Kite Realty Group Reports First Quarter 2026 Operating Results
Kite Realty Group reported Q1 Core FFO of $0.52 per share, driven by a 3.6% increase in Same Property NOI and a 90-basis point improvement in portfolio occupancy to 94.7%. The Board of Trustees approved a 7.4% increase in the quarterly dividend to $0.29 per share and upsized the share repurchase authorization program from $300 million to $600 million.
Key figures
- Eps
- 0.06
- Guidance
- 2026 NAREIT FFO $2.06-$2.12 per share (affirmed); Net income $0.33-$0.39 per share
- Offering Price
- 23.67
- Shares Offered
- 16900000
- Core ffo share
- 0.52
- Dividend increase
- 7.4%
- Dividend per share
- 0.29
- Same property noi growth
- 3.6%
- Net debt to adjusted ebitda
- 5.2x
AI analysis
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