Kite Realty Earnings Reports

Kite Realty Group reported strong Q4 2024 performance with a notable increase in net income and funds from operations (FFO). The company achieved record leasing volumes and improved its financial position.

Kite Realty Group reported a net income attributable to common shareholders of $16.7 million, or $0.08 per diluted share, for the third quarter ended September 30, 2024. The company raised its 2024 NAREIT FFO and Same Property NOI Guidance. An all-time high volume of approximately 1.7 million square feet was leased at 11.1% comparable blended cash leasing spreads.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $48.6 million, or $0.22 per diluted share, for the second quarter ended June 30, 2024. This loss was driven by a $66.2 million impairment charge. Excluding this charge, net income would have been $17.6 million, or $0.08 per diluted share. The company leased approximately 1.2 million square feet with 15.6% comparable blended cash leasing spreads and increased their dividend by 8.3% year-over-year. They also improved Net Debt to Adjusted EBITDA to 4.8x and received a credit rating upgrade to BBB from S&P Ratings.

Kite Realty Group Trust reported its operating results for the first quarter ended March 31, 2024. Net income attributable to common shareholders was $14.2 million, or $0.06 per diluted share. The company raised its 2024 NAREIT FFO per share guidance by $0.02 and its same-property NOI growth assumption by 50 basis points at the midpoint.

Kite Realty Group Trust reported its Q4 2023 operating results, with net income attributable to common shareholders of $8.0 million, or $0.04 per diluted share. The company generated NAREIT FFO of the Operating Partnership of $111.1 million, or $0.50 per diluted share, and Same Property NOI increased by 2.8%.

Kite Realty Group Trust reported a net income attributable to common shareholders of $2.1 million, or $0.01 per diluted share, compared to a net loss of $7.8 million, or $0.04 per diluted share for the same quarter last year. Same Property NOI increased by 4.7%. The company raised its 2023 NAREIT FFO guidance range to $1.99 to $2.03 per diluted share.

Kite Realty Group Trust reported strong second-quarter results, marked by a significant increase in net income attributable to common shareholders, a notable rise in same property NOI, and the leasing of over 1.3 million square feet. The company also lowered its leverage to an all-time low and raised its 2023 NAREIT FFO guidance range.

Kite Realty Group Trust reported a net income attributable to common shareholders of $5.4 million, or $0.02 per diluted share, for the quarter ended March 31, 2023, compared to a net loss of $16.8 million, or $0.08 per diluted share, for the same period in 2022. The company raised its 2023 NAREIT FFO guidance and experienced a 6.5% increase in Same Property NOI year-over-year.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $1.1 million, or $0.01 per diluted share, for the quarter ended December 31, 2022. However, the company increased FFO, as adjusted, per share by 16.3% year-over-year and achieved a retail portfolio leased percentage of 94.6%.

Kite Realty Group Trust reported strong third quarter results, driven by operational excellence and a high-quality portfolio. The company leased approximately 1.6 million square feet at nearly 11% comparable blended cash leasing spreads and raised its 2022 guidance.

Kite Realty Group Trust reported strong second-quarter results, leasing approximately 1.2 million square feet with blended cash leasing spreads of 13.2%. The company increased its FFO, as adjusted, guidance and same-property NOI growth assumption, reflecting operational outperformance.

Kite Realty Group Trust reported strong first-quarter results, driven by robust demand for open-air retail shopping destinations. The company increased its FFO, as adjusted guidance, and same-property NOI growth for 2022. KRG executed 182 new and renewal leases representing approximately 1.1 million square feet. Acquired $66 million of high-quality Sun Belt assets and upsized share repurchase program to $300 million.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $98.2 million, or $0.52 per diluted share, for the fourth quarter. However, same Property Net Operating Income (NOI) increased by 7.2% (excluding legacy RPAI properties). The company executed 132 new and renewal leases representing over 927,000 square feet and the retail portfolio percent leased was 93.4% at December 31, 2021, a sequential increase of 60 basis points.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $7.0 million, or $0.08 per common share. However, Same-Property Net Operating Income (NOI) increased by 10.8%. The company also completed a transformative merger with RPAI subsequent to the quarter end.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $0.2 million, or $0.00 per common share. NAREIT Funds From Operations of the Operating Partnership (FFO) was $29.9 million, or $0.34 per diluted common share. Same-Property Net Operating Income (NOI) increased by 10.1%. The company raised its 2021 guidance for FFO, as adjusted, by $0.02 at the midpoint to $1.29 to $1.35 per share.

Kite Realty Group Trust reported a strong first quarter in 2021, marked by significant leasing activity, strategic capital allocation decisions, and a net income attributable to common shareholders of $24.6 million, or $0.29 per common share. The company is well-positioned to capitalize on new opportunities and continue its strong operational performance.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $6.8 million, or $0.08 per common share, for the fourth quarter of 2020. NAREIT Funds From Operations of the Operating Partnership (FFO) was $25.5 million, or $0.29 per diluted common share, and FFO as adjusted was $28.7 million, or $0.33 per diluted common share. Same-Property Net Operating Income (NOI) decreased by 10.5% due to COVID-19.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $4.6 million, or $0.05 per common share. Same-Property Net Operating Income (NOI) decreased by 6.9% due to the negative impact of COVID-19. Third quarter rent collections were strong at 92%.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $4.8 million, or $0.06 per common share, for the second quarter of 2020. Same-Property Net Operating Income (NOI) decreased by 9.8% due to the COVID-19 pandemic. Rent collection was 80% for the second quarter and improved to 87% in July. The retail leased percentage was 94.0%.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $0.1 million, or $0.00 per common share. NAREIT Funds From Operations of the Operating Partnership (FFO) was $30.7 million, or $0.36 per diluted common share. Same-Property Net Operating Income (NOI) increased by 0.9%.

Kite Realty Group Trust (NYSE:KRG) reported strong operating results for the fourth quarter ended December 31, 2019. The company enhanced the quality of its portfolio and reduced leverage to an all-time low. KRG remains a top-tier operator by delivering strong leasing results.