![]() Our outperformance year-to-date is allowing us to increase our NAREIT FFO guidance by $0.03 at the midpoint. Our same-property NOI grew by 4.7% as compared to the same period in 2022, primarily driven by minimum rent growth, lower levels of bad debt, and overage rent. Turning to our third quarter results, we generated FFO per share of $0.51. Regardless of how the next few years unfold, KRG is in the enviable position of moving forward with confidence. Since the outset of project focus in late 2018, we have strategically positioned our portfolio and balance sheet to thrive in any environment.Īs a result of our operational intensity, we've outpaced our peers in three key metrics: ABR growth, blended cash spreads, and FFO growth. KRG demonstrated another quarter of exceptional execution across our best-in-class operating platform. Thanks, Bryan, and thanks everyone for joining us today. ![]() On the call with me today from Kite Realty Group are Chairman and Chief Executive Officer, John Kite President and Chief Operating Officer, Tom McGowan Executive Vice President and Chief Financial Officer, Heath Fear Senior Vice President and Chief Accounting Officer Dave Buell and Senior Vice President, Capital Markets and Investor Relations, Tyler Henshaw. ![]() Please refer to yesterday's earnings press release available on our website for reconciliation of these non-GAAP performance measures to our GAAP financial results. Today's remarks also include certain non-GAAP financial measures. For more information about the factors that can adversely affect the Company's results, please see our SEC filings, including our most recent Form 10-K. Actual results may differ materially from these statements. Some of today's comments contain forward-looking statements, that are based on assumptions of future events and are subject to inherent risks and uncertainties. Welcome to Kite Realty Group's third quarter earnings call. I would now like to turn the call over to the Senior Vice President of Corporate Marketing and Communications, Mr. Please be advised that today's conference is being recorded. Welcome to the Third Quarter 2023 Kite Realty Group Trust Earnings Conference Call. Kite Realty Group Trust ( NYSE: KRG) Q3 2023 Earnings Conference Call Octo1:00 PM ETīryan McCarthy - SVP, Corporate Marketing and Communications
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |