Quarterly ResultApr 29, 2026, 06:57 AM
KRG Q1 Same Property NOI +3.6%; FFO $0.52; Dividend +7.4%
AI Summary
Kite Realty Group Trust reported Q1 2026 operating results, with Same Property Net Operating Income increasing by 3.6% and Core FFO at $0.52 per diluted share. The company announced a 7.4% year-over-year increase in its Q2 dividend to $0.29 per share and upsized its share repurchase program to $600 million, having repurchased $152.3 million in Q1. KRG also affirmed its 2026 FFO guidance and raised its Same Property NOI growth guidance range.
Key Highlights
- Q1 Same Property NOI increased by 3.6%.
- Q1 Core FFO was $109.1 million, or $0.52 per diluted share.
- Declared Q2 2026 dividend of $0.29 per common share, a 7.4% year-over-year increase.
- Upsized share repurchase program to $600.0 million; repurchased $152.3 million in Q1.
- Retail portfolio leased percentage rose 90 basis points year-over-year to 94.7%.
- Blended cash leasing spreads were 13.5% on 113 comparable leases.
- Affirmed 2026 NAREIT FFO guidance of $2.06 to $2.12 per diluted share.
- Raised 2026 Same Property NOI growth guidance to 2.50%-3.50%.