Month: September 2026

HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) today announced that it intends to make an offering of $1.0 billion of shares of its common stock (the “Offering”). Sysco’s common stock is listed on the New York Stock Exchange under the symbol “SYY.”

Sysco intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional $150 million of shares of common stock, solely to cover overallotments, if any, at the same price per share as the other shares of common stock purchased by the underwriters in the Offering.

Sysco intends to use the net proceeds from the Offering to finance a portion of the consideration for its pending acquisition of Jetro Restaurant Depot. The Offering is not contingent on the consummation of the acquisition.

Goldman Sachs & Co. LLC and TD Securities (USA) LLC are acting as lead book-running managers for the Offering. BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are also acting as book-running managers for the Offering.

The Offering will be made by means of a prospectus supplement under Sysco’s shelf registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the “SEC”).

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The Offering is being made only by means of a prospectus supplement relating to the Offering and the accompanying prospectus.

Copies of the preliminary prospectus supplement for the Offering and the accompanying prospectus may be obtained free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from:

• Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by e-mail at prospectus-ny@ny.email.gs.com;
• TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at TDManualrequest@broadridge.com;
• BofA Securities, Attention: Prospectus Department, 201 North Tryon Street, Charlotte, NC 28255-0001, or by e-mail at dg.prospectus_requests@bofa.com;
• J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by e-mail at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; or
• Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, by telephone at 800-645-3751 (option #5) or by email at WFScustomerservice@wellsfargo.com.

About Sysco

Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 333 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 670,000 customer locations. The company generated sales of more than $84 billion in fiscal year 2026 that ended June 27, 2026.

As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.

SYY-INVESTORS

Forward-Looking Statements

Statements made in this press release include statements that are forward-looking or that express management’s beliefs, expectations or hopes and are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding the terms, timing and completion of the Offering and our anticipated use of the proceeds thereof, statements about our future financial performance and results, business strategy, plans, goals and objectives, and other statements that are not historical facts, including expectations regarding our future growth, including growth in sales and earnings per share, expectations regarding cost savings associated with AI, as well as statements about the expected timing and completion of the proposed transaction with Jetro Restaurant Depot and the anticipated benefits of such proposed transaction.

Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions, including those outside of Sysco’s control. Risks and uncertainties include without limitation: the impact of geopolitical, economic and market conditions and developments, including changes in global trade policies and tariffs and foreign conflicts; risks related to our business initiatives; periods of significant or prolonged inflation or deflation and their impact on our product costs, volume, foot traffic, and profitability generally; risks related to our efforts to implement our transformation initiatives and meet our other long-term strategic objectives; risks of interruption of supplies and increase in product costs; risks related to changes in consumer eating habits; and impact of natural disasters or adverse weather conditions, public health crises, adverse publicity or lack of confidence in our products, and product liability claims as well as risks and uncertainties associated with our proposed transaction with Jetro Restaurant Depot, including but not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of either or both parties to terminate the merger agreement; the risk that regulatory approvals may not be obtained or other closing conditions may not be satisfied in a timely manner or at all, as well as the risk that regulatory approvals are obtained subject to conditions that are not anticipated; the risk of other delays in closing the transaction; the possibility that any of the anticipated benefits and projected synergies of the transaction will not be realized or will not be realized within the expected time period; and the risk that the proposed transaction and its announcement could have an adverse effect on the market price of the common stock of Sysco. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Therefore, you should not place undue reliance on any of the forward-looking statements contained herein. For more information on these risks and other concerning factors that could cause actual results to differ from those expressed or forecasted, see our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC. We do not undertake to update our forward-looking statements, except as required by applicable law.

For more information contact:
Kevin Kim	Cassandra Mauel
Investor Contact	Media Contact
kevin.kim@sysco.com	cassandra.mauel@sysco.com
T 281-584-1219	T 281-584-1390

Quarter highlighted by operational execution, expanding defense-market access and continued development of persistent autonomous maritime infrastructure

MONROE TOWNSHIP, N.J., Sept. 14, 2026 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT) today announced financial results for its fiscal 2027 first quarter ended July 31, 2026 (Q1 2027).

Q1 2027 and Recent Highlights
Operational execution and customer delivery

• Operated three PowerBuoy® systems concurrently in support of U.S. Department of Homeland Security (“DHS”) maritime domain awareness operations off the coast of Southern California. The systems transmitted real-time offshore data as a distributed network and were integrated with Anduril Industries’ Lattice command-and-control platform. One system was deployed in water depths exceeding 1,000 meters.
• Demonstrated sustained field performance from the DHS deployment. The program represents the largest deployment and recurring revenue contract in the Company’s history and provides operational validation of OPT’s ability to deploy and support persistent offshore infrastructure for defense and security customers.
• Successfully deployed and commissioned a PowerBuoy® system off the coast of New Jersey for Rutgers University, supporting ocean research, environmental monitoring and the integration of surface and subsea sensors.
• Delivered a WAM-V® unmanned surface vehicle to Stevens Institute of Technology within five weeks of receiving the order, demonstrating OPT’s ability to convert customer orders into completed deliveries on accelerated timelines.

Technology and portfolio expansion

• Demonstrated autonomous docking, charging and redeployment of a WAM-V®, addressing a key operational constraint for unmanned maritime systems. OPT continues to advance the integration of this capability with its PowerBuoy® platform to support longer-duration autonomous missions and persistent offshore operations.
• Acquired strategic subsea developmental technology assets from Columbia Power Technologies, Inc. “”C-Power”). The acquired intellectual property and engineering portfolio extends OPT’s operational infrastructure capabilities from the ocean surface to the seabed and complements the Company’s existing offshore power, autonomous vehicle, sensing, communications and AI-enabled software capabilities.

Defense-market positioning

• Achieved Cybersecurity Maturity Model Certification (“CMMC”) Level 2 compliance, strengthening the Company’s readiness to pursue and support U.S. defense programs requiring the protection of Controlled Unclassified Information.
• Subsequent to quarter end, was selected as one of six potential awardees under a $40 million multiple-award, indefinite-delivery/indefinite-quantity contract supporting the Naval Oceanographic Office. The contract creates an opportunity for OPT to compete for task orders involving high-resolution ocean-floor mapping services using long-endurance unmanned surface vehicles. The $40 million amount represents the aggregate ceiling across all awardees and does not constitute revenue awarded to OPT.

Operating scalability and strategic review

• Subsequent to quarter end, began implementing Palantir Foundry through the Palantir for Builders program, with Foxtrot Professional Services leading the implementation. The platform is intended to connect data and workflows across manufacturing, supply chain, deployment, fleet operations, maintenance and customer support as OPT develops a more scalable operating model.
• The Company’s Board of Directors initiated a review of strategic alternatives intended to identify opportunities to accelerate growth, expand market access, strengthen the Company’s financial position and maximize stockholder value. Bowen, Inc. is serving as financial advisor. No timetable has been established, and there can be no assurance that the review will result in a transaction or other strategic outcome.

MANAGEMENT COMMENTARY
“During the first quarter, we continued advancing our technology development to repeatable operational execution,” said Philipp Stratmann, President and Chief Executive Officer of Ocean Power Technologies. “Our PowerBuoy systems operated as an integrated offshore network supporting a U.S. Coast Guard maritime domain awareness mission, while our teams completed additional customer deployments and demonstrated autonomous docking and charging capabilities that we believe are essential to persistent maritime autonomy. We also expanded our technology portfolio into subsea power and strengthened our eligibility for sensitive defense programs through CMMC Level 2 compliance. Since quarter end, our selection under the Naval Oceanographic Office’s multiple-award IDIQ contract has created a new pathway to compete for autonomous ocean-mapping work, and our implementation of Palantir Foundry is designed to provide the operating backbone needed to execute at greater scale. Our team remains focused on serving customers, converting backlog into revenue, expanding recurring services and strengthening the Company’s financial position. We believe our integrated portfolio of PowerBuoy platforms, WAM-V vehicles, Merrows™ software and subsea technologies positions OPT to address a growing need for persistent, intelligent maritime infrastructure.”

Q1 2027 FINANCIAL HIGHLIGHTS
Financial highlights include:

• Backlog increased 58% to a  $19.1 million, a 27% increase compared to $15.0 million at July 31, 2025.
• Sales pipeline increased to $150.8 million at July 31, 2026, a 13% increase compared to the $133.5 pipeline balance at July 31, 2025, reflecting continued demand across defense, security and commercial markets.
• Revenue for Q1 2027 was $1.7 million , a $0.5 million and 44% increase over same period prior year revenue of $1.2 million.
• Gross loss reflected investments in strategic customer programs, including certain contracts accepted to establish long-term customer relationships and larger future opportunities.
• Operating expenses included continued investment in personnel, technology development and operational infrastructure, as well as non-cash expenses of approximately $1.8 million related to stock-based compensation, $2.2 million of product development expenses related to the C-Power acquisition and $0.8 million related to asset write downs.
• Combined unrestricted cash, cash equivalents and short-term investments totaled $7.4 million at July 31, 2026.

About Ocean Power Technologies
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets including Merrows®, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services. The Company’s headquarters is located in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

Non-GAAP Measures: Pipeline

Pipeline is not a term recognized under United States generally accepted accounting principles; however, it is a common measurement used in our industry. Our methodology for determining pipeline may not be comparable to the methodologies used by other companies. Pipeline is a representation of the journey potential customers take from the moment they become aware of our products and service to the moment they become a paying customer. The sales pipeline is divided into a series of phases, each representing a different milestone in the customer journey. It is a tool we use to track sales progress, identify potential roadblocks, and make data-driven decisions to improve our sales performance. Revenue estimates derived from our pipeline can be subject to change due to project accelerations, cancellations or delays due to various factors. These factors can also cause revenue amounts to be realized in periods and at levels different than originally projected.

Forward-Looking Statements
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company’s most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties.. Except as may be required by applicable law, the Company undertakes no, and expressly disclaims any, obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, circumstances or otherwise after the date of this press release, and you are cautioned not to rely upon them unduly,

Financial Tables Follow

Additional information may be found in the Company’s Annual Report on Form 10-K that will be filed with the U.S. Securities and Exchange Commission. The Form 10-K is accessible at www.sec.gov or the Investor Relations section of the Company’s website (www.OceanPowerTechnologies.com/investor-relations).

Contact Information

Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com

Ocean Power Technologies, Inc. and Subsidiaries Consolidated Balance Sheets (in thousands, except share data)
		July 31, 2026				April 30, 2026
		(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	7,356			$	8,719
Restricted cash, short-term			154				154
Accounts receivable, net			1,249				587
Contract assets			269				590
Inventory			4,552				3,190
Other current assets			1,852				2,648
Total current assets			15,432				15,888
Property and equipment, net			9,798				10,255
Intangibles, net			3,324				3,357
Right-of-use assets, net			1,614				1,886
Goodwill			8,537				8,537
Total assets		$	38,705			$	39,923
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	6,726			$	4,366
Earn out payable			50				150
Convertible notes payable (Note 13)			8,068				10,428
Warrant liability			3,756				—
Accrued expenses			4,608				4,232
Contract liabilities, current			5,091				6,029
Right-of-use liabilities, current portion			1,228				1,202
Total current liabilities			29,527				26,407
Deferred tax liability			203				203
Right-of-use liabilities, less current portion			522				837
Total liabilities			30,252				27,447
Commitments and contingencies (Note 14)
Shareholders’ Equity:
Preferred stock, $0.001 par value; authorized 5,000,000 shares, none issued or outstanding; 100,000 designated as Series A			—				—
Common stock, $0.001 par value; authorized 400,000,000 shares, issued 9,094,159 shares and 7,704,868 shares, respectively; outstanding 9,004,628 shares and 7,615,337 shares, respectively			273				231
Treasury stock, at cost; 89,531 and 89,531 shares, respectively			(1,825	)			(1,825	)
Additional paid-in capital			401,503				395,031
Accumulated deficit			(391,498	)			(380,961	)
Accumulated other comprehensive loss			—				—
Total shareholders’ equity			8,453				12,476
Total liabilities and shareholders’ equity		$	38,705			$	39,923

Ocean Power Technologies, Inc. and Subsidiaries Consolidated Statements of Operations (in thousands, except per share data)
		Three months ended July 31,
		2026				2025
Product & service revenue		$	1,046			$	1,115
Lease revenue			657				67
Total revenue			1,703				1,182
Cost of revenues			4,534				1,205
Gross margin			(2,831	)			(23	)
Operating expenses			12,246				7,055
Operating loss			(15,077	)			(7,078	)
Interest income/(expense), net			(373	)			(310	)
Change in fair value of derivative			4,912				—
Foreign exchange loss			1				—
Loss before income taxes			(10,537	)			(7,388	)
Income tax benefit			—				—
Net loss			(10,537	)			(7,388	)
Basic and diluted net loss per share		$	(1.28	)		$	(1.28	)
Weighted average shares used to compute basic and diluted net loss per common share			8,236,617				5,765,639

OCEAN POWER TECHNOLOGIES, INC. AND SUBSIDIARIES Consolidated Statements of Cash Flows (in thousands)
		Three months ended July 31,
		2026				2025
Cash flows from operating activities:
Net loss		$	(10,537	)		$	(7,388	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of fixed assets			286				194
Foreign exchange loss			—				—
Non-cash payment for asset acquisition			1,991				—
Amortization of intangible assets			33				34
Amortization of right of use asset			273				231
Share-based compensation			1,829				2,399
Change in fair value of derivative			(4,912	)			—
Loss on disposition of assets			769				—
Changes in operating assets and liabilities:
Accounts receivable			(662	)			(1,016	)
Contract assets			321				533
Inventory			(1,837	)			(643	)
Right-of-use asset			—				(66	)
Other assets			797				(493	)
Accounts payable			2,360				715
Earnout payable			(100	)			(50	)
Accrued expenses			376				22
Right-of-use liabilities			(289	)			(212	)
Contract liabilities			(938	)			135
Net cash used in operating activities		$	(10,240	)		$	(5,605	)
Cash flows from investing activities:
Purchases of property and equipment			(124	)			(1,453	)
Net cash used in investing activities		$	(124	)		$	(1,453	)
Cash flows from financing activities:
Proceeds from convertible notes			—				9,866
Repayment of convertible notes			(2,356	)
Proceeds from issuance of common stock – Capital Raise – Warrants, net of issuance costs			9,952				—
Proceeds from issuance of common stock – At The Market offering, net of issuance costs			1,405			$	337
Net cash provided by financing activities		$	9,001			$	10,203
Net increase in cash, cash equivalents and restricted cash		$	(1,363	)		$	3,145
Cash, cash equivalents and restricted cash, beginning of period		$	8,873			$	6,869
Cash, cash equivalents and restricted cash, end of period		$	7,510			$	10,014
Supplemental disclosure of noncash investing and financing activities:
Common stock issued related to conversion of convertible debt		$	—			$	2,060

HAMILTON, BERMUDA, September 14, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a three-year time charter agreement at $100,000 per day for the VLCC DHT Panther, built in 2016. The contract is expected to commence in October 2026 and has been concluded with a global energy company.

About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our wholly owned management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com.

Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 19, 2026.

The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.

Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com

HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) — Crown Castle Inc. (NYSE: CCI) (“Crown Castle” or “Company”) announced today that Sunit Patel has elected to retire from Crown Castle as EVP and Chief Financial Officer (CFO) effective March 31, 2027, following the filing of the Company’s 2026 Form 10-K. Kris Hinson, who currently serves as Crown Castle’s EVP and Chief Commercial Officer, will be appointed CFO effective April 1, 2027. Cathy Piche, EVP and Chief Operating Officer (COO), will leave Crown Castle to pursue other endeavors. Ms. Piche will step down from the COO role effective September 23, 2026, and she will be available to the Company as a special advisor supporting the transition of her responsibilities until her departure on February 22, 2027. The Company has initiated a search for her replacement.

“Sunit has been a critical part of the successful transition back to our core telecom infrastructure business,” said Chris Hillabrant, Crown Castle’s President and Chief Executive Officer. “We’ve relied heavily on his expertise and his steady leadership through the sale of our fiber and small cell businesses, and he has been instrumental in charting our course as a pure-play US tower company.

“Kris has tremendous financial expertise, leadership skills and a deep knowledge of our business, having led both investor- and customer-facing teams at Crown Castle. He was previously our primary contact for investors as VP-Corporate Finance and Treasurer and is currently working directly with customers as the Chief Commercial Officer. He will bring a strong understanding of what matters most to both of these key constituent groups — valuable insights as he takes on the CFO role next year.”  

“Kris is highly respected across the organization and exceptionally well prepared to serve Crown Castle as CFO. I am very pleased to be turning over these responsibilities to him next year and will work closely with Kris over the next several months to ensure a smooth transition,” said Mr. Patel, CFO.

“I would like to thank Cathy for her leadership and significant contributions over her 15 years with Crown Castle,” continued Mr. Hillabrant. “As an industry leader, she has held many senior roles within the Company and throughout the industry, including serving as an Area President, Senior Vice President of Network, and Chief Operating Officer. She also currently serves as the Wireless Infrastructure Association’s Chair.”

“It has been my pleasure and honor to represent Crown Castle and work with exceptional teammates, customers and partners across our industry,” commented Ms. Piche.

About Kris Hinson

Kris Hinson currently serves as Crown Castle’s EVP and Chief Commercial Officer. Prior to this role, Mr. Hinson was VP-Corporate Finance and Treasurer, with responsibilities including investor relations, strategic planning, treasury, procurement, business analytics, sustainability and corporate facilities. 

Prior to joining the company, Mr. Hinson was an executive at ExxonMobil, where he spent 13 years in a variety of finance leadership roles, most recently as Director of Investor Relations and before that as Managing Director of ExxonMobil Czech Republic and EAME Credit Manager ExxonMobil Corporation. 

Kris earned an MBA from Harvard Business School and an AB in Economics from Harvard College. 

CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that are based on Crown Castle management’s current expectations. Such statements include plans, projections and estimates regarding the appointment of Mr. Hinson, including, without limitation, the effective date thereof, and his expected contributions to Crown Castle. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Crown Castle and its results is included in Crown Castle’s filings with the Securities and Exchange Commission.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service – bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.

CONTACTS
Sunit Patel, CFO
Hamilton West, VP & Treasurer
Crown Castle Inc.
713-570-3050

INDIANAPOLIS, Sept. 14, 2026 (GLOBE NEWSWIRE) — Kite Realty Group (NYSE: KRG) announced today that Fitch Ratings (“Fitch”) has upgraded the Long-Term Issuer Default Ratings of the Company and its operating partnership, Kite Realty Group, L.P. (together, “KRG”), to BBB+ from BBB. The Rating Outlook is Stable.

In its rating action, Fitch stated, “The upgrade reflects KRG’s sustained operational outperformance, execution of its large-scale capital recycling program under Project Elevate and further optimization of its capital structure.” Fitch also noted, “Favorable open-air retail supply-demand dynamics have strengthened pricing power, enabling rapid backfilling of legacy bankrupt tenant space.”

About Kite Realty Group

Kite Realty Group (NYSE: KRG) is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. The Company’s portfolio is concentrated in high-growth Sun Belt and select strategic gateway markets. Publicly listed since 2004, KRG brings more than six decades of experience in developing, operating, and investing in real estate, using a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders. As of June 30, 2026, the Company owned interests in 165 U.S. open-air shopping centers and mixed-use assets, comprising approximately 26.4 million square feet of gross leasable space. For more information, please visit kiterealty.com.

Connect with KRG: LinkedIn | X | Instagram | Facebook

Contact Information: Kite Realty Group
Cooper Clark
VP, Capital Markets & Investor Relations
773.980.0213
coclark@kiterealty.com