NYSE · Financial Statements

Kite Realty Group Trust (KRG) Financial Statements

$28.28 NYSE: KRG Market Cap $5.74B

Kite Realty Group Trust most recently reported annual revenue of $848.0M, net profit of $299.0M. Revenue grew at an average annual rate of 26.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Kite Realty Group Trust: Revenue rose from $354.0M in 2016 to $848.0M in 2025, a change of +139.5% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 18.5% to 23.1%, a shift of +4.6 percentage points; the most recent year shows net profit of $299.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$354.0M$359.0M$354.0M$315.0M$267.0M$373.0M$802.0M$823.0M$842.0M$848.0M
Operating Expenses$289.0M$294.0M$333.0M$243.0M$232.0M$395.0M$710.0M$671.0M$730.0M$652.0M
Operating Profit$65.0M$65.0M$21.0M$72.0M$35.0M$-22.0M$92.0M$152.0M$111.0M$196.0M
Operating Margin18.5%18.0%5.9%22.8%13.1%-5.8%11.4%18.5%13.2%23.1%
Other Income$-61.0M$-51.0M$-68.0M$-72.0M$-52.0M$-61.0M$-104.0M$-103.0M$-107.0M$110.0M
Interest$66.0M$66.0M$67.0M$59.0M$50.0M$60.0M$104.0M$105.0M$126.0M$123.0M
Depreciation$289.0M$287.0M$266.0M$135.0M$131.0M$203.0M$473.0M$307.0M$398.0M$377.0M
Profit Before Tax$0$-1.0M$-47.0M$0$-17.0M$-82.0M$-12.0M$49.0M$5.0M$306.0M
Tax$-252.0M$7.3M$490,000$99.3M$4.1M$380,000$-360,000$1.1M$3.0M$150,000
Net Profit$1.0M$12.0M$-47.0M$-1.0M$-16.0M$-81.0M$-13.0M$47.0M$4.0M$299.0M
EPS$0.01$0.14$-0.56$-0.01$-0.19$-0.73$-0.06$0.22$0.02$1.38
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$209.0M$207.0M$200.0M$207.0M$212.0M$207.0M$215.0M$222.0M$213.0M$205.0M$207.0M$201.0M
Operating Expenses$149.0M$180.0M$165.0M$168.0M$235.0M$162.0M$165.0M$168.0M$167.0M$158.0M$159.0M$152.0M
Operating Profit$59.0M$27.0M$35.0M$39.0M$-22.0M$45.0M$49.0M$54.0M$47.0M$47.0M$48.0M$48.0M
Operating Margin28.4%12.9%17.6%19.0%-10.5%21.7%23.0%24.3%21.8%23.1%23.2%24.1%
Interest$27.0M$25.0M$27.0M$30.0M$31.0M$32.0M$33.0M$33.0M$34.0M$167.0M$111.0M$32.0M
Profit Before Tax$33.0M$2.0M$9.0M$15.0M$-49.0M$17.0M$22.0M$24.0M$113.0M$-16.0M$185.0M$12.0M
Tax$140,000$3.0M$5.2M$1.1M$-270,000$200,000$830,000$40,000$180,000$-650,000$80,000$3.3M
Net Profit$32.0M$2.0M$8.0M$14.0M$-49.0M$17.0M$22.0M$24.0M$110.0M$-16.0M$181.0M$11.0M
EPS$0.15$0.01$0.04$0.06$-0.22$0.08$0.10$0.11$0.50$-0.07$0.84$0.06

Over the 10 years reported for Kite Realty Group Trust, borrowings increased from $1.7B in 2016 to $3.4B in 2025, cash stood at $37.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 1.44 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$3.7B$3.5B$3.2B$2.6B$2.6B$7.6B$7.3B$6.9B$7.1B$6.7B
Current Assets$92.0M$107.0M$122.0M$143.0M$144.0M$294.0M$223.0M$155.0M$683.0M$606.0M
Cash$20.0M$24.0M$35.0M$31.0M$44.0M$93.0M$122.0M$36.0M$128.0M$37.0M
Inventory$-1.0M$-3.0M$-4.0M$0$0$0$0$0$0$0
Receivables$53.0M$58.0M$58.0M$55.0M$57.0M$68.0M$101.0M$113.0M$126.0M$128.0M
Fixed Assets$3.4B$3.3B$2.9B$0$0$0$6.6B$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$-7.1B$4.0M$13.0M$13.0M$13.0M$137.0M$10.0M$9.0M$370.0M$5.7B
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$1.9B$1.9B$1.7B$1.3B$1.3B$3.7B$3.5B$3.3B$3.7B$3.5B
Current Liabilities$177.0M$175.0M$170.0M$80.0M$116.0M$281.0M$208.0M$198.0M$207.0M$420.0M
Borrowings$1.7B$1.7B$1.5B$1.2B$1.2B$3.4B$3.3B$3.1B$3.2B$3.4B
Other Liabilities$193.0M$175.0M$170.0M$83.0M$91.0M$226.0M$250.0M$243.0M$453.0M$102.0M
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$1.6B$1.6B$1.4B$1.3B$1.2B$3.9B$3.8B$3.6B$3.3B$3.1B

For Kite Realty Group Trust, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $278.0M; free cash flow was positive in 10 of 10 years; financing activities used $260.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$155.0M$154.0M$154.0M$138.0M$96.0M$100.0M$379.0M$395.0M$419.0M$430.0M
Investing Cash Flow$-162.0M$4.0M$297.0M$363.0M$-119.0M$-148.0M$-204.0M$-224.0M$-640.0M$462.0M
Financing Cash Flow$-9.0M$-17.0M$-31.0M$-4.0M$-5.0M$-35.0M$-19.0M$-8.0M$-24.0M$-260.0M
Net Cash Flow$-14.0M$4.0M$13.0M$7.0M$-6.0M$54.0M$22.0M$-81.0M$92.0M$345.0M
Free Cash Flow$61.0M$83.0M$95.0M$85.0M$57.0M$43.0M$221.0M$252.0M$278.0M$278.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA11.07
FCF Yield4.45%
Quick Ratio1.92
Interest Coverage1.56
Return 1Y18.74%
Return 3Y35.97%
Return 5Y59.01%

Kite Realty Group Trust (KRG) financials — frequently asked questions

What is Kite Realty Group Trust's annual revenue?

Kite Realty Group Trust (KRG) reported annual revenue of $848.0M in its most recent fiscal year.

What is Kite Realty Group Trust's net profit?

Kite Realty Group Trust (KRG) reported net profit of $299.0M in its most recent fiscal year.

What is KRG EV/EBITDA?

Kite Realty Group Trust's enterprise value to EBITDA (EV/EBITDA) ratio is 11.07.

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