Kite Realty Q1 2021 Earnings Report
Key Takeaways
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.
Net income attributable to common shareholders was $24.6 million, or $0.29 per common share.
NAREIT Funds From Operations (FFO) was $30.0 million, or $0.34 per diluted common share.
Same-Property Net Operating Income (NOI) decreased by 2.9%.
Executed 76 new and renewal leases representing over 426,900 square feet with GAAP leasing spreads of 34.9% on new leases and 6.9% on renewals.
Kite Realty
Kite Realty
Kite Realty Revenue by Segment
Forward Guidance
KRG is raising 2021 guidance for FFO, as adjusted, to $1.26 to $1.34 per share (previously $1.24 - $1.34).
Revenue & Expenses
Visualization of income flow from segment revenue to net income