KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
NYSE:KRG - New York Stock Exchange, Inc. - US49803T3005 - REIT - Currency: USD
Taking everything into account, KRG scores 4 out of 10 in our fundamental rating. KRG was compared to 129 industry peers in the Diversified REITs industry. KRG has a medium profitability rating, but doesn't score so well on its financial health evaluation. KRG is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year KRG was profitable.
In the past year KRG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: KRG reported negative net income in multiple years.
In the past 5 years KRG always reported a positive cash flow from operatings.
1.2 Ratios
KRG has a Return On Assets (0.20%) which is comparable to the rest of the industry.
KRG has a Return On Equity of 0.42%. This is comparable to the rest of the industry: KRG outperforms 42.64% of its industry peers.
The Return On Invested Capital of KRG (2.39%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for KRG is in line with the industry average of 3.15%.
The last Return On Invested Capital (2.39%) for KRG is above the 3 year average (1.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.42% | ||
| ROIC | 2.39% |
ROA(3y)0.19%
ROA(5y)-0.22%
ROE(3y)0.37%
ROE(5y)-0.45%
ROIC(3y)1.52%
ROIC(5y)1.17%
1.3 Margins
KRG has a Profit Margin of 1.59%. This is comparable to the rest of the industry: KRG outperforms 43.41% of its industry peers.
KRG has a Operating Margin (22.48%) which is comparable to the rest of the industry.
KRG's Operating Margin has been stable in the last couple of years.
KRG's Gross Margin of 74.25% is fine compared to the rest of the industry. KRG outperforms 70.54% of its industry peers.
KRG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.48% | ||
| PM (TTM) | 1.59% | ||
| GM | 74.25% |
OM growth 3Y32.78%
OM growth 5Y-1.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.06%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KRG is destroying value.
The number of shares outstanding for KRG remains at a similar level compared to 1 year ago.
KRG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, KRG has a worse debt to assets ratio.
2.2 Solvency
KRG has an Altman-Z score of 0.72. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.72, KRG is doing good in the industry, outperforming 63.57% of the companies in the same industry.
The Debt to FCF ratio of KRG is 9.95, which is on the high side as it means it would take KRG, 9.95 years of fcf income to pay off all of its debts.
KRG has a better Debt to FCF ratio (9.95) than 93.02% of its industry peers.
KRG has a Debt/Equity ratio of 0.86. This is a neutral value indicating KRG is somewhat dependend on debt financing.
KRG's Debt to Equity ratio of 0.86 is fine compared to the rest of the industry. KRG outperforms 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 0.72 |
ROIC/WACC0.34
WACC6.94%
2.3 Liquidity
KRG has a Current Ratio of 0.53. This is a bad value and indicates that KRG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.53, KRG is not doing good in the industry: 78.29% of the companies in the same industry are doing better.
A Quick Ratio of 0.53 indicates that KRG may have some problems paying its short term obligations.
KRG has a Quick ratio of 0.53. This is in the lower half of the industry: KRG underperforms 77.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 48.00% over the past year.
The Revenue has been growing slightly by 3.94% in the past year.
The Revenue has been growing by 21.71% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120%
Revenue 1Y (TTM)3.94%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%6.7%
3.2 Future
The Earnings Per Share is expected to grow by 20.47% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 4.18% on average over the next years.
EPS Next Y15.66%
EPS Next 2Y18.36%
EPS Next 3Y20.47%
EPS Next 5YN/A
Revenue Next Year3.32%
Revenue Next 2Y3.2%
Revenue Next 3Y3.4%
Revenue Next 5Y4.18%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 60.22, which means the current valuation is very expensive for KRG.
KRG's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.30. KRG is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 51.30, which means the current valuation is very expensive for KRG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KRG is on the same level as its industry peers.
KRG is valuated expensively when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.22 | ||
| Fwd PE | 51.3 |
4.2 Price Multiples
KRG's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, KRG is valued cheaply inside the industry as 82.17% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.75 | ||
| EV/EBITDA | 13.24 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KRG does not grow enough to justify the current Price/Earnings ratio.
KRG's earnings are expected to grow with 20.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.84
PEG (5Y)N/A
EPS Next 2Y18.36%
EPS Next 3Y20.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.64%, KRG is a good candidate for dividend investing.
KRG's Dividend Yield is comparable with the industry average which is at 6.43.
KRG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
5.2 History
The dividend of KRG decreases each year by -8.66%.
KRG has paid a dividend for at least 10 years, which is a reliable track record.
As KRG did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-8.66%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
1658.04% of the earnings are spent on dividend by KRG. This is not a sustainable payout ratio.
DP1658.04%
EPS Next 2Y18.36%
EPS Next 3Y20.47%
NYSE:KRG (7/9/2025, 10:17:00 AM)
22.28
+0.08 (+0.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.49%
Inst Owner Change-0.01%
Ins Owners0.68%
Ins Owner Change0.58%
Market Cap4.90B
Analysts77.33
Price Target27.31 (22.58%)
Short Float %4.75%
Short Ratio5.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
Yearly Dividend1.01
Dividend Growth(5Y)-8.66%
DP1658.04%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.98%
Min EPS beat(2)3.14%
Max EPS beat(2)32.82%
EPS beat(4)4
Avg EPS beat(4)20.28%
Min EPS beat(4)3.14%
Max EPS beat(4)32.82%
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)2
Avg Revenue beat(2)2.89%
Min Revenue beat(2)1.96%
Max Revenue beat(2)3.83%
Revenue beat(4)2
Avg Revenue beat(4)0.91%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)3.83%
Revenue beat(8)5
Avg Revenue beat(8)0.39%
Revenue beat(12)9
Avg Revenue beat(12)1.26%
Revenue beat(16)13
Avg Revenue beat(16)2.13%
PT rev (1m)-0.36%
PT rev (3m)-2.82%
EPS NQ rev (1m)-17.58%
EPS NQ rev (3m)-6.01%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)9.57%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.78%
Revenue NY rev (3m)0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.22 | ||
| Fwd PE | 51.3 | ||
| P/S | 5.72 | ||
| P/FCF | 16.75 | ||
| P/OCF | 11.14 | ||
| P/B | 1.5 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 13.24 |
EPS(TTM)0.37
EY1.66%
EPS(NY)0.43
Fwd EY1.95%
FCF(TTM)1.33
FCFY5.97%
OCF(TTM)2
OCFY8.97%
SpS3.9
BVpS14.87
TBVpS13.39
PEG (NY)3.84
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.42% | ||
| ROCE | 3.03% | ||
| ROIC | 2.39% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.54% | ||
| OM | 22.48% | ||
| PM (TTM) | 1.59% | ||
| GM | 74.25% | ||
| FCFM | 34.15% |
ROA(3y)0.19%
ROA(5y)-0.22%
ROE(3y)0.37%
ROE(5y)-0.45%
ROIC(3y)1.52%
ROIC(5y)1.17%
ROICexc(3y)1.54%
ROICexc(5y)1.19%
ROICexgc(3y)1.63%
ROICexgc(5y)1.24%
ROCE(3y)1.92%
ROCE(5y)1.49%
ROICexcg growth 3Y86.98%
ROICexcg growth 5Y1.62%
ROICexc growth 3Y83.34%
ROICexc growth 5Y0.43%
OM growth 3Y32.78%
OM growth 5Y-1.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.06%
GM growth 5Y0.26%
F-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 9.95 | ||
| Debt/EBITDA | 4.8 | ||
| Cap/Depr | 37.1% | ||
| Cap/Sales | 17.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.62% | ||
| Profit Quality | 2142.87% | ||
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 0.72 |
F-Score6
WACC6.94%
ROIC/WACC0.34
Cap/Depr(3y)34.03%
Cap/Depr(5y)31.92%
Cap/Sales(3y)17.94%
Cap/Sales(5y)16.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120%
EPS Next Y15.66%
EPS Next 2Y18.36%
EPS Next 3Y20.47%
EPS Next 5YN/A
Revenue 1Y (TTM)3.94%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%6.7%
Revenue Next Year3.32%
Revenue Next 2Y3.2%
Revenue Next 3Y3.4%
Revenue Next 5Y4.18%
EBIT growth 1Y38.54%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year229.87%
EBIT Next 3Y51.52%
EBIT Next 5Y38.39%
FCF growth 1Y33.21%
FCF growth 3Y86.16%
FCF growth 5Y26.84%
OCF growth 1Y11.75%
OCF growth 3Y61%
OCF growth 5Y24.87%