Kite Realty Gr Trust Q1 FFO $0.50, Inline, Sales $207.44M Miss $207.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kite Realty Gr Trust (NYSE:KRG) reported Q1 FFO of $0.50 per share, meeting analyst estimates but marking a 1.96% decrease from last year. Sales were $207.44M, slightly missing estimates by 0.20% but showing a 0.33% increase from the previous year.
April 30, 2024 | 8:16 pm
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NEUTRAL IMPACT
Kite Realty Gr Trust reported a Q1 FFO of $0.50 per share, aligning with estimates but showing a slight decrease from the previous year. Sales were marginally below expectations but demonstrated a year-over-year growth.
KRG's earnings report shows a stable performance with FFO per share meeting analyst expectations and a slight year-over-year increase in sales. The slight miss in sales estimates and the decrease in FFO per share compared to last year might concern some investors, but the overall stability and slight growth in sales suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100