Kite Realty Trust(US:KRG) Globenewswire·2025-10-29 20:15Core Insights - Kite Realty Group reported a net loss of $16.2 million, or $0.07 per diluted share, for Q3 2025, compared to a net income of $16.7 million, or $0.08 per diluted share, in Q3 2024 [1] - For the nine months ended September 30, 2025, the company achieved a net income of $117.8 million, or $0.54 per diluted share, compared to a net loss of $17.8 million, or $0.08 per diluted share, in the same period of 2024 [1] Financial Performance - The company generated NAREIT FFO of $118.8 million, or $0.53 per diluted share, and Core FFO of $116.3 million, or $0.52 per diluted share for Q3 2025 [6] - Same Property Net Operating Income (NOI) increased by 2.1% year-over-year [6] - Total revenue for Q3 2025 was $205.1 million, a slight decrease from $207.3 million in Q3 2024 [19] Leasing and Portfolio Activity - Kite Realty executed 167 new and renewal leases representing approximately 1.2 million square feet with a blended cash leasing spread of 12.2% [6] - The retail portfolio leased percentage was 93.9% as of September 30, 2025, reflecting a 60-basis point increase sequentially [6] - The company repurchased 3.4 million shares of common stock for $74.9 million at an average price of $22.35 per share [6] Dividend and Guidance - The Board of Trustees declared a fourth quarter 2025 dividend of $0.29 per common share, representing a 7.4% year-over-year increase [7] - The company raised its 2025 NAREIT FFO guidance range to $2.09 to $2.11 per diluted share from a previous range of $2.06 to $2.10 [8] Capital Allocation and Debt Management - The company repaid the $80.0 million principal balance of senior unsecured notes that matured on September 10, 2025, with no remaining debt maturing until September 2026 [6] - As of September 30, 2025, the company's net debt to Adjusted EBITDA was 5.0x [6]