KRG reports $196.26M in Q2 revenue, missing estimates, while FFO of $0.52 aligns with projections and NOI rises 3.7%.
Kite Realty Group reported second-quarter revenue of $196.26M, missing estimates by $0.39M and declining 8.0% year-over-year. Funds from operations (FFO) came in at $0.52 per share, matching expectations.
The company generated NAREIT FFO of $109.1 million, or $0.53 per diluted share, while same-property net operating income (NOI) increased 3.7%. Despite the revenue miss, Kite Realty reaffirmed its fiscal 2026 outlook.
Shares showed limited immediate reaction as investors focused on the in-line FFO and NOI growth.