Kite Realty Group Trust Announces Tax Reporting Information for 2008 Dividend Distributions

Business Wire, Jan 12, 2009

INDIANAPOLIS -- Kite Realty Group Trust (NYSE: KRG) (the "Company") announced today that the tax allocations of its 2008 dividend distributions for the Company's common shares of beneficial interest represents 13.320 percent ordinary income, 10.445 percent capital gain, and 76.235 percent return of capital. The Company had no qualifying dividend income in 2008. The allocations on the common shares for 2008 were based upon the annual dividend distribution of $0.8200 per share.

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About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust focused primarily on the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers in selected markets in the United States. The Company owns interests in a portfolio of operating retail properties, retail properties under development, operating commercial properties, a related parking garage, and parcels of land that may be used for future development of retail or commercial properties.

Safe Harbor

Certain statements in this document that are not historical fact 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; the ability of tenants to pay rent; the competitive environment in which the Company operates; financing risks; property management risks; the level and volatility of interest rates; financial stability of tenants; the Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition, disposition, development and joint venture risks; potential environmental and other liabilities; 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, which discusses 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 whether as a result of new information, future events or otherwise.