A Business at a Glance
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Unless the context suggests otherwise, references to “we,” “us,” “our” or the “Company” refer to Kite Realty Group Trust and our business and operations conducted through our directly or indirectly owned subsidiaries, including Kite Realty Group, L.P., our operating partnership (the “Operating Partnership”). Kite Realty Group Trust is a publicly held REIT that, through its majority-owned subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development, and redevelopment of high-quality, open-air, grocery-anchored shopping centers and vibrant mixed-use assets that are primarily located in high-growth Sun Belt markets and select strategic gateway markets in the United States. Following our merger with Retail Properties of America, Inc. (“RPAI”) in 2021, we became a top-five open-air shopping center REIT based upon market capitalization.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 844M | 844M | 837M | 821M | 802M | 373M |
| Net Income | 299M | 299M | 4.1M | 47M | -13M | -81M |
| EPS | $1.37 | $1.37 | $0.02 | $0.22 | $-0.06 | $-0.73 |
| Free Cash Flow | 278M | 278M | 378M | 316M | 221M | 43M |
| ROIC | 7.1% | 7.1% | 1.7% | 2.3% | 1.4% | -0.5% |
| Gross Margin | 39.2% | 39.2% | 34.2% | 35.2% | 27.9% | 11.2% |
| Debt/Equity | 0.98 | 0.98 | 0.97 | 0.79 | 0.80 | 0.80 |
| Dividends/Share | $1.08 | $1.25 | $1.03 | $0.97 | $0.87 | $0.72 |
| Operating Income | 432M | 432M | 111M | 152M | 92M | -22M |
| Operating Margin | 51.1% | 51.1% | 13.3% | 18.5% | 11.4% | -5.8% |
| ROE | 9.7% | 9.4% | 0.1% | 1.3% | -0.3% | -3.1% |
| Shares Outstanding | 218M | 218M | 204M | 216M | 211M | 111M |
KITE REALTY GROUP TRUST passes 3 of 9 quality checks, indicating weak fundamentals.
KITE REALTY GROUP TRUST trades at 18.7x trailing earnings, compared to its 15-year median P/E of 88.9x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 12.6x vs a median of 26.6x. The company's 5-year average ROIC is 2.4% with a gross margin of 29.5%. Total shareholder yield (dividends) is 4.3%. At current prices, the estimated annualized return to fair value is +12.7%.
KITE REALTY GROUP TRUST (KRG) has a current P/E ratio of 18.7, compared to its historical median P/E of 88.9. The stock is currently considered Cheap based on its historical valuation range.
KITE REALTY GROUP TRUST (KRG) has a 5-year average return on invested capital (ROIC) of 2.4%. This is below average and may indicate limited pricing power.
KITE REALTY GROUP TRUST (KRG) has a market capitalization of $5.6B. It is classified as a mid-cap stock.
Yes, KITE REALTY GROUP TRUST (KRG) pays a dividend with a trailing twelve-month yield of 4.23%. The company also returns capital through share buybacks, with a buyback yield of 0.02%.
Based on historical P/E analysis, KITE REALTY GROUP TRUST (KRG) appears cheap. The current P/E of 18.7 is 79% below its historical median of 88.9. The estimated fair value CAGR (P/E method) is 18.3%.
KITE REALTY GROUP TRUST (KRG) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
KITE REALTY GROUP TRUST (KRG) reported annual revenue of $844 million in its most recent fiscal year, based on SEC EDGAR filings.
KITE REALTY GROUP TRUST (KRG) has a net profit margin of 35.4%. This is a strong margin indicating high profitability.
KITE REALTY GROUP TRUST (KRG) generated $278 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
KITE REALTY GROUP TRUST (KRG) has a debt-to-equity ratio of 0.98. This indicates moderate leverage.
KITE REALTY GROUP TRUST (KRG) reported earnings per share (EPS) of $1.37 in its most recent fiscal year.
KITE REALTY GROUP TRUST (KRG) has a return on equity (ROE) of 9.4%. This indicates moderate shareholder returns.
KITE REALTY GROUP TRUST (KRG) has a 5-year average gross margin of 29.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for KITE REALTY GROUP TRUST (KRG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KITE REALTY GROUP TRUST (KRG) has a book value per share of $14.10, based on its most recent annual SEC filing.