Kite Realty Q1 net income falls to $11.4 million; 2026 FFO guidance held
Kite Realty Group reported first-quarter 2026 net income attributable to common shareholders of $11.4 million, or $0.06 per diluted share, down from $23.7 million, or $0.11, a year earlier. The company affirmed its 2026 NAREIT and Core FFO guidance of $2.06 to $2.12 per diluted share, while raising its Same Property NOI growth outlook to 2.50% to 3.50%, which matters to shareholders because it signals stronger expected property-level performance even as reported earnings fell.
Key points
- Q1 2026 net income attributable to common shareholders was $11.4 million ($0.06 per diluted share) versus $23.7 million ($0.11) in Q1 2025.
- Core FFO of the Operating Partnership was $109.1 million ($0.52 per diluted share) versus $118.2 million ($0.53) a year earlier; Same Property NOI rose 3.6%.
- 2026 Same Property NOI growth guidance raised to 2.50% to 3.50% from 2.25% to 3.25%; FFO guidance affirmed at $2.06 to $2.12 per diluted share.
- Board declared a second-quarter 2026 dividend of $0.29 per common share, up 7.4% year over year, payable on or about July 16, 2026.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.