| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 196.26 | 2.2% | 8.0% |
| Total Income | 196.26 | 2.2% | 8.0% |
| Expenditure | 150.10 | 5.2% | 10.0% |
| PBT | — | ||
| Net Profit | 161.30 | 1316.2% | 46.2% |
| OPM | — | ||
| NPM | 82.19% | 76.51pp | 30.49pp |
| EPS | 0.80 | 1233.3% | 60.0% |
Kite Realty Group Reports Q2 2026 Operating Results
30 Jul 2026 · 30 Jul, 4:21 pm
Summary
Kite Realty Group reported strong operating results for the second quarter ended June 30, 2026. Net income attributable to common shareholders was $161.3 million, or $0.79 per diluted share, a significant increase from $110.3 million, or $0.50 per diluted share, in the prior year period. Same Property Net Operating Income (NOI) grew by 3.7%, demonstrating the underlying strength of the core portfolio. The company also advanced its strategic portfolio transformation by completing $314.0 million in non-core dispositions and pricing $345 million of exchangeable senior notes. Management highlighted disciplined execution and capital activity, including $870 million in total capital activity during the quarter.
Key Highlights
- 1
For the second quarter ended June 30, 2026, net income attributable to common shareholders was $161.3 million, or $0.79 per diluted share.
- 2
Same Property Net Operating Income (NOI) increased by 3.7% for the second quarter of 2026.
- 3
The company advanced its portfolio transformation by completing $314.0 million of non-core dispositions in the second quarter.
- 4
Kite Realty Group priced $345 million of 3.25% exchangeable senior notes due 2032.
- 5
In 2025 and 2026, the company repurchased a total of 19.6 million common shares for $475.7 million.
- 6
Annualized base rent (ABR) per square foot for the operating retail portfolio was $23.41 at June 30, 2026, a 6.3% increase year-over-year.
- 7
The retail portfolio was 94.8% leased at June 30, 2026, a 150-basis point increase year-over-year.
Management Comments
John A. Kite
We moved with speed and discipline this quarter, executing more than $870 million of capital activity. We sold approximately $315 million of non-core assets, priced $345 million of exchangeable notes, acquired two neighborhood centers for $136 million, and repurchased $75.7 million of common shares — all while delivering 3.7% Same Property NOI growth and maintaining leverage near the low end of our long-term target.
Informational and educational content only. Not investment advice.