Kite Realty Group: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 05:42 PM ET
Last Updated - Dec 16, 2024, 05:49 PM EST
INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Kite Realty Group Trust (KRG) on Wednesday reported a key measure of profitability in its third quarter. The results met Wall Street expectations.
The real estate investment trust, based in Indianapolis, said it had funds from operations of $112 million, or 51 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 51 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.
