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KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis

NYSE:KRG - New York Stock Exchange, Inc. - US49803T3005 - REIT

23.31  +0.07 (+0.3%)

After market: 23.31 0 (0%)

Fundamental Rating

4

KRG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. KRG scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, KRG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year KRG was profitable.
KRG had a positive operating cash flow in the past year.
In the past 5 years KRG reported 4 times negative net income.
KRG had a positive operating cash flow in each of the past 5 years.
KRG Yearly Net Income VS EBIT VS OCF VS FCFKRG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

1.2 Ratios

The Return On Assets of KRG (-0.14%) is worse than 61.11% of its industry peers.
KRG has a Return On Equity of -0.29%. This is comparable to the rest of the industry: KRG outperforms 40.48% of its industry peers.
With a Return On Invested Capital value of 1.89%, KRG is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
KRG had an Average Return On Invested Capital over the past 3 years of 0.88%. This is below the industry average of 3.11%.
The 3 year average ROIC (0.88%) for KRG is below the current ROIC(1.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.14%
ROE -0.29%
ROIC 1.89%
ROA(3y)-0.18%
ROA(5y)-0.24%
ROE(3y)-0.35%
ROE(5y)-0.48%
ROIC(3y)0.88%
ROIC(5y)1.16%
KRG Yearly ROA, ROE, ROICKRG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 -1 2 -2 -3

1.3 Margins

KRG has a Operating Margin (19.86%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of KRG has declined.
KRG's Gross Margin of 74.56% is fine compared to the rest of the industry. KRG outperforms 70.63% of its industry peers.
In the last couple of years the Gross Margin of KRG has remained more or less at the same level.
Industry RankSector Rank
OM 19.86%
PM (TTM) N/A
GM 74.56%
OM growth 3Y11.63%
OM growth 5Y-8.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.5%
GM growth 5Y0.16%
KRG Yearly Profit, Operating, Gross MarginsKRG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 60

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KRG is destroying value.
Compared to 1 year ago, KRG has about the same amount of shares outstanding.
The number of shares outstanding for KRG has been increased compared to 5 years ago.
KRG has a better debt/assets ratio than last year.
KRG Yearly Shares OutstandingKRG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
KRG Yearly Total Debt VS Total AssetsKRG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.2 Solvency

KRG has an Altman-Z score of 0.71. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of KRG (0.71) is comparable to the rest of the industry.
KRG has a debt to FCF ratio of 12.19. This is a negative value and a sign of low solvency as KRG would need 12.19 years to pay back of all of its debts.
KRG has a better Debt to FCF ratio (12.19) than 86.51% of its industry peers.
KRG has a Debt/Equity ratio of 0.97. This is a neutral value indicating KRG is somewhat dependend on debt financing.
KRG's Debt to Equity ratio of 0.97 is in line compared to the rest of the industry. KRG outperforms 59.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 12.19
Altman-Z 0.71
ROIC/WACC0.27
WACC7.08%
KRG Yearly LT Debt VS Equity VS FCFKRG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.3 Liquidity

KRG has a Current Ratio of 1.26. This is a normal value and indicates that KRG is financially healthy and should not expect problems in meeting its short term obligations.
KRG has a Current ratio of 1.26. This is comparable to the rest of the industry: KRG outperforms 53.97% of its industry peers.
A Quick Ratio of 1.26 indicates that KRG should not have too much problems paying its short term obligations.
KRG's Quick ratio of 1.26 is in line compared to the rest of the industry. KRG outperforms 56.35% of its industry peers.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.26
KRG Yearly Current Assets VS Current LiabilitesKRG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 47.06% over the past year.
Looking at the last year, KRG shows a decrease in Revenue. The Revenue has decreased by -0.01% in the last year.
KRG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.37% yearly.
EPS 1Y (TTM)47.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%700%
Revenue 1Y (TTM)-0.01%
Revenue growth 3Y45.61%
Revenue growth 5Y18.37%
Sales Q2Q%0.02%

3.2 Future

Based on estimates for the next years, KRG will show a very strong growth in Earnings Per Share. The EPS will grow by 30.58% on average per year.
Based on estimates for the next years, KRG will show a small growth in Revenue. The Revenue will grow by 3.13% on average per year.
EPS Next Y-82.55%
EPS Next 2Y27.66%
EPS Next 3Y30.58%
EPS Next 5YN/A
Revenue Next Year0.82%
Revenue Next 2Y2.12%
Revenue Next 3Y2.74%
Revenue Next 5Y3.13%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
KRG Yearly Revenue VS EstimatesKRG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
KRG Yearly EPS VS EstimatesKRG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 93.24, KRG can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KRG is valued a bit more expensive than 61.11% of the companies in the same industry.
KRG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.94.
A Price/Forward Earnings ratio of 65.01 indicates a quite expensive valuation of KRG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KRG is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.11, KRG is valued quite expensively.
Industry RankSector Rank
PE 93.24
Fwd PE 65.01
KRG Price Earnings VS Forward Price EarningsKRG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

KRG's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, KRG is valued a bit cheaper than the industry average as 73.81% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.27
EV/EBITDA 14.53
KRG Per share dataKRG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

A more expensive valuation may be justified as KRG's earnings are expected to grow with 30.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.66%
EPS Next 3Y30.58%

5

5. Dividend

5.1 Amount

KRG has a Yearly Dividend Yield of 4.43%, which is a nice return.
Compared to an average industry Dividend Yield of 18.51, KRG has a dividend in line with its industry peers.
KRG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 4.43%

5.2 History

The dividend of KRG decreases each year by -5.44%.
KRG has paid a dividend for at least 10 years, which is a reliable track record.
KRG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.44%
Div Incr Years4
Div Non Decr Years4
KRG Yearly Dividends per shareKRG Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

KRG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-2223.51%
EPS Next 2Y27.66%
EPS Next 3Y30.58%
KRG Yearly Income VS Free CF VS DividendKRG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M

KITE REALTY GROUP TRUST

NYSE:KRG (1/17/2025, 8:11:29 PM)

After market: 23.31 0 (0%)

23.31

+0.07 (+0.3%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-30 2024-10-30/amc
Earnings (Next)02-11 2025-02-11/amc
Inst Owners95.43%
Inst Owner Change0.04%
Ins Owners0.67%
Ins Owner Change-3.07%
Market Cap5.12B
Analysts81.33
Price Target31.52 (35.22%)
Short Float %3.47%
Short Ratio4.64
Dividend
Industry RankSector Rank
Dividend Yield 4.43%
Yearly Dividend0.96
Dividend Growth(5Y)-5.44%
DP-2223.51%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-10 2025-01-10 (0.27)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.58%
Min EPS beat(2)13.15%
Max EPS beat(2)32.01%
EPS beat(4)4
Avg EPS beat(4)73.5%
Min EPS beat(4)13.15%
Max EPS beat(4)216.83%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.07%
Min Revenue beat(2)-1.84%
Max Revenue beat(2)-0.3%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-3.74%
Max Revenue beat(4)0.05%
Revenue beat(8)5
Avg Revenue beat(8)0.16%
Revenue beat(12)9
Avg Revenue beat(12)1.88%
Revenue beat(16)13
Avg Revenue beat(16)2.32%
PT rev (1m)1.64%
PT rev (3m)7.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)24.99%
EPS NY rev (1m)0%
EPS NY rev (3m)11.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.39%
Valuation
Industry RankSector Rank
PE 93.24
Fwd PE 65.01
P/S 6.19
P/FCF 19.27
P/OCF 12.44
P/B 1.53
P/tB 1.72
EV/EBITDA 14.53
EPS(TTM)0.25
EY1.07%
EPS(NY)0.36
Fwd EY1.54%
FCF(TTM)1.21
FCFY5.19%
OCF(TTM)1.87
OCFY8.04%
SpS3.77
BVpS15.25
TBVpS13.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.14%
ROE -0.29%
ROCE 2.39%
ROIC 1.89%
ROICexc 1.92%
ROICexgc 2.04%
OM 19.86%
PM (TTM) N/A
GM 74.56%
FCFM 32.11%
ROA(3y)-0.18%
ROA(5y)-0.24%
ROE(3y)-0.35%
ROE(5y)-0.48%
ROIC(3y)0.88%
ROIC(5y)1.16%
ROICexc(3y)0.89%
ROICexc(5y)1.17%
ROICexgc(3y)0.92%
ROICexgc(5y)1.19%
ROCE(3y)1.11%
ROCE(5y)1.46%
ROICexcg growth 3Y19.47%
ROICexcg growth 5Y-6.14%
ROICexc growth 3Y16.8%
ROICexc growth 5Y-7.4%
OM growth 3Y11.63%
OM growth 5Y-8.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.5%
GM growth 5Y0.16%
F-Score5
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.97
Debt/FCF 12.19
Debt/EBITDA 5.71
Cap/Depr 36.16%
Cap/Sales 17.62%
Interest Coverage 250
Cash Conversion 72.51%
Profit Quality N/A
Current Ratio 1.26
Quick Ratio 1.26
Altman-Z 0.71
F-Score5
WACC7.08%
ROIC/WACC0.27
Cap/Depr(3y)31.63%
Cap/Depr(5y)32.73%
Cap/Sales(3y)17.48%
Cap/Sales(5y)16.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%700%
EPS Next Y-82.55%
EPS Next 2Y27.66%
EPS Next 3Y30.58%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.01%
Revenue growth 3Y45.61%
Revenue growth 5Y18.37%
Sales Q2Q%0.02%
Revenue Next Year0.82%
Revenue Next 2Y2.12%
Revenue Next 3Y2.74%
Revenue Next 5Y3.13%
EBIT growth 1Y36.7%
EBIT growth 3Y62.54%
EBIT growth 5Y8.16%
EBIT Next Year376.25%
EBIT Next 3Y72.36%
EBIT Next 5Y51.85%
FCF growth 1Y101.14%
FCF growth 3Y63.95%
FCF growth 5Y21.53%
OCF growth 1Y58.88%
OCF growth 3Y60.47%
OCF growth 5Y20.65%