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Dec 31, 2019
Kite Realty Q4 2019 Earnings Report
Kite Realty Group Trust reported strong operating results for Q4 2019, highlighted by a sector-leading small shop leased percentage of 92.5% and an increase in Same-Property NOI by 3.2%.
Key Takeaways
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.
Net income attributable to common shareholders was $15.3 million, or $0.18 per common share.
NAREIT Funds From Operations of the Operating Partnership (FFO) was $32.8 million, or $0.38 per diluted common share.
FFO as adjusted was $34.7 million, or $0.40 per diluted common share.
Same-Property Net Operating Income (NOI) increased by 3.2%.
Revenue by Segment
Forward Guidance
KRG is providing 2020 guidance for net income of $0.13 to $0.17 per share and NAREIT FFO $1.48 to $1.52 per share. Same-Property NOI Growth (excluding redevelopments) 1.00% - 2.00%. Bad Debt Assumption (in addition to known vacancies and any declared or imminent bankruptcies) 90bps of Same-Property Revenues.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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