KRG Earnings Prediction
The chart below shows how KRG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KRG sees a -2.39% change in stock price 10 days leading up to the earnings, and a +0.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.83%. This data can give you a slight idea of what to expect for the next quarter's release.
KRG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
214.72M
7.21%
3.60%
Gross Margin
29.28%
18.45%
5.32%
Operating Margin
22.97%
30.81%
7.34%
Net Margin
10.35%
153.68%
25.76%
EPS
0.10
150.00%
25.00%
No Data Available
KRG Earnings Analysis
Kite Realty Group Trust Corporation (KRG.N) Earnings Conference Call
Positive
Record Leasing Volume: In 2024, Kite Realty Group achieved a record leasing volume of 5,000,000 square feet, the highest in its history, demonstrating strong demand for its high-quality centers.
Leasing Activity Performance: The company reported a 31.9% blended spread on all comparable new leasing activity in 2024, alongside a 46.4% gross return on capital, indicating robust pricing power and investment returns.
NAREIT FFO Performance: For the full year, Kite Realty Group's NAREIT FFO per share was $2.07, exceeding previous guidance and reflecting strong operational performance.
Same Property NOI Growth: Same property NOI grew by 4.8% in the fourth quarter, driven by increases in minimum rent and net recoveries, with full-year growth averaging 4.3% over the past three years, significantly above initial guidance.
Liquidity and Debt Management: The company has approximately $1.2 billion in available liquidity, allowing for strategic capital deployment while maintaining a strong balance sheet with a net debt to EBITDA ratio of 4.7 times.
Negative
Declining Same Property NOI: Same property NOI growth for 2024 was only 3%, which is a decline from the previous year's historically low levels, indicating potential challenges in revenue generation.
NOI Growth Challenges: The guidance for 2025 includes a significant drag of 160 basis points on same property NOI growth due to recent tenant bankruptcies, highlighting ongoing operational difficulties.
Decline in Core FFO Guidance: Core FFO guidance for 2025 is projected to be lower than the previous year's performance, with a midpoint of $2.02 to $2.08 per share, reflecting a decline in expected profitability.
Impact of Tenant Bankruptcies: The company anticipates a $0.04 drag on NAREIT and core FFO due to the impact of bankruptcies, which underscores the financial strain from tenant disruptions.
Breakeven Spread Analysis: The spread between leased and occupied breakeven is elevated at 240 basis points, representing $27 million of NOI, indicating a significant gap that could hinder cash flow growth.
KRG FAQs
How does KRG typically perform around its earnings report dates?
Is Kite Realty Group Trust (KRG) Q4 2024 Earnings Call Summary positive or negative?
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KRG Earning Call Sentiment
Earnings call transcript: Kite Realty Q4 2024 meets EPS forecast, stock drops
KRG.N
1.26%Positive
The earnings call indicates strong financial performance with record leasing, high occupancy, and increased FFO guidance. There are positive developments in acquisitions and a dividend increase, suggesting confidence in future growth. The Q&A highlights proactive management addressing risks from tenant bankruptcies and strategic capital deployment. The market cap indicates moderate sensitivity, supporting a positive stock price reaction.
