![]() Excluding option renewals, the blended cash spreads for comparable new and non-option renewal leases was 18.7%. ![]() Same Property Net Operating Income (NOI) increased by 3.8% (including legacy RPAI properties).Įxecuted 206 new and renewal leases representing approximately 1.2 million square feet.Ĭash leasing spreads of 49.1% on 26 comparable new leases, 8.0% on 119 comparable renewals, and 13.2% on a blended basis. Generated FFO, as adjusted, of the Operating Partnership of $108.4 million, or $0.49 per diluted share, a 44% per share increase over the comparable period in 2021.Įxcludes a positive impact of $1.0 million of prior period collection impact related to the recovery of cash and non-cash bad debt and accounts receivable in 2022. Generated NAREIT Funds From Operations of the Operating Partnership (FFO) of $109.4 million, or $0.49 per diluted share. Net income attributable to common shareholders of $13.1 million, or $0.06 per diluted share, compared to net loss of $0.2 million, or $0.00 per diluted share, for the quarters ended Jand 2021, respectively. Based on this pattern of outperformance, we are increasing FFO, as adjusted guidance and our same-property NOI growth assumption.” The vast majority of these contractual rents are scheduled to come online in the back half of this year and the first half of 2023. In addition, our signed-not-open NOI increased by $4 million to a total of $41 million. “The team leased approximately 1.2 million square feet at over 13% blended cash leasing spreads while improving upon the merchandising mix and further bolstering the durability of our cash flows. “During the second quarter, KRG continued to build on its track record of operational outperformance,” said John A. 02, 2022 (GLOBE NEWSWIRE) - Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets, reported today its operating results for the second quarter ended June 30, 2022. Issued a $300 million unsecured 7-year term loan Upsized revolving credit facility to $1.1 billion from $850 million ![]() Leased approximately 1.2 million square feet at 13.2% comparable blended cash leasing spreadsĪcquired grocery-anchored Palms Plaza (Boca Raton, FL) for $35.8 million
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