Kite Realty Group Trust (Kite Realty Group Trust) Cash And Cash Equivalents : $36.4 Mil (As of Dec. 2023)

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What is Kite Realty Group Trust Cash And Cash Equivalents?

Kite Realty Group Trust's quarterly cash and cash equivalents declined from Jun. 2023 ($129.25 Mil) to Sep. 2023 ($52.32 Mil) but then stayed the same from Sep. 2023 ($52.32 Mil) to Dec. 2023 ($36.41 Mil).

Kite Realty Group Trust's annual cash and cash equivalents increased from Dec. 2021 ($93.24 Mil) to Dec. 2022 ($115.80 Mil) but then declined from Dec. 2022 ($115.80 Mil) to Dec. 2023 ($36.41 Mil).

Kite Realty Group Trust Cash And Cash Equivalents Historical Data

The historical data trend for Kite Realty Group Trust's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kite Realty Group Trust Cash And Cash Equivalents Chart

Kite Realty Group Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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31.34

43.65

93.24

115.80

36.41

Kite Realty Group Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															115.80	43.73	129.25	52.32	36.41

Kite Realty Group Trust Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Kite Realty Group Trust (NYSE:KRG) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Kite Realty Group Trust Cash And Cash Equivalents Related Terms

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Kite Realty Group Trust (Kite Realty Group Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kite Realty Group Trust (NYSE:KRG) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

FGC1:Germany

Address

30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204

Website

https://www.kiterealty.com

Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.

Executives

Steven P Grimes	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
John A Kite	director, officer: CEO, Pres & Trustee	KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Charles H Wurtzebach	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Gerald M Gorski	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Peter L Lynch	director	2021 SPRING ROAD SUITE 200, OAK BROOK IL 60523
Derrick Burks	director	C/O EQUITY LIFESTYLE PROPERTIES INC, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Caroline L. Young	director	C/O KITE REALTY GROUP TRUST, 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
R Fear Heath	officer: EVP & Chief Financial Officer	C/O GGP INC., 350 N. ORLEANS, SUITE 300, CHICAGO IL 60654
Lee A Daniels	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
William E Bindley	director
Barton R Peterson	director	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
David Buell	officer: Senior VP & CAO	KITE REALTY GROUP TRUST, 30 SOUTH MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Thomas K Mcgowan	officer: EVP & COO	KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Thomas R Olinger	officer: Senior VP & CAO	30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204