Kite Realty Grp Trust | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 213.4 M

LB filings
2025.07.31 20:33
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Revenue: As of FY2025 Q2, the actual value is USD 213.4 M, beating the estimate of USD 212.82 M.

EPS: As of FY2025 Q2, the actual value is USD 0.5.

EBIT: As of FY2025 Q2, the actual value is USD 244.74 M, beating the estimate of USD 52.35 M.

Segment Revenue

  • Rental Income: $211,182 for the three months ended June 30, 2025, compared to $205,836 for the same period in 2024. For the six months ended June 30, 2025, rental income was $430,354 compared to $411,649 in 2024.
  • Other Property-Related Revenue: $1,360 for the three months ended June 30, 2025, compared to $3,146 for the same period in 2024. For the six months ended June 30, 2025, other property-related revenue was $3,525 compared to $4,457 in 2024.
  • Fee Income: $853 for the three months ended June 30, 2025, compared to $3,452 for the same period in 2024. For the six months ended June 30, 2025, fee income was $1,278 compared to $3,767 in 2024.

Operational Metrics

  • Net Income: $112,599 for the three months ended June 30, 2025, compared to a loss of $49,303 for the same period in 2024. For the six months ended June 30, 2025, net income was $136,863 compared to a loss of $34,867 in 2024.
  • Depreciation and Amortization: $97,887 for the three months ended June 30, 2025, compared to $99,291 for the same period in 2024. For the six months ended June 30, 2025, depreciation and amortization were $196,118 compared to $199,670 in 2024.
  • Interest Expense: $34,052 for the three months ended June 30, 2025, compared to $30,981 for the same period in 2024. For the six months ended June 30, 2025, interest expense was $67,006 compared to $61,345 in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $206,894 for the six months ended June 30, 2025, compared to $195,686 for the same period in 2024.
  • Net Cash Provided by (Used in) Investing Activities: $178,030 for the six months ended June 30, 2025, compared to - $154,601 for the same period in 2024.
  • Net Cash (Used in) Provided by Financing Activities: - $330,641 for the six months ended June 30, 2025, compared to $76,480 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to maintain a strong balance sheet with sufficient flexibility to fund operating and investment activities in a cost-effective manner. It aims to stagger debt maturities to retain financial flexibility and has $1.1 billion available under the Revolving Facility for future borrowings.
  • Non-Core Business: The company has an existing share repurchase program under which it may repurchase up to $300.0 million of its common shares, extended to February 28, 2026.
Source: LB filings The copyright of this article belongs to the original author/organization.
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