KRG Stock Overview
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.
Kite Realty Group Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$20.59|
|52 Week High||US$23.14|
|52 Week Low||US$15.52|
|1 Month Change||-2.88%|
|3 Month Change||-2.56%|
|1 Year Change||25.70%|
|3 Year Change||32.33%|
|5 Year Change||-13.99%|
|Change since IPO||-60.40%|
Recent News & Updates
Kite And Retail Properties Of America - A Great Match
Kite announced in July that it is acquiring Retail Properties of America in a deal that would create a $7.5B REIT with 185 open-air shopping centers. The merger will bolster Kite's presence in existing markets and provide new exposure to gateway cities while being immediately accretive to earnings. We view this transaction as Kite's way of doubling down on its conviction of "skating to where the puck is going to be".
|KRG||US REITs||US Market|
Return vs Industry: KRG matched the US REITs industry which returned 25.7% over the past year.
Return vs Market: KRG exceeded the US Market which returned 7.7% over the past year.
|KRG Average Weekly Movement||5.0%|
|REITs Industry Average Movement||4.0%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: KRG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: KRG's weekly volatility (5%) has been stable over the past year.
About the Company
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.
Kite Realty Group Trust Fundamentals Summary
|KRG fundamental statistics|
Is KRG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KRG income statement (TTM)|
|Cost of Revenue||US$77.43m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 14, 2022
|Earnings per share (EPS)||0.048|
|Net Profit Margin||3.80%|
How did KRG perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Is Kite Realty Group Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KRG ($20.59) is trading below our estimate of fair value ($71.67)
Significantly Below Fair Value: KRG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KRG is poor value based on its PE Ratio (430.9x) compared to the US REITs industry average (45.5x).
PE vs Market: KRG is poor value based on its PE Ratio (430.9x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: KRG is poor value based on its PEG Ratio (3.8x)
Price to Book Ratio
PB vs Industry: KRG is overvalued based on its PB Ratio (3.8x) compared to the US REITs industry average (2x).
How is Kite Realty Group Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KRG's forecast earnings growth (114.2% per year) is above the savings rate (2%).
Earnings vs Market: KRG's earnings (114.2% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KRG's revenue (41.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: KRG's revenue (41.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KRG's Return on Equity is forecast to be low in 3 years time (3.8%).
How has Kite Realty Group Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KRG has a large one-off gain of $14.4M impacting its September 30 2021 financial results.
Growing Profit Margin: KRG's current net profit margins (3.8%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: KRG has become profitable over the past 5 years, growing earnings by -3.4% per year.
Accelerating Growth: KRG's earnings growth over the past year (80.8%) exceeds its 5-year average (-3.4% per year).
Earnings vs Industry: KRG earnings growth over the past year (80.8%) exceeded the REITs industry 29.5%.
Return on Equity
High ROE: KRG's Return on Equity (0.9%) is considered low.
How is Kite Realty Group Trust's financial position?
Financial Position Analysis
Short Term Liabilities: KRG's short term assets ($333.7M) exceed its short term liabilities ($85.7M).
Long Term Liabilities: KRG's short term assets ($333.7M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: KRG's net debt to equity ratio (96.8%) is considered high.
Reducing Debt: KRG's debt to equity ratio has increased from 99.9% to 104.8% over the past 5 years.
Debt Coverage: KRG's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: KRG's interest payments on its debt are not well covered by EBIT (1x coverage).
What is Kite Realty Group Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KRG's dividend (3.5%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: KRG's dividend (3.5%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: KRG's dividend payments have been volatile in the past 10 years.
Growing Dividend: KRG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.9%), KRG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KRG's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Kite (55 yo)
Mr. John A. Kite has been the Chief Executive Officer at Kite Realty Group Trust since August 2004. Mr. Kite served as the President of Kite Realty Group Trust since August 2004 until December 2008. Prior...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD7.36M) is above average for companies of similar size in the US market ($USD5.15M).
Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.
Experienced Management: KRG's management team is considered experienced (3.2 years average tenure).
Experienced Board: KRG's board of directors are considered experienced (8.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 156.2%.
Kite Realty Group Trust's employee growth, exchange listings and data sources
- Name: Kite Realty Group Trust
- Ticker: KRG
- Exchange: NYSE
- Founded: 1968
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$4.560b
- Market Cap: US$4.509b
- Shares outstanding: 221.44m
- Website: https://www.kiterealty.com
Number of Employees
- Kite Realty Group Trust
- 30 South Meridian Street
- Suite 1100
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 00:04|
|End of Day Share Price||2022/01/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.