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Stock impact report

Kite Realty Group Trust Reports First Quarter 2024 Operating Results

Kite Realty Group Trust (KRG) 
Last kite realty group trust earnings: 2/18 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.kiterealty.com
Company Research Source: GlobeNewswire
  INDIANAPOLIS, April 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the first quarter ended March 31, 2024. For the quarters ended March 31, 2024 and 2023, net income attributable to common shareholders was $14.2 million, or $0.06 per diluted share, compared to $5.4 million, or $0.02 per diluted share, respectively. Company raises 2024 guidanceLeased approximately 1.0 million square feet at 12.8% comparable blended cash leasing spreadsReceived a credit rating upgrade to Baa2 from Moody’s Investors Service “The KRG team continued its strong momentum into the first quarter of 2024, generating approximately 13% blended cash leasing spreads and driving higher embedded rent bumps,” said John A. Kite, Chairman and CEO. “Based on our first quarter outperformance, we are increasing our 2024 NAREIT FFO per sh Show less Read more
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