Kite Realty Group Trust Reports Q2 2025 Net Income of $110.3 Million, EPS at $0.50, Reversing $48.6 Million Loss from Previous Year

Reuters
07/31
Kite Realty Group Trust Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Income of $110.3 Million, EPS at $0.50, Reversing $48.6 Million Loss from Previous Year

Kite Realty Group Trust reported its financial results for the second quarter ended June 30, 2025. The company achieved a net income attributable to common shareholders of $110.3 million, or $0.50 per diluted share, compared to a net loss of $48.6 million, or $0.22 per diluted share, in the same quarter of the previous year. For the first six months of 2025, net income was $134 million, or $0.61 per diluted share, compared to a net loss of $34.5 million, or $0.16 per diluted share, for the same period in 2024. The company generated NAREIT FFO of $114 million, or $0.51 per diluted share, and Core FFO of $113.2 million, or $0.50 per diluted share. Same Property Net Operating Income (NOI) increased by 3.3%. Kite Realty Group Trust raised its 2025 guidance, projecting a net income range between $0.75 and $0.79 per diluted share. The NAREIT FFO guidance range is set between $2.06 and $2.10 per diluted share, while Core FFO is expected to be between $2.02 and $2.06 per diluted share. The company successfully leased approximately 1.2 million square feet with a 17.0% comparable blended cash leasing spread. Additionally, Kite Realty issued $300 million of 5.20% senior unsecured notes due August 2032, formed a second joint venture with GIC, and sold Fullerton Metrocenter for $118.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kite Realty Group Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9503394-en) on July 30, 2025, and is solely responsible for the information contained therein.

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