NYSE
KRG

Kite Realty Group Trust

REIT-Retail
Real Estate

Prices are adjusted according to historical splits.

Kite Realty Group Trust Stock Price

Vitals

Today's Low:
$22.57
Today's High:
$22.87
Open Price:
$22.57
52W Low:
$15.6892
52W High:
$24.26
Prev. Close:
$22.64
Volume:
1104657

Company Statistics

Market Cap.:
$5.04 billion
Book Value:
16.833
Revenue TTM:
$820.51 million
Operating Margin TTM:
12.84%
Gross Profit TTM:
$590.19 million
Profit Margin:
3.47%
Return on Assets TTM:
0.9%
Return on Equity TTM:
0.76%

Company Profile

Kite Realty Group Trust had its IPO on 2004-08-11 under the ticker symbol KRG.

The company operates in the Real Estate sector and REIT-Retail industry. Kite Realty Group Trust has a staff strength of 236 employees.

Stock update

Shares of Kite Realty Group Trust opened at $22.57 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $22.57 - $22.87, and closed at $22.85.

This is a +0.93% increase from the previous day's closing price.

A total volume of 1,104,657 shares were traded at the close of the day’s session.

In the last one week, shares of Kite Realty Group Trust have increased by +1.24%.

Kite Realty Group Trust's Key Ratios

Kite Realty Group Trust has a market cap of $5.04 billion, indicating a price to book ratio of 1.252 and a price to sales ratio of 6.3001.

In the last 12-months Kite Realty Group Trust’s revenue was $820.51 million with a gross profit of $590.19 million and an EBITDA of $417.13 million. The EBITDA ratio measures Kite Realty Group Trust's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Kite Realty Group Trust’s operating margin was 12.84% while its return on assets stood at 0.9% with a return of equity of 0.76%.

In Q2, Kite Realty Group Trust’s quarterly earnings growth was a positive 143.8% while revenue growth was a positive 3%.

Kite Realty Group Trust’s PE and PEG Ratio

Forward PE
161.2903
Trailing PE
174.1539
PEG
0

Its diluted EPS in the last 12-months stands at $0.13 per share while it has a forward price to earnings multiple of 161.2903 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Kite Realty Group Trust’s profitability.

Kite Realty Group Trust stock is trading at a EV to sales ratio of 10.3131 and a EV to EBITDA ratio of 17.089. Its price to sales ratio in the trailing 12-months stood at 6.3001.

Kite Realty Group Trust stock pays annual dividends of $0.94 per share, indicating a yield of 4.24% and a payout ratio of 8%.

Balance sheet and cash flow metrics

Total Assets
$7.17 billion
Total Liabilities
$178.23 million
Operating Cash Flow
$49.53 million
Capital Expenditure
$28.65 million
Dividend Payout Ratio
8%

Kite Realty Group Trust ended 2024 with $7.17 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.17 billion while shareholder equity stood at $3.69 billion.

Kite Realty Group Trust ended 2024 with $0 in deferred long-term liabilities, $178.23 million in other current liabilities, 2194000.00 in common stock, $-1275617000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $129.25 million and cash and short-term investments were $129.25 million. The company’s total short-term debt was $0 while long-term debt stood at $2.94 billion.

Kite Realty Group Trust’s total current assets stands at $244.51 million while long-term investments were $10.31 million and short-term investments were $0. Its net receivables were $109.55 million compared to accounts payable of $189.62 million and inventory worth $-124785000.00.

In 2024, Kite Realty Group Trust's operating cash flow was $49.53 million while its capital expenditure stood at $28.65 million.

Comparatively, Kite Realty Group Trust paid $0.08 in dividends in 2024.

Other key metrics

Current Trading Price
$22.85
52-Week High
$24.26
52-Week Low
$15.6892
Analyst Target Price
$25.27

Kite Realty Group Trust stock is currently trading at $22.85 per share. It touched a 52-week high of $24.26 and a 52-week low of $24.26. Analysts tracking the stock have a 12-month average target price of $25.27.

Its 50-day moving average was $22.79 and 200-day moving average was $21.12 The short ratio stood at 4.11 indicating a short percent outstanding of 0%.

Around 84% of the company’s stock are held by insiders while 9951.1% are held by institutions.

Frequently Asked Questions About Kite Realty Group Trust

The stock symbol (also called stock or share ticker) of Kite Realty Group Trust is KRG

The IPO of Kite Realty Group Trust took place on 2004-08-11

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About

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of June 30, 2023, the Company owned interests in 181 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.6 million square feet of gross leasable space.

Address

30 South Meridian Street, Indianapolis, IN, United States, 46204