Kite Realty Group Trust Stock Research

Market Summary

USD20.05+0.73

Market Closed

3.78%

KRG Alerts

Big jump in Earnings (Y/Y)

KRG Stock Price

KRG RSI Chart

KRG Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

480.55

Price/Sales (Trailing)

5.4

Price/Free Cashflow

11.18

KRG Price/Sales (Trailing)

KRG Profitability

Return on Equity

-0.34%

Return on Assets

-0.17%

Free Cashflow Yield

8.94%

KRG Fundamentals

KRG Revenue

Revenue (TTM)

814.4M

Revenue Y/Y

6.36%

Revenue Q/Q

1.01%

KRG Earnings

Earnings (TTM)

9.2M

Earnings Y/Y

132.08%

Earnings Q/Q

451.43%

Price Action

52 Week Range

16.2223.10

(Low)(High)

Last 7 days

3.2%

Last 30 days

-1.6%

Last 90 days

-8.0%

Trailing 12 Months

-1.1%

KRG Financial Health

Debt/Equity

0.8

Debt/Cashflow

0.13

KRG Investor Care

Dividend Yield

3.82%

Dividend/Share (TTM)

0.79

Shares Dilution (1Y)

0.13%

Diluted EPS (TTM)

0.03

Peers (Alternatives to Kite Realty Group Trust)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	50.6B	4.3B	2.15%	-9.25%	11.63	11.76	18.80%	113.99%
DLR	30.7B	4.9B	11.09%	-20.60%	82.21	6.26	9.82%	-73.28%
EQR	23.9B	2.0B	1.22%	-17.50%	26.03	12.09	-20.93%	-31.79%
ARE	19.7B	2.7B	-5.04%	-29.61%	26.3	7.37	18.91%	81.13%
KIM	13.2B	1.7B	-4.07%	-25.83%	104.43	7.61	15.49%	-81.09%
MID-CAP
FRT	7.4B	1.1B	-5.20%	-18.16%	19.11	6.81	10.19%	46.60%
KRG	4.4B	814.4M	-1.62%	-1.09%	480.55	5.4	63.41%	107.43%
VNO	2.7B	1.8B	5.65%	-56.49%	-7.41	1.51	9.23%	-286.27%
MAC	2.2B	857.9M	-0.88%	-10.58%	-24.97	2.55	-1.75%	-315.36%
SMALL-CAP
SKT	2.2B	421.5M	12.13%	24.54%	24.84	5.24	1.34%	437.34%
SLG	1.6B	862.4M	10.30%	-57.28%	-12.39	1.8	7.01%	-127.00%
AIV	1.3B	184.6M	12.03%	36.81%	13.6	6.79	2.55%	1950.56%
PGRE	979.6M	745.2M	2.04%	-49.37%	-25.75	1.31	2.17%	-183.81%

Financials for Kite Realty Group Trust

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	1.5%	814	802	760	631	498
Operating Expenses	1.3%	109	107	102	87.00	71.00
S&GA Expenses	0.1%	55.00	55.00	52.00	46.00	40.00
Interest Expenses	-0.1%	104	104	101	87.00	74.00
Net Income	172.4%	9.00	-12.64	-110	-109	-123
Net Income Margin	89.2%	-0.02*	-0.15*	-0.17*	-0.25*	-
Free Cahsflow	46.5%	379	259	187	119	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-2.0%	7,197	7,342	7,400	7,385	7,574
Cash Equivalents	-54.5%	53.00	116	88.00	91.00	74.00
Liabilities	-2.5%	3,428	3,516	3,465	3,431	3,610
Long Term Debt	-1.3%	2,973	3,010	3,013	3,001	3,179
Shareholder's Equity	-1.6%	3,706	3,767	3,873	3,891	3,899
Retained Earnings	-3.9%	-1,255	-1,207	-1,105	-1,051	-1,021
Additional Paid-In Capital	0.0%	4,896	4,898	4,904	4,901	4,895
Shares Outstanding	0.1%	219	219	219	219	219
Minority Interest	1.9%	5.00	5.00	5.00	5.00	5.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	3.7%	393	379	259	187	119
Share Based Compensation	-0.5%	10.00	10.00	9.00	9.00	8.00
Cashflow From Investing	45.8%	-24.48	-45.15	4.00	77.00	-187
Cashflow From Financing	-27.5%	-398	-312	-270	-259	-81.87
Dividend Payments	6.1%	191	180	147	116	86.00
Buy Backs	-13.6%	1.00	2.00	16.00	16.00	16.00

Risks for KRG

What is the probability of a big loss on KRG?

55%

Probability that Kite Realty Group Trust stock will be more than 20% underwater in next one year

24.6%

Probability that Kite Realty Group Trust stock will be more than 30% underwater in next one year.

19.6%

Probability that Kite Realty Group Trust stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does KRG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Kite Realty Group Trust was unfortunately bought at previous high price.

Drawdowns

Returns for KRG

Cumulative Returns on KRG

3.2%

10-Year Cumulative Returns

0.7%

7-Year Cumulative Returns

10.6%

5-Year Cumulative Returns

26.2%

3-Year Cumulative Returns

What are the long-term rolling returns for KRG?

FIve years rolling returns for Kite Realty Group Trust.

Annualized Returns

Which funds bought or sold KRG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-06-01	MACQUARIE GROUP LTD	reduced	-0.48	-2,148,310	193,395,000	0.23%
2023-05-26	ProShare Advisors LLC	reduced	-6.86	-65,043	809,227	-%
2023-05-23	Brookfield Corp /ON/	reduced	-39.21	-21,718,600	33,150,800	0.13%
2023-05-22	AMERIPRISE FINANCIAL INC	added	9.46	3,797,850	47,061,800	0.01%
2023-05-22	Arete Wealth Advisors, LLC	reduced	-1.21	-322,969,000	317,000	0.03%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-26.99	-895,000	2,366,000	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-38.42	-118,365,000	186,715,000	0.02%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-0.24	1,746,440	9,702,660	0.10%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.64	-128,000	2,891,000	0.01%
2023-05-17	Advisory Services Network, LLC	reduced	-64.55	-13,543	7,362	-%

Latest Funds Activity

Are funds buying KRG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own KRG

No. of Funds

KRG Alerts

Big jump in Earnings (Y/Y)

Kite Realty Group Trust News

Schedule 13G FIlings of Kite Realty Group Trust

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	14.66%	32,115,662	SC 13G/A
Feb 03, 2023	state street corp	6.13%	13,420,512	SC 13G/A
Jan 26, 2023	blackrock inc.	14.0%	30,712,023	SC 13G/A
Jan 20, 2023	blackrock inc.	14.0%	30,712,023	SC 13G/A
Jan 11, 2023	jpmorgan chase & co	6.9%	15,170,251	SC 13G
Feb 14, 2022	macquarie group ltd	2.93%	6,425,026	SC 13G/A
Feb 11, 2022	state street corp	5.24%	11,479,726	SC 13G/A
Feb 08, 2022	fuller & thaler asset management, inc.	3.12%	6,830,656	SC 13G/A
Jan 27, 2022	blackrock inc.	13.9%	30,549,057	SC 13G/A
Jan 25, 2022	blackrock inc.	13.9%	30,549,057	SC 13G

KRG Fair Value

Show Fair-Value

Recent SEC filings of Kite Realty Group Trust

View All Filings

Date Filed	Form Type	Document
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading

Latest Insider Trading transactions for KRG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-10	Peterson Barton R	acquired	-	-	6,308	-
2023-05-10	Biumi Bonnie	acquired	-	-	6,308	-
2023-05-10	GORSKI GERALD M	acquired	-	-	6,308	-
2023-05-10	WURTZEBACH CHARLES H	acquired	-	-	6,308	-
2023-05-10	Grimes Steven P	acquired	-	-	6,308	-
2023-05-10	Young Caroline L.	acquired	-	-	6,308	-
2023-05-10	Burks Derrick	acquired	-	-	6,308	-
2023-05-10	Lynch Peter L	acquired	-	-	6,308	-
2023-05-10	BINDLEY WILLIAM E	acquired	-	-	6,308	-
2023-05-10	COLEMAN VICTOR J	acquired	-	-	6,308	-

About Kite Realty Group Trust

KRG Income Statement

2023-03-31

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG Trust - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue:
Rental income	$ 203,063	$ 190,892
Total revenue	206,750	194,391
Expenses:
Property operating	27,314	25,928
Real estate taxes	27,183	26,859
General, administrative and other	13,384	13,309
Merger and acquisition costs	0	925
Depreciation and amortization	108,071	121,504
Total expenses	175,952	188,525
Gain on sales of operating properties, net	0	3,168
Operating income	30,798	9,034
Interest expense	(25,425)	(25,514)
Income tax benefit of taxable REIT subsidiary	29	71
Equity in loss of unconsolidated subsidiaries	(244)	(314)
Other income (expense), net	403	(103)
Net income (loss)	5,561	(16,826)
Net (income) loss attributable to noncontrolling interests	(170)	22
Net income (loss) attributable to common shareholders	$ 5,391	$ (16,804)
Net income (loss) per common share
Net income (loss) per common share – basic (in USD per share)	$ 0.02	$ (0.08)
Net income (loss) per common share – diluted (in USD per share)	$ 0.02	$ (0.08)
Weighted average common shares outstanding - basic (in shares)	219,233,569	218,981,168
Weighted average common shares outstanding - diluted (in shares)	219,965,061	218,981,168
Net income (loss)	$ 5,561	$ (16,826)
Change in fair value of derivatives	(11,645)	38,938
Total comprehensive (loss) income	(6,084)	22,112
Comprehensive income attributable to noncontrolling interests	(82)	(203)
Comprehensive (loss) income attributable to the Company and common unitholders	(6,166)	21,909
Other property-related revenue
Revenue:
Other revenue	1,916	1,190
Fee income
Revenue:
Other revenue	$ 1,771	$ 2,309

KRG Balance Sheet

2023-03-31

Consolidated Balance Sheets (Unaudited) - KRG Trust - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Investment properties, at cost	$ 7,719,677	$ 7,732,573
Less: accumulated depreciation	(1,210,937)	(1,161,148)
Net investment properties	6,508,740	6,571,425
Cash and cash equivalents	43,733	115,799
Tenant and other receivables, including accrued straight-line rent of $47,863 and $44,460, respectively	103,474	101,301
Restricted cash and escrow deposits	8,962	6,171
Deferred costs, net	381,539	409,828
Prepaid and other assets	117,424	127,044
Investments in unconsolidated subsidiaries	10,341	10,414
Assets associated with investment property held for sale	22,727	0
Total assets	7,196,940	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,972,567	3,010,299
Accounts payable and accrued expenses	160,142	207,792
Deferred revenue and other liabilities	294,760	298,039
Liabilities associated with investment property held for sale	939	0
Total liabilities	3,428,408	3,516,130
Commitments and contingencies
Limited Partners’ interests in Operating Partnership and other	57,054	53,967
Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,325,898 and 219,185,658 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	2,193	2,192
Additional paid-in capital	4,896,049	4,897,736
Accumulated other comprehensive income	62,787	74,344
Accumulated deficit	(1,255,025)	(1,207,757)
Total shareholders’ equity/Partners’ equity	3,706,004	3,766,515
Noncontrolling interests	5,474	5,370
Total equity	3,711,478	3,771,885
Total liabilities and equity	$ 7,196,940	$ 7,341,982