Kite Realty Group | REIT Profile

Symbol: KRG
CIK: 1286043
Exchange: NYSE
Founded: 1968 (53 years)
HQ: Indianapolis, IN, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

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See KRG on SEC.gov

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Overall Score: 7.1

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Kite Realty Group Company Logo

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Hightlights of Trading Day November 30, 2021


Open Price: $20.04
Closing Price: $20.12
Price Change: -0.21 (-1.033%)
Lowest Price: $19.76
Highest Price: $20.26

52-Week Low: $13.92
52-Week High: $22.94
52-Week Change: 45.00%

5 Day Price Change: -8.67%
1 Month Price Change: 0.15%
3 Month Price Change: -0.03%
6 Month Price Change: -3.28%
YTD Price Change: 39.57%
1 Year Price Change: 40.32%
2 Year Price Change: 14.59%
5 Year Price Change: 10.43%

Dividend of Trading Day November 30, 2021


Dividend Yield: 3.579%*
Annualized Dividend: $0.72*
Dividend Yield (TTM): 3.318%
Annualized Dividend (TTM): $0.6745
Ex-Dividend Date: 2021-09-30
Next Ex-Dividend: 2022-01-06
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $224,514,000
Current Debt: $85,721,000
Revenue: $278,733,000
Gross Profit: $278,733,000
Total Revenue: $278,733,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $165,585,000
Revenue Per Share: $1
Revenue Per Employee: N/A
Employee: 113
Debt to Equity Ratio (D/E): 2.26
Profit Margin: 0.04%
Enterprise Value (EV): $5,887,254,951
Enterprise Value to Revenue (EV/R): 21.12
Price to Sales (P/S): 17.30
Price to Book (P/B): 4.02
Price/Earnings-to-Growth (PEG) Ratio: 5.70
P/E Ratio: 160.57
P/E High: -161.38
P/E Low: -272.76
Forward P/E Ratio: 91.75
Market Capitalization: $4,406,640,872
Beta: 1.08
Latest Volume: 3,096,128
Avg. Total Volume: 1,510,354
Avg. 10-Day Volume: 1,726,927
Avg. 30-Day Volume: 1,510,354
TTM EPS: 0.13
Shares Outstanding: 219,017,936
Float: N/A
50-Day Moving Avg.: $21.60
200-Day Moving Avg.: $20.90

Latest REIT Community Comments on #KRG


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Properties Owned by KRG


Properties Based on REIT's Official Presentation

Properties Types States Countries
68 1 19 1

Please visit REIT’s official webpage for the most up-to-date property list.

KRG Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $18.93 per share you would have been able to buy 52 shares of KRG on 2020-12-01 costing $984.36 @ $18.93 per share you would have been able to buy 26 shares of KRG on 2020-12-01 costing $492.18 @ $18.93 per share you would have been able to buy 13 shares of KRG on 2020-12-01 costing $246.09 @ $18.93 per share you would have been able to buy 5 shares of KRG on 2020-12-01 costing $94.65 @ $18.93 per share you would have been able to buy 2 shares of KRG on 2020-12-01 costing $37.86
Current worth On 2021-11-30 these 52 shares would be worth $1,046.24 @ $20.12 On 2021-11-30 these 26 shares would be worth $523.12 @ $20.12 On 2021-11-30 these 13 shares would be worth $261.56 @ $20.12 On 2021-11-30 these 5 shares would be worth $100.60 @ $20.12 On 2021-11-30 these 2 shares would be worth $40.24 @ $20.12
Dividends earned $35.36 in dividends would have been earned since 2020-12-01 with 52 shares. $18 in dividends would have been earned since 2020-12-01 with 26 shares. $8.84 in dividends would have been earned since 2020-12-01 with 13 shares. $3.40 in dividends would have been earned since 2020-12-01 with 5 shares. $1.36 in dividends would have been earned since 2020-12-01 with 26 shares.
Net (gain / loss)* 97.24 USD 48.62 USD 24.31 USD 9.35 USD 3.74 USD
ROI** 9.88% 9.88% 9.88% 9.88% 9.88%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by KRG. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
KRG 2021-09-30 0.180 --- 2021-08-11 2021-10-01 2021-10-08
KRG 2021-07-08 0.180 5.88% 2021-05-12 2021-07-09 2021-07-16
KRG 2021-04-07 0.170 13.33% 2021-02-11 2021-04-08 2021-04-15
KRG 2021-01-07 0.150 87.50% 2020-12-16 2021-01-08 2021-01-15
KRG 2020-10-01 0.080 53.85% 2020-09-14 2020-10-02 2020-10-09
KRG 2020-07-01 0.052 -83.62% 2020-06-18 2020-07-02 2020-07-09
KRG 2020-03-26 0.318 --- 2020-02-13 2020-03-27 2020-04-03
KRG 2019-12-19 0.318 --- 2019-11-21 2019-12-20 2019-12-27
KRG 2019-09-19 0.318 --- 2019-08-16 2019-09-20 2019-09-27
KRG 2019-06-20 0.318 --- 2019-05-15 2019-06-21 2019-06-28
KRG 2019-03-21 0.318 --- 2019-02-13 2019-03-22 2019-03-29
KRG 2019-01-03 0.318 --- 2018-11-20 2019-01-04 2019-01-11
KRG 2018-10-04 0.318 --- 2018-08-30 2018-10-05 2018-10-12
KRG 2018-07-05 0.318 --- 2018-05-10 2018-07-06 2018-07-13
KRG 2018-04-05 0.318 --- 2018-02-14 2018-04-06 2018-04-13
KRG 2018-01-04 0.318 4.96% 2017-11-29 2018-01-05 2018-01-12
KRG 2017-10-05 0.303 --- 2017-08-11 2017-10-06 2017-10-13
KRG 2017-07-03 0.303 --- 2017-05-11 2017-07-06 2017-07-13
KRG 2017-04-04 0.303 --- 2017-03-07 2017-04-06 2017-04-13
KRG 2017-01-04 0.303 5.22% 2016-11-22 2017-01-06 2017-01-13

Financial Statements Overview


The next Earnings Report for KRG is 2022-02-10

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 214,894,000 228,842,000 43,648,000 129,282,000
Receivables 46,678,000 49,080,000 57,154,000 57,149,000
Inventory 0 0 0 0
Current Assets 305,247,000 324,469,000 143,715,000 233,770,000
Current Assets (Other) 39,489,000 42,859,000 39,975,000 39,304,000
Short Term Investments 39,489,000 42,859,000 39,975,000 39,304,000
Long-term Investments 2,413,958,000 2,430,854,000 2,464,824,000 2,424,346,000
Property, Plant & Equipment Net 2,343,696,000 2,358,854,000 2,388,861,000 2,347,392,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 57,239,000 58,955,000 63,171,000 63,883,000
Net Tangible Assets 1,213,475,000 1,231,871,000 1,230,654,000 1,242,067,000
Total Assets 2,719,205,000 2,755,323,000 2,608,539,000 2,658,116,000
Accounts Payable 0 0 0 0
Liabilities (Other) 83,856,000 83,427,000 85,649,000 86,244,000
Current Liabilities (Other) 74,440,000 72,074,000 77,469,000 88,550,000
Total Current Liabilities 74,440,000 72,074,000 77,469,000 88,550,000
Current Long-term Debt 0 0 0 0
Long-term Debt 1,289,369,000 1,315,248,000 1,170,794,000 1,196,117,000
Total Liabilities 1,505,730,000 1,523,452,000 1,377,885,000 1,416,049,000
Minority Interest 58,065,000 52,703,000 43,973,000 45,138,000
Common Stock 84,509,871 84,336,577 84,194,145 2,085,820,000
Retained Earnings -827,326,000 -812,721,000 -824,306,000 -810,776,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,213,475,000 1,231,871,000 1,230,654,000 1,242,067,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 69,532,000 69,375,000 68,361,000 65,067,000
Cost of Revenue 0 0 0 0
Gross Profit 69,532,000 69,375,000 68,361,000 65,067,000
Research and Development 0 0 0 0
Selling General and Admin 8,159,000 7,276,000 -19,986,000 6,482,000
Operating Expense 56,734,000 57,579,000 64,236,000 60,127,000
Operating Income 12,798,000 11,796,000 4,125,000 4,940,000
Income Expense Net (Other) 0 0 0 0
EBIT 12,554,000 11,478,000 5,381,000 4,523,000
Interest Income 12,266,000 12,242,000 12,285,000 12,550,000
Pretax Income -195,000 25,237,000 -6,344,000 -4,817,000
Income Tax -100,000 -118,000 496,000 -190,000
Minority Interest 147,000 778,000 -47,000 -40,000
Net Income -242,000 24,577,000 -6,793,000 -4,587,000
Net Income Basic -242,000 24,577,000 -6,793,000 -4,587,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income -242,000 24,577,000 -6,793,000 -4,587,000
Depreciation 30,539,000 31,212,000 130,783,000 98,471,000
Changes in Receivables 46,678,000 49,080,000 57,154,000 -4,449,000
Changes in Inventories 0 0 0 0
Cash Change 214,894,000 228,842,000 43,648,000 -100,693,000
Cash Flow 36,094,000 31,305,000 9,752,000 85,763,000
Capital Expenditures -13,330,000 -7,864,000 -38,266,000 -30,622,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -133,348,000 33,882,000 -64,907,000 -15,933,000
Dividends Paid 0 0 0 0
Net Borrowings 1,034,986,000 1,043,547,000 1,087,171,000 1,027,531,000
Cash Flow Financing -41,196,000 120,757,000 -35,576,000 14,674,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Kite Realty Group


Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of June 30, 2017, the company owned interests in 117 operating and redevelopment properties totaling approximately 23.1 million square feet and one development project currently under construction.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
8 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
6 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
10 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
7.1 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this KRG. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Trussville Promenade I Retail N/A Birmingham AL
The Corner Retail N/A Tucson AZ
Killingly Commons Retail N/A Dayville CT

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Brixmor Property Group, Inc. (BRX) 6.5 NYSE Mid-Cap Retail United States
Broadstone Net Lease, Inc. (BNL) 5.5 NYSE Mid-Cap Industrial Health Care Office Retail United States
Essential Properties Realty Trust Inc (EPRT) 9.0 NYSE Mid-Cap Retail United States

Last updated: 2021-12-01 - v2.4