KRG
Kite Realty Group Trust
KRG's fundamentals are mixed, but it looks cheap: trading at 16x earnings, less than half its usual 126x. Analysts expect earnings growth.
KRG Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
KRG's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like KRG.
KRG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 16x | $25.69 | — |
| Cheap | 22x | $35.35 | +38% |
| Forward | 69x | $25.69 | — |
| Fair | 125x | $201 | +681% |
| Expensive | 292x | $470 | +1729% |
Historical ranges are pointers, not guarantees.
KRG's PE is in its cheap range at 16x. On analysts' estimates for next year's earnings, today's price would be 69x.
KRG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect KRG's earnings to grow and its profitability to improve, with its revenue holding steady.
KRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.37 | -77% |
| Q3 2026 | $1.61 | +152% |
| Q2 2026 | $1.61 | +104% |
| Q1 2026 | $1.32 | +1786% |
| Q4 2025 | $1.37 | +6750% |
| Q3 2025 | $0.64 | +$0.68 |
| Q2 2025 | $0.79 | +$0.90 |
| Q1 2025 | $0.07 | -73% |
| Q4 2024 | $0.02 | -91% |
KRG earned $1.61 per share over the past year, up 152% from the year before.
KRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $190.3M | -7.2% |
| Q2 2026 | $196.3M | -8% |
| Q1 2026 | $200.7M | -9.5% |
| Q4 2025 | $204.2M | -4.9% |
| Q3 2025 | $205.1M | -1.1% |
| Q2 2025 | $213.4M | +0.5% |
| Q1 2025 | $221.8M | +6.9% |
| Q4 2024 | $214.7M | +7.2% |
KRG's revenue is shrinking: $190M last quarter, down 7.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.1% | +3.2 points |
| Q2 2026 | 24% | +1.7 points |
| Q1 2026 | 21% | -3.1 points |
| Q4 2025 | 17% | -5.9 points |
| Q3 2025 | 3.9% | -18 points |
| Q2 2025 | 22% | +32 points |
| Q1 2025 | 24% | +5.2 points |
| Q4 2024 | 23% | +5.3 points |
KRG's operating margin was 7.1% last quarter, up 3.2 points from the same quarter a year ago.
KRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.5M | -47% |
| Q2 2026 | $88.9M | -33% |
| Q1 2026 | $17.3M | -77% |
| Q3 2025 | $116.2M | +3.4% |
| Q2 2025 | $132.8M | -6.5% |
| Q1 2025 | $74.1M | +38% |
| Q4 2024 | $111M | +7.3% |
| Q3 2024 | $112.4M | +1.5% |
KRG's free cash flow was $284M over the past year, down 34% from the year before. Free cash flow isn't a meaningful measure for real estate companies like KRG.
KRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -4.1M shares |
| 1 year | -9.3% | -20.3M shares |
| 3 years | -9.5% | -20.9M shares |
| 5 years | +136% | +115M shares |
| Available history | +136% | +115M shares |
KRG has 199M diluted shares, down 9.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $1.5M |
| Q4 2025 | $146,000 |
| Q3 2025 | $22,000 |
| Q2 2025 | $25,000 |
| Q1 2025 | $1.1M |
| Q4 2024 | — |
KRG has spent almost nothing on buybacks in the past year.
KRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.9x | High |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 5.8x | High |
| Q3 2025 | 5.3x | High |
| Q2 2025 | 4.8x | High |
| Q1 2025 | 5.5x | High |
| Q4 2024 | 6.1x | High |
KRG's net debt is about 5.9 years of its operating earnings (EBITDA), up from 5.3 years a year ago. Net leverage isn't a meaningful measure for real estate companies like KRG.
KRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 40.0 | Neutral |
KRG's weekly RSI is 49 (neutral) and its Stochastic is 40 (neutral).
KRG PE vs Real Estate Sector
| Metric | KRG | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 24x | 33% below |
| PE % | 4 | 23 | 19 pts below |
KRG is trading at 16x earnings, a 33% discount to the Real Estate sector's median of 24x.
KRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.8 | 3.5% above |
| 20 week MA | $26.3 | 2.3% below |
| 50 week MA | $25.8 | 0.3% below |
| 100 week MA | $24.2 | 6.4% above |
| 200 week MA | $23.3 | 10% above |
KRG's trend is mixed: it's above three of its five weekly moving averages, and 10% above its 200-week average.
KRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.3 | $14.8 | -23% |
| 2021 | $14.8 | $21.4 | +44% |
| 2022 | $21.4 | $21.0 | -2.1% |
| 2023 | $21.0 | $22.9 | +9% |
| 2024 | $22.9 | $25.1 | +9.6% |
| 2025 | $25.1 | $24.1 | -3.8% |
| 2026 YTD | $24.1 | $25.7 | +6.6% |
KRG has finished lower in three of the last six years. It's up 6.6% so far in 2026.