KRG Stock Analysis: Kite Realty Trust | NYSE
REIT - Retail | NYSE, USA | Market Cap: 4.941m USD | 12M Return: 14.6% | US49803T3005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 51.1M
EPS Trend: 78.7%
Qual. Beats: 0
Rev. Trend: 19.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kite Realty Group Trust (NYSE: KRG) is a retail-focused real estate investment trust (REIT) that owns and operates open-air shopping centers and mixed-use destinations, with its portfolio concentrated in high-growth Sun Belt markets and select strategic gateway markets. The Company has been publicly listed since 2004 and brings more than six decades of experience in developing, operating, and investing in real estate. As of June 30, 2026, KRG owned interests in 165 U.S. open-air shopping centers and mixed-use assets, comprising approximately 26.4 million square feet of gross leasable space. The Company was incorporated in 1971 in Maryland and is headquartered in Indianapolis.
As a Retail REIT within the Real Estate sector, KRG generates the bulk of its revenue from rental income collected from tenants leasing space in its shopping centers. REITs are generally required to distribute at least 90% of their taxable income to shareholders in the form of dividends, making them income-oriented investments. Open-air shopping centers, which dominate KRGs portfolio, typically feature unanchored or grocery-anchored layouts that rely on foot traffic from surrounding retail and service tenants.
- Sun Belt migration lifts shopping center occupancy
- Federal Reserve rate cuts reduce REIT borrowing costs
- Same-store NOI growth accelerates on positive leasing spreads
| Net Income: 337.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.17 > 1.0 |
| NWC/Revenue: 4.79% < 20% (prev 21.07%; Δ -16.29% < -1%) |
| CFO/TA 0.06 > 3% & CFO 399.3m > Net Income 337.3m |
| Net Debt (3.46b) to EBITDA (822.5m): 4.21 < 3 |
| Current Ratio: 1.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (204.7m) vs 12m ago -6.93% < -2% |
| Gross Margin: 51.57% > 18% (prev 74.22%; Δ -22.66% > 0.5%) |
| Asset Turnover: 12.33% > 50% (prev 12.50%; Δ -0.16% > 0%) |
| Interest Coverage Ratio: 1.39 > 6 (EBIT TTM 474.1m / Interest Expense TTM 341.3m) |
| A: 0.01 (Total Current Assets 451.3m - Total Current Liabilities 412.5m) / Total Assets 6.27b |
| B: -0.24 (Retained Earnings -1.51b / Total Assets 6.27b) |
| C: 0.07 (EBIT TTM 474.1m / Avg Total Assets 6.56b) |
| D: 0.88 (Book Value of Equity 2.87b / Total Liabilities 3.25b) |
| Altman-Z'' = 0.67 = B |
| DSRI: 1.10 (Receivables 129.9m/125.3m, Revenue 809.4m/857.1m) |
| GMI: 1.44 (GM 74.22% / 51.57%) |
| AQI: 1.27 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 0.94 (Revenue 809.4m / 857.1m) |
| TATA: -0.01 (NI 337.3m - CFO 399.3m) / TA 6.27b) |
| Beneish M = -2.43 (Cap -4..+1) = BBB |
As of October 12, 2026, the stock is trading at USD 23.91 with a total of 1,916,716 shares traded. Over the past week, the price has changed by -0.77%, over one month by -7.02%, over three months by -14.12% and over the past year by +14.58%.
Current recommended Stop Loss: 23.30 (which is 2.6% or 1.4 ATR below the current price).
Kite Realty Trust has received a consensus analysts rating of 3.45. Therefore, it is recommended to hold KRG.
- StrongBuy: 3
- Buy: 0
- Hold: 7
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 30.4 | 27.1% |
P/E Trailing = 15.05
P/E Forward = 42.5532
P/S = 6.124
P/B = 1.752
P/EG = 3.1351
Revenue TTM = 809.4m USD
EBIT TTM = 474.1m USD
EBITDA TTM = 822.5m USD
Long Term Debt = 2.84b USD (from longTermDebt, last quarter)
Short Term Debt = 412.5m USD (from shortTermDebt, last quarter)
Debt = 3.61b USD (from shortLongTermDebtTotal, last quarter) + Leases 188.3m
Net Debt = 3.46b USD (calculated: Debt 3.61b - CCE 144.6m)
Enterprise Value = 8.41b USD (4.94b + Debt 3.61b - CCE 144.6m)
Interest Coverage Ratio = 1.39 (Ebit TTM 474.1m / Interest Expense TTM 341.3m)
EV/FCF = 32.29x (Enterprise Value 8.41b / FCF TTM 260.3m)
FCF Yield = 3.10% (FCF TTM 260.3m / Enterprise Value 8.41b)
FCF Margin = 32.16% (FCF TTM 260.3m / Revenue TTM 809.4m)
Net Margin = 41.67% (Net Income TTM 337.3m / Revenue TTM 809.4m)
Gross Margin = 51.57% ((Revenue TTM 809.4m - Cost of Revenue TTM 392.0m) / Revenue TTM)
Gross Margin QoQ = 73.01% (prev 72.13%)
Tobins Q-Ratio = 1.34 (Enterprise Value 8.41b / Total Assets 6.27b)
Interest Expense / Debt = 9.46% (Interest Expense 341.3m / Debt 3.61b)
Taxrate = 0.31% (1.08m / 347.0m)
NOPAT = 472.6m (EBIT 474.1m * (1 - 0.31%))
Current Ratio = 1.09 (Total Current Assets 451.3m / Total Current Liabilities 412.5m)
Debt / Equity = 1.26 (Debt 3.61b / totalStockholderEquity, last quarter 2.87b)
Debt / EBITDA = 4.21 (Net Debt 3.46b / EBITDA 822.5m)
Debt / FCF = 13.31 (Net Debt 3.46b / FCF TTM 260.3m)
Total Stockholder Equity = 2.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.14% (Net Income 337.3m / Total Assets 6.27b)
RoE = 11.27% (Net Income TTM 337.3m / Total Stockholder Equity 2.99b)
RoCE = 8.12% (EBIT 474.1m / Capital Employed (Equity 2.99b + L.T.Debt 2.84b))
RoIC = 7.59% (NOPAT 472.6m / Invested Capital 6.23b)
WACC = 7.61% (E(4.94b)/V(8.55b) * Re(6.29%) + D(3.61b)/V(8.55b) * Rd(9.46%) * (1-Tc(0.00)))
Discount Rate = 6.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -78.69 | Cagr: -3.14%
[DCF] Terminal Value 74.78% ; FCFF base≈265.4m ; Y1≈256.1m ; Y5≈250.4m
[DCF] Fair Price = 2.31 (EV 3.93b - Net Debt 3.46b = Equity 463.7m / Shares 200.3m; r=8.35% [WACC [floored]]; 5y FCF grow -4.69% → 2.50% )
EPS Correlation: 78.67 | EPS CAGR: 65.79% | SUE: 0.0 | # QB: 0
Revenue Correlation: 19.10 | Revenue CAGR: 0.40% | SUE: -0.07 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.08 | Chg30d=-14.26% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.99 | Chg30d=-1.81% | Revisions=+40% | GrowthEPS=-27.7% | GrowthRev=-6.8%
EPS next Year (2027-12-31): EPS=0.34 | Chg30d=-19.68% | Revisions=+25% | GrowthEPS=+32.6% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: +29% (up=3, down=1)