Overview Dividends

(KRG) Kite Realty Trust - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US49803T3005

Open-Air Centers, Grocery-Anchored Centers, Mixed-Use Assets

KRG EPS (Earnings per Share)

EPS Growth (3Y CAGR): 415.68%
EPS Trend (3Y Correlation): 67.3%

KRG Revenue

Revenue Growth (3Y CAGR): 2.33%
Revenue Trend (3Y Correlation): 79.5%

Description: KRG Kite Realty Trust

Kite Realty Group Trust (NYSE:KRG) is a real estate investment trust (REIT) specializing in open-air shopping centers and mixed-use assets, primarily anchored by grocery stores in high-growth Sun Belt and strategic gateway markets. The companys diversified portfolio provides a platform for retailers and consumers alike, leveraging over 60 years of experience in real estate development, construction, and operations.

As a premier owner and operator, KRGs portfolio comprises 180 properties, totaling approximately 27.8 million square feet of gross leasable space as of March 31, 2025. The companys focus on necessity-based grocery-anchored centers and vibrant mixed-use assets enables it to optimize its portfolio and maximize shareholder value through operational, investment, development, and redevelopment expertise.

From a performance perspective, key metrics to consider include the companys Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) per share, which are crucial in evaluating REIT performance. KRGs debt-to-equity ratio and interest coverage ratio are also important indicators of its financial health and ability to service its debt. Additionally, the companys occupancy rates and same-store sales growth are key drivers of its revenue and profitability.

To further analyze KRGs potential, its essential to examine its dividend yield, payout ratio, and dividend growth rate, which can indicate the sustainability of its dividend payments. Moreover, the companys growth prospects can be assessed by evaluating its development pipeline, redevelopment projects, and strategic acquisitions, which can drive future earnings growth and increase shareholder value.

KRG Stock Overview

Market Cap in USD	5,128m
Sub-Industry	Retail REITs
IPO / Inception	2004-08-11

KRG Stock Ratings

Growth Rating	15.5%
Fundamental	59.0%
Dividend Rating	92.5%
Return 12m vs S&P 500	-27.0%
Analyst Rating	3.91 of 5

KRG Dividends

Dividend Yield 12m	6.01%
Yield on Cost 5y	14.41%
Annual Growth 5y	17.55%
Payout Consistency	90.3%
Payout Ratio	137.2%

KRG Growth Ratios

Growth Correlation 3m	0.8%
Growth Correlation 12m	-60.7%
Growth Correlation 5y	88.9%
CAGR 5y	10.80%
CAGR/Max DD 3y	0.37
CAGR/Mean DD 3y	1.32
Sharpe Ratio 12m	-0.17
Alpha	0.00
Beta	0.944
Volatility	22.78%
Current Volume	2155.8k
Average Volume 20d	1751k
Stop Loss	21.3 (-3.3%)
Signal	-0.99

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (172.6m TTM) > 0 and > 6% of Revenue (6% = 51.4m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA -1.69pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 21.07% (prev 29.60%; Δ -8.53pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 430.2m > Net Income 172.6m (YES >=105%, WARN >=100%)

Net Debt (3.03b) to EBITDA (590.8m) ratio: 5.13 <= 3.0 (WARN <= 3.5)

Current Ratio 1.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (219.9m) change vs 12m ago 0.12% (target <= -2.0% for YES)

Gross Margin 74.22% (prev 75.27%; Δ -1.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 12.41% (prev 11.94%; Δ 0.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.52 (EBITDA TTM 590.8m / Interest Expense TTM 131.4m) >= 6 (WARN >= 3)

Altman Z'' -0.86

(A) 0.03 = (Total Current Assets 400.8m - Total Current Liabilities 220.2m) / Total Assets 6.86b

(B) -0.23 = Retained Earnings (Balance) -1.58b / Total Assets 6.86b

(D) -0.45 = Book Value of Equity -1.55b / Total Liabilities 3.44b

Total Rating: -0.86 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 58.96

1. Piotroski 3.50pt = -1.50

2. FCF Yield 1.88% = 0.94

3. FCF Margin 17.44% = 4.36

4. Debt/Equity 0.91 = 2.10

5. Debt/Ebitda 5.12 = -2.50

6. ROIC - WACC (= -3.36)% = -4.20

7. RoE 5.21% = 0.43

8. Rev. Trend 79.53% = 5.96

9. EPS Trend 67.27% = 3.36

What is the price of KRG shares?

As of September 18, 2025, the stock is trading at USD 22.03 with a total of 2,155,800 shares traded.
Over the past week, the price has changed by -2.48%, over one month by +2.90%, over three months by -0.14% and over the past year by -13.42%.

Is Kite Realty Trust a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Kite Realty Trust is currently (September 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 58.96 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of KRG is around 22.79 USD . This means that KRG is currently overvalued and has a potential downside of 3.45%.

Is KRG a buy, sell or hold?

Kite Realty Trust has received a consensus analysts rating of 3.91. Therefore, it is recommended to buy KRG.

Strong Buy: 5
Buy: 0
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the KRG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	25.9	17.6%
Analysts Target Price	25.9	17.6%
ValueRay Target Price	24.9	13.2%

Last update: 2025-09-09 04:41

KRG Fundamental Data Overview

Market Cap USD = 5.13b (5.13b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 182.0m USD (last quarter)
P/E Trailing = 28.8861
P/E Forward = 64.5161
P/S = 5.9826
P/B = 1.5414
Beta = 1.139
Revenue TTM = 857.1m USD
EBIT TTM = 199.4m USD
EBITDA TTM = 590.8m USD
Long Term Debt = 3.02b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (0.0)
Debt = 3.02b USD (Calculated: Short Term 0.0 + Long Term 3.02b)
Net Debt = 3.03b USD (from netDebt column, last quarter)
Enterprise Value = 7.97b USD (5.13b + Debt 3.02b - CCE 182.0m)
Interest Coverage Ratio = 1.52 (Ebit TTM 199.4m / Interest Expense TTM 131.4m)
FCF Yield = 1.88% (FCF TTM 149.5m / Enterprise Value 7.97b)
FCF Margin = 17.44% (FCF TTM 149.5m / Revenue TTM 857.1m)
Net Margin = 20.14% (Net Income TTM 172.6m / Revenue TTM 857.1m)
Gross Margin = 74.22% ((Revenue TTM 857.1m - Cost of Revenue TTM 220.9m) / Revenue TTM)
Tobins Q-Ratio = -5.14 (set to none) (Enterprise Value 7.97b / Book Value Of Equity -1.55b)
Interest Expense / Debt = 1.13% (Interest Expense 34.1m / Debt 3.02b)
Taxrate = 3.05% (139.0k / 4.55m)
NOPAT = 193.3m (EBIT 199.4m * (1 - 3.05%))
Current Ratio = 1.82 (Total Current Assets 400.8m / Total Current Liabilities 220.2m)
Debt / Equity = 0.91 (Debt 3.02b / last Quarter total Stockholder Equity 3.32b)
Debt / EBITDA = 5.12 (Net Debt 3.03b / EBITDA 590.8m)
Debt / FCF = 20.21 (Debt 3.02b / FCF TTM 149.5m)
Total Stockholder Equity = 3.31b (last 4 quarters mean)
RoA = 2.52% (Net Income 172.6m, Total Assets 6.86b )
RoE = 5.21% (Net Income TTM 172.6m / Total Stockholder Equity 3.31b)
RoCE = 3.15% (Ebit 199.4m / (Equity 3.31b + L.T.Debt 3.02b))
RoIC = 3.01% (NOPAT 193.3m / Invested Capital 6.41b)
WACC = 6.38% (E(5.13b)/V(8.15b) * Re(9.49%)) + (D(3.02b)/V(8.15b) * Rd(1.13%) * (1-Tc(0.03)))
Shares Correlation 3-Years: 15.15 | Cagr: 0.03%
Discount Rate = 9.49% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 75.19% ; FCFE base≈197.5m ; Y1≈223.8m ; Y5≈304.6m
Fair Price DCF = 18.58 (DCF Value 4.09b / Shares Outstanding 219.9m; 5y FCF grow 15.45% → 3.0% )
EPS Correlation: 67.27 | EPS CAGR: 415.7% | SUE: 4.0 | # QB: 1
Revenue Correlation: 79.53 | Revenue CAGR: 2.33% | SUE: N/A | # QB: None

Additional Sources for KRG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle