks	Variable Rate (Hedged)	0.91%	2/26/18			50,000,000		37,750
Various Banks	Variable Rate (Hedged)	1.52%	4/30/19			125,000,000		158,167
Old National	Variable Rate (Hedged)	1.33%	1/4/20			9,917,230		10,992

Total					$	214,180,851	$	262,931

____________________
1	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.

p. 15

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

TOP 10 RETAIL TENANTS BY GROSS LEASABLE AREA (GLA)

As of March 31, 2013

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, 2013.

Tenant	Number of Stores		Total GLA		Number of Leases		Company Owned GLA1		Number of Anchor Owned Locations		Anchor Owned GLA2
Lowe's Home Improvement3		6		832,630		2		128,997		4		703,633
Target		7		801,032		0		0		7		801,032
Publix		11		529,480		11		529,480		0		0
Wal-Mart		3		393,161		1		103,161		2		290,000
Bed Bath & Beyond/Buy Buy Baby/Christmas Tree Shops/Cost Plus		10		282,069		10		282,069		0		0
Federated Department Stores		1		237,455		1		237,455		0		0
Dick's Sporting Goods		4		211,737		4		211,737		0		0
Beall's		4		186,607		3		150,163		1		36,444
Home Depot		1		140,000		0		0		1		140,000
Stein Mart		4		138,800		4		138,800		0		0
Total		51		3,752,971		36		1,781,862		15		1,971,109

____________________
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. 16

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

TOP 25 TENANTS BY ANNUALIZED BASE RENT1,2

As of March 31, 2013

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, 2013.

Tenant	Type of Property	Number of Stores	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	11	529,480	8.1%	$	4,657,715	$	8.80	5.3%
Bed Bath & Beyond4	Retail	10	282,069	4.3%		3,133,480		11.11	3.6%
Dick's Sporting Goods	Retail	4	211,737	3.2%		1,764,508		8.33	2.0%
Lowe's Home Improvement	Retail	2	128,997	2.0%		1,764,000		6.04	2.0%
PetSmart	Retail	5	126,992	1.9%		1,725,033		13.58	2.0%
Marsh Supermarkets	Retail	2	124,902	1.9%		1,633,958		13.08	1.9%
Indiana Supreme Court	Commercial	1	75,488	1.2%		1,346,712		17.84	1.5%
Beall’s	Retail	3	150,163	2.3%		1,201,967		8.00	1.4%
Ross Stores	Retail	4	117,761	1.8%		1,188,144		10.09	1.3%
HEB Grocery Company	Retail	1	105,000	1.6%		1,155,000		11.00	1.3%
Staples	Retail	4	77,815	1.2%		1,127,917		14.49	1.3%
Michaels	Retail	4	90,349	1.4%		1,071,356		11.86	1.2%
TJX Companies5	Retail	3	114,618	1.8%		1,060,425		9.25	1.2%
Whole Foods	Retail	2	66,144	1.0%		1,043,976		15.78	1.2%
Office Depot	Retail	4	96,060	1.5%		1,027,338		10.69	1.2%
Mattress Firm	Retail	9	36,967	0.6%		951,424		25.74	1.1%
Stein Mart	Retail	4	138,800	2.1%		936,346		6.75	1.1%
Best Buy	Retail	2	75,045	1.1%		911,993		12.15	1.0%
Walgreens	Retail	2	29,050	0.4%		901,000		31.02	1.0%
City Financial Corp	Commercial	1	52,151	0.8%		855,000		16.39	1.0%
Frank Theater CineBowl & Grille	Retail	1	62,280	1.0%		850,752		13.66	1.0%
Kmart	Retail	1	110,875	1.7%		850,379		7.67	1.0%
Dominick's	Retail	1	65,977	1.0%		841,207		12.75	1.0%
A & P	Retail	1	58,732	0.9%		725,340		12.35	0.8%
AC Moore	Retail	2	42,991	0.7%		649,446		15.11	0.7%
Total			2,970,443	45.5%	$	33,374,414	$	11.42	37.8%

____________________
1	Annualized base rent represents the monthly contractual rent for March 2013 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.

4	Includes Buy Buy Baby, Christmas Tree Shops and Cost Plus, which are owned by the same parent company.

5	Includes Marshalls and HomeGoods

p. 17

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

LEASE EXPIRATIONS – OPERATING PORTFOLIO1

As of March 31, 2013

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, 2013.

	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
2013	59	222,425	3.4%	$	2,583,082	3.01%	$	11.61	$	0
2014	85	441,078	6.8%		6,164,013	7.19%		13.97		340,475
2015	96	774,681	12.0%		10,265,927	11.97%		13.25		198,650
2016	106	846,627	13.1%		8,375,566	9.77%		9.89		0
2017	106	738,704	11.4%		10,714,266	12.50%		14.50		351,300
2018	78	595,875	9.2%		7,936,641	9.26%		13.32		0
2019	28	245,496	3.8%		3,714,957	4.33%		15.13		33,000
2020	31	411,828	6.4%		4,637,441	5.41%		11.26		156,852
2021	33	460,767	7.1%		5,626,103	6.56%		12.21		0
2022	42	491,309	7.6%		7,337,623	8.56%		14.93		0
Beyond	74	1,243,745	19.2%		18,382,339	21.43%		14.78		2,160,290
Total	738	6,472,535	100.0%	$	85,737,958	100.0%	$	13.25	$	3,240,567

____________________
1	Lease expiration table reflects rents in place as of March 31, 2013 and does not include option periods; 2013 expirations include 16 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 2013 for each applicable tenant multiplied by 12. Excludes tenant reimbursements and ground lease revenue.

p. 18

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

LEASE EXPIRATIONS – RETAIL ANCHOR TENANTS1

As of March 31, 2013

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, 2013.

	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
2013	1	103,161	1.6%	$	309,483	0.4%	$	3.00	$	0
2014	9	270,947	4.2%		2,346,613	2.7%		8.66		0
2015	19	537,827	8.3%		5,231,508	6.1%		9.73		0
2016	14	608,247	9.4%		3,643,683	4.2%		5.99		0
2017	16	464,065	7.2%		5,006,487	5.8%		10.79		0
2018	9	401,362	6.2%		3,621,431	4.2%		9.02		0
2019	8	186,989	2.9%		2,495,445	2.9%		13.35		0
2020	10	343,178	5.3%		3,060,265	3.6%		8.92		0
2021	13	390,311	6.0%		3,999,296	4.7%		10.25		0
2022	14	353,450	5.5%		4,424,298	5.2%		12.52		0
Beyond	27	940,451	14.5%		12,311,661	14.3%		13.09		990,000
Total	140	4,599,988	71.1%	$	46,450,169	54.2%	$	10.10	$	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, 2013 and does not include option periods; 2013 expirations include 0 month-to-month tenants. 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 2013 for each applicable property multiplied by 12. Excludes tenant reimbursements and ground lease revenue.

p. 19

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

LEASE EXPIRATIONS – RETAIL SHOPS

As of March 31, 2013

This table includes the following:

·	Operating retail properties; and

·	Development property tenants open for business as of March 31, 2013.

	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
2013	57	119,044	1.8%	$	2,271,283	2.8%	$	19.08	$	0
2014	75	161,253	2.5%		3,642,060	4.3%		22.59		340,475
2015	75	191,233	3.0%		4,248,672	5.0%		22.22		198,650
2016	92	238,380	3.7%		4,731,883	5.5%		19.85		0
2017	88	194,354	3.0%		4,274,955	5.0%		22.00		351,300
2018	67	176,676	2.7%		3,917,760	4.6%		22.17		0
2019	20	58,507	0.9%		1,219,513	1.4%		20.84		33,000
2020	20	58,581	0.9%		1,403,476	1.6%		23.96		156,852
2021	19	64,294	1.0%		1,485,075	1.7%		23.10		0
2022	25	86,813	1.3%		2,039,706	2.4%		23.50		0
Beyond	42	166,144	2.6%		4,071,688	4.9%		24.51		1,170,290
Total	580	1,515,279	23.4%	$	33,306,070	38.8%	$	21.98	$	2,250,567

____________________
1	Lease expiration table reflects rents in place as of March 31, 2013, and does not include option periods; 2013 expirations include 16 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 2013 for each applicable property multiplied by 12. Excludes tenant reimbursements and ground lease revenue.

p. 20

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

LEASE EXPIRATIONS – COMMERCIAL TENANTS

As of March 31, 2013

	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.
2013	1	220	0.0%	$	2,316	0.0%	$	10.53
2014	1	8,878	0.1%		175,341	0.2%		19.75
2015	2	45,621	0.7%		785,747	0.9%		17.22
2016	0	0	0.0%		0	0.0%		0.00
2017	2	80,285	1.2%		1,432,824	1.7%		17.85
2018	2	17,837	0.3%		397,450	0.5%		22.28
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
2022	3	51,046	0.8%		873,619	1.0%		17.11
Beyond	5	137,150	2.1%		1,998,990	2.3%		14.58
Total	18	357,268	5.5%	$	5,981,719	7.0%	$	16.74

____________________
1	Lease expiration table reflects rents in place as of March 31, 2013 and does not include option periods. This column also excludes ground leases.

2	Annualized base rent represents the monthly contractual rent for March 31, 2013 for each applicable property multiplied by 12. Excludes tenant reimbursements.

p. 21

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

SUMMARY RETAIL PORTFOLIO STATISTICS INCLUDING JOINT VENTURE PROPERTIES

	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
Company Owned GLA – Operating Retail1		5,892,639			5,823,319			5,497,777			5,410,070			5,393,433
Total GLA – Operating Retail1		8,471,935			8,399,075			7,972,407			8,136,770			8,110,074
Existing Owned GLA of Future Redevelopment Projects		134,867			137,867			307,805			307,805			388,494
Projected Owned GLA of In-Process Development and Redevelopment Projects		916,880			854,088			703,224			729,748			625,186
Projected Total GLA Under In-Process Development and Redevelopment Projects2		1,247,586			1,230,364			889,335			915,859			811,297
Number of Operating Retail Properties		55			54			53			53			53
Number of Retail Properties under In-Process Development		3			3			2			4			3
Number of Retail Properties under Redevelopment		4			4			5			5			5
Percentage Leased – Operating Retail		94.5	%		94.2	%		93.4	%		93.0	%		93.4	%
Annualized Base Rent & Ground Lease Revenue – Operating Retail Properties3 (excludes redevelopment)	$	75,320,004		$	74,316,457		$	70,013,160		$	68,934,944		$	69,246,689

____________________
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.

p. 22

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

SUMMARY COMMERCIAL PORTFOLIO STATISTICS

Retail Portfolio	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
Company Owned Net Rentable Area (NRA)1		379,974			381,723			381,723			583,598			583,598
Number of Operating Commercial Properties,4		2			2			2			4			4
Percentage Leased – Operating Commercial Properties		94.0	%		93.6	%		93.6	%		93.4	%		93.4	%
Annualized Base Rent – Commercial Properties2,3	$	5,981,719		$	5,958,386		$	6,094,255		$	7,344,111		$	7,336,563

____________________
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, 2013.

4	Includes the office space at Eddy Street Commons.

p. 23

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

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, 20136	Major Tenants and Non-owned Anchors
Delray Marketplace, FL8	Development	50%	Delray Beach	Q4 2012	254,686	265,399	65.6%	84.4%	$95,000	$91,203	Publix, Frank Theatres, Burt and Max's Grille, Charming Charlie, Chico's, White House/Black Market, Jos. A. Bank
Holly Springs Towne Center (formerly New Hill Place), NC – Phase I	Development	100%	Raleigh	Q1 2013	204,936	374,334	49.9%	85.6%	57,000	55,323	Target (non-owned), Dick’s Sporting Goods, Marshall’s, Michaels, PETCO, Charming Charlie, Ulta Salon, Pier 1 Imports
Four Corner Square / Maple Valley, WA9	Redevelopment	100%	Seattle	Q1 2013	108,523	118,523	64.4%	87.1%	27,500	23,681	Do It Best Hardware, Walgreens, Grocery Outlet
Rangeline Crossing (formerly The Centre), IN	Redevelopment	100%	Indianapolis	Q2 2013	84,327	84,327	20.5%	94.5%	15,500	7,295	Earth Fare, Walgreens, Old National Bank, Panera
Parkside Town Commons, NC – Phase I	Development	100%	Raleigh	Q2 2014	108,771	249,366	0.0%	59.8%10	39,000	13,191	Target (non-owned), Harris Teeter (ground lease), Jr. Box
Bolton Plaza, FL	Redevelopment	100%	Jacksonville	Q1 2014	155,637	155,637	59.8%	86.7%	10,300	3,223	Academy Sports & Outdoors, LA Fitness/Shops
Total In-Process Development / Redevelopment Projects					916,880	1,247,586	49.0%	83.4%	$244,300	$193,916
Cost incurred as of March 31, 2013 included in Construction in progress on consolidated balance sheet7										$96,640

____________________
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 47,223 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 in a joint venture through which it earns a preferred return (which is expected to deliver over 95% of cash flow to the Company), and 50% thereafter.

9	Total estimated project cost for Four Corner Square / Maple Valley was previously shown net of projected sales proceeds of $9.9 million. As a result of a change in the projected timing of the sale of a Walgreens, $4 million of related cost has been included in the total estimated project cost.

10	The owned GLA for Parkside Town Commons Phase I includes a 53,000 square foot ground lease with Harris Teeter Supermarket.

p. 24

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

FUTURE DEVELOPMENT / REDEVELOPMENT PROJECTS

Project		Project Type3	MSA	Existing Owned GLA	Estimated Total GLA1	Total Estimated Project Cost1,2		Cost Incurred as of March 31, 20132		Major Tenants and Non-owned Anchors

Courthouse Shadows, FL		Redevelopment	Naples	134,867	134,867	$	2,500	$	451	Publix, Office Max
Broadstone Station, NC	Development		Raleigh	—	345,000		19,100		16,261	Shops, Pad Sales, Jr. Boxes, Super Wal-Mart (non-owned)
Holly Springs Towne Center, NC Phase II		Development	Raleigh	—	170,000		44,300		16,081	Target (non-owned), Frank Theatres, and three Junior Anchors
Parkside Town Commons, NC – Phase II	Development		Raleigh	—	306,350		66,000		19,721	Frank Theatres, Golf Galaxy, Field & Stream, PETCO
Total				134,867	956,217	$	131,900	$	52,514

____________________
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.

Reconciliation of Construction In Progress to Consolidated Balance Sheet ($ in thousands):
Cost incurred for in-process developments (page 24)	$	96,640
Cost incurred for future developments (above)	52,514
Holly Springs Towne Center – Phase III	5,962
Apex – Phase II (residual land and related sitework)	5,508
Miscellaneous tenant improvements and small projects		6,682
Construction In Progress on Consolidated Balance Sheet	$	167,306

p. 25

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

PROPERTY ACQUISITIONS

Property	State	MSA	Date Acquired	Percentage Leased at Acquisition Date	Purchase Price		Assumed Debt		Total GLA		Owned GLA		Major Tenants and Non-owned Anchors
Shoppes of Eastwood	FL	Orlando	1/23/13	99%	$	11,600,000	$	-		69,037		69,037		Publix
Cool Springs Market	TN	Nashville	4/22/13	95%		37,500,000		-		285,000		224,000		Dick’s Sporting Goods, Marshalls, JoAnn Fabrics, Staples, Kroger (non-owned)
Castleton Crossing	IN	Indianapolis	5/1/13	100%		39,000,000		-		280,000		280,000		TJ Maxx, HomeGoods, Burlington Coat, Shoe Carnival
Year to Date					$	88,100,000	$	-		634,067		573,037

p. 26

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

GEOGRAPHIC DIVERSIFICATION - OPERATING PORTFOLIO

As of March 31, 2013

	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	22	2,249,108	35.9%	243	$	29,988,262	38.4%	$	14.03
· Retail	20	1,869,134	29.8%	225		24,006,543	30.7%		13.49
· Commercial	2	379,974	6.1%	18		5,981,719	7.7%		16.74
Florida	16	1,760,321	28.1%	230		21,570,626	27.6%		13.03
Texas	6	1,074,467	17.1%	83		12,141,072	15.6%		11.77
Georgia	3	300,052	4.8%	56		3,943,181	5.1%		14.59
South Carolina	2	263,313	4.2%	21		2,914,872	3.7%		11.60
Illinois	2	182,835	2.9%	17		2,216,357	2.8%		13.10
Ohio	1	236,230	3.8%	7		2,139,270	2.7%		9.06
New Jersey	1	115,088	1.8%	12		1,477,667	1.9%		16.07
North Carolina	1	45,530	0.7%	6		727,784	0.9%		15.98
Oregon	2	31,169	0.5%	13		492,162	0.6%		21.28
Washington	1	14,500	0.2%	1		475,000	0.6%		32.76
Total	57	6,272,613	100.0%	689	$	78,086,255	100.0%	$	13.18

____________________
1	This table includes operating retail properties, operating commercial properties, and ground lease tenants who commenced paying rent as of December 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 $3,240,567 in annualized ground lease revenue attributable to parcels and outlots owned by the Company and ground leased to tenants.

p. 27

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

OPERATING RETAIL PROPERTIES – TABLE I

As of March 31, 2013

Property1	State	MSA	Year Built/Renovated	Year Added to Operating Portfolio	Acquired, Redeveloped, or Developed	Total GLA2	Owned GLA2	Percentage of Owned GLA Leased3
12th Street Plaza	FL	Vero Beach	1978/2003	2012	Acquired	141,323	138,268	96.6%
Bayport Commons7	FL	Oldsmar	2008	2008	Developed	268,556	97,112	88.9%
Cobblestone Plaza	FL	Ft. Lauderdale	2011	2011	Developed	143,493	133,214	94.9%
Cove Center	FL	Stuart	1984/2008	2012	Acquired	154,696	154,696	96.7%
Estero Town Commons	FL	Naples	2006	2007	Developed	206,600	25,631	56.9%
Gainesville Plaza	FL	Gainesville	1970	2004	Acquired	177,826	177,826	90.9%
Indian River Square	FL	Vero Beach	1997/2004	2005	Acquired	379,246	142,706	95.9%
International Speedway Square	FL	Daytona	1999	1999	Developed	242,943	230,971	98.1%
King's Lake Square	FL	Naples	1986	2003	Acquired	85,497	85,497	88.1%
Lithia Crossing	FL	Tampa	2003	2011	Acquired	91,043	91,043	88.2%
Pine Ridge Crossing	FL	Naples	1993	2006	Acquired	258,874	105,515	97.4%
Riverchase Plaza	FL	Naples	1991/2001	2006	Acquired	78,380	78,330	99.5%
Shoppes of Eastwood	FL	Orlando	1997	2013	Acquired	69,037	69,037	98.1%
Shops at Eagle Creek	FL	Naples	1983	2003	Redeveloped	72,271	69,980	87.9%
Tarpon Bay Plaza	FL	Naples	2007	2007	Developed	276,346	82,547	96.6%
Waterford Lakes Village	FL	Orlando	1997	2004	Acquired	77,948	77,948	96.1%
Kedron Village	GA	Atlanta	2006	2006	Developed	282,125	157,345	89.7%
Publix at Acworth	GA	Atlanta	1996	2004	Acquired	69,628	69,628	87.2%
The Centre at Panola	GA	Atlanta	2001	2004	Acquired	73,079	73,079	93.6%
Fox Lake Crossing	IL	Chicago	2002	2005	Acquired	99,072	99,072	87.8%
Naperville Marketplace	IL	Chicago	2008	2008	Developed	169,600	83,763	98.1%
54th & College	IN	Indianapolis	2008	2008	Developed	20,100	-	-
Beacon Hill7	IN	Crown Point	2006	2007	Developed	127,821	57,191	80.5%
Boulevard Crossing	IN	Kokomo	2004	2004	Developed	213,696	124,631	95.9%
Bridgewater Marketplace	IN	Indianapolis	2008	2008	Developed	50,820	25,975	68.2%
Cool Creek Commons	IN	Indianapolis	2005	2005	Developed	137,107	124,646	95.6%
DePauw University Bookstore & Cafe	IN	Greencastle	2012	2012	Developed	11,974	11,974	100.0%
Eddy Street Commons (Retail Only)	IN	South Bend	2009	2010	Developed	88,143	88,143	92.8%
Fishers Station4	IN	Indianapolis	1989	2004	Acquired	116,943	116,943	95.3%
Geist Pavilion	IN	Indianapolis	2006	2006	Developed	64,114	64,114	79.5%
Glendale Town Center	IN	Indianapolis	1958/2008	2008	Redeveloped	685,827	393,002	98.5%
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	81.2%

____________________
*	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 December 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 2018. 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%); and Bayport Commons (60%).

p. 28

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

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	84,330	100.0%
The Corner	IN	Indianapolis	1984/2003	1984	Developed	42,534	42,534	93.8%
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	66.8%
Whitehall Pike	IN	Bloomington	1999	1999	Developed	128,997	128,997	100.0%
Zionsville Walgreens	IN	Indianapolis	2012	2012	Developed	14,550	14,550	100.0%
Oleander Place	NC	Wilmington	2012	2012	Redeveloped	47,610	45,530	100.0%
Ridge Plaza	NJ	Oak Ridge	2002	2003	Acquired	115,088	115,088	79.9%
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%
Shoppes at Plaza Green	SC	Greenville	2000	2012	Acquired	195,258	195,258	94.8%
Publix at Woodruff	SC	Greenville	1997	2012	Acquired	68,055	68,055	97.4%
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	97.0%
Market Street Village	TX	Hurst	1970/2004	2005	Acquired	163,625	156,625	100.0%
Plaza at Cedar Hill	TX	Dallas	2000	2004	Acquired	303,458	303,458	98.2%
Plaza Volente	TX	Austin	2004	2005	Acquired	160,333	156,333	99.1%
Sunland Towne Centre	TX	El Paso	1996	2004	Acquired	311,413	306,437	88.6%
50th & 12th	WA	Seattle	2004	2004	Developed	14,500	14,500	100.0%
Total					TOTAL	8,471,935	5,892,639	94.5%

See prior page for footnote disclosure.

p. 29

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

OPERATING RETAIL PROPERTIES – TABLE II

As of March 31, 2013

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 Anchors
12th Street Plaza	FL	Vero Beach	$1,266,401	$ -	$1,266,401	1.68%	$ 9.48	Publix, Stein Mart, Tuesday Morning, Sunshine Furniture, Planet Fitness
Bayport Commons	FL	Oldsmar	1,591,775	-	1,591,775	2.11%	18.43	PetSmart, Michaels, Target (non-owned)
Cobblestone Plaza	FL	Ft. Lauderdale	3,173,293	250,000	3,423,293	4.54%	25.09	Whole Foods, Party City, All Pets Emporium
Cove Center	FL	Stuart	1,360,521	-	1,360,521	1.81%	9.10	Publix, Beall’s
Estero Town Commons	FL	Naples	339,704	750,000	1,089,704	1.45%	23.30	Lowe's Home Improvement
Gainesville Plaza	FL	Gainesville	834,069	-	834,069	1.11%	5.16	Books-A-Million, Save-A-Lot, Wal-Mart
Indian River Square	FL	Vero Beach	1,477,601	125,000	1,602,601	2.13%	10.79	Beall's, Office Depot, Target (non-owned), Lowe's Home Improvement (non-owned)
International Speedway Square	FL	Daytona	2,423,715	418,475	2,842,190	3.77%	10.70	Bed Bath & Beyond, Stein Mart, Old Navy, Staples, Michaels, Dick’s Sporting Goods, Total Wine & More
King's Lake Square	FL	Naples	819,616	-	819,616	1.09%	10.88	Publix, Retro Fitness
Lithia Crossing	FL	Tampa	1,070,557	72,000	1,142,557	1.52%	13.33	Stein Mart, Fresh Market
Pine Ridge Crossing	FL	Naples	1,666,978	-	1,666,978	2.21%	16.21	Publix, Target (non-owned), Beall's (non-owned)
Riverchase Plaza	FL	Naples	1,190,270	-	1,190,270	1.58%	15.27	Publix
Shoppes of Eastwood	FL	Orlando	849,607	-	849,607	1.13%	12.54	Publix
Shops at Eagle Creek	FL	Naples	869,926	55,104	925,030	1.23%	14.15	Staples, Fresh Market, Lowe’s Home Improvement (non-owned)
Tarpon Bay Plaza	FL	Naples	1,723,094	100,000	1,823,094	2.42%	21.61	Cost Plus, A C Moore, Staples, Target (non-owned)
Waterford Lakes Village	FL	Orlando	913,496	-	913,496	1.21%	12.19	Winn-Dixie
Kedron Village	GA	Atlanta	2,442,424	-	2,442,424	3.24%	17.30	Bed Bath & Beyond, Ross, PETCO, Target (non-owned)
Publix at Acworth	GA	Atlanta	705,095	-	705,095	0.94%	11.61	Publix
The Centre at Panola	GA	Atlanta	795,662	-	795,662	1.06%	11.64	Publix
Fox Lake Crossing	IL	Chicago	1,165,857	-	1,165,857	1.55%	13.40	Dominick's Finer Foods
Naperville Marketplace	IL	Chicago	1,050,501	-	1,050,501	1.39%	12.79	TJ Maxx, PetSmart, Caputo’s (non-owned)
54th & College	IN	Indianapolis	-	260,000	260,000	0.35%	-	The Fresh Market (non-owned)
Beacon Hill	IN	Crown Point	665,670	-	665,670	0.88%	14.46	Strack & Van Til (non-owned), Walgreens (non-owned)
Boulevard Crossing	IN	Kokomo	1,683,655	-	1,683,655	2.24%	14.09	PETCO, TJ Maxx, Ulta Salon, Kohl's (non-owned)
Bridgewater Marketplace	IN	Indianapolis	309,770	-	309,770	0.41%	17.49	Walgreens (non-owned)
Cool Creek Commons	IN	Indianapolis	1,946,319	-	1,946,319	2.58%	16.34	The Fresh Market, Stein Mart, Bang Fitness
DePauw University Bookstore and Café	IN	Greencastle	100,119	-	100,119	0.13%	8.36	Folletts, Starbucks
Eddy Street Commons	IN	South Bend	1,923,249	-	1,923,249	2.55%	23.51	Hammes Bookstore, Urban Outfitters
Fishers Station	IN	Indianapolis	1,282,604	-	1,282,604	1.70%	11.51	Marsh Supermarkets, Goodwill, Dollar Tree
Geist Pavilion	IN	Indianapolis	834,130	-	834,130	1.11%	16.37	Goodwill, Ace Hardware
Glendale Town Center	IN	Indianapolis	2,635,097	-	2,635,097	3.50%	6.81	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	0.29%	-	Lowe's Home Improvement (non-owned)
Hamilton Crossing Centre	IN	Indianapolis	1,509,433	78,650	1,588,083	2.11%	18.64	Office Depot
Red Bank Commons	IN	Evansville	388,845	-	388,845	0.52%	13.98	Wal-Mart (non-owned), Home Depot (non-owned)

____________________
1	Annualized Base Rent Revenue represents the contractual rent for March 2013 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, 2013. 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.

p. 30

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

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 Anchors
Rivers Edge	IN	Indianapolis	2,838,554	-	2,838,554	3.77%	19.02	Buy Buy Baby, Nordstrom Rack, The Container Store, Arhaus Furniture
Stoney Creek Commons	IN	Indianapolis	998,823	-	998,823	1.33%	11.84	HH Gregg , Office Depot, LA Fitness, Lowe's Home Improvement (non-owned)
The Corner	IN	Indianapolis	587,484	-	587,484	0.78%	14.72	Hancock Fabrics
Traders Point	IN	Indianapolis	4,061,562	435,000	4,496,562	5.97%	14.65	Dick's Sporting Goods, AMC Theatre, Marsh, Bed Bath & Beyond, Michaels, Old Navy, PetSmart
Traders Point II	IN	Indianapolis	776,130	-	776,130	1.03%	24.93
Whitehall Pike	IN	Bloomington	1,014,000	-	1,014,000	1.35%	7.86	Lowe's Home Improvement
Zionsville Walgreens	IN	Indianapolis	426,000	-	426,000	0.57%	29.28	Walgreens
Oleander Place	NC	Wilmington	727,784	80,000	807,784	1.07%	15.98	Whole Foods
Ridge Plaza	NJ	Oak Ridge	1,477,667	-	1,477,667	1.96%	16.07	A&P Grocery, CVS
Eastgate Pavilion	OH	Cincinnati	2,139,270	-	2,139,270	2.84%	9.06	Best Buy, Dick's Sporting Goods, Value City Furniture, PetSmart, DSW
Cornelius Gateway	OR	Portland	214,668	-	214,668	0.29%	16.16	FedEx/Kinko’s
Shops at Otty	OR	Portland	277,494	136,300	413,794	0.55%	28.19	Wal-Mart (non-owned)
Shoppes at Plaza Green	SC	Greenville	2,237,021	-	2,237,021	2.97%	12.09	Bed Bath & Beyond, Christmas Tree Shops, Sears, Party City, Shoe Carnival, AC Moore, Old Navy
Publix at Woodruff	SC	Greenville	677,852	-	677,852	0.90%	10.23	Publix
Burlington Coat Factory	TX	San Antonio	537,000	-	537,000	0.71%	5.00	Burlington Coat
Cedar Hill Village	TX	Dallas	726,156	-	726,156	0.96%	16.94	24 Hour Fitness, JC Penney (non-owned)
Market Street Village	TX	Hurst	1,802,597	33,000	1,835,597	2.44%	11.51	Jo-Ann Fabric, Ross, Office Depot, Buy Buy Baby
Plaza at Cedar Hill	TX	Dallas	3,656,775	-	3,656,775	4.85%	12.27	Hobby Lobby, Office Max, Ross, Marshalls, Sprouts Farmers Market, Toys “R” Us/Babies “R” Us, HomeGoods, DSW
Plaza Volente	TX	Austin	2,444,019	110,000	2,554,019	3.39%	15.77	H-E-B Grocery
Sunland Towne Centre	TX	El Paso	2,974,526	115,290	3,089,816	4.10%	10.96	PetSmart, Ross, Kmart, Bed Bath & Beyond, Specs Fine Wines
50th & 12th	WA	Seattle	475,000	-	475,000	0.63%	32.76	Walgreens
Total			$72,079,437	$3,240,567	$75,320,004	100%	$12.94

See prior page for footnote disclosure.

p. 31

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

OPERATING COMMERCIAL PROPERTIES

As of March 31, 2013

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	298,346	92.4%	$	4,861,455	81.3%	$	17.64	Indiana Supreme Court, City Securities, Kite Realty Group, Lumina Foundation
Union Station Parking Garage3	Indianapolis	1986	Acquired	N/A	N/A		N/A	N/A		N/A	Denison Parking
Eddy Street Office (part of Eddy Street Commons) 4	South Bend	2009	Developed	81,628	100.0%		1,120,264	18.7%		13.72	University of Notre Dame Offices
Total				379,974	94.0%	$	5,981,719	100.0%	$	16.74

____________________
1	Annualized Base Rent represents the monthly contractual rent for March 2013 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, 2013.

3	The garage is managed by a third party.

4	The Company also owns Eddy Street Commons in South Bend, Indiana along with a parking garage that serves a hotel and the office and retail components of the property.

p. 32

Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

RETAIL OPERATING PORTFOLIO – TENANT BREAKDOWN1

As of March 31, 2013

			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
	12th Street Plaza		FL	121,376	16,892	138,268	100.0%	72.5%	96.6%	$1,059,078	$207,324	$ -	$1,266,401	$ 8.73	$0.06	$ 9.48
	Bayport Commons		FL	71,540	25,572	97,112	100.0%	58.0%	88.9%	1,133,020	458,755	-	1,591,775	15.84	0.03	18.43
	Cobblestone Plaza		FL	68,169	65,045	133,214	100.0%	89.6%	94.9%	1,207,686	1,965,607	250,000	3,423,293	17.72	0.03	25.09
	Cove Center		FL	130,915	23,781	154,696	100.0%	78.5%	96.7%	949,824	410,698	-	1,360,521	7.26	0.05	9.10
	Estero Town Commons		FL	-	25,631	25,631	0.0%	56.9%	56.9%	-	339,704	750,000	1,089,704	-	0.04	23.30
	Gainesville Plaza		FL	138,323	39,503	177,826	100.0%	59.1%	90.9%	541,211	292,858	-	834,069	3.91	0.08	5.16
	Indian River Square		FL	109,000	33,706	142,706	100.0%	82.8%	95.9%	927,000	550,601	125,000	1,602,601	8.50	0.05	10.79
	International Speedway Square		FL	203,405	27,566	230,971	100.0%	84.1%	98.1%	1,997,057	426,657	418,475	2,842,190	9.82	0.05	10.70
	King's Lake Square		FL	49,805	35,692	85,497	100.0%	71.5%	88.1%	327,054	492,562	-	819,616	6.57	0.05	10.88
	Lithia Crossing		FL	54,091	36,952	91,043	100.0%	70.9%	88.2%	469,183	601,374	72,000	1,142,557	8.67	0.04	13.33
	Pine Ridge Crossing		FL	66,351	39,164	105,515	100.0%	93.1%	97.4%	637,976	1,029,002	-	1,666,978	9.62	0.04	16.21
	Riverchase Plaza		FL	48,890	29,440	78,330	100.0%	98.6%	99.5%	386,231	804,039	-	1,190,270	7.90	0.04	15.27
	Shoppes of Eastwood		FL	51,512	17,525	69,037	100.0%	92.6%	98.1%	443,003	406,604	-	849,607		0.04	12.54
	Shops at Eagle Creek		FL	49,412	20,568	69,980	100.0%	58.7%	87.9%	607,517	262,409	55,104	925,030	12.29	0.05	14.15
	Tarpon Bay Plaza		FL	60,151	22,396	82,547	100.0%	87.5%	96.6%	1,154,808	568,286	100,000	1,823,094	19.20	0.03	21.61
	Waterford Lakes Village		FL	51,703	26,245	77,948	100.0%	88.5%	96.1%	408,452	505,044	-	913,496	7.90	0.05	12.19
	Kedron Village		GA	68,846	88,499	157,345	100.0%	81.7%	89.7%	888,086	1,554,338	-	2,442,424	12.90	0.05	17.30
	Publix at Acworth		GA	37,888	31,740	69,628	100.0%	72.0%	87.2%	337,203	367,892	-	705,095	8.90	0.06	11.61
	The Centre at Panola		GA	51,674	21,405	73,079	100.0%	78.0%	93.6%	413,392	382,270	-	795,662	8.00	0.04	11.64
	Fox Lake Crossing		IL	65,977	33,095	99,072	100.0%	63.6%	87.8%	841,207	324,650	-	1,165,857	12.75	0.06	13.40
	Naperville Marketplace		IL	61,683	22,080	83,763	100.0%	92.8%	98.1%	719,379	331,122	-	1,050,501	11.66	0.06	12.79
	54th & College		IN	-	-	-	0.0%	0.0%	0.0%	-	-	260,000	260,000	-	-	-
	Beacon Hill		IN	11,043	46,148	57,191	100.0%	75.8%	80.5%	138,038	527,633	-	665,670	12.50	0.07	14.46
	Boulevard Crossing		IN	74,440	50,191	124,631	100.0%	89.7%	95.9%	865,218	818,436	-	1,683,655	11.62	0.06	14.09
	Bridgewater Marketplace		IN	-	25,975	25,975	0.0%	68.2%	68.2%	-	309,770	-	309,770	-	0.06	17.49
	Cool Creek Commons		IN	63,600	61,046	124,646	100.0%	91.0%	95.6%	648,200	1,298,119	-	1,946,319	10.19	0.04	16.34
	DePauw University Bookstore & Cafe		IN	-	11,974	11,974	0.0%	100.0%	100.0%	-	100,119	-	100,119	-	0.12	8.36
	Eddy Street Commons		IN	20,154	67,989	88,143	100.0%	90.7%	92.8%	342,618	1,580,631	-	1,923,249	17.00	0.04	23.51
	Fishers Station		IN	72,212	44,731	116,943	100.0%	87.6%	95.3%	734,726	547,878	-	1,282,604	10.17	0.07	11.51
	Geist Pavilion		IN	38,386	25,728	64,114	77.4%	82.7%	79.5%	372,080	462,049	-	834,130	12.53	0.05	16.37
	Glendale Town Center		IN	329,546	63,456	393,002	100.0%	90.8%	98.5%	1,396,925	1,238,172	-	2,635,097	4.24	0.05	6.81
	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%	97.3%	98.3%	345,623	1,163,811	78,650	1,588,083	11.25	0.04	18.64
	Red Bank Commons		IN	-	34,258	34,258	0.0%	81.2%	81.2%	-	388,845	-	388,845	-	0.07	13.98
	Rivers Edge		IN	117,890	31,319	149,209	100.0%	100.0%	100.0%	2,084,568	753,986	-	2,838,554	17.68	0.04	19.02
	Stoney Creek Commons		IN	84,330	-	84,330	100.0%	0.0%	100.0%	998,823	-	-	998,823	11.84	-	11.84
	The Corner		IN	12,200	30,334	42,534	100.0%	91.3%	93.8%	88,450	499,034	-	587,484	7.25	0.06	14.72
	Traders Point		IN	238,721	40,963	279,684	100.0%	94.3%	99.2%	3,154,656	906,906	435,000	4,496,562	13.21	0.04	14.65
	Traders Point II		IN	-	46,600	46,600	0.0%	66.8%	66.8%	-	776,130	-	776,130	-	0.04	24.93
	Whitehall Pike		IN	128,997	-	128,997	100.0%	0.0%	100.0%	1,014,000	-	-	1,014,000	7.86	-	7.86
	Zionsville Walgreens		IN	14,550	-	14,550	100.0%	0.0%	100.0%	426,000	-	-	426,000	29.28	-	29.28
	Oleander Place		NC	30,144	15,386	45,530	100.0%	100.0%	100.0%	346,656	381,128	80,000	807,784	11.50	0.04	15.98
	Ridge Plaza		NJ	69,612	45,476	115,088	100.0%	49.1%	79.9%	971,228	506,439	-	1,477,667	13.95	0.04	16.07
	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	0.03	9.06
	Cornelius Gateway		OR	-	21,324	21,324	0.0%	62.3%	62.3%	-	214,668	-	214,668	-	0.06	16.16
	Shops at Otty		OR	-	9,845	9,845	0.0%	100.0%	100.0%	-	277,494	136,300	413,794	-	0.04	28.19
	Shoppes at Plaza Green		SC	172,587	22,671	195,258	94.1%	100.0%	94.8%	1,837,576	399,445	-	2,237,021	11.32	0.06	12.09
	Publix at Woodruff		SC	47,955	20,100	68,055	100.0%	91.0%	97.4%	395,629	282,223	-	677,852	8.25	0.06	10.23
	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%	88.8%	97.0%	531,812	194,344	-	726,156	16.50	0.05	16.94
	Market Street Village		TX	136,746	19,879	156,625	100.0%	100.0%	100.0%	1,335,407	467,190	33,000	1,835,597	9.77	0.04	11.51
	Plaza at Cedar Hill		TX	244,065	59,393	303,458	100.0%	90.7%	98.2%	2,584,631	1,072,144	-	3,656,775	10.59	0.05	12.27
	Plaza Volente		TX	105,000	51,333	156,333	100.0%	97.3%	99.1%	1,155,000	1,289,019	110,000	2,554,019	11.00	0.04	15.77
	Sunland Towne Centre		TX	265,037	41,400	306,437	88.1%	91.7%	88.6%	2,087,919	886,607	115,290	3,089,816	8.94	0.04	10.96
	50th & 12th		WA	14,500	-	14,500	100.0%	0.0%	100.0%	475,000	-	-	475,000	32.76	-	32.76
	Total			4,254,509	1,638,130	5,892,639	98.8%	83.3%	94.5%	$42,315,920	$29,763,517	$3,240,567	$75,320,004	$10.07	$21.80	$12.94

____________________
1		This table does not include annualized base rent from development property tenants open for business as of March 31, 2013. Excludes tenant reimbursements.

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Kite Realty Group Trust Supplemental Financial and Operating Statistics –3/31/13

Maryland	1-32268	11-3715772
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification Number)

30 S. Meridian Street
Suite 1100
Indianapolis, IN		46204
(Address of principal executive offices)		(Zip Code)

(317) 577-5600
(Registrant’s telephone number, including area code)

Not applicable
(Former name or former address, if changed since last report)

	KITE REALTY GROUP TRUST

Date: May 2, 2013	By:	/s/ Daniel R. Sink
		Daniel R. Sink
		Executive Vice President,
		Chief Financial Officer and Treasurer

Exhibit		Document
99.1		Kite Realty Group Trust Press Release dated May 2, 2013
99.2		Kite Realty Group Trust First Quarter 2013 Supplemental Disclosure

Exhibit No.		Description
99.1		Kite Realty Group Trust Press Release dated May 2, 2013
99.2		Kite Realty Group Trust First Quarter 2013 Supplemental Disclosure