Kite Realty Group Trust (KRG) Tops Q3 FFO by 2c, Offers FY Guidance
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Kite Realty Group Trust Reports Third Quarter 2015 Results and Increases Guidance
October 29, 2015 4:17 PM EDTINDIANAPOLIS--(BUSINESS WIRE)-- Kite Realty Group Trust (NYSE: KRG) (the Company) announced today operating results for the third quarter ended September 30, 2015. Financial statements and exhibits attached to this release include the details of the results.
Our robust third quarter performance is a direct result of our leasing momentum, balance sheet initiatives and continued operational excellence, said John Kite, Chief Executive Officer. We gained 130 basis points in small shop leasing and grew same-property net operating income by 3.1%, with over 90% of our portfolio contributing to the same-property pool. Upon funding the recently announced... More
