Kite Realty Group Trust (NYSE: KRG) (the “Company”) today announced results for its third quarter ended September 30, 2012. Financial statements and exhibits attached to this release include results for the three and nine months ended September 30, 2012 and 2011. Financial and Operating Results Funds from operations (FFO), a widely accepted supplemental measure of REIT performance established by the National Association of Real Estate Investment Trusts, was $7.9 million, or $0.11 per diluted share, for the Kite Portfolio for the three month periods ended September 30, 2012 and 2011. The Company’s allocable share of FFO was $7.1 million for both three month periods ended September 30, 2012 and 2011. For the nine months ended September 30, 2012 FFO, as adjusted for a $1.3 million litigation charge and a $0.5 million write-off of deferred financing costs was $23.8 million, or $0.33 per diluted share, for the Kite Portfolio compared to $23.2 million, or $0.32 per diluted share, for the same period in the prior year. The Company’s allocable share of FFO as adjusted was $21.3 million for the nine months ended September 30, 2012 compared to $20.6 million for the same period in 2011. Without these adjustments, FFO for the Kite Portfolio and the Company’s allocable share of FFO for the nine months ended September 30, 2012 were $22.0 million and $19.7 million, respectively. Given the nature of the Company’s business as a real estate owner and operator, the Company believes that FFO is helpful to investors when measuring operating performance because it excludes various items included in net income or loss that do not relate to or are not indicative of operating performance, such as gains or losses from sales and impairments of operating properties, and depreciation and amortization, which can make periodic and peer analyses of operating performance more difficult. For informational purposes, we have also provided FFO adjusted for a litigation charge recorded in the first quarter of 2012 and a write-off of deferred financing costs in the second quarter of 2012. We believe this supplemental information provides a meaningful measure of our operating performance. The Company believes presenting FFO in this manner allows investors and other interested parties to form a more meaningful assessment of the Company’s operating results. A reconciliation of net income to FFO and FFO as adjusted is included in the attached table.