Kite Realty Group Trust (KRG) Tops Q3 EPS by 5c

Kite Realty Group Trust (NYSE: KRG) reported Q3 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $85.75 million versus the consensus estimate of $85.99 million.

“2018 continues to be a year of strong operational performance and strategic execution,” said Chairman and Chief Executive Officer, John Kite. “During the third quarter, we improved our operating portfolio’s ABR, increased our small shop leased percentage, and executed 93 new and renewal leases for 446,000 square feet. Approximately 70% of our executed leases and tenant openings were restaurant, grocery, and service offerings. We recently announced noteworthy additions to our executive team with the hiring of Heath Fear as Executive Vice President & Chief Financial Officer, and the promotion of Wade Achenbach to Executive Vice President, Portfolio Management.”

GUIDANCE:

Kite Realty Group Trust sees FY2018 EPS of ($0.23)-($0.20).

For earnings history and earnings-related data on Kite Realty Group Trust (KRG) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Sharon AI surges premarket; New Oriental gains, Medline slips
• Nvidia pitches Vera CPU to Chinese clients with August delivery target