What does KTR mean in AMEX SYMBOLS

Keystone Property Trust is a real estate investment trust (REIT) that acquires, owns, and operates commercial office, industrial, retail, and multifamily properties in select markets across the United States. With an extensive portfolio of premier properties and square footage in excess of 10 million square feet spread across 18 states, Keystone has established itself as a respected leader in the industry.

Keystone focuses its investments on three core asset types: commercial office space, industrial facilities and warehouses, and multifamily residential properties. In addition to these assets classes, the company also invests in land for potential development opportunities. All of its investments are located in key 45 markets across the U.S., providing diversification with exposure to multiple geographic regions.

To generate income from its numerous investments, Keystone enters into contractual agreements with tenants upon acquisition or development of a property where rent payments are made to the trust on a periodic basis over the duration of the agreement. This steady stream of rental income is the primary way that REITs like Keystone generate cash flow.

The team at Keystone Property Trust is led by Chief Executive Officer (CEO), Richard Dunne; Chief Operating Officer (COO), Douglas Brown; President & Chief Investment Officer (CIO), Bruce Duncan; and Chief Financial Officer (CFO), Craig Gatesman. Collectively they have brought decades of industry experience to not only manage day-to-day operations but also plan for long-term success within their various markets by using creative strategies to identify attractive investment opportunities.

Mickey Jannard serves as Chairman of the Board for KPT and provides strategic oversight and guidance for business operations. He brings vast knowledge from his previous executive roles at private equity firms such as Blackstone Group LP and Colony Capital LLC where he was instrumental in closing large transactions that spanned multiple asset classes.

As of February 2021, KPT had over $2 billion invested primarily in commercial office space within key 45 markets across U.S., representing approximately 10 million square feet among both owned and leased properties.

Yes, KPT pays quarterly dividends to shareholders which are typically declared on an annual basis following review by their Board of Directors.

The trust acquired its first property in 1998 which marked the beginning years for KPT since then it has expanded exponentially through acquisitions and developments throughout its history.