KRG
Kite Realty Group Trust23.47
-0.15-0.64%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details 2026 dispositions and buybacks
Q&A drilled into 2026 guidance details, confirming $115M noncore dispositions—mostly power centers including City Center at mid-$50s, closing around August—and $110M 1031 acquisitions targeting neighborhood grocery and lifestyle assets with superior embedded rent growth, partly for tax loss harvesting. Proceeds will fund more buybacks, debt reduction after recent $50M repurchases and $85M line paydown. Bad debt reserve hits 100bps mainly for Container Store risks. Management defended low-leverage buybacks over aggressive growth, prioritizing portfolio derisking for sticky FFO gains. Buybacks still yield 8%+. Swing factors include S&O timing and $0.04 recurring headwinds. Investors will eye transaction execution and embedded escalator progress toward 2%.
Key Stats
Market Cap
5.27BP/E (TTM)
36.67Basic EPS (TTM)
0.64Dividend Yield
0.05%Recent Filings
8-K
8-K
New CAO appointed
Kite Realty Group Trust appointed Adam M. Jaworski as Senior Vice President, Chief Accounting Officer, and principal accounting officer effective April 6, 2026. The 53-year-old Brookfield veteran brings deep financial reporting and controls expertise. Compensation includes $365,000 base salary, 60% target cash bonus, 50% equity target, $50,000 signing bonus, and $330,000 in restricted shares vesting over three years. Joseph Schmid steps down from interim role but stays on as consultant.
8-K
KRG Q4 earnings, 2026 guide
Kite Realty Group posted Q4 net income of $180.8M ($0.84/share), boosted by $183M gains from property sales, while Core FFO held at $0.51/share. Same Property NOI rose 1.7% yet total NOI dipped on dispositions; leasing spreads hit 12.8% on 1.3M sq ft. Shares repurchased: 13M for $300M. 2026 Core FFO guides $2.06-$2.12. Net debt steady at 4.9x.
8-K
Q4 2025 FFO beats
Kite Realty released its Q4 2025 investor update on February 17, 2026, reporting full-year NAREIT FFO of $2.10, up from $2.07, fueled by 2.9% same property NOI growth and strong leasing spreads. Core FFO hit $2.06, beating 2024's $1.99. Signed-not-open pipeline stands at $37.0M; 2026 guidance eyes $2.06-$2.12 Core FFO amid 2.25%-3.25% NOI growth.
10-K
FY2025 results
Kite Realty posted $298.7M net income for FY2025 ended December 31, 2025, fueled by $292M gains from selling 13 properties and contributing three to a joint venture, while Same Property NOI rose 2.9% y/y on contractual rents and 13.8% leasing spreads across 4.6M sq ft. Portfolio leasing hit 95.1% with ABR/sq ft up 7.0% y/y to $22.63, yet Q4 impairments struck three assets for $51.8M total. Strong leasing accelerated momentum. Debt stands at 4.9x EBITDA with $1B revolver capacity. Q4 repurchases devoured shares. Tenant bankruptcies loom large.
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