KRG

Kite Realty Group Trust

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21.240

+0.26(1.239%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

21.300

Open

21.100

VWAP

21.22

Vol

2.40M

Mkt Cap

4.85B

Low

20.970

Amount

50.88M

EV/EBITDA(TTM)

13.37

Total Shares

219.65M

7.87B

EV/OCF(TTM)

17.91

P/S(TTM)

5.74

Kite Realty Group Trust is a real estate investment trust (REIT). The Company, through its subsidiary, Kite Realty Group, L.P., is engaged in the ownership, operation, acquisition, development and redevelopment of open-air, grocery-anchored shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in Sun Belt and various markets in the United States. It collects contractual rents and reimbursement payments from tenants under existing lease agreements at each of its properties. It owns interests in approximately 180 operating retail properties totaling approximately 27.8 million square feet and two office properties with 0.4 million square feet. Of the 180 operating retail properties, 10 contain an office component. It also owns one development project under construction. Its subsidiaries also include 3503 RP Carillon 1A Apartment, L.L.C., Brentwood Land Partners, LLC, Carmel Corner Holdings, LLC and Kite Eagle Creek, LLC, among others.

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Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

219.39M

+2.18%

216.29M

+4.36%

217.15M

+2.22%

Estimates Revision

The market is revising Upward the revenue expectations for Kite Realty Group Trust (KRG) for FY2025, with the revenue forecasts being adjusted by 0.14% over the past three months. During the same period, the stock price has changed by -7.29%.

Revenue Estimates for FY2025

Revise Upward

+0.14%

In Past 3 Month

Stock Price

Go Down

-7.29%

In Past 3 Month

4 Analyst Rating

16.53% Upside

Wall Street analysts forecast KRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KRG is 24.75 USD with a low forecast of 24.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

2 Hold

0 Sell

Moderate Buy

16.53% Upside

Current: 21.240

Low

24.00

Averages

24.75

High

26.00

16.53% Upside

Current: 21.240

Low

24.00

Averages

24.75

High

26.00

Piper Sandler

Alexander Goldfarb

Neutral

downgrade

$25 -> $24

2025-08-04

Reason

Piper Sandler

Alexander Goldfarb

Price Target

$25 -> $24

2025-08-04

downgrade

Neutral

Reason

Piper Sandler analyst Alexander Goldfarb lowered the firm's price target on Kite Realty to $24 from $25 and keeps a Neutral rating on the shares. The firm adjusted real estate models with Q2 earnings underway. The earnings season thus far has shown retail and office stronger, while apartments have been weaker, the analyst tells investors in a research note.

UBS

Michael Goldsmith

Neutral

initiated

$24

2025-07-01

Reason

UBS

Michael Goldsmith

Price Target

$24

2025-07-01

initiated

Neutral

Reason

UBS analyst Michael Goldsmith initiated coverage of Kite Realty with a Neutral rating and $24 price target. The firm sees near-term pressure from challenged tenants with intermediate-term opportunities from transforming its portfolio, the analyst tells investors in a research note.

Raymond James

Strong Buy

maintain

$28 -> $26

2025-05-23

Reason

Raymond James

Price Target

$28 -> $26

2025-05-23

maintain

Strong Buy

Reason

Raymond James lowered the firm's price target on Kite Realty to $26 from $28 and keeps a Strong Buy rating on the shares. Kite reported a large beat in Q1 primarily driven by higher than expected lease termination fees, raised its full year funds from operations guidance, and announced a new joint venture, the analyst tells investors in a research note. The firm believes lower growth in 2025 due to tenant fallout is more than priced in.

Wells Fargo

Dori Kesten

Hold

Maintains

$26 → $24

2025-03-26

Reason

Wells Fargo

Dori Kesten

Price Target

$26 → $24

2025-03-26

Maintains

Hold

Reason

Wells Fargo lowered the firm's price target on Kite Realty to $24 from $26 and keeps an Equal Weight rating on the shares. The firm believes leasing demand remains strong. However, Wells expects Q1 calls to have a modestly more measured tone.

Raymond James

RJ Milligan

Strong Buy

Maintains

$31 → $28

2025-03-10

Reason

Raymond James

RJ Milligan

Price Target

$31 → $28

2025-03-10

Maintains

Strong Buy

Reason

Raymond James lowered the firm's price target on Kite Realty to $28 from $31 and keeps a Strong Buy rating on the shares. The firm updated real estate investment trust shopping center models are updating to reflect the Q4 results and 2025 outlooks. It believes lower growth is already more than priced into Kite Realty shares.

Piper Sandler

Alexander Goldfarb

Buy

Hold

Downgrades

$33 → $25

2025-02-13

Reason

Piper Sandler

Alexander Goldfarb

Price Target

$33 → $25

2025-02-13

Downgrades

Buy

Hold

Reason

Piper Sandler downgraded Kite Realty to Neutral from Overweight with a price target of $25, down from $33. The company's earnings rebound will take longer than its shopping center peers, the analyst tells investors in a research note. Piper views the "outsized" retailer bankruptcy impact on Kite versus shopping center peers "more like an unlucky hand of cards, rather than a reflection of its portfolio quality, as its exposure was more than peers." It cites backfill headwinds for the downgrade.

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Valuation Metrics

The current forward P/E ratio for Kite Realty Group Trust (KRG.N) is 62.37, compared to its 5-year average forward P/E of 2.26. For a more detailed relative valuation and DCF analysis to assess Kite Realty Group Trust 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

2.26

Current PE

62.37

Overvalued PE

321.55

Undervalued PE

-317.03

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

13.70

Current EV/EBITDA

13.28

Overvalued EV/EBITDA

15.73

Undervalued EV/EBITDA

11.66

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

5.45

Current PS

5.78

Overvalued PS

6.50

Undervalued PS

4.40