Kite Realty Group Trust

NYSE:KRG Stock Report

Market Cap: US$5.6b

Kite Realty Group Trust Valuation

Is KRG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KRG ($25.12) is trading below our estimate of fair value ($28.77)

Significantly Below Fair Value: KRG is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KRG?

Key metric: As KRG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KRG. This is calculated by dividing KRG's market cap by their current revenue.
What is KRG's PS Ratio?
PS Ratio6.7x
SalesUS$827.40m
Market CapUS$5.62b

Price to Sales Ratio vs Peers

How does KRG's PS Ratio compare to its peers?

The above table shows the PS ratio for KRG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9x
SRC Spirit Realty Capital
7.9x4.9%US$6.0b
ADC Agree Realty
12.1x12.7%US$7.2b
PECO Phillips Edison
7.3x6.4%US$5.2b
NNN NNN REIT
8.7x4.5%US$7.6b
KRG Kite Realty Group Trust
6.7x3.6%US$5.6b

Price-To-Sales vs Peers: KRG is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (9x).

Price to Sales Ratio vs Industry

How does KRG's PS Ratio compare vs other companies in the US Retail REITs Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
RVIC Retail Value
0.1xn/aUS$5.72m
WHLR Wheeler Real Estate Investment Trust
0.05xn/aUS$5.32m
PRET.Q Pennsylvania Real Estate Investment Trust
0.01xn/aUS$2.98m
SGIC Strategic Realty Trust
0.3xn/aUS$767.02k
No more companies available in this PS range
KRG 6.7xIndustry Avg. 6.7xNo. of Companies6PS03.26.49.612.816+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KRG is expensive based on its Price-To-Sales Ratio (6.7x) compared to the US Retail REITs industry average (6.7x).

Price to Sales Ratio vs Fair Ratio

What is KRG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KRG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.7x
Fair PS Ratio6.7x

Price-To-Sales vs Fair Ratio: KRG is good value based on its Price-To-Sales Ratio (6.7x) compared to the estimated Fair Price-To-Sales Ratio (6.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KRG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$25.12
US$30.90
+23.0%
4.9%US$33.00US$28.00n/a10
Dec ’25US$27.57
US$30.67
+11.2%
5.5%US$33.00US$28.00n/a9
Nov ’25US$25.80
US$28.56
+10.7%
8.4%US$33.00US$26.00n/a9
Oct ’25US$26.26
US$28.56
+8.7%
8.4%US$33.00US$26.00n/a9
Sep ’25US$26.08
US$27.33
+4.8%
6.7%US$30.00US$24.00n/a9
Aug ’25US$24.78
US$25.78
+4.0%
9.1%US$30.00US$23.00n/a9
Jul ’25US$22.22
US$25.70
+15.7%
8.4%US$30.00US$23.00n/a10
Jun ’25US$21.92
US$25.70
+17.2%
8.4%US$30.00US$23.00n/a10
May ’25US$21.42
US$25.50
+19.0%
9.2%US$30.00US$22.00n/a10
Apr ’25US$21.19
US$25.50
+20.3%
9.2%US$30.00US$22.00n/a10
Mar ’25US$21.28
US$25.67
+20.6%
9.2%US$30.00US$22.00n/a9
Feb ’25US$21.72
US$25.60
+17.9%
8.8%US$30.00US$22.00n/a10
Jan ’25US$22.86
US$25.50
+11.5%
9.5%US$30.00US$21.00n/a10
Dec ’24US$22.00
US$25.10
+14.1%
9.2%US$28.00US$21.00US$27.5710
Nov ’24US$21.58
US$25.40
+17.7%
7.7%US$28.00US$22.00US$25.8010
Oct ’24US$21.42
US$25.50
+19.0%
8.1%US$28.00US$22.00US$26.2610
Sep ’24US$22.57
US$25.45
+12.8%
7.7%US$28.00US$22.00US$26.0811
Aug ’24US$23.53
US$24.82
+5.5%
9.5%US$28.00US$20.00US$24.7811
Jul ’24US$22.34
US$24.91
+11.5%
9.1%US$28.00US$20.00US$22.2211
Jun ’24US$19.32
US$24.73
+28.0%
9.8%US$28.00US$20.00US$21.9211
May ’24US$20.54
US$24.80
+20.7%
8.0%US$27.00US$21.00US$21.4210
Apr ’24US$20.92
US$25.00
+19.5%
8.0%US$27.00US$21.00US$21.199
Mar ’24US$21.68
US$25.00
+15.3%
7.1%US$27.00US$22.00US$21.289
Feb ’24US$22.01
US$25.10
+14.0%
7.0%US$27.00US$22.00US$21.7210
Jan ’24US$21.05
US$25.00
+18.8%
10.0%US$27.00US$19.00US$22.8610
Dec ’23US$22.62
US$24.70
+9.2%
9.8%US$27.00US$19.00US$22.0010

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:37
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Kite Realty Group Trust is covered by 28 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