Kite Realty Group Trust (KRG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.1	$0.36	+260.0%	—	$196.3M	—
Q1 26	$0.11	$0.08	-27.3%	—	$200.7M	—
Q4 25	$0.1	$0.05	-50.0%	—	$204.2M	—
Q3 25	$0.07	$0.05	-28.6%	—	$205.1M	—
Q2 25	$0.05	$0.03	-40.0%	—	$213.4M	—
Q1 25	$0.1	$0.11	+10.0%	—	$221.8M	—
Q4 24	$0.11	$0.1	-9.1%	—	$214.7M	—
Q3 24	$0.08	$0.07	-12.5%	—	$207.3M	—
Q2 24	$0.07	$0.08	+14.3%	—	$212.4M	—
Q1 24	$0.03	$0.05	+66.7%	—	$207.4M	—
Q4 23	$0.01	$0.04	+300.0%	—	$200.3M	—
Q3 23	—	$0.01	—	—	$207.2M	—
Q2 23	—	$0.15	—	—	$208.8M	—
Q1 23	-$0.03	$0.02	+166.7%	—	$206.8M	—
Q4 22	-$0.06	-$0.01	+83.3%	—	$204.7M	—
Q3 22	-$0.09	-$0.04	+55.6%	—	$200.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.37	—	—	$844.4M	—
FY24	—	$0.02	—	—	$841.8M	—
FY23	—	$0.22	—	—	$823M	—
FY22	—	-$0.06	—	—	$802M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$354.1M	$358.8M	$354.2M	$315.2M	$266.6M	$373.3M	$802M	$823M	$841.8M	$844.4M
YoY change	+2.05%	+1.33%	-1.29%	-11%	-15.4%	+40%	+114.8%	+2.62%	+2.29%	+0.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	354.1M	358.8M	354.2M	315.2M	266.6M	373.3M	802M	823M	841.8M	844.4M
Cost of revenue	90.8M	92.8M	92.7M	84.4M	76.9M	105.1M	211.8M	210.4M	217.5M	220.6M
Gross profit	263.4M	266M	261.4M	230.8M	189.8M	268.2M	590.2M	612.6M	624.3M	623.7M
Gross margin	74.4%	74.1%	73.8%	73.2%	71.2%	71.8%	73.6%	74.4%	74.2%	73.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	23.4M	21.7M	21.3M	28.2M	30.8M	34M	54.9M	56.1M	52.6M	55.5M
Operating expenses	23.4M	21.7M	21.3M	28.2M	30.8M	34M	54.9M	56.1M	52.6M	55.5M
Operating income	65.4M	72.2M	88M	70.5M	30.3M	33.8M	65.5M	130.1M	178.5M	195M
Operating margin	18.5%	20.1%	24.8%	22.4%	11.4%	9.05%	8.17%	15.8%	21.2%	23.1%
Non-operating income, net	4.1M	7.3M	-67.9M	-11.5M	3.3M	-55.4M	26.6M	24.1M	-48.2M	243.6M
Pretax income	3.9M	13.8M	-46.7M	-284K	-16.8M	-82M	-12.1M	48.9M	4.6M	306M
Income tax	814K	-100K	-227K	-282K	-696K	-310K	43K	533K	139K	467K
Net income	3.1M	13.9M	-46.5M	-2K	-16.1M	-81.7M	-12.2M	48.4M	4.4M	305.5M
Net margin	0.88%	3.87%	-13.1%	-0%	-6.05%	-21.9%	-1.52%	5.88%	0.52%	36.2%
EBITDA	244.3M	246.4M	243.2M	204.2M	159.6M	236.9M	539M	562.1M	593.2M	572.5M
EPS	0.01	0.14	-0.56	-0.01	-0.19	-0.73	-0.06	0.22	0.02	1.37
Diluted EPS	0.01	0.14	-0.56	-0.01	-0.19	-0.73	-0.06	0.22	0.02	1.37

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	207.2M	200.3M	207.4M	212.4M	207.3M	214.7M	221.8M	213.4M	205.1M	204.2M	200.7M	196.3M
Cost of revenue	54.1M	47.9M	54.6M	55.1M	53M	54.8M	57.6M	55.5M	54.2M	53.3M	55.9M	53M
Gross profit	153.1M	152.4M	152.8M	157.4M	154.3M	159.9M	164.2M	157.9M	150.8M	150.8M	144.8M	143.3M
Gross margin	73.9%	76.1%	73.7%	74.1%	74.4%	74.5%	74%	74%	73.6%	73.9%	72.1%	73%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	13.9M	14.3M	12.8M	13M	13.3M	13.5M	12.3M	13.4M	14.2M	15.6M	13.9M	14.5M
Operating expenses	13.9M	14.3M	12.8M	13M	13.3M	13.5M	12.3M	13.4M	14.2M	15.6M	13.9M	14.5M
Operating income	33.3M	35.2M	39.7M	45.1M	44.4M	49.3M	53.7M	46.6M	47.3M	47.4M	48.3M	47.1M
Operating margin	16.1%	17.6%	19.1%	21.2%	21.4%	23%	24.2%	21.8%	23.1%	23.2%	24.1%	24%
Non-operating income, net	-5.5M	673K	5.3M	-63.3M	4.4M	5.4M	3.5M	100.3M	-30.4M	170.2M	-4.5M	150.6M
Pretax income	2.2M	8.6M	14.6M	-49.2M	17.1M	22M	24.3M	112.8M	-16.3M	185.2M	12.1M	166M
Income tax	68K	449K	158K	132K	35K	-186K	10K	199K	106K	152K	395K	426K
Net income	2.2M	8.2M	14.4M	-49.3M	17.1M	22.2M	24.3M	112.6M	-16.4M	185.1M	11.7M	165.5M
Net margin	1.05%	4.08%	6.96%	-23.2%	8.23%	10.4%	10.9%	52.8%	-8%	90.7%	5.85%	84.3%
EBITDA	141M	139.5M	144.2M	149.5M	145.8M	153.6M	157M	143.4M	135.5M	136.6M	132.9M	132.4M
EPS	0.01	0.04	0.06	-0.22	0.08	0.1	0.11	0.5	-0.07	0.84	0.06	0.8
Diluted EPS	0.01	0.04	0.06	-0.22	0.08	0.1	0.11	0.5	-0.07	0.84	0.06	0.79

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2B	1.6B	1.2B	1.6B	1.3B	—	—	5B	5.5B	5.2B	5.2B
Enterprise value	3.8B	3.4B	2.8B	2.8B	2.5B	—	—	8B	8.3B	8.2B	7.9B
Shares outstanding	83.4M	83.6M	83.7M	83.9M	84.1M	110.6M	219.1M	219.3M	219.6M	218.3M	218.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	628.7	118	—	—	—	—	—	103.6	1.3K	17.1	15.5
P/S	5.53	4.57	3.33	5.2	4.72	—	—	6.09	6.58	6.2	6.39
P/B	1.13	1	0.81	1.22	0.99	—	—	1.38	1.62	1.64	1.73
EV/EBITDA	15.4	13.8	11.3	13.9	15.4	—	—	14.3	14	14.4	16.4
EV/Sales	10.6	9.47	7.78	8.98	9.22	—	—	9.76	9.85	9.74	9.76
Earnings yield	0.16%	0.85%	—	—	—	—	—	0.96%	0.08%	5.84%	6.46%
FCF yield	3.1%	5.02%	8.06%	5.17%	4.55%	—	—	5.03%	5.02%	5.31%	2.96%
PEG	—	—	—	—	—	—	—	—	—	—	0.26

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	74.4%	74.1%	73.8%	73.2%	71.2%	71.8%	73.6%	74.4%	74.2%	73.9%	73%
Operating margin	18.5%	20.1%	24.8%	22.4%	11.4%	9.05%	8.17%	15.8%	21.2%	23.1%	24%
Net margin	0.88%	3.87%	-13.1%	-0%	-6.05%	-21.9%	-1.52%	5.88%	0.52%	36.2%	41.8%
ROE	0.18%	0.85%	-3.18%	-0%	-1.26%	-2.05%	-0.32%	1.33%	0.13%	9.57%	10.7%
ROA	0.09%	0.4%	-1.46%	-0%	-0.62%	-1.07%	-0.17%	0.7%	0.06%	4.58%	1.82%
ROIC	1.47%	2.12%	2.9%	2.78%	1.22%	0.47%	0.94%	1.93%	2.81%	3.15%	3.31%
Return on tangible assets	0.09%	0.41%	-1.49%	-0%	-0.62%	-1.23%	-0.18%	0.75%	0.07%	5.12%	5.68%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.53	0.68	0.84	1.78	1.24	1.05	0.89	0.64	3.3	2.18	0.93
Quick ratio	0.53	0.68	0.84	1.78	1.24	1.05	0.89	0.64	3.3	2.18	2.65
Debt / equity	1.05	1.09	1.11	0.91	0.98	0.86	0.85	0.84	0.95	0.95	0.96
Debt / assets	0.5	0.51	0.51	0.46	0.48	0.45	0.44	0.44	0.46	0.45	0.45
Net debt / EBITDA	7.39	7.14	6.49	5.84	7.51	13.6	5.85	5.37	4.63	5.22	5.02
Interest coverage	1.06	1.21	0.3	1	0.67	-0.36	0.88	1.46	1.04	3.31	3.69
Effective tax rate	20.7%	0%	0%	0%	0%	0%	0%	1.09%	3.05%	0.15%	0.31%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	4.24	4.29	4.23	3.76	3.17	3.37	3.66	3.75	3.83	3.87	3.83
EPS (basic)	0.01	0.14	-0.56	-0.01	-0.19	-0.73	-0.06	0.22	0.02	1.37	1.37
EPS (diluted)	0.01	0.14	-0.56	-0.01	-0.19	-0.73	-0.06	0.22	0.02	1.37	1.6
Book value per share	20.8	19.6	17.4	16	15.1	36	17.5	16.6	15.5	14.6	14.3
FCF per share	0.73	0.98	1.14	1.01	0.68	0.39	1.01	1.15	1.27	1.27	1.28
Cash per share	0.24	0.29	0.42	0.37	0.52	1.97	0.53	0.17	2.18	0.17	0.72
Capex per share	—	—	0	0	0.11	—	—	—	—	0.7	0.68

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	0%	0%	3.43%	—	—	—	—	18%	17.2%
Capex / operating cash flow	—	—	0%	0%	9.11%	—	—	—	—	35.4%	34.8%
Payout ratio	3K%	728.2%	-228.9%	-6.7M%	-236.5%	-70.7%	-1.5K%	435.2%	5K%	77.4%	70%
Dividend yield	4.83%	6.17%	9.02%	8.13%	3.03%	—	—	4.2%	4%	4.52%	4.68%

Yield

4.68%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.29

ex-dividend Jul 9, 2026

Payout ratio

70%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 9, 2026	$0.29
Apr 9, 2026	$0.29
Jan 9, 2026	$0.435

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$207.2M	$200.3M	$207.4M	$212.4M	$207.3M	$214.7M	$221.8M	$213.4M	$205.1M	$204.2M	$200.7M	$196.3M
YoY change	+3.45%	-2.16%	+0.33%	+1.76%	+0.02%	+7.21%	+6.9%	+0.45%	-1.06%	-4.92%	-9.5%	-8.03%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	19.9M	24.1M	35.4M	31.3M	43.6M	218.2M	115.8M	36.4M	478.1M	36.8M
Receivables	53.1M	58.3M	58.1M	55.3M	57.2M	68.4M	56.8M	57.8M	58.4M	56.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	91.7M	103M	122.1M	142.6M	143.7M	293.8M	223.3M	154.7M	682.9M	677.3M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	130.9M	88M	51.1M	22.1M	11.4M	971.4M	686M	459M	476.4M	697.1M
Total assets	3.7B	3.5B	3.2B	2.6B	2.6B	7.6B	7.3B	6.9B	7.1B	6.7B
Accounts payable	80.7M	78.5M	85.9M	72.1M	79.4M	195.8M	219.9M	207.3M	202.7M	221.1M
Short-term debt	76.9M	60.1M	45.6M	-2.6M	25M	55M	—	—	—	85M
Total current liabilities	174.4M	152M	145.7M	80.3M	116.1M	280.9M	249.8M	242.6M	206.7M	310.4M
Long-term debt	1.7B	1.7B	1.6B	1.2B	1.2B	3.4B	3.3B	3.1B	3.2B	2.9B
Total liabilities	1.9B	1.9B	1.7B	1.3B	1.3B	3.7B	3.5B	3.3B	3.7B	3.5B
Shareholders' equity	1.7B	1.6B	1.5B	1.3B	1.3B	4B	3.8B	3.6B	3.4B	3.2B
Total debt	1.8B	1.8B	1.6B	1.2B	1.2B	3.4B	3.3B	3.1B	3.2B	3B
Net debt	1.8B	1.8B	1.6B	1.2B	1.2B	3.3B	3.2B	3B	3.1B	3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	52.3M	36.4M	348.6M	273.8M	467.5M	478.1M	49.1M	182M	68.7M	36.8M	32.5M	144.6M
Receivables	113.1M	57.8M	59.6M	58M	48.5M	58.4M	54.4M	56.2M	57.5M	56.9M	60.7M	57.4M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	320.3M	154.7M	472M	472.3M	661.5M	682.9M	258.9M	400.8M	281.4M	677.3M	410.5M	451.3M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	506.6M	459M	413.2M	369M	338.2M	476.4M	284.8M	243.1M	221.1M	697.1M	167M	171.4M
Total assets	7.1B	6.9B	7.2B	7B	7.1B	7.1B	6.7B	6.9B	6.6B	6.7B	6.4B	6.3B
Accounts payable	210.5M	207.3M	181.5M	198.1M	196.8M	202.7M	161.4M	187.9M	210.4M	221.1M	156.9M	170.3M
Short-term debt	39M	—	—	—	—	—	34M	—	—	85M	53M	—
Total current liabilities	281.2M	242.6M	207.6M	226.4M	226.6M	206.7M	199.6M	220.2M	241.8M	310.4M	213.7M	170.3M
Long-term debt	3.1B	3.1B	3.4B	3.2B	3.5B	3.2B	2.9B	3.1B	3B	2.9B	2.9B	2.8B
Total liabilities	3.3B	3.3B	3.6B	3.5B	3.7B	3.7B	3.3B	3.4B	3.4B	3.5B	3.4B	3.2B
Shareholders' equity	3.7B	3.6B	3.6B	3.5B	3.4B	3.4B	3.4B	3.4B	3.3B	3.2B	3B	3B
Total debt	3.1B	3.1B	3.4B	3.2B	3.5B	3.2B	2.9B	3.1B	3B	3B	3B	2.8B
Net debt	3.1B	3B	3.3B	3.1B	3.3B	3.1B	2.9B	2.9B	2.9B	3B	3B	2.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.1M	13.9M	-46.5M	-2K	-16.1M	-81.7M	-12.2M	48.4M	4.4M	305.5M
Depreciation & amortization	179.1M	174.6M	156.1M	134.9M	130.8M	203.1M	473M	430M	398M	380.2M
Stock-based compensation	5.2M	6M	4.9M	5.4M	6M	6.7M	10.3M	10.1M	10.7M	10.8M
Change in working capital	-14M	-20.8M	-15M	-5.2M	-19.3M	14.4M	-29.8M	-34.5M	-24.8M	-7.3M
Operating cash flow	155.4M	162.4M	87.4M	127.6M	100.2M	131.6M	406.4M	416.8M	354.1M	429.7M
Capital expenditure	—	—	0	0	9.1M	—	—	—	—	-152M
Investing cash flow	-2.5M	-5.7M	-10.8M	-1.3M	8.8M	-105M	131.9M	-1.7M	-362.7M	-57.5M
Dividends paid	-94.7M	-101.1M	-106.3M	-133.3M	-38.1M	-57.8M	-179.6M	-210.5M	-221.8M	-236.5M
Share repurchases	-1.1M	-835K	-350K	-533K	-1.3M	-15M	-1.5M	-767K	-907K	-249.3M
Financing cash flow	-90.9M	-149.3M	-289.4M	-547.2M	-20.9M	44.5M	-312.5M	-393.5M	172.1M	-698.4M
Net change in cash	62M	7.4M	-212.7M	-421M	88.2M	71M	225.7M	21.6M	163.5M	-326.2M
Free cash flow	60.8M	82.2M	95.1M	84.7M	57.2M	43M	220.7M	252.1M	278.1M	277.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.2M	8.2M	14.4M	-49.3M	17.1M	22.2M	24.3M	112.6M	-16.4M	185.1M	11.7M	165.5M
Depreciation & amortization	106.8M	103.8M	101.3M	100.3M	97.7M	98.7M	99.9M	99.6M	91.2M	89.5M	84.3M	83.4M
Stock-based compensation	2.6M	2.4M	2.5M	2.9M	2.7M	2.7M	2.3M	2.9M	2.8M	2.8M	2.7M	3.2M
Change in working capital	2.6M	-2.5M	-53.9M	22.3M	4.5M	-4.8M	-43.7M	22.9M	13.6M	1.3M	-56.6M	20.8M
Operating cash flow	104.3M	103.6M	55.7M	66.9M	113.6M	110.8M	74.2M	132.8M	116.2M	106.6M	49.8M	126.8M
Capital expenditure	—	—	—	—	—	—	—	-41.2M	-30.8M	-38M	-32.4M	-37.8M
Investing cash flow	316K	1.6M	-264.5M	140.8M	-243M	4.1M	340.3M	-295.3M	-30.8M	-37.3M	-32.4M	-40.2M
Dividends paid	-52.6M	-52.7M	-54.9M	-54.9M	-54.9M	-57.1M	-59.3M	-59.4M	-59.4M	-58.5M	-90.1M	-58.9M
Share repurchases	-36K	0	-867K	0	-40K	0	-1.1M	-25K	-70M	-178.1M	-153.9M	-45.7M
Financing cash flow	-123.9M	-94.1M	283.3M	-206.8M	166.8M	-71.2M	-380.3M	49.7M	-213.3M	-154.4M	-280.5M	-160.3M
Net change in cash	-19.3M	11.1M	74.4M	818K	37.3M	43.7M	34.1M	-112.8M	-127.9M	-85.1M	-263.2M	-73.7M
Free cash flow	79.8M	59.6M	25.4M	103.2M	80.4M	71.9M	39.7M	91.7M	85.4M	68.6M	17.3M	88.9M

Kite Realty Group Trust Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history