Quarterly ResultApr 29, 2026, 04:51 PM
KRG Q1 Net Income $11.4M, -52% YoY; Revenue $200.7M, -9% YoY
AI Summary
Kite Realty Group Trust reported Q1 2026 net income attributable to common shareholders of $11.4 million, a 52% decrease year-over-year, with diluted EPS of $0.06. Total revenue declined by 9.2% to $200.7 million. The company incurred $5.9 million in impairment charges and repurchased $152.4 million in shares during the quarter. Net cash provided by operating activities also decreased by 32.8% to $49.8 million.
Key Highlights
- Net income attributable to common shareholders: $11.4M, down 52% YoY.
- Diluted EPS: $0.06, down from $0.11 YoY.
- Total revenue: $200.7M, down 9.2% YoY.
- Impairment charges: $5.9M in Q1 2026.
- Shares repurchased: $152.4M through Share Repurchase Program.
- Net cash from operating activities: $49.8M, down 32.8% YoY.
- Rental income: $198.0M, down 9.6% YoY.
- Mortgage and other indebtedness, net: $2.99B as of March 31, 2026.