Kite Realty Group Trust Sees FY24 Net Income $0.30-$0.36; Updates Nareit FFO From $2.00-$2.06 To $2.02-$2.08
Portfolio Pulse from Benzinga Newsdesk
Kite Realty Group Trust (KRG) has updated its FY24 earnings guidance, raising its NAREIT FFO forecast from $2.00-$2.06 to $2.02-$2.08 per diluted share. The adjustment is based on improved same property NOI projections and a reduced bad debt assumption. Net income for FY24 is expected to be between $0.30 and $0.36 per diluted share.
April 30, 2024 | 8:27 pm
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Kite Realty Group Trust has raised its FY24 NAREIT FFO guidance from $2.00-$2.06 to $2.02-$2.08 per diluted share, indicating a positive outlook based on improved operational metrics.
The upward revision in KRG's NAREIT FFO guidance reflects a positive operational outlook, suggesting improved same property NOI and a more favorable bad debt scenario. This update is likely to be viewed positively by investors, potentially leading to a short-term uplift in KRG's stock price.
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