Kite Realty Group Trust KRG.N reported quarterly adjusted earnings of 50 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of seven analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 3 cents to 12 cents per share.
Revenue rose 2.1% to $213.40 million from a year ago; analysts expected $212.54 million.
Kite Realty Group Trust's reported EPS for the quarter was 50 cents.
The company reported quarterly net income of $110.32 million.
Kite Realty Group Trust shares had risen by 1.9% this quarter and lost 8.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.3% 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 5 "strong buy" or "buy," 7 "hold" and no "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 $25.50, about 10% above its last closing price of $22.95
This summary was machine generated from LSEG data July 30 at 10:36 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)