Kite Realty Group Trust (KRG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kite Realty Group Trust

NYSE•Real Estate•REIT - Retail

$25.65-0.13(-0.01%)Pre-market

Market Cap

$5.14B

P/E

15.2x

P/S

6.4x

P/B

1.8x

Kite Realty Group Trust is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. The Company's portfolio is concentrated in high-growth Sun Belt and select strategic gateway markets. Publicly listed since 2004, KRG has more than six decades of experience in developing, operating, and investing in real estate, using a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders. As of June 30, 2026, the Company owned interests in 165 U.S. open-air shopping centers and mixed-use assets, comprising approximately 26.4 million square feet of gross leasable space. Kite Realty Group Trust was incorporated in 1971 in Maryland and based in Indianapolis.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability23/25

Growth15/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality14/25

Strengths

Strong marginsRising earningsCash-backed earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.2x5y range 15.2x – 1347.4x

Currently below its 13-quarter median.

P/S · 6.4x5y range 4.8x – 12.9x

Currently near its 20-quarter median.

P/B · 1.8x5y range 0.9x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 27.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $5.14B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $806.16M
Q. Revenue: $196.26M
TTM EBITDA: $472.61M
TTM Op. Income: $131.35M
Q. Op. Income: $46.16M
TTM Net Income: $337.31M
Q. Net Income: $161.30M
EPS: $0.8
Shares Out.: $202.23M

$806.16M in TTM revenue declined 5.9% YoY, reaching $196.26M last quarter. TTM EBITDA of $472.61M and TTM operating income of $131.35M show growth is flowing through to the bottom line. TTM net income of $337.31M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 65.1%
Op. Margin: 23.5%
Net Margin: 82.2%

Op. margin of 23.5% is up 1.7% YoY — cost efficiency is improving. Net margin at 82.2% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.2x
P/S Ratio: 6.4x
P/B Ratio: 1.8x

At 15.2x P/E, the stock trades within typical market levels. P/S of 6.4x and P/B of 1.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 47% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.27B
Cash: $144.58M
Long-Term Debt: $2.84B
Book Value: $2.87B
D/E Ratio: 1.0
Debt/EBITDA: 22.3

With $6.27B in assets and $2.84B in long-term debt, D/E is 1.0and book value is $2.87B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 9% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $126.78M
TTM Free Cash Flow: $-34.05M
FCF Margin: -4.2%
FCF / Net Income: -0.1

TTM FCF of $-34.05M on $126.78M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.