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Kite Realty Group (KRG)
NYSE:KRG
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.11Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced/Neutral — The call highlighted strong operational execution (record leasing, improved embedded escalators, meaningful capital recycling, JV activity, and a healthy balance sheet) and modest organic growth (core FFO +3.5%, same-property NOI +2.9%). However, near-term earnings guidance shows a notable decline from 2025 to 2026 due to timing of transactions, normalization of noncash items, elevated bad-debt reserve and recurring/unpredictable items (combined headwinds), and a widened leased-to-occupied gap. The company’s strategic actions are accretive on an annualized basis and position the portfolio for longer-term growth, but near-term headwinds and timing noise offset many of the positive operational achievements.Company Guidance
Record Leasing Volume
Leased nearly 5,000,000 square feet in 2025 — the highest annual leasing volume in company history — driving improved lease structures, higher rent escalators and an increase in leased rate of 120 basis points sequentially.
Strong Anchor Leasing Performance
Signed leases with 9 anchor tenants in Q4 and 28 anchors in 2025 (~645,000 sq ft) with a 24% blended comparable cash spread and ~26% gross returns on capital; tenants include Whole Foods, Trader Joe's, Crate & Barrel, Nordstrom Rack, Ulta and others.
Embedded Rent Growth Improving
Portfolio embedded rent bumps of 180 basis points (up nearly 25 bps from 2024) and a goal of reaching 200 bps; small-shop lease rate up 50 bps sequentially and 110 bps year-over-year.
Development & High-Quality Open-Air Wins
Active high-quality development (One Loudoun expansion: 86k retail, 33k office, 169 hotel rooms, 429 multifamily units; retail 65% leased to premium brands). Legacy West acquisition outperforming underwriting with new luxury tenants signed/opened.
Capital Recycling and JV Activity
Completed two JVs with GIC (~$1.0B gross asset value) and executed significant capital recycling — sold noncore assets (dispositions cited of ~$622M) while redeploying proceeds into $300M of share repurchases at an attractive ~9% core FFO yield.
FFO and NOI Results
Q4 NAREIT FFO per share $0.52 and core FFO $0.51; full year NAREIT FFO $2.10 and core FFO $2.60 with core FFO per share growth of 3.5% year-over-year. Full-year same-property NOI growth of 2.9% (100 bps above original guidance).
Signed-Not-Open (SNO) Pipeline and Leasing Momentum
Signed-not-open pipeline grew $4.0M sequentially to $37.0M of NOI; during Q4 executed 61 new leases adding ~$14.0M NOI that more than offset ~61 tenant openings representing ~$10.0M NOI. ~70% of SNO NOI expected to come online in 2026.
Strong Balance Sheet and Liquidity
Maintains over $1.0B in liquidity and net debt to EBITDA of 4.9x (below the company target range of 5.0–5.5x), providing flexibility for acquisitions, de-risking and buybacks.
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 |
|---|---|---|---|
Feb 17, 2026 | $25.03 | $25.81 | +3.12% |
Oct 29, 2025 | $21.85 | $21.51 | -1.57% |
Jul 30, 2025 | $22.27 | $21.33 | -4.23% |
Apr 29, 2025 | $20.66 | $20.75 | +0.46% |
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 May 05, 2026, After Close (Confirmed).
What is Kite Realty Group (KRG) earnings time?
Kite Realty Group (KRG) earnings time is at May 05, 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 (Q1) is 0.07.