Kite Realty Group: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 05:00 PM ET
Last Updated - Feb 13, 2024, 05:00 PM EST
INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Kite Realty Group Trust (KRG) on Tuesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
The Indianapolis-based real estate investment trust said it had funds from operations of $109.4 million, or 50 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 49 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
