Kite Realty Gr Trust Q2 2024 FFO $0.53 Beats $0.50 Estimate, Sales $212.434M Beat $207.534M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kite Realty Group Trust (NYSE:KRG) reported Q2 2024 earnings per share of $0.53, surpassing the analyst consensus estimate of $0.50 by 6%. The company also reported quarterly sales of $212.434 million, beating the estimate of $207.534 million by 2.36%. This represents a 1.76% increase over the same period last year.
July 30, 2024 | 8:20 pm
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Kite Realty Group Trust (NYSE:KRG) reported Q2 2024 earnings per share of $0.53, beating the analyst consensus estimate of $0.50 by 6%. The company also reported quarterly sales of $212.434 million, surpassing the estimate of $207.534 million by 2.36%. This positive earnings report is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The company's earnings and sales both exceeded analyst expectations, which is generally a positive indicator for the stock price. The 6% beat on EPS and 2.36% beat on sales suggest strong operational performance, likely leading to increased investor confidence and a potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100