Loading...

Kite Realty Group Trust

NYSE:KRG
Snowflake Description

6 star dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KRG
NYSE
$1B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
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. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
KRG Share Price and Events
7 Day Returns
-2%
NYSE:KRG
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
5.7%
NYSE:KRG
13.8%
US REITs
1.3%
US Market
KRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kite Realty Group Trust (KRG) -2% 1.6% -0.4% 5.7% -41.1% -35.7%
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • KRG underperformed the REITs industry which returned 13.8% over the past year.
  • KRG outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
KRG
Industry
5yr Volatility vs Market

KRG Value

 Is Kite Realty Group Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kite Realty Group Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kite Realty Group Trust.

NYSE:KRG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:KRG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (118.61%))
1.017
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.017 * 5.96%)
8.79%

Discounted Cash Flow Calculation for NYSE:KRG using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Kite Realty Group Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Kite Realty Group Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:KRG DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.79%)
2019 127.11 Analyst x6 116.84
2020 117.88 Analyst x6 99.60
2021 117.01 Analyst x2 90.87
2022 114.53 Est @ -2.11% 81.77
2023 113.78 Est @ -0.66% 74.66
2024 114.19 Est @ 0.36% 68.88
2025 115.41 Est @ 1.07% 63.99
2026 117.22 Est @ 1.57% 59.74
2027 119.46 Est @ 1.92% 55.96
2028 122.05 Est @ 2.16% 52.55
Present value of next 10 years cash flows $764.86
NYSE:KRG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $122.05 × (1 + 2.73%) ÷ (8.79% – 2.73%)
$2,068.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,068.73 ÷ (1 + 8.79%)10
$890.82
NYSE:KRG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $764.86 + $890.82
$1,655.68
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,655.68 / 86.05
$19.24
NYSE:KRG Discount to Share Price
Calculation Result
Value per share (USD) From above. $19.24
Current discount Discount to share price of $15.97
= -1 x ($15.97 - $19.24) / $19.24
17%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kite Realty Group Trust is available for.
Intrinsic value
17%
Share price is $15.97 vs Future cash flow value of $19.24
Current Discount Checks
For Kite Realty Group Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kite Realty Group Trust's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Kite Realty Group Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kite Realty Group Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kite Realty Group Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:KRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.27
NYSE:KRG Share Price ** NYSE (2019-05-24) in USD $15.97
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kite Realty Group Trust.

NYSE:KRG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KRG Share Price ÷ EPS (both in USD)

= 15.97 ÷ -0.27

-58.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kite Realty Group Trust is loss making, we can't compare its value to the US REITs industry average.
  • Kite Realty Group Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Kite Realty Group Trust's expected growth come at a high price?
Raw Data
NYSE:KRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
36.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kite Realty Group Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kite Realty Group Trust's assets?
Raw Data
NYSE:KRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.53
NYSE:KRG Share Price * NYSE (2019-05-24) in USD $15.97
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:KRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KRG Share Price ÷ Book Value per Share (both in USD)

= 15.97 ÷ 16.53

0.97x

* Primary Listing of Kite Realty Group Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kite Realty Group Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Kite Realty Group Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Kite Realty Group Trust has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KRG Future Performance

 How is Kite Realty Group Trust expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kite Realty Group Trust expected to grow at an attractive rate?
  • Kite Realty Group Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kite Realty Group Trust's earnings growth is expected to exceed the United States of America market average.
  • Kite Realty Group Trust's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:KRG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KRG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 36.6%
NYSE:KRG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -1.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:KRG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KRG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 327 1 2
2020-12-31 300 3 6
2019-12-31 316 15 6
NYSE:KRG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 345 -23
2018-12-31 351 154 -47
2018-09-30 356 149 -13
2018-06-30 358 154 -18
2018-03-31 358 154 -6
2017-12-31 359 155 12
2017-09-30 359 158 13
2017-06-30 361 156 12
2017-03-31 356 159 0
2016-12-31 354 155 1
2016-09-30 355 154 3
2016-06-30 353 165 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kite Realty Group Trust's earnings are expected to grow significantly at over 20% yearly.
  • Kite Realty Group Trust's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:KRG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Kite Realty Group Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KRG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.01 0.01 0.01 1.00
2020-12-31 0.18 0.33 0.03 2.00
2019-12-31 0.29 0.29 0.29 1.00
NYSE:KRG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.27
2018-12-31 -0.56
2018-09-30 -0.16
2018-06-30 -0.21
2018-03-31 -0.07
2017-12-31 0.14
2017-09-30 0.15
2017-06-30 0.14
2017-03-31 0.00
2016-12-31 0.01
2016-09-30 0.04
2016-06-30 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kite Realty Group Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kite Realty Group Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kite Realty Group Trust has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KRG Past Performance

  How has Kite Realty Group Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kite Realty Group Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kite Realty Group Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Kite Realty Group Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kite Realty Group Trust's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
Kite Realty Group Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kite Realty Group Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KRG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 345.14 -22.94 22.15
2018-12-31 351.38 -46.57 21.32
2018-09-30 356.16 -13.04 21.72
2018-06-30 357.56 -17.60 22.29
2018-03-31 358.47 -6.05 22.22
2017-12-31 358.82 11.87 21.75
2017-09-30 358.78 12.92 21.76
2017-06-30 360.76 11.86 21.41
2017-03-31 355.68 -0.21 20.78
2016-12-31 354.12 1.18 20.10
2016-09-30 354.54 3.18 19.31
2016-06-30 352.57 5.27 18.78
2016-03-31 348.73 11.78 18.49
2015-12-31 347.01 15.44 18.71
2015-09-30 345.16 15.20 17.82
2015-06-30 346.59 -1.61 17.20
2015-03-31 303.70 -11.31 14.94
2014-12-31 259.53 -17.36 13.04
2014-09-30 208.06 -24.36 11.50
2014-06-30 152.03 -6.57 9.68
2014-03-31 141.11 -9.81 9.18
2013-12-31 129.49 -8.50 8.21
2013-09-30 118.68 -15.00 7.93
2013-06-30 110.45 -19.57 7.46
2013-03-31 102.79 -14.08 7.44
2012-12-31 96.54 -20.00 7.12
2012-09-30 95.55 -8.80 6.88
2012-06-30 94.75 -6.84 6.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Kite Realty Group Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Kite Realty Group Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if Kite Realty Group Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kite Realty Group Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kite Realty Group Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KRG Health

 How is Kite Realty Group Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kite Realty Group Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kite Realty Group Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kite Realty Group Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kite Realty Group Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kite Realty Group Trust Company Filings, last reported 1 month ago.

NYSE:KRG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,433.82 1,629.92 28.36
2018-12-31 1,459.15 1,550.40 38.98
2018-09-30 1,526.30 1,578.43 36.61
2018-06-30 1,548.25 1,565.53 38.08
2018-03-31 1,574.52 1,650.85 33.85
2017-12-31 1,638.21 1,699.94 27.18
2017-09-30 1,659.08 1,682.88 33.77
2017-06-30 1,683.43 1,676.66 28.74
2017-03-31 1,697.43 1,728.87 24.24
2016-12-31 1,732.43 1,734.17 20.77
2016-09-30 1,744.58 1,743.34 28.79
2016-06-30 1,761.89 1,754.69 37.90
2016-03-31 1,789.71 1,742.59 23.31
2015-12-31 1,819.06 1,729.45 34.08
2015-09-30 1,930.10 1,688.84 42.95
2015-06-30 1,955.18 1,624.31 70.22
2015-03-31 1,971.74 1,576.82 126.84
2014-12-31 2,027.23 1,559.36 44.53
2014-09-30 2,045.26 1,561.60 33.51
2014-06-30 777.50 876.82 23.13
2014-03-31 793.78 873.03 33.98
2013-12-31 801.03 858.84 20.93
2013-09-30 591.45 745.88 13.53
2013-06-30 598.79 749.09 15.30
2013-03-31 510.71 752.22 14.65
2012-12-31 514.29 705.81 12.48
2012-09-30 467.11 686.76 9.93
2012-06-30 473.80 657.47 8.30
  • Kite Realty Group Trust's level of debt (113.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (110% vs 113.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Kite Realty Group Trust has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Kite Realty Group Trust has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -15.4% per year.
X
Financial health checks
We assess Kite Realty Group Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kite Realty Group Trust has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KRG Dividends

 What is Kite Realty Group Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.95%
Current annual income from Kite Realty Group Trust dividends. Estimated to be 8.14% next year.
If you bought $2,000 of Kite Realty Group Trust shares you are expected to receive $159 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kite Realty Group Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Kite Realty Group Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase Kite Realty Group Trust before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:KRG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:KRG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.34 2.00
2020-12-31 1.31 4.00
2019-12-31 1.27 4.00
NYSE:KRG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-15 1.270 7.874
2019-02-13 1.270 7.992
2018-11-20 1.270 8.088
2018-08-30 1.270 7.844
2018-05-10 1.270 7.706
2018-02-14 1.270 8.450
2017-11-29 1.270 7.095
2017-08-11 1.210 6.105
2017-05-11 1.210 6.323
2017-03-07 1.210 5.791
2016-11-22 1.210 5.127
2016-08-11 1.150 4.298
2016-06-16 1.150 4.033
2016-05-06 1.150 4.238
2016-04-28 1.150 4.154
2016-02-26 1.150 4.175
2016-02-04 1.150 4.308
2015-12-01 1.090 4.238
2015-09-18 1.090 4.264
2015-05-12 1.090 4.246
2015-05-11 1.090 4.069
2015-04-30 1.090 4.092
2015-02-27 1.090 3.933
2015-02-05 1.090 3.768
2014-12-22 1.040 3.483
2014-09-19 1.040 4.008
2014-06-13 1.040 4.124
2014-03-20 1.040 4.271
2013-12-24 0.960 3.820
2013-09-19 0.960 3.812
2013-06-17 0.960 4.107
2013-03-18 0.960 3.713
2012-12-19 0.960 3.964
2012-09-19 0.960 4.517
2012-06-20 0.960 4.726
2012-03-20 0.960 4.803
2011-12-22 0.960 4.849
2011-09-19 0.960 6.075
2011-06-23 0.960 5.591
2011-03-17 0.960 4.806
2010-12-17 0.960 4.526
2010-09-17 0.960 4.874
2010-06-17 0.960 5.433
2010-03-16 0.960 4.884
2009-12-23 0.960 5.858
2009-09-16 0.960 6.643

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kite Realty Group Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (105.4x coverage).
X
Income/ dividend checks
We assess Kite Realty Group Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kite Realty Group Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kite Realty Group Trust has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KRG Management

 What is the CEO of Kite Realty Group Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Kite
COMPENSATION $3,693,084
AGE 52
TENURE AS CEO 14.8 years
CEO Bio

Mr. John A. Kite has been the Chief Executive Officer at Kite Realty Group Trust since August 2004. Mr. Kite continues to provide Kite with invaluable experience in managing and operating real estate company. In particular, he has in-depth, longstanding knowledge of its assets, operations, markets and employees. He served as the President of Kite Realty Group Trust since August 2004 until December 2008. Prior to this, he served as the President and Chief Executive Officer at Kite Companies from 1997 to 2004. In 1994, he was named the President at KMI Realty Advisors. He joined the Kite organization as the Chief Financial Officer at Kite Development in 1990. He began his career as a Business Development Officer in the Commercial Lending Department of Harris Trust and Savings Bank from 1987 to 1990. He has been the Chairman of Kite Realty Group Trust since December 2008 and has been its Trustee since March 2004. He graduated from DePauw University with a B.A. in Economics in 1987.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kite Realty Group Trust management team in years:

3
Average Tenure
49
Average Age
  • The tenure for the Kite Realty Group Trust management team is about average.
Management Team

John Kite

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
52
TENURE
14.8 yrs

Tom McGowan

TITLE
President and Chief Operating Officer
COMPENSATION
$2M
AGE
53
TENURE
10.4 yrs

Heath Fear

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
49
TENURE
0.5 yrs

Dave Buell

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$406K
AGE
36
TENURE
1.3 yrs

Scott Murray

TITLE
Executive VP
COMPENSATION
$1M
AGE
44
TENURE
4.8 yrs

Jason Colton

TITLE
Senior Vice President of Capital Markets & Investor Relations

Bryan McCarthy

TITLE
Senior Vice President of Marketing & Communications
TENURE
1.3 yrs

Mellissa Boggs

TITLE
Senior Vice President of Human Capital

Mark Jenkins

TITLE
Senior Vice President of Development

Rick Lally

TITLE
Senior Vice President of Construction
Board of Directors Tenure

Average tenure and age of the Kite Realty Group Trust board of directors in years:

5.9
Average Tenure
57.5
Average Age
  • The tenure for the Kite Realty Group Trust board of directors is about average.
Board of Directors

John Kite

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
52
TENURE
10.4 yrs

William Bindley

TITLE
Lead Independent Trustee
COMPENSATION
$212K
AGE
77
TENURE
14.8 yrs

Bart Peterson

TITLE
Independent Trustee
COMPENSATION
$175K
AGE
59
TENURE
5.5 yrs

Charlie Wurtzebach

TITLE
Independent Trustee
COMPENSATION
$185K
AGE
69
TENURE
4.8 yrs

Victor Coleman

TITLE
Independent Trustee
COMPENSATION
$177K
AGE
56
TENURE
6.5 yrs

Christie Kelly

TITLE
Independent Trustee
COMPENSATION
$172K
AGE
56
TENURE
6 yrs

David O'Reilly

TITLE
Independent Trustee
COMPENSATION
$182K
AGE
44
TENURE
5.8 yrs

Lee Daniels

TITLE
Independent Trustee
COMPENSATION
$167K
AGE
76
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kite Realty Group Trust insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Feb 19 Buy Heath Fear Individual 26. Feb 19 26. Feb 19 7,500 $15.79 $118,425
07. Sep 18 Sell John Kite Individual 05. Sep 18 05. Sep 18 -17,000 $17.42 $-296,140
X
Management checks
We assess Kite Realty Group Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kite Realty Group Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KRG News

Simply Wall St News

Have Insiders Been Selling Kite Realty Group Trust (NYSE:KRG) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Kite Realty Group Trust (NYSE:KRG). … Kite Realty Group Trust Insiders Bought Stock Recently Over the last three months, we've seen significant insider buying at Kite Realty Group Trust. … The more recent transactions are a positive, but Kite Realty Group Trust insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall.

Simply Wall St -

Would Kite Realty Group Trust (NYSE:KRG) Be Valuable To Income Investors?

Could Kite Realty Group Trust (NYSE:KRG) be an attractive dividend share to own for the long haul? … With Kite Realty Group Trust yielding 7.7% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Explore this interactive chart for our latest analysis on Kite Realty Group Trust!

Simply Wall St -

Is Kite Realty Group Trust's (NYSE:KRG) CEO Paid Enough Relative To Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does John Kite's Compensation Compare With Similar Sized Companies. … According to our data, Kite Realty Group Trust has a market capitalization of US$1.3b, and pays its CEO total annual compensation worth US$3.7m.

Simply Wall St -

Is Kite Realty Group Trust (NYSE:KRG) Potentially Underrated?

In the case of Kite Realty Group Trust (NYSE:KRG), there's. … that has been able to sustain great financial health over the past … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

Did You Manage To Avoid Kite Realty Group Trust's (NYSE:KRG) 46% Share Price Drop?

Unfortunately, that's been the case for longer term Kite Realty Group Trust (NYSE:KRG) shareholders, since the share price is down 46% in the last three years, falling well short of the market return of around 45%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Kite Realty Group Trust saw its share price decline over the three years in which its EPS also dropped, falling to a loss.

Simply Wall St -

Before You Buy Kite Realty Group Trust (NYSE:KRG), Consider Its Volatility

If you're interested in Kite Realty Group Trust (NYSE:KRG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Now An Opportune Moment To Examine Kite Realty Group Trust (NYSE:KRG)?

Kite Realty Group Trust (NYSE:KRG), which is in the reits business, and is based in United States,. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Kite Realty Group Trust’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

What Did Kite Realty Group Trust's (NYSE:KRG) CEO Take Home Last Year?

John Kite became the CEO of Kite Realty Group Trust (NYSE:KRG) in 2004. … View our latest analysis for Kite Realty Group Trust? … At the time of writing our data says that Kite Realty Group Trust has a market cap of US$1.2b, and is paying total annual CEO compensation of US$3.4m.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Kite Realty Group Trust (NYSE:KRG)?

So shareholders might well want to know whether insiders have been buying or selling shares in Kite Realty Group Trust (NYSE:KRG). … The Last 12 Months Of Insider Transactions At Kite Realty Group Trust. … Overall, Kite Realty Group Trust insiders were net buyers last year

Simply Wall St -

How Should You Analyze REIT Stock Kite Realty Group Trust (NYSE:KRG)?

Kite Realty Group Trust is a US$1.4b. … See our latest analysis for Kite Realty Group Trust … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

KRG Company Info

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 tenants 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.

Details
Name: Kite Realty Group Trust
KRG
Exchange: NYSE
Founded: 1968
$1,374,214,172
$1,340,472,133
86,049,729
Website: http://www.kiterealty.com
Address: Kite Realty Group Trust
30 South Meridian Street,
Suite 1100,
Indianapolis,
Indiana, 46204,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KRG Common Stock New York Stock Exchange US USD 11. Aug 2004
DB FGC1 Common Stock Deutsche Boerse AG DE EUR 11. Aug 2004
DB FGC1 Common Stock Deutsche Boerse AG DE EUR 11. Aug 2004
Number of employees
Current staff
Staff numbers
144
Kite Realty Group Trust employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:58
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.