Kite Realty Group Trust reports results for the quarter ended in December - Earnings Summary

Kite Realty Trust

14/02/2024 20:25

* Kite Realty Group Trust  KRG.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -1 cents.  The mean expectation of
five analysts for the quarter was for earnings of one cent per
share. Wall Street expected results to range from 1 cents to 2
cents per share.
    * Revenue fell 2.2% to $200.28 million from a year ago;
analysts
expected $206.00 million. 
    * Kite Realty Group Trust's reported EPS for the quarter was
4
cents​.
    * The company reported quarterly net income of $7.98
million.
    * Kite Realty Group Trust shares had fallen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Kite Realty Group
Trust is $25.00 
This summary was machine generated from LSEG data February 14 at
08:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.49           0.50           Beat
 Sep. 30 2023      0.48           0.51           Beat
 Jun. 30 2023      0.48           0.51           Beat
 Mar. 31 2023      0.47           0.51           Beat