Kite Realty Group (KRG) AI Stock Analysis

• Market Cap: $4.98B
• Dividend Yield: 4.81%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): 367.7
• Beta (1Y): 0.72
• Revenue Growth: 4.37%
• EPS Growth: -75.82%
• Country: US
• Employees: 227
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Retail
• EPS (TTM): 0.11
• Shares Outstanding: 219,812,300
• 10 Day Avg. Volume: 1,625,898
• 30 Day Avg. Volume: 1,461,137
• PEG Ratio: 31.05
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.36
• Enterprise Value/Market Cap: 0.55
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 5.13
• Enterprise Value/Ebitda: 1.23
• 1Y Price Target: $25.81
• Price Target Upside: 16.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 69 Neutral
• Price Target: $24.50 ▲(10.26%Upside)

Kite Realty Group's overall score is driven by strong financial performance and strategic earnings call outcomes, supported by effective debt management highlighted in corporate events. However, technical analysis shows mixed signals, and valuation concerns due to a high P/E ratio limit the score. The attractive dividend yield and strategic acquisitions provide a balanced view for potential investors.

Positive Factors

Financial Performance

KRG reported 4Q24 FFO/sh of $0.53, $0.02 ahead of analyst estimate.

Leasing Activity

Leasing volume remains elevated, with a leased rate 160 basis points higher year-over-year.

Negative Factors

Bankruptcies

Recent anchor bankruptcies are driving the lower expectations for 2025.

Future Guidance

Management's initial guidance for 2025 is below analyst and Street expectations.

Kite Realty Group Business Overview & Revenue Model

Company Description

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.

How the Company Makes Money

Kite Realty Group Trust generates revenue primarily through the leasing of its retail properties to a diverse mix of tenants, including national and regional retailers, restaurants, and service providers. The company's revenue model is based on collecting rental income from long-term lease agreements, which often include fixed base rents and variable rents based on a percentage of tenant sales. Additionally, KRG may earn revenue from property management fees and development activities. Strategic acquisitions and redevelopments also contribute to revenue growth, enabling the company to enhance its property portfolio and increase occupancy rates. Partnerships with tenants and local communities play a significant role in maintaining high occupancy levels and ensuring a steady income stream.

Kite Realty Group Financial Statement Overview

Summary

Kite Realty Group exhibits solid financial health with consistent revenue growth, strong gross and EBITDA margins, and effective cash flow management. However, 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	856.88M	841.84M	823.00M	802.00M	373.32M	266.64M
Gross Profit	536.52M	624.35M	612.62M	590.19M	268.23M	189.77M
EBITDA	590.78M	528.23M	556.48M	535.83M	178.94M	164.36M
Net Income	13.64M	4.07M	47.50M	-12.15M	-81.72M	-16.12M
Balance Sheet
Total Assets	2.76B	7.09B	6.94B	7.34B	7.61B	2.61B
Cash, Cash Equivalents and Short-Term Investments	228.84M	478.06M	36.41M	115.80M	218.24M	43.65M
Total Debt	1.32B	3.23B	3.06B	3.01B	3.15B	1.17B
Total Liabilities	1.52B	3.68B	3.30B	3.52B	3.68B	1.38B
Stockholders Equity	1.23B	3.31B	3.57B	3.77B	3.92B	1.23B
Cash Flow
Free Cash Flow	292.39M	278.08M	252.07M	220.74M	43.04M	57.25M
Operating Cash Flow	439.51M	419.03M	394.65M	379.28M	100.35M	95.52M
Investing Cash Flow	18.18M	-498.99M	-81.73M	-45.15M	-91.03M	-80.84M
Financing Cash Flow	-491.52M	172.09M	-393.46M	-312.53M	44.46M	-20.90M

Kite Realty Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 22.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KRG, the sentiment is Neutral. The current price of 22.22 is below the 20-day moving average (MA) of 22.36, above the 50-day MA of 22.14, and below the 200-day MA of 23.20, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 49.03 is Neutral, neither overbought nor oversold. The STOCH value of 2.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for KRG.

Kite Realty Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REG	76 Outperform	$12.77B	32.98	5.83%	4.05%	7.39%	3.41%
NNN	76 Outperform	$8.15B	20.16	9.35%	5.37%	5.40%	-1.33%
FRT	71 Outperform	$8.18B	27.02	9.85%	4.67%	6.07%	24.23%
BRX	71 Outperform	$7.81B	24.35	10.99%	4.51%	4.58%	12.65%
PECO	70 Outperform	$4.83B	62.39	3.09%	3.58%	9.27%	19.51%
KRG	69 Neutral	$4.98B	367.69	0.81%	4.81%	4.37%	-75.82%
Sector *	59 Neutral	C$1.24B	-0.04	-8.19%	5.03%	10.83%	-22.67%

Kite Realty Group Corporate Events

Kite Realty Group Completes $300M Senior Notes Offering

On June 27, 2025, Kite Realty Group, L.P. completed a $300 million offering of 5.200% Senior Notes due 2032. The proceeds from the offering will be used to repay existing debts, including a $150 million unsecured term loan and $80 million in Senior Notes, as well as to reduce borrowings under its revolving credit facility. This strategic financial move is expected to strengthen Kite Realty Group’s financial position by optimizing its debt structure and providing funds for general corporate purposes.

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 Holds Annual Shareholder Meeting

On May 16, 2025, Kite Realty Group Trust held its annual meeting of shareholders, where 11 nominees were elected to the Board of Trustees for one-year terms. Shareholders also approved executive officer compensation and ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

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 Highlights Strong Financial Performance

Kite Realty Group Trust has released materials for analysts and institutional investors, highlighting its financial performance and strategic initiatives as of April 28, 2025. The company reported strong leasing activity and year-over-year growth, despite challenges such as anchor bankruptcies and economic uncertainties. The signed-not-open pipeline increased to $27.5 million, with a significant portion expected to come online in 2025. The company maintains a low leverage position and is well-positioned in the competitive real estate market, focusing on maintaining its REIT status and managing risks associated with its geographical concentration and market conditions.