other material
confidence high
sentiment neutral
materiality 0.55
Kite Realty Q1 2025 update: 20.1% leasing spreads, same-property NOI growth 1.25%-2.25%
KITE REALTY GROUP TRUST
- Leasing activity strong: 20.1% comparable non-option renewal spreads in Q1.
- Shop leased percentage up 80 bps YoY; anchor leased down 80 bps due to bankruptcies.
- NOI spread of $27.5M from signed leases, ~72% expected in 2025.
- FY2025 same-property NOI growth guided at 1.25%–2.25%.
- Full-year credit disruption forecast at 1.95% of total revenues, including anchor bankruptcies.