Kite Realty Q3 2020 Earnings Report
Key Takeaways
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%.
Net loss attributable to common shareholders was $4.6 million, or $0.05 per common share.
NAREIT Funds From Operations of the Operating Partnership (FFO) was $26.3 million, or $0.30 per diluted common share.
Same-Property Net Operating Income (NOI) decreased by 6.9%.
Retail leased percentage was 93.3%, a decrease of 210 basis points year-over-year.
Kite Realty
Kite Realty
Kite Realty Revenue by Segment
Forward Guidance
Given the ongoing uncertainty surrounding the impact of COVID-19 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 The Company’s guidance remains withdrawn.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