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Kite Realty Group Trust (KRG)
:KRG
Earnings Data
Report Date
Aug 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 7.52%
|Next Earnings Date:Aug 04, 2025
Earnings Call Sentiment|Positive
The earnings call presented strong financial performance and strategic acquisitions with some concerns over economic uncertainty and increased bad debt reserves. The highlights, particularly the acquisition of Legacy West and strong leasing spreads, outweigh the noted lowlights.Company Guidance
During the Kite Realty Group Trust's first quarter 2025 earnings call, the company reported strong operating results and issued a guidance raise, highlighting a $0.02 increase in both NAREIT and core FFO per share guidance. Blended cash leasing spreads were just under 14%, with non-option renewal spreads at 20%. Starting rents for new shop leases reached nearly $41 per square foot, about 20% above the current portfolio average. Weighted average rent bumps for new and non-option renewal shop leases were 360 basis points, nearly 100 basis points higher than three years ago. The company completed a significant acquisition of Legacy West in a joint venture with GIC, enhancing its portfolio quality and solidifying its position in the lifestyle and mixed-use asset space. The acquisition is immediately accretive to FFO per share and modestly increases pro forma leverage by 0.2 times, maintaining a net debt-to-EBITDA target of 5 to 5.5 times. Additionally, same property NOI grew by 3.1%, driven by a 350 basis point increase from minimum rent and a 90 basis point increase in net recoveries, partially offset by higher bad debt.Strong First Quarter Operating Results
Kite Realty Group Trust reported a strong start to 2025 with a $0.02 increase in NAREIT and core FFO per share guidance, and a 3.1% same property NOI growth.
Landmark Acquisition of Legacy West
KRG completed a significant acquisition of Legacy West in a joint venture with GIC, enhancing portfolio quality with a 98.7% leased office and 95% leased retail component.
Blended Cash Leasing Spreads
Blended cash leasing spreads in the first quarter were nearly 14%, with non-option renewal spreads at 20%.
Increase in Starting Rents
Starting rents for new shop leases were approximately $41 per square foot, about 20% higher than the current portfolio average.
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KRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $21.55 | $21.65 | +0.46% |
Feb 11, 2025 | $23.37 | $22.63 | -3.17% |
Oct 30, 2024 | $25.39 | $25.03 | -1.42% |
Jul 30, 2024 | $24.60 | $23.80 | -3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kite Realty Group Trust (KRG) report earnings?
Kite Realty Group Trust (KRG) is schdueled to report earning on Aug 04, 2025, TBA Not Confirmed.
What is Kite Realty Group Trust (KRG) earnings time?
Kite Realty Group Trust (KRG) earnings time is at Aug 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRG EPS forecast?
KRG EPS forecast for the fiscal quarter 2025 (Q2) is 0.07.
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