Kite Realty Q2 2023 FFO $0.51/sh; raises 2023 FFO guidance to $1.96-$2.00

KITE REALTY GROUP TRUST

2023-Q2 EPS reported $0.17 revenue$415,509,000

Net income $32.1M ($0.15 diluted EPS) vs $13.1M ($0.06) in Q2 2022.
NAREIT FFO $113.7M ($0.51/diluted share); Same Property NOI +5.7% YoY.
Blended cash leasing spreads 14.8% on 146 comparable leases; leased 1.3M sq ft.
2023 FFO guidance raised to $1.96-$2.00/sh (previous $1.92-$1.98); SPNOI guidance now 3.0%-4.0%.
Q3 dividend increased 9.1% to $0.24/sh; net debt/Adjusted EBITDA improved to 5.0x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

KITE REALTY GROUP TRUST reported the six months ended June 30, 2023 results: net income net income attributable to common shareholders was $37.4 million, or $0.17 per diluted share. Guidance raised.

Period: the six months ended June 30, 2023
Net income: net income attributable to common shareholders was $37.4 million, or $0.17 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023 and 2022, net income attributable to common shareholders was $37.4 million, or $0.17 per diluted share, compared to net loss of $3.7 million, or $0.02 per diluted share, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

KITE REALTY GROUP TRUST reported the second quarter ended June 30, 2023 results: net income net income attributable to common shareholders was $32.1 million, or $0.15 per diluted share. Guidance raised.

Period: the second quarter ended June 30, 2023
Net income: net income attributable to common shareholders was $32.1 million, or $0.15 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Kite Realty Group Trust Reports Second Quarter 2023 Operating Results Indianapolis, Indiana, July 31, 2023 – Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the second quarter ended June 30, 2023. For the quarters ended June 30, 2023 and 2022, net income attributable to common shareholders was $32.1 million, or $0.15 per diluted share, compared to net income of $13.1 million, or $0.06 per diluted share, respectively.

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Source: SEC EDGAR

accession 0001286043-23-000096

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