NYSE : KRG
Kite Realty Group Trust — Financial statements
Real Estate · REIT - Retail · United States
Last price 25.07 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.10B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 776.09M | 830.77M | 826.55M | 810.15M | 782.35M | 367.40M |
| Other Revenue | 16.08M | 13.59M | 10.93M | 11.20M | 19.65M | 5.92M |
| Total Revenue | 792.17M | 844.37M | 837.48M | 821.34M | 802.00M | 373.32M |
| Property Expenses | 213.54M | 220.64M | 217.49M | 210.38M | 211.81M | 105.09M |
| Selling, General & Administrative | 59.16M | 55.46M | 52.56M | 56.14M | 54.86M | 33.98M |
| Depreciation & Amortization | 331.55M | 373.29M | 393.33M | 426.36M | 469.81M | 200.46M |
| Total Operating Expenses | 604.25M | 649.39M | 663.39M | 692.89M | 736.47M | 339.54M |
| Operating Income | 187.91M | 194.97M | 174.09M | 128.46M | 65.53M | 33.79M |
| Interest Expense | -127.42M | -132.58M | -125.69M | -105.35M | -104.28M | -60.45M |
| Income (Loss) on Equity Investments | -10.52M | -11.65M | -1.16M | 33.00K | 256.00K | -416.00K |
| EBT Excluding Unusual Items | 49.98M | 50.75M | 47.24M | 23.14M | -38.49M | -27.07M |
| Merger & Restructuring Charges | -925.00K | -86.52M | ||||
| Gain (Loss) on Sale of Assets | 277.84M | 298.06M | 5.82M | 24.26M | 27.07M | 31.21M |
| Asset Writedown | -50.11M | -51.85M | -66.20M | -477.00K | ||
| Other Unusual Items | 11.61M | 9.04M | 17.69M | 1.99M | 240.00K | 355.00K |
| Pretax Income | 349.94M | 306.00M | 4.55M | 48.92M | -12.11M | -82.03M |
| Income Tax Expense | 1.22M | 467.00K | 139.00K | 533.00K | 43.00K | -310.00K |
| Earnings From Continuing Operations | 348.71M | 305.53M | 4.42M | 48.38M | -12.15M | -81.72M |
| Minority Interest in Earnings | -8.49M | -6.87M | -345.00K | -885.00K | -482.00K | 916.00K |
| Net Income | 340.22M | 298.66M | 4.07M | 47.50M | -12.64M | -80.81M |
| Net Income to Common | 340.22M | 298.66M | 4.07M | 47.50M | -12.64M | -80.81M |
| Basic Shares Outstanding | 205.31M | 218.31M | 219.61M | 219.34M | 219.07M | 110.64M |
| Diluted Shares Outstanding | 205.96M | 218.43M | 219.73M | 219.73M | 219.07M | 110.64M |
| EPS (Basic) | 1.66 | 1.37 | 0.02 | 0.22 | -0.06 | -0.73 |
| EPS (Diluted) | 1.65 | 1.37 | 0.02 | 0.22 | -0.06 | -0.73 |
| Dividend Per Share | 1.16 | 1.10 | 1.03 | 0.97 | 0.87 | 0.72 |
| Operating Margin | 23.72% | 23.09% | 20.79% | 15.64% | 8.17% | 9.05% |
| Profit Margin | 42.95% | 35.37% | 0.49% | 5.78% | -1.58% | -21.64% |
| EBITDA | 469.65M | 499.03M | 480.12M | 435.25M | 380.26M | 186.22M |
| EBITDA Margin | 59.29% | 59.10% | 57.33% | 52.99% | 47.41% | 49.88% |
| D&A For Ebitda | 281.73M | 304.06M | 306.03M | 306.79M | 314.74M | 152.43M |
| EBIT | 187.91M | 194.97M | 174.09M | 128.46M | 65.53M | 33.79M |
| EBIT Margin | 23.72% | 23.09% | 20.79% | 15.64% | 8.17% | 9.05% |
| Funds From Operations (FFO) | 428.72M | 458.64M | 455.83M | 446.89M | 425.85M | 86.44M |
| FFO Per Share | 2.04 | 2.05 | 2.04 | 2.00 | 1.91 | |
| Adjusted Funds From Operations (AFFO) | 327.24M | 347.51M | 327.72M | 446.89M | 425.85M | 82.68M |
| AFFO Per Share | 1.57 | 1.56 | 1.47 | 1.37 | 1.36 | |
| FFO Payout Ratio | 61.94% | 51.56% | 48.66% | 47.11% | 42.18% | 66.87% |
| Effective Tax Rate | 0.35% | 0.15% | 3.05% | 1.09% | ||
| Revenue as Reported | 792.17M | 844.37M | 837.48M | 821.34M | 802.00M | 373.32M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 5.11B | 5.35B | 6.05B | 6.36B | 6.57B | 6.71B |
| Total Real Estate Assets | 5.11B | 5.35B | 6.05B | 6.36B | 6.57B | 6.71B |
| Cash & Equivalents | 32.54M | 36.76M | 128.06M | 36.41M | 115.80M | 93.24M |
| Accounts Receivable | 131.24M | 127.86M | 125.77M | 113.29M | 101.30M | 68.44M |
| Restricted Cash | 124.53M | 441.61M | 5.27M | 5.02M | 6.17M | 7.12M |
| Other Current Assets | 64.97M | 163.51M | 517.81M | 94.77M | 91.90M | 209.53M |
| Trading Asset Securities | 1.50M | 10.61M | 23.06M | 35.14M | 299.00K | |
| Deferred Long-Term Charges | 163.12M | 181.55M | 238.21M | 304.17M | 409.83M | 541.52M |
| Other Long-Term Assets | 401.16M | 364.41M | 19.51M | 9.06M | 10.41M | 11.88M |
| Total Assets | 6.03B | 6.66B | 7.09B | 6.94B | 7.34B | 7.64B |
| Current Portion of Long-Term Debt | 1.36M | 415.18M | ||||
| Current Portion of Leases | 5.24M | |||||
| Long-Term Debt | 2.81B | 2.61B | 3.23B | 2.84B | 3.02B | 3.19B |
| Long-Term Leases | 32.86M | 60.10M | 67.04M | 68.92M | 67.17M | 70.24M |
| Accounts Payable | 178.08M | 221.12M | 198.71M | 187.97M | 193.62M | 150.24M |
| Other Current Liabilities | 11.67M | 544.00K | ||||
| Long-Term Unearned Revenue | 28.64M | 31.46M | 32.18M | 35.34M | 29.95M | 30.12M |
| Other Long-Term Liabilities | 108.58M | 117.66M | 150.35M | 168.68M | 200.93M | 221.06M |
| Total Liabilities | 3.16B | 3.47B | 3.68B | 3.30B | 3.52B | 3.66B |
| Common Stock | 1.98M | 2.09M | 2.20M | 2.19M | 2.19M | 2.19M |
| Additional Paid-In Capital | 4.30B | 4.61B | 4.87B | 4.89B | 4.90B | 4.90B |
| Retained Earnings | -1.58B | -1.56B | -1.60B | -1.37B | -1.21B | -962.91M |
| Comprehensive Income & Other | 18.58M | 23.08M | 36.61M | 52.44M | 74.34M | -15.90M |
| Total Common Equity | 2.74B | 3.07B | 3.31B | 3.57B | 3.77B | 3.92B |
| Minority Interest | 130.15M | 118.17M | 99.97M | 75.72M | 59.34M | 60.32M |
| Shareholders' Equity | 2.87B | 3.19B | 3.41B | 3.64B | 3.83B | 3.98B |
| Total Liabilities & Equity | 6.03B | 6.66B | 7.09B | 6.94B | 7.34B | 7.64B |
| Total Debt | 2.84B | 3.09B | 3.30B | 2.91B | 3.09B | 3.26B |
| Net Cash (Debt) | -2.81B | -3.05B | -3.16B | -2.85B | -2.94B | -3.16B |
| Net Cash Per Share | -13.63 | -13.98 | -14.38 | -12.96 | -13.42 | -28.58 |
| Filing Date Shares Outstanding | 197.97M | 206.79M | 219.66M | 219.45M | 219.18M | 218.95M |
| Total Common Shares Outstanding | 197.97M | 208.98M | 219.67M | 219.45M | 219.19M | 218.95M |
| Book Value Per Share | 13.85 | 14.71 | 15.08 | 16.26 | 17.18 | 17.91 |
| Tangible Book Value | 2.74B | 3.07B | 3.31B | 3.57B | 3.77B | 3.92B |
| Tangible Book Value Per Share | 13.85 | 14.71 | 15.08 | 16.26 | 17.18 | 17.91 |
| Land | 6.80B | 6.94B | 7.59B | 7.68B | 7.66B | 7.55B |
| Construction In Progress | 73.38M | 64.89M | 43.16M | 55.99M | 75.81M | 41.36M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 340.22M | 298.66M | 4.07M | 47.50M | -12.64M | -80.81M |
| Depreciation & Amortization | 281.73M | 304.06M | 306.03M | 306.79M | 314.74M | 152.43M |
| Other Amortization | 50.65M | 67.80M | 81.87M | 111.15M | 153.41M | 48.10M |
| Gain (Loss) on Sale of Assets | -277.84M | -298.06M | -5.82M | -24.26M | -27.07M | -31.21M |
| Asset Writedown | 50.11M | 51.85M | 66.20M | 477.00K | ||
| Stock-Based Compensation | 11.80M | 10.80M | 10.74M | 10.12M | 10.28M | 6.70M |
| Income (Loss) on Equity Investments | 18.11M | 11.65M | 1.16M | -33.00K | ||
| Change in Accounts Receivable | 502.00K | -2.91M | -2.61M | -940.00K | -16.76M | -3.10M |
| Change in Accounts Payable | -22.67M | 3.97M | 1.43M | -3.64M | -20.53M | 10.68M |
| Change in Other Net Operating Assets | 698.00K | -8.40M | -20.44M | -28.22M | 7.52M | 6.86M |
| Other Operating Activities | -6.03M | -9.76M | -23.60M | -24.29M | -29.67M | -9.30M |
| Operating Cash Flow | 386.67M | 429.66M | 419.03M | 394.65M | 379.28M | 100.35M |
| Acquisition of Real Estate Assets | -345.65M | -219.86M | -181.03M | -222.93M | -258.68M | -67.76M |
| Sale of Real Estate Assets | 824.25M | 734.68M | 43.61M | 140.85M | 80.42M | 80.71M |
| Net Sale / Acq. of Real Estate Assets | 478.61M | 514.82M | -137.42M | -82.08M | -178.27M | 12.96M |
| Cash Acquisition | 14.99M | |||||
| Investment in Marketable & Equity Securities | -1.41M | 98.71M | -361.57M | 126.12M | -124.11M | |
| Other Investing Activities | 6.34M | 4.41M | ||||
| Investing Cash Flow | 477.20M | 613.53M | -498.99M | -81.73M | -45.15M | -91.03M |
| Long-Term Debt Issued | 816.54M | 732.99M | 369.10M | 455.00M | 215.00M | |
| Long-Term Debt Repaid | -1.02B | -314.76M | -544.41M | -568.96M | -77.59M | |
| Net Debt Issued (Repaid) | -31.35M | -201.71M | 418.24M | -175.31M | -113.96M | 137.41M |
| Issuance of Common Stock | 83.00K | 78.00K | 74.00K | 86.00K | 30.00K | 31.00K |
| Repurchase of Common Stock | -471.19M | -249.30M | -907.00K | -767.00K | -1.53M | -15.03M |
| Common Dividends Paid | -265.53M | -236.48M | -221.79M | -210.55M | -179.62M | -57.80M |
| Total Dividends Paid | -265.53M | -236.48M | -221.79M | -210.55M | -179.62M | -57.80M |
| Other Financing Activities | -31.30M | -10.94M | -23.53M | -6.92M | -17.43M | -20.15M |
| Net Cash Flow | 64.59M | 344.84M | 92.12M | -80.54M | 21.61M | 53.78M |
| Levered Free Cash Flow | 192.57M | 219.05M | -136.06M | 278.50M | 424.79M | 53.20M |
| Unlevered Free Cash Flow | 264.53M | 294.85M | -62.15M | 340.73M | 486.80M | 88.30M |
| Cash Interest Paid | 133.41M | 133.41M | 130.63M | 120.87M | 113.74M | 59.55M |
| Change in Working Capital | -21.47M | -7.34M | -21.62M | -32.80M | -29.77M | 14.44M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.15B | 5.19B | 5.54B | 5.02B | 4.61B | 4.77B |
| Enterprise Value | 7.96B | 8.23B | 8.83B | 7.95B | 7.62B | 6.06B |
| Last Close Price | 25.07 | 22.76 | 22.80 | 19.75 | 17.39 | 17.25 |
| Price/FFO Ratio | 11.83 | 11.07 | 11.18 | 9.85 | 9.08 | |
| Price/AFFO Ratio | 15.38 | 14.62 | 15.55 | 14.41 | 12.79 | |
| PE Ratio | 15.39 | 17.38 | 1,361.92 | 105.59 | ||
| PS Ratio | 6.48 | 6.15 | 6.62 | 6.11 | 5.75 | 12.78 |
| PB Ratio | 1.81 | 1.63 | 1.62 | 1.38 | 1.21 | 1.20 |
| P/OCF Ratio | 13.27 | 12.08 | 13.23 | 12.71 | 12.16 | 47.53 |
| EV/Sales Ratio | 10.02 | 9.74 | 10.54 | 9.68 | 9.50 | 16.24 |
| EV/EBITDA Ratio | 16.91 | 16.49 | 18.39 | 18.26 | 20.04 | 32.56 |
| EV/EBIT Ratio | 42.26 | 42.20 | 50.71 | 61.86 | 116.27 | 179.45 |
| Debt / Equity Ratio | 0.99 | 0.97 | 0.97 | 0.80 | 0.81 | 0.82 |
| Debt / EBITDA Ratio | 5.97 | 6.12 | 6.78 | 6.59 | 8.00 | 17.22 |
| Net Debt / Equity Ratio | 0.98 | 0.96 | 0.93 | 0.78 | 0.77 | 0.79 |
| Net Debt / EBITDA Ratio | 5.98 | 6.12 | 6.58 | 6.54 | 7.73 | 16.98 |
| Asset Turnover | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.07 |
| Quick Ratio | 0.91 | 0.25 | 1.33 | 0.92 | 1.30 | 1.08 |
| Current Ratio | 1.97 | 1.18 | 3.95 | 1.45 | 1.81 | 2.52 |
| Return on Equity (ROE) | 11.34% | 9.25% | 0.12% | 1.29% | -0.31% | -3.11% |
| Return on Assets (ROA) | 1.85% | 1.77% | 1.55% | 1.12% | 0.55% | 0.41% |
| Return on Invested Capital (ROIC) | 3.22% | 3.00% | 2.54% | 1.89% | 0.93% | 0.69% |
| Earnings Yield | 6.50% | 5.75% | 0.07% | 0.95% | -0.27% | -1.69% |
| Dividend Yield | 4.58% | 4.43% | 4.08% | 4.24% | 4.13% | 3.31% |
| Payout Ratio | 70.47% | 79.18% | 5,448.12% | 443.27% | ||
| Buyback Yield / Dilution | 6.32% | 0.59% | 0.00% | -0.30% | -98.01% | -31.49% |
| Total Shareholder Return | 10.95% | 5.02% | 4.08% | 3.95% | -93.88% | -28.18% |