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Kite Realty Group sees FY23 NARIET FFO $1.92-$1.98, consensus $1.93

Previous NARIET FFO view was $1.89-$1.95. Sees 2023 same property NOI range of 2.25% to 3.25%, which represents a 25-basis point increase at the midpoint. Sees additional disruption related to Bed Bath & Beyond Inc. and Party City Holdings Inc. of 0.75% of total revenues — $0.03 of FFO per diluted share — of which approximately 70 basis points is related to the balance of 2023 and assumes no additional revenue from Bed Bath & Beyond Inc.

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Published first on TheFly

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