Kite Realty Group (KRG) Percentage Leased

Represents the share of rentable space that is currently occupied and producing income, a key driver of near-term cash flow. High occupancy supports stable revenues and expense absorption; falling lease rates signal revenue pressure and potential need for tenant incentives.

Occupancy has settled in the mid-90s after steady recovery, with a noticeable mid-2025 dip followed by a rebound into early 2026—a pattern that matches management’s description of seasonal small-shop softness but improving fundamentals. Management’s strong Q1 leasing spreads, a $36M signed-not-open pipeline and active anchor repositioning underpin the rebound and justify the raised same-store NOI midpoint, but execution/timing risk on acquisitions/dispositions and remaining occupancy gap to pre-COVID highs keep near-term upside contingent on SNO conversion and successful backfilling.