Pay vs Performance Disclosure
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Value of Initial Fixed $100 Investment Based on: | ||||||||
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) | Total Shareholder Return(3) | Peer Group Total Shareholder Return(3)(4) | Net Income(5) | Core FFO per Share(6) |
2025 | $7,882,883 | $13,837,527 | $3,047,888 | $4,952,441 | $199.15 | $137.83 | $305,528,000 | $2.06 |
2024 | $6,906,444 | $11,713,516 | $2,711,978 | $4,461,148 | $199.65 | $133.97 | $4,416,000 | $1.99 |
2023 | $6,887,961 | $10,722,993 | $2,644,784 | $3,756,669 | $172.90 | $123.21 | $48,383,000 | $1.90 |
2022 | $10,245,701 | $5,427,279 | $3,988,896 | $3,148,121 | $152.12 | $108.34 | $(12,154,000) | $1.81 |
2021 | $5,815,004 | $23,465,527 | $2,363,236 | $6,425,714 | $150.92 | $143.24 | $(81,722,000) | $1.50 |
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* |
2025 | John A. Kite (Chairman & CEO) | Thomas K. McGowan (President & COO) and Heath R. Fear (EVP & CFO) |
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) |
* In addition to his role as Chief Financial Officer, Mr. Fear was appointed President of the Company in March 2026. | ||
each year to determine Compensation Actually Paid are shown in the table below:
Adjustments to Determine Compensation ‘‘Actually Paid’’ for PEO | 2025 | 2024 | 2023 | 2022 | 2021 |
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table | $(3,931,061) | $(3,213,639) | $(3,051,634) | $(6,411,946) | $(2,425,631) |
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end | $8,750,826 | $6,119,374 | $4,725,216 | $7,698,026 | $3,865,837 |
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 | $718,064 | $34,066 | $360,207 | $(5,370,914) | $15,697,507 |
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 | $108,129 | $1,545,346 | $1,482,476 | $(971,346) | $335,145 |
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 | $308,686 | $321,925 | $318,767 | $237,758 | $177,665 |
Total Adjustments | $5,954,644 | $4,807,072 | $3,835,032 | $(4,818,422) | $17,650,523 |
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.
Adjustments to Determine Compensation ‘‘Actually Paid’’ for Non-PEO NEOs (Average) | 2025 | 2024 | 2023 | 2022 | 2021 |
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table | $(1,259,311) | $(1,026,287) | $(949,932) | $(2,274,376) | $(805,457) |
Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year end | $2,792,487 | $1,959,462 | $1,478,707 | $2,622,173 | $1,242,581 |
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 | $231,959 | $22,869 | $69,475 | $(1,062,962) | $3,452,721 |
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 | $36,653 | $682,994 | $398,093 | $(218,857) | $98,591 |
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 | $102,765 | $110,132 | $115,542 | $93,247 | $74,042 |
Total Adjustments | $1,904,553 | $1,749,170 | $1,111,885 | $(840,775) | $4,062,478 |
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.
Core FFO per Share
Same Property NOI
Retail Portfolio Leased Rate
Relative TSR vs. Nareit Equity Shopping Center REITs
the collection of accounts receivable previously written off; and adjusted in 2024 and 2025 for the impact of the outperformance
component of short-term incentive compensation.