Kite Realty Group Trust (NYSE:KRG)

Kite Realty Group Trust KRG

Real Estate - REIT - Retail - NYSE - US

Watchlist

$ 26.69

-0.559 %

$ 5.86 B

Market Cap

-667.25

P/E

1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one KRG stock under the base case scenario is HIDDEN Compared to the current market price of 26.7 USD, Kite Realty Group Trust is HIDDEN

KRG Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart KRG

FINANCIALS

Annual
Quarterly

823 M REVENUE

Growth Rates

1Year 2.62%

3Years 45.60%

5Years 18.37%

7Years 12.80%

10Years 20.31%

130 M OPERATING INCOME

Growth Rates

1Year 97.08%

3Years 54.90%

5Years 43.98%

7Years 10.32%

10Years 16.78%

47.5 M NET INCOME

Growth Rates

1Year 490.80%

3Years 70.38%

5Years 24.76%

7Years 47.57%

10Years 31.48%

395 M OPERATING CASH FLOW

Growth Rates

1Year 4.05%

3Years 60.46%

5Years 20.65%

7Years 14.29%

10Years 22.44%

-81.7 M INVESTING CASH FLOW

Growth Rates

1Year -81.03%

3Years -0.37%

5Years -9.17%

7Years 0.16%

10Years 16.81%

-393 M FINANCING CASH FLOW

Growth Rates

1Year -25.90%

3Years -166.01%

5Years -6.34%

7Years -24.21%

10Years -6.29%

207 M REVENUE

Growth Rates

1Year 2.62%

3Years 45.60%

5Years 18.37%

7Years 12.80%

10Years 20.31%

45 M OPERATING INCOME

Growth Rates

1Year 97.08%

3Years 54.90%

5Years 43.98%

7Years 10.32%

10Years 16.78%

16.7 M NET INCOME

Growth Rates

1Year 490.80%

3Years 70.38%

5Years 24.76%

7Years 47.57%

10Years 31.48%

111 M OPERATING CASH FLOW

Growth Rates

1Year 4.05%

3Years 60.46%

5Years 20.65%

7Years 14.29%

10Years 22.44%

-315 M INVESTING CASH FLOW

Growth Rates

1Year -81.03%

3Years -0.37%

5Years -9.17%

7Years 0.16%

10Years 16.81%

167 M FINANCING CASH FLOW

Growth Rates

1Year -25.90%

3Years -166.01%

5Years -6.34%

7Years -24.21%

10Years -6.29%

Balance Sheet Decomposition Kite Realty Group Trust

6.94 B ASSETS
3.3 B LIABILITIES

Current Assets	273 M
Cash & Short-Term Investments	41.4 M
Receivables	113 M
Other Current Assets	118 M
Non-Current Assets	6.67 B
Long-Term Investments	32.1 M
PP&E	0
Other Non-Current Assets	6.64 B

Current Liabilities	273 M
Accounts Payable	207 M
Short-Term Debt	0
Other Current Liabilities	65.6 M
Non-Current Liabilities	3.03 B
Long-Term Debt	3.06 B
Other Non-Current Liabilities	-30.3 M

EFFICIENCY

Earnings Waterfall Kite Realty Group Trust

Revenue	823 M
Cost Of Revenue	637 M
Gross Profit	186 M
Operating Expenses	460 M
Operating Income	130 M
Other Expenses	82.6 M
Net Income	47.5 M

RATIOS

22.63% GROSS MARGIN

Averages

1Year 22.63%

3Years 56.02%

5Years 62.50%

7Years 65.77%

10Years 68.22%

15.81% OPERATING MARGIN

Averages

1Year 15.81%

3Years 11.03%

5Years 13.79%

7Years 13.28%

10Years 14.34%

5.77% NET MARGIN

Averages

1Year 5.77%

3Years -5.88%

5Years -4.77%

7Years -4.81%

10Years -2.77%

1.33% ROE

Averages

1Year 1.33%

3Years -0.36%

5Years -0.49%

7Years -0.71%

10Years -0.36%

0.68% ROA

Averages

1Year 0.68%

3Years -0.19%

5Years -0.24%

7Years -0.33%

10Years -0.17%

2.01% ROIC

Averages

1Year 2.01%

3Years 1.16%

5Years 0.98%

7Years 1.07%

10Years 1.74%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Kite Realty Group Trust

Net Income	47.5 M
Depreciation & Amortization	426 M
Capital Expenditures	-143 M
Stock-Based Compensation	10.1 M
Change in Working Capital	-34.5 M
Others	-85.7 M
Free Cash Flow	252 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Kite Realty Group Trust

Wall Street analysts predict an average 1-year price target for KRG of $27.6 , with forecasts ranging from a low of $23 to a high of $33 .

KRG Lowest Price Target Wall Street Target

23 USD -13.83%

KRG Average Price Target Wall Street Target

27.6 USD 3.30%

KRG Highest Price Target Wall Street Target

33 USD 23.64%

4. DIVIDEND ANALYSIS

0.94% DIVIDEND YIELD

0.27 USD DIVIDEND PER SHARE

5. COMPETITION

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

13.4 USD

SITC

Overvalued 14.23%

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

-11.5 USD

CBL

Overvalued 142.07%

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.

-0.701 USD

Overvalued 103.05%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

1.03 USD

AKR

Overvalued 95.80%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

24.2 USD

ROIC

Undervalued 39.71%

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics.

0.00217 USD

IVT

Overvalued 99.99%

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

101 USD

BFS

Undervalued 156.90%

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

45.8 USD

PINE

Undervalued 159.80%

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

52.1 USD

FCPT

Undervalued 84.55%

6. Ownership

Insider Ownership Kite Realty Group Trust

Summary
Transactions

Sold

0-3 MONTHS

1 M USD 1

3-6 MONTHS

0 USD 0

6-9 MONTHS

164 K USD 1

9-12 MONTHS

1.82 M USD 2

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
2 months ago Sep 16, 2024	Sell 1 M USD	Grimes Steven P Director	- 37295	26.8 USD
8 months ago Feb 26, 2024	Sell 164 K USD	WURTZEBACH CHARLES H Director	- 7799	21.06 USD
11 months ago Dec 14, 2023	Sell 510 K USD	Grimes Steven P Director	- 21500	23.7 USD
11 months ago Dec 01, 2023	Sell 1.31 M USD	Kite John A Chairman & CEO	- 60000	21.91 USD
1 year ago Jun 15, 2023	Sell 5.38 K USD	WURTZEBACH CHARLES H Director	- 255	21.11 USD
1 year ago Nov 30, 2022	Sell 289 K USD	Grimes Steven P Director	- 12946	22.35 USD
1 year ago Nov 21, 2022	Sell 1.01 M USD	Grimes Steven P Director	- 46500	21.77 USD
1 year ago Nov 23, 2022	Sell 712 K USD	Grimes Steven P Director	- 32054	22.22 USD
2 years ago Nov 18, 2022	Sell 1.87 M USD	Kite John A Chairman & CEO	- 85000	22.01 USD
2 years ago Sep 14, 2022	Sell 225 K USD	GORSKI GERALD M Director	- 11230	20.02 USD
2 years ago Dec 21, 2021	Sell 523 K USD	Kite John A Chairman & CEO	- 25000	20.93 USD
4 years ago Nov 09, 2020	Sell 239 K USD	Kite John A Chairman & CEO	- 18089	13.24 USD
4 years ago Feb 26, 2020	Bought 101 K USD	Heath R Fear EVP & Chief Financial Officer	+ 6000	16.87 USD
5 years ago Nov 15, 2019	Sell 235 K USD	Kite John A Chairman & CEO	- 12500	18.78 USD
5 years ago Sep 19, 2019	Sell 269 K USD	Kite John A Chairman & CEO	- 17000	15.85 USD
5 years ago Feb 26, 2019	Bought 118 K USD	Heath R Fear EVP & Chief Financial Officer	+ 7500	15.79 USD
5 years ago Dec 13, 2018	Sell 195 K USD	Kite John A Chairman & CEO	- 12000	16.21 USD
6 years ago Sep 05, 2018	Sell 610 K USD	Kite John A Chairman & CEO	- 35000	17.42 USD
6 years ago Feb 13, 2018	Bought 14.6 K USD	Daniels Lee A Director	+ 1000	14.65 USD
6 years ago Feb 13, 2018	Bought 96.7 K USD	WURTZEBACH CHARLES H Director	+ 6600	14.65 USD
6 years ago Feb 06, 2018	Bought 201 K USD	Peterson Barton R Director	+ 13350	15.04 USD
6 years ago Feb 06, 2018	Bought 1.19 M USD	BINDLEY WILLIAM E Director	+ 78920	15.05 USD
6 years ago Feb 05, 2018	Bought 318 K USD	BINDLEY WILLIAM E Director	+ 21080	15.09 USD
6 years ago Dec 22, 2017	Sell 96.1 K USD	McGowan Thomas K President & COO	- 5000	19.22 USD
6 years ago Dec 18, 2017	Sell 342 K USD	Kite John A Chairman & CEO	- 17000	20.09 USD
6 years ago Nov 20, 2017	Sell 60 K USD	Olinger Thomas R Senior VP & CAO	- 3157	19.01 USD
7 years ago Mar 31, 2017	Sell 538 K USD	Kite John A Chairman & CEO	- 25000	21.51 USD
7 years ago Nov 22, 2016	Sell 804 K USD	Kite John A Chairman & CEO	- 33000	24.35 USD
8 years ago Aug 01, 2016	Sell 166 K USD	Olinger Thomas R Senior VP & CAO	- 5500	30.2227 USD
8 years ago Aug 01, 2016	Sell 498 K USD	Sink Daniel R Executive VP & CFO	- 16625	29.9507 USD
8 years ago Aug 01, 2016	Sell 902 K USD	Kite John A Chairman & CEO	- 30000	30.0826 USD
8 years ago Aug 01, 2016	Sell 90.3 K USD	Kite John A Chairman & CEO	- 3000	30.11 USD
8 years ago Feb 10, 2016	Sell 60.2 K USD	Olinger Thomas R Senior VP & CAO	- 2283	26.36 USD
8 years ago Dec 01, 2015	Sell 271 K USD	Kite John A Chairman & CEO	- 10000	27.1093 USD
9 years ago Jun 22, 2015	Sell 270 K USD	Kite John A Chairman & CEO	- 10000	27.03 USD
9 years ago Nov 24, 2014	Sell 424 K USD	Kite John A Chairman & CEO	- 16000	26.5 USD
10 years ago Dec 23, 2013	Sell 868 K USD	McGowan Thomas K President & COO	- 133560	6.5 USD
10 years ago Dec 23, 2013	Sell 328 K USD	Kite John A Chairman & CEO	- 50000	6.55 USD
11 years ago Aug 27, 2013	Sell 359 K USD	Kite John A Chairman & CEO	- 60000	5.98 USD
11 years ago Jun 04, 2013	Sell 5.17 K USD	Kite John A Chairman & CEO	- 841	6.15 USD
11 years ago Jun 05, 2013	Sell 52.8 K USD	Kite John A Chairman & CEO	- 8800	6 USD
11 years ago Jun 06, 2013	Sell 122 K USD	Kite John A Chairman & CEO	- 20349	6 USD
11 years ago Feb 19, 2013	Sell 480 K USD	Kite John A Chairman & CEO	- 75000	6.4 USD
11 years ago Feb 20, 2013	Sell 96.4 K USD	Kite John A Chairman & CEO	- 15000	6.4298 USD
11 years ago Dec 03, 2012	Sell 324 K USD	Kite John A Chairman & CEO	- 60000	5.4044 USD
12 years ago Aug 21, 2012	Sell 129 K USD	Kite John A Chairman & CEO	- 25000	5.16 USD
12 years ago Jun 11, 2012	Sell 108 K USD	Kite John A Chairman & CEO	- 21481	5.036 USD
12 years ago Jun 13, 2012	Sell 135 K USD	Kite John A Chairman & CEO	- 26912	5 USD
12 years ago Jun 11, 2012	Sell 8.09 K USD	Kite John A Chairman & CEO	- 1607	5.036 USD
12 years ago May 11, 2012	Sell 250 K USD	Kite John A Chairman & CEO	- 50000	5 USD
12 years ago Mar 14, 2012	Bought 10.1 K USD	Moss Gerald L Director	+ 400	25.15 USD
12 years ago Mar 12, 2012	Bought 502 K USD	BINDLEY WILLIAM E Director	+ 20000	25.1203 USD
12 years ago Dec 09, 2011	Sell 213 K USD	Kite John A Chairman & CEO	- 50000	4.2582 USD
13 years ago Sep 16, 2011	Bought 8 K USD	Moss Gerald L Director	+ 2000	4 USD

7. News

Kite Realty Group Trust (KRG) Q3 2024 Earnings Conference Call Transcript Kite Realty Group Trust (NYSE:KRG ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Bryan McCarthy - SVP, Corporate Marketing and Communications John Kite - Chairman and CEI Heath Fear - EVP and CFO Tom McGowan - President and COO Conference Call Participants Todd Thomas - KeyBanc Capital Markets Alexander Goldfarb - Piper Sandler Floris Van Dijkum - Compass Point Craig Mailman - Citi Andrew Reale - Bank of America Dori Kesten - Wells Fargo Securities Linda Tsai - Jefferies Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Kite Realty Group Trust Earnings Conference Call. seekingalpha.com - 2 weeks ago

Kite Realty Group (KRG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Kite Realty Group (KRG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago

Kite Realty Group (KRG) Q3 FFO Match Estimates Kite Realty Group (KRG) came out with quarterly funds from operations (FFO) of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.51 per share a year ago. zacks.com - 2 weeks ago

Kite Realty Group Reports Third Quarter 2024 Operating Results INDIANAPOLIS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the third quarter ended September 30, 2024. For the quarters ended September 30, 2024 and 2023, net income attributable to common shareholders was $16.7 million, or $0.08 per diluted share, compared to $2.1 million, or $0.01 per diluted share, respectively. For the nine months ended September 30, 2024 and 2023, net loss attributable to common shareholders was $17.8 million, or $0.08 per diluted share, compared to net income of $39.5 million, or $0.18 per diluted share, respectively. globenewswire.com - 2 weeks ago

Why Kite Realty Group (KRG) is a Great Dividend Stock Right Now Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes? zacks.com - 2 weeks ago

Kite Realty Group: Evaluating Risks Amid Potential Kite Realty Group has delivered over 34% total returns since November 2024, with a current FWD yield of 3.93% and a low P/FFO multiple of 12.66x. Now, looking at KRG we can see a compelling entry point in terms of the valuations relative to other peers such as REG, KIM and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified. seekingalpha.com - 3 weeks ago

Why Kite Realty Group (KRG) is a Top Dividend Stock for Your Portfolio Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Kite Realty Group (KRG) have what it takes? zacks.com - 1 month ago

Rate Cut Rethink U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation data. All eyes were on the Consumer Price Index report, which posted a fractional upside surprise in September for a second-straight month, which followed four straight months of cooler-than-expected reports. Bond markets remained under pressure as buoyant labor market data last week and lukewarm inflation data this week has prompted investors to re-think the prospects of aggressive Fed rate cuts. seekingalpha.com - 1 month ago

Kite Realty Group Recasts Its $1.1 Billion Unsecured Revolving Credit Facility and Amends Its $250 Million Term Loan Facility INDIANAPOLIS, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, announced today that, on October 3, 2024, it closed on an amended $1.1 billion unsecured revolving credit facility (the “Revolving Credit Facility”) and an amended $250 million unsecured term loan facility (the “Term Loan Facility”). globenewswire.com - 1 month ago

Kite Realty Group to Report Third Quarter 2024 Financial Results on October 30, 2024 INDIANAPOLIS, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that it will release financial results for the quarter ending September 30, 2024, after the market closes on Wednesday, October 30, 2024. KRG will conduct a conference call to discuss its financial results on Thursday, October 31, 2024 at 11:00 a.m. Eastern Time. globenewswire.com - 1 month ago

If I Was Retiring In 10-20 Years With 10 REITs - Part 3 The Federal Reserve is expected to cut interest rates, benefiting REITs, which have shown strong performance and offer attractive investment opportunities for long-term growth. NETSTREIT, Kite Realty, VICI Properties, and Plymouth Industrial are recommended buys due to their strong fundamentals, high-quality tenants, and solid balance sheets. REITs offer reliable dividends and potential for compounding returns, making them ideal for investors with 10–20 years until retirement. seekingalpha.com - 2 months ago

Shopping Center REITs Are Hot: Pick A Winner The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior growth prospects, driven by record-high occupancy rates and strong rental rate spreads. This article examines liquidity, FFO growth, TCFO growth, dividend growth, market cap, share price growth, and volatility to identify the best Shopping Center REITs for the next 2 years. seekingalpha.com - 2 months ago

8. Profile Summary

Kite Realty Group Trust KRG

COUNTRY US

INDUSTRY REIT - Retail

MARKET CAP $ 5.86 B

Dividend Yield 0.94%

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.

Contact 30 South Meridian Street, Indianapolis, IN, 46204 https://www.kiterealty.com

IPO Date Aug. 12, 2004

Employees 229

Officers Mr. Gregg Poetz Senior Vice President of Leasing Mr. Randy Burke Senior Vice President of Construction Mr. John A. Kite Chairman of the Board of Trustees & Chief Executive Officer Mr. Dean Papadakis Senior Vice President, Chief Legal Officer & Corporate Secretary Ms. Mellissa M. Boggs SPHR Executive Vice President of Employee Experience Mr. Tyler Henshaw Senior Vice President of Capital Markets, Investor Relations & Corporate Finance Mr. Mark Jenkins Senior Vice President of Development Mr. Mitch Rippe Senior Vice President of Acquisition & Disposition Mr. Thomas K. McGowan President & Chief Operating Officer Mr. Bryan McCarthy Senior Vice President of Corporate Marketing & Communications

Price Chart KRG

Kite Realty Group Trust KRG

Premium Plan

Unlimited Plan