Kite Realty Group (KRG) AI Stock Analysis

• Market Cap: $4.83B
• Dividend Yield: 4.85%
• Average Volume (3M): 1.87M
• Price to Earnings (P/E): 35.1
• Beta (1Y): 0.60
• 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: 1,959,977
• 30 Day Avg. Volume: 1,869,045
• 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: 1.66
• Enterprise Value/Revenue: 9.40
• Enterprise Value/Gross Profit: 12.70
• Enterprise Value/Ebitda: 11.64
• 1Y Price Target: $25.83
• Price Target Upside: 15.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 0.69
• Revenue Forecast (FY): $851.90M

• Rating: 69 Neutral
• Price Target: $24.00 ▲(7.62% Upside)

Kite Realty Group's overall stock score is driven by strong earnings call performance and strategic initiatives, including increased guidance and share repurchases. Financial performance is solid, with robust profitability and stable growth, though concerns about leverage and cash flow growth persist. Technical analysis suggests caution due to bearish trends, while valuation indicates potential overvaluation despite an attractive dividend yield.

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 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	690.05M	528.23M	436.91M	535.83M	234.25M	164.36M
Net Income	139.66M	4.07M	47.50M	-12.64M	-80.81M	-16.02M
Balance Sheet
Total Assets	6.65B	7.09B	6.94B	7.34B	7.61B	2.61B
Cash, Cash Equivalents and Short-Term Investments	128.26M	478.06M	41.43M	121.97M	225.66M	43.65M
Total Debt	0.00	3.30B	3.06B	3.27B	3.43B	1.23B
Total Liabilities	3.37B	3.68B	3.30B	3.52B	3.68B	1.38B
Stockholders Equity	3.17B	3.31B	3.57B	3.77B	3.92B	1.23B
Cash Flow
Free Cash Flow	-134.95M	278.08M	252.07M	220.74M	43.04M	57.25M
Operating Cash Flow	110.98M	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: 22.30
• 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 22.3 is below the 20-day moving average (MA) of 22.45, above the 50-day MA of 22.20, and above the 200-day MA of 21.82, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 56.12 is Neutral, neither overbought nor oversold. The STOCH value of 81.05 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	72 Outperform	$4.84B	57.26	3.62%	3.56%	10.58%	37.97%
SKT	71 Outperform	$3.94B	36.50	16.81%	3.32%	9.59%	8.34%
KRG	69 Neutral	$4.83B	35.13	4.71%	4.85%	3.67%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
IVT	65 Neutral	$2.11B	17.98	6.65%	3.45%	9.40%	1433.20%
MAC	52 Neutral	$4.77B	―	-18.43%	4.02%	8.06%	74.26%
WHLR	47 Neutral	$3.20M	―	116.25%	―	-1.01%	504.95%

Kite Realty Group Corporate Events

Kite Realty Group Trust Reports Q3 2025 Results

Kite Realty Group Trust, a real estate investment trust (REIT), specializes in owning and managing open-air shopping centers and mixed-use assets, primarily grocery-anchored, located in high-growth markets across the U.S., particularly in the Sun Belt region.

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.

The most recent analyst rating on (KRG) stock is a Buy 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’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.