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Kite Realty Narrows 2026 Same-Property NOI Growth Outlook

Third-quarter revenue fell 7.1% year over year, while funds from operations came in $0.01 above estimates.

By John Kim
Published
Low storefronts and parked cars line an open-air shopping center / TokenPost.ai
Low storefronts and parked cars line an open-air shopping center / TokenPost.ai

Kite Realty Group Trust (NYSE: KRG) narrowed its 2026 same-property net operating income (NOI) growth outlook to 3.4% to 3.9%, tightening the range after third-quarter revenue declined from a year earlier.

The new range compares with the company’s previous outlook of 3% to 4%. Its lower end is 0.4 percentage point higher, while its upper end is 0.1 point lower.

Third-quarter revenue totaled $190.27 million, down 7.1% year over year and $5.31 million below estimates. Funds from operations (FFO) were $0.53, beating estimates by $0.01. GAAP earnings per share were $0.07.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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