---
schema_version: "secwatch.filing_event.v1"
accession: "0001286043-23-000098"
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: "2026-06-12T21:47:51.194193+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kite Realty Q2 core FFO beats consensus; raises 2023 same-property NOI guidance midpoint by 75 bps

## Summary
- Q2 2023 core FFO per share exceeded consensus by $0.03, driven by lower bad debt and higher termination fees.
- Same-property NOI growth guidance raised to 3.0%-4.0% from prior midpoint of 2.75%.
- Blended cash lease spreads on 63 signed leases were 11.6%; leased percentage up 40 bps for anchors and 10 bps for shops.
- Net debt to adjusted EBITDA at 5.3x; portfolio 94.2% leased (per supplemental).
- Management maintains 2023 bad debt reserve assumption of 1.25% of revenues; no additional Bed Bath & Beyond revenue expected.

## SEC filing metadata
- accession: 0001286043-23-000098
- 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: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000098/0001286043-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000098/krg-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286043-23-000098
- JSON: https://secwatch.observer/filing/0001286043-23-000098.json
- Plain text: https://secwatch.observer/filing/0001286043-23-000098.txt

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