Financial Analysis: Kite Realty Group Trust (KRG) vs. Its Competitors

Kite Realty Group Trust (NYSE:KRG) is one of 85 publicly-traded companies in the “Retail REITs” industry, but how does it weigh in compared to its rivals? We will compare Kite Realty Group Trust to related businesses based on the strength of its earnings, profitability, valuation, analyst recommendations, dividends, institutional ownership and risk.

Dividends

Kite Realty Group Trust pays an annual dividend of $1.16 per share and has a dividend yield of 4.5%. Kite Realty Group Trust pays out 71.6% of its earnings in the form of a dividend. As a group, “Retail REITs” companies pay a dividend yield of 230.2% and pay out 78.0% of their earnings in the form of a dividend. Kite Realty Group Trust has increased its dividend for 4 consecutive years.

Valuation and Earnings

This table compares Kite Realty Group Trust and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Kite Realty Group Trust	$844.36 million	$298.66 million	15.83
Kite Realty Group Trust Competitors	$816.04 million	$253.68 million	9.06

Kite Realty Group Trust has higher revenue and earnings than its rivals. Kite Realty Group Trust is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Institutional & Insider Ownership

90.8% of Kite Realty Group Trust shares are owned by institutional investors. Comparatively, 59.3% of shares of all “Retail REITs” companies are owned by institutional investors. 2.7% of Kite Realty Group Trust shares are owned by insiders. Comparatively, 11.5% of shares of all “Retail REITs” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of current ratings and target prices for Kite Realty Group Trust and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Kite Realty Group Trust	1	9	2	0	2.08
Kite Realty Group Trust Competitors	963	3975	3450	138	2.32

Kite Realty Group Trust currently has a consensus target price of $27.78, suggesting a potential upside of 8.30%. As a group, “Retail REITs” companies have a potential upside of 8.94%. Given Kite Realty Group Trust’s rivals stronger consensus rating and higher possible upside, analysts plainly believe Kite Realty Group Trust has less favorable growth aspects than its rivals.

Profitability

This table compares Kite Realty Group Trust and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Kite Realty Group Trust	42.95%	11.78%	5.38%
Kite Realty Group Trust Competitors	31.33%	6.25%	3.34%

Risk and Volatility

Kite Realty Group Trust has a beta of 0.9, suggesting that its share price is 10% less volatile than the S&P 500. Comparatively, Kite Realty Group Trust’s rivals have a beta of 0.88, suggesting that their average share price is 12% less volatile than the S&P 500.

Summary

Kite Realty Group Trust beats its rivals on 9 of the 15 factors compared.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.