Thomas Mcgowan on leasing spreads
From Kite Realty Group Trust KRG Q3 2025 Earnings Call · · Fyfull
“Of the seven boxes that we executed this quarter, our spreads were 37% and return on cost 23%.”
On , Thomas Mcgowan, President & Chief Operating Officer at KITE REALTY GROUP TRUST, spoke about leasing spreads during Kite Realty Group Trust KRG Q3 2025 Earnings Call on Fyfull.
About Thomas Mcgowan
On Kite Realty Group's third quarter 2025 earnings call, McGowan reported that 83% of the company's original list of 29 bankrupt tenants had been leased, assumed, or were in lease negotiations. He noted that five remaining properties were "the more challenging of the original lists" but expressed confidence they would be resolved. McGowan stated that of seven boxes executed that quarter, spreads were 37% and return on cost was 23%, and said the company was "setting a high bar and being very, very careful" with the remainder of the portfolio. In September 2021, McGowan, as co-chairman of the Downtown Recovery Committee in Indianapolis, said the committee was formed with Downtown Indy and the city to address safety, homelessness, and cleanliness. He stated the committee had received over a million dollars from the city and state, and that a funding committee including John Looklighter, Brad Chambers, and himself was working to ensure sustainability of initiatives such as police foot patrols, bike patrols, and homelessness outreach.