- Comparable RevPAR growth in Q2 2025 was 0.1%, driven by a 1.1% increase in rate and an 80 basis point decline in occupancy.
- Corporate adjusted EBITDA was $90.5 million and adjusted FFO per share was $0.35.
- Food and beverage revenues increased 3.1%, with F&B profit growing over 6% and margins expanding by 105 basis points due to operational improvements.
- Free cash flow per share for the trailing 12 months increased approximately 4.5% to $0.63 per share.
- Group room revenue increased 0.8%, business transient revenue rose 4.2%, while leisure transient revenue declined 1.6%.
- Hotel EBITDA margins contracted 97 basis points overall but would have expanded 30 basis points excluding the Chicago tax increase.
- Operating expenses increased 0.7% excluding a large property tax increase in Chicago; wages and benefits rose 3.1%.
- Total RevPAR growth was 1.1%, boosted by a 4.2% increase in out-of-room revenues per occupied room, reaching a new quarterly high of $160 per occupied room.
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- Cash NOI from the managed senior housing portfolio increased to $25.3 million from $24.1 million in the prior quarter.
- Cash rental income from the triple-net portfolio increased by $2.3 million sequentially.
- Liquidity remains strong with approximately $1.2 billion available including cash, revolver, and ATM program.
- Net debt to adjusted EBITDA ratio decreased to 5x as of June 30, 2025, down from 5.19x in Q1 and 5.45x in Q2 2024.
- Normalized AFFO per share for Q2 2025 was $0.38, up from $0.37 in Q1.
- Normalized FFO per share for Q2 2025 was $0.37, up from $0.35 in Q1, representing a 6% improvement year-over-year.
- Normalized FFO totaled $89.2 million and normalized AFFO totaled $91.6 million in Q2 2025.
- Weighted average interest rate on debt decreased from 4.14% to 4.04% following refinancing.
- Blended cash leasing spreads in Q2 were 17%, the highest in 5 years, with non-option renewal spreads near 20% for the quarter and 16% over 12 months.
- Blended cash leasing spreads reached 17%, the highest in 5 years, with non-option renewals at nearly 20% for the quarter and 16% over the last 12 months.
- Kite Realty Group delivered strong Q2 2025 results with NAREIT FFO per share of $0.51 and core FFO per share of $0.50.
- Net debt-to-EBITDA stands at 5.1x, among the lowest in the peer set, after significant transactional activity and opportunistic bond issuance.
- Net debt-to-EBITDA stands at 5.1x, among the lowest in the peer set, following asset sales, joint ventures, and opportunistic bond issuance.
- New leasing volume more than doubled sequentially, driven by 11 new anchor leases including grocery tenants Whole Foods and Trader Joe's.
- Same-property NOI grew 3.3%, driven by higher minimum rents (+250 bps), improved net recoveries (+50 bps), and overage rent (+30 bps).
- Small shop lease rates increased 30 basis points sequentially and 80 basis points year-over-year, with embedded escalators at 3.4% for H1 2025.
- Small shop lease rates increased 30 basis points sequentially and 80 basis points year-over-year, with embedded escalators of 3.4% for the first half of 2025.
- The company sold 3 noncore assets and completed 2 joint ventures involving 4 assets totaling over $1 billion in gross transactional activity.
- Adjusted EPS was $4.66, up 5.7% from the prior year, supported by share repurchases and higher net income.
- EBITDA for fiscal 2025 was $976 million, a 1.4% improvement over the prior year but within the outlook range.
- Free cash flow generation was approximately $600 million, supporting strong liquidity and capital allocation.
- H&R Block reported fiscal 2025 total revenue of $3.8 billion, a 4.2% increase year-over-year.
- Net income from continuing operations was $609 million, with earnings per share (EPS) of $4.42, a 6.8% increase year-over-year.
- Total operating expenses increased 4.6% to $2.9 billion, driven by higher tax professional wages, benefits, healthcare costs, legal fees, and severance charges.
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