KITE REALTY GROUP TRUST (KRG) Company Report

Kite Realty Group completed $474.0 million in asset dispositions, including a portfolio of eight large-format power and community centers for $429.0 million and the sale of Paradise Valley Marketplace for $45.0 million.
The company repurchased 3.8 million shares of common stock for $86.1 million since October 30, 2025, at a volume-weighted average price of $22.49 per share.
Proceeds from these dispositions are expected to be allocated to 1031 acquisitions, additional share repurchases, debt reduction, and a potential special dividend.
The company's 2025 NAREIT and Core FFO per share guidance remains unchanged.
The 2025 Same Property Net Operating Income growth assumption increased by 30 basis points at the midpoint, to a range of 2.6% to 3.0%.

Dec 8, 2025, 9:01 PM

Press Release

KRG Reports Q3 2025 Results, Raises Guidance, and Details Capital Allocation Plans

KRG

Earnings

Guidance Update

Share Buyback

Dividends

New Projects/Investments

Kite Realty Group Trust (KRG) reported Q3 2025 NAREIT FFO per share of $0.53 and Core FFO per share of $0.52, with Same Property NOI increasing 2.1% year over year.
The company increased the midpoint of its 2025 NAREIT and Core FFO per share guidance by $0.02 each and raised its same property NOI growth assumption by 50 basis points.
KRG has a disposition pipeline of approximately $500 million, with the majority expected to close by year-end 2025, and plans to deploy proceeds into acquisitions, debt reduction, share repurchases, and/or special dividends.
The company repurchased 3.4 million shares for approximately $75 million at an average price of $22.35 and anticipates distributing a special dividend of up to $45 million.
Portfolio improvements include a 60 basis point sequential increase in lease rate and embedded rent bumps reaching 178 basis points, a 20 basis point increase over the last 18 months.

Oct 30, 2025, 3:00 PM

Transcript

Kite Realty Group Trust Updates 2025 Guidance and Announces Share Buybacks and Dividend Increase

KRG

Guidance Update

Share Buyback

Dividends

Kite Realty Group Trust increased the midpoint of its 2025 NAREIT and Core FFO per share guidance by $0.02 and its same property NOI assumption by 50 basis points.
In Q3 2025, KRG reported NAREIT FFO per share of $0.53 and Core FFO per share of $0.52. The company also repurchased 3.4 million shares for approximately $75 million at an average price of $22.35, with this activity contributing $0.01 to the FFO per share increase.
The company has a disposition pipeline of approximately $500 million in non-core assets, with the majority expected to close by year-end 2025. Additionally, the Board of Trustees authorized an increase in the dividend to $0.29 per share, representing a 7.4% year-over-year increase.

Oct 30, 2025, 3:00 PM

Transcript

KRG Announces Q3 2025 Results and Full-Year Guidance

KRG

Earnings

Guidance Update

New Projects/Investments

Kite Realty Group (KRG) reported Q3 2025 NAREIT FFO of $0.53 and Core FFO of $0.52, alongside 2.1% Same Property NOI Growth.
For the full year 2025, KRG provided guidance for NAREIT FFO between $2.09 and $2.11 and Core FFO between $2.05 and $2.07, with anticipated Same Property NOI growth ranging from 2.25% to 2.75%.
The company maintains a strong financial position with an investment-grade balance sheet, holding credit ratings of BBB from S&P, Baa2 from Moody's, and BBB from Fitch, and approximately $1.2 billion in available liquidity.
KRG's retail portfolio was 93.9% leased in Q3 2025, with an Annualized Base Rent (ABR) of $22.11 per square foot. Leasing activity included ~1.2 million square feet with 12.2% comparable blended cash leasing spreads, contributing to a signed-not-open (SNO) pipeline of $34.6 million.

Oct 30, 2025, 3:00 PM

Presentation

Kite Realty Group Trust Raises 2025 Guidance and Announces Share Repurchases and Dividend Increase

KRG

Guidance Update

Share Buyback

Dividends

Kite Realty Group Trust raised the midpoint of its 2025 NAREIT and Core FFO per share guidance by $0.02 and increased its same property NOI assumption by 50 basis points. In Q3 2025, the company earned $0.53 of NAREIT FFO per share and $0.52 of Core FFO per share.
The company repurchased 3.4 million shares for approximately $75 million at an average price of $22.35. KRG also has a disposition pipeline of approximately $500 million of non-core assets, with the majority expected to close by year-end.
The Board of Trustees authorized a 7.4% increase in the dividend to $0.29 per share and anticipates distributing a special dividend of up to $45 million in 2025.
Operationally, the lease rate increased 60 basis points sequentially and embedded rent bumps for the portfolio rose to 178 basis points, a 20 basis point increase over the last 18 months.

Oct 30, 2025, 3:00 PM

Transcript

Kite Realty Group Reports Q3 2025 Results, Raises Full-Year Guidance, and Increases Dividend

KRG

Earnings

Guidance Update

Dividends

Kite Realty Group reported a net loss attributable to common shareholders of $16.2 million, or $0.07 per diluted share, for the third quarter ended September 30, 2025. For the nine months ended September 30, 2025, net income attributable to common shareholders was $117.8 million, or $0.54 per diluted share.
The company generated NAREIT FFO of $118.8 million, or $0.53 per diluted share, and Core FFO of $116.3 million, or $0.52 per diluted share, for Q3 2025.
KRG raised its 2025 NAREIT FFO guidance range to $2.09 to $2.11 per diluted share and its Core FFO guidance range to $2.05 to $2.07 per diluted share.
Operational highlights for Q3 2025 include a 2.1% increase in Same Property Net Operating Income (NOI) and the execution of leases representing approximately 1.2 million square feet at 12.2% comparable blended cash leasing spreads. The retail portfolio leased percentage stood at 93.9% as of September 30, 2025.
The Board of Trustees raised the quarterly dividend on common shares by 7.4% year-over-year to $0.29 per common share for Q4 2025, and the company repurchased 3.4 million shares of common stock for $74.9 million.

Oct 29, 2025, 8:16 PM

8-K

Kite Realty Group Reports Q3 2025 Operating Results and Raises 2025 Guidance

KRG

Earnings

Guidance Update

Share Buyback

Kite Realty Group reported a net loss attributable to common shareholders of $16.2 million, or $0.07 per diluted share, for the third quarter ended September 30, 2025, compared to net income of $16.7 million, or $0.08 per diluted share, for the same period in 2024.
The company raised its 2025 NAREIT FFO guidance range to $2.09 to $2.11 per diluted share and its Core FFO guidance range to $2.05 to $2.07 per diluted share.
KRG repurchased 3.4 million shares of common stock for $74.9 million at an average price of $22.35.
The Board of Trustees raised the quarterly dividend on common shares by 7.4% year-over-year to $0.29 per common share for the fourth quarter of 2025.
Same Property Net Operating Income (NOI) increased by 2.1% for the third quarter ended September 30, 2025.

Oct 29, 2025, 8:15 PM

Press Release

Kite Realty Group Trust Reports Strong Q2 2025 Results and Raises Full-Year Guidance

KRG

Earnings

Guidance Update

M&A

Kite Realty Group Trust reported Q2 2025 NAREIT FFO per share of $0.51 and core FFO per share of $0.50.
The company raised its 2025 guidance, increasing the midpoints of NAREIT and core FFO per share by $0.01 each and the same property NOI assumption by 25 basis points.
Operational highlights included 17% blended cash leasing spreads, the highest in five years, and 3.3% same property NOI growth in Q2 2025.
Strategic capital recycling efforts continued with the formation of two joint ventures with GIC, comprising over $1 billion in gross asset value, and the sale of three non-core assets year-to-date.
KRG also issued a seven-year $300 million bond at a 5.2% coupon, resulting in a net debt to EBITDA of 5.1 times.

Aug 1, 2025, 4:05 PM

Kite Realty Group, L.P. Completes $300 Million Senior Notes Offering

KRG

Debt Issuance

Kite Realty Group, L.P. (KRG) completed an offering of $300 million aggregate principal amount of 5.200% Senior Notes due 2032 on June 27, 2025.
The notes bear interest at 5.200% per annum, payable semi-annually on February 15 and August 15, beginning February 15, 2026, and will mature on August 15, 2032.
The Operating Partnership intends to use the net proceeds to repay its $150 million unsecured term loan due July 17, 2026, and $80 million Senior Notes due September 10, 2025, along with a portion of its unsecured revolving credit facility.
The Indenture for the notes includes financial covenants such as a maximum leverage ratio of 60%, a maximum secured indebtedness ratio of 40%, and a Consolidated EBITDA to annual debt service charge ratio of at least 1.50 to 1.00.

Jun 27, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for KITE REALTY GROUP TRUST.

Q3 2025

Oct 30, 2025

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Q2 2025

Jul 31, 2025

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KITE REALTY GROUP TRUST (KRG)

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John A. Kite

Heath R. Fear

Thomas K. McGowan

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Bonnie S. Biumi

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Charles H. Wurtzebach

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