L
and & Buildings Investment Management LLC fully exited its Kite Realty Group Trust position, selling 806,852 shares for about $18.28 million (0.17 % of the fund’s portfolio). The sale reduced the fund’s stake from 3.6 % of assets‑under‑management (AUM) in the previous quarter to zero. After the trade, the fund reported 22 equity holdings and $544.91 million in U.S. equity AUM.
Top post‑filing holdings are:
- AHR – $48.4 million (8.9 % of AUM)
- SPG – $38.7 million (7.1 % of AUM)
- FR – $36.6 million (6.7 % of AUM)
- VTR – $36.5 million (6.7 % of AUM)
- FUN – $36.0 million (6.6 % of AUM)
Kite Realty Group Trust, a retail‑focused REIT, owns a diversified portfolio of shopping centers across the United States. Its vertically integrated model covers development, leasing, and operations, allowing it to adapt to shifting tenant demand. As of November 24, 2025, Kite shares traded at $22.71, a 10 % decline year‑to‑date and 23.9 percentage points below the S&P 500. The REIT’s dividend yield stands at 5.07 %.
The fund’s divestiture signals caution among institutional investors toward retail real estate amid rising interest rates and uncertain consumer habits. While Kite’s high‑quality assets and disciplined management should support long‑term cash flow, the current market environment pressures valuations. Investors seeking stable income may still view Kite as a viable option, but the sale underscores the sector’s vulnerability to financing costs and changing retail dynamics.
