secwatch.observer — SEC 8-K summary
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Issuer:     KITE REALTY GROUP TRUST (KRG)
CIK:        0001286043
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001286043-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kite Realty reports 2022 FFO $1.93/share; 2023 SPNOI guidance 2.0%-3.0%
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- 2022 same-property NOI grew 5.1% vs original guidance of 2.0%; FFO per share $1.93, up from $1.72 midpoint.
- 2023 SPNOI growth guided at 2.0%-3.0%; bad debt assumption 1.25% of revenue; Bed Bath & Beyond/Party City/Regal impact $0.03/share.
- Net debt-to-EBITDA at 5.2x; available liquidity nearly $1.2 billion; $44M active development spend remaining.
- Anchor leased % up 110 bps, shop leased % up 170 bps YoY; leased-to-occupied spread represents $33M NOI, ~89% coming online in 2023.
- Total leasing volume hit record high; 67% of ABR in Sun Belt markets; 60% ABR from grocery-anchored community/neighborhood centers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286043/000128604323000011/0001286043-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286043/000128604323000011/krg-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001286043-23-000011

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