---
schema_version: "secwatch.filing_event.v1"
accession: "0001286043-23-000121"
form_type: "8-K"
ticker: "KRG"
cik: "0001286043"
company_name: "KITE REALTY GROUP TRUST"
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T05:39:39.374759+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kite Realty Q3 net income $2.1M; raises 2023 FFO guidance to $1.99-$2.03; S&P outlook positive

## Summary
- Net income $2.1M ($0.01 diluted EPS) vs net loss $7.8M (-$0.04) in Q3 2022.
- Same Property NOI up 4.7% YoY; blended cash leasing spreads of 14.2% on 165 leases.
- Raises 2023 NAREIT FFO guidance to $1.99-$2.03 (from $1.96-$2.00); SP NOI growth raised to 4.5%.
- Acquired Prestonwood Place (Dallas) for $81.0M; sold Reisterstown Road Plaza for $48.3M.
- S&P revised outlook to Positive from Stable; declared $0.25 Q4 dividend, 11.5% increase YoY.

## SEC filing metadata
- accession: 0001286043-23-000121
- form_type: 8-K
- ticker: KRG
- cik: 0001286043
- company_name: KITE REALTY GROUP TRUST
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000121/0001286043-23-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000121/krg-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001286043-23-000121
- JSON: https://secwatch.observer/filing/0001286043-23-000121.json
- Plain text: https://secwatch.observer/filing/0001286043-23-000121.txt

## Key facts
- Earnings Releases
  KITE REALTY GROUP TRUST reported third quarter ended September 30, 2023 results: net income $2.1 million, or $0.01 per diluted share, EPS $0.01 per diluted share. Guidance raised.
  - Period: third quarter ended September 30, 2023
  - Net income: $2.1 million, or $0.01 per diluted share
  - EPS: $0.01 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Kite Realty Group Trust Reports Third Quarter 2023 Operating Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000121/0001286043-23-000121-index.htm
- Earnings Releases
  KITE REALTY GROUP TRUST reported 2023 results: net income $0.19 to $0.23 per diluted share. Guidance raised.
  - Period: 2023
  - Net income: $0.19 to $0.23 per diluted share
  - Guidance: raised
  - Result: guidance update
  source text: The Company is raising its 2023 NAREIT FFO guidance range to $1.99 to $2.03 per diluted share from $1.96 to $2.00 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000121/0001286043-23-000121-index.htm
- Earnings Releases
  KITE REALTY GROUP TRUST reported nine months ended September 30, 2023 results: net income $39.5 million, or $0.18 per diluted share, EPS $0.18 per diluted share. Guidance raised.
  - Period: nine months ended September 30, 2023
  - Net income: $39.5 million, or $0.18 per diluted share
  - EPS: $0.18 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: For the nine months ended September 30, 2023 and 2022, net income attributable to common shareholders was $39.5 million, or $0.18 per diluted share, compared to a net loss of $11.5 million, or $0.05 per diluted share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000128604323000121/0001286043-23-000121-index.htm

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