Kite Realty Group Trust

NYSE:KRG Stock Report

Market Cap: US$5.6b

Kite Realty Group Trust Future Growth

Future criteria checks 0/6

Kite Realty Group Trust's earnings are forecast to decline at 60.9% per annum while its annual revenue is expected to grow at 2.2% per year. EPS is expected to decline by 41.9% per annum. Return on equity is forecast to be 3% in 3 years.

Key information

-60.9%

Earnings growth rate

-41.94%

EPS growth rate

Retail REITs earnings growth-2.1%
Revenue growth rate2.2%
Future return on equity2.95%
Analyst coverage

Good

Last updated26 May 2026

Recent future growth updates

Recent updates

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.
Seeking Alpha • Dec 18

Kite Realty: A Great REIT To Watch, Not To Chase

Summary Kite Realty Group Trust remains fundamentally strong, with solid Q3 results, significant asset recycling, buybacks, and a 7.4% dividend hike recently. KRG raised 2025 guidance and continues to benefit from high leasing spreads and constrained open-air retail supply. Despite macro tailwinds like rate cuts, KRG trades near intrinsic value, with a limited upside relative to broader market opportunities. I maintain a Hold rating on KRG, favoring patience for a more attractive entry point amid sector and macro uncertainty. Read the full article on Seeking Alpha
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.
User avatar
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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking Alpha • Aug 09

Kite Realty Group: Evaluating Market Perception Vs. Intrinsic Value

Summary REITs have been struggling due to higher interest rates, but some securities like KRG are undervalued. KRG reported strong Q2 earnings, beating estimates and raising dividends. KRG's credit ratings upgraded, record quarter in relevant categories, and solid guidance for fiscal '24 show strong performance and management. Intrinsic value models show that KRG is undervalued at current share price levels. Read the full article on Seeking Alpha
Seeking Alpha • Apr 16

Kite Realty: Near 52-Week Low With 5% Yield Makes It A Buy

Summary Kite Realty Group is a REIT with a focus on open-air shopping centers in Sunbelt markets. KRG has demonstrated strong operating metrics, including double-digit cash lease spreads. Despite a slowdown in SSNOI growth, KRG is expected to have a transition year in 2024 and offers potential for continued growth thereafter and an attractive dividend yield. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:KRG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202886986N/AN/A3
12/31/202783872104N/A7
12/31/20268036492N/A2
3/31/2026824286263405N/A
12/31/2025844299278430N/A
9/30/2025852140279434N/A
6/30/2025854173269430N/A
3/31/202585114285440N/A
12/31/20248374279419N/A
9/30/2024826-10261412N/A
6/30/2024826-24265410N/A
3/31/202482456253385N/A
12/31/202382147250395N/A
9/30/202382738257408N/A
6/30/202382128238405N/A
3/31/202381410219393N/A
12/31/2022802-13221379N/A
9/30/2022760-110132259N/A
6/30/2022631-10992187N/A
3/31/2022498-12245119N/A
12/31/2021373-8143100N/A
9/30/20212791169114N/A
6/30/20212721376113N/A
3/31/2021266872105N/A
12/31/2020267-165796N/A
9/30/2020274671118N/A
6/30/2020283-968118N/A
3/31/2020302-673128N/A
12/31/2019315-1N/A138N/A
9/30/2019324-47N/A142N/A
6/30/2019335-23N/A142N/A
3/31/2019345-23N/A150N/A
12/31/2018354-47N/A154N/A
9/30/2018356-13N/A150N/A
6/30/2018358-18N/A154N/A
3/31/2018358-6N/A155N/A
12/31/201735912N/A155N/A
9/30/201735913N/A158N/A
6/30/201736112N/A156N/A
3/31/20173560N/A159N/A
12/31/20163541N/A155N/A
9/30/20163553N/A154N/A
6/30/20163535N/A165N/A
3/31/201634912N/A157N/A
12/31/201534715N/A169N/A
9/30/201534515N/A168N/A
6/30/2015347-2N/A105N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRG's earnings are forecast to decline over the next 3 years (-60.9% per year).

Earnings vs Market: KRG's earnings are forecast to decline over the next 3 years (-60.9% per year).

High Growth Earnings: KRG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KRG's revenue (2.2% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: KRG's revenue (2.2% per year) is forecast to grow slower 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%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 19:00
End of Day Share Price 2026/05/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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 31 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.

AnalystInstitution
Wesley GolladayBaird
Anthony PowellBarclays
Anthony PowellBarclays