Kite Realty
About: Kite Realty Group Trust specializes in owning, operating, acquiring, developing, and redeveloping high-quality open-air shopping centers and mixed-use assets. The company generates the majority of its revenue from contractual rents and reimbursement payments received from tenants.
Employees: 227
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
93% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 30
59% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 94
5.83% more ownership
Funds ownership: 89.7% [Q3] → 95.53% (+5.83%) [Q4]
5% more funds holding
Funds holding: 348 [Q3] → 367 (+19) [Q4]
1% more capital invested
Capital invested by funds: $5.23B [Q3] → $5.3B (+$68.7M) [Q4]
20% less call options, than puts
Call options by funds: $56K | Put options by funds: $70K
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$24
10%
upside
Avg. target
$26
17%
upside
High target
$28
28%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Wells Fargo Dori Kesten 22% 1-year accuracy 7 / 32 met price target | 10%upside $24 | Equal-Weight Maintained | 26 Mar 2025 |
Raymond James RJ Milligan 33% 1-year accuracy 8 / 24 met price target | 28%upside $28 | Strong Buy Maintained | 10 Mar 2025 |
Piper Sandler Alexander Goldfarb 36% 1-year accuracy 15 / 42 met price target | 14%upside $25 | Neutral Downgraded | 13 Feb 2025 |
Financial journalist opinion
Positive
Seeking Alpha
6 days ago
Kite Realty: Undervalued Sunbelt Star With Double-Digit Lease Spreads
Kite Realty Group is a fundamentally solid shopping center REIT with a high-quality, grocery-anchored retail portfolio concentrated in fast-growing Sunbelt markets. KRG has delivered strong leasing performance, record-high ABR per square foot, and maintains a strong balance sheet with low leverage and ample liquidity. KRG's 5.1% dividend yield is well-covered, and the stock trades at a discount to its historical valuation, offering attractive total return potential.
Positive
Seeking Alpha
3 weeks ago
3 Best REITs To Buy After The Crash
The market is crashing. We are playing defense by investing in recession-resistant REITs. I present three of my favorite "buy-the-dip" opportunities.
Neutral
GlobeNewsWire
1 month ago
Kite Realty Group to Report First Quarter 2025 Financial Results on April 29, 2025
INDIANAPOLIS, March 19, 2025 (GLOBE NEWSWIRE) -- Kite Realty Group (NYSE: KRG) announced today that it will release financial results for the quarter ending March 31, 2025, after the market closes on Tuesday, April 29, 2025. KRG will conduct a conference call to discuss its financial results on Wednesday, April 30, 2025 at 1:00 p.m. Eastern Time.
Positive
Seeking Alpha
1 month ago
One REIT To Sell And One REIT To Buy
Retail REITs are in high demand. They enjoy steady rent growth due to undersupply. But not all retail REITs are equally attractive.
Neutral
GlobeNewsWire
2 months ago
Kite Realty Group to Present at the Citi 2025 Global Property CEO Conference
INDIANAPOLIS, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Kite Realty Group (NYSE: KRG) announced today that it will present at the Citi 2025 Global Property CEO Conference on Monday, March 3, 2025. The presentation information is as follows:
Positive
Seeking Alpha
2 months ago
REITs Win As Weak Retailers Go Bankrupt
Retailer bankruptcies present opportunities for REITs due to high demand and low supply of shopping center space, leading to higher rents and better tenants. Leases are both liabilities and assets; bankruptcy allows REITs to re-lease space at higher market rates, enhancing revenue. Strong demand for retail space has shifted negotiations in favor of landlords, increasing occupancy and lease rates, and improving tenant quality.
Neutral
Seeking Alpha
2 months ago
Kite Realty Group Trust (KRG) Q4 2024 Earnings Call Transcript
Kite Realty Group Trust (NYSE:KRG ) Q4 2024 Earnings Conference Call February 12, 2025 1:00 PM ET Company Participants Bryan McCarthy - Senior Vice President, Corporate Marketing and Communications John Kite - Chairman and Chief Executive Officer Heath Fear - Executive Vice President and Chief Financial Officer Tom McGowan - President and Chief Operating Officer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Craig Mailman - Citi Jeffrey Spector - Bank of America Securities Floris van Dijkum - Compass Point Paulina Rojas Schmidt - Green Street Alexander Goldfarb - Piper Sandler Michael Mueller - JPMorgan Linda Tsai - Jefferies Alec Feygin - Baird Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 Kite Realty Group Earnings Conference Call.
Positive
Zacks Investment Research
2 months ago
Kite Realty Group (KRG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Kite Realty Group (KRG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 months ago
Kite Realty Group (KRG) Q4 FFO Match Estimates
Kite Realty Group (KRG) came out with quarterly funds from operations (FFO) of $0.53 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.50 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Kite Realty Group Reports Fourth Quarter and Full Year 2024 Operating Results and Provides 2025 Guidance
INDIANAPOLIS, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, reported today its operating results for the fourth quarter and year ended December 31, 2024. For the quarters ended December 31, 2024 and 2023, net income attributable to common shareholders was $21.8 million, or $0.10 per diluted share, compared to $8.0 million, or $0.04 per diluted share, respectively. For the years ended December 31, 2024 and 2023, net income attributable to common shareholders was $4.1 million, or $0.02 per diluted share, compared to $47.5 million, or $0.22 per diluted share, respectively. Net income for the year ended December 31, 2024 was driven by a $66.2 million impairment charge associated with an asset that remains classified as held for sale as of December 31, 2024. Excluding the impairment charge, net income for the year ended December 31, 2024 would have been $70.3 million, or $0.32 per diluted share.
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