Q4 25 EPS
$0.84
BEAT +740.00%
Est. $0.10
Q4 25 Revenue
$204.9M
BEAT +0.22%
Est. $204.5M
vs S&P Since Q4 25
+3.4%
BEATING MARKET
KRG +11.9% vs S&P +8.5%
Full Year 2025 Results
FY 25 EPS
$1.37
BEAT +123.93%
Est. $0.61
FY 25 Revenue
$844.4M
BEAT +0.25%
Est. $842.2M
Market Reaction
Did KRG Beat Earnings? Q4 2025 Results
Kite Realty Group Trust delivered a decisive earnings beat in Q4 2025, with GAAP EPS of $0.84 clearing the $0.09 consensus estimate by 852.38% as a sweeping portfolio transformation drove results far beyond what analysts had modeled. Revenue came in … Read more Kite Realty Group Trust delivered a decisive earnings beat in Q4 2025, with GAAP EPS of $0.84 clearing the $0.09 consensus estimate by 852.38% as a sweeping portfolio transformation drove results far beyond what analysts had modeled. Revenue came in at $204.94 million, edging past the $202.01 million consensus by 1.45%, though it slipped 4.5% year over year, reflecting the deliberate shedding of assets rather than operational deterioration. The single biggest driver was $183.11 million in gains on property sales, anchored by the $429.00 million disposal of eight large-format power and community centers in Q4 alone, part of a full-year strategy that generated $621.70 million in gross disposition proceeds while reducing power center exposure by roughly 400 basis points. Institutional investors appear to be taking notice, with several large asset managers meaningfully increasing their KRG stakes in recent months. Looking ahead, management guided 2026 Core FFO to $2.06 to $2.12 per diluted share, with same-property NOI growth of 2.25% to 3.25%, underpinned by a $37.00 million signed-not-open NOI pipeline.
Key Takeaways
- • Executed 683 new and renewal leases representing 4.6 million sq ft at 13.8% blended comparable cash leasing spreads in 2025
- • Q4 blended cash leasing spreads of 12.8%, with new leases at 21.8%
- • Same Property NOI increased 2.9% for full year 2025 and 1.7% in Q4
- • Operating retail portfolio ABR per square foot increased 7.0% year-over-year to $22.63
- • Retail portfolio leased percentage of 95.1%, a 120-basis point sequential increase
- • Signed-not-open NOI pipeline of $37.0 million (340 basis point leased-to-occupied spread)
KRG YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“The KRG team executed with focus and precision in a year defined by significant operational momentum and a series of critical steps taken to transform our portfolio. We leased nearly five million square feet at compelling spreads and partnered with a premier institutional investor. We sharpened the portfolio through disciplined dispositions and took advantage of the opportunity to repurchase our shares at attractive prices – all while maintaining a strong, flexible balance sheet. The advancements we have made over the past year give us confidence as we enter 2026 with an enhanced portfolio, significant financial capacity, and a clear path forward.”
— John A. Kite, Q4 2025 Earnings Press Release
KRG Earnings Trends
KRG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KRG EPS Trend
Earnings per share: estimate vs actual
KRG Revenue Trend
Quarterly revenue: estimate vs actual
KRG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.11 | $0.52 | +395.24% | $200.7M | +1.19% |
| Q4 25 BEAT FY | $0.10 | $0.84 | +740.00% | $204.9M | +0.22% |
| FY Full Year | $0.61 | $1.37 | +123.93% | $844.4M | +0.25% |
| Q3 25 MISS | $0.07 | $-0.07 | -204.95% | $205.1M | -1.88% |
| Q2 25 BEAT | $0.09 | $0.50 | +435.91% | $213.4M | +0.27% |
| Q1 25 BEAT | $0.10 | $0.11 | +15.79% | $221.8M | +5.07% |