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Jun 30, 2021
Kite Realty Q2 2021 Earnings Report
Delivered exceptional operational results, capitalized on strong retailer demand, and raised full year guidance.
Key Takeaways
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.
Net loss attributable to common shareholders was $0.2 million, or $0.00 per common share.
NAREIT Funds From Operations (FFO) was $29.9 million, or $0.34 per diluted common share.
Same-Property Net Operating Income (NOI) increased by 10.1%.
Retail leased percentage was 91.5%, a sequential increase of 100 basis points.
Revenue by Segment
Forward Guidance
KRG is raising 2021 guidance for FFO, as adjusted, by $0.02 at the midpoint to $1.29 to $1.35 per share (previously $1.26 - $1.34).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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