Shareholders of Kite Realty Group Trust and Retail Properties of America have approved the merger. The combined company will have a market capitalization of about $4.6 billion and an EV of $7.5 billion. Retail Properties shareholders will receive 0.623 shares of Kite Realty common stock for each of their securities. The merger is scheduled to close on Octobe...

Retail Properties of America's GAAP funds from operations for the six months of 2021 totaled $109.157 million, up 10.7% from $98.616 million in the prior year. Revenue increased 11.7% to $240.619 million from $215.498 million a year earlier.

The Retail Properties of America Board of Directors announced a quarterly dividend of $0.075 per share. The last day to buy securities to receive the dividend is September 29, 2021. The annual dividend yield may reach 2.6%.

Kite Realty Group Trust and Retail Properties of America have entered into a merger agreement. The combined company will have a market capitalization of approximately $4.6 billion and an EV of $7.5 billion. Under the terms of the agreement, each common share of Retail Properties will be converted into 0.6230 common shares of Kite Realty. The transaction is s...