Investing.com - Kite Realty reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kite Realty announced earnings per share of $-0.04 on revenue of $200.31M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $186.32M.
Kite Realty shares are down 32% from the beginning of the year and are trading at $19.66 , down-from-52-week-high.
Kite Realty follows other major Real Estate sector earnings this month
Kite Realty's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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