Quarterly ResultApr 29, 2026, 04:52 PM
KRG Q1 Revenue $200.7M, Net Income $11.4M; $152.4M Share Buyback
AI Summary
Kite Realty Group Trust reported Q1 2026 revenue of $200.7 million, a decrease from $221.1 million in Q1 2025. Net income attributable to common shareholders fell to $11.4 million ($0.06 per share) from $23.7 million ($0.11 per share) in the prior year. The company also repurchased $152.4 million in common shares through its Share Repurchase Program during the quarter. Operating cash flow decreased to $49.8 million from $74.1 million year-over-year.
Key Highlights
- Net income attributable to common shareholders decreased to $11.4M from $23.7M YoY.
- Net income per common share (basic & diluted) was $0.06, down from $0.11 YoY.
- Total revenue decreased to $200.7M from $221.1M YoY.
- Repurchased $152.4M in common shares through Share Repurchase Program.
- Net cash provided by operating activities was $49.8M, down from $74.1M YoY.
- Impairment charges of $5.9M recorded in Q1 2026.
- Distributions paid to common shareholders increased to $90.1M from $59.3M YoY.