Kite Realty (KRG) reported Q1 core funds from operations Wednesday of $0.52 per diluted share, down from $0.53 a year earlier.
Analysts surveyed by FactSet expected $0.51.
Revenue for the quarter ended March 31 was $200.7 million, down from $221.1 million a year earlier.
Analysts polled by FactSet expected $198.4 million.
Kite Realty reaffirmed its 2026 core FFO outlook of $2.06 to $2.12 per share. Analysts surveyed by FactSet expect $2.08.
Kite Realty kept its quarterly dividend at $0.29 per share, payable July 16 to holders of record July 9.