Kite Realty Group Q3 Same Property NOI rises on strong tenant demand
KRG•Kite Realty Group’s third-quarter Same Property NOI rose 3.6% year over year, while Core FFO was $0.52 per share. The company raised its 2026 Core FFO and NAREIT FFO guidance to $2.08-$2.12 per diluted share.
1. Third-quarter results
Kite Realty Group reported third-quarter Core FFO of $0.52 per share and NAREIT FFO of $0.53 per share. Same Property NOI rose 3.6% year over year, which the company attributed to strong tenant demand and leasing activity.
2. 2026 guidance
The company raised its 2026 Core FFO and NAREIT FFO guidance to $2.08-$2.12 per diluted share. It expects 2026 net income of $0.88-$0.92 per diluted share and Same Property NOI growth of 3.4%-3.9%.
3. Leasing and repurchases
Annualized base rent per square foot increased 6.4% year over year, and leased percentages increased across anchor and small shop categories. Kite Realty repurchased $63.4 million in shares during the quarter.
