secwatch.observer — SEC 8-K summary
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Issuer:     KITE REALTY GROUP TRUST (KRG)
CIK:        0001286043
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001286043-22-000109
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KRG Q3 FFO as adj $0.48/dil (+45% YoY), same-property NOI +4.4%; raises 2022 guidance
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- Net loss $7.8M ($0.04/dil); FFO as adjusted $0.48/dil, +45% YoY per share.
- Same-property NOI increased 4.4%; leased 1.6M sq ft (record) at 10.8% blended cash spreads.
- Raised 2022 FFO guidance to $1.86-$1.90 from $1.80-$1.86; same-property NOI guidance upped to 4.0%-5.0%.
- Acquired Palms Plaza for $35.8M; upsized revolver to $1.1B; issued $300M term loan at ~3.95% fixed for 3 years.
- Retail portfolio 94.0% leased; ABR $19.86/sq ft (+7.1% YoY); signed-not-open NOI $38M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286043/000128604322000109/0001286043-22-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286043/000128604322000109/krg-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001286043-22-000109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer