earnings
confidence high
sentiment positive
materiality 0.75
Kite Realty Group Q4 Core FFO $0.52/sh, raises dividend 8%, guides 2025 Core FFO $1.98-$2.04
KITE REALTY GROUP TRUST
2024-FY EPS reported
$0.02
revenue$841,842,000
- Net income Q4 $21.8M ($0.10 diluted) vs $8.0M prior year; full year $4.1M after $66.2M impairment.
- Core FFO $0.52/sh Q4, $1.99/sh full year 2024, up 4.7% YoY.
- Same Property NOI +4.8% Q4 and +3.0% full year.
- Leased 5.0M sq ft at 12.8% cash spreads; dividend raised to $0.27/sh (+8% YoY).
- Acquired Publix-anchored center for $68.4M post-quarter; 2025 Core FFO guidance $1.98-$2.04.