Kite Realty Trust(US:KRG)2025-04-30 02:36Portfolio Highlights - The company's Signed-Not-Open (SNO) pipeline increased by $0.2 million quarter-over-quarter, reaching $27.5 million due to new leases signed in Q1 2025[20] - Anchor tenants account for 38% of the $27.5 million SNO pipeline, while shop tenants represent 62%[20] - 89% of the $27.5 million SNO pipeline is from the same property NOI pool, and 11% is from the non-same property NOI pool[20] - Same Property NOI increased by 3.1%, reaching $147.93 million in Q1 2025 compared to $143.524 million in Q1 2024[94] Financial Performance - The company's share of Net Debt to Adjusted EBITDA is 4.7x[97] - FFO attributable to common shareholders was $120.317 million in Q1 2025, compared to $111.018 million in Q1 2024[96] - Core FFO of the Operating Partnership was $118.064 million[96] Legacy West Acquisition - Legacy West includes 344,000 square feet of retail (48% of total NOI), 444,000 square feet of office (27% of total NOI), and 782 multifamily units (25% of total NOI)[43] - Legacy West has 260 basis points of embedded rent bumps compared to the portfolio average of 168 basis points[44]