John A. Kite has been the driving force behind Kite Realty Group Trust as CEO since December 2008. He stepped into this role at a critical time, succeeding Alvin E. Kite, Jr., who retired from the board. John has a...

John A. Kite has been the driving force behind Kite Realty Group Trust as CEO since December 2008. He stepped into this role at a critical time, succeeding Alvin E. Kite, Jr., who retired from the board. John has a background rich in real estate expertise, making him well-suited to lead one of the prominent REITs in the industry. His leadership style is practical and focused on performance metrics like Funds From Operations (FFO) per share and retail portfolio leasing rates. Under his guidance, the company has consistently adapted its compensation structure to align with shareholder interests, emphasizing pay-for-performance frameworks. In 2023, John’s total compensation was around $6.9 million, highlighting his impact on the company’s successes. His journey reflects a deep commitment to not only managing properties but also to enhancing value for shareholders. Outside his role as CEO, he has served on the company’s board, demonstrating a holistic understanding of corporate governance and strategic direction in real estate management. John is a key player in the evolution of Kite Realty, aiming for innovation and growth in a competitive market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Kite Realty Group CEOs

K

John A. Kite

CEO of Kite Realty Group

Education

Not available

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

June 15, 1960 - 64 years ago

CEO of Kite Realty Group for

16 years 6 months (Dec 2008 - Present)

Previous Experience

President of Kite Realty Group Trust

Rivals

Competitors/colleagues of John A. Kite

K

Conor C. Flynn

CEO of Kimco Realty

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.92M

Other

$26.34K

Total Holdings

$28.47M

R

Lisa Palmer

CEO of Regency Centers

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.71M

Other

$20.22K

Total Holdings

$9.99M

B

James M. Taylor Jr.

CEO of Brixmor Property Group

2023 Compensation

Stock

$6.59M

Salary

$1.10M

Bonus

$2.43M

Other

$36.11K

Total Holdings

$29.52M

P

Jeffrey S. Edison

Founder and CEO of Phillips Edison & Company

2023 Compensation

Stock

$0.00

Salary

$910.52K

Bonus

$1.61M

Other

$457.58K

Total Holdings

$309.93M

U

Jeffrey S. Olson

CEO of Urban Edge Properties

2023 Compensation

Stock

$1.66M

Salary

$1.10M

Bonus

$2.33M

Other

$22.50K

Total Holdings

$5.75M

Holdings

See how much did John A. Kite make over time.

John A. Kite's holdings show significant fluctuations over the years, reflecting the company’s performance. In 2023, he had approximately $6.5 million in vested stock, part of his total compensation, which was $6.9 million. This marked a shift from 2022 when...

John A. Kite's holdings show significant fluctuations over the years, reflecting the company’s performance. In 2023, he had approximately $6.5 million in vested stock, part of his total compensation, which was $6.9 million. This marked a shift from 2022 when his total compensation was around $100 million, primarily due to one-time stock grants that did not repeat in the following year. The stock granted to him suggests confidence in the long-term growth of Kite Realty, demonstrating at various points how his wealth was tied primarily to the company's stock performance and shareholder confidence. The increase in vested stock showcases his alignment with shareholder interests, as stock values are generated through company success.

Insider Trading

See recent insider trades of John A. Kite.

No insider trades found for this CEO.

Compensation History

See how much did John A. Kite make over time.

In 2023, John A. Kite earned a total of $6.9 million, showcasing a mix that includes a salary of $950,000 and an impressive $2.85 million in bonuses. These bonuses are derived from both objective financial metrics and individual performance assessments. His compensation also included nearly $6.5 million in vested stock, which signifies his long-term commitment to the company and its shareholders. This approach aligns with the company’s compensation philosophy that aims to attract and retain top executives while ensuring that their compensation reflects their contributions to the company's growth and investor returns. Historically, his compensation has varied significantly, with 2022 seeing a total package exceeding $100 million due to one-time share grants linked to performance, spotlighting how success can drive executive remuneration in the real estate investment landscape.

Year

2023

Total Compensation

$10.37M

Salary

$950.00K

Board Justification

The compensation program is designed to attract, retain, and motivate outstanding senior executives, ensuring that compensation remains competitive and aligned with shareholder interests through a pay-for-performance structure.

Bonus

$2.85M

Board Justification

Annual cash bonus payments based on a pre-established formula, calculated 80% on objective financial and operating performance metrics and 20% on subjective individual performance assessment.

Other

$36.33K

Board Justification

Includes health and dental insurance premiums, life and disability insurance premiums, contributions to health savings accounts, and matching contributions to the 401(k) Plan.

Restricted Stock

$6.54M(285.96K LTIP Units)

Board Justification

Time-based LTIP Units that vested in 2023, reflecting the number of shares that have not vested as of December 31, 2023.

Performance Metrics

Key performance metrics include FFO/share, Same Property NOI, Retail Portfolio Leased Rate, ESG items, and individual performance.

Other Kite Realty Group CEOs

Here are other CEOs of Kite Realty Group

Steven P. Grimes

CEO of Kite Realty Group

October 2021 - Present