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News

Kite Realty Group Trust Sees FY24 EPS $0.29-$.35; NAREIT FFO $2.00-$2.06

Author: Benzinga Newsdesk | February 13, 2024 05:25pm

2024 Earnings Guidance

The Company expects to generate net income attributable to common shareholders of $0.29 to $0.35 per diluted share in 2024 and NAREIT FFO of $2.00 to $2.06 per diluted share, based, in part, on the following assumptions:

  • 2024 Same Property NOI range of 1.0% to 2.0%.
  • Full-year bad debt assumption of 0.75% to 1.25% of total revenues.

The following table reconciles the Company's 2024 net income guidance range to the Company's 2024 NAREIT FFO guidance range:

LowHigh  
Net income$0.29$0.35
Depreciation and amortization   1.71   1.71  
NAREIT FFO$2.00$2.06


 

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