NYSE$KRG
Kite Realty Group Trust · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported operating results for the fourth quarter and year ended December 31, 2020.
Kite Realty Group Trust reported a net loss attributable to common shareholders of $6.8 million, or $0.08 per common share, for the fourth quarter of 2020. NAREIT Funds From Operations of the Operating Partnership (FFO) was $25.5 million, or $0.29 per diluted common share, and FFO as adjusted was $28.7 million, or $0.33 per diluted common share. Same-Property Net Operating Income (NOI) decreased by 10.5% due to COVID-19.
- Approximately 95% of total fourth quarter base rent and recoveries have been collected, with less than 1% deferred.
- KRG's bad debt reserve this quarter was approximately $3.4 million, primarily comprised of $2.6 million for rental income due during the fourth quarter, which represents approximately 4% of all fourth quarter billings.
- Executed 60 new and renewal leases representing over 533,500 square feet with blended leasing spreads of 8.4% on a GAAP basis and -0.7% on a cash basis.
- Annualized base rent (ABR) for the operating retail portfolio was $18.42, a 3.3% increase year-over-year and an all-time company high.
Headline financials
Revenue & EPS history
Kite Realty · Revenue · Quarterly
$68.4M
Forward guidance
KRG is providing 2021 guidance for FFO, as adjusted, of $1.24 to $1.34 per share.
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 Q4 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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro