The company said, “The Company expects to generate net income attributable to common shareholders of $0.30 to $0.36 per diluted share in 2024. The Company is raising its 2024 NAREIT FFO guidance range to $2.02 to $2.08 per diluted share from $2.00 to $2.06 per diluted share, based, in part, on the following assumptions: 2024 Same Property NOI range of 1.5% to 2.5%, which represents a 50-basis point increase at the midpoint. Full-year bad debt assumption of 0.55% to 1.05% of total revenues, which represents a 20-basis point decrease at the midpoint.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KRG:
- Is KRG a Buy, Before Earnings?
- Kite Realty Group upgraded to Buy from Hold at Jefferies
- Kite Realty Group Trust to Report First Quarter 2024 Financial Results on April 30, 2024
- Fitch Upgrades Kite Realty Group Trust’s Rating Outlook to ‘Positive’ from ‘Stable’
- Kite Realty Group Trust to Present at the Citi 2024 Global Property CEO Conference