Kite Realty reaffirms FY26 NAREIT FFO view $2.06-$2.12, consensus $2.10

FY26 guidance is based in the following assumptions: raises Same Property NOI growth range view to 2.50%-3.50% from 2.25%-3.25%; lowers bad debt reserve tpo 0.95% of total revenues at the midpoint from 1.00% of total revenues; and raises interest expense view, net of interest income, excluding unconsolidated joint ventures, to $121.2M at the midpoint from $121.0M.