KRG repurchases $228M in shares, issues $345M exchangeable notes, as tariffs pressure rents

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~1 min read

Key Changes

• high

  Repurchased 8.8M shares for $228M (avg $25.91) after doubling buyback authorization to $600M; shares outstanding fell 8.9% YoY to 200.3M, accretive to per-share metrics.

  Notes: Share Repurchase Program verify on EDGAR →
• high

  Issued $345M of 3.25% exchangeable notes due 2032 (exchangeable at $36.20/share) to refinance $300M of 4.00% notes due Oct 2026, lowering interest cost and extending maturity.

  Notes: 2026 Exchangeable Notes verify on EDGAR →
• high

  Tariff language now states rent pressure "has and could in the future" affect operations (past + future tense vs. prior "could"), signaling tariffs have begun impacting tenant health and pricing power.

  MD&A: Tariff impact verify on EDGAR →