23 years of historical data (2003–2025) · Real Estate · REIT - Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kite Realty Group Trust trades at 18.9x 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 23.4x, the stock trades at a discount of 19%. On a free-cash-flow basis, the stock trades at 19.6x P/FCF, 28% 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 | $5.4B | $5.1B | $5.5B | $5.0B | $4.6B | $2.4B | $1.3B | $1.6B | $1.2B | $1.6B | $2.0B |
| Enterprise Value | $8.8B | $8.5B | $8.6B | $8.0B | $7.8B | $5.7B | $2.5B | $2.8B | $2.7B | $3.3B | $3.7B |
| P/E Ratio → | 18.88 | 17.37 | 1364.32 | 103.91 | — | — | — | — | — | 140.00 | 2348.00 |
| P/S Ratio | 6.42 | 6.06 | 6.59 | 6.10 | 5.75 | 6.45 | 4.72 | 5.20 | 3.33 | 4.57 | 5.53 |
| P/B Ratio | 1.75 | 1.61 | 1.63 | 1.38 | 1.21 | 0.61 | 0.99 | 1.22 | 0.81 | 1.00 | 1.13 |
| P/FCF | 19.61 | 18.51 | 19.94 | 19.93 | 20.89 | 55.99 | 21.99 | 19.36 | 12.40 | 19.73 | 32.33 |
| P/OCF | 12.67 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kite Realty Group Trust's enterprise value stands at 15.3x EBITDA, 19% below its 5-year average of 18.9x. The Real Estate sector median is 13.6x, placing the stock at a 12% premium 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 | 15.33 | 14.80 | 16.97 | 17.52 | 13.74 | 31.65 | 14.83 | 13.70 | 9.35 | 9.43 | 10.37 |
| EV / EBIT | 44.82 | 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 |
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.
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% |
| 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% |
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 (12% below the sector average of 6.7x). Net debt stands at $3.3B ($3.4B total debt minus $37M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| 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 | 1.59 | 1.59 | 0.89 | 1.45 | 0.88 | -0.36 | 0.69 | 1.21 | 0.31 | 0.99 | 1.00 |
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 | 122153.12 | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kite Realty Group Trust does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 5.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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% | 4.2% | 3.9% | 2.4% | 3.0% | 8.1% | 9.0% | 6.2% | 4.8% |
| Payout Ratio | — | — | 5448.1% | 443.3% | — | — | — | — | — | 851.7% | 8002.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 5.8% | 0.1% | 1.0% | — | — | — | — | — | 0.7% | 0.0% |
| FCF Yield | 5.1% | 5.4% | 5.0% | 5.0% | 4.8% | 1.8% | 4.5% | 5.2% | 8.1% | 5.1% | 3.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 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 |
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 | $5B | 18.9 | 15.3 | 19.6 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
| KIM | $16B | 42.8 | 19.4 | 23.5 | 68.7% | 30.9% | 4.0% | 2.7% | 7.0 |
| REG | $14B | 37.4 | 14.4 | 18.2 | 71.2% | 64.4% | 5.7% | 6.1% | 3.7 |
| BRX | $9B | 24.2 | 9.9 | 14.2 | 87.0% | 35.2% | 12.9% | 6.8% | — |
| PECO | $5B | 77.0 | 10.6 | 20.6 | 71.2% | 64.3% | 2.4% | 6.7% | 3.2 |
| CURB | $3B | 75.2 | 31.0 | 27.3 | 35.7% | 16.6% | 2.1% | 1.3% | 5.4 |
| IVT | $2B | 22.0 | 18.6 | 15.6 | -14.1% | 17.2% | 6.3% | 1.5% | 5.4 |
| BFS | $835M | 20.9 | 13.7 | 6.9 | 73.2% | 45.1% | 10.1% | 4.7% | 8.9 |
| WSR | $770M | -63.3 | 15.7 | 15.2 | 68.8% | 33.3% | 11.0% | 3.7% | 7.2 |
| SITC | $323M | 1.8 | 0.9 | 16.5 | — | 171.7% | 41.8% | 27.2% | — |
| CDR-PB | $260M | 135.3 | 17.0 | — | 61.4% | 39.5% | 7.0% | 5.3% | 6.4 |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 23 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
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View ValuationSee how KRG stacks up against sector leader Kimco Realty Corporation.
Start ComparisonKite Realty Group Trust's current P/E ratio is 18.9x. The historical average is 68.1x. This places it at the 13th percentile of its historical range.
Kite Realty Group Trust's current EV/EBITDA is 15.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.8x.
Kite Realty Group Trust's return on equity (ROE) is 9.0%. The historical average is 1.9%.
Based on historical data, Kite Realty Group Trust is trading at a P/E of 18.9x. This is at the 13th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
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.
Kite Realty Group Trust's Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.