Kite Realty Group Trust (KRG) Financial Ratios
23 years of historical data (2003–2025) · Real Estate · REIT - Retail
EV/EBITDA
↓
15.72
↓-17% vs avg
5yr avg: 18.94
30Y Low9.4·High31.6
P/FCF
↓
20.41
↓-25% vs avg
5yr avg: 27.05
30Y Low12.4·High56.0
P/B Ratio
↑
1.88
↑+46% vs avg
5yr avg: 1.28
30Y Low0.6·High2.0
ROE
↑
9.0%
↓+543% vs avg
5yr avg: 1.4%
30Y Low-3%·High26%
Debt/EBITDA
↓
5.89
↓-32% vs avg
5yr avg: 8.71
30Y Low4.8·High18.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KRG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kite Realty Group Trust trades at 20.2x earnings, 96% below its 5-year average of 495.2x, sitting at the 13th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 16%. On a free-cash-flow basis, the stock trades at 20.4x P/FCF, 25% below the 5-year average of 27.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.7B | $5.1B | $5.5B | $5.0B | $4.6B | $2.4B | $1.3B | $1.6B | $1.2B | $1.6B | $2.0B |
| Enterprise Value | $9.0B | $8.5B | $8.6B | $8.0B | $7.8B | $5.7B | $2.5B | $2.8B | $2.7B | $3.3B | $3.7B |
| P/E Ratio → | 20.22 | 17.37 | 1364.32 | 103.91 | — | — | — | — | — | 140.00 | 2348.00 |
| P/S Ratio | 6.69 | 6.06 | 6.59 | 6.10 | 5.75 | 6.45 | 4.72 | 5.20 | 3.33 | 4.57 | 5.53 |
| P/B Ratio | 1.88 | 1.61 | 1.63 | 1.38 | 1.21 | 0.61 | 0.99 | 1.22 | 0.81 | 1.00 | 1.13 |
| P/FCF | 20.41 | 18.51 | 19.94 | 19.93 | 20.89 | 55.99 | 21.99 | 19.36 | 12.40 | 19.73 | 32.33 |
| P/OCF | 13.19 | 11.96 | 13.24 | 12.73 | 12.16 | 24.01 | 13.18 | 11.88 | 7.64 | 10.68 | 12.65 |
P/E links to full P/E history page with 30-year chart
KRG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kite Realty Group Trust's enterprise value stands at 15.7x EBITDA, 17% below its 5-year average of 18.9x. The Real Estate sector median is 17.0x, placing the stock at a 7% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.00 | 10.27 | 9.77 | 9.67 | 15.40 | 9.22 | 8.98 | 7.59 | 9.24 | 10.37 |
| EV / EBITDA | 15.72 | 14.80 | 16.97 | 17.52 | 13.74 | 31.65 | 14.83 | 13.70 | 9.35 | 9.43 | 10.37 |
| EV / EBIT | 45.96 | 19.57 | 66.37 | 61.82 | 84.15 | — | 73.20 | 48.00 | 133.64 | 41.71 | 52.81 |
| EV / FCF | — | 30.52 | 31.09 | 31.91 | 35.14 | 133.55 | 42.93 | 33.44 | 28.26 | 39.88 | 60.56 |
KRG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kite Realty Group Trust earns an operating margin of 23.1%, roughly in line with the Real Estate sector average. Operating margins have expanded from 18.5% to 23.1% over the past 3 years, signaling improving operational efficiency. ROE of 9.0% is modest. ROIC of 2.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.3% | 53.3% | 74.2% | 74.4% | 73.6% | 71.8% | 71.2% | 73.2% | 73.8% | 74.1% | 74.4% |
| Operating Margin | 23.1% | 23.1% | 13.2% | 18.5% | 11.4% | -5.8% | 13.1% | 22.8% | 5.9% | 18.0% | 18.5% |
| Net Profit Margin | 35.2% | 35.2% | 0.5% | 5.8% | -1.6% | -21.6% | -6.1% | -0.2% | -13.1% | 3.3% | 0.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.0% | 9.0% | 0.1% | 1.3% | -0.3% | -3.1% | -1.2% | -0.0% | -3.0% | 0.7% | 0.1% |
| ROA | 4.3% | 4.3% | 0.1% | 0.7% | -0.2% | -1.6% | -0.6% | -0.0% | -1.4% | 0.3% | 0.0% |
| ROIC | 2.3% | 2.3% | 1.3% | 1.7% | 1.0% | -0.3% | 1.0% | 2.0% | 0.5% | 1.4% | 1.4% |
| ROCE | 3.0% | 3.0% | 1.6% | 2.2% | 1.3% | -0.4% | 1.4% | 2.6% | 0.7% | 1.9% | 1.9% |
KRG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kite Realty Group Trust carries a Debt/EBITDA ratio of 5.9x, which is highly leveraged (26% below the sector average of 7.9x). Net debt stands at $3.3B ($3.4B total debt minus $37M cash). Interest coverage of 3.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.06 | 1.06 | 0.95 | 0.84 | 0.85 | 0.86 | 0.98 | 0.91 | 1.06 | 1.04 | 1.00 |
| Debt / EBITDA | 5.89 | 5.89 | 6.34 | 6.66 | 5.78 | 18.89 | 7.50 | 5.92 | 5.37 | 4.84 | 4.89 |
| Net Debt / Equity | — | 1.04 | 0.91 | 0.83 | 0.82 | 0.84 | 0.94 | 0.89 | 1.03 | 1.02 | 0.99 |
| Net Debt / EBITDA | 5.82 | 5.82 | 6.08 | 6.58 | 5.57 | 18.38 | 7.23 | 5.77 | 5.25 | 4.77 | 4.83 |
| Debt / FCF | — | 12.01 | 11.14 | 11.99 | 14.24 | 77.56 | 20.95 | 14.08 | 15.86 | 20.15 | 28.23 |
| Interest Coverage | 3.51 | 3.51 | 1.04 | 1.24 | 0.88 | -0.36 | 0.67 | 1.00 | 0.30 | 1.21 | 1.06 |
KRG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.44x means Kite Realty Group Trust can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.78x to 1.44x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.44 | 1.44 | 3.30 | 0.78 | 1.07 | 1.05 | 1.24 | 1.78 | 0.72 | 0.61 | 0.52 |
| Quick Ratio | 1.44 | 1.44 | 3.30 | 0.78 | 1.07 | 1.05 | 1.24 | 1.78 | 0.74 | 0.63 | 0.52 |
| Cash Ratio | 0.09 | 0.09 | 2.31 | 0.18 | 0.59 | 0.78 | 0.38 | 0.39 | 0.21 | 0.14 | 0.11 |
| Asset Turnover | — | 0.13 | 0.12 | 0.12 | 0.11 | 0.05 | 0.10 | 0.12 | 0.11 | 0.10 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
KRG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kite Realty Group Trust returns 8.3% to shareholders annually — split between a 4.0% dividend yield and 4.4% buyback yield. The payout ratio of 79.2% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 4.6% | 4.0% | 4.2% | 3.9% | 2.4% | 3.0% | 8.1% | 9.0% | 6.2% | 4.8% |
| Payout Ratio | 79.2% | 79.2% | 5448.1% | 443.3% | — | — | — | — | — | 851.7% | 8002.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 5.8% | 0.1% | 1.0% | — | — | — | — | — | 0.7% | 0.0% |
| FCF Yield | 4.9% | 5.4% | 5.0% | 5.0% | 4.8% | 1.8% | 4.5% | 5.2% | 8.1% | 5.1% | 3.1% |
| Buyback Yield | 4.4% | 4.8% | 0.0% | 0.0% | 0.0% | 0.6% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 8.3% | 9.4% | 4.0% | 4.2% | 3.9% | 3.0% | 3.1% | 8.2% | 9.0% | 6.2% | 4.9% |
| Shares Outstanding | — | $214M | $220M | $220M | $219M | $111M | $84M | $84M | $84M | $84M | $83M |
Peer Comparison
Compare KRG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KRGYou | $6B | 20.2 | 15.7 | 20.4 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
 IVT | $3B | 24.2 | 19.2 | 24.1 | -14.1% | 17.2% | 6.3% | 1.5% | 4.6 |
 SITC | $250M | 1.4 | 4.8 | 12.8 | -5.7% | -1.3% | 41.8% | -0.2% | 1.7 |
 BRX | $9B | 24.7 | 16.3 | 14.5 | 75.2% | 36.7% | 12.9% | 4.6% | 6.4 |
 REG | $14B | 27.3 | 20.3 | 35.7 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 KIM | $16B | 29.4 | 18.1 | 21.3 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 FRT | $10B | 25.1 | 18.5 | 31.4 | 9.7% | 35.9% | 11.9% | 4.2% | 6.1 |
 AKR | $3B | 222.4 | 22.5 | 16.6 | 50.5% | 12.0% | 0.5% | 0.9% | 9.3 |
 WHLR | $1M | -0.0 | 8.4 | 0.3 | 66.8% | 31.9% | 8.3% | 4.2% | 8.8 |
 PECO | $5B | 45.7 | 16.4 | 24.2 | -1.4% | 27.2% | 4.3% | 3.0% | 5.4 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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KRG — Frequently Asked Questions
Quick answers to the most common questions about buying KRG stock.
What is Kite Realty Group Trust's P/E ratio?
Kite Realty Group Trust's current P/E ratio is 20.2x. The historical average is 68.1x. This places it at the 13th percentile of its historical range.
What is Kite Realty Group Trust's EV/EBITDA?
Kite Realty Group Trust's current EV/EBITDA is 15.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.8x.
What is Kite Realty Group Trust's ROE?
Kite Realty Group Trust's return on equity (ROE) is 9.0%. The historical average is 1.9%.
Is KRG stock overvalued?
Based on historical data, Kite Realty Group Trust is trading at a P/E of 20.2x. This is at the 13th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Kite Realty Group Trust's dividend yield?
Kite Realty Group Trust's current dividend yield is 3.95% with a payout ratio of 79.2%.
What are Kite Realty Group Trust's profit margins?
Kite Realty Group Trust has 53.3% gross margin and 23.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Kite Realty Group Trust have?
Kite Realty Group Trust's Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.