Record Leasing Spreads
Blended cash leasing spreads reached 17% in Q2, the highest in five years, with non-option renewals nearly at 20%.
New Anchor Leases
11 new anchor leases were executed, including Whole Foods and Trader Joe's, contributing to more than doubling the new leasing volume sequentially.
Strategic Partnership Expansion
Expanded partnership with GIC, now comprising over $1 billion of gross asset value, including acquisitions and joint ventures.
Guidance Increase
Increased NAREIT and core FFO per share guidance by $0.01, and same-store NOI assumption by 25 basis points.
Successful Asset Sales
Sold 3 noncore assets, improving portfolio quality and reducing exposure to at-risk tenants.
Strong Financial Performance
KRG earned $0.51 of NAREIT FFO per share and $0.50 of core FFO per share with a same-property NOI growth of 3.3%.