Unknown Analyst
Welcome to the Kite Realty Group roundtable here. Happy to have Heath on with us today. Heath Fear is the CFO of the company. Heath we’ve got a big group here. So I’ll turn it over to you for some opening remarks.
Heath Fear
Executive VP & CFO
First, I want to thank everyone for joining us today. After yesterday, the majority of people told us they weren’t going to be here today. So I’m actually surprised we have a full room. So thanks all of you for joining us here. I’m Heath Fear. I’ve been the CFO of Kite Realty now for just about 7 years. We are an open-air shopping center, have about 180 properties in 24 states, predominantly concentrated in the Sunbelt, and 80% of our properties have a grocery component.
We have one of the best balance sheets in this space, 5.1x net debt to EBITDA, over $1 billion of liquidity and a very well-staggered maturity ladder. Our strategic focus at this time is really twofold. We’re keenly focused on leveraging the strong tenant demand and leasing across the portfolio. We’re looking at historical levels, Kite by far screens the best in terms of it’s remaining [indiscernible] upside. Most of our peers have reached their pre-COVID levels and beyond.
We still have 280 basis points. So many of our peers are in sort of the later innings of their absorption tailwinds we were at the very beginning of our absorption tailwinds and expect to see the fruits of that labor bear in the late parts of ’26 into ’27. So again, I think leasing is our primary focus and
