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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

$ / shares

Dec. 31, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between compensation actually paid (calculated pursuant to Item 402(v)) and the Company’s performance.

PAY VERSUS PERFORMANCE TABLE


	Year			Summary Compensation Table Total for PEO(1)			Compensation Actually Paid to PEO(1)(2)			Average Summary Compensation Table Total for Non-PEO NEOs(1)			Average Compensation Actually Paid to Non-PEO NEOs(1)(2)			Value of Initial Fixed $100 Investment Based on:
	Year			Summary Compensation Table Total for PEO(1)			Compensation Actually Paid to PEO(1)(2)						Average Compensation Actually Paid to Non-PEO NEOs(1)(2)			Total Shareholder Return(3)			Peer Group Total Shareholder Return(3)(4)			Net Income			FFO per share(5)
	2024			$6,906,444			$11,713,516			$2,711,978			$4,461,148			$159.42			$123.25			$4,071,000			$2.09
	2023			$6,887,961			$10,722,993			$2,644,784			$3,756,669			$138.06			$113.35			$47,498,000			$2.03
	2022			$10,245,701			$5,427,279			$3,988,896			$3,148,121			$121.47			$99.67			$(12,636,000)			$1.93
	2021			$5,815,004			$23,465,527			$2,363,236			$6,425,714			$120.51			$131.78			$(80,806,000)			$1.50
	2020			$7,355,183			$10,081,048			$3,082,212			$2,849,483			$79.85			$92.00			$(16,223,000)			$1.29

(1)	Reflects summary compensation table amounts and Compensation Actually Paid to our PEO and the average summary compensation table amounts and Compensation Actually Paid to our Non-PEO NEOs, which includes the individuals indicated in the table below for each fiscal year:


	Year			PEO			Non-PEO NEOs
	2024			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2023			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2022			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2021			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2020			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO), Heath R. Fear (EVP & CFO), and Scott E. Murray (Former EVP, General Counsel and Secretary)

(2)	Compensation Actually Paid is calculated in accordance with SEC rules. Adjustments made to each NEO’s total compensation for each year to determine Compensation Actually Paid are shown in the table below:


	Adjustments to Determine Compensation “Actually Paid” for PEO			2024			2023			2022			2021			2020
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table			$ (3,213,639)			$(3,051,634)			$(6,411,946)			$(2,425,631)			$(5,470,164)
	Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end			$6,119,374			$4,725,216			$7,698,026			$3,865,837			$8,139,389
	Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end			$34,066			$360,207			$(5,370,914)			$15,697,507			$799,310
	Increase for Fair Value of Awards Granted during year that Vested during year			$—			$—			$—			$—			$—
	Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year			$1,545,346			$1,482,476			$(971,346)			$335,145			$(789,740)
	Deduction of Prior Year-end Fair Value of Awards that were Forfeited			$—			$—			$—			$—			$—
	Increase for Value of Dividends Paid on Unvested Awards not otherwise reflected in the fair value or other component of total compensation			$321,925			$318,767			$237,758			$177,665			$47,070
	Total Adjustments			$4,807,072			$3,835,032			$(4,818,422)			$17,650,523			$2,725,865


	Adjustments to Determine Compensation “Actually Paid” for Non-PEO NEOs (Average)			2024			2023			2022			2021			2020
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table			$(1,026,287)			$(949,932)			$(2,274,376)			$(805,457)			$(1,649,618)
	Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end			$1,959,462			$1,478,707			$2,622,173			$1,242,581			$1,611,413
	Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end			$22,869			$69,475			$(1,062,962)			$3,452,721			$59,809
	Increase for Fair Value of Awards Granted during year that Vested during year			$—			$—			$—			$—			$75,604
	Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year			$682,994			$398,093			$(218,857)			$98,591			$(245,980)
	Deduction of Prior Year-end Fair Value of Awards that were Forfeited			$—			$—			$—			$—			$(100,000)
	Increase for Value of Dividends Paid on Unvested Awards not otherwise reflected in the fair value or other component of total compensation			$110,132			$115,542			$93,247			$74,042			$16,043
	Total Adjustments			$1,749,170			$1,111,885			$(840,775)			$4,062,478			$(232,729)

The valuation assumptions used to calculate the fair values were updated as of each measurement date and will differ from those disclosed as of the grant date; however, the methodology used to develop the valuation assumptions as of each applicable measurement date is consistent with those disclosed at the time of grant. Fair value conclusions also include the application of a discount to account for the lack of marketability, or illiquidity, associated with the post-vest restriction period and the uncertainty regarding if the book capital account of LTIP Units equals that of common units. For the 2022 Merger Awards, we have assumed achievement at the maximum level of performance for purposes of computing the increase in fair value.

(3)	Reflects the value of an initial investment of $100 on December 31, 2019, assuming dividends are reinvested throughout the period.

(4)	Reflects the FTSE Nareit All Equity REITs Index.

(5)

Reflects FFO, as adjusted, in 2020 for severance charges; in 2021 and 2022 for merger and acquisition costs and excludes the impact of prior period bad debt or the collection of accounts receivable previously written off; and in 2024 for the impact of the outperformance component of short-term incentive compensation.

Company Selected Measure Name

FFO per Share

Named Executive Officers, Footnote

(1)	Reflects summary compensation table amounts and Compensation Actually Paid to our PEO and the average summary compensation table amounts and Compensation Actually Paid to our Non-PEO NEOs, which includes the individuals indicated in the table below for each fiscal year:


	Year			PEO			Non-PEO NEOs
	2024			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2023			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2022			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2021			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO)
	2020			John A. Kite (Chairman & CEO)			Thomas K. McGowan (President & COO), Heath R. Fear (EVP & CFO), and Scott E. Murray (Former EVP, General Counsel and Secretary)

Peer Group Issuers, Footnote

(4)	Reflects the FTSE Nareit All Equity REITs Index.

PEO Total Compensation Amount

$ 6,906,444

$ 6,887,961

$ 10,245,701

$ 5,815,004

$ 7,355,183

PEO Actually Paid Compensation Amount

$ 11,713,516

10,722,993

5,427,279

23,465,527

10,081,048

Adjustment To PEO Compensation, Footnote

(2)	Compensation Actually Paid is calculated in accordance with SEC rules. Adjustments made to each NEO’s total compensation for each year to determine Compensation Actually Paid are shown in the table below:


	Adjustments to Determine Compensation “Actually Paid” for PEO			2024			2023			2022			2021			2020
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table			$ (3,213,639)			$(3,051,634)			$(6,411,946)			$(2,425,631)			$(5,470,164)
	Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end			$6,119,374			$4,725,216			$7,698,026			$3,865,837			$8,139,389
	Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end			$34,066			$360,207			$(5,370,914)			$15,697,507			$799,310
	Increase for Fair Value of Awards Granted during year that Vested during year			$—			$—			$—			$—			$—
	Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year			$1,545,346			$1,482,476			$(971,346)			$335,145			$(789,740)
	Deduction of Prior Year-end Fair Value of Awards that were Forfeited			$—			$—			$—			$—			$—
	Increase for Value of Dividends Paid on Unvested Awards not otherwise reflected in the fair value or other component of total compensation			$321,925			$318,767			$237,758			$177,665			$47,070
	Total Adjustments			$4,807,072			$3,835,032			$(4,818,422)			$17,650,523			$2,725,865

The valuation assumptions used to calculate the fair values were updated as of each measurement date and will differ from those disclosed as of the grant date; however, the methodology used to develop the valuation assumptions as of each applicable measurement date is consistent with those disclosed at the time of grant. Fair value conclusions also include the application of a discount to account for the lack of marketability, or illiquidity, associated with the post-vest restriction period and the uncertainty regarding if the book capital account of LTIP Units equals that of common units. For the 2022 Merger Awards, we have assumed achievement at the maximum level of performance for purposes of computing the increase in fair value.

Non-PEO NEO Average Total Compensation Amount

$ 2,711,978

2,644,784

3,988,896

2,363,236

3,082,212

Non-PEO NEO Average Compensation Actually Paid Amount

$ 4,461,148

3,756,669

3,148,121

6,425,714

2,849,483

Adjustment to Non-PEO NEO Compensation Footnote

(2)	Compensation Actually Paid is calculated in accordance with SEC rules. Adjustments made to each NEO’s total compensation for each year to determine Compensation Actually Paid are shown in the table below:


	Adjustments to Determine Compensation “Actually Paid” for Non-PEO NEOs (Average)			2024			2023			2022			2021			2020
	Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table			$(1,026,287)			$(949,932)			$(2,274,376)			$(805,457)			$(1,649,618)
	Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end			$1,959,462			$1,478,707			$2,622,173			$1,242,581			$1,611,413
	Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end			$22,869			$69,475			$(1,062,962)			$3,452,721			$59,809
	Increase for Fair Value of Awards Granted during year that Vested during year			$—			$—			$—			$—			$75,604
	Increase/deduction for Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year			$682,994			$398,093			$(218,857)			$98,591			$(245,980)
	Deduction of Prior Year-end Fair Value of Awards that were Forfeited			$—			$—			$—			$—			$(100,000)
	Increase for Value of Dividends Paid on Unvested Awards not otherwise reflected in the fair value or other component of total compensation			$110,132			$115,542			$93,247			$74,042			$16,043
	Total Adjustments			$1,749,170			$1,111,885			$(840,775)			$4,062,478			$(232,729)

The valuation assumptions used to calculate the fair values were updated as of each measurement date and will differ from those disclosed as of the grant date; however, the methodology used to develop the valuation assumptions as of each applicable measurement date is consistent with those disclosed at the time of grant. Fair value conclusions also include the application of a discount to account for the lack of marketability, or illiquidity, associated with the post-vest restriction period and the uncertainty regarding if the book capital account of LTIP Units equals that of common units. For the 2022 Merger Awards, we have assumed achievement at the maximum level of performance for purposes of computing the increase in fair value.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

TABULAR LIST OF IMPORTANT FINANCIAL MEASURES

The following table reflects the financial measures that we have determined represent the most important financial measures used to link Compensation Actually Paid to performance for 2024:


Most Important Financial Measures
FFO per Share
Same Property NOI
Retail Portfolio Leased Rate
Relative TSR vs. Nareit Equity Shopping Center REITs

Total Shareholder Return Amount

$ 159.42

138.06

121.47

120.51

79.85

Peer Group Total Shareholder Return Amount

123.25

113.35

99.67

131.78

92

Net Income (Loss)

$ 4,071,000

$ 47,498,000

$ (12,636,000)

$ (80,806,000)

$ (16,223,000)

Company Selected Measure Amount | $ / shares

2.09

2.03

1.93

1.5

1.29

John A. Kite

John A. Kite

John A. Kite

John A. Kite

John A. Kite

Pay vs Performance Disclosure

FFO per Share

Pay vs Performance Disclosure

Same Property NOI

Pay vs Performance Disclosure

Retail Portfolio Leased Rate

Pay vs Performance Disclosure

Relative TSR vs. Nareit Equity Shopping Center REITs

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 4,807,072

$ 3,835,032

$ (4,818,422)

$ 17,650,523

$ 2,725,865

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,213,639)

(3,051,634)

(6,411,946)

(2,425,631)

(5,470,164)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

6,119,374

4,725,216

7,698,026

3,865,837

8,139,389

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

34,066

360,207

(5,370,914)

15,697,507

799,310

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,545,346

1,482,476

(971,346)

335,145

(789,740)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

321,925

318,767

237,758

177,665

47,070

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,749,170

1,111,885

(840,775)

4,062,478

(232,729)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,026,287)

(949,932)

(2,274,376)

(805,457)

(1,649,618)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,959,462

1,478,707

2,622,173

1,242,581

1,611,413

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

22,869

69,475

(1,062,962)

3,452,721

59,809

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

75,604

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

682,994

398,093

(218,857)

98,591

(245,980)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

(100,000)

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 110,132

$ 115,542

$ 93,247

$ 74,042

$ 16,043