Kite Realty Group Trust (NYSE:KRG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Kite Realty Group Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 55.56% to $0.14 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 21.5% to $32.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kite Realty Group Trust reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $26.76 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…