Kite Realty Q2 net income $0.50/diluted share; raises 2025 FFO guidance; JV with GIC

KITE REALTY GROUP TRUST

2025-Q2 EPS reported $0.61 revenue$435,157,000

Net income $110.3M ($0.50/diluted) vs net loss $48.6M in Q2 2024.
Core FFO $0.50/diluted; Same Property NOI +3.3%; blended cash leasing spreads 17.0%.
Raised 2025 Core FFO guidance to $2.02-$2.06 from $2.00-$2.06; NAREIT FFO to $2.06-$2.10.
Second JV with GIC: contributed three assets for ~$112.1M; acquired Legacy West for $785M (52% ownership).
Issued $300M 5.20% notes due 2032; sold Fullerton Metrocenter for $118.5M; $0.27 dividend (+3.8% YoY).

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