NYSE$KRG

Kite Realty Group Trust · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Kite Realty reported operating results for the first quarter ended March 31, 2020.

Kite Realty Group Trust reported a net loss attributable to common shareholders of $0.1 million, or $0.00 per common share. NAREIT Funds From Operations of the Operating Partnership (FFO) was $30.7 million, or $0.36 per diluted common share. Same-Property Net Operating Income (NOI) increased by 0.9%.

  • Realized net loss attributable to common shareholders of $0.1 million, or $0.00 per common share.
  • Generated NAREIT Funds From Operations of the Operating Partnership (FFO) of $30.7 million, or $0.36 per diluted common share.
  • Increased Same-Property Net Operating Income (NOI) by 0.9%.
  • Retail leased percentage was 94.5%.

Headline financials

Total Revenue

$69.9M

Previous: $83.5M-16.3%
EPS (adj)

$0.36

Previous: $0.44-18.2%
Capital Expenditures

-$13.2M

Previous: -$11.5M-14.1%
Free Cash Flow

-$13.3M

Previous: -$5.83M-127.2%
Net Income

-$74K

Previous: $5.72M-101.3%
Operating Income

$12.8M

Previous: $23M-44.2%
Gross Profit

$69.9M

Previous: $72.1M-3.0%
Cash & Equivalents

$344M

Previous: $28.4M+1112.7%
Total Assets

$2.94B

Previous: $3.2B-8.3%

Revenue & EPS history

Kite Realty · Revenue · Quarterly

$69.9M

Q1 2020-16.3%vs Q1 2019
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Forward guidance

Given the ongoing uncertainty surrounding the impacts COVID-19 will have on the economy and our tenants, the Company withdrew previously provided 2020 guidance on March 27, 2020. The Company’s guidance remains withdrawn.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.1%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.7%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+16.3%

Q1 2010

Best reaction

-12.8%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+1.7%+5.3%
Q4 2025+3.0%+3.7%+1.2%
Q3 2025-1.6%-0.8%+4.0%
Q1 2025+0.5%+2.8%+2.6%
Q4 2024-3.2%-5.6%-8.2%
Q3 2024-0.3%+3.0%+7.1%
Q2 2024+2.0%+0.7%+6.8%
Q1 2024-1.3%-2.9%-1.2%
Q4 2023-2.3%-0.9%-4.1%
Q3 2023+7.1%+11.5%+4.2%
Q2 2023+3.0%+3.3%-1.0%
Q1 2023-1.8%-0.3%-6.2%
Q4 2022+1.5%+2.7%-8.0%
Q3 2022+0.0%+5.3%+13.1%
Q2 2022+0.3%+0.9%-1.5%
Q1 2022+1.3%+0.2%-3.5%
Q4 2021+0.0%+0.6%+1.8%
Q3 2021-0.7%+2.7%+1.7%
Q2 2021-1.9%+1.4%+2.4%
Q1 2021-0.0%+1.7%+1.8%
Q4 2020+3.4%+3.8%+19.8%
Q3 2020-2.9%-3.0%+37.5%
Q2 2020+1.0%+7.8%+21.6%
Q1 2020-2.2%-1.8%+50.9%
Q4 2019-4.7%-3.0%-47.4%
Q3 2019-0.3%-0.7%+5.5%
Q2 2019-3.4%-0.1%-5.8%
Q1 2019-1.7%+0.2%-6.2%
Q4 2018-4.6%-5.1%-6.6%
Q3 2018-0.1%+0.1%+2.6%
Q2 2018-0.1%-0.8%+3.6%
Q1 2018+2.0%+2.8%+5.5%
Q4 2017-8.2%-10.7%-7.9%
Q3 2017-1.2%-2.4%+1.1%
Q2 2017+7.2%+2.9%+2.4%
Q1 2017-0.8%-3.3%-12.6%
Q4 2016+1.1%-0.4%-7.6%
Q3 2016-4.2%-5.0%-4.9%
Q2 2016+1.7%-1.2%-3.6%
Q1 2016-1.2%
Q4 2015-0.4%
Q3 2015-0.5%
Q2 2015+0.8%
Q1 2015-0.1%
Q4 2014-2.1%
Q3 2014+3.3%
Q2 2014-2.3%
Q1 2014+0.8%
Q4 2013+3.6%
Q3 2013-0.8%
Q2 2013-1.2%
Q1 2013+0.3%
Q4 2012+1.8%
Q3 2012-1.5%
Q2 2012+2.0%
Q1 2011+2.4%
Q1 2012+4.9%
Q4 2011-1.4%
Q3 2011+4.4%
Q2 2011-12.8%
Q4 2010-4.2%
Q3 2010-1.1%
Q2 2010-4.9%
Q1 2010+16.3%

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