(KRG) Kite Realty Trust - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 5.587m USD | Total Return: 31.3% in 12m
Avg Turnover: 51.4M
EPS Trend: 93.4%
Qual. Beats: 0
Rev. Trend: 65.3%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 20.4 → Forward 61.7
Altman Z'' -0.68 < 1.0 - financial distress zone
Extended 1w
Tailwinds
No distinct edge detected
Kite Realty Group Trust (KRG) is a Maryland-incorporated real estate investment trust specializing in the ownership and operation of open-air shopping centers and mixed-use properties. The portfolio is primarily located in high-growth Sun Belt regions and select strategic gateway markets, totaling 169 assets with approximately 27.3 million square feet of leasable space. Publicly traded since 2004, the firm utilizes a disciplined investment strategy focused on long-term value creation through active asset management.
As a Retail REIT, KRG operates under a business model that typically generates revenue through long-term triple-net leases, where tenants cover most operating expenses including taxes and insurance. Open-air centers often benefit from lower common area maintenance costs and higher consumer accessibility compared to enclosed regional malls. Investors can further explore the companys financial health and valuation metrics on ValueRay.
- Sun Belt population growth drives high occupancy and rental rate appreciation
- Anchor tenant demand for open-air retail space boosts long-term lease spreads
- Rising interest rates increase refinancing costs and weigh on debt service
- Consumer discretionary spending shifts impact small-shop tenant stability and revenue
- Strategic redevelopment of mixed-use assets enhances net operating income growth potential
| Net Income: 286.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.36 > 1.0 |
| NWC/Revenue: 23.81% < 20% (prev 6.92%; Δ 16.89% < -1%) |
| CFO/TA 0.06 > 3% & CFO 405.4m > Net Income 286.3m |
| Net Debt (3.15b) to EBITDA (786.1m): 4.01 < 3 |
| Current Ratio: 1.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (206.1m) vs 12m ago -6.26% < -2% |
| Gross Margin: 52.26% > 18% (prev 0.74%; Δ 5.15k% > 0.5%) |
| Asset Turnover: 12.68% > 50% (prev 12.81%; Δ -0.13% > 0%) |
| Interest Coverage Ratio: 3.46 > 6 (EBITDA TTM 786.1m / Interest Expense TTM 122.2m) |
| A: 0.03 (Total Current Assets 410.5m - Total Current Liabilities 213.7m) / Total Assets 6.35b |
| B: -0.25 (Retained Earnings -1.61b / Total Assets 6.35b) |
| C: 0.06 (EBIT TTM 423.3m / Avg Total Assets 6.52b) |
| D: -0.47 (Book Value of Equity -1.59b / Total Liabilities 3.36b) |
| Altman-Z'' = -0.68 = B |
| DSRI: 1.11 (Receivables 133.3m/124.3m, Revenue 826.6m/856.2m) |
| GMI: 1.42 (GM 52.26% / 74.25%) |
| AQI: 1.69 (AQ_t 0.09 / AQ_t-1 0.06) |
| SGI: 0.97 (Revenue 826.6m / 856.2m) |
| TATA: -0.02 (NI 286.3m - CFO 405.4m) / TA 6.35b) |
| Beneish M = -2.19 (Cap -4..+1) = BB |
As of May 27, 2026, the stock is trading at USD 27.45 with a total of 1,564,025 shares traded.
Over the past week, the price has changed by +5.46%,
over one month by +5.13%,
over three months by +6.52% and
over the past year by +31.25%.
Kite Realty Trust has received a consensus analysts rating of 3.91. Therefore, it is recommended to buy KRG.
- StrongBuy: 5
- Buy: 0
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 28.2 | 2.7% |
P/E Trailing = 20.3561
P/E Forward = 61.7284
P/S = 6.7801
P/B = 1.8847
P/EG = 3.1351
Revenue TTM = 826.6m USD
EBIT TTM = 423.3m USD
EBITDA TTM = 786.1m USD
Long Term Debt = 2.94b USD (from longTermDebt, last quarter)
Short Term Debt = 53.0m USD (from shortTermDebt, last quarter)
Debt = 3.18b USD (from shortLongTermDebtTotal, last quarter) + Leases 188.3m
Net Debt = 3.15b USD (calculated: Debt 3.18b - CCE 32.5m)
Enterprise Value = 8.73b USD (5.59b + Debt 3.18b - CCE 32.5m)
Interest Coverage Ratio = 3.46 (Ebit TTM 423.3m / Interest Expense TTM 122.2m)
EV/FCF = 34.22x (Enterprise Value 8.73b / FCF TTM 255.3m)
FCF Yield = 2.92% (FCF TTM 255.3m / Enterprise Value 8.73b)
FCF Margin = 30.89% (FCF TTM 255.3m / Revenue TTM 826.6m)
Net Margin = 34.64% (Net Income TTM 286.3m / Revenue TTM 826.6m)
Gross Margin = 52.26% ((Revenue TTM 826.6m - Cost of Revenue TTM 394.6m) / Revenue TTM)
Gross Margin QoQ = 72.13% (prev -10.36%)
Tobins Q-Ratio = 1.38 (Enterprise Value 8.73b / Total Assets 6.35b)
Interest Expense / Debt = 3.84% (Interest Expense 122.2m / Debt 3.18b)
Taxrate = 3.26% (395k / 12.1m)
NOPAT = 409.5m (EBIT 423.3m * (1 - 3.26%))
Current Ratio = 1.92 (Total Current Assets 410.5m / Total Current Liabilities 213.7m)
Debt / Equity = 1.11 (Debt 3.18b / totalStockholderEquity, last quarter 2.86b)
Debt / EBITDA = 4.01 (Net Debt 3.15b / EBITDA 786.1m)
Debt / FCF = 12.33 (Net Debt 3.15b / FCF TTM 255.3m)
Total Stockholder Equity = 3.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.39% (Net Income 286.3m / Total Assets 6.35b)
RoE = 6.07% (Net Income TTM 286.3m / Total Stockholder Equity 4.72b)
RoCE = 5.53% (EBIT 423.3m / Capital Employed (Equity 4.72b + L.T.Debt 2.94b))
RoIC = 6.64% (NOPAT 409.5m / Invested Capital 6.17b)
WACC = 6.12% (E(5.59b)/V(8.77b) * Re(7.49%) + D(3.18b)/V(8.77b) * Rd(3.84%) * (1-Tc(0.03)))
Discount Rate = 7.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.78 | Cagr: -2.83%
[DCF] Terminal Value 73.51% ; FCFF base≈270.1m ; Y1≈242.2m ; Y5≈204.7m
[DCF] Fair Price = 0.59 (EV 3.27b - Net Debt 3.15b = Equity 118.8m / Shares 203.1m; r=8.35% [WACC [floored]]; 5y FCF grow -12.69% → 2.50% )
EPS Correlation: 93.39 | EPS CAGR: 97.28% | SUE: -0.04 | # QB: 0
Revenue Correlation: 65.33 | Revenue CAGR: 1.24% | SUE: 0.45 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.12 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.13 | Chg30d=+13.04% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=0.36 | Chg30d=+9.01% | Revisions=+0% | GrowthEPS=-73.5% | GrowthRev=-4.9%
EPS next Year (2027-12-31): EPS=0.59 | Chg30d=+8.26% | Revisions=+33% | GrowthEPS=+32.6% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +33%