Kite Realty Group Trust (KRG) Stock Overview
A real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
KRG Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Kite Realty Group Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.40 |
| 52 Week High | US$29.92 |
| 52 Week Low | US$21.33 |
| Beta | 0.84 |
| 1 Month Change | -3.93% |
| 3 Month Change | -8.99% |
| 1 Year Change | 14.26% |
| 3 Year Change | 16.41% |
| 5 Year Change | 21.18% |
| Change since IPO | -51.15% |
Recent News & Updates
Recent updates
Seeking Alpha • Jul 31
Kite Realty Group Trust Is Cheap... But Not Cheap Enough
Summary Kite Realty Group Trust remains a Hold as valuation and relative leverage improvements are not compelling enough for a bullish stance. KRG’s asset base and revenue have declined due to strategic property sales aimed at reducing net leverage, now at 4.30, below peers. Despite adjusted FFO and EPS beating expectations, revenue fell short, and asset shrinkage has tempered near-term upside potential. KRG trades at a discount on EV/EBITDA versus peers, but the estimated upside is limited unless shares become meaningfully cheaper. Read the full article on Seeking Alpha
Narrative Update • Jul 30
KRG: Retail REIT Tailwinds And High Expectations Will Shape Fairly Valued Shares
The analyst price target for Kite Realty Group Trust is now $30.50, up from $29.45, as analysts cite updated fair value estimates, slightly adjusted discount rate assumptions, and modestly higher profit margin and forward P/E inputs in their models. Analyst Commentary Recent research on Kite Realty Group Trust points to a mix of optimism on operations and cash flow, paired with some caution around valuation and expectations after a period of outperformance.Narrative Update • Jul 15
KRG: Retail REIT Tailwinds And Debt Refinancing Will Shape Fairly Valued Shares
The analyst price target for Kite Realty Group Trust has moved from about $28.55 to roughly $29.45, with analysts citing adjustments in fair value, discount rate, profit margin and future P/E assumptions to support the change. Analyst Commentary Recent research on Kite Realty Group Trust points to a generally constructive stance from Wall Street, with several firms updating their price targets and refining their models.Narrative Update • Jun 16
KRG: Retail REIT Tailwinds And 2026 Outlook Will Shape Fairly Valued Shares
The Analyst Price Target for Kite Realty Group Trust has been adjusted modestly higher, rising from $28.27 to $28.55, as analysts point to recent target increases across the Street along with supportive views on retail REIT fundamentals and sector tailwinds. Analyst Commentary Recent Street research on Kite Realty Group Trust points to a cluster of upward price target revisions, with analysts reassessing the stock in light of sector fundamentals, recent share performance, and relative valuation.Narrative Update • Jun 01
KRG: Retail REIT Tailwinds And 2026 Earnings Outlook Will Guide Returns
Analysts have inched their fair value estimate for Kite Realty Group Trust higher to about $28.27 per share, supported by recent price target increases to $28 and $29. These targets reflect their constructive view on Retail REIT fundamentals and secular tailwinds, while also flagging less compelling valuation after year-to-date outperformance.Narrative Update • May 13
KRG: Buybacks And Q4 Outlook Will Shape Measured Future REIT Returns
The analyst price target for Kite Realty Group Trust has been adjusted slightly higher to $27.91 from $27.73 as analysts refine their models around updated growth and margin assumptions following recent Q4 commentary and a series of price target increases from major firms. Analyst Commentary Recent price target updates around Kite Realty Group Trust focus on refined models following Q4 results and updated views on the company’s long term growth profile.Narrative Update • Apr 26
KRG: Expanded Buybacks And Refreshed Outlook Will Guide Balanced REIT Returns
Narrative Update The analyst price target for Kite Realty Group Trust has been reset to $27.00, with analysts pointing to updated models following Q4 results and a more favorable view of the company’s long-term growth profile as the main reasons for this change. Analyst Commentary Recent research shows price targets for Kite Realty Group Trust clustered at US$27, with ratings held at Neutral.Narrative Update • Apr 11
KRG: Buybacks And Updated 2026 Outlook Will Shape Balanced REIT Upside
Analysts have raised the average price target for Kite Realty Group Trust by $2 to $27. They cite refreshed models after recent results and updated views on the company's long-term growth profile, as well as valuation inputs such as discount rate, profit margin, and future P/E assumptions.Narrative Update • Mar 28
KRG: Share Repurchases And 2026 REIT Turnaround Will Drive Upside Potential
Narrative Update The analyst price target for Kite Realty Group Trust is now framed around a fair value estimate of about $27.73, up from roughly $27.45, as analysts factor in updated models that include a stronger long term growth profile, modestly higher expected revenue growth, and a slightly higher assumed future P/E multiple, along with a small increase in the discount rate and a lower profit margin assumption. Analyst Commentary Recent Street research for Kite Realty Group Trust has centered on modestly higher price targets and a consistent Neutral stance.Narrative Update • Mar 12
KRG: Share Repurchases And 2026 REIT Turnaround Will Guide A Balanced Outlook
Analysts have raised the implied fair value estimate for Kite Realty Group Trust to about $27.45 per share, up from roughly $26.73. This change reflects recent price target increases to $27 that are linked to updated models following Q4 results and evolving views on the REIT sector outlook.Narrative Update • Feb 26
KRG: Share Repurchases And 2026 REIT Turnaround Will Shape A Measured Outlook
Analysts have lifted their average price target for Kite Realty Group Trust by about $0.73 to roughly $26.73, citing updated models that reflect a stronger long term growth profile, improved profit assumptions, and a lower future P/E outlook. Analyst Commentary Recent research reports on Kite Realty Group Trust cluster around a similar view, with multiple firms setting price targets in the mid to high $20 range and maintaining Neutral ratings.Narrative Update • Feb 11
KRG: 2026 REIT Turnaround And Special Dividend Underpin A Measured Outlook
Narrative Update Analysts have inched their price target on Kite Realty Group Trust up by $1 to $25, citing expectations for a potential REIT recovery in 2026. This view is supported by improving macro conditions, easing supply pressures, and stronger catalysts later in the year for shopping center names.Narrative Update • Jan 27
KRG: Sector Turnaround And Portfolio Recycling Will Support A 2026 Rebound
Narrative Update: Kite Realty Group Trust The analyst price target for Kite Realty Group Trust has edged up by $1 to $25, as analysts balance expectations for a broader REIT turnaround and improving sector conditions with concerns about the company's modest projected funds from operations growth and exposure to bankrupt tenants. Analyst Commentary Recent research on Kite Realty Group Trust reflects a mixed stance, with some analysts focusing on potential upside tied to sector conditions and others stressing company specific earnings constraints.Narrative Update • Jan 10
KRG: Sector Tailwinds And Portfolio Recycling Will Support A 2026 Turnaround
Analysts kept their fair value estimate for Kite Realty Group Trust steady at $26.00, while modestly lifting price targets. This reflects a view that slightly lower discount rates, an improved profit margin outlook, and sector level tailwinds for shopping centers offset more cautious revenue growth assumptions.Narrative Update • Nov 14
KRG: Exposure To Bankrupt Tenants Will Diminish As Portfolio Recycling Continues
Analysts have lowered their price target for Kite Realty Group Trust from $26.09 to $26.00. They cite continued earnings headwinds and a lack of near-term catalysts, despite improvements in profit margin and revenue growth metrics.Narrative Update • Oct 30
KRG: Upcoming Dividend Boost And Expansion Will Support Future Outperformance
Analysts have modestly raised their price target for Kite Realty Group Trust from $25.58 to $26.09. They cite recent research that reflects slight adjustments in growth expectations and market outlook.Narrative Update • Sep 17
Sunbelt Expansion Will Drive Retail Demands Despite Execution Challenges
Analysts have modestly lowered their price target for Kite Realty Group Trust to $25.58, citing a lack of near-term catalysts and tenant-related headwinds, though some see longer-term growth potential through portfolio transformation. Analyst Commentary Lack of near-term catalysts expected to drive outperformance versus peers.New Narrative • May 26
Legacy West Acquisition Will Unlock Sun Belt Potential
Portfolio expansion into high-growth markets and strategic acquisitions strengthen revenue opportunities and position Kite favorably amid economic and demographic trends.Seeking Alpha • Apr 22
Kite Realty: Undervalued Sunbelt Star With Double-Digit Lease Spreads
Summary Kite Realty Group is a fundamentally solid shopping center REIT with a high-quality, grocery-anchored retail portfolio concentrated in fast-growing Sunbelt markets. KRG has delivered strong leasing performance, record-high ABR per square foot, and maintains a strong balance sheet with low leverage and ample liquidity. KRG’s 5.1% dividend yield is well-covered, and the stock trades at a discount to its historical valuation, offering attractive total return potential. Read the full article on Seeking AlphaSeeking Alpha • Feb 10
Kite Realty: Top-Tier REIT With A Superior Balance Sheet And Sunbelt Focus
Summary Kite Realty has transformed post-2021 merger, boasting a strong balance sheet, impressive property portfolio, and attractive valuation, focusing on the high-growth Sunbelt region. The company's tenant diversification includes stable core retail and resilient restaurants, though some tenants are vulnerable to economic downturns and e-commerce competition. Occupancy rates are stable at around 95%, with a significant FFO recovery post-pandemic, and a current dividend yield of 4.73% with a low payout ratio. Despite risks like high-interest rates and tenant vulnerabilities, Kite Realty's strategic focus and financial health justify a "Buy" rating with a $30 price target. Read the full article on Seeking AlphaSeeking Alpha • Nov 20
Kite Realty Group: Balanced Growth And Risk Prospects (Rating Downgrade)
Summary KRG's Q3 earnings showed mixed results, with FFO in line but revenue missing expectations; significant price appreciation justifies a HOLD rating. Positive indicators include a 17.4% increase in 3-mile average household income and strong renewal spreads, but tenant credit quality remains a concern. KRG's conservative debt profile and low leverage provide growth potential, but risks like rising construction costs and low credit tenants must be considered. Valuation at a forward P/AFFO multiple of 18.79x places KRG in the middle of its peer group, reflecting its intrinsic value. Read the full article on Seeking AlphaSeeking Alpha • Oct 23
Kite Realty Group: Evaluating Risks Amid Potential
Summary 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. I recommend holding KRG for diversification, given the sector's recent rally. Read the full article on Seeking AlphaShareholder Returns
| KRG | US Retail REITs | US Market | |
|---|---|---|---|
| 7D | -2.1% | -3.0% | -1.1% |
| 1Y | 14.3% | 4.9% | 11.7% |
Return vs Industry: KRG exceeded the US Retail REITs industry which returned 4.9% over the past year.
Return vs Market: KRG exceeded the US Market which returned 11.7% over the past year.
Price Volatility
| KRG volatility | |
|---|---|
| KRG Average Weekly Movement | 2.3% |
| Retail REITs Industry Average Movement | 2.7% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.2% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: KRG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: KRG's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1971 | 228 | John Kite | www.kiterealty.com |
Kite Realty Group Trust is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. The Company’s portfolio is concentrated in high-growth Sun Belt and select strategic gateway markets. Publicly listed since 2004, KRG has more than six decades of experience in developing, operating, and investing in real estate, using a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders.
Kite Realty Group Trust Fundamentals Summary
| KRG fundamental statistics | |
|---|---|
| Market cap | US$5.28b |
| Earnings (TTM) | US$337.31m |
| Revenue (TTM) | US$806.85m |
15.1x
P/E Ratio6.3x
P/S RatioIs KRG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KRG income statement (TTM) | |
|---|---|
| Revenue | US$806.85m |
| Cost of Revenue | US$216.44m |
| Gross Profit | US$590.42m |
| Other Expenses | US$253.10m |
| Earnings | US$337.31m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.68 |
| Gross Margin | 73.18% |
| Net Profit Margin | 41.81% |
| Debt/Equity Ratio | 94.1% |
How did KRG perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield61%
Payout RatioDoes KRG pay a reliable dividends?
See KRG dividend history and benchmarks| Kite Realty Group Trust dividend dates | |
|---|---|
| Ex Dividend Date | Oct 09 2026 |
| Dividend Pay Date | Oct 16 2026 |
| Days until Ex dividend | 21 days |
| Days until Dividend pay date | 28 days |
Does KRG pay a reliable dividends?
See KRG dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 21:24 |
| End of Day Share Price | 2026/09/17 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Kite Realty Group Trust is covered by 29 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Anthony Powell | Barclays |
| Paul Adornato | BMO Capital Markets Equity Research |