KRG - Kite Realty Group Trust Stock

Market Summary

USD21.47-0.35

Market Closed

-1.60%

KRG Alerts

Big jump in Earnings (Y/Y)

KRG Stock Price

KRG RSI Chart

KRG Valuation

Market Cap

4.7B

Price/Earnings (Trailing)

167.75

Price/Sales (Trailing)

5.74

Price/Free Cashflow

11.62

KRG Price/Sales (Trailing)

KRG Profitability

Return on Equity

0.25%

Return on Assets

0.13%

Free Cashflow Yield

8.61%

KRG Fundamentals

KRG Revenue

Revenue (TTM)

820.5M

Revenue Y/Y

3.04%

Revenue Q/Q

0.97%

KRG Earnings

Earnings (TTM)

28.1M

Earnings Y/Y

144.14%

Earnings Q/Q

494.66%

Price Action

52 Week Range

16.2224.26

(Low)(High)

Last 7 days

-6.8%

Last 30 days

-1.9%

Last 90 days

3.7%

Trailing 12 Months

22.3%

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)

0.14%

Diluted EPS (TTM)

0.12

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for KRG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-07-03	COLEMAN VICTOR J	acquired	-	-	531	-
2023-06-15	WURTZEBACH CHARLES H	sold	-5,383	21.11	-255	-
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	-
2023-05-10	Peterson Barton R	acquired	-	-	6,308	-

Which funds bought or sold KRG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-20	BARCLAYS PLC	added	5.4	1,522,000	13,636,000	0.01%
2023-09-12	Farther Finance Advisors, LLC	reduced	-8.65	-189	7,551	-%
2023-08-24	Alberta Investment Management Corp	unchanged	-	81,508	1,282,320	0.01%
2023-08-23	Stonebridge Capital Advisors LLC	unchanged	-	757	11,907	-%
2023-08-22	VIRGINIA RETIREMENT SYSTEMS ET AL	unchanged	-	317,541	4,995,670	0.05%
2023-08-21	BOKF, NA	reduced	-18.19	-4,564	31,544	-%
2023-08-21	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	10.27	130,000	866,000	0.01%
2023-08-21	OSAIC HOLDINGS, INC.	added	3.8	298,093	3,034,730	-%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-2.95	207,983	5,930,710	0.01%
2023-08-17	Howard Capital Management Group, LLC	new	-	741,152	741,152	0.07%

Latest Funds Activity

Are funds buying KRG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own KRG

No. of Funds

KRG Alerts

Big jump in Earnings (Y/Y)

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

Recent SEC filings of Kite Realty Group Trust

View All Filings

Date Filed	Form Type	Document
Aug 16, 2023	4	Insider Trading
Aug 07, 2023	10-Q	Quarterly Report
Aug 04, 2023	4	Insider Trading
Aug 04, 2023	4	Insider Trading
Jul 31, 2023	8-K	Current Report
Jul 31, 2023	8-K	Current Report
Jul 05, 2023	4	Insider Trading
Jun 20, 2023	4	Insider Trading

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	48.1B	4.4B	-0.64%	-17.74%	11.24	10.95	14.80%	87.79%
DLR	36.9B	5.1B	-2.01%	17.36%	86.19	7.19	13.73%	-68.04%
EQR	22.8B	2.0B	-6.30%	-11.85%	27.35	11.3	-22.97%	-33.54%
ARE	20.0B	2.7B	-13.66%	-28.12%	26.64	7.46	15.16%	88.51%
KIM	11.0B	1.8B	-6.40%	-7.72%	27.11	6.23	6.75%	-42.80%
MID-CAP
FRT	7.6B	1.1B	-5.28%	2.70%	19.53	6.84	8.31%	38.10%
KRG	4.7B	820.5M	-1.92%	22.31%	167.75	5.74	29.95%	125.56%
VNO	4.3B	1.8B	1.49%	-8.17%	-11.49	2.34	5.60%	-286.96%
MAC	2.4B	866.2M	1.07%	40.86%	-27.99	2.82	0.51%	-335.26%
SMALL-CAP
SLG	2.4B	882.0M	5.01%	-4.95%	-5.46	2.74	11.76%	-239.94%
SKT	2.4B	426.3M	-1.96%	60.49%	25.05	5.56	1.38%	137.97%
PGRE	1.0B	732.3M	-3.86%	-29.19%	-12.06	1.4	-0.03%	-4012.90%
AIV	1.0B	339.3M	-11.18%	-12.50%	-5.75	2.99	88.48%	-168.70%

Kite Realty Group Trust News

Returns for KRG

Cumulative Returns on KRG

4.0%

10-Year Cumulative Returns

1.1%

7-Year Cumulative Returns

10.3%

5-Year Cumulative Returns

27.4%

3-Year Cumulative Returns

Risks for KRG

What is the probability of a big loss on KRG?

52.3%

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

Financials for Kite Realty Group Trust

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	0.8%	821	814	802	760	631	498	373	279	272	266	267	274	283	302	315	327	338	348	354	356	358
Operating Expenses	1.0%	110	109	107	102	87.00	71.00	56.00	-149	-83.27	-	41.00	233	241	273	282	319	316	312	337	310	316
S&GA Expenses	1.3%	56.00	55.00	55.00	52.00	46.00	40.00	34.00	35.00	33.00	31.00	31.00	28.00	28.00	28.00	28.00	25.00	24.00	22.00	21.00	22.00	22.00
Interest Expenses	1.4%	106	104	104	101	87.00	74.00	60.00	50.00	49.00	50.00	50.00	50.00	52.00	55.00	59.00	65.00	66.00	67.00	67.00	66.00	66.00
Net Income	206.8%	28.00	9.00	-12.64	-110	-109	-123	-80.81	11.00	13.00	8.00	-16.22	6.00	-8.72	-5.75	0.00	-47.52	-23.47	-22.74	-46.45	-11.95	-16.47
Net Income Margin	-100.0%	-	0.01*	-0.02*	-0.15*	-0.17*	-0.25*	-0.22*	0.04*	0.05*	0.03*	-0.06*	0.02*	-0.03*	-0.02*	0.00*	-	-	-	-	-	-
Free Cashflow	-100.0%	-	393	379	259	187	119	100	114	113	52.00	42.00	64.00	65.00	74.00	85.00	-	-	-	-	-	-

Balance Sheet
(In Millions)

Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-0.4%	7,165	7,197	7,342	7,400	7,385	7,574	7,640	2,709	2,719	2,755	2,609	2,658	2,812	2,937	2,649	2,714	2,936	3,203	3,172	3,286	3,302
Cash Equivalents	195.6%	129	44.00	116	88.00	99.00	82.00	100	104	94.00	233	44.00	137	252	366	53.00	50.00	60.00	52.00	46.00	41.00	43.00
Liabilities	-0.7%	3,406	3,428	3,516	3,465	3,431	3,610	3,657	1,456	1,448	1,471	1,334	1,371	1,518	1,639	1,307	1,366	1,538	1,769	1,713	1,760	1,754
Long Term Debt	-1.2%	2,938	2,973	3,010	3,013	3,001	3,179	3,151	1,289	1,289	1,315	1,171	1,196	1,346	1,446	1,147	1,199	1,377	1,603	1,543	1,578	1,565
Shareholder's Equity	-0.4%	3,693	3,706	3,767	3,873	3,891	3,899	3,922	1,199	1,213	1,232	1,231	1,242	1,248	1,253	1,289	1,302	1,353	1,387	1,413	1,478	1,499
Retained Earnings	-1.6%	-1,275	-1,255	-1,207	-1,105	-1,051	-1,021	-962	-849	-827	-812	-824	-810	-801	-797	-769	-758	-712	-683	-662	-604	-582
Additional Paid-In Capital	0.0%	4,895	4,896	4,898	4,904	4,901	4,895	4,899	2,070	2,064	2,068	2,085	2,085	2,083	2,081	2,074	2,080	2,080	2,078	2,078	2,077	2,075
Shares Outstanding	0.0%	219	219	219	219	219	219	219	85.00	85.00	84.00	84.00	84.00	84.00	84.00	84.00	84.00	84.00	84.00	84.00	84.00	84.00
Minority Interest	0.5%	6.00	5.00	5.00	5.00	5.00	5.00	5.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	3.1%	405	393	379	259	187	119	100	114	113	105	96.00	118	118	128	138	142	142	150	154	150	154
Share Based Compensation	-4.1%	10.00	10.00	10.00	9.00	9.00	8.00	7.00	7.00	7.00	7.00	6.00	6.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	6.00
Cashflow From Investing	-332.1%	-105	-24.48	-45.15	4.00	77.00	-187	-91.03	-173	-159	-39.86	-80.84	37.00	199	439	417	409	227	72.00	148	80.00	78.00
Cashflow From Financing	33.8%	-263	-398	-312	-270	-259	-81.87	44.00	27.00	-111	-198	-20.90	-67.12	-124	-253	-547	-541	-352	-209	-289	-230	-225
Dividend Payments	4.6%	199	191	180	147	116	86.00	58.00	49.00	38.00	51.00	38.00	58.00	80.00	80.00	133	133	133	133	106	105	104
Buy Backs	-15.4%	1.00	1.00	2.00	16.00	16.00	16.00	15.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00

KRG Income Statement

2023-06-30

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - KRG Trust - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue:
Rental income	$ 205,836	$ 196,205	$ 408,899	$ 387,097
Total revenue	208,759	202,605	415,509	396,996
Expenses:
Property operating	27,232	26,123	54,546	52,051
Real estate taxes	26,697	27,883	53,880	54,742
General, administrative and other	14,499	13,809	27,883	27,118
Merger and acquisition costs	0	(27)	0	898
Depreciation and amortization	109,462	119,761	217,533	241,265
Total expenses	177,890	187,549	353,842	376,074
Gain on sales of operating properties, net	28,440	23,958	28,440	27,126
Operating income	59,309	39,014	90,107	48,048
Interest expense	(27,205)	(25,709)	(52,630)	(51,223)
Income tax (expense) benefit of taxable REIT subsidiary	(45)	188	(16)	259
Equity in earnings (loss) of unconsolidated subsidiaries	118	114	(126)	(200)
Other income (expense), net	304	(162)	707	(265)
Net income (loss)	32,481	13,445	38,042	(3,381)
Net income attributable to noncontrolling interests	(423)	(314)	(593)	(292)
Net income (loss) attributable to common shareholders	$ 32,058	$ 13,131	$ 37,449	$ (3,673)
Net income (loss) per common share
Net income (loss) per common share – basic (in USD per share)	$ 0.15	$ 0.06	$ 0.17	$ (0.02)
Net income (loss) per common share – diluted (in USD per share)	$ 0.15	$ 0.06	$ 0.17	$ (0.02)
Weighted average common shares outstanding - basic (in shares)	219,354,275	219,073,778	219,294,255	219,027,729
Weighted average common shares outstanding - diluted (in shares)	220,032,366	219,744,300	219,999,440	219,027,729
Net income (loss)	$ 32,481	$ 13,445	$ 38,042	$ (3,381)
Change in fair value of derivatives	8,642	17,559	(3,003)	56,497
Total comprehensive income	41,123	31,004	35,039	53,116
Comprehensive income attributable to noncontrolling interests	(529)	(727)	(611)	(930)
Comprehensive income attributable to the Company and common unitholders	40,594	30,277	34,428	52,186
Other property-related revenue
Revenue:
Other revenue	1,883	3,729	3,799	4,919
Fee income
Revenue:
Other revenue	$ 1,040	$ 2,671	$ 2,811	$ 4,980

KRG Balance Sheet

2023-06-30

Consolidated Balance Sheets (Unaudited) - KRG Trust - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets:
Investment properties, at cost	$ 7,670,365	$ 7,732,573
Less: accumulated depreciation	(1,244,282)	(1,161,148)
Net investment properties	6,426,083	6,571,425
Cash and cash equivalents	129,254	115,799
Tenant and other receivables, including accrued straight-line rent of $51,355 and $44,460, respectively	109,552	101,301
Restricted cash and escrow deposits	5,700	6,171
Deferred costs, net	353,714	409,828
Prepaid and other assets	130,485	127,044
Investments in unconsolidated subsidiaries	10,311	10,414
Total assets	7,165,099	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,937,963	3,010,299
Accounts payable and accrued expenses	178,227	207,792
Deferred revenue and other liabilities	289,671	298,039
Total liabilities	3,405,861	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	60,927	53,967
Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,374,275 and 219,185,658 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	2,194	2,192
Additional paid-in capital	4,894,907	4,897,736
Accumulated other comprehensive income	71,323	74,344
Accumulated deficit	(1,275,617)	(1,207,757)
Total shareholders’ equity/Partners’ equity	3,692,807	3,766,515
Noncontrolling interests	5,504	5,370
Total equity	3,698,311	3,771,885
Total liabilities and equity	$ 7,165,099	$ 7,341,982

Kite Realty Group Trust Stock Research

Market Summary

KRG Alerts

KRG Stock Price

KRG RSI Chart

KRG Valuation

KRG Price/Sales (Trailing)

KRG Profitability

KRG Fundamentals

KRG Revenue

KRG Earnings

Price Action

52 Week Range

KRG Financial Health

KRG Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for KRG

Which funds bought or sold KRG recently?

Latest Funds Activity

KRG Alerts

Schedule 13G FIlings of Kite Realty Group Trust

Recent SEC filings of Kite Realty Group Trust

Peers (Alternatives to Kite Realty Group Trust)

Kite Realty Group Trust News

Returns for KRG

Cumulative Returns on KRG

Risks for KRG

What is the probability of a big loss on KRG?

How does KRG drawdown profile look like?

Financials for Kite Realty Group Trust

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)

KRG Income Statement

KRG Balance Sheet

About Kite Realty Group Trust

Market Summary

KRG Alerts

KRG Stock Price

KRG RSI Chart

KRG Valuation

KRG Price/Sales (Trailing)

KRG Profitability

KRG Fundamentals

KRG Revenue

KRG Earnings

Price Action

52 Week Range

KRG Financial Health

KRG Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for KRG

Which funds bought or sold KRG recently?

Latest Funds Activity

KRG Alerts

Schedule 13G FIlings of Kite Realty Group Trust

Recent SEC filings of Kite Realty Group Trust

Peers (Alternatives to Kite Realty Group Trust)

Kite Realty Group Trust News

Returns for KRG

Cumulative Returns on KRG

Risks for KRG

What is the probability of a big loss on KRG?

How does KRG drawdown profile look like?

Financials for Kite Realty Group Trust

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

KRG Income Statement

KRG Balance Sheet

About Kite Realty Group Trust

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)