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

INDIANAPOLIS--(Business Wire)--
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.

CUSIP Record Payable Total Ordinary Capital Non-Taxable
Date Date Distribution Dividend Gain Distribution

per Share
Distribution
49803T102 1/7/2008 1/15/2008 $ 0. 2050 $ 0.027306 $ 0.021412 $ 0.156282
49803T102 4/7/2008 4/17/2008 0. 2050 0.027306 0.021412 0.156282
49803T102 7/7/2008 7/17/2008 0. 2050 0.027306 0.021412 0.156282
49803T102 10/7/2008 10/17/2008 0.2050 0.027306 0.021412 0.156282
$ 0.8200 $ 0.109224 $ 0.085648 $ 0.625128

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.

Kite Realty Group Trust
Dan Sink, Chief Financial Officer, 317-577-5609
dsink@kiterealty.com
or
Kite Realty Group Trust
Adam Chavers, Director of Investor Relations, 317-713-5684
achavers@kiterealty.com

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