Kite Realty Group (KRG)
NYSE:KRG
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Earnings Data
Report Date
Aug 03, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operating fundamentals: better-than-expected Q1 same-property NOI growth (3.6%), robust leasing activity and spreads, growing ABR (+6.5% YoY), an elevated SNO pipeline, improving embedded rent escalators, meaningful share repurchases and active capital recycling with a strong liquidity position. Management acknowledged timing-related items (recurring but unpredictable items shifted into 2027), transaction execution risk for planned 1031 acquisitions and dispositions, and occupancy that remains below historical peaks but with clear path to improvement. On balance, the company presented multiple concrete operational and financial positives while flagging execution/timing risks tied to transactions and seasonal occupancy dynamics.Company Guidance
Same-Property NOI Growth
Same-property NOI increased 3.6% in Q1 (year-over-year), outperforming expectations and prompting a 25 basis point increase to the 2026 same-property NOI midpoint guidance.
Strong Leasing Activity and Spreads
Executed 151 new and renewal leases totaling over 700,000 square feet. Blended cash leasing spreads were 13.5% overall, 31.3% on new leases, and non-option renewal spreads were 12.3%.
Improving Occupancy and Lease Rate
Portfolio lease rate of 94.7%, up 90 basis points year-over-year, reflecting continued absorption by well-capitalized retailers.
ABR Growth
Average base rent (ABR) per square foot reached $22.89 at quarter end, a 6.5% increase year-over-year.
Robust Signed-Not-Open (SNO) Pipeline
Signed-not-open pipeline of approximately $36 million of NOI with an average ABR of $28/sqft; SNO represents a ~350 basis point spread between leased and occupied rates and supports future NOI acceleration.
Embedded Rent Escalators Improving
Embedded rent escalators increased to 182 basis points (from 156 bps two years ago), progressing toward a 200 bps target that supports contractual rent compounding.
Share Repurchase Program and Capital Recycling
Repurchased 6 million shares in Q1 for ~$152 million; total repurchases to date 16.9 million shares for $400 million at an average price of $23.67, executed at a yield arbitrage considered attractive by management.
Asset Sales and Strategic Joint Ventures
Over $600 million of noncore assets sold over the past 2 years; active capital recycling including transformational joint ventures to reposition portfolio toward grocery-anchored, lifestyle and mixed-use assets.
Balance Sheet Strength and Liquidity
Net debt to EBITDA of 5.2x (in the company’s low- to mid-5x target range) and access to over $1 billion of total liquidity, enabling continued opportunistic actions.
Q1 FFO and Confirmed Full-Year Guidance
Generated $0.52 of NAREIT FFO and $0.52 of core FFO per share in Q1; affirmed 2026 NAREIT/core FFO guidance of $2.06 to $2.12 per share.
Legacy West and High-Quality Lifestyle Assets
Legacy West performing strongly with retail ABR mark-ups (examples of new retail deals >$100/sqft versus prior ~$65/sqft), and top lifestyle assets (Legacy West, One Loudoun, South Lake) contributing outsized NOI relative to GLA.
High Returns from Anchor Repositioning
Repositioning anchors to higher-quality grocers (Trader Joe's, Whole Foods) shown to generate strong returns on capital (management cited mid-teens to 40% on specific deals; average ~30%), plus incremental uplift across adjacent shop rents and cap-rate compression.
KRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $26.15 | $26.05 | -0.38% |
Feb 17, 2026 | $24.74 | $25.51 | +3.12% |
Oct 29, 2025 | $21.60 | $21.26 | -1.57% |
Jul 30, 2025 | $22.01 | $21.08 | -4.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kite Realty Group (KRG) report earnings?
Kite Realty Group (KRG) is schdueled to report earning on Aug 03, 2026, After Close (Confirmed).
What is Kite Realty Group (KRG) earnings time?
Kite Realty Group (KRG) earnings time is at Aug 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRG EPS forecast?
KRG EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.