Kite Realty Group Trust (KRG) Q3 2026 earnings summary

Executive summary

• Q3 same-property NOI grew 3.6%; Core FFO was $0.52/share and NAREIT FFO was $0.53/share.

• Strong leasing lifted retail occupancy to 95.3% and signed-not-open NOI to $38.8M; 2026 FFO and same-property NOI guidance increased.

Financial highlights

• Q3 revenue fell 7.2% YoY to $190.3M; net loss attributable to common shareholders was $13.3M, or $0.07/share, versus $16.2M a year earlier.

• Q3 same-property NOI was $132.0M, up 3.6%; 9M same-property NOI was $395.5M, up 3.7%.

• Q3 NAREIT FFO was $0.53/share and Core FFO was $0.52/share; 9M Core FFO was $1.56/share versus $1.55 in 2025.

• 9M net income attributable to common shareholders rose to $159.4M from $117.8M, including a $60.6M JV deconsolidation gain and $90.1M in property-sale gains.

Outlook and guidance

• 2026 NAREIT FFO and Core FFO guidance increased to $2.08–$2.12/share, with the midpoint rising to $2.10 from $2.09; same-property NOI growth guidance is 3.4%–3.9%.

• Guidance assumes a 0.90% bad-debt reserve as a share of total revenue and $116.4M of net interest expense at midpoint.

• Nearly $39M of signed-not-open NOI is a 2027 growth tailwind; anticipated headwinds include a $0.03 non-cash drag and lower interest income as 1031-related balances roll off.

• Planned sales include ~$100M of proceeds in the balance of 2026 and ~$70M expected to close in Q1 2027.