KITE REALTY GROUP TRUST (KRG)
US49803T3005 - REIT
KRG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. The financial health of KRG is average, but there are quite some concerns on its profitability. KRG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
KRG had positive earnings in the past year.
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.
1.2 Ratios
KRG has a worse Return On Assets (-0.14%) than 61.42% of its industry peers.
With a Return On Equity value of -0.29%, KRG perfoms like the industry average, outperforming 40.16% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.89%, KRG is doing worse than 70.87% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KRG is below the industry average of 3.10%.
The last Return On Invested Capital (1.89%) for KRG is above the 3 year average (0.88%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
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.
The Gross Margin of KRG (74.56%) is better than 70.08% 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
The debt/assets ratio for KRG has been reduced compared to a year ago.
2.2 Solvency
KRG has an Altman-Z score of 0.85. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
KRG has a Altman-Z score of 0.85. This is in the better half of the industry: KRG outperforms 62.99% of its industry peers.
The Debt to FCF ratio of KRG is 12.19, which is on the high side as it means it would take KRG, 12.19 years of fcf income to pay off all of its debts.
KRG's Debt to FCF ratio of 12.19 is amongst the best of the industry. KRG outperforms 85.83% 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 has a Debt to Equity ratio (0.97) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 12.19 | ||
| Altman-Z | 0.85 |
ROIC/WACC0.26
WACC7.16%
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 55.12% 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 56.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 47.06% over the past year.
KRG shows a decrease in Revenue. In the last year, the revenue decreased by -0.01%.
Measured over the past years, KRG shows a quite strong growth in Revenue. The Revenue has been growing by 18.37% on average per year.
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
The Earnings Per Share is expected to grow by 29.45% on average over the next years. This is a very strong growth
KRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.74% yearly.
EPS Next Y-82.55%
EPS Next 2Y26.76%
EPS Next 3Y29.45%
EPS Next 5YN/A
Revenue Next Year1.22%
Revenue Next 2Y2.37%
Revenue Next 3Y2.87%
Revenue Next 5Y2.74%
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
A Price/Earnings ratio of 109.60 indicates a quite expensive valuation of KRG.
Based on the Price/Earnings ratio, KRG is valued a bit more expensive than 60.63% of the companies in the same industry.
When comparing the Price/Earnings ratio of KRG to the average of the S&P500 Index (29.29), we can say KRG is valued expensively.
A Price/Forward Earnings ratio of 77.51 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.
When comparing the Price/Forward Earnings ratio of KRG to the average of the S&P500 Index (24.01), we can say KRG is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 109.6 | ||
| Fwd PE | 77.51 |
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 a bit cheaper than 72.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.65 | ||
| EV/EBITDA | 16.11 |
4.3 Compensation for Growth
A more expensive valuation may be justified as KRG's earnings are expected to grow with 29.45% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.76%
EPS Next 3Y29.45%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 3.79%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.28, KRG is paying slightly less dividend.
KRG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
5.2 History
The dividend of KRG decreases each year by -5.44%.
KRG has been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
The earnings of KRG are negative and hence is the payout ratio. KRG will probably not be able to sustain this dividend level.
DP-2223.51%
EPS Next 2Y26.76%
EPS Next 3Y29.45%
KITE REALTY GROUP TRUST
NYSE:KRG (11/22/2024, 8:04:00 PM)
After market: 27.4 0 (0%)27.4
+0.21 (+0.77%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.02B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 109.6 | ||
| Fwd PE | 77.51 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.14% | ||
| ROE | -0.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 19.86% | ||
| PM (TTM) | N/A | ||
| GM | 74.56% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)47.06%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-82.55%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.01%
Revenue growth 3Y45.61%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y