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

Kite Realty Trust

31/07/2024 24:03

* Kite Realty Group Trust  KRG.N  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of five analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from 5 cents to 7 cents per
share.
    * Revenue rose 0.1% to $208.98 million from a year ago;
analysts
expected $207.53 million. 
    * Kite Realty Group Trust's reported EPS for the quarter was
a
loss of 22 cents​.
    * The company reported a quarterly loss of $48.64 million.
    * Kite Realty Group Trust shares had risen by 8.0% this
quarter and gained 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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," 4
"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 July 30 at
11:03 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
 Jun. 30 2024      0.50           0.53           Beat
 Mar. 31 2024      0.50           0.50           Met
 Dec. 31 2023      0.49           0.50           Beat
 Sep. 30 2023      0.48           0.51           Beat