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Kite Realty Group (KRG)
NYSE:KRG
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -7.47%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong operational performance in 2024, marked by record leasing and robust financial metrics. However, the outlook for 2025 is tempered by challenges such as tenant bankruptcies and non-cash headwinds, indicating a cautious approach to future growth.Company Guidance
During the fourth quarter 2024 earnings call, Kite Realty Group provided guidance for 2025, emphasizing several key metrics. They reported a strong leasing year in 2024, with five million square feet of space leased and non-option renewal spreads at 13.3%. For 2025, they project NAREIT FFO between $2.02 to $2.08 per share and Core FFO between $1.98 to $2.04 per share. The company anticipates a same property NOI growth of 1.75% and a full-year bad debt assumption of 85 basis points of total revenues. They also highlighted their net debt to EBITDA ratio of 4.7 times and $1.2 billion in available liquidity, allowing for strategic capital deployment. Despite challenges from recent tenant bankruptcies, Kite Realty remains optimistic about strong operational gains and future growth opportunities.Record Leasing Volume
Leased five million square feet of space in 2024, the highest volume in company history.
Strong Rent Increases
New and non-option renewal leases signed in 2024 have weighted average rent increases of 290 basis points, above the portfolio average of 170 basis points.
High Blended Spreads and Returns
Generated 31.9% blended spreads and a 46.4% gross return on capital for all comparable new leasing activity in 2024.
Robust Balance Sheet
Net debt to EBITDA at 4.7 times, with $1.2 billion in available liquidity.
Successful Acquisitions
Acquired Publix-anchored Village Commons in West Palm Beach for $68.4 million, enhancing the portfolio.
Outperformance of Guidance
Fourth quarter and full-year results outperformed initial guidance with NAREIT FFO per share of $0.53 for the quarter and $2.07 for the full year.
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KRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $23.70 | $22.95 | -3.16% |
| Oct 30, 2024 | $25.74 | $25.38 | -1.40% |
| Jul 30, 2024 | $24.95 | $24.14 | -3.25% |
| Apr 30, 2024 | $21.10 | $20.73 | -1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kite Realty Group (KRG) report earnings?
Kite Realty Group (KRG) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Kite Realty Group (KRG) earnings time?
Kite Realty Group (KRG) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRG EPS forecast?
KRG EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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