| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 47 | 15.2x | 17.3x | Around median | |
Growth | 30 | -5.4% | 7.1% | Bottom tier | |
Quality | 54 | 3.2% | 4.5% | Around median | |
Safety | 46 | 3.3x | 2.6x | Around median | |
Capital Return | 90 | 5.21% | 0.06% | Top tier | |
Momentum | 57 | 10.7% | -1.6% | Around median | |
Sentiment | 61 | 5 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Kite Realty Group Trust is a real estate investment trust focused on grocery-anchored shopping centers, mixed-use urban centers, and neighborhood and lifestyle centers. Its revenue is generated primarily from tenant rents, while ground leases represent approximately 10% of revenue; since the beginning of 2023, the trust has increased the relative weight of annualized base rent in lifestyle, mixed-use, and neighborhood center assets by 900 basis points, offset by a similar reduction in power centers and large-format community centers.
In fiscal Q2 2026, KRG reported revenue of $196.3 million, down 2.2% from $200.7 million in fiscal Q1 2026, net income of $161.3 million, and earnings per share of $0.79. The calculated net income margin was approximately 82.2%, but the operating comparison was affected by a $60 million non-cash gain related to the recapitalization of the 1 Loudoun project and the deconsolidation of its residential joint venture; on a trailing-twelve-month basis for fiscal 2026, revenue was $806.2 million, net income was $334.7 million, and earnings per share were approximately $1.65.
Operating metrics reflect a more stable picture than quarterly revenue movements: same-property net operating income grew 3.7%, the leased rate increased to 94.8%, up 150 basis points year over year, and annualized base rent reached $23.41 per square foot, up 6.3% year over year. The trust executed 128 new or renewed leases covering approximately one million square feet, with aggregate cash rent spreads of 15.9%, while comparable new-lease spreads reached 28.4%. The portfolio is increasingly weighted toward grocery-anchored, neighborhood, lifestyle, and mixed-use centers, with a signed-not-open pipeline representing approximately $37 million of net operating income.
The average analyst price target is $31, within a narrow range of $30 to $32, versus a “Neutral” consensus. The average target is approximately 3.6% above the 52-week range high of $29.92, while the stock's full range extends from $21.33 to $29.92; this ties the valuation more closely to achieving net operating income growth and absorbing the impact of Project Elevate sales than to a significant expansion in analyst targets.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Same-property net operating income grew 3.7% in Q2 and year-to-date fiscal 2026, supported by improved tenant retention, lower bad debt, higher additional rents, and net recoveries. Management raised the annual growth range to 3%–4%, an increase of 50 basis points at the midpoint. The signed-not-open pipeline, representing approximately $37 million of net operating income, also provides a defined source of growth as the spaces open.
Since the beginning of 2025, KRG has sold 22 non-core assets for approximately $1 billion and removed 58 locations occupied by at-risk tenants, covering more than one million square feet. Since the beginning of 2023, the weight of annualized base rent in lifestyle, mixed-use, and neighborhood center assets has increased by 900 basis points, offset by a similar decline in power centers and large-format community centers. In fiscal 2026, the plan still assumes additional sales of $225 million and tax-deferred acquisitions of $110 million.
Automated analysis for informational purposes only — not investment advice.
Net debt to earnings before interest, taxes, depreciation, and amortization was 5.1 times as of June 30, 2026, near the lower end of the long-term target range. The trust issued $345 million of 3.25% exchangeable notes due in 2032 and intends to use most of the proceeds to repay $300 million of unsecured notes due in October 2026. Management also plans to repay another $100 million maturity in September 2026 using available cash, within total liquidity exceeding $1.2 billion.
In fiscal Q2 2026, KRG began the second phase of a 429-unit luxury residential project at 1 Loudoun, with deliveries scheduled to begin in 2029. The tax-free recapitalization gradually reduces KRG's stake in the existing 378-unit project from 90% to 55%, and the stake was 77% at quarter-end. The recapitalization and deconsolidation resulted in a $60 million non-cash gain, an important factor when interpreting the quarter's net income of $161.3 million.
The consensus rating is “Neutral,” and the average price target is $31, with a high target of $32 and a low target of $30. The average target is approximately 3.6% above the 52-week range high of $29.92, making the expected range relatively narrow. Exceeding these operating thresholds depends on converting the $37 million lease pipeline into income and achieving fiscal 2026 same-property net operating income growth guidance of 3%–4%.