Kite Realty Group Trust specializing in high-quality, open-air shopping centers and mixed-use assets. Concentrated in the Sun Belt and strategic gateway markets, the company focuses on grocery-anchored, necessity-based retail. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.
Zacks Investment Research
Kite Realty Group (KRG) Q3 FFO Meet EstimatesKite Realty Group reported quarterly FFO of $0.52 per share, matching consensus estimates but missing revenue expectations by 4.86%. The REIT has underperformed the S&P 500 year-to-date and carries a Zacks Rank #4 (Sell) rating due to unfavorable estimate revisions. Tanger, another retail REIT, is expected to report earnings on November 4 with projected EPS of $0.63, up 5% year-over-year.
Zacks Investment Research
American Assets Trust (AAT) Q3 FFO and Revenues Beat EstimatesAmerican Assets Trust (AAT) reported quarterly FFO of $0.56 per share, beating consensus estimates of $0.50 and surpassing year-ago results of $0.49. The REIT also exceeded revenue expectations with $114.28 million versus estimates of $109.88 million.
However, the stock received a Zacks Rank #3 (Hold) rating due to mixed estimate revision trends, suggesting near-term performance in line with the market. AAT has gained 13.1% year-to-date, outpacing the S&P 500's 12.1% gain.
Headlines open the publisher's site.
