earnings
confidence high
sentiment positive
materiality 0.75
Kite Realty posts 94.1% leased, 2.0% SPNOI growth; 2025 guidance 1.25-2.25%
KITE REALTY GROUP TRUST
2024-FY EPS reported
$0.02
revenue$841,842,000
- Retail portfolio 94.1% leased; same property NOI up 2.0% YoY; ABR per SF $19.28 up 4.7%.
- All-time high annual leasing volume; anchor leased +160bps, shop +40bps YoY.
- 2025 SPNOI guidance 1.25%-2.25%; net interest expense ~$122M midpoint.
- Credit ratings upgraded: S&P to BBB, Moody's to Baa2; Fitch outlook positive.
- Available liquidity ~$1.2B; net debt to EBITDA 5.5x; $27.3M lease-up spread pipeline.