Kite Realty Group (KRG) AI Stock Analysis

• Market Cap: $5.03B
• Dividend Yield: 4.67%
• Average Volume (3M): 1.97M
• Price to Earnings (P/E): 29.1
• Beta (1Y): 0.69
• Revenue Growth: 4.03%
• EPS Growth: N/A
• Country: US
• Employees: 227
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.50
• Shares Outstanding: 219,858,200
• 10 Day Avg. Volume: 1,911,938
• 30 Day Avg. Volume: 1,965,953
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 9.47
• Enterprise Value/Gross Profit: 12.77
• Enterprise Value/Ebitda: 13.73
• 1Y Price Target: $26.17
• Price Target Upside: 13.14% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 68 Neutral
• Price Target: $24.00 ▲(3.76% Upside)

Kite Realty Group's overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting operational success and strategic growth. The valuation is balanced by a high P/E ratio and attractive dividend yield. Technical indicators suggest a neutral market trend, with no significant corporate events impacting the score.

Positive Factors

Strategic Partnerships

Expanding partnerships with major entities like GIC enhances KRG's market position and provides a robust platform for future growth and asset acquisition.

Leasing Activity

Securing high-profile tenants like Whole Foods and Trader Joe's strengthens KRG's tenant mix, driving foot traffic and ensuring stable long-term rental income.

Financial Guidance

Raising financial guidance reflects management's confidence in operational performance and strategic initiatives, indicating potential for sustained profitability.

Negative Factors

Free Cash Flow Decline

A significant decline in free cash flow growth could limit KRG's ability to invest in new projects or reduce debt, impacting long-term financial flexibility.

Impact of Bankruptcies

Bankruptcies among tenants can disrupt earnings and increase vacancy rates, posing a risk to revenue stability and requiring strategic tenant replacement.

Debt Levels

While manageable, maintaining high debt levels requires careful management to avoid financial strain, especially in a rising interest rate environment.

Kite Realty Group Business Overview & Revenue Model

Company Description

Kite Realty Group (KRG) is a real estate investment trust (REIT) specializing in the ownership, operation, and development of retail and mixed-use properties across the United States. The company focuses on acquiring and managing high-quality assets in key markets, providing a portfolio that includes shopping centers, lifestyle centers, and urban mixed-use developments. KRG aims to create value through strategic leasing and property management, enhancing the customer experience and driving foot traffic to its properties.

How the Company Makes Money

Kite Realty Group generates revenue primarily through leasing commercial space to retailers and other businesses within its properties. The company's revenue model includes rental income from long-term leases with tenants, which often include percentage rent agreements that allow KRG to earn additional income based on the sales performance of its tenants. Key revenue streams include base rent, common area maintenance fees, and other ancillary income from services provided to tenants. KRG also engages in property development and redevelopment, which can lead to increased asset value and higher future rental income. Additionally, strategic partnerships with retailers and local businesses enhance KRG's market presence and tenant mix, contributing to its overall earnings.

Kite Realty Group Financial Statement Overview

Summary

Kite Realty Group demonstrates solid financial health with consistent revenue growth, strong gross and EBITDA margins, and effective cash flow management. While leverage is moderate and capital structure is stable, the low ROE suggests room for improvement in profitability.

Income Statement

Kite Realty Group's revenue growth is consistent, with a TTM increase of 1.8% from the previous year, indicating stable market demand. The gross profit margin is robust at 62.6%, and the net profit margin has improved to 1.6% in the TTM, signaling better operational efficiency. However, the company's EBIT margin of 22.5% and EBITDA margin of 69.6% are strong, reflecting effective cost management and strong earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The debt-to-equity ratio stands at 0.89, indicating moderate leverage, which is typical for the REIT sector. The equity ratio is healthy at 48.9%, suggesting a stable capital structure. However, return on equity (ROE) is low at 0.4%, highlighting a need for improved profitability to enhance shareholder returns.

Cash Flow

Free cash flow has grown by 5.2% in the TTM, illustrating strong cash generation capabilities. The operating cash flow to net income ratio is high at 32.2, reflecting efficient conversion of operations into cash. The free cash flow to net income ratio is favorable at 21.4, indicating strong cash flow relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	857.13M	841.84M	823.00M	802.00M	373.32M	266.64M
Gross Profit	635.58M	624.35M	612.62M	590.19M	268.23M	189.77M
EBITDA	590.84M	528.23M	436.91M	535.83M	234.25M	164.36M
Net Income	172.60M	4.07M	47.50M	-12.64M	-80.81M	-16.02M
Balance Sheet
Total Assets	6.86B	7.09B	6.94B	7.34B	7.61B	2.61B
Cash, Cash Equivalents and Short-Term Investments	182.04M	478.06M	41.43M	121.97M	225.66M	43.65M
Total Debt	3.22B	3.23B	3.06B	3.27B	3.43B	1.23B
Total Liabilities	3.44B	3.68B	3.30B	3.52B	3.68B	1.38B
Stockholders Equity	3.32B	3.31B	3.57B	3.77B	3.92B	1.23B
Cash Flow
Free Cash Flow	149.52M	278.08M	252.07M	220.74M	43.04M	57.25M
Operating Cash Flow	223.34M	419.03M	394.65M	379.28M	100.35M	95.52M
Investing Cash Flow	-166.36M	-498.99M	-81.73M	-45.15M	-91.03M	-80.84M
Financing Cash Flow	-235.04M	172.09M	-393.46M	-312.53M	44.46M	-20.90M

Kite Realty Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.13
• 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 23.13 is above the 20-day moving average (MA) of 22.03, above the 50-day MA of 22.05, and above the 200-day MA of 21.83, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 66.69 is Neutral, neither overbought nor oversold. The STOCH value of 94.92 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
IVT	73 Outperform	$2.21B	19.96	6.67%	3.27%	8.63%	1412.68%
SKT	71 Outperform	$3.70B	36.97	16.78%	3.40%	10.59%	-1.83%
PECO	70 Outperform	$4.79B	65.71	3.01%	3.57%	10.31%	14.39%
KRG	68 Neutral	$5.03B	29.14	5.53%	4.67%	4.03%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MAC	51 Neutral	$4.60B	―	-19.00%	3.81%	4.53%	40.88%
WHLR	47 Neutral	$4.06M	―	8.94%	―	0.14%	99.35%

Kite Realty Group Corporate Events

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.

The most recent analyst rating on (KRG) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on Kite Realty Group stock, see the KRG Stock Forecast page.

Kite Realty Group Trust’s Strong Leasing and Strategic Moves Highlighted in Earnings Call

Kite Realty Group Trust’s recent earnings call painted a picture of robust performance, tempered by some challenges. The sentiment was largely positive, underscored by strong leasing activities and strategic financial maneuvers. However, the company also acknowledged hurdles such as recent bankruptcies and temporary disruptions impacting earnings.

Kite Realty Group Reports Strong Q2 2025 Results

Kite Realty Group Trust is a real estate investment trust (REIT) that specializes in owning and operating open-air shopping centers and mixed-use assets, primarily focusing on grocery-anchored properties in high-growth markets. The company has a strong presence in the Sun Belt and strategic gateway markets, leveraging over 60 years of experience in real estate development and management.

Kite Realty Group Highlights Strong Q2 2025 Performance

Kite Realty Group Trust announced its intention to distribute materials to analysts and investors, highlighting its strong operating margins and strategic market presence. The company reported a robust leasing volume in Q2 2025, with significant growth in same property NOI and a notable increase in its signed-not-open pipeline, indicating potential future revenue growth.

The most recent analyst rating on (KRG) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Kite Realty Group stock, see the KRG Stock Forecast page.

Kite Realty Group Amends Credit and Loan Agreements

On July 28, 2025, Kite Realty Group Trust and its operating partnership entered into amendments to their existing credit and term loan agreements with KeyBank. These amendments include the elimination of the 0.10% SOFR spread adjustment and a reduction in the interest rate margin for their $300 million term loan, which could potentially lower borrowing costs and improve financial flexibility for the company.

The most recent analyst rating on (KRG) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on Kite Realty Group stock, see the KRG Stock Forecast page.