Kite Realty Group Trust Raises Low End Of Prior FY 2013 FFO Guidance To A Range In Line With Analysts' Estimates


Thursday, 1 Aug 2013 04:03pm EDT 

Kite Realty Group Trust announced that for fiscal 2013, it expects adjusted FFO to be within a range of $0.45 to $0.48 per diluted common share from its previous guidance of $0.44 to $0.48 per diluted common share. The expected third quarter gain on debt extinguishment is reflected as a reduction of FFO in the earnings guidance. The Company also revised its net income guidance to be a net loss within a range of $(0.09) to $(0.12) per diluted common share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report FFO per share of $0.46 for fiscal 2013. 

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