KRG

Real Estate

Kite Realty Group Trust · REIT - Retail · $5B

UQS Score — Balanced Preset
41.3
Below Average

Kite Realty Group Trust scores 41.3/100 using the Balanced preset.

UQS vs Real Estate Sector
KRG
41.3
Sector avg
38.4
Quality
Good
Moat
Weak
Growth
Weak
Risk
Neutral
Valuation
Neutral

What is Kite Realty Group Trust?

Kite Realty Group Trust is a vertically integrated REIT focused on open-air retail centers across desirable U.S. markets. The trust connects everyday consumers with retailers through a portfolio of neighborhood, community, and lifestyle shopping destinations.

KRG owns, operates, and redevelops open-air shopping centers, generating revenue primarily through tenant leases. Its vertically integrated structure means the trust handles leasing, property management, development, and redevelopment in-house. This approach allows KRG to actively optimize its portfolio — repositioning underperforming assets and pursuing value-add redevelopment projects — rather than relying on third-party operators to manage day-to-day performance.

Kite Realty Group Trust was founded in 2004 and is headquartered in Indianapolis, Indiana.

  • Neighborhood and community shopping centers
  • Lifestyle retail centers in high-demand markets
  • In-house property development and redevelopment
  • Vertically integrated leasing and asset management

Is KRG a Good Stock to Buy?

UQS Score rates KRG as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.

Among KRG's pillars, Quality stands out as the relative bright spot, suggesting the trust maintains a reasonable operational foundation compared to its weaker areas. Valuation comes in at Neutral, meaning the stock is not obviously expensive or cheap relative to fundamentals — a modest anchor for investors weighing entry points.

Moat, Growth, and Risk all register as Weak, pointing to limited competitive differentiation, constrained expansion prospects, and elevated risk factors that investors should weigh carefully.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does KRG pay dividends?

Yes — Kite Realty Group Trust pays a dividend.

KRG pays a regular dividend, consistent with its REIT structure — REITs are required by law to distribute the majority of taxable income to shareholders. This makes KRG a consideration for income-oriented investors. The sustainability of that dividend, however, depends on the trust's ability to maintain occupancy and rental income across its portfolio, which ties directly to the Risk pillar.

When does KRG report earnings?

Kite Realty Group Trust reports earnings on a quarterly cadence, typical for U.S.-listed REITs.

KRG's quarterly results tend to reflect leasing activity, occupancy trends, and same-store net operating income movement across its open-air portfolio. Redevelopment completions and new lease commencements can meaningfully shift reported figures from one quarter to the next.

For the most recent quarter's results and guidance updates, visit Kite Realty Group Trust's investor relations page directly.

KRG Price History

+55.0% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Kite Realty Group Trust?

$
Today it would be worth
$16,557
That's a +65.6% total return, or +10.6% annualized.

Based on Kite Realty Group Trust's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

KRG Long-term Outlook

KRG's Growth and Risk pillars both register as Weak, suggesting the near-term fundamental outlook is cautious. Open-air retail REITs face ongoing pressure from shifting consumer habits and tenant credit risk, and KRG's portfolio is not immune. That said, the trust's vertically integrated model and active redevelopment pipeline could provide incremental value creation over a longer horizon if executed well.

Growth drivers

  • Redevelopment of existing centers to attract higher-quality tenants
  • Leasing momentum in grocery-anchored and necessity-based retail corridors
  • Portfolio optimization through selective acquisitions or dispositions

Key risks

  • Elevated risk profile across financial and operational dimensions
  • Limited competitive moat in a fragmented open-air retail REIT sector
  • Tenant credit risk and potential occupancy softness in a slowing consumer environment

KRG vs Peers

KRG operates in a competitive open-air and enclosed retail REIT landscape alongside several peers with distinct strategies.

MACKRG scores higher
The Macerich Company

Macerich focuses on high-quality enclosed regional malls rather than open-air centers, targeting a different retail format and tenant mix than KRG.

CHP-UN.TOKRG scores lower
Choice Properties Real Estate Investment Trust

Choice Properties is a Canadian REIT with a grocery-anchored focus and a major anchor relationship with Loblaw, providing a different risk and income profile.

REI-UN.TOSimilar UQS
RioCan Real Estate Investment Trust

RioCan is one of Canada's largest REITs, operating mixed-use urban and suburban retail properties with a growing residential development component.

Frequently Asked Questions

What does Kite Realty Group Trust do?

Kite Realty Group Trust owns and operates a portfolio of open-air shopping centers — including neighborhood, community, and lifestyle centers — across desirable U.S. markets. The trust is vertically integrated, handling leasing, management, and redevelopment internally to optimize asset performance and shareholder returns.

Does KRG pay dividends?

Yes, KRG pays a regular dividend. As a REIT, it is legally required to distribute the majority of its taxable income to shareholders, making dividend payments a core feature of the investment. Income-focused investors often consider REITs like KRG for this reason, though dividend sustainability depends on occupancy and cash flow.

When does KRG report earnings?

Kite Realty Group Trust reports on a quarterly cadence, as is standard for U.S.-listed REITs. For exact dates and the most recent results, check the investor relations section of the company's official website.

Is KRG a good stock to buy?

UQS Score rates KRG as Below Average overall. While the Quality pillar shows relative strength and Valuation is Neutral, the Moat, Growth, and Risk pillars all register as Weak. Investors should weigh those concerns carefully. The full pillar breakdown is available to UQS Pro members.

Is KRG overvalued?

KRG's Valuation pillar is rated Neutral by UQS Score, suggesting the stock is neither clearly expensive nor obviously cheap relative to its fundamentals. Whether that represents an opportunity depends heavily on how an investor weighs the trust's weaker Growth and Risk profiles against its current pricing.

How does KRG compare to its competitors?

KRG competes in the retail REIT space alongside peers like Macerich, Choice Properties, and RioCan. Each operates with a distinct format — enclosed malls, grocery-anchored centers, or mixed-use urban properties. KRG's open-air, vertically integrated model is its primary differentiator, though its Moat pillar rates as Weak, indicating limited competitive separation.

What is KRG's market cap bracket?

KRG is classified as a mid-cap company. This places it in a size range that typically offers more liquidity than small-cap REITs but less scale and diversification than large-cap peers in the retail real estate sector.

Who founded Kite Realty Group Trust?

Kite Realty Group Trust was founded in 2004. Detailed founding history and leadership background are publicly available through the company's official investor relations materials and SEC filings.

Is KRG a long-term quality investment?

From a long-term quality perspective, KRG's UQS Score of Below Average reflects challenges in moat durability, growth trajectory, and risk management. The Quality pillar does show relative strength, but sustained long-term performance typically requires improvement across multiple pillars. Pro members can access the complete analysis to assess long-term fit.

What is the main competitive advantage of Kite Realty Group Trust?

KRG's primary structural advantage is its vertically integrated platform — managing leasing, development, and redevelopment in-house. This gives the trust more direct control over asset quality and repositioning. However, UQS Score rates KRG's Moat as Weak, indicating this advantage has not yet translated into a durable competitive edge relative to sector peers.

What sector does KRG belong to?

KRG operates in the Real Estate sector, specifically within the retail REIT sub-segment. It focuses on open-air shopping centers rather than enclosed malls or industrial properties, making consumer spending trends and retail tenant health key drivers of its performance.

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Pro Analysis

KRG — Score History

3035404550Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 21 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 22, 202641.365.524.020.642.157.0-0.3
May 21, 202641.665.724.020.642.158.2-0.1
May 18, 202641.766.024.020.642.158.7-0.2
May 16, 202641.966.124.020.642.159.5+0.1
May 14, 202641.865.924.020.642.159.0+0.3
May 12, 202641.565.624.020.642.157.8+0.3
May 9, 202641.265.724.020.542.155.8+0.9
May 7, 202640.366.424.020.534.156.50.0
May 3, 202640.366.424.020.534.156.70.0
May 2, 202640.366.424.020.534.156.40.0

KRG — Pillar Breakdown

Quality

65.5/100 (25%)

Kite Realty Group Trust shows solid profitability with healthy returns on capital and reasonable margins.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Cash GenerationModerate

Free cash flow relative to market value.

Growth

20.6/100 (20%)

Kite Realty Group Trust faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthWeak

Analyst consensus for future earnings growth.

Risk

42.1/100 (15%)

Kite Realty Group Trust has some risk factors including moderate leverage or solvency concerns.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

56.8/100 (15%)

Kite Realty Group Trust trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

24/100 (25%)

Kite Realty Group Trust operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for KRG.

Score Composition

Quality
65.5×25%16.4
Growth
20.6×20%4.1
Risk
42.1×15%6.3
Valuation
56.8×15%8.5
Moat
24.0×25%6.0
Total
41.3Below Average

Financial Data

More Stock Analysis

How is the KRG UQS Score Calculated?

The UQS (Unified Quality Score) for Kite Realty Group Trust is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Kite Realty Group Trust's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Kite Realty Group Trust is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.