Kite Realty Group Trust (NYSE:KRG) Q4 2022 Earnings Call Transcript

Todd Thomas: Okay, understood. Alright, that’s helpful. Thank you.

John Kite: And remember, when we say it’s identified, Todd, it’s a little bit of a moving target, multiple lists, as Tom has referred to. I think their view on the world is maybe different today than it was 3 months ago. So, we will see where that all plays out.

Tom McGowan: Yes. No direct communication on those 3 whatsoever.

Heath Fear: So, Todd, just to make sure that we are abundantly clear, the 75 basis points is a combination of some ones that we think are going to close for sure, and then handicapping in the balance of them. So, hopefully that answers your question more directly.

Todd Thomas: Yes, it does. John, you just €“ made me think of one more question actually. So in light of some of the capital raising activity, from Bed Bath, it sounds like some of the closure list might be a little bit more fluid once again. Is that sort of your understanding?

John Kite: I mean, I think our understanding is the same as everybody else’s, that they did raise some capital. I think that they are going to try to continue to operate the business, but we are being conservative in what we assume is going to happen, let’s put it that way.

Todd Thomas: Okay, alright. Thank you.

Operator: Thank you. This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to John Kite for any further remarks.

John Kite: Well, again, I just want to thank everybody for taking their time and I really, really want to thank the entire KRG team for an incredible performance in 2022. Let’s bring it on in 2023.

Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.