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Kite Realty
🇺🇸 NYSE:KRG
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OverviewEarningsDividends
•
Dec 31, 2024

Kite Realty Q4 2024 Earnings Report

Key Takeaways

Kite Realty Group reported strong Q4 2024 performance with a notable increase in net income and funds from operations (FFO). The company achieved record leasing volumes and improved its financial position.

Total Revenue
$215M
Previous year: $200M
+7.2%
EPS
$0.52
Previous year: $0.5
+4.0%
Same Property NOI Growth
4.8%
Previous year: 2.8%
+71.4%
Retail Leased Percentage
95%
Previous year: 93.9%
+1.2%
Annualized Base Rent
$21.2
Previous year: $20.7
+2.2%
Cash and Equivalents
$128M
Previous year: $41.4M
+209.1%
Total Assets
$7.09B
Previous year: $6.94B
+2.1%

Kite Realty

Kite Realty

Kite Realty Revenue by Segment

Forward Guidance

Kite Realty expects steady growth in 2025, with a focus on leasing, redevelopment, and portfolio optimization.

Positive Outlook

  • Projected net income of $0.45 to $0.51 per share.
  • NAREIT FFO expected to be between $2.02 and $2.08 per share.
  • Same Property NOI expected to grow by 1.25% to 2.25%.
  • Improved financial flexibility with a lower debt leverage ratio.
  • Continued demand for leasing at attractive spreads.

Challenges Ahead

  • Credit disruption expected to impact revenue by 1.95%.
  • Projected interest expense of $122 million for 2025.
  • Potential impact from anchor bankruptcies reducing income.
  • Macroeconomic uncertainties affecting tenant stability.
  • Rising property operating expenses and real estate taxes.

Company Overview

Full financial data and analysis

View Kite Realty