Kite Realty Group reported a significant increase in net income for the fourth quarter and year ended December 31, 2025. Net income attributable to common shareholders rose to $180.8 million and $298.7 million for the respective periods, compared to $21.8 million and $4.1 million in the prior year.

Key highlights for 2025 include leased 4.6 million square feet, formed joint ventures totaling $1.0 billion, and sold properties for $621.7 million. The company repurchased 13.0 million common shares for $300.0 million. The company provided its initial outlook for 2026.

CEO John A. Kite praised the team’s execution in 2025, highlighting significant operational momentum. He emphasized the leasing success, partnerships with institutional investors, disciplined dispositions, and share repurchases. Kite Realty Group enters 2026 with an enhanced portfolio and financial capacity.

For the fourth quarter of 2025, Kite Realty Group generated Core FFO of $112.9 million and NAREIT FFO of $113.1 million. Same Property NOI increased by 1.7% for the quarter. The company executed 164 new and renewal leases representing approximately 1.3 million square feet.

Kite Realty Group conducted capital allocation activities in the fourth quarter, selling a portfolio of properties for $429.0 million and repurchasing 7.7 million common shares. The company’s balance sheet overview showed net debt to Adjusted EBITDA at 4.9x as of December 31, 2025.

The company declared a special dividend of $0.145 per common share and a first quarter 2026 dividend of $0.29 per common share. The 2026 earnings guidance includes net income of $0.36 to $0.42 per diluted share, NAREIT FFO of $2.06 to $2.12 per diluted share, and Core FFO of $2.06 to $2.12 per diluted share.

Kite Realty Group will conduct an earnings conference call on February 17, 2026, to discuss its financial results. The company’s stock is listed on the NYSE under the ticker symbol KRG. For more information, visit kiterealty.com. Contact Tyler Henshaw, SVP of Capital Markets & Investor Relations, at [email protected] or 317.713.7780.

Read more at GlobeNewswire: Kite Realty Group Reports Fourth Quarter and Full Year 2025