When a company such as Kite Realty Group Trust conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the KRG split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Kite Realty Group Trust shares, starting with a $10,000 purchase of KRG, presented on a split-history-adjusted basis factoring in the complete KRG split history.

About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. Through its majority-owned subsidiary, Kite Realty Group, L.P., Co. owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of open-air shopping centers and mixed-use assets in select markets. Co. is involved in the activities associated with the collection of contractual rents and reimbursement payments from tenants at its properties. According to our KRG split history records, Kite Realty Group Trust has had 1 split.

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