---
schema_version: "secwatch.filing_event.v1"
accession: "0001286043-23-000096"
form_type: "8-K"
ticker: "KRG"
cik: "0001286043"
company_name: "KITE REALTY GROUP TRUST"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:47:40.376463+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001286043-23-000096
- form_type: 8-K
- ticker: KRG
- cik: 0001286043
- company_name: KITE REALTY GROUP TRUST
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000096/0001286043-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000096/krg-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286043-23-000096
- JSON: https://secwatch.observer/filing/0001286043-23-000096.json
- Plain text: https://secwatch.observer/filing/0001286043-23-000096.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000096/0001286043-23-000096-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000096/0001286043-23-000096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.