Including activity completed in 2025, Kite said KRG has repurchased 16.9 million shares for $400 million at an average price of $23.67. He framed the strategy as “a compelling arbitrage,” describing the company as buying stock at an FFO yield “meaningfully wider than the yields at which we have sold lower growth assets.”Kite detailed a series of actions the company has taken, including selling more than $600 million of non-core assets, forming joint ventures, and repurchasing shares at what management views ...