Kite Realty Group (KRG) stock surged 56.12% in the pre-market trading session on Wednesday, driven by the company's better-than-expected fourth-quarter results and positive outlook for 2025.
According to the earnings report released on Tuesday, Kite Realty Group posted core funds from operations (FFO) of $0.52 per diluted share for the fourth quarter, exceeding analysts' expectations of $0.52. The company's revenue for the quarter also came in higher than expected, reaching $214.7 million compared to analysts' estimates of $208.6 million.
Additionally, Kite Realty Group provided an encouraging forecast for the full year 2025, projecting core FFO between $1.98 and $2.04 per diluted share. While this range fell slightly short of analysts' expectations of $2.07, the overall strong financial performance and revenue growth appear to have fueled investor confidence and driven the significant pre-market surge.
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