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Jun 30, 2020
Kite Realty Q2 2020 Earnings Report
Kite Realty Group reported a net loss and a decrease in same-property NOI due to the COVID-19 pandemic. However, rent collections improved, and the company maintained a high leased percentage.
Key Takeaways
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%.
Net loss attributable to common shareholders was $4.8 million, or $0.06 per common share.
NAREIT Funds From Operations (FFO) was $25.4 million, or $0.30 per diluted common share.
Same-Property Net Operating Income (NOI) decreased by 9.8%.
Retail leased percentage was 94.0%.
Kite Realty
Kite Realty
Kite Realty Revenue by Segment
Revenue by Segment
Rental Income Revenue
CapyFin.comOther Property-Related Revenue
CapyFin.comFee Income Revenue
CapyFin.com Forward Guidance
Given the ongoing uncertainty surrounding the impacts COVID-19 will have on the economy and our tenants, the Company withdrew previously provided 2020 guidance on March 27, 2020. The Company’s guidance remains withdrawn.
Revenue & Expenses
Visualization of income flow from segment revenue to net income