#1KRG LISTED NYSE RIVERS EDGE Indianapolis, IN ▷ KÍTE REALTY GROUP NORDSTROM rack INVESTOR PRESENTATION 2nd Quarter 2013 8.2013 888.577.5600 kiterealty.com#2KRG LISTED NYSE KÍTE REALTY GROUP KITE REALTY GROUP 888.577.5600 kiterealty.com#3KRG LISTED NYSE KÍTE REALTY GROUP KITE REALTY GROUP TRUST TICKER SYMBOL:: KRG (NYSE since 2004) FOUNDED :: 1971 HEADQUARTERS :: Indianapolis, Indiana KITE REALTY GROUP TRUST is a full-service, vertically-integrated real estate company engaged primarily in the ownership, operation, development, construction, and acquisition of high quality neighborhood and community shopping centers in selected growth markets in the United States. PRIMARY MARKETS: Midwest / Southeast Texas (97% of Operating Portfolio GLA) PORTFOLIO :: 57 OPERATING RETAIL 2 OPERATING COMMERCIAL 4 4 REDEVELOPMENT DEVELOPMENT UNDER CONSTRUCTION 67 PROPERTIES SQUARE FOOTAGE :: (MILLIONS) 9.3 2.0 11.3 OPERATING PROPERTIES TOTAL REDEVELOPMENT/DEVELOPMENT GLA/NRA ANNUAL DIVIDEND :: $.24 2012 TOTAL RETURN :: 30.3% KITE REALTY GROUP 3#4KÍTE REALTY GROUP RETAIL REAL ESTATE MARKET U.S. Retail Completions and Vacancy Rates 35 15% RETAIL LANDSCAPE • Landlords with premium space are regaining leasing leverage. Capital recycling to enhance portfolio will continue. Limited new supply entering market. Retail store openings continue to increase. Heightened competition in grocery sector with the rise of the specialty grocers. Completions (million sf) 30 25 20 15 10 5 Completions Vacancy rate 12% Vacancy rate 9% 0 6% 1993 1995 1997 1999 2001 2003 2005 2007 Source: REIS. *Forecast. 2009 2011 2013* 2015* U.S. Retail Property Total Returns 50% 40% 30% NAREIT 20% NCREIF 10% 0% 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012* -10% -20% -30% -40% -50% Sources: NCREIF, NAREIT. *Data as of June 29, 2012. KRG LISTED NYSE KITE REALTY GROUP 4#5KÍTE REALTY GROUP 2013 KITE STRATEGY KRG LISTED NYSE Executing our Strategic Objectives Stabilizing Delray Marketplace, Holly Springs Towne Center, and Four Corner Square. • Stabilized Rangeline Crossing and moved into the operating portfolio at 91.7% leased. Leasing progress within our Operating Portfolio. 95.4% leased as of June 30, 2013, the highest occupancy achieved since Q2 2007. Growing Same-Store NOI. 4.4% for quarter ended June 30, 2013. 10th Consecutive quarter of positive SSNOI Growth. Acquiring quality shopping centers in specific submarkets within our primary market footprint. Over $160 million in acquisitions in previous 12 months. Focusing on redevelopment opportunities within our existing portfolio such as Gainesville Plaza and Kings Lake Square, where redevelopment activities have commenced. Growing EBITDA and de-levering the Balance Sheet. KITE REALTY GROUP ㄢ ANA G ୧ STR A E N SHRNTE MINKK LO 5#6KÍTE REALTY GROUP KRG LISTED NYSE OLD NAT BURT & MAXS COMPANY HIGHLIGHTS As of June 30, 2013 STABLE OPERATING PORTFOLIO Owned interest in 59 operating properties totaling approximately 9.3 million square feet. Diverse tenant base: Largest tenant (Publix Supermarket) represents 4.8% of annualized base rent. 5 mile demographics: Population - 125,800 ; Average Household Income - $84,000 INCREASED LEASING AND PRODUCTIVITY Same property net operating income for the second quarter of 2013 increased 4.4% over the same period in the prior year. Portfolio occupancy at 95.4%, up 240 bps from prior year. ▪ Aggregate cash rent spreads up 20% for the second quarter of 2013. Small shop leased percentage increased to 84.5% as of June 30, 2013 from 80.6% as of June 30, 2012. DEVELOPMENT AND REDEVELOPMENT PROGRESS Six under construction developments/redevelopments totaling $301 million that are 83.4% pre-leased. ■ DELRAY MARKETPLACE :: Construction is substantially complete at Delray Marketplace in Delray Beach, Florida and tenants began opening in January and February, including Publix Supermarket and Frank Entertainment. ⚫ HOLLY SPRINGS TOWNE CENTER (formerly New Hill Place) :: Construction is substantially complete on Phase I of Holly Springs Towne Center near Raleigh, North Carolina and tenants began to open in March 2013. ■ FOUR CORNER SQUARE :: Construction is substantially complete at Four Corner Square near Seattle, Washington. Tenants began opening in February 2013. ▪ RANGELINE CROSSING :: Redevelopment project in Carmel, Indiana anchored by Earth Fare. Tenants began opening in May 2013. Property transitioned to operating portfolio at 91.7% leased during the second quarter. ■ PARKSIDE TOWN COMMONS (PHASE I AND II) :: Located in Cary, North Carolina. To be anchored by Target, Harris Teeter, PetCo, Frank Theatres, Field & Stream, and Golf Galaxy. Projected opening for Phase I in Q2 2014 and Phase II in Q4 2014. KITE REALTY GROUP 6#7KÍTE REALTY GROUP Fler Imports COMPANY HIGHLIGHTS ACQUISITION ACTIVITY In 2013, acquired three retail centers in core markets for $88.1 million. ☐ SHOPPES OF EASTWOOD :: In February, acquired the Publix-anchored unencumbered shopping center in Orlando, Florida during the 1st quarter for $11.6 million. COOL SPRINGS MARKET :: In April, acquired center anchored by Dick's Sporting Goods, Marshall's, JoAnn Fabrics, Staples, and a non-owned Kroger for $37.5 million. CASTLETON CROSSING :: In May, acquired center anchored by TJ Maxx, HomeGoods, Burlington Coat, and Shoe Carnival for $39 million. DEBT AND CAPITAL MARKETS In the 2nd quarter, issued 15,525,000 common shares for $6.55 per share resulting in net proceeds of approximately $97.2 million, which were primarily redeployed to fund the acquisition of Castleton Crossing and Cool Springs Market. Company amended the terms of it's existing $200 million unsecured revolving line of credit, extending the maturity date to February 2018 and reducing the interest rate from LIBOR plus 190 bps to 290 bps to LIBOR plus 160 bps to 250 bps. Only $40.8 million matures over the next 12 months. Unencumbered assets valued at approximately $600 million. KRG LISTED KITE REALTY GROUP NYSE 7#8KRG LISTED NYSE. KÍTE REALTY GROUP PORTFOLIO DYNAMICS 888.577.5600 kiterealty.com#9KÍTE REALTY GROUP Four Corner Square Maple Valley NUMBER OF PERCENT OF As of OPERATING OWNED 6/30/13 PROPERTIES GLA/NRA INDIANA 24 39.0% retail 22 33.3% commercial 2 5.7% FLORIDA 15 23.7% TEXAS 6 16.1% GEORGIA TENNESSEE 31 4.5% (i) Comelius Gateway Cornelius 3.4% SOUTH CAROLINA 2 4.0% ILLINOIS 2 2.7% OHIO 1 3.5% NEW JERSEY 1 1.7% NORTH CAROLINA 1 0.7% OREGON 2 0.5% WASHINGTON 1 0.2% 59 100% (i) On July 2, 2013, the Company transferred Kedron Village to the lender. KRG LISTED NYSE Shops at Otty Clackamas GEOGRAPHIC DIVERSIFICATION OPERATING PORTFOLIO Beacon Hill Crown Point Fox Lake Crossing Fox Lake Naperville Marketplace Naperville Eddy Street Commons at Notre Dame South Bend Rangeline Crossing The Corner Greyhound Commons Hamilton Crossing Centre Carmel Fishers Station Geist Pavilion Fishers Castleton Crossing Glendale Town Center Pan Am Plaza Rivers Edge Traders Point Indianapolis Metro Area Boulevard Crossing Kokomo Market Street Village / Pipeline Point Hurst Plaza at Cedar Hill Cedar Hill Village Cedar Hill Sunland Towne Centre El Paso Stoney Creek Commons Noblesville Bridgewater Marketplace Cool Creek Commons Westfield Cool Springs Market- Nashville/Franklin Burlington Coat Factory/ Plaza Volente San Antonio Austin OPERATING UNDER CONSTRUCTION FUTURE DEVELOPMENT/REDEVELOPMENT PROJECTS (1) Primary market states in blue. Eastgate Pavilion Cincinnati Red Bank Commons Evansville Publix at Acworth Acworth Centre at Panola Lithonia Kedron Village Peachtree City Bayport Commons- Tampa/Oldsmar Lithia Crossing Tampa/Valrico Estero Town Commons Estero Courthouse Shadows Kings Lake Square Pine Ridge Crossing Riverchase Plaza Shops at Eagle Creek Tarpon Bay Plaza 951 & 41/ Naples 8 Ridge Plaza Oak Ridge Parkside Town Commons Cary Broadstone Station • Арех Holly Springs Towne Center Holly Springs Oleander Place Wilmington Bolton Plaza Jacksonville Publix at Woodruff Shops at Plaza Green Greenville Gainesville Plaza Gainesville International Speedway Square Daytona Shoppes of Eastwood Waterford Lakes Village Orlando 12th Street Plaza Indian River Square Vero Beach Cove Center Stuart Delray Marketplace Delray Beach Cobblestone Plaza Pembroke Pines KITE REALTY GROUP OP 9#10KRG LISTED NYSE KÍTE REALTY GROUP Population 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 DEMOGRAPHIC PROFILE OF PORTFOLIO MEET OUR CUSTOMERS 0 80,000 82,000 84,000 86,000 88,000 Household Income KITE REALTY GROUP DEMOGRAPHIC PROFILE 3 Mile 5 Mile 7 Mile 10 Mile 10#11KÍTE REALTY GROUP QUALITY RETAIL TENANT BASE TOP TENANTS BY ANNUALIZED BASE RENT (ABR) PERCENT OF S&P CREDIT PORTFOLIO ABR RATING Publix Supermarket 4.8% n/a Bed Bath Beyond/buy buy Baby 3.2% BBB+ Dick's Sporting Goods 2.6% n/a TJX Companies 2.1% A Lowe's Home Improvement 1.8% A- PetSmart 1.8% BB+ Marsh Supermarkets 1.7% n/a Staples 1.5% BBB Burlington Coat Factory 1.2% B- Beall's 1.2% n/a 21.9% Publix. BEALLS DICK'S SPORTING GOODS. BED BATH & BEYOND LOWE'S Home Improvement Warehouse MARSH buybuy BABY (1) Annualized base rent represents the monthly contractual rent for June 2013 for each applicable tenant multiplied by 12. Excludes tenant reimbursements. (2) S&P credit ratings for parent company as of 8/5/2013. KRG KITE REALTY GROUP LISTED NYSE STAPLES PETSMART 11#12KÍTE REALTY GROUP KRG LISTED NYSE PROPERTY STATE DEVELOPMENT PROJECTS DEVELOPMENT/REDEVELOPMENT SUMMARY PROJECTED MAJOR TENANTS/CO-ANCHORS COST COST TO DATE % LEASED / COMMITTED ACTUAL / PROJECTED OPENING UNDER CONSTRUCTION DELRAY MARKETPLACE FL Publix, Frank Theatres, Burt & Max's Grille, Charming Charlie, Chico's, Jos. A. Bank, White House | Black Market $97.5 $ 93.6 86.9% Q4 2012 HOLLY SPRINGS TOWNE CENTER NC Target (non-owned), Dick's Sporting Goods, Marshall's, Michaels, PETCO, Charming Charlie, Pier 1 Imports, 57.0 55.5 88.6% Q1 2013 Ulta Salon PARKSIDE TOWN COMMONS - PHASE I NC Target (non-owned), Harris Teeter, PETCO 39.0 17.2 77.5% Q2 2014 PARKSIDE TOWN COMMONS - PHASE II NC Frank Theatres, Golf Galaxy, Field & Stream 70.0 19.8 58.0% Q4 2014 REDEVELOPMENT PROJECTS UNDER CONSTRUCTION FOUR CORNER SQUARE BOLTON PLAZA WA FL Development Subtotal $263.5 $ 186.1 Do It Best Hardware, Walgreens, Grocery Outlet $27.5 $ 24.1 87.1% Q1 2013 Academy Sports & Outdoors, LA Fitness/Shops 10.3 3.5 88.7% Q1 2014 Redevelopment Subtotal $37.8 $27.6 Development and Redevelopment Total $301.3 $213.7 KITE REALTY GROUP 12#13KÍTE REALTY GROUP UCTION EA OUT 9173 ARAY RKETPLACE Apricot La KEY STATS OPENED Q4 2012 PROJECTED OWNED GLA:: 255,554 PROJECT COST: $97.5M ANCHORED :: Publix, Frank Theatres/IMAX Cinebowl & Grille SHOPS Chico's, White House | Black Market, Charming Charlie, JoS. A Bank, Apricot Lane, Republic of Couture, Francesca's, Burt & Max's Grille and others. KRG LISTED NYSE KITE REALTY GROUP DELRAY MARKETPLACE DELRAY BEACH, FLORIDA BURT&MAN'S 頸 EST. 2017 BURT&MAX'S BAR AND GRILLE charming CHARLE 00-00 13#14KÍTE REALTY GROUP Pier 1 Imports HOLLY SPRINGS TOWNE CENTER HOLLY SPRINGS, NORTH CAROLINA RGET KRG LISTED NYSE Michaels DICK'S KEY STATS OPENING Q1 2013 PROJECTED OWNED GLA:: 204,936 PROJECT COST: $57M PRE-LEASED/COMMITTED: : 88.6% ANCHORED :: Target, Dick's Sporting Goods, Marshall's, Michael's, PETCO SHOPS: Charming Charlie, ULTA, Pier 1 Imports, Jos A. Banks, Children's Place KITE REALTY GROUP 14#15KÍTE REALTY GROUP KEY STATS NEW DEVELOPMENT:: Phase I and II PROJECTED OWNED GLA:: 386,432 PROJECT COST: $109M PRE-LEASED/COMMITTED :: 66.5% ANCHORED :: Target, (non-owned) and Harris Teeter, PETCO, Frank Theatres, Golf Galaxy, Field & Stream KRG LISTED NYSE O TARGET PARKSIDE TOWN COMMONS RALEIGH, NORTH CAROLINA Harris Teeter Neighbood Rood Marker KITE REALTY GROUP 15#16KRG LISTED NYSE KÍTE REALTY GROUP OD PHASE II PAD 12000 5F PAD 39.000' WATER FEATURE 306 ப PARKSIDE GREEN STREET FRANK ENTERTAINMENT FIELD & STREAM ANY #SPACES TSPACES RETAIL O'Kelly Chapel KITE REALTY GROUP NC 55 RETAIL B 3 SPACES D RETAIL 2:40 SF a B PARKSIDE TOWN COMMONS RALEIGH, NORTH CAROLINA 0 100 1 D I D 10 Harris Teeter arget Mw PHASE I 1-540 WESTBOUND 29,500 AGT 16#17KRG LISTED NYSE KÍTE REALTY GROUP KEY STATS REDEVELOPMENT:: Opened Q1 2013 OWNED GLA:: 108,523 PROJECT COST:: $27.5M PRE-LEASED/COMMITTED: : 87.1% ANCHORED :: Do It Best Hardware, Walgreens, Grocery Outlet GROCERY OUTLET bargain market ЭНИИП ОБЕИТИЕ FOUR CORNER SQUARE MAPLE VALLEY, WASHINGTON JOHNSONS KITE REALTY GROUP 17#18KÍTE REALTY GROUP FULL ACCESS FILMORE STREET KEY STATS REDEVELOPMENT:: Projected Opening Q1 2014 PROJECTED OWNED GLA :: 155,637 PROJECT COST: $10.3M AFK Christian Karato FULL ACCESS ย A PRE-LEASED/COMMITTED: : 88.7% ANCHORED Academy Sports & Outdoors, LA Fitness KRG LISTED NYSE SUBWAY POND FULL ACCESS POND $1.75 RRadioShack STATE ROAD No. 21/ BLANDING BLVD (61,700 VPD) Right in/Right Out Left in Allstate Little Caesars B at&t $17.531 271.66* LA FITNESS. 37,992 SF 1900) 274.47 AD Academy SPORTS OUTDOORS 75,000 S.F. SUITE 700 CATO POND BOLTON PLAZA JACKSONVILLE, FLORIDA Retail 150 S FOV ON Ved D LINEW POND Exist. Signal At Intersection MAILBOXES FULL ACCESS & MORE BOLTON ROAD KITE REALTY GROUP 18#19KÍTE REALTY GROUP Earth Fare RANGELINE CROSSING SUCCESSFULLY REDEVELOPED OWNED GLA:: 84,327 LEASED: 91.7% ANCHORED :: Earth Fare, Walgreens, Old National Bank, Panera Bread KRG LISTED NYSE KITE REALTY GROUP RECENTLY COMPLETED pass bread panera Bread Earth Fane panera bread m 19#20KÍTE REALTY GROUP RECENTLY COMPLETED The Container Store RIVERS EDGE SUCCESSFULLY REDEVELOPED LEASED: 100% ANCHORED: Nordstrom Rack, The Container Store, buybuy Baby, Arhaus Furniture and BGI Fitness NORDSTROM rack KRG LISTED NYSE KITE REALTY GROUP WORD Hittu A 20 20#21KÍTE REALTY GROUP EDDY STREET COMMONS AT NOTRE DAME SUCCESSFULLY DEVELOPED LEASED: 96% ANCHORED :: Urban Outfitters, Hammes Bookstore, University of Notre Dame KRG LISTED NYSE UNIVERSITY OF NOTRE DAME N TWYCKENHAM DR NOTRE DAME STADIUM JOYCE CENTER ECK BASEBALL STADIUM MELISSA COOK SOFTBALL STADIUM PERFORMING ARTS CENTER THE IRISH GREEN CENTER FOR MEDICAL EDUCATION FINE ARTS MUSEUM OF NOTRE DAME (Planned) TRACK & FIELD NOTRE DAME HOCKEY ARENA INNOVATION PARK AT NOTRE DAME TECHNOLOGY PARK Angela Blvd CHAMPIONS WAY FULL SERVICE HOTEL (Planned) FAIRFIELD INN & SUITES Napoleon St COURTYARD TOWNHOMES (Planned) EDDY STREET COMMONS AT NOTRE DAME Eddy St PHASE II KITE REALTY GROUP RECENTLY COMPLETED URBAN OROURKES PUBLIC HOUSE 21#22KÍTE REALTY GROUP COBBLESTONE PLAZA SUCCESSFULLY DEVELOPED LEASED: : 95% ANCHORED: Whole Foods Creed Florida Bank MATTRESSFIRM RECENTLY COMPLETED WHOLE FOODS WHOLE FOODS KRG LISTED NYSE KITE REALTY GROUP S salsa flesta NOW OPEN PER STILL 22 22#23KÍTE REALTY GROUP QUALITATIVE CAPITAL RECYCLING STRATEGY:: Continue to dispose of lower tier or un-anchored assets while recycling the capital into quality. operating assets with strong tenancy, credit stability, and growth prospects. Acquisitions PROPERTY NAME CASTLETON CROSSING COOL SPRINGS MARKET CAPITAL RECYCLING ACQUISITION ACTIVITY . High Quality • Well below Replacement Cost Neighborhood Grocery Anchored community/Regional • Power Shopping KRG LISTED NYSE DISPOSITION ACTIVITY • • • • Un-anchored Strip Center Lower Tier Non-strategic Commercial/Industrial Single Tenant ACQUISITION/DISPOSITION 2012-2013 SUMMARY LOCATION ANCHORS CONTRACT PRICE TOTAL SF (MM) (1) PRICE PER SF (2) Indianapolis, IN Nashville, TN TJ Maxx, HomeGoods, Burlington Coat, Shoe Dick's Sporting Goods, 280,000 $ 39 $ 139 224,000 $ 38 $ 167 Marshall's, JoAnn Fabrics, Staples, Kroger (non-owned) SHOPPES OF EASTWOOD COVE CENTER 12TH STREET PLAZA PUBLIX AT WOODRUFF Orlando, FL Stuart, FL Vero Beach, FL Publix 69,000 $ 12 $ 168 Publix, Beall's 159,000 $ 22 $ 139 Publix, SteinMart 136,000 $ 15 $ 111 Greenville, SC Publix 68,000 $ 9 $ 134 SHOPPES AT PLAZA GREEN Greenville, SC Bed, Bath, Beyond, Christmas Tree Shop, 194,000 $ 29 $ 148 Old Navy, Sears TOTAL CLOSED Dispositions 1,130,000 164 144 GATEWAY SHOPPING CENTER Marysville, WA SOUTH ELGIN South Elgin, IL 50 SOUTH MORTON Franklin, IN Ross, PetSmart, Rite Aid LA Fitness, Babies/Toys, Ross Convenience Store 111,000 $ 32 $ 284 128,000 $ 25 $ 195 2,000 $ 1 $ 450 CORAL SPRINGS PLAZA Coral Springs, FL Toys/Babies Combo 46,000 $ 9 $ 187 KITE PEN PRODUCTS Indpls., IN Industrial Property 86,000 $ 6 $ 66 KITE MCCARTY Indpls., IN Industrial Property 115,000 $ 4 $ 38 SANDIFUR PLAZA Pasco, WA Unanchored 12,500 $ 3 $ 208 ZIONSVILLE PLACE Zionsville, IN Unanchored 12,500 $ 2 $ 192 PRESTON COMMONS & FRISCO Dallas, TX BRIDGES Unanchored TOTAL CLOSED 27,500 $ 540,500 6 $ 204 88 224 (Approximate Purchase Price (2) Weighted Average Price PSF for Retail Properties Only KITE REALTY GROUP 23 23#24KRG LISTED NYSE KÍTE REALTY GROUP AMESON MIKE'S CARMEN HARROS TIRE Allisonville Road (38 495 AD RE HUVERTY'S PERFORMANCEAVE BICYCLEUSTER'S CASTLETON CROSSING VALUE CITY FURNITURE BURLINGTON COAT FACTORY SUPERSTORE FINANCIAL CENTER FEDERAL CREDIT CENTER EWAY CASTLE E 82nd Street (43,998 ADT). FIVE GUYS THE BRASS WORLD RECENT ACQUISITION ACTIVITY CASTLETON CROSSING AND COOL SPRINGS MARKET- INDIANA AND TENNESSEE BAV E6th Street Castleton Square Mall Ford Motor Credit HO asuna Community Health HorContyard Cool Springs Galleria ICPENNEY MACY'S SEARS GRILLE TAONATHON Seites 1-65 113,169 ADT SPORTS Netel COOL SPRINGS MARKET TRISTOF GALANY on he Station JOANN DICK'S KROGER 1-465 (111,988 ADT) TI MAXX SHOE HOME GOODS CARNIVAL BELOW TREE FIVE DOLLAR PAPA JOHN'S TRADER JOE'S BRIDAL SUPERSTORE CLARK APPLIANCE Mallory THE FLOOR Office W CREEK CAFE Chopra Mallo 203 Lak FIDELITY INVESTMENTS WELLS FARGO STAPLES MARSHALLS US BANK WENDY'S 27.467 ADT CASTLETON CROSSING LOCATION:: Indianapolis, IN ACQUIRED :: May, 2013 PURCHASE PRICE :: $39M TOTAL GLA:: 280,000 OWNED GLA :: 280,000 ANCHOR :: TJ Maxx, HomeGoods, Burlington Coat, and Shoe Carnival COOL SPRINGS MARKET LOCATION:: Nashville, TN ACQUIRED: April, 2013 PURCHASE PRICE :: $37.5M TOTAL GLA:: 285,000 OWNED GLA :: 224,000 ANCHOR :: Dick's Sporting Goods, Marshall's, JoAnn's, Staples, and a non-owned Kroger KITE REALTY GROUP 24#25KÍTE REALTY GROUP KRG LISTED NYSE SHOPPES OF EASTWOOD PUBLIX SOUTH ALAFAYA TRAIL 28,000 ADT SUNTRUST BANK RECENT ACQUISITION ACTIVITY SHOPPES AT EASTWOOD AND SHOPPES AT PLAZA GREEN- FLORIDA AND SOUTH CAROLINA GOLFWAY BLVD - 6,700 ADT GE Energy 3,300 Employed SHOPS AT GREENRIDGES MARSHALLS HOME S WORLD MARKET Independence Corporate Park 1-385 Park East Corporate Park TD Bank HQ 1:400 Employed પ. માં અલાવા સા RESTAURANT TRADERADE MY Schib ERME DEPOT 185 (97.400 ADT) SHOPPES AT PLAZA GREEN TREESHOPPE Woodruff Rd/ SR 146 (37,300 ADT) MCDONALDS (94,300 ADT) REGAL HEYWOR STADIUM FIRESTONE COSTCO MAGNOLIA PARK TOWN CENTER BABIES R US TOYS RI SPORTS AUTHORITY ROOMS TO GO CHEDDAR SHOPPES OF EASTWOOD LOCATION:: Orlando, FL ACQUIRED :: January, 2013 PURCHASE PRICE :: $11.6M TOTAL GLA :: 69,000 OWNED GLA :: 69,000 ANCHOR :: Publix SHOPPES AT PLAZA GREEN LOCATION: Greenville, SC ACQUIRED: December, 2012 PURCHASE PRICE :: $28.8M TOTAL GLA:: 195,534 OWNED GLA :: 195,534 ANCHOR :: Bed Bath & Beyond, Christmas Tree Store, Sears, Party City, Old Navy, AC Moore, Shoe Carnival KITE REALTY GROUP 25 25#26KRG LISTED NYSE KÍTE REALTY GROUP OPERATIONAL METRICS/NOI GROWTH 888.577.5600 kiterealty.com#27KÍTE REALTY GROUP 88.0% 86.0% FOCUS ON GROWING SMALL SHOP OCCUPANCY :: 6 Straight Quarters of Increased Small Shop Occupancy SMALL SHOP OCCUPANCY % PORTFOLIO OPERATING METRICS FOCUS ON OVERALL LEASING % GAINS :: 4 Consecutive Quarters of Total Leased % Growth RESULT :: REVENUE GROWTH TOTAL OCCUPANCY % 98.0% 95.4% 94.5% 94.2% 94.0% 93.4% 93.4% 93.4% 93.1% 93.0% 96.0% 84.5% 84.0% 83.3% 82.5% 81.8% 82.0% 80.6% 80.0% 79.9% 92.0% 80.0% 79.5% 78.0% 90.0% Q3 Q4 2011 2011 Q1 2012 Q2 2012 Q3 2012 2012 Q4 Q1 Q2 2013 2013 KRG LISTED NYSE Q3 2011 Q4 2011 Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013 KITE REALTY GROUP 27#28KÍTE REALTY GROUP PROPERTY OPERATING INCOME SS NOI GROWTH THE QUALITY OF OUR PORTFOLIO AND ASSET LOCATIONS ALLOWS US TO INCREASE AGGREGATE LEASING SPREADS AND GENERATE SIGNIFICANT SAME PROPERTY NOI GROWTH. LEASING SPREADS % 30.0% 25.0% 20.0% 15.0% 10.8% 10.0% 5.0% 25.5% SAME PROPERTY NET OPERATING INCOME % 7.0% 6.0% 5.7% 5.4% 5.0% 19.7% 5.0% 16.4% 4.0% 14.6% 7.2% 6.6% 4.1% 3.0% 2.4% 1.9% 2.0% 1.0% 3.1% 5.2% 4.4% 0.0% 0.0% Q3 Q4 Q1 2011 2011 2012 Q2 2012 Q3 Q4 2012 2012 Q1 2013 2013 Q2 Q3 2011 Q4 Q1 2011 2012 Q2 2012 Q3 Q4 Q1 2012 2012 2013 Q2 2013 KRG LISTED NYSE KITE REALTY GROUP 20 28#29KRG LISTED NYSE KÍTE REALTY GROUP BALANCE SHEET ACTIVITY 888.577.5600 kiterealty.com#30KÍTE REALTY GROUP Debt: 51% CAPITAL ACTIVITIES & BALANCE SHEET STRATEGY TOTAL ENTERPRISE VALUE: $1.43B Series A Preferred Shares: 7% Common Shares and Partnership Units: 42% KRG LISTED KITE REALTY GROUP NYSE REDUCED INTEREST RATE AND INCREASED FLEXIBILITY WITH THE MATURITY SCHEDULE WEIGHTED AVERAGE 20 13 INTEREST RATE MATURITY (YEARS) 2012 2011 2010 4.26% 4.51% 4.81% 5.26% 4.1 4.6 4.0 3 30 30#31KÍTE REALTY GROUP KRG LISTED NYSE PRIMARY BALANCE SHEET INITIATIVES • Manage floating rate debt to a target of less than 15% of total debt. DEBT & CAPITAL MARKET UPDATES • De-levering in process through NOI growth, acquisitions, development deliveries and non-core asset sales. SIGNIFICANT 2012/2013 CAPITAL MARKETS TRANSACTIONS • • • In October 2012, issued 12,075,000 common shares for $5.20 per share resulting in net proceeds of approximately $60 million. Closed on $125 million seven-year unsecured term loan with an interest rate of LIBOR plus 210 to 310 basis points. Closed on an amendment to the $200 million unsecured revolving credit facility that reduced the interest rate across the leverage grid between 15-20 basis points and extended the term to February of 2018, including a one-year extension option. Closed on construction loans for development/redevelopment at Four Corner Square, Rangeline Crossing, and Holly Springs Towne Center - Phase I. In April/May 2013, issued 15,525,000 common shares for $6.55 per share resulting in net proceeds of approximately $97.2 million KITE REALTY GROUP 31#32KÍTE REALTY GROUP (In millions) 165 150 135 120 105 90 90 KRG LISTED NYSE SCHEDULE OF DEBT MATURITIES SCHEDULE OF DEBT MATURITIES 75 54.3 135.0 66.4 60 60 107.6 125 25 45 30 50 39.6 15 31.3 13.6 2013 2014 54.2 2015 2016 2017 Mortgage Debt Unconsolidated Construction 7.0 2018 9.8 2019 2020 (1) Chart excludes annual principal payments and net premiums on fixed rate debt. (2) The Company transferred Kedron Village to the lender in full satisfaction of the related debt ($29.2mm) still included in 2017 scheduled debt maturities. KITE REALTY GROUP ■Line of Credit Term Loan 103.5 2021+ 32 32#33KRG LISTED NYSE KÍTE REALTY GROUP SHAREHOLDER OBJECTIVES / RETURNS 888.577.5600 kiterealty.com#34KÍTE REALTY GROUP 18.00% 16.00% TOTAL RETURN SUMMARY/THESIS KITE REALTY GROUP is focused on growth, quality, and a commitment to it's shareholders. Accretive growth through a larger asset base remains a strategic objective. The company is actively targeting select investment opportunities to enhance shareholder return. In addition, the company's commitment to it's current developments and redevelopments will provide a high quality revenue stream generated by best- in-class assets. We will also continue to enhance the existing portfolio through active management of the various revenue streams, ensuring that every aspect of our business is producing at the highest level. 2013 YTD TOTAL RETURNS (AS OF 6.30.13) 13.82% 16.19% 35.00% 30.03% 30.00% 2012 TOTAL RETURNS 14.00% 25.00% 12.00% 10.04% 10.00% 8.00% 6.00% 20.14% 20.23% 20.00% 17.77% 16.00% 16.33% 15.00% 6.16% 6.36% 10.00% 4.00% 5.00% 2.00% 0.00% 0.00% KRG S&P 500 S&P 600 SNL US REIT Equity RMS KRG S&P 500 S&P 600 NAREIT SNL US REIT Equity RMS KRG LISTED NYSE KITE REALTY GROUP 34#35KÍTE REALTY GROUP DICK'S Michaels DEL MARKET IMAX MOY ES SAFE HARBOR FRANK TITRES Cinebou &CRI -BOWLING - GAM 4 BOR RILLE This presentation 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 and Texas; assumptions underlying our anticipated growth sources; and other factors affecting the real estate industry generally. The Company refers you to 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. KRG LISTED NYSE KITE REALTY GROUP 55 35