Kite Realty Group Trust Sees FY24 EPS $0.29-$.35; NAREIT FFO $2.00-$2.06
Portfolio Pulse from Benzinga Newsdesk
Kite Realty Group Trust (KRG) projects its FY24 EPS to be between $0.29 and $0.35 and NAREIT FFO to range from $2.00 to $2.06 per diluted share. These forecasts are based on assumptions including a Same Property NOI growth of 1.0% to 2.0% and a bad debt assumption of 0.75% to 1.25% of total revenues.
February 13, 2024 | 9:25 pm
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Kite Realty Group Trust expects FY24 EPS of $0.29-$0.35 and NAREIT FFO of $2.00-$2.06, indicating a positive outlook based on projected NOI growth and manageable bad debt.
KRG's guidance for FY24 suggests a positive financial outlook, with expected growth in net income and FFO. The specific mention of NOI growth and a controlled range for bad debt indicates a strong operational performance and effective risk management, likely leading to investor confidence and a potential increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100