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KRG

Kite Realty Group TrustNYSE:KRG Stock Report

Market Cap

US$4.5b

7D

-10.7%

1Y

38.2%

Updated

01 Dec, 2021

Data

Company Financials +
KRG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance4/6
Financial Health1/6
Dividends3/6

KRG Stock Overview

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

Kite Realty Group Trust Competitors

Kimco Realty

NYSE:KIM

US$13.8b

Regency Centers

NasdaqGS:REG

US$11.9b

Federal Realty Investment Trust

NYSE:FRT

US$9.6b

Brixmor Property Group

NYSE:BRX

US$6.8b

Price History & Performance

Summary of all time highs, changes and price drops for Kite Realty Group Trust
Historical stock prices
Current Share PriceUS$20.12
52 Week HighUS$23.14
52 Week LowUS$14.30
Beta1.36
1 Month Change-0.89%
3 Month Change-2.52%
1 Year Change38.19%
3 Year Change25.36%
5 Year Change-17.03%
Change since IPO-61.31%

Recent News & Updates

Sep 02

Kite And Retail Properties Of America - A Great Match

Kite announced in July that it is acquiring Retail Properties of America in a deal that would create a $7.5B REIT with 185 open-air shopping centers. The merger will bolster Kite's presence in existing markets and provide new exposure to gateway cities while being immediately accretive to earnings. We view this transaction as Kite's way of doubling down on its conviction of "skating to where the puck is going to be".

Shareholder Returns

KRGUS REITsUS Market
7D-10.7%-2.7%-2.8%
1Y38.2%26.7%20.0%

Return vs Industry: KRG exceeded the US REITs industry which returned 26.7% over the past year.

Return vs Market: KRG exceeded the US Market which returned 20% over the past year.

Price Volatility

Is KRG's price volatile compared to industry and market?
KRG volatility
KRG Average Weekly Movement4.6%
REITs Industry Average Movement3.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: KRG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KRG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968113John Kitehttps://www.kiterealty.com

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 retailers 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.

Kite Realty Group Trust Fundamentals Summary

How do Kite Realty Group Trust's earnings and revenue compare to its market cap?
KRG fundamental statistics
Market CapUS$4.46b
Earnings (TTM)US$10.58m
Revenue (TTM)US$278.74m

421.1x

P/E Ratio

16.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRG income statement (TTM)
RevenueUS$278.74m
Cost of RevenueUS$77.43m
Gross ProfitUS$201.31m
ExpensesUS$190.72m
EarningsUS$10.58m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.048
Gross Margin72.22%
Net Profit Margin3.80%
Debt/Equity Ratio102.9%

How did KRG perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

34%

Payout Ratio

Does KRG pay a reliable dividends?

See KRG dividend history and benchmarks
When do you need to buy KRG by to receive an upcoming dividend?
Kite Realty Group Trust dividend dates
Ex Dividend DateJan 06 2022
Dividend Pay DateJan 14 2022
Days until Ex dividend35 days
Days until Dividend pay date43 days

Does KRG pay a reliable dividends?

See KRG dividend history and benchmarks

Valuation

Is Kite Realty Group Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KRG ($20.12) is trading below our estimate of fair value ($83.78)

Significantly Below Fair Value: KRG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KRG is poor value based on its PE Ratio (421.1x) compared to the US REITs industry average (45.6x).

PE vs Market: KRG is poor value based on its PE Ratio (421.1x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: KRG is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: KRG is overvalued based on its PB Ratio (3.7x) compared to the US REITs industry average (2x).


Future Growth

How is Kite Realty Group Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

114.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRG's forecast earnings growth (114.6% per year) is above the savings rate (2%).

Earnings vs Market: KRG's earnings (114.6% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KRG's revenue (27.1% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: KRG's revenue (27.1% per year) is forecast to grow faster 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


Past Performance

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

-3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRG has a large one-off gain of $14.4M impacting its September 30 2021 financial results.

Growing Profit Margin: KRG's current net profit margins (3.8%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: KRG has become profitable over the past 5 years, growing earnings by -3.4% per year.

Accelerating Growth: KRG's earnings growth over the past year (80.8%) exceeds its 5-year average (-3.4% per year).

Earnings vs Industry: KRG earnings growth over the past year (80.8%) exceeded the REITs industry 27.7%.


Return on Equity

High ROE: KRG's Return on Equity (0.9%) is considered low.


Financial Health

How is Kite Realty Group Trust's financial position?


Financial Position Analysis

Short Term Liabilities: KRG's short term assets ($333.7M) exceed its short term liabilities ($85.7M).

Long Term Liabilities: KRG's short term assets ($333.7M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: KRG's net debt to equity ratio (94.9%) is considered high.

Reducing Debt: KRG's debt to equity ratio has increased from 99.9% to 102.9% over the past 5 years.

Debt Coverage: KRG's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: KRG's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

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

3.58%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 01 2021Ex Dividend DateJan 06 2022Dividend Pay DateJan 14 20228 days from Ex DividendBuy in the next 35 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: KRG's dividend (3.58%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: KRG's dividend (3.58%) is low compared to the top 25% of dividend payers in the US market (3.63%).


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 reasonably low payout ratio (33.7%), KRG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KRG's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

John Kite (55 yo)

17.25yrs

Tenure

US$7,355,183

Compensation

Mr. John A. Kite has been the Chief Executive Officer at Kite Realty Group Trust since August 2004. Mr. Kite served as the President of Kite Realty Group Trust since August 2004 until December 2008. Prior...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD7.36M) is above average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: KRG's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: KRG's board of directors are considered experienced (8 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 156.2%.


Top Shareholders

Company Information

Kite Realty Group Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Kite Realty Group Trust
  • Ticker: KRG
  • Exchange: NYSE
  • Founded: 1968
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$4.456b
  • Market Cap: US$4.407b
  • Shares outstanding: 221.44m
  • Website: https://www.kiterealty.com

Number of Employees


Location

  • Kite Realty Group Trust
  • 30 South Meridian Street
  • Suite 1100
  • Indianapolis
  • Indiana
  • 46204
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 00:05
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.