Kite Realty reports Q3 core FFO 52c, consensus 51c

The company said, “Momentum is building across every part of our operating platform, We are raising both our full-year FFO per share guidance and same property NOI assumption. Leasing demand remains exceptional, with 1.2 million square feet executed during the quarter and solid sequential gains in our leased rate. We are channeling that momentum into long-term value creation – driving higher embedded rent bumps, backfilling space with well-capitalized tenants, and continuing to optimize the portfolio.”