Loading…
REIT owning open-air, grocery-anchored shopping centers and mixed-use retail properties across the US.
REIT owning open-air, grocery-anchored shopping centers and mixed-use retail properties across the US.
Collects rent under multi-year leases with built-in annual increases and recovers property running costs from tenants. Grocery anchors, supermarkets that draw regular shoppers, bring traffic to the smaller shops that pay higher rent per square foot. The 2021 merger with Retail Properties of America enlarged it considerably.
Moat: narrow (scale, installed base). Owning well-located grocery-anchored centers in growth markets is hard for new entrants to replicate quickly.
Headquarters: Indianapolis, Indiana, US · Founded: 1968 · Employees: 228
Size Kite Realty Group Trust (KRG) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $5.04B, the 1183rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $25.45 on 6 Nov 2026.
Performance Over six months the shares fell 4.4%, against -3.0% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 7.4% over the last twelve months (peer median +5.8%); the operating margin is 23.5% (peer median 38.2%).
Valuation It trades at 1.84× book value against a peer median of 1.21× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 14.6%; Kite Realty Group Trust delivers 11.5%, so the price asks more than the business earns today.
Credit Kite Realty Group Trust has 3 bonds outstanding ($1.00B), rated BBB by the agencies and trading like BBB at a weighted spread of 102 bp.
Short interest Short interest is 6.2% of the free float (15 Oct 2026).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $800M | $853M | $848M | $828M | $809M |
| Revenue growth | — | +1% | +2% | +2% | — |
| Gross profit | $255M | $259M | $237M | $191M | $127M |
| EBITDA | $519M | $568M | $572M | $556M | $535M |
| Net income | $340M | $299M | $4.07M | $47.5M | -$12.6M |
| Free cash flow | $270M | $282M | $280M | $252M | $222M |
| Capital expenditure | $150M | $152M | $141M | $143M | $159M |
| Total debt | $2.94B | $3.20B | $3.44B | $3.06B | $3.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Kite Realty Group Trust KRG | $5.04B | -4% | -7% | 12% | 1.84× | 14.6% |
| Regency Centers REG | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% |
| Brixmor Property BRX | $9.21B | +1% | +5% | 14% | 3.05× | 23.1% |
| Federal Realty Investment Trust FRT | $9.74B | -2% | +8% | 14% | 3.14× | 23.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KRG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.7% | +6.8% | 9th lowest of 21 |
| 6-month return | -4.4% | -3.0% | 11th highest of 21 |
| Return on equity | 11.5% | 5.6% | 5th highest of 21 |
| Price / book | 1.84× | 1.21× | 8th most expensive of 21 |
| Trailing P/E | 15.7× | 22.5× | 6th cheapest of 20 |
| ROE the price implies | 14.6% | 9.3% | 6th most demanding of 21 |
| ROE delivered | 11.5% | 5.5% | 4th highest of 20 |
| Bond spread | 102 bp | 122 bp | 2nd tightest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Kite Realty Group Trust KRG | United States | $5.04B | -4% | -7% | 12% | 1.84× | 14.6% | 11.5% |
| Japan Real Estate Investment 8952.T | Japan | $4.98B | -10% | -1% | 7% | 1.41× | 6.1% | 6.7% |
| Rithm Capital RITM | United States | $5.15B | -6% | +19% | 6% | 0.74× | 8.7% | 5.6% |
| Mapletree Pan Asia Commercial Trust N2IU.SI | Singapore | $4.89B | -7% | -5% | 3% | 0.68× | 5.0% | 2.8% |
| Japan Metropolitan Fund Investment 8953.T | Japan | $4.87B | -8% | 0% | 7% | 1.17× | 4.8% | 7.1% |
| Cousins Properties CUZ | United States | $4.87B | +11% | +8% | 0% | 1.10× | 11.4% | 0.3% |
| Chartwell Retirement Residences CSH-UN.TO | Canada | $5.25B | +3% | +24% | 1% | 3.92× | 22.6% | 0.5% |
| Mirvac MGR.AX | Australia | $5.27B | +14% | +6% | 7% | 0.83× | 9.9% | 7.4% |
| General de Galerias Comerciales GGC.MC | Spain | $4.70B | 0% | +3% | 18% | 3.99× | 13.5% | n/a |
| OUTFRONT Media OUT | United States | $5.42B | -9% | +8% | 36% | 7.82× | 77.8% | 36.2% |
| Keppel DC REIT AJBU.SI | Singapore | $4.67B | -6% | +30% | 11% | 1.26× | 6.8% | 11.4% |
| Gecina GFC.PA | France | $5.47B | -8% | +1% | 2% | 0.48× | 6.9% | 1.6% |
| Sabra Health Care REIT SBRA | United States | $5.51B | +1% | +21% | 3% | 1.94× | 13.0% | 2.5% |
| Americold Realty Trust COLD | United States | $4.57B | +8% | 0% | -16% | 1.89× | 15.5% | -16.5% |
| EPR Properties EPR | United States | $4.56B | +2% | +7% | 13% | 1.95× | 16.8% | 12.7% |
| Covivio COV.PA | France | $5.64B | -16% | +5% | 8% | 0.59× | 8.2% | 7.9% |
| Mapletree Logistics Trust M44U.SI | Singapore | $4.47B | -6% | -1% | 3% | 0.87× | 5.7% | 3.3% |
| Starwood Property Trust STWD | United States | $4.46B | -32% | +11% | 3% | 0.69× | 8.0% | 3.4% |
| Apple Hospitality REIT APLE | United States | $4.46B | +34% | +1% | 6% | 1.42× | 12.2% | 5.5% |
| Tanger SKT | United States | $4.45B | +6% | +11% | 19% | 6.60× | 51.9% | 19.3% |
| Dexus DXS.AX | Australia | $4.44B | 0% | -28% | 5% | 0.65× | 8.0% | 4.9% |
Kite Realty Group Trust has 3 bonds outstanding with $1.00B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.69%, a spread of 102 bp over government bonds.