Kite Realty Group Trust Sees FY24 EPS $0.29-$.35; NAREIT FFO $2.00-$2.06
2024 Earnings Guidance
The Company expects to generate net income attributable to common shareholders of $0.29 to $0.35 per diluted share in 2024 and NAREIT FFO of $2.00 to $2.06 per diluted share, based, in part, on the following assumptions:
- 2024 Same Property NOI range of 1.0% to 2.0%.
- Full-year bad debt assumption of 0.75% to 1.25% of total revenues.
The following table reconciles the Company's 2024 net income guidance range to the Company's 2024 NAREIT FFO guidance range:
Low | High | |||
Net income | $ | 0.29 | $ | 0.35 |
Depreciation and amortization | 1.71 | 1.71 | ||
NAREIT FFO | $ | 2.00 | $ | 2.06 |