KITE REALTY GROUP TRUST KRG

Real estate SIC 6798 - Real Estate Investment Trusts NYSE

Kite Realty Group Trust is a publicly held REIT that, through its majority-owned subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development, and redevelopment of high-quality, open-air, grocery-anchored shopping centers and vibrant mixed-use assets that are primarily located in high-growth Sun Belt markets and select strategic gateway markets in the United States. Following our merger with Retail Properties of America, Inc. ("RPAI") in 2021, we became a top-five open-air shopping center REIT based upon market capitalization. We derive our revenue primarily from the collection of contractual rents and reimbursement payments from tenants under existing lease agreements at each of our properties. Therefore, our operating results depend materially on, among other things, the ability of our tenants to make required lease payments, the health and resilience of the U.S. retail sector, particularly in light of increased tariffs in 2025, interest rate volatility, job growth, the real estate market, and overall economic conditions.

Last close 25.96 2026-09-04
Market cap $5.20B 2026-06-30 share count
52-week range 21.33 - 29.92

Valuation FY2025 figures against the last close

P/S6.2x
P/E18.9x
P/FCF18.7x
EV/EBITDA
Dividend yield4.5%
Diluted EPS1.37

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $844.4M$837.5M$821.3M$802.0M$373.3M$266.6M$315.2M$354.2M$358.8M$354.1M
SG&A $55.5M$52.6M$56.1M$54.9M$34.0M$30.8M$28.2M$21.3M$21.7M$20.6M
Total operating expenses $701.2M$729.6M$693.4M$737.4M$426.1M$236.4M$282.4M$336.6M$294.1M$288.7M
Operating income $111.4M$152.2M$91.7M-$21.5M$35.0M$71.8M$21.0M$79.9M$69.7M
Interest expense $132.6M$125.7M$105.3M$104.3M$60.4M$50.4M$59.3M$66.8M$65.7M$65.6M
Pre-tax income $299.1M$4.2M$48.0M-$12.6M-$80.5M-$15.5M-$252.0K-$46.3M$12.0M$2.0M
Income tax $467.0K$139.0K$533.0K$43.0K$310.0K$696.0K$282.0K$227.0K$100.0K$814.0K
Net income $298.7M$4.1M$47.5M-$12.6M-$80.8M-$16.2M-$534.0K-$46.6M$11.9M$1.2M
EPS, basic 1.370.020.22-0.06-0.73-0.19-0.01-0.560.140.01
EPS, diluted 1.370.020.22-0.06-0.73-0.19-0.01-0.560.140.01
Shares, diluted (wtd. avg.) $218.4M$219.7M$219.7M$219.1M$110.6M$84.1M$83.9M$83.7M$83.7M$83.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $36.8M$128.1M$36.4M$122.0M$93.2M$46.6M$52.8M$45.5M$32.2M$28.9M
Short-term investments $0$350.0M$0$0$125.0M$0
Other intangibles $107.2M$168.1M$241.1M$354.0M$498.4M$29.6M$35.7M$47.6M$66.3M$86.3M
Total assets $6.66B$7.09B$6.94B$7.34B$7.64B$2.61B$2.65B$3.17B$3.51B$3.66B
Long-term debt $3.03B$3.23B$2.83B$3.01B$3.15B$1.17B$1.15B$1.54B$1.70B$1.73B
Total liabilities $3.47B$3.68B$3.30B$3.52B$3.66B$1.33B$1.31B$1.71B$1.87B$1.92B
Retained earnings -$1.56B-$1.60B-$1.37B-$1.21B-$962.9M-$824.3M-$770.0M-$662.7M-$509.8M-$419.3M
Total equity $3.07B$3.31B$3.57B$3.77B$3.92B$1.23B$1.29B$1.41B$1.57B$1.64B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $429.7M$419.0M$394.6M$379.3M$100.4M$95.5M$138.0M$154.4M$154.6M$155.4M
Depreciation and amortisation $380.2M$398.0M$430.0M$473.0M$203.1M$128.6M$132.1M$152.2M$172.1M$0
Stock-based compensation $10.8M$10.7M$10.1M$10.3M$6.7M$6.0M$5.4M$4.9M$6.0M$5.2M
Capital expenditure $152.0M$140.5M$144.7M$53.3M$59.3M$72.4M$94.6M
Investing cash flow $613.5M-$499.0M-$81.7M-$45.1M-$91.0M-$80.8M$416.6M$148.3M-$2.0M-$82.9M
Financing cash flow -$698.4M$172.1M-$393.5M-$312.5M$44.5M-$20.9M-$547.2M-$289.4M-$149.3M-$90.9M
Dividends paid $236.5M$221.8M$210.5M$179.6M$57.8M$38.1M$133.3M$106.3M$101.1M$94.7M
Buybacks $1.3M$907.0K$767.0K$1.5M$15.0M$1.3M$533.0K$350.0K$835.0K$1.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001286043-26-000009.

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