secwatch.observer — SEC 8-K summary
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Issuer:     KITE REALTY GROUP TRUST (KRG)
CIK:        0001286043
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001286043-22-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kite Realty Q2 FFO as adj $0.49/shr (+44% YoY); raises 2022 guidance to $1.80-$1.86
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- Net income $13.1M ($0.06/dil) vs loss $0.2M; FFO as adj $0.49/shr, up 44% YoY.
- Leased 1.2M sq ft at 13.2% blended cash leasing spreads; same-property NOI +3.8%.
- Acquired Palms Plaza (Boca Raton) for $35.8M; sold Plaza Del Lago for $58.7M.
- Upsized credit facility to $1.1B; issued $300M 7-yr term loan at ~3.95%.
- Raised 2022 FFO as adj guidance to $1.80-$1.86/shr from $1.74-$1.80; same-property NOI guidance raised to 3.5%-4.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286043/000128604322000091/0001286043-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286043/000128604322000091/krg-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001286043-22-000091

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