Kite Realty Group (KRG) AI Stock Analysis

• Market Cap: $5.18B
• Dividend Yield: 4.52%
• Average Volume (3M): 1.84M
• Price to Earnings (P/E): 211.2
• Beta (1Y): 0.57
• Revenue Growth: 3.67%
• EPS Growth: N/A
• Country: US
• Employees: 227
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): -0.07
• Shares Outstanding: 216,505,970
• 10 Day Avg. Volume: 2,423,868
• 30 Day Avg. Volume: 1,844,503
• PEG Ratio: -14.87
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 6.58
• P/FCF Ratio: 19.93
• Enterprise Value/Market Cap: 1.55
• Enterprise Value/Revenue: 9.40
• Enterprise Value/Gross Profit: 12.70
• Enterprise Value/Ebitda: 12.18
• 1Y Price Target: $25.83
• Price Target Upside: 8.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 0.63
• Revenue Forecast (FY): $846.84M

• Rating: 61 Neutral
• Price Target: $23.50 ▼(-1.01% Downside)

Kite Realty Group's overall score reflects strong operational efficiency and strategic initiatives highlighted in the earnings call. However, concerns about revenue growth consistency, high leverage, and overvaluation weigh on the score. The company's efforts in portfolio optimization and shareholder value enhancement are positive, but market risks and valuation concerns remain significant.

Positive Factors

Strong Leasing Activity

High leasing activity indicates strong demand for KRG's properties, contributing to stable revenue streams and long-term tenant relationships.

Portfolio Optimization

Active portfolio optimization through asset sales and capital recycling enhances strategic focus and financial flexibility, supporting sustainable growth.

Dividend Increase

Raising dividends reflects strong cash flow and commitment to shareholder returns, enhancing investor confidence and long-term value.

Negative Factors

Inconsistent Revenue Growth

Inconsistent revenue growth poses risks to long-term profitability and stability, requiring strategic adjustments to stabilize and enhance income.

High Leverage

High leverage can limit financial flexibility and increase risk, especially if revenue growth does not stabilize, impacting long-term sustainability.

Impairments

Significant impairments indicate potential overvaluation of assets and can impact financial performance, requiring careful management to mitigate risks.

Kite Realty Group Business Overview & Revenue Model

Company Description

Kite Realty Group (KRG) is a real estate investment trust (REIT) that focuses on the ownership, operation, and development of retail and mixed-use properties across the United States. The company primarily invests in grocery-anchored shopping centers and urban retail properties, catering to a diverse range of tenants and consumers. KRG aims to create value through its strategic acquisition and management of properties, enhancing the shopping experience for customers and ensuring sustainable growth for its tenants.

How the Company Makes Money

Kite Realty Group generates revenue primarily through rental income from its portfolio of retail and mixed-use properties. The company leases space to a diverse array of tenants, including national and regional retailers, which provides a stable and recurring income stream. Additionally, KRG may earn revenue through property management services and development activities. The company’s revenue model is bolstered by long-term lease agreements that often include rent escalations, ensuring a steady increase in income over time. Partnerships with retail tenants, local communities, and various stakeholders also contribute to its earnings, as the company focuses on enhancing tenant relationships and community engagement to drive foot traffic and sales at its properties.

Kite Realty Group Financial Statement Overview

Summary

Kite Realty Group demonstrates strong profitability and stable growth in its income statement, supported by efficient cost management and improved margins. The balance sheet reflects a balanced leverage position with a focus on maintaining a solid capital structure. Cash flow generation is robust, but the decline in free cash flow growth is a concern. Overall, the company is in a strong financial position, with potential risks related to leverage and cash flow growth that need monitoring.

Income Statement

Kite Realty Group shows a strong gross profit margin of 74.15% TTM, indicating efficient cost management. The net profit margin improved significantly to 20.14% TTM from a low of 0.48% in 2024, demonstrating enhanced profitability. Revenue growth is steady at 2.8% TTM, showing consistent expansion. EBIT and EBITDA margins are robust at 23.26% and 68.93% TTM, respectively, reflecting strong operational performance. Overall, the income statement reflects a solid financial position with improving profitability and stable growth.

Balance Sheet

The debt-to-equity ratio stands at 0.97 TTM, indicating a balanced leverage position. Return on equity has improved to 5.21% TTM, showcasing better utilization of equity to generate profits. The equity ratio is stable, reflecting a solid capital structure. However, the relatively high debt level poses a potential risk if not managed carefully. Overall, the balance sheet indicates a stable financial structure with a focus on maintaining leverage within reasonable limits.

Cash Flow

Operating cash flow to net income ratio is healthy at 1.01 TTM, indicating strong cash generation relative to net income. However, free cash flow growth has declined by 48.86% TTM, which could impact future investments and debt repayments. The free cash flow to net income ratio is strong at 0.67 TTM, suggesting efficient cash flow management. While cash flow generation remains solid, the decline in free cash flow growth warrants attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	854.93M	841.84M	823.00M	802.00M	373.32M	266.64M
Gross Profit	632.75M	624.35M	612.62M	590.19M	268.23M	189.77M
EBITDA	659.79M	528.23M	436.91M	565.13M	181.56M	164.36M
Net Income	139.66M	4.07M	47.50M	-12.64M	-80.81M	-16.22M
Balance Sheet
Total Assets	6.65B	7.09B	6.94B	7.34B	7.64B	2.61B
Cash, Cash Equivalents and Short-Term Investments	68.74M	478.06M	36.41M	121.97M	218.24M	43.65M
Total Debt	3.13B	3.23B	3.06B	3.27B	3.43B	1.24B
Total Liabilities	3.37B	3.68B	3.30B	3.52B	3.66B	1.33B
Stockholders Equity	3.17B	3.31B	3.57B	3.77B	3.92B	1.23B
Cash Flow
Free Cash Flow	280.97M	278.08M	252.07M	220.74M	43.04M	57.25M
Operating Cash Flow	434.05M	419.03M	394.65M	379.28M	100.35M	95.52M
Investing Cash Flow	150.28M	-498.99M	-81.73M	-45.15M	-91.03M	-80.84M
Financing Cash Flow	-615.12M	172.09M	-393.46M	-312.53M	44.46M	-20.90M

Kite Realty Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KRG, the sentiment is Positive. The current price of 23.74 is above the 20-day moving average (MA) of 23.13, above the 50-day MA of 22.70, and above the 200-day MA of 21.96, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 62.27 is Neutral, neither overbought nor oversold. The STOCH value of 87.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KRG.

Kite Realty Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PECO	75 Outperform	$4.95B	58.33	3.62%	3.51%	10.58%	37.97%
IVT	73 Outperform	$2.22B	18.84	6.65%	3.26%	9.40%	1433.20%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SKT	65 Neutral	$3.95B	36.30	16.81%	3.36%	9.59%	8.34%
KRG	61 Neutral	$5.18B	211.21	4.71%	4.52%	3.67%	―
MAC	55 Neutral	$4.98B	-81.54	-18.43%	3.64%	8.06%	74.26%
WHLR	49 Neutral	$4.04M	―	116.25%	―	-1.01%	504.95%

Kite Realty Group Corporate Events

Kite Realty Group Appoints Interim Chief Accounting Officer

On September 29, 2025, Kite Realty Group Trust announced that Dave Buell would resign from his position as Senior Vice President and Chief Accounting Officer, effective November 21, 2025. Following his departure, Joseph Schmid, who joined the company in October 2025 and previously worked as an Audit & Assurance Senior Manager at Deloitte, assumed the role of interim principal accounting officer and interim Chief Accounting Officer.

Kite Realty Group Highlights Q3 2025 Leasing Success

Kite Realty Group Trust announced its intention to distribute materials to analysts and investors, highlighting its strong performance in the open-air retail sector. The company reported significant leasing volume in Q3 2025, with a notable increase in cash leasing spreads and occupancy rates. Despite potential economic and market risks, Kite Realty maintains a strong investment-grade balance sheet and substantial liquidity, positioning it well for future growth.

Kite Realty Group’s SVP Dave Buell Resigns

On September 24, 2025, Dave Buell, the Senior Vice President and Chief Accounting Officer of Kite Realty Group Trust, announced his resignation effective November 21, 2025. His departure is not due to any disagreements with the company’s policies or accounting matters, suggesting a smooth transition for the company.