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Stock impact report

These 3 REITs Just Jumped Higher On Earnings Beats [Yahoo! Finance]

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: Yahoo! Finance
But nothing turns a bear market slide around fast like earnings beats. And investors are happy to see that several REITs have reported quality earnings this past week. Take a look at three REITs that suffered large declines in share price over the past few months, only to jump up in price after posting solid earnings that beat the Street. Kite Realty Group Trust (NYSE: KRG ) is an Indianapolis-based retail REIT with 180 open-air and mixed-use properties from Vermont to California, comprising 28 million square feet of gross leasable space. Its strip malls are mostly anchored by grocery stores, and tenants include CVS, The Fresh Market, Best Buy, Burlington, Ross Stores and Costco Wholesale. Kite Realty had its IPO in 2004. On Oct. 30, after the bell, Kite Realty Group reported its third-quarter operating results. Funds from operations (FFO) of $0.51 per share beat the estimates of $0.48 per share and was in-line with the third quarter of 2022. Revenue of $207.22 million beat the Show less Read more
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