GlobeNewswire – Page 21

Man Group PLC : Form 8.3 – Rotork plc

Posted on October 30, 2026 by Ravi Shankar

#FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	Man Group PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Rotork Plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	29/10/2026
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	0.5p ordinary
	Interests		Short positions
	Number	%		Number	%
(1) Relevant securities owned and/or controlled:
(2) Cash-settled derivatives:	16,021,985	1.96		11,213	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	16,021,985	1.96		11,213	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
0.5p ordinary	Equity Swap	Increasing a long position	24,848	4.9282 GBP
0.5p ordinary	Equity Swap	Increasing a long position	41,429	4.9282 GBP
0.5p ordinary	Equity Swap	Increasing a long position	26,722	4.9282 GBP
0.5p ordinary	Equity Swap	Increasing a long position	6,268	4.9282 GBP
0.5p ordinary	Equity Swap	Increasing a long position	358,934	4.9282 GBP
0.5p ordinary	Equity Swap	Increasing a long position	7,363	4.9282 GBP
0.5p ordinary	Equity Swap	Increasing a long position	87,883	4.9282 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type
e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing
e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	30/10/2026
Contact name:	Molly Childs
Telephone number:	+44 20 7144 3714

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Posted in UncategorizedTagged GlobeNewswire

Man Group PLC : Form 8.3 – Sthree plc

Posted on October 30, 2026 by Ravi Shankar

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	Man Group PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Sthree plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	29/10/2026
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	6,859,795	5.64
(2) Cash-settled derivatives:	3,585,732	2.95	15,497	0.01
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	10,445,527	8.60	15,497	0.01

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
1p ordinary	Purchase	39,720	3.0220 GBP

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
1p ordinary	Equity swap	Reducing a long position	4,854	3.0367 GBP
1p ordinary	Equity swap	Reducing a long position	12,911	3.0367 GBP
1p ordinary	Equity swap	Reducing a long position	225	3.0367 GBP
1p ordinary	Equity swap	Reducing a long position	31,809	3.0367 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type
e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing
e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

None

(b) Agreements, arrangements or understandings relating to options or derivatives

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	30/10/2026
Contact name:	Molly Childs
Telephone number:	+44 20 7144 3714

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Posted in UncategorizedTagged GlobeNewswire

Man Group PLC : Form 8.3 – Vesuvius Plc

Posted on October 30, 2026 by Ravi Shankar

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Full name of discloser:	Man Group PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Vesuvius plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	29/10/2026
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	*YES* Offeror: RHI Magnestia N.V.

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	10p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	13,143,478	5.29
(2) Cash-settled derivatives:	395,857	0.15	499,224	0.20
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	13,539,335	5.45	499,224	0.20

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	Equity Swap	Reducing a long position	8,148	4.7485 GBP
10p ordinary	Equity Swap	Reducing a long position	23,154	4.7485 GBP
10p ordinary	Equity Swap	Reducing a long position	124	4.7485 GBP
10p ordinary	Equity Swap	Reducing a long position	53,929	4.7485 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type
e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing
e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

None

(b) Agreements, arrangements or understandings relating to options or derivatives

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	30/10/2026
Contact name:	Molly Childs
Telephone number:	+44 20 7144 3714

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Posted in UncategorizedTagged GlobeNewswire

Kite Realty Group Reports Third Quarter 2026 Operating Results

Posted on October 30, 2026 by Ravi Shankar

INDIANAPOLIS, Oct. 30, 2026 (GLOBE NEWSWIRE) — Kite Realty Group (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored shopping centers and vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2026. For the quarters ended September 30, 2026 and 2025, net loss attributable to common shareholders was $13.3 million, or $0.07 per diluted share, compared to $16.2 million, or $0.07 per diluted share, respectively. For the nine months ended September 30, 2026 and 2025, net income attributable to common shareholders was $159.4 million, or $0.78 per diluted share, compared to $117.8 million, or $0.54 per diluted share, respectively.

   Company raises 2026 FFO and Same Property NOI guidance ranges
   Executed over 1.2 million square feet of leasing volume
   Increased signed-not-open NOI pipeline to approximately $38.8 million
Received a credit rating upgrade to BBB+ from Fitch Ratings

“Third quarter results reflect exceptional tenant demand, the quality of our portfolio, and disciplined capital allocation,” said John A. Kite, Chairman and Chief Executive Officer. “We delivered 3.6% Same Property NOI growth and executed over 1.2 million square feet of leasing, including comparable blended lease spreads of 14.6%. This strong leasing volume increased our signed-not-open NOI pipeline to nearly $39 million and boosted our leased-to-occupied spread to an all-time high of 360 basis points. We continued to advance our capital allocation initiatives during the quarter while earning a BBB+ credit rating upgrade from Fitch, further validating the strength of our portfolio and balance sheet.”

Third Quarter 2026 Financial and Operational Results

Generated Core FFO of the Operating Partnership of $107.0 million, or $0.52 per diluted share.
Generated NAREIT FFO of the Operating Partnership of $107.9 million, or $0.53 per diluted share.
Same Property NOI increased by 3.6%.
Executed 160 new and renewal leases representing approximately 1.2 million square feet.
- Blended cash leasing spreads of 14.6% on 129 comparable leases, including 33.7% on 30 comparable new leases, 18.3% on 43 comparable non-option renewals, and 7.6% on 56 comparable option renewals.
- Blended cash leasing spreads of 26.2% for comparable new and non-option renewal leases.
Operating retail portfolio annualized base rent (ABR) per square foot of $23.52 at September 30, 2026, a 6.4% increase year-over-year.
Retail portfolio leased percentage of 95.3% at September 30, 2026, a 140-basis point increase year-over-year.
- Anchor leased percentage of 96.9% at September 30, 2026, a 190-basis point increase year-over-year.
- Small shop leased percentage of 92.7% at September 30, 2026, a 90-basis point increase year-over-year.
Portfolio leased-to-occupied spread at period end of 360 basis points, which represents approximately $38.8 million of signed-not-open NOI.

Third Quarter 2026 Capital Allocation Activity

As previously announced, sold one non-core asset – Tysons Corner in Vienna, VA – for $25.9 million.
- Subsequent to quarter end, sold one non-core asset – Carillon medical office building in Largo, MD – for a gross sales price of $33.2 million.
Acquired the fee interest in the land at Pelham Manor Shopping Plaza, an existing retail property in the New York metropolitan statistical area, for a gross purchase price of $52.0 million.
Repurchased approximately 2.4 million common shares, at an average price of $26.61 per share, for $63.4 million.
- In 2025 and to date in 2026, repurchased a total of approximately 22.0 million common shares, at an average price of approximately $24.46 per share, for $539.1 million.

Third Quarter 2026 Balance Sheet Overview

As of September 30, 2026, the Company’s net debt to Adjusted EBITDA was 5.2x.
As previously announced, on July 2, 2026, the Company’s operating partnership issued $345 million of 3.25% exchangeable senior notes due 2032, which included the full exercise of the initial purchasers’ $45 million overallotment option.
- In connection with the issuance of the exchangeable notes, the Company entered into capped call transactions with an initial cap of $41.91 per share, compared with the exchangeable notes’ initial exchange price of approximately $35.40 per share. The Company used the majority of the proceeds, together with cash from its recent asset dispositions, to redeem the operating partnership’s $300 million principal balance of the 4.00% senior unsecured notes that were scheduled to mature on October 1, 2026.
Repaid the $100 million principal balance of the 4.08% senior unsecured notes that matured on September 30, 2026.
Fitch Ratings upgraded the Company’s corporate credit rating to BBB+ from BBB with a stable rating outlook.

Dividend

On October 29, 2026, the Company’s Board of Trustees declared a fourth quarter 2026 dividend of $0.29 per common share. Total dividends declared for 2026 of $1.16 per common share represents a 5.5% increase year-over-year. The fourth quarter dividend will be paid on or about January 15, 2027, to shareholders of record as of January 9, 2027.

2026 Earnings Guidance
The Company expects to generate net income of $0.88 to $0.92 per diluted share in 2026. The Company is raising its 2026 Core FFO and NAREIT FFO guidance ranges to $2.08 to $2.12 per diluted share from $2.06 to $2.12 per diluted share, based, in part, on the following full year 2026 assumptions:

2026 Same Property NOI growth range of 3.40% to 3.90% (previously 3.00% to 4.00%).
Bad debt reserve of 0.90% of total revenues at the midpoint.
Interest expense, net of interest income, excluding unconsolidated joint ventures, of $116.4 million at the midpoint (previously $114.7 million).

The following table reconciles the Company’s 2026 net income guidance range to the Company’s 2026 NAREIT and Core FFO guidance ranges:

	Low		High
Net income	$0.88		$0.92
Gain on sales of operating properties, net		(0.44)		(0.44)
Gain on deconsolidation of joint venture		(0.29)		(0.29)
Impairment charges		0.18		0.18
Depreciation and amortization		1.75		1.75
NAREIT FFO	$2.08		$2.12
Non-cash items		0.00		0.00
Core FFO	$2.08		$2.12

Earnings Conference Call

Kite Realty Group will conduct a conference call to discuss its financial results on Friday, October 30, 2026, at 11:00 a.m. Eastern Time. A live webcast of the conference call will be available on KRG’s website at kiterealty.com or at the following link: KRG Third Quarter 2026 Webcast. The dial-in registration link is: KRG Third Quarter 2026 Teleconference Registration. In addition, a webcast replay link will be available on KRG’s website.

About Kite Realty Group

Kite Realty Group (NYSE: KRG) is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. The Company’s portfolio is concentrated in high-growth Sun Belt and select strategic gateway markets. Publicly listed since 2004, KRG brings more than six decades of experience in developing, operating, and investing in real estate, using a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders. As of September 30, 2026, the Company owned interests in 164 U.S. open-air shopping centers and mixed-use assets, comprising approximately 26.3 million square feet of gross leasable space. For more information, please visit kiterealty.com.

Connect with KRG: LinkedIn | X | Instagram | Facebook

Safe Harbor

This release, together with other statements and information publicly disseminated by us, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements.

Risks, uncertainties and other factors that might cause such differences, some of which could be material, include but are not limited to: economic, business, banking, real estate and other market conditions, particularly in connection with low or negative growth in the U.S. economy as well as economic uncertainty (including from an economic slowdown or recession, federal government shutdown, disruptions related to tariffs and other trade or sanction issues, geopolitical instability, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending); financing risks, including the availability of, and costs associated with, sources of liquidity; the Company’s ability to refinance, or extend the maturity dates of, the Company’s indebtedness; the level and volatility of interest rates; the financial stability of the Company’s tenants; the competitive environment in which the Company operates, including potential oversupplies of, or a reduction in demand for, rental space; acquisition, disposition, development and joint venture risks, including the ability to complete them on the terms and timing anticipated; property ownership and management risks, including the relative illiquidity of real estate investments, and expenses, vacancies or the inability to rent space on favorable terms or at all; the Company’s ability to maintain the Company’s status as a real estate investment trust for U.S. federal income tax purposes; potential environmental and other liabilities; impairment in the value of real estate property the Company owns; the attractiveness of our properties to tenants; the actual and perceived impact of e-commerce on the value of shopping center assets and changing demographics and customer traffic patterns; business continuity disruptions and a deterioration in our tenants’ ability to operate in affected areas or delays in the supply of products or services to us or our tenants from vendors that are needed to operate efficiently; risks related to our current geographical concentration of properties in the states of Texas, Florida, and North Carolina and the metropolitan statistical areas of New York, Atlanta, Seattle, Chicago, and Washington, D.C.; civil unrest, acts of violence, terrorism or war, acts of God, climate change, epidemics, pandemics, natural disasters and severe weather conditions, including such events that may result in underinsured or uninsured losses or other increased costs and expenses; changes in laws and government regulations, including governmental orders affecting the use of the Company’s properties or the ability of its tenants to operate, and the costs of complying with such changed laws and government regulations; possible changes in consumer behavior due to public health crises and the fear of future pandemics; our ability to satisfy environmental, social or governance standards set by various constituencies; insurance costs and coverage, especially in Florida and Texas coastal areas and North Carolina; risks associated with cyberattacks and the loss of confidential information and other business disruptions; risks associated with the use of artificial intelligence and related tools; other factors affecting the real estate industry generally; and other risks identified in reports the Company files with the Securities and Exchange Commission or in other documents that it publicly disseminates, including, in particular, the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company’s quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

This Earnings Release also includes certain forward-looking non-GAAP information. These non-GAAP financial measures should be considered along with, but not as alternatives to, net income (loss) as a measure of our operating performance. Please see the following pages for the corresponding definitions and reconciliations of such non-GAAP financial measures.

Kite Realty Group Consolidated Balance Sheets (dollars in thousands) (unaudited)
	September 30, 2026			December 31, 2025
Assets:
Investment properties, at cost	$	6,869,869		$	7,003,479
Less: accumulated depreciation		(1,759,251	)		(1,656,191	)
Net investment properties		5,110,618			5,347,288

Cash and cash equivalents		32,542			36,761
Tenant and other receivables, including accrued straight-line rent of $74,817 and $70,940, respectively		131,237			127,865
Restricted cash and escrow deposits		124,527			441,605
Deferred costs, net		163,121			181,553
Prepaid and other assets		64,970			93,913
Investments in unconsolidated joint ventures		401,162			364,407
Assets associated with investment properties held for sale		—			71,105
Total assets	$	6,028,177		$	6,664,497

Liabilities and Equity:
Liabilities:
Mortgage and other indebtedness, net	$	2,807,320		$	3,025,478
Accounts payable and accrued expenses		178,079			221,118
Deferred revenue and other liabilities		170,079			221,813
Liabilities associated with investment properties held for sale		—			4,314
Total liabilities		3,155,478			3,472,723

Commitments and contingencies
Limited Partners’ interests in the Operating Partnership		129,456			116,245

Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 197,966,711 and 208,979,900 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively		1,979			2,090
Additional paid-in capital		4,300,836			4,612,280
Accumulated other comprehensive income		18,576			23,079
Accumulated deficit		(1,578,846	)		(1,563,840	)
Total shareholders’ equity		2,742,545			3,073,609
Noncontrolling interests		698			1,920
Total equity		2,743,243			3,075,529
Total liabilities and equity	$	6,028,177		$	6,664,497

Kite Realty Group Consolidated Statements of Operations (dollars in thousands, except per share amounts) (unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
		2026			2025			2026			2025
Revenue:
Rental income	$	186,511		$	202,193		$	577,867		$	632,547
Other property-related revenue		1,248			1,477			4,173			4,312
Fee income		2,516			1,291			5,190			2,569
Total revenue		190,275			204,961			587,230			639,428

Expenses:
Property operating		27,653			28,536			87,264			87,243
Real estate taxes		23,666			25,678			72,968			80,090
General, administrative and other		15,041			14,183			43,534			39,831
Depreciation and amortization		79,655			89,370			243,750			285,488
Impairment charges		30,694			39,305			37,562			39,305
Total expenses		176,709			197,072			485,078			531,957

Other (expense) income:
Interest expense		(31,569	)		(33,162	)		(95,008	)		(100,168	)
Income tax expense of taxable REIT subsidiaries		(251	)		(106	)		(1,072	)		(315	)
Gain on sales of operating properties, net		2,341			5,742			90,068			108,855
Net gains from outlot sales		2,259			6,096			4,662			6,096
Gain on deconsolidation of joint venture		—			—			60,625			—
Equity in loss of unconsolidated joint ventures		(3,775	)		(4,619	)		(7,335	)		(8,464	)
Other income, net		3,805			1,750			9,546			6,978
Net (loss) income		(13,624	)		(16,410	)		163,638			120,453
Net loss (income) attributable to noncontrolling interests		322			203			(4,242	)		(2,612	)
Net (loss) income attributable to common shareholders	$	(13,302	)	$	(16,207	)	$	159,396		$	117,841

Net (loss) income per common share – basic	$	(0.07	)	$	(0.07	)	$	0.79		$	0.54
Net (loss) income per common share – diluted	$	(0.07	)	$	(0.07	)	$	0.78		$	0.54

Weighted average common shares outstanding – basic		199,097,852			219,408,533			202,314,395			219,652,052
Weighted average common shares outstanding – diluted		199,097,852			219,408,533			203,142,324			219,768,504

Kite Realty Group NAREIT Funds From Operations (“FFO”)⁽¹⁾ (dollars in thousands, except per share amounts) (unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
		2026			2025			2026			2025

Net (loss) income	$	(13,624	)	$	(16,410	)	$	163,638		$	120,453
Less: net income attributable to noncontrolling interests in properties		—			(82	)		(126	)		(233	)
Less: gain on sales of operating properties, net		(2,341	)		(5,742	)		(90,068	)		(108,855	)
Less: gain on deconsolidation of joint venture		—			—			(60,625	)		—
Add: impairment charges		30,694			39,305			37,562			39,305
Add: depreciation and amortization of consolidated and unconsolidated entities, net of noncontrolling interests		93,163			101,750			275,983			304,896
NAREIT FFO of the Operating Partnership⁽¹⁾		107,892			118,821			326,364			355,566
Less: Limited Partners’ interests in FFO		(2,800	)		(2,569	)		(8,212	)		(7,498	)
FFO attributable to common shareholders⁽¹⁾	$	105,092		$	116,252		$	318,152		$	348,068
FFO, as defined by NAREIT, per share of the Operating Partnership – basic	$	0.53		$	0.53		$	1.57		$	1.58
FFO, as defined by NAREIT, per share of the Operating Partnership – diluted	$	0.53		$	0.53		$	1.57		$	1.58

Weighted average common shares outstanding – basic		199,097,852			219,408,533			202,314,395			219,652,052
Weighted average common shares outstanding – diluted		199,199,751			219,531,606			202,410,018			219,768,504

Weighted average common shares and units outstanding – basic		204,405,613			224,258,121			207,539,183			224,386,126
Weighted average common shares and units outstanding – diluted		204,507,512			224,381,194			207,634,806			224,502,578

Reconciliation of NAREIT FFO to Core FFO⁽²⁾
NAREIT FFO of the Operating Partnership⁽¹⁾	$	107,892		$	118,821		$	326,364		$	355,566
Add:
Amortization of deferred financing costs		2,220			1,856			5,877			5,251
Non-cash compensation expense and other		3,679			3,084			10,568			8,965
Less:
Straight-line rent – minimum rent and common area maintenance		2,850			3,789			7,970			9,202
Market rent amortization income		3,091			2,500			7,433			7,921
Amortization of debt discounts, premiums and hedge instruments		826			1,030			2,885			4,676
Core FFO of the Operating Partnership	$	107,024		$	116,442		$	324,521		$	347,983
Core FFO per share of the Operating Partnership – diluted	$	0.52		$	0.52		$	1.56		$	1.55

(1) “NAREIT FFO of the Operating Partnership” measures 100% of the operating performance of the Operating Partnership’s real estate properties. “FFO attributable to common shareholders” reflects a reduction for the redeemable noncontrolling weighted average diluted interest in the Operating Partnership.

(2) Includes the Company’s pro rata share from unconsolidated joint ventures.

NAREIT Funds From Operations (“FFO”) is a widely used performance measure for real estate companies and is provided here as a supplemental measure of our operating performance. The Company calculates FFO, a non-GAAP financial measure, in accordance with the best practices described in the April 2002 National Policy Bulletin of the National Association of Real Estate Investment Trusts (“NAREIT”), as restated in 2018. The NAREIT white paper defines FFO as net income (calculated in accordance with GAAP), excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, and (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity.

Considering the nature of our business as a real estate owner and operator, the Company believes that FFO is helpful to investors in measuring our operational performance because it excludes various items included in net income that do not relate to or are not indicative of our operating performance, such as gains or losses from sales of certain real estate assets that are excluded from FFO under the NAREIT definition and depreciation and amortization, which can make periodic and peer analyses of operating performance more difficult. FFO (a) should not be considered as an alternative to net income (calculated in accordance with GAAP) for the purpose of measuring our financial performance, (b) is not an alternative to cash flows from operating activities (calculated in accordance with GAAP) as a measure of our liquidity, and (c) is not indicative of funds available to satisfy our cash needs, including our ability to make distributions. The Company’s computation of FFO may not be comparable to FFO reported by other REITs that do not define the term in accordance with the current NAREIT definition or that interpret the current NAREIT definition differently than we do.

From time to time, the Company may report or provide guidance with respect to “FFO, as adjusted,” which removes the impact of certain non-recurring and non-operating transactions or other items the Company does not consider to be representative of its core operating results, including, without limitation, (i) gains or losses associated with the early extinguishment of debt, (ii) gains or losses associated with litigation involving the Company that is not in the normal course of business, (iii) merger and acquisition costs, (iv) the impact on earnings from significant and non-recurring employee severance costs and recruiting expenses, including sign-on bonuses and search fees, (v) the excess of redemption value over carrying value of preferred stock redemption, and (vi) the impact of prior period bad debt or the collection of accounts receivable previously written off (“prior period collection impact”), which are not otherwise adjusted in the Company’s calculation of FFO.

Core Funds From Operations (“Core FFO”) is a non-GAAP financial measure of operating performance that modifies FFO for certain non-cash transactions that result in recording income or expense and impact the Company’s period-over-period performance, including (i) amortization of deferred financing costs, (ii) non-cash compensation expense and other, (iii) straight-line rent related to minimum rent and common area maintenance, (iv) market rent amortization income, and (v) amortization of debt discounts, premiums and hedge instruments, and includes adjustments related to our pro rata share from unconsolidated joint ventures for these categories as applicable. The Company believes that Core FFO is useful to investors in evaluating the core cash flow-generating operations of the Company by adjusting for items that we do not consider to be part of our core business operations, allowing for comparison of core operating performance of the Company between periods. Core FFO should not be considered as an alternative to net income as an indicator of the Company’s performance or as an alternative to cash flow as a measure of liquidity or the Company’s ability to make distributions. The Company’s computation of Core FFO may differ from the methodology for calculating Core FFO used by other REITs and, therefore, may not be comparable to such other REITs.

Kite Realty Group
Same Property Net Operating Income (“NOI”)
(dollars in thousands)
(unaudited)

	Three Months Ended September 30,								Nine Months Ended September 30,
		2026			2025		Change			2026			2025		Change

Number of properties in Same Property Pool for the period⁽¹⁾		157			157					157			157

Leased percentage at period end		95.2	%		94.4	%				95.2	%		94.4	%
Economic occupancy percentage at period end		91.5	%		91.7	%				91.5	%		91.7	%
Economic occupancy percentage⁽²⁾		91.3	%		91.1	%				91.1	%		91.4	%

Minimum rent	$	139,166		$	135,581				$	415,600		$	404,014
Tenant recoveries		40,226			37,994					122,725			115,216
Bad debt reserve		(1,628	)		(1,947	)				(4,685	)		(5,219	)
Overage rent		1,560			1,282					4,386			3,840
Other property-related revenue		896			789					2,630			2,212
Total revenue		180,220			173,699					540,656			520,063

Property operating		(25,027	)		(24,241	)				(75,801	)		(71,700	)
Real estate taxes		(23,176	)		(21,974	)				(69,363	)		(67,158	)
Total expenses		(48,203	)		(46,215	)				(145,164	)		(138,858	)

Same Property NOI⁽³⁾	$	132,017		$	127,484		3.6	%	$	395,492		$	381,205		3.7	%

Reconciliation of Same Property NOI to most directly comparable GAAP measure:
Net operating income – same properties	$	132,017		$	127,484				$	395,492		$	381,205
Net operating income – sold properties		152			18,700					15,697			74,230
Net operating income – non-same activity⁽⁴⁾		6,972			5,756					18,558			17,309
Less: KRG share of unconsolidated joint ventures included in Same Property NOI above		(2,701	)		(2,484	)				(7,939	)		(3,218	)
Net gains from outlot sales		2,259			6,096					4,662			6,096
Total property NOI		138,699			155,552		(10.8	%)		426,470			475,622		(10.3	%)
Fee income		2,516			1,291					5,190			2,569
General, administrative and other		(15,041	)		(14,183	)				(43,534	)		(39,831	)
Depreciation and amortization		(79,655	)		(89,370	)				(243,750	)		(285,488	)
Impairment charges		(30,694	)		(39,305	)				(37,562	)		(39,305	)
Interest expense		(31,569	)		(33,162	)				(95,008	)		(100,168	)
Income tax expense of taxable REIT subsidiaries		(251	)		(106	)				(1,072	)		(315	)
Gain on sales of operating properties, net		2,341			5,742					90,068			108,855
Gain on deconsolidation of joint venture		—			—					60,625			—
Equity in loss of unconsolidated joint ventures		(3,775	)		(4,619	)				(7,335	)		(8,464	)
Other income, net		3,805			1,750					9,546			6,978
Net loss (income) attributable to noncontrolling interests		322			203					(4,242	)		(2,612	)
Net (loss) income attributable to common shareholders	$	(13,302	)	$	(16,207	)			$	159,396		$	117,841

(1)   Same Property NOI excludes the following: (i) Chastain Market and Founders Square, which were acquired in May 2026, and Village Commons and Legacy West, which were acquired in January and April 2025, respectively; (ii) The Corner – IN, which was reclassified from active development into our operating portfolio in March 2025; (iii) Eastgate Crossing, which was reclassified from our operating portfolio in September 2025 due to significant disruption caused by severe flooding as a result of Tropical Storm Chantal; (iv) our active development projects at One Loudoun; (v) Edwards Multiplex – Ontario, which was reclassified from our operating portfolio into redevelopment in March 2023; (vi) properties sold or classified as held for sale during 2025 and 2026; and (vii) standalone office properties, including the Carillon medical office building.
(2)   Excludes leases that are signed but for which tenants have not yet commenced the payment of cash rent. Calculated as a weighted average based on the timing of cash rent commencement and expiration during the period.
(3)   Same Property NOI for all periods presented includes (i) 52% of the NOI from three previously wholly owned properties that were contributed to the Seed Asset Joint Venture in June 2025 and (ii) 55% of the NOI from the One Loudoun Phase 1 Apartments (which 55% represents the Company’s expected final ownership percentage) and excludes the results of the Company’s insurance captive.
(4)   Includes non-cash activity as well as NOI from properties not included in the Same Property Pool.

The Company uses NOI, a non-GAAP financial measure, to evaluate the performance of our properties. The Company also uses total property NOI, which is defined as NOI plus net gains from outlot sales. The Company defines NOI as income from our real estate, including lease termination fees received from tenants, less our property operating expenses. NOI excludes amortization of capitalized tenant improvement costs and leasing commissions and certain corporate-level expenses, including merger and acquisition costs. The Company believes that NOI is helpful to investors as a measure of our operating performance because it excludes various items included in net income that do not relate to or are not indicative of our operating performance, such as depreciation and amortization, interest expense, and impairment, if any.

The Company also uses same property NOI (“Same Property NOI”), a non-GAAP financial measure, to evaluate the performance of our properties. Same Property NOI is net income excluding properties that have not been owned for the full periods presented. Beginning in 2026, the Company revised its Same Property NOI definition to exclude the results of the Company’s insurance captive to more clearly reflect the performance of our core real estate portfolio. Same Property NOI also excludes (i) net gains from outlot sales, (ii) straight-line rent revenue, (iii) lease termination income in excess of lost rent, (iv) amortization of lease intangibles, (v) significant prior period expense recoveries and adjustments, if any, and (vi) income or expense associated with the Company’s captive insurance company. When the Company receives payments in excess of any accounts receivable for terminating a lease, Same Property NOI will include such excess payments as monthly rent until the earlier of the expiration of 12 months or the start date of a replacement tenant.

The Company believes that Same Property NOI is helpful to investors as a measure of our operating performance because it includes only the NOI of properties that have been owned for the full periods presented. The Company believes such presentation eliminates disparities in net income due to the acquisition or disposition of properties during the particular periods presented and thus provides a more consistent metric for the comparison of our properties. Additionally, because results from the Company’s insurance captive are driven by insurance underwriting, loss experience, and actuarial assumptions and therefore do not reflect the operating performance of our real estate properties, management believes excluding the impacts of the insurance captive improves transparency and comparability for the Company’s investors. Same Property NOI includes the results of properties that have been owned for the entire current and prior year reporting periods. Same Property NOI for all periods presented includes (i) 52% of the NOI from three previously wholly owned properties that were contributed to the Seed Asset Joint Venture in June 2025 and (ii) 55% of the NOI from the One Loudoun Phase 1 Apartments (which 55% represents the Company’s expected final ownership percentage) and excludes the results of the Company’s insurance captive.

NOI and Same Property NOI should not, however, be considered as an alternative to net income (calculated in accordance with GAAP) as an indicator of our financial performance. The Company’s computation of NOI and Same Property NOI may differ from the methodology used by other REITs and, therefore, may not be comparable to such other REITs.

When evaluating the properties that are included in the Same Property Pool, we have established specific criteria for determining the inclusion of properties acquired or those recently under development. An acquired property is included in the Same Property Pool when there is a full quarter of operations in both years subsequent to the acquisition date. Development and redevelopment properties are included in the Same Property Pool four full quarters after the properties have been transferred to the operating portfolio. A redevelopment property is first excluded from the Same Property Pool when the execution of a redevelopment plan is likely, and we (a) begin recapturing space from tenants or (b) the contemplated plan significantly impacts the operations of the property. For the three and nine months ended September 30, 2026, the Same Property Pool excludes the following: (i) Chastain Market and Founders Square, which were acquired in May 2026, and Village Commons and Legacy West, which were acquired in January and April 2025, respectively; (ii) The Corner – IN, which was reclassified from active development into our operating portfolio in March 2025; (iii) Eastgate Crossing, which was reclassified from our operating portfolio in September 2025 due to significant disruption caused by severe flooding as a result of Tropical Storm Chantal; (iv) our active development projects at One Loudoun; (v) Edwards Multiplex – Ontario, which was reclassified from our operating portfolio into redevelopment in March 2023; (vi) properties sold or classified as held for sale during 2025 and 2026; and (vii) standalone office properties, including the Carillon medical office building.

Kite Realty Group Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) (dollars in thousands) (unaudited)

	Three Months Ended September 30, 2026

Net loss	$	(13,624	)
Depreciation and amortization		79,655
Interest expense		31,569
Income tax expense of taxable REIT subsidiaries		251
EBITDA		97,851
Unconsolidated EBITDA, as adjusted		13,103
Impairment charges		30,694
Gain on sales of operating properties, net		(2,341	)
Other income and expense, net		(30	)
Adjusted EBITDA	$	139,277

Annualized Adjusted EBITDA⁽¹⁾	$	557,108

Company share of Net Debt:
Mortgage and other indebtedness, net	$	2,807,320
Add: Company share of unconsolidated joint venture debt		270,431
Add: debt discounts, premiums and issuance costs, net		10,500
Less: Partner share of consolidated joint venture debt⁽²⁾		(88	)
Company’s consolidated debt and share of unconsolidated debt		3,088,163
Less: cash and cash equivalents		(32,542	)
Less: restricted cash and escrow deposits		(124,527	)
Less: Company share of unconsolidated joint venture cash and cash equivalents		(17,066	)
Company share of Net Debt	$	2,914,028

Net Debt to Adjusted EBITDA	5.2x

(1) Represents Adjusted EBITDA for the three months ended September 30, 2026 (as shown in the table above) multiplied by four.
(2) Partner share of consolidated joint venture debt is calculated based upon the partner’s pro rata ownership of the joint venture, multiplied by the related secured debt balance.

The Company defines EBITDA, a non-GAAP financial measure, as net income before interest expense, income tax expense of the taxable REIT subsidiaries, and depreciation and amortization. For informational purposes, the Company also provides Adjusted EBITDA, which it defines as EBITDA adjusted for (i) EBITDA from unconsolidated entities, as adjusted, (ii) gains on sales of operating properties or impairment charges, (iii) merger and acquisition costs, (iv) other income and expense, (v) noncontrolling interest Adjusted EBITDA, and (vi) other non-recurring activity or items impacting comparability from period to period. Annualized Adjusted EBITDA is Adjusted EBITDA for the most recent quarter multiplied by four. Net Debt to Adjusted EBITDA is the Company’s share of net debt divided by Annualized Adjusted EBITDA. EBITDA, Adjusted EBITDA, Annualized Adjusted EBITDA, and Net Debt to Adjusted EBITDA, as calculated by the Company, are not comparable to EBITDA and EBITDA-related measures reported by other REITs that do not define EBITDA and EBITDA-related measures exactly as we do. EBITDA, Adjusted EBITDA, and Annualized Adjusted EBITDA do not represent cash generated from operating activities in accordance with GAAP and should not be considered alternatives to net income as an indicator of performance or as alternatives to cash flows from operating activities as an indicator of liquidity.

Considering the nature of our business as a real estate owner and operator, the Company believes that EBITDA, Adjusted EBITDA, and the ratio of Net Debt to Adjusted EBITDA are helpful to investors in measuring our operational performance because they exclude various items included in net income that do not relate to or are not indicative of our operating performance, such as gains or losses from sales of depreciated property and depreciation and amortization, which can make periodic and peer analyses of operating performance more difficult. For informational purposes, the Company also provides Annualized Adjusted EBITDA, adjusted as described above. The Company believes this supplemental information provides a meaningful measure of its operating performance. The Company believes presenting EBITDA and the related measures in this manner allows investors and other interested parties to form a more meaningful assessment of the Company’s operating results.

Contact Information: Kite Realty Group
Cooper Clark
VP, Capital Markets & Investor Relations
773.980.0213
coclark@kiterealty.com

Posted in UncategorizedTagged GlobeNewswire

Kite Realty Group Reports Third Quarter 2026 Operating Results

Posted on October 30, 2026 by Ravi Shankar

Third Quarter 2026 Financial and Operational Results

Generated Core FFO of the Operating Partnership of $107.0 million, or $0.52 per diluted share.
Generated NAREIT FFO of the Operating Partnership of $107.9 million, or $0.53 per diluted share.
Same Property NOI increased by 3.6%.
Executed 160 new and renewal leases representing approximately 1.2 million square feet.
- Blended cash leasing spreads of 14.6% on 129 comparable leases, including 33.7% on 30 comparable new leases, 18.3% on 43 comparable non-option renewals, and 7.6% on 56 comparable option renewals.
- Blended cash leasing spreads of 26.2% for comparable new and non-option renewal leases.
Operating retail portfolio annualized base rent (ABR) per square foot of $23.52 at September 30, 2026, a 6.4% increase year-over-year.
Retail portfolio leased percentage of 95.3% at September 30, 2026, a 140-basis point increase year-over-year.
- Anchor leased percentage of 96.9% at September 30, 2026, a 190-basis point increase year-over-year.
- Small shop leased percentage of 92.7% at September 30, 2026, a 90-basis point increase year-over-year.
Portfolio leased-to-occupied spread at period end of 360 basis points, which represents approximately $38.8 million of signed-not-open NOI.

Third Quarter 2026 Capital Allocation Activity

As previously announced, sold one non-core asset – Tysons Corner in Vienna, VA – for $25.9 million.
- Subsequent to quarter end, sold one non-core asset – Carillon medical office building in Largo, MD – for a gross sales price of $33.2 million.
Acquired the fee interest in the land at Pelham Manor Shopping Plaza, an existing retail property in the New York metropolitan statistical area, for a gross purchase price of $52.0 million.
Repurchased approximately 2.4 million common shares, at an average price of $26.61 per share, for $63.4 million.
- In 2025 and to date in 2026, repurchased a total of approximately 22.0 million common shares, at an average price of approximately $24.46 per share, for $539.1 million.

Third Quarter 2026 Balance Sheet Overview

As of September 30, 2026, the Company’s net debt to Adjusted EBITDA was 5.2x.
As previously announced, on July 2, 2026, the Company’s operating partnership issued $345 million of 3.25% exchangeable senior notes due 2032, which included the full exercise of the initial purchasers’ $45 million overallotment option.
- In connection with the issuance of the exchangeable notes, the Company entered into capped call transactions with an initial cap of $41.91 per share, compared with the exchangeable notes’ initial exchange price of approximately $35.40 per share. The Company used the majority of the proceeds, together with cash from its recent asset dispositions, to redeem the operating partnership’s $300 million principal balance of the 4.00% senior unsecured notes that were scheduled to mature on October 1, 2026.
Repaid the $100 million principal balance of the 4.08% senior unsecured notes that matured on September 30, 2026.
Fitch Ratings upgraded the Company’s corporate credit rating to BBB+ from BBB with a stable rating outlook.

Dividend

On October 29, 2026, the Company’s Board of Trustees declared a fourth quarter 2026 dividend of $0.29 per common share. Total dividends declared for 2026 of $1.16 per common share represents a 5.5% increase year-over-year. The fourth quarter dividend will be paid on or about January 15, 2027, to shareholders of record as of January 9, 2027.

2026 Same Property NOI growth range of 3.40% to 3.90% (previously 3.00% to 4.00%).
Bad debt reserve of 0.90% of total revenues at the midpoint.
Interest expense, net of interest income, excluding unconsolidated joint ventures, of $116.4 million at the midpoint (previously $114.7 million).

The following table reconciles the Company’s 2026 net income guidance range to the Company’s 2026 NAREIT and Core FFO guidance ranges:

	Low		High
Net income	$0.88		$0.92
Gain on sales of operating properties, net		(0.44)		(0.44)
Gain on deconsolidation of joint venture		(0.29)		(0.29)
Impairment charges		0.18		0.18
Depreciation and amortization		1.75		1.75
NAREIT FFO	$2.08		$2.12
Non-cash items		0.00		0.00
Core FFO	$2.08		$2.12

Earnings Conference Call

About Kite Realty Group

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Safe Harbor

Kite Realty Group Consolidated Balance Sheets (dollars in thousands) (unaudited)
	September 30, 2026			December 31, 2025
Assets:
Investment properties, at cost	$	6,869,869		$	7,003,479
Less: accumulated depreciation		(1,759,251	)		(1,656,191	)
Net investment properties		5,110,618			5,347,288

Cash and cash equivalents		32,542			36,761
Tenant and other receivables, including accrued straight-line rent of $74,817 and $70,940, respectively		131,237			127,865
Restricted cash and escrow deposits		124,527			441,605
Deferred costs, net		163,121			181,553
Prepaid and other assets		64,970			93,913
Investments in unconsolidated joint ventures		401,162			364,407
Assets associated with investment properties held for sale		—			71,105
Total assets	$	6,028,177		$	6,664,497

Liabilities and Equity:
Liabilities:
Mortgage and other indebtedness, net	$	2,807,320		$	3,025,478
Accounts payable and accrued expenses		178,079			221,118
Deferred revenue and other liabilities		170,079			221,813
Liabilities associated with investment properties held for sale		—			4,314
Total liabilities		3,155,478			3,472,723

Commitments and contingencies
Limited Partners’ interests in the Operating Partnership		129,456			116,245

Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 197,966,711 and 208,979,900 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively		1,979			2,090
Additional paid-in capital		4,300,836			4,612,280
Accumulated other comprehensive income		18,576			23,079
Accumulated deficit		(1,578,846	)		(1,563,840	)
Total shareholders’ equity		2,742,545			3,073,609
Noncontrolling interests		698			1,920
Total equity		2,743,243			3,075,529
Total liabilities and equity	$	6,028,177		$	6,664,497

Kite Realty Group Consolidated Statements of Operations (dollars in thousands, except per share amounts) (unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
		2026			2025			2026			2025
Revenue:
Rental income	$	186,511		$	202,193		$	577,867		$	632,547
Other property-related revenue		1,248			1,477			4,173			4,312
Fee income		2,516			1,291			5,190			2,569
Total revenue		190,275			204,961			587,230			639,428

Expenses:
Property operating		27,653			28,536			87,264			87,243
Real estate taxes		23,666			25,678			72,968			80,090
General, administrative and other		15,041			14,183			43,534			39,831
Depreciation and amortization		79,655			89,370			243,750			285,488
Impairment charges		30,694			39,305			37,562			39,305
Total expenses		176,709			197,072			485,078			531,957

Other (expense) income:
Interest expense		(31,569	)		(33,162	)		(95,008	)		(100,168	)
Income tax expense of taxable REIT subsidiaries		(251	)		(106	)		(1,072	)		(315	)
Gain on sales of operating properties, net		2,341			5,742			90,068			108,855
Net gains from outlot sales		2,259			6,096			4,662			6,096
Gain on deconsolidation of joint venture		—			—			60,625			—
Equity in loss of unconsolidated joint ventures		(3,775	)		(4,619	)		(7,335	)		(8,464	)
Other income, net		3,805			1,750			9,546			6,978
Net (loss) income		(13,624	)		(16,410	)		163,638			120,453
Net loss (income) attributable to noncontrolling interests		322			203			(4,242	)		(2,612	)
Net (loss) income attributable to common shareholders	$	(13,302	)	$	(16,207	)	$	159,396		$	117,841

Net (loss) income per common share – basic	$	(0.07	)	$	(0.07	)	$	0.79		$	0.54
Net (loss) income per common share – diluted	$	(0.07	)	$	(0.07	)	$	0.78		$	0.54

Weighted average common shares outstanding – basic		199,097,852			219,408,533			202,314,395			219,652,052
Weighted average common shares outstanding – diluted		199,097,852			219,408,533			203,142,324			219,768,504

Kite Realty Group NAREIT Funds From Operations (“FFO”)⁽¹⁾ (dollars in thousands, except per share amounts) (unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
		2026			2025			2026			2025

Net (loss) income	$	(13,624	)	$	(16,410	)	$	163,638		$	120,453
Less: net income attributable to noncontrolling interests in properties		—			(82	)		(126	)		(233	)
Less: gain on sales of operating properties, net		(2,341	)		(5,742	)		(90,068	)		(108,855	)
Less: gain on deconsolidation of joint venture		—			—			(60,625	)		—
Add: impairment charges		30,694			39,305			37,562			39,305
Add: depreciation and amortization of consolidated and unconsolidated entities, net of noncontrolling interests		93,163			101,750			275,983			304,896
NAREIT FFO of the Operating Partnership⁽¹⁾		107,892			118,821			326,364			355,566
Less: Limited Partners’ interests in FFO		(2,800	)		(2,569	)		(8,212	)		(7,498	)
FFO attributable to common shareholders⁽¹⁾	$	105,092		$	116,252		$	318,152		$	348,068
FFO, as defined by NAREIT, per share of the Operating Partnership – basic	$	0.53		$	0.53		$	1.57		$	1.58
FFO, as defined by NAREIT, per share of the Operating Partnership – diluted	$	0.53		$	0.53		$	1.57		$	1.58

Weighted average common shares outstanding – basic		199,097,852			219,408,533			202,314,395			219,652,052
Weighted average common shares outstanding – diluted		199,199,751			219,531,606			202,410,018			219,768,504

Weighted average common shares and units outstanding – basic		204,405,613			224,258,121			207,539,183			224,386,126
Weighted average common shares and units outstanding – diluted		204,507,512			224,381,194			207,634,806			224,502,578

Reconciliation of NAREIT FFO to Core FFO⁽²⁾
NAREIT FFO of the Operating Partnership⁽¹⁾	$	107,892		$	118,821		$	326,364		$	355,566
Add:
Amortization of deferred financing costs		2,220			1,856			5,877			5,251
Non-cash compensation expense and other		3,679			3,084			10,568			8,965
Less:
Straight-line rent – minimum rent and common area maintenance		2,850			3,789			7,970			9,202
Market rent amortization income		3,091			2,500			7,433			7,921
Amortization of debt discounts, premiums and hedge instruments		826			1,030			2,885			4,676
Core FFO of the Operating Partnership	$	107,024		$	116,442		$	324,521		$	347,983
Core FFO per share of the Operating Partnership – diluted	$	0.52		$	0.52		$	1.56		$	1.55

(2) Includes the Company’s pro rata share from unconsolidated joint ventures.

Kite Realty Group
Same Property Net Operating Income (“NOI”)
(dollars in thousands)
(unaudited)

	Three Months Ended September 30,								Nine Months Ended September 30,
		2026			2025		Change			2026			2025		Change

Number of properties in Same Property Pool for the period⁽¹⁾		157			157					157			157

Leased percentage at period end		95.2	%		94.4	%				95.2	%		94.4	%
Economic occupancy percentage at period end		91.5	%		91.7	%				91.5	%		91.7	%
Economic occupancy percentage⁽²⁾		91.3	%		91.1	%				91.1	%		91.4	%

Minimum rent	$	139,166		$	135,581				$	415,600		$	404,014
Tenant recoveries		40,226			37,994					122,725			115,216
Bad debt reserve		(1,628	)		(1,947	)				(4,685	)		(5,219	)
Overage rent		1,560			1,282					4,386			3,840
Other property-related revenue		896			789					2,630			2,212
Total revenue		180,220			173,699					540,656			520,063

Property operating		(25,027	)		(24,241	)				(75,801	)		(71,700	)
Real estate taxes		(23,176	)		(21,974	)				(69,363	)		(67,158	)
Total expenses		(48,203	)		(46,215	)				(145,164	)		(138,858	)

Same Property NOI⁽³⁾	$	132,017		$	127,484		3.6	%	$	395,492		$	381,205		3.7	%

Reconciliation of Same Property NOI to most directly comparable GAAP measure:
Net operating income – same properties	$	132,017		$	127,484				$	395,492		$	381,205
Net operating income – sold properties		152			18,700					15,697			74,230
Net operating income – non-same activity⁽⁴⁾		6,972			5,756					18,558			17,309
Less: KRG share of unconsolidated joint ventures included in Same Property NOI above		(2,701	)		(2,484	)				(7,939	)		(3,218	)
Net gains from outlot sales		2,259			6,096					4,662			6,096
Total property NOI		138,699			155,552		(10.8	%)		426,470			475,622		(10.3	%)
Fee income		2,516			1,291					5,190			2,569
General, administrative and other		(15,041	)		(14,183	)				(43,534	)		(39,831	)
Depreciation and amortization		(79,655	)		(89,370	)				(243,750	)		(285,488	)
Impairment charges		(30,694	)		(39,305	)				(37,562	)		(39,305	)
Interest expense		(31,569	)		(33,162	)				(95,008	)		(100,168	)
Income tax expense of taxable REIT subsidiaries		(251	)		(106	)				(1,072	)		(315	)
Gain on sales of operating properties, net		2,341			5,742					90,068			108,855
Gain on deconsolidation of joint venture		—			—					60,625			—
Equity in loss of unconsolidated joint ventures		(3,775	)		(4,619	)				(7,335	)		(8,464	)
Other income, net		3,805			1,750					9,546			6,978
Net loss (income) attributable to noncontrolling interests		322			203					(4,242	)		(2,612	)
Net (loss) income attributable to common shareholders	$	(13,302	)	$	(16,207	)			$	159,396		$	117,841

Kite Realty Group Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) (dollars in thousands) (unaudited)

	Three Months Ended September 30, 2026

Net loss	$	(13,624	)
Depreciation and amortization		79,655
Interest expense		31,569
Income tax expense of taxable REIT subsidiaries		251
EBITDA		97,851
Unconsolidated EBITDA, as adjusted		13,103
Impairment charges		30,694
Gain on sales of operating properties, net		(2,341	)
Other income and expense, net		(30	)
Adjusted EBITDA	$	139,277

Annualized Adjusted EBITDA⁽¹⁾	$	557,108

Company share of Net Debt:
Mortgage and other indebtedness, net	$	2,807,320
Add: Company share of unconsolidated joint venture debt		270,431
Add: debt discounts, premiums and issuance costs, net		10,500
Less: Partner share of consolidated joint venture debt⁽²⁾		(88	)
Company’s consolidated debt and share of unconsolidated debt		3,088,163
Less: cash and cash equivalents		(32,542	)
Less: restricted cash and escrow deposits		(124,527	)
Less: Company share of unconsolidated joint venture cash and cash equivalents		(17,066	)
Company share of Net Debt	$	2,914,028

Net Debt to Adjusted EBITDA	5.2x

Contact Information: Kite Realty Group
Cooper Clark
VP, Capital Markets & Investor Relations
773.980.0213
coclark@kiterealty.com

Posted in UncategorizedTagged GlobeNewswire

Banco Itaú Chile Announces Third Quarter 2026 Management Commentary

Posted on October 30, 2026 by Ravi Shankar

SANTIAGO, Chile, Oct. 30, 2026 (GLOBE NEWSWIRE) — BANCO ITAÚ CHILE (SSE: ITAUCL) announced today its Management Commentary for the third quarter ended September 30, 2026. For the full report, please refer to the webpage:

https://ir.itau.cl/results-and-reports/quarterly-reports/

On Monday, November 9, 2026, at 11:00 A.M. Santiago time (9:00 A.M. ET), the Company’s management team will host a conference call to discuss the financial results. The call will be hosted by André Gailey, CEO; Emiliano Muratore, CFO; and Andrés Perez, Chief Economist.

Webinar Details:

Online registration:

https://mzgroup.zoom.us/webinar/register/WN_slxE0MqmSSSMHGNxWz-hfA

All participants must pre-register using this link to join the webinar. Upon registering, each participant will be provided with details to connect to the call.

Q&A session:

The Q&A session will be available for participants through the webinar, where attendees will be allowed to present their questions – we will answer selected questions verbally.

Investor Relations – Itaú Chile

IR@itau.cl / ir.itau.cl

Posted in UncategorizedTagged GlobeNewswire

Banco Itaú Chile Announces Third Quarter 2026 Management Commentary

Posted on October 30, 2026 by Ravi Shankar

https://ir.itau.cl/results-and-reports/quarterly-reports/

Webinar Details:

Online registration:

https://mzgroup.zoom.us/webinar/register/WN_slxE0MqmSSSMHGNxWz-hfA

All participants must pre-register using this link to join the webinar. Upon registering, each participant will be provided with details to connect to the call.

Q&A session:

The Q&A session will be available for participants through the webinar, where attendees will be allowed to present their questions – we will answer selected questions verbally.

Investor Relations – Itaú Chile

IR@itau.cl / ir.itau.cl

Posted in UncategorizedTagged GlobeNewswire

Goliath Resources Closes $9,800,000 Non-Brokered

Posted on October 30, 2026 by Ravi Shankar

Private Placement With Institutional Support

TORONTO, Oct. 30, 2026 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the “Company” or “Goliath Resources“) is pleased to announce that it has closed a non-brokered private placement financing (the “Offering”) with institutional support for aggregate gross proceeds of approximately C$9,800,000. Under the Offering, the Company issued 6,057,000 common shares in the capital of the Company (the “FT Shares”) at a price of C$1.62 per FT Share. Each FT Share qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). No warrants were issued and no finder’s fees or commissions were paid in connection with the Offering.

Mr. Roger Rosmus, Founder & CEO of Goliath Resources states: “We welcome the continued support from the institutional community for our grassroots high-grade Surebet Gold Discovery at our Golddigger Property located in the Golden Triangle. The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with ~C$27.5M in cash going into 2027 and our planned exploration drill program. We look forward to announcing assays on the 55 holes that are still pending from the 2026 drill program once received, compiled and interpreted. In the interim, please check out our new Surebet Discovery Interactive 3D Model: https://got.terrahutton.io/”

The FT Shares were issued to subscribers pursuant to available prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions and are subject to a statutory four-month hold period ending March 1, 2027, pursuant to applicable Canadian securities laws. The Offering remains subject to the final approval of the TSX Venture Exchange (the “Exchange“).

The gross proceeds from the issue and sale of the FT Shares will be used to incur exploration expenses that qualify as “Canadian exploration expenses” as defined in subsection 66.1(6) of the Tax Act and “flow-through mining expenditures” as defined in subsection 127(9) of the Tax Act for purposes of the mineral exploration tax credit (the “Qualifying Expenditures”) on the Company’s flagship Golddigger-Surebet Gold Project, located in British Columbia, Canada. Such Qualifying Expenditures will be incurred on or before December 31, 2027, and renounced to the subscribers with an effective date no later than December 31, 2026.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Goliath Resources Limited

Goliath Resources is an explorer of precious metals projects in the highly prospective Golden Triangle of Northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath Resources is a member and active supporter of CASERM, which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. In 2025, Goliath Resources completed its largest drill program to date for a total of 64,364 meters and has recently completed a fully funded drill program in 2026 comprised of 48,443 meters; assays are pending for 55 holes. The Company’s key strategic cornerstone shareholders include Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (NYSE: MUX) (TSX: MUX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Offering (including the tax treatment of the FT Shares, the timing to incur and renounce all Qualifying Expenditures in favour of the subscribers, and the use of proceeds of the Offering), and the Company’s ability to obtain all regulatory approvals, including the approval of the Exchange. In disclosing the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

Posted in UncategorizedTagged GlobeNewswire

Goliath Resources Closes $9,800,000 Non-Brokered

Posted on October 30, 2026 by Ravi Shankar

Private Placement With Institutional Support

About Goliath Resources Limited

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com

Posted in UncategorizedTagged GlobeNewswire

LyondellBasell reports third quarter 2026 earnings

Posted on October 30, 2026 by Ravi Shankar

Net income: $758 million, $828 million excluding identified items¹
Diluted earnings per share: $2.32 per share, $2.54 per share excluding identified items
EBITDA: $1.4 billion, $1.5 billion excluding identified items
Continued strong EBITDA margin reflecting the resilience of our global, cost-advantaged portfolio, ongoing execution of our Value Enhancement Program and diversified end market exposure
Demonstrated operational excellence through improved asset reliability and completion of the Clinton turnaround on time and under budget
Increased cash by approximately $600 million during the quarter including planned €500 million debt repayment
Progressed our Cash Improvement Plan including reducing global structural fixed costs

HOUSTON and LONDON, Oct. 30, 2026 (GLOBE NEWSWIRE) — LyondellBasell Industries (NYSE: LYB) (the “company”) today announced results for the third quarter 2026. Comparisons with the prior quarter and third quarter 2025 are available in the following table:

Table 1 – Earnings Summary

*Millions of U.S. dollars (except share data)*	Three Months Ended							Nine Months Ended
*Millions of U.S. dollars (except share data)*	September 30, 2026		June 30, 2026		September 30, 2025			September 30, 2026		September 30, 2025
Sales and other operating revenues	$	8,499	$	9,177	$	7,727		$	24,873	$	23,062
Net income (loss)		758		559		(890	)		1,442		(598	)
Diluted earnings (loss) per share		2.32		1.71		(2.77	)		4.42		(1.89	)
Weighted average diluted share count		323		323		322			323		322
EBITDA¹		1,420		1,252		(480	)		3,240		781

Excluding Identified Items¹

Net income excluding identified items	$	828		$	1,401		$	330	$	2,392		$	642
Diluted earnings per share excluding identified items		2.54			4.30			1.01		7.34			1.96
Loss on sale of business, pre-tax		—			734			6		734			6
Asset write-downs, pre-tax		—			74			1,202		89			1,234
Cash Improvement Plan costs, pre-tax		2			31			7		33			27
Site closure costs, pre-tax		77			30			—		111			117
European transaction costs, net of transition service agreement income, pre-tax		(9	)		(11	)		17		(10	)		27
(Income) loss from discontinued operations, pre-tax		22			17			83		57			(66	)
EBITDA excluding identified items		1,512			2,127			835		4,254			2,126

_{(1) See “Information Related to Financial Measures” for a discussion of the company’s use of non-GAAP financial measures and Tables 2-4 for reconciliations or calculations of these financial measures. “Identified items” include adjustments for lower of cost or market (“LCM”), gain/loss on sale of business, asset write-downs in excess of $10 million in aggregate for the period, Cash Improvement Plan costs, site closure costs, European transaction costs, net of transition service agreement income, and discontinued operations.}

“In an evolving macroeconomic environment, we delivered another quarter of strong earnings and robust cash conversion through disciplined execution underscored by the strength of our global, cost-advantaged portfolio,” said Peter Vanacker, LYB chief executive officer. “We are leveraging the flexibility and resilience of our leaner structure by optimizing feedstocks, directing products to the most attractive markets and aligning operating rates with demand. The strength of our oxyfuels business and materially higher Intermediates and Derivatives profitability highlight the benefits of our diversified portfolio. We continue to prioritize safety, reliability and cost discipline, to maximize margins, generate cash and deliver sustainable value for our shareholders.”

THIRD QUARTER 2026 RESULTS
The company reported net income for the third quarter 2026 of $758 million, or $2.32 per diluted share. During the quarter, the company recognized $70 million of identified items, net of tax. These items, which impacted third quarter earnings by $0.22 per diluted share, included closure costs for a European propylene oxide (PO) joint venture. Third quarter 2026 EBITDA was $1.4 billion, or $1.5 billion excluding identified items.

Market conditions remained dynamic throughout the third quarter, as ongoing geopolitical uncertainty led to diverging impacts in our key markets. Compared with the second quarter, profitability fell in the Olefins and Polyolefins (O&P) – Americas segment, driven by lower prices for polymers and olefin products. However, the industry’s integrated polyethylene margins ended the third quarter at approximately 50% above 2025 levels, supported by positive polyethylene price momentum in September. The company completed the planned turnaround at Clinton on time and under budget, reflecting the ongoing focus on operational excellence. In the O&P – Europe, Asia and International segment, polymer prices fell which pressured margins. Volumes in the third quarter were also lower sequentially, reflecting the sale of certain European assets in May 2026.

Intermediates and Derivatives (I&D) delivered materially higher quarterly profitability, largely driven by oxyfuels. Through the Value Enhancement Program, LYB increased utilization of the Channelview PO/TBA asset to approximately 110%. Bayport PO/TBA operated at full rates after a successful restart in June, leveraging strong customer demand and providing additional support to earnings. Global supply disruptions led to higher crack spreads, and favorable gasoline blend economics boosted octane values. These factors significantly expanded Europe and U.S. oxyfuel margins. Acetyls also benefited from improved reliability at La Porte.

LYB generated $1.7 billion in cash from operating activities during the third quarter, including a release of working capital. Capital allocation was balanced between capital expenditures of $303 million and $224 million of shareholder returns through dividends. The company also repaid its €500 million note maturity in September as planned. At the end of the quarter, LYB held $3.2 billion in cash and cash equivalents and $7.7 billion in available liquidity.

OUTLOOK
Conditions in the Middle East are likely to remain fluid and a potential return to pre-conflict conditions is likely to be non-linear and take longer than anticipated. Customer buying patterns have been impacted by inventory levels and price volatility, however polyethylene domestic and export demand is strong and polymer pricing improved through the end of the third quarter. Additionally, oxyfuels margins and demand remain strong. As markets continue to adjust, reliable supply and operational flexibility are expected to remain important differentiators. The company’s cost-advantaged assets and exposure to diverse end markets are well positioned to underpin future earnings and cash flow.

In the fourth quarter, we expect normal seasonal demand patterns along with ongoing supply uncertainty. The company has a planned maintenance project in a North American polypropylene asset. To align with global demand and the company’s planned maintenance, LYB expects fourth quarter operating rates of 85% for North American O&P assets, 60% for European O&P assets and 75% for I&D assets. The fourth quarter is expected to deliver a seasonal release of working capital.

LYB remains focused on commercial and operational agility in this dynamic market while continuing to execute the Cash Improvement Plan. The company’s capital allocation priorities remain unchanged: safely operate and maintain assets, strengthen the balance sheet through disciplined deleveraging, maintain an attractive dividend and invest selectively in opportunities that enhance long-term shareholder value.

CONFERENCE CALL
LYB will host a conference call Oct. 30 at 11 a.m. EDT. Participants on the call will include CEO Peter Vanacker, Executive Vice President (EVP) and Chief Financial Officer Agustin Izquierdo, EVP of Global O&P Kim Foley, EVP of I&D Aaron Ledet, EVP of Advanced Polymer Solutions Torkel Rhenman and Head of Investor Relations David Dennison. For event access, the toll-free dial-in number is 1-877-407-8029, international dial-in number is 201-689-8029 or click the CallMe link. The slides and webcast that accompany the call will be available at investors.lyondellbasell.com/earnings. A replay of the call will be available from 1 p.m. EDT Oct. 30 until Nov. 30, 2026. The replay toll-free dial-in numbers are 1-877-660-6853 and 201-612-7415. The access ID for each is 13746219.

ABOUT LYONDELLBASELL
We are LyondellBasell (NYSE: LYB), a global leader in the chemical industry. We develop, manufacture and market innovative products for applications ranging from transportation and infrastructure to food safety, clean water and quality healthcare.

We hold leading positions in polyolefins, oxyfuels, propylene oxide and acetyls. Our focus on safe and reliable operations, proprietary technologies and strong portfolio positions us for success. Through disciplined investments, we strengthen our core businesses, and build profitable circular and low-carbon solutions that create long-term value for our customers, investors and other stakeholders.

Our commitment to an inclusive global workplace enables employees to do their best work as they create solutions for everyday sustainable living. For more information, please visit https://lyondellbasell.com or follow @LyondellBasell on LinkedIn.

FORWARD-LOOKING STATEMENTS
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. When used in this release, the words “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Actual results could differ materially based on factors including, but not limited to, market conditions, including the prolonged industry downturn, the business cyclicality of the chemical and polymers industries; the availability, cost and price volatility of raw materials and utilities, particularly the cost of oil, natural gas, and associated natural gas liquids; our ability to successfully implement initiatives identified pursuant to our Value Enhancement Program and generate anticipated earnings; competitive product and pricing pressures; labor conditions; our ability to attract and retain key personnel; operating interruptions (including leaks, explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, supplier disruptions, labor shortages, strikes, work stoppages or other labor difficulties, transportation interruptions, spills and releases and other environmental risks); the supply/demand balances for our and our joint ventures’ products; industry production capacities, operating rates, and the pace of global capacity rationalizations; the impacts and scope of the global supply disruption resulting from the conflict in Ukraine and the Middle East; our ability to manage costs; future financial and operating results; our ability to complete capital projects on time and on budget and successfully operate the asset; our ability to align our assets and grow and upgrade our core; our ability to reduce our fixed costs and increase cash flow; legal and environmental proceedings; tax rulings and related consequences or proceedings; the impacts of tariffs and trade disruptions; technological developments, and our ability to develop new products and process technologies; our ability to meet our sustainability goals, including the ability to operate safely, increase production of recycled and renewable-based polymers to meet our targets and forecasts, and reduce our emissions and achieve net zero emissions by the time set in our goals; our ability to procure energy from renewable sources; our ability to build a profitable Circular & Low Carbon Solutions business; our ability to improve the business performance of our Advanced Polymer Solutions segment and its ability to secure new customers; potential governmental regulatory actions; political unrest and terrorist acts; risks and uncertainties posed by international operations, including foreign currency fluctuations; our ability to maintain our investment-grade credit rating and execute our capital allocation strategy, including our ability to pay dividends; and our ability to comply with debt covenants and to repay our debt. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2025, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law.

INFORMATION RELATED TO FINANCIAL MEASURES
This release makes reference to certain non-GAAP financial measures as defined in Regulation G of the U.S. Securities Exchange Act of 1934, as amended.

We report our financial results in accordance with U.S. generally accepted accounting principles (“GAAP”), but believe that certain non-GAAP financial measures, such as EBITDA, and EBITDA, net income and diluted EPS exclusive of identified items provide useful supplemental information to investors regarding the underlying business trends and performance of the company’s ongoing operations and are useful for period-over-period comparisons of such operations. Non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the financial measures prepared in accordance with GAAP.

We calculate EBITDA as net income (loss) plus interest expense, net, provision for (benefit from) income taxes, and depreciation and amortization. EBITDA should not be considered an alternative to profit or operating profit for any period as an indicator of our performance, or as an alternative to operating cash flows as a measure of our liquidity. We also present EBITDA, net income and diluted EPS exclusive of identified items. Identified items include adjustments for lower of cost or market (“LCM”), gain/loss on sale of business, asset write-downs in excess of $10 million in aggregate for the period, Cash Improvement Plan costs, site closure costs, European transaction costs, net of transition service agreement income, and discontinued operations. Asset write-downs include impairments of goodwill and impairments of long-lived assets. Our inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) inventory valuation methodology, which means that the most recently incurred costs are charged to cost of sales and inventories are valued at the earliest acquisition costs. Fluctuation in the prices of crude oil, natural gas and correlated products from period to period may result in the recognition of charges to adjust the value of inventory to the lower of cost or market in periods of falling prices and the reversal of those charges in subsequent interim periods, within the same fiscal year as the charge, as market prices recover. A gain/loss on sale of a business is calculated as the consideration received from the sale less its carrying value. We evaluate property, plant and equipment and definite-lived intangible assets whenever impairment indicators are present. If it is determined that an asset or asset group’s undiscounted future cash flows will not be sufficient to recover the carrying amount, an impairment charge is recognized to write the asset down to its estimated fair value. Goodwill is tested for impairment annually in the fourth quarter or whenever events or changes in circumstances indicate that the fair value of a reporting unit with goodwill is below its carrying amount. If it is determined that the carrying value of the reporting unit including goodwill exceeds its fair value, an impairment charge is recognized. We assess our equity investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. If the decline in value is considered to be other-than-temporary, the investment is written down to its estimated fair value. In June 2025, we announced the divestiture of select olefins and polyolefins assets and the associated businesses in Europe, in May 2026 we completed the divestiture. In connection with the divestiture we recognized selling expenses, separation costs and employee-related charges (collectively referred to as “European transaction costs”), income from the transition service agreement and loss on sale of business. In April 2025, the company announced the Cash Improvement Plan, focused on strengthening financial performance, which resulted in employee-related charges across all segments. In March 2025, we announced the permanent closure of our Dutch PO joint venture asset, resulting in the recognition of shutdown-related charges in our Intermediates & Derivatives (“I&D”) segment. Additionally, we recognized shutdown and employee-related charges related to sites in our Advanced Polymer Solutions (“APS”) and Olefins & Polyolefins – Europe, Asia, International (“O&P-EAI”) segments. In February 2025, we ceased business operations at our Houston refinery. Accordingly, our refining business, previously disclosed as the Refining segment, is reported as a discontinued operation.

These non-GAAP financial measures as presented herein, may not be comparable to similarly titled measures reported by other companies due to differences in the way the measures are calculated. In addition, we include calculations for certain other financial measures to facilitate understanding. This release contains time sensitive information that is accurate only as of the time hereof. Information contained in this release is unaudited and subject to change.

LyondellBasell undertakes no obligation to update the information presented herein except to the extent required by law.

Additional operating and financial information may be found on our website at investors.lyondellbasell.com.

Source: LyondellBasell Industries

Investor Contact: David Dennison +1 713-309-4987
Media Contact: Barrie Lee +1 713-309-4791

Table 2 – Reconciliations of Net Income (Loss) to Net Income Excluding Identified Items and to EBITDA Including and Excluding Identified Items
	Three Months Ended									Nine Months Ended
Millions of U.S. dollars	September 30, 2026			June 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Net income (loss)	$	758		$	559		$	(890	)	$	1,442		$	(598	)
Identified items
add: Loss on sale of business, pre-tax^(a)		—			734			6			734			6
add: Asset write-downs, pre-tax^(b)		—			74			1,202			89			1,234
add: Cash Improvement Plan costs, pre-tax^(c)		2			31			7			33			27
add: Site closure costs, pre-tax^(d)		77			30			—			111			117
add: European transaction costs, net of transition service agreement income, pre-tax^(e)		(9	)		(11	)		17			(10	)		27
less: (Income) loss from discontinued operations, pre-tax		22			17			83			57			(66	)
less: Benefit from income taxes related to identified items		(22	)		(33	)		(95	)		(64	)		(105	)
Net income excluding identified items	$	828		$	1,401		$	330		$	2,392		$	642

Net income (loss)	$	758		$	559		$	(890	)	$	1,442		$	(598	)
Provision for (benefit from) income taxes		183			232			(49	)		409			91
Depreciation and amortization		370			347			350			1,059			1,005
Interest expense, net		109			114			109			330			283
EBITDA		1,420			1,252			(480	)		3,240			781
Identified items
add: Loss on sale of business^(a)		—			734			6			734			6
add: Asset write-downs^(b)		—			74			1,202			89			1,234
add: Cash Improvement Plan costs^(c)		2			31			7			33			27
add: Site closure costs^(d)		77			30			—			111			117
add: European transaction costs, net of transition service agreement income^(e)		(9	)		(11	)		17			(10	)		27
less: EBITDA from discontinued operations		22			17			83			57			(66	)
EBITDA excluding identified items	$	1,512		$	2,127		$	835		$	4,254		$	2,126

_{(a) In May 2026, we disposed of select European O&P assets and the associated businesses, resulting in the recognition of a loss in our O&P-EAI segment. In September 2025, we sold our U.S. specialty powders business, resulting in the recognition of a loss in our APS segment.}
_{(b) Includes asset write-downs in excess of $10 million in aggregate for the period. For the nine months ended September 30, 2026, we recognized non-cash asset write-downs of $89 million, including a $74 million impairment charge recognized in the second quarter related to a plastic waste sorting facility in Houston, Texas, within our Olefins & Polyolefins – Americas segment and $15 million related to property, plant and equipment (“PP&E”) in the O&P-EAI segment. For the nine months ended September 30, 2025, we recognized non-cash asset write-downs of $1,234 million, which included non-cash goodwill impairment charges of $400 million in our O&P-EAI segment and $572 million in our APS segment, non-cash impairment charges of $111 million for intangible assets and $99 million for PP&E in our APS segment, and non-cash impairment charges of $43 million for PP&E related to the European assets classified as held for sale within our O&P-EAI segment.}
_{(c) In April 2025, the company announced the Cash Improvement Plan, focused on strengthening financial performance, which resulted in employee-related charges across all segments.}
_{(d) In March 2025, we announced the permanent closure of our Dutch PO joint venture asset, resulting in shutdown-related charges of $76 million and $117 million for the nine months ended September 30, 2026 and 2025, respectively, within our I&D segment. Additionally, for the nine months ended September 30, 2026, we recognized $31 million of employee-related charges related to the planned closure of our polypropylene asset in Brindisi, Italy, within our O&P-EAI segment.}
_{(e) In June 2025, we announced plans to sell select European O&P assets and the associated businesses, resulting in selling expenses, separation costs and employee-related charges in our O&P-EAI segment. Transition service agreement income was $10 million and $18 million, for the three and nine months ended September 30, 2026, respectively.}

Table 3 – Reconciliation of Diluted EPS to Diluted EPS Excluding Identified Items
	Three Months Ended									Nine Months Ended
	September 30, 2026			June 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Diluted earnings (loss) per share	$	2.32		$	1.71		$	(2.77	)	$	4.42		$	(1.89	)
Identified items
add: Loss on sale of business		—			2.27			0.02			2.27			0.02
add: Asset write-downs^(a)		—			0.18			3.51			0.21			3.58
add: Cash Improvement Plan costs		0.01			0.07			0.01			0.08			0.06
add: Site closure costs		0.17			0.06			—			0.24			0.27
add: European transaction costs, net of transition service agreement income		(0.02	)		(0.03	)		0.05			(0.02	)		0.08
less: (Income) loss from discontinued operations		0.06			0.04			0.19			0.14			(0.16	)
Diluted earnings per share excluding identified items	$	2.54		$	4.30		$	1.01		$	7.34		$	1.96

_{(a) Includes asset write-downs in excess of $10 million in aggregate for the period.}

Table 4 – Calculation of Cash and Liquid Investments and Total Liquidity
Millions of U.S. dollars	September 30, 2026
Cash and cash equivalents	$	3,227
Restricted cash		8
Short-term investments		—
Cash and liquid investments		3,235
add:
Availability under Senior Revolving Credit Facility		3,750
Availability under U.S. Receivables Facility		700
Total liquidity	$	7,685

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