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KRG News
KRG Events
Kite Realty Sees 2026 Core FFO of $2.06-$2.12
Kite Realty still sees 2026 core FFO $2.06-$2.12, consensus $2.10
Company Reports Q2 Revenue of $196.26M, Below Consensus
Reports Q2 revenue $196.26M, consensus $196.65M. "We moved with speed and discipline this quarter, executing more than $870 million of capital activity," said CEO John Kite. "We sold approximately $315M of non-core assets, priced $345M of exchangeable notes, acquired two neighborhood centers for $136M, and repurchased $75.7M of common shares - all while delivering 3.7% Same Property NOI growth and maintaining leverage near the low end of our long-term target."
Kite Realty Issues $300M Exchangeable Senior Notes
Kite Realty Group announced that its operating partnership, Kite Realty Group, L.P., launched an offering of $300M aggregate principal amount of exchangeable senior notes due 2032 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
KRG Reports Q1 Revenue of $200.70M, Beating Consensus
Reports Q1 revenue $200.70M, consensus $198.34M. Reports Q1 Same Property NOI increased by 3.6%. "KRG is executing across all fronts in 2026: strategically, operationally, and financially," said John A. Kite, Chairman and CEO. "Strategically, we continue to sharpen the portfolio through disciplined capital recycling while also investing in our platform through recently announced key leadership additions. Operationally, Same Property NOI growth of 3.6%, double digit blended cash spreads, and a 90-basis point year-over-year increase in occupancy reflect exceptional tenant demand and the quality of our real estate. Financially, our balance sheet remains strong, our portfolio is built to perform through a range of macroeconomic conditions, and we have the capacity and conviction to keep playing offense."
FY26 Guidance Raises NOI Growth to 2.50%-3.50%
FY26 guidance is based in the following assumptions: raises Same Property NOI growth range view to 2.50%-3.50% from 2.25%-3.25%; lowers bad debt reserve tpo 0.95% of total revenues at the midpoint from 1.00% of total revenues; and raises interest expense view, net of interest income, excluding unconsolidated joint ventures, to $121.2M at the midpoint from $121.0M.
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