Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. More Details
Slightly overvalued with questionable track record.
Share Price & News
How has Kite Realty Group Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KRG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: KRG's weekly volatility (10%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: KRG underperformed the US REITs industry which returned -8.8% over the past year.
Return vs Market: KRG underperformed the US Market which returned 19.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Kite Realty Group Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWould Shareholders Who Purchased Kite Realty Group Trust's (NYSE:KRG) Stock Five Years Be Happy With The Share price Today?
3 months ago | Simply Wall StWho Has Been Selling Kite Realty Group Trust (NYSE:KRG) Shares?
8 months ago | Simply Wall StDoes The Kite Realty Group Trust (NYSE:KRG) Share Price Fall With The Market?
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 ($15.19) is trading below our estimate of fair value ($17.17)
Significantly Below Fair Value: KRG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KRG is poor value based on its PE Ratio (218.2x) compared to the US REITs industry average (38.3x).
PE vs Market: KRG is poor value based on its PE Ratio (218.2x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: KRG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KRG is good value based on its PB Ratio (1x) compared to the US REITs industry average (1.6x).
How is Kite Realty Group Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KRG's earnings are forecast to decline over the next 3 years (-37.6% per year).
Earnings vs Market: KRG's earnings are forecast to decline over the next 3 years (-37.6% per year).
High Growth Earnings: KRG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KRG's revenue (0.9% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: KRG's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KRG's Return on Equity is forecast to be high in 3 years time
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 $17.1M impacting its September 30 2020 financial results.
Growing Profit Margin: KRG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: KRG has become profitable over the past 5 years, growing earnings by -48.3% per year.
Accelerating Growth: KRG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: KRG has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (2%).
Return on Equity
High ROE: KRG's Return on Equity (0.5%) is considered low.
How is Kite Realty Group Trust's financial position?
Financial Position Analysis
Short Term Liabilities: KRG's short term assets ($233.8M) exceed its short term liabilities ($88.6M).
Long Term Liabilities: KRG's short term assets ($233.8M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: KRG's debt to equity ratio (95.6%) is considered high.
Reducing Debt: KRG's debt to equity ratio has increased from 87.7% to 95.6% over the past 5 years.
Debt Coverage: KRG's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: KRG's interest payments on its debt are not well covered by EBIT (0.8x coverage).
What is Kite Realty Group Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KRG's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: KRG's dividend (1.37%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: KRG's dividend payments have been volatile in the past 10 years.
Growing Dividend: KRG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.6%), KRG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KRG's dividends in 3 years are forecast to be covered by earnings (58.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Kite (54 yo)
Mr. John A. Kite has been the Chief Executive Officer at Kite Realty Group Trust since August 2004. Mr. Kite continues to provide Kite with invaluable experience in managing and operating real estate compa...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD6.00M) is above average for companies of similar size in the US market ($USD4.15M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
|Chairman & CEO||16.25yrs||US$6.00m||0.046% |
|President & COO||11.92yrs||US$2.34m||0.098% |
|Executive VP & CFO||2yrs||US$1.82m||0.085% |
|Senior VP & Chief Accounting Officer||2.83yrs||US$406.46k||no data|
|Senior Vice President of Capital Markets||0.83yr||no data||no data|
|Senior Vice President of Marketing & Communications||2.75yrs||no data||no data|
|Executive Vice President of Employee Experience||0.75yr||no data||no data|
|Senior Vice President of Development||no data||no data||no data|
|Senior Vice President of Acquisition & Disposition||no data||no data||no data|
|Senior Vice President of Leasing||no data||no data||no data|
|Senior Vice President of Operational Strategy||no data||no data||no data|
|Senior Vice President of Construction||no data||no data||no data|
Experienced Management: KRG's management team is considered experienced (2.8 years average tenure).
|Chairman & CEO||16.25yrs||US$6.00m||0.046% |
|Independent Trustee||8yrs||US$177.49k||0.067% |
|Lead Independent Trustee||16.25yrs||US$212.49k||0.22% |
|Independent Trustee||0.50yr||no data||0.015% |
|Independent Trustee||6.33yrs||US$184.99k||0.052% |
|Independent Trustee||7yrs||US$174.99k||0.067% |
|Independent Trustee||7.5yrs||US$172.49k||0.050% |
|Independent Trustee||7.25yrs||US$182.49k||0.047% |
|Independent Trustee||6.33yrs||US$167.49k||0.048% |
Experienced Board: KRG's board of directors are considered experienced (7.3 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kite Realty Group Trust's company bio, 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$1.313b
- Market Cap: US$1.279b
- Shares outstanding: 86.44m
- Website: https://www.kiterealty.com
Number of Employees
- Kite Realty Group Trust
- 30 South Meridian Street
- Suite 1100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KRG||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Aug 2004|
|FGC1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 2004|
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 r...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 23:38|
|End of Day Share Price||2020/11/25 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.