Investor Presentaiton

KÍTE 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

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