Reports Q1 revenue $207.44M, consensus $207.86M. “The KRG team continued its strong momentum into the first quarter of 2024, generating approximately 13% blended cash leasing spreads and driving higher embedded rent bumps,” said John A. Kite, chairman and CEO. “Based on our first quarter outperformance, we are increasing our 2024 NAREIT FFO per share guidance by $0.02 and our same-property NOI growth assumption by 50 basis points at the midpoint. Our best-in-class operating platform, balance sheet, and team have continued to deliver results and create value for all stakeholders.”
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