What is Kite Realty Group Trust's operating income?

Kite Realty Group Trust's total operating income in 2025 was $435.09 million, based on the following breakdown: Total Gross Profit: $844.37 million Total Operating Expenses: $409.28 million

Kite Realty Group Trust (KRG) Financials

$26.46 -0.02 (-0.06%)

As of 01:37 PM Eastern

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Annual Income Statements for Kite Realty Group Trust

This table shows Kite Realty Group Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2013	2014	2015	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2013	12/31/2014	12/31/2015	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-11	-14	15	0.37	-0.53	-16	-81	-13	47	4.07	299
Consolidated Net Income / (Loss)	-3.54	-4.68	29	0.48	-0.00	-16	-82	-12	48	4.42	306
Net Income / (Loss) Continuing Operations	-0.73	-16	29	0.48	-0.00	-16	-82	-12	48	4.42	306
Total Pre-Tax Income	-0.40	-16	25	1.18	-0.28	-15	-82	-12	45	-0.11	291
Total Operating Income	28	29	72	21	72	35	-22	92	151	108	435
Total Gross Profit	129	260	347	354	315	267	373	802	821	837	844
Total Revenue	129	260	347	354	315	267	373	802	821	837	844
Operating Revenue	118	252	334	354	315	267	373	802	821	837	844
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	102	230	271	286	243	232	395	710	671	730	409
Selling, General & Admin Expense	8.21	13	19	21	28	72	90	162	164	166	172
Depreciation Expense	54	121	167	152	132	129	200	470	426	393	373
Other Operating Expenses / (Income)	37	69	86	42	84	36	50	105	102	104	105
Impairment Charge	0.00	0.00	1.59	70	38	-	0.00	0.00	0.48	66	52
Other Special Charges / (Income)	0.00	0.00	-4.52	-	-39	-4.73	-31	-27	-23	-	-292
Total Other Income / (Expense), net	-28	-46	-51	-67	-72	-50	-60	-104	-105	-108	-144
Interest Expense	28	46	51	67	71	50	60	104	105	126	133
Interest & Investment Income	-	-	-	-	-0.63	-	-	0.26	0.03	-	-12
Income Tax Expense	0.26	0.02	0.19	-0.23	-0.28	-0.70	-0.31	0.04	0.53	0.14	0.47
Other Gains / (Losses), net	-0.06	-0.24	4.07	-0.92	-	-1.43	-0.42	-	3.65	4.67	15
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.69	1.03	2.20	0.12	0.53	0.10	-0.92	0.48	0.89	0.35	6.87
Basic Earnings per Share	($0.48)	($0.24)	$0.19	($0.56)	($0.01)	($0.19)	($0.73)	($0.06)	$0.22	$0.02	$1.37
Weighted Average Basic Shares Outstanding	23.54M	58.35M	83.42M	83.69M	83.93M	84.14M	110.64M	219.07M	219.34M	219.61M	218.31M
Diluted Earnings per Share	($0.48)	($0.24)	$0.18	($0.56)	($0.01)	($0.19)	($0.73)	($0.06)	$0.22	$0.02	$1.37
Weighted Average Diluted Shares Outstanding	23.54M	58.35M	83.53M	83.69M	83.93M	84.14M	110.64M	219.07M	219.73M	219.73M	218.43M
Weighted Average Basic & Diluted Shares Outstanding	94.14M	83.51M	83.41M	83.82M	83.98M	84.29M	218.95M	219.18M	219.45M	219.66M	206.79M
Cash Dividends to Common per Share	$0.96	$1.02	$1.09	$1.27	$1.27	$0.45	$0.68	$0.87	$0.97	$1.03	$1.25

This table shows Kite Realty Group Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	7.98	14	-49	17	22	24	110	-16	181	11	161
Consolidated Net Income / (Loss)	8.16	14	-49	17	22	24	113	-16	185	12	166
Net Income / (Loss) Continuing Operations	8.16	12	-49	17	22	24	113	-16	185	12	166
Total Pre-Tax Income	6.78	9.06	-49	17	8.72	24	113	-25	179	11	165
Total Operating Income	35	39	-22	45	49	53	150	7.98	224	42	134
Total Gross Profit	200	207	212	207	215	221	213	205	204	201	196
Total Revenue	200	207	212	207	215	221	213	205	204	201	196
Operating Revenue	200	207	212	207	215	221	213	205	204	201	196
Total Cost of Revenue	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Operating Expenses	165	168	235	162	165	168	64	197	-20	158	62
Selling, General & Admin Expense	40	41	42	41	43	42	42	43	44	45	43
Depreciation Expense	103	100	99	97	97	98	98	89	88	82	82
Other Operating Expenses / (Income)	22	27	26	25	26	28	27	26	24	25	24
Impairment Charge	-	-	66	0.00	-	0.00	0.00	39	-	5.89	0.98
Other Special Charges / (Income)	-0.13	0.24	1.23	-0.60	-	-0.09	-103	-	-	0.00	-88
Total Other Income / (Expense), net	-29	-30	-27	-28	-41	-29	-37	-33	-45	-31	31
Interest Expense	27	30	31	32	33	33	34	33	32	32	32
Interest & Investment Income	-	-	-0.17	-0.61	-	-0.61	-3.24	-	-	-2.22	59
Other Income / (Expense), net	-	-	4.30	4.37	-	4.74	0.49	-	-	2.57	3.17
Income Tax Expense	0.45	0.16	0.13	0.04	-0.19	0.01	0.20	0.11	0.15	0.40	0.43
Other Gains / (Losses), net	-	3.21	-	-	-	0.00	0.00	8.88	-	1.04	1.36
Net Income / (Loss) Attributable to Noncontrolling Interest	0.19	0.28	-0.67	0.32	0.41	0.53	2.28	-0.20	4.25	0.34	4.23
Basic Earnings per Share	$0.04	$0.06	($0.22)	$0.08	$0.10	$0.11	$0.50	($0.07)	$0.83	$0.06	$0.80
Weighted Average Basic Shares Outstanding	219.34M	219.50M	219.62M	219.67M	219.61M	219.72M	219.84M	219.41M	218.31M	205.69M	202.23M
Diluted Earnings per Share	$0.04	$0.06	($0.22)	$0.08	$0.10	$0.11	$0.50	($0.07)	$0.83	$0.06	$0.79
Weighted Average Diluted Shares Outstanding	219.73M	219.90M	219.62M	220.10M	219.73M	219.83M	219.95M	219.41M	218.43M	206.06M	203.20M
Weighted Average Basic & Diluted Shares Outstanding	219.45M	219.60M	219.67M	219.67M	219.66M	219.81M	219.86M	216.51M	206.79M	203.07M	200.35M

This table details how cash moves in and out of Kite Realty Group Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-9.95	-23	3.26	13	7.31	-6.23	54	22	-81	92	345
Net Cash From Operating Activities	169	155	155	154	138	96	100	379	395	419	430
Net Cash From Continuing Operating Activities	169	155	155	154	138	96	100	379	395	419	430
Net Income / (Loss) Continuing Operations	29	3.12	14	-46	-0.00	-16	-82	-12	48	4.42	306
Consolidated Net Income / (Loss)	29	3.12	14	-46	-0.00	-16	-82	-12	48	4.42	306
Depreciation Expense	171	179	175	156	135	131	203	473	430	398	380
Amortization Expense	-9.18	-11	-6.59	-8.99	-5.24	-4.27	-5.60	-18	-25	-22	-15
Non-Cash Adjustments To Reconcile Net Income	-11	-0.81	-9.90	71	13	4.40	-30	-33	-26	60	-234
Changes in Operating Assets and Liabilities, net	-10	-15	-17	-17	-8.42	-19	14	-30	-33	-22	-7.34
Net Cash From Investing Activities	-84	-83	-2.03	148	417	-81	-91	-45	-82	-499	614
Net Cash From Continuing Investing Activities	-84	-83	-2.03	148	417	-81	-91	-45	-82	-499	614
Purchase of Property, Plant & Equipment	-259	-95	-72	-59	-111	-104	-10	-100	-145	-140	-152
Acquisitions	0.00	0.00	-1.40	-9.97	-	-0.54	15	-0.13	-78	-54	-323
Purchase of Investments	-	-	-	-	-0.80	0.00	-125	0.00	0.00	-615	0.00
Sale of Property, Plant & Equipment	170	14	76	218	529	-	81	80	141	44	735
Sale and/or Maturity of Investments	0.00	0.50	-	0.00	0.00	9.13	1.74	127	0.35	267	354
Net Cash From Financing Activities	-95	-91	-149	-289	-547	-21	44	-313	-393	172	-698
Net Cash From Continuing Financing Activities	-99	-95	-149	-289	-547	-21	44	-313	-393	172	-698
Repayment of Debt	-840	-604	-129	-557	-485	-302	-78	-569	-544	-315	-1,018
Repurchase of Preferred Equity	-103	-	-	-	-	-	-	-	0.00	0.00	-248
Repurchase of Common Equity	-35	-1.13	-0.84	-0.35	-0.53	-1.34	-23	-6.69	-1.53	-20	-5.62
Payment of Dividends	-106	-103	-105	-110	-137	-40	-60	-182	-217	-226	-243
Issuance of Debt	984	608	98	400	75	325	215	455	369	733	817
Issuance of Common Equity	0.00	4.40	0.03	0.08	0.35	0.07	0.03	0.03	0.09	0.07	0.08
Cash Interest Paid	61	67	69	68	61	50	60	114	121	131	133

This table details how cash moves in and out of Kite Realty Group Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-17	48	70	-36	10	-78	133	-95	386	-255	98
Net Cash From Operating Activities	103	54	142	112	111	74	133	116	107	50	127
Net Cash From Continuing Operating Activities	103	54	142	112	111	74	133	116	107	50	127
Net Income / (Loss) Continuing Operations	8.16	14	-49	17	22	24	113	-16	185	12	166
Consolidated Net Income / (Loss)	8.16	14	-49	17	22	24	113	-16	185	12	166
Depreciation Expense	104	101	100	98	99	100	100	91	90	84	83
Amortization Expense	-6.14	-5.51	-5.61	-5.07	-5.93	-6.06	-2.60	-3.28	-2.64	-2.86	-3.05
Non-Cash Adjustments To Reconcile Net Income	0.13	-2.73	67	-1.22	0.85	0.56	-99	32	-167	13	-140
Changes in Operating Assets and Liabilities, net	-2.51	-54	30	3.88	-4.85	-45	22	13	1.31	-57	21
Net Cash From Investing Activities	-26	-289	135	-315	-30	228	-50	1.78	434	-25	132
Net Cash From Continuing Investing Activities	-26	-289	135	-315	-30	228	-50	1.78	434	-25	132
Purchase of Property, Plant & Equipment	-0.00	0.00	-	-	-1.00	-42	10	-	-84	-32	-38
Acquisitions	-	0.00	-	-11	-1.36	-1.95	-254	-	-67	0.00	-0.31
Purchase of Investments	-	-265	-	-350	-	-78	-	-	-	-7.93	-135
Sale of Property, Plant & Equipment	16	1.76	33	2.50	6.44	0.00	233	32	471	15	307
Net Cash From Financing Activities	-94	283	-207	167	-71	-380	50	-213	-154	-280	-160
Net Cash From Continuing Financing Activities	-94	283	-207	167	-71	-380	50	-213	-154	-280	-160
Repayment of Debt	-77	-41	-151	-121	-1.29	-420	-480	-81	-36	-270	-136
Repurchase of Preferred Equity	-	-	-	-	-	0.00	-	-	-178	-152	-46
Repurchase of Common Equity	-0.39	-4.49	-0.02	-3.71	-12	-1.21	-2.85	-1.28	-0.28	-1.61	-0.02
Payment of Dividends	-53	-56	-56	-56	-58	-62	-61	-61	-60	-93	-60
Issuance of Debt	37	385	-	348	-	103	594	-	120	237	82
Issuance of Common Equity	0.02	0.02	0.02	0.01	0.03	0.02	0.02	0.02	0.02	0.02	0.02

This table presents Kite Realty Group Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,756	3,656	3,512	3,172	2,649	2,609	7,640	7,342	6,944	7,092	6,664
Total Current Assets	43	30	95	106	121	141	254	344	268	432	330
Cash & Equivalents	34	20	24	35	31	44	93	116	36	128	37
Accounts Receivable	-	-	58	58	55	57	68	101	113	126	128
Prepaid Expenses	8.85	9.73	12	13	35	40	85	127	118	105	94
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	0.00	74	71
Plant, Property, & Equipment, net	-432	-561	-665	-700	-667	2,389	-885	6,571	6,358	6,047	5,347
Plant, Property & Equipment, gross	-	-	-	-	-	3,144	-	7,733	7,740	7,634	7,003
Accumulated Depreciation	432	561	665	700	667	755	885	1,161	1,382	1,588	1,656
Total Noncurrent Assets	4,146	4,187	4,082	3,766	3,195	79	8,271	426	318	613	988
Long-Term Investments	-	-	3.90	13	13	13	12	10	9.06	20	364
Other Noncurrent Operating Assets	4,146	4,187	4,078	3,752	3,182	66	8,259	416	309	593	623
Total Liabilities & Shareholders' Equity	3,756	3,656	3,512	3,172	2,649	2,609	7,640	7,342	6,944	7,092	6,664
Total Liabilities	1,937	1,924	1,874	1,713	1,307	1,334	3,657	3,516	3,300	3,680	3,473
Total Current Liabilities	81	81	78	86	70	77	185	208	198	203	221
Accounts Payable	81	81	78	86	70	77	185	208	198	203	221
Total Noncurrent Liabilities	1,856	1,843	1,796	1,627	1,237	1,256	3,472	3,308	3,102	3,477	3,252
Long-Term Debt	1,724	1,731	1,699	1,543	1,147	1,171	3,151	3,010	2,829	3,227	3,025
Other Noncurrent Operating Liabilities	132	112	97	84	90	86	321	298	273	246	222
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	0.00	4.01	4.31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	92	88	72	46	53	43	55	54	73	98	116
Total Equity & Noncontrolling Interests	1,727	1,644	1,566	1,413	1,290	1,231	3,927	3,772	3,571	3,314	3,076
Total Preferred & Common Equity	1,726	1,644	1,565	1,413	1,289	1,230	3,922	3,767	3,568	3,312	3,074
Total Common Equity	1,726	1,644	1,565	1,413	1,289	1,230	3,922	3,767	3,568	3,312	3,074
Common Stock	2,051	2,063	2,072	2,079	2,075	2,085	4,901	4,900	4,889	4,871	4,614
Retained Earnings	-323	-419	-510	-663	-770	-824	-963	-1,208	-1,373	-1,595	-1,564
Accumulated Other Comprehensive Income / (Loss)	-2.15	-0.32	2.99	-3.50	-16	-31	-16	74	52	37	23
Noncontrolling Interest	0.77	0.69	0.70	0.70	0.70	0.70	5.15	5.37	2.43	1.89	1.92

This table presents Kite Realty Group Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	7,197	7,165	7,052	7,204	6,959	7,130	6,683	6,858	6,648	6,350	6,266
Total Current Assets	287	369	320	333	462	412	371	492	359	318	365
Cash & Equivalents	44	129	52	84	154	118	49	182	69	33	145
Accounts Receivable	103	110	113	118	120	114	124	125	130	133	130
Prepaid Expenses	117	130	135	132	114	106	118	96	101	99	90
Other Current Nonoperating Assets	23	-	14	-	74	75	80	88	60	54	0.00
Plant, Property, & Equipment, net	-1,211	-1,244	6,397	6,306	6,099	6,091	6,055	5,762	5,690	5,312	5,136
Plant, Property & Equipment, gross	-	-	7,708	7,758	7,546	7,608	7,695	7,423	7,418	7,029	6,849
Accumulated Depreciation	1,211	1,244	1,311	1,453	1,448	1,517	1,640	1,661	1,728	1,717	1,713
Total Noncurrent Assets	8,121	8,040	335	565	399	626	256	605	599	720	766
Long-Term Investments	10	10	10	9.60	9.97	19	20	391	375	357	411
Other Noncurrent Operating Assets	8,110	8,030	325	556	389	608	236	214	224	363	355
Total Liabilities & Shareholders' Equity	7,197	7,165	7,052	7,204	6,959	7,130	6,683	6,858	6,648	6,350	6,266
Total Liabilities	3,428	3,406	3,348	3,598	3,459	3,681	3,311	3,436	3,372	3,361	3,246
Total Current Liabilities	161	178	198	172	190	189	161	181	203	157	170
Accounts Payable	160	178	198	172	190	189	161	181	203	157	170
Total Noncurrent Liabilities	3,267	3,228	3,149	3,426	3,270	3,493	3,150	3,255	3,169	3,204	3,075
Long-Term Debt	2,973	2,938	2,869	3,168	3,016	3,240	2,910	3,022	2,942	2,992	2,843
Other Noncurrent Operating Liabilities	295	290	280	259	250	249	235	228	223	208	233
Other Noncurrent Nonoperating Liabilities	-	-	0.59	-	3.93	3.76	4.20	4.95	4.40	3.75	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	57	61	67	74	76	97	102	103	101	130	151
Total Equity & Noncontrolling Interests	3,711	3,698	3,638	3,533	3,423	3,351	3,270	3,320	3,175	2,859	2,870
Total Preferred & Common Equity	3,706	3,693	3,635	3,531	3,422	3,349	3,268	3,318	3,173	2,857	2,869
Total Common Equity	3,706	3,693	3,635	3,531	3,422	3,349	3,268	3,318	3,173	2,857	2,869
Common Stock	4,898	4,897	4,893	4,890	4,889	4,869	4,867	4,869	4,802	4,447	4,358
Retained Earnings	-1,255	-1,276	-1,326	-1,414	-1,517	-1,558	-1,631	-1,580	-1,655	-1,611	-1,508
Accumulated Other Comprehensive Income / (Loss)	63	71	68	55	50	38	32	28	25	21	20
Noncontrolling Interest	5.47	5.50	2.38	1.88	1.88	1.87	1.90	1.92	1.92	1.90	0.70

This table displays calculated financial ratios and metrics derived from Kite Realty Group Trust's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	33.71%	0.00%	305.31%	0.00%	-11.01%	-15.40%	40.01%	114.83%	2.62%	2.29%	0.82%
EBITDA Growth	60.50%	-28.02%	40.39%	-48.65%	19.42%	-19.56%	8.97%	210.51%	1.88%	-12.49%	59.61%
EBIT Growth	144.47%	-100.00%	143.64%	-86.81%	238.47%	-50.82%	-161.48%	527.01%	65.64%	-26.83%	245.97%
NOPAT Growth	247.16%	-100.00%	-60.86%	-84.42%	100.25%	-51.21%	-161.48%	525.89%	134.56%	-48.19%	475.17%
Net Income Growth	726.92%	0.00%	791.40%	-96.54%	-100.42%	-806,050.00%	-406.87%	85.13%	498.08%	-90.87%	6,818.66%
EPS Growth	175.00%	0.00%	2,700.00%	-500.00%	98.21%	-1,800.00%	-284.21%	91.78%	466.67%	-90.91%	6,750.00%
Operating Cash Flow Growth	297.91%	-8.51%	-0.20%	-0.16%	0.00%	0.00%	5.06%	277.96%	4.05%	6.18%	2.54%
Free Cash Flow Firm Growth	100.05%	13,540.55%	-38.16%	29.10%	46.70%	-85.61%	-5,877.23%	108.07%	15.38%	-80.62%	1,258.85%
Invested Capital Growth	2.05%	-1.88%	-3.90%	-10.75%	-17.22%	-2.29%	193.89%	-4.43%	-4.21%	-0.09%	-10.47%
Revenue Q/Q Growth	-52.24%	0.00%	97.69%	0.00%	0.00%	0.00%	0.00%	5.49%	-0.53%	1.75%	-1.24%
EBITDA Q/Q Growth	1.30%	-29.02%	35.97%	12.06%	47.92%	-18.84%	3.52%	23.82%	-0.19%	1.90%	26.67%
EBIT Q/Q Growth	-1.25%	-100.00%	124.34%	0.00%	0.00%	-51.60%	-144.01%	916.90%	7.02%	14.38%	66.91%
NOPAT Q/Q Growth	-1.80%	-100.00%	127.06%	0.00%	0.00%	-51.60%	-144.01%	914.76%	6.88%	14.38%	66.82%
Net Income Q/Q Growth	12.37%	0.00%	5.67%	0.00%	0.00%	-341.69%	-812.98%	89.08%	23.53%	145.76%	114.13%
EPS Q/Q Growth	50.00%	0.00%	3.70%	0.00%	0.00%	0.00%	0.00%	94.00%	22.22%	150.00%	114.06%
Operating Cash Flow Q/Q Growth	0.83%	0.55%	-2.18%	3.05%	0.00%	0.00%	-11.65%	46.47%	-3.28%	1.82%	-1.01%
Free Cash Flow Firm Q/Q Growth	100.31%	-62.67%	40.04%	53.49%	-1.35%	-60.41%	-8,482.07%	108.47%	-13.16%	6.92%	8.24%
Invested Capital Q/Q Growth	-1.61%	-0.13%	0.04%	-3.48%	-1.95%	2.05%	189.00%	-2.03%	-0.98%	-0.92%	0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	67.16%	0.00%	22.81%	47.47%	63.71%	60.58%	47.15%	68.15%	67.66%	57.88%	94.83%
Operating Margin	20.69%	0.00%	11.13%	5.94%	22.77%	13.13%	-5.77%	11.43%	18.50%	13.23%	51.53%
EBIT Margin	20.66%	0.00%	11.11%	5.94%	22.59%	13.13%	-5.77%	11.46%	18.50%	13.23%	51.53%
Profit (Net Income) Margin	8.45%	0.00%	1.94%	0.14%	0.00%	-6.05%	-21.89%	-1.52%	5.88%	0.52%	36.18%
Tax Burden Percent	115.25%	0.00%	99.23%	40.83%	0.70%	104.78%	99.70%	100.36%	103.11%	-30.88%	105.04%
Interest Burden Percent	35.47%	0.00%	17.56%	5.60%	-0.40%	-43.95%	380.84%	-13.18%	30.82%	-12.84%	66.85%
Effective Tax Rate	0.73%	0.00%	-0.71%	-19.27%	0.00%	0.00%	0.00%	0.00%	1.14%	0.00%	0.16%
Return on Invested Capital (ROIC)	2.05%	0.00%	4.77%	0.80%	1.86%	1.01%	-0.32%	0.93%	2.29%	1.21%	7.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.65%	0.00%	-3.11%	-0.75%	-2.01%	-2.65%	-3.53%	-1.64%	-1.31%	-1.33%	2.51%
Return on Net Nonoperating Assets (RNNOA)	-0.53%	0.00%	-3.12%	-0.77%	-1.86%	-2.25%	-2.79%	-1.25%	-1.00%	-1.09%	2.11%
Return on Equity (ROE)	1.52%	0.00%	1.65%	0.03%	0.00%	-1.23%	-3.11%	-0.31%	1.30%	0.13%	9.25%
Cash Return on Invested Capital (CROIC)	0.02%	1.90%	8.74%	12.17%	20.71%	3.33%	-98.77%	5.46%	6.59%	1.31%	18.19%
Operating Return on Assets (OROA)	1.88%	0.00%	4.45%	0.63%	2.45%	1.33%	-0.42%	1.23%	2.13%	1.59%	6.33%
Return on Assets (ROA)	0.77%	0.00%	0.77%	0.01%	0.00%	-0.61%	-1.59%	-0.16%	0.68%	0.06%	4.44%
Return on Common Equity (ROCE)	1.40%	0.00%	1.57%	0.03%	0.00%	-1.19%	-3.05%	-0.31%	1.27%	0.12%	8.95%
Return on Equity Simple (ROE_SIMPLE)	1.70%	0.19%	1.77%	0.03%	0.00%	-1.31%	-2.08%	-0.32%	1.36%	0.13%	0.00%
Net Operating Profit after Tax (NOPAT)	71	0.00	161	25	50	25	-15	64	151	78	434
NOPAT Margin	20.54%	0.00%	11.21%	7.08%	15.94%	9.19%	-4.04%	8.00%	18.29%	9.26%	51.45%
Net Nonoperating Expense Percent (NNEP)	2.70%	0.00%	7.87%	1.55%	3.87%	3.67%	3.21%	2.58%	3.60%	2.54%	4.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.95%	2.35%	1.19%	7.12%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	5.39%	0.00%	3.03%	6.02%	8.95%	26.95%	23.99%	20.21%	19.94%	19.74%	20.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	78.01%	0.00%	88.87%	80.81%	77.23%	86.87%	105.77%	88.57%	81.50%	86.77%	48.47%
Earnings before Interest and Taxes (EBIT)	72	0.00	159	21	71	35	-22	92	152	111	435
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	233	168	327	168	201	162	176	547	557	487	801
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.79	0.00	1.72	0.63	1.05	0.89	1.09	1.11	1.33	1.65	1.68
Price to Tangible Book Value (P/TBV)	0.79	0.00	1.72	0.63	1.05	0.89	1.09	1.11	1.33	1.65	1.68
Price to Revenue (P/Rev)	3.91	0.00	1.87	2.50	4.31	4.08	11.44	5.20	5.76	6.50	6.11
Price to Earnings (P/E)	87.95	0.00	74.95	2,421.20	0.00	0.00	0.00	0.00	99.73	1,343.51	17.28
Dividend Yield	6.61%	6.36%	7.62%	12.03%	9.82%	5.93%	3.49%	4.31%	4.44%	4.05%	4.59%
Earnings Yield	1.14%	0.00%	1.33%	0.04%	0.00%	0.00%	0.00%	0.00%	1.00%	0.07%	5.79%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.52	1.34	0.82	1.03	0.94	1.05	1.06	1.18	1.35	1.37
Enterprise Value to Revenue (EV/Rev)	9.05	0.00	3.09	6.85	7.98	8.43	19.74	8.87	9.23	10.27	9.36
Enterprise Value to EBITDA (EV/EBITDA)	13.48	10.73	13.54	14.42	12.52	13.91	41.88	13.01	13.64	17.75	9.87
Enterprise Value to EBIT (EV/EBIT)	43.82	0.00	27.82	115.29	35.32	64.19	0.00	77.38	49.90	77.64	18.16
Enterprise Value to NOPAT (EV/NOPAT)	44.08	0.00	27.55	96.66	50.05	91.70	0.00	110.83	50.47	110.92	18.19
Enterprise Value to Operating Cash Flow (EV/OCF)	18.55	11.62	28.68	15.71	0.00	23.53	73.45	18.75	19.25	20.64	18.39
Enterprise Value to Free Cash Flow (EV/FCFF)	3,794.69	27.27	15.03	6.36	4.50	27.94	0.00	18.96	17.55	103.09	7.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.95	1.00	1.04	1.06	0.85	0.92	0.79	0.79	0.78	0.95	0.95
Long-Term Debt to Equity	0.95	1.00	1.04	1.06	0.85	0.92	0.79	0.79	0.78	0.95	0.95
Financial Leverage	0.81	0.96	1.00	1.02	0.93	0.85	0.79	0.76	0.76	0.82	0.84
Leverage Ratio	1.98	2.09	2.13	2.16	2.08	2.01	1.95	1.92	1.91	1.99	2.08
Compound Leverage Factor	0.70	0.00	0.37	0.12	-0.01	-0.88	7.42	-0.25	0.59	-0.26	1.39
Debt to Total Capital	48.67%	49.98%	50.91%	51.40%	46.07%	47.88%	44.17%	44.04%	43.71%	48.61%	48.66%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	48.67%	49.98%	50.91%	51.40%	46.07%	47.88%	44.17%	44.04%	43.71%	48.61%	48.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.63%	2.57%	2.18%	1.55%	2.14%	1.80%	0.85%	0.87%	1.17%	1.51%	1.90%
Common Equity to Total Capital	48.71%	47.45%	46.90%	47.05%	51.79%	50.29%	54.98%	55.10%	55.12%	49.89%	49.44%
Debt to EBITDA	7.40	10.32	5.19	9.18	5.71	7.25	17.90	5.51	5.08	6.62	3.78
Net Debt to EBITDA	7.25	10.20	5.10	8.89	5.49	6.90	17.26	5.28	5.00	6.32	3.28
Long-Term Debt to EBITDA	7.40	10.32	5.19	9.18	5.71	7.25	17.90	5.51	5.08	6.62	3.78
Debt to NOPAT	24.20	0.00	10.56	61.53	22.83	47.77	-209.12	46.91	18.80	41.39	6.96
Net Debt to NOPAT	23.72	0.00	10.38	59.58	21.95	45.47	-201.67	44.95	18.50	39.49	6.04
Long-Term Debt to NOPAT	24.20	0.00	10.56	61.53	22.83	47.77	-209.12	46.91	18.80	41.39	6.96
Altman Z-Score	0.44	-0.16	1.22	0.16	0.45	0.22	0.57	0.65	0.79	0.79	0.92
Noncontrolling Interest Sharing Ratio	8.42%	5.12%	4.80%	3.85%	3.56%	3.75%	2.00%	1.53%	1.81%	2.49%	3.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.53	1.03	1.21	1.24	1.74	1.82	1.37	1.66	1.35	2.13	1.49
Quick Ratio	0.42	0.90	1.05	1.09	1.24	1.30	0.87	1.04	0.76	1.25	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.83	66	295	381	559	80	-4,647	375	433	84	1,107
Operating Cash Flow to CapEx	190.35%	193.34%	0.00%	0.00%	0.00%	92.23%	0.00%	1,922.66%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.02	0.00	2.25	5.70	7.89	1.60	-76.88	3.60	4.11	0.67	8.35
Operating Cash Flow to Interest Expense	3.33	0.00	1.18	2.31	0.00	1.90	1.66	3.64	3.75	3.33	3.24
Operating Cash Flow Less CapEx to Interest Expense	1.58	0.00	1.20	4.69	0.00	-0.16	2.82	3.45	4.34	3.36	7.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.00	0.40	0.11	0.11	0.10	0.07	0.11	0.12	0.12	0.12
Accounts Receivable Turnover	0.00	0.00	25.76	6.09	5.56	4.74	5.94	9.45	7.67	7.04	6.66
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.14	0.15
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	14.17	59.97	65.63	76.96	61.40	38.63	47.59	51.82	54.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	14.17	59.97	65.63	76.96	61.40	38.63	47.59	51.82	54.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,510	3,444	3,309	2,954	2,445	2,389	7,021	6,710	6,428	6,422	5,749
Invested Capital Turnover	0.10	0.00	0.43	0.11	0.12	0.11	0.08	0.12	0.13	0.13	0.14
Increase / (Decrease) in Invested Capital	70	-66	-134	-356	-509	-56	4,632	-311	-282	-5.92	-672
Enterprise Value (EV)	3,142	1,800	4,435	2,425	2,514	2,247	7,371	7,112	7,596	8,649	7,903
Market Capitalization	1,358	0.00	2,691	884	1,358	1,089	4,272	4,168	4,737	5,469	5,160
Book Value per Share	$20.71	$0.00	$9.24	$16.88	$15.35	$14.61	$17.91	$17.19	$16.26	$15.08	$14.20
Tangible Book Value per Share	$20.71	$0.00	$9.24	$16.88	$15.35	$14.61	$17.91	$17.19	$16.26	$15.08	$14.20
Total Capital	3,544	3,464	3,337	3,002	2,489	2,445	7,133	6,836	6,473	6,639	6,217
Total Debt	1,724	1,731	1,699	1,543	1,147	1,171	3,151	3,010	2,829	3,227	3,025
Total Long-Term Debt	1,724	1,731	1,699	1,543	1,147	1,171	3,151	3,010	2,829	3,227	3,025
Net Debt	1,691	1,711	1,671	1,494	1,103	1,114	3,039	2,884	2,784	3,079	2,624
Capital Expenditures (CapEx)	89	80	-3.64	-159	-418	104	-70	20	-63	-3.05	-583
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-73	-18	-7.69	-15	20	20	-32	21	33	102	72
Debt-free Net Working Capital (DFNWC)	-39	2.02	16	20	51	63	69	136	69	230	109
Net Working Capital (NWC)	-39	2.02	16	20	51	63	69	136	69	230	109
Net Nonoperating Expense (NNE)	42	0.00	133	25	50	41	67	76	102	74	129
Net Nonoperating Obligations (NNO)	1,691	1,711	1,671	1,494	1,103	1,114	3,039	2,884	2,784	3,010	2,558
Total Depreciation and Amortization (D&A)	161	168	168	147	130	127	198	455	405	376	366
Debt-free, Cash-free Net Working Capital to Revenue	-20.89%	0.00%	-0.54%	-4.27%	6.35%	7.37%	-8.49%	2.56%	4.02%	12.06%	8.50%
Debt-free Net Working Capital to Revenue	-11.13%	0.00%	1.14%	5.72%	16.29%	23.74%	18.39%	17.00%	8.44%	27.27%	12.85%
Net Working Capital to Revenue	-11.13%	0.00%	1.14%	5.72%	16.29%	23.74%	18.39%	17.00%	8.44%	27.27%	12.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.19	$0.00	$0.28	($0.56)	($0.01)	($0.19)	($0.73)	($0.06)	$0.22	$0.02	$1.37
Adjusted Weighted Average Basic Shares Outstanding	83.42M	0.00	169.15M	83.69M	83.93M	84.14M	110.64M	219.07M	219.34M	219.61M	218.31M
Adjusted Diluted Earnings per Share	$0.18	$0.00	$0.28	($0.56)	($0.01)	($0.19)	($0.73)	($0.06)	$0.22	$0.02	$1.37
Adjusted Weighted Average Diluted Shares Outstanding	83.53M	0.00	169.36M	83.69M	83.93M	84.14M	110.64M	219.07M	219.73M	219.73M	218.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.19)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.41M	0.00	0.00	83.82M	83.98M	84.29M	218.95M	219.18M	219.45M	219.66M	206.79M
Normalized Net Operating Profit after Tax (NOPAT)	70	0.00	101	64	49	21	24	46	129	125	195
Normalized NOPAT Margin	20.15%	0.00%	7.04%	18.06%	15.66%	7.95%	6.34%	5.72%	15.63%	14.84%	23.05%
Pre Tax Income Margin	7.33%	0.00%	1.95%	0.33%	-0.09%	-5.77%	-21.96%	-1.51%	5.70%	-1.70%	34.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.41	0.00	1.21	0.31	1.00	0.69	-0.36	0.88	1.45	0.89	3.28
NOPAT to Interest Expense	1.40	0.00	1.22	0.38	0.71	0.49	-0.25	0.62	1.43	0.62	3.28
EBIT Less CapEx to Interest Expense	-0.34	0.00	1.24	2.70	6.90	-1.36	0.81	0.69	2.04	0.91	7.68
NOPAT Less CapEx to Interest Expense	-0.35	0.00	1.25	2.76	6.61	-1.57	0.91	0.43	2.02	0.64	7.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	360.06%	0.00%	378.20%	22,875.68%	-6,854,800.00%	-245.99%	-73.43%	-1,499.47%	447.87%	5,125.16%	79.58%
Augmented Payout Ratio	479.46%	0.00%	381.21%	22,948.44%	-6,881,450.00%	-254.28%	-101.79%	-1,554.55%	451.04%	5,575.77%	81.42%

This table displays calculated financial ratios and metrics derived from Kite Realty Group Trust's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	206,792,344.00	203,066,551.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	206,792,344.00	203,066,551.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.06	0.79
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.16%	0.33%	1.76%	0.02%	7.21%	6.90%	0.45%	-1.06%	-2.95%	-9.22%	-8.03%
EBITDA Growth	-0.77%	1.16%	-53.26%	11.44%	6.82%	12.15%	222.32%	-32.48%	124.18%	-16.66%	-12.00%
EBIT Growth	39.46%	28.01%	-130.22%	77.62%	39.66%	46.70%	933.08%	-83.82%	388.33%	-22.19%	-8.68%
NOPAT Growth	86.03%	25.10%	-126.37%	72.50%	52.76%	38.77%	1,056.25%	-87.55%	383.99%	-22.90%	-10.58%
Net Income Growth	876.05%	159.59%	-251.79%	683.33%	172.29%	68.08%	328.38%	-196.23%	732.55%	-51.65%	47.01%
EPS Growth	0.00%	200.00%	-246.67%	700.00%	150.00%	83.33%	327.27%	-187.50%	730.00%	-45.45%	58.00%
Operating Cash Flow Growth	-11.45%	-15.76%	21.64%	1.45%	7.26%	38.22%	-6.52%	3.40%	-3.96%	-32.80%	-4.56%
Free Cash Flow Firm Growth	-4.07%	-94.51%	-26.70%	-85.62%	-82.15%	2,474.96%	146.65%	1,291.46%	1,619.27%	6.34%	-4.24%
Invested Capital Growth	-4.21%	0.23%	-4.21%	-0.16%	-0.09%	-8.14%	-7.84%	-11.76%	-10.47%	-9.68%	-8.31%
Revenue Q/Q Growth	-3.35%	3.58%	2.41%	-2.44%	3.60%	3.28%	-3.77%	-3.91%	-0.44%	-1.69%	-2.21%
EBITDA Q/Q Growth	4.38%	1.68%	-43.32%	85.24%	0.05%	6.75%	62.91%	-61.20%	224.03%	-59.31%	72.01%
EBIT Q/Q Growth	27.12%	11.66%	-145.70%	373.84%	-0.05%	17.28%	159.51%	-94.68%	2,702.46%	-79.89%	204.56%
NOPAT Q/Q Growth	26.74%	16.55%	-140.32%	387.31%	12.24%	6.73%	177.82%	-96.26%	3,900.11%	-81.70%	226.37%
Net Income Q/Q Growth	275.01%	76.83%	-441.53%	134.59%	30.36%	9.15%	364.06%	-114.57%	1,227.82%	-93.66%	1,310.93%
EPS Q/Q Growth	300.00%	50.00%	-466.67%	136.36%	25.00%	10.00%	354.55%	-114.00%	1,285.71%	-92.77%	1,216.67%
Operating Cash Flow Q/Q Growth	-6.57%	-48.22%	165.22%	-20.93%	-1.23%	-33.27%	79.36%	-12.54%	-8.26%	-53.31%	154.74%
Free Cash Flow Firm Q/Q Growth	-17.81%	-92.64%	1,020.93%	-78.80%	2.02%	962.12%	7.37%	19.59%	16.70%	-29.12%	-3.20%
Invested Capital Q/Q Growth	-0.98%	3.94%	-5.97%	3.17%	-0.92%	-4.44%	-5.66%	-1.21%	0.53%	-3.60%	-4.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	66.41%	65.19%	36.08%	68.51%	66.16%	68.39%	115.78%	46.75%	152.15%	62.98%	110.78%
Operating Margin	17.63%	19.01%	-10.50%	21.70%	22.97%	24.25%	70.11%	3.89%	109.58%	21.14%	68.22%
EBIT Margin	17.63%	19.01%	-8.48%	23.80%	22.97%	26.08%	70.33%	3.89%	109.58%	22.42%	69.83%
Profit (Net Income) Margin	4.08%	6.96%	-23.21%	8.23%	10.35%	10.94%	52.77%	-8.00%	90.66%	5.85%	84.34%
Tax Burden Percent	120.40%	159.32%	100.27%	99.80%	254.90%	99.96%	99.82%	65.17%	103.41%	105.81%	100.57%
Interest Burden Percent	19.21%	22.98%	272.93%	34.64%	17.69%	41.97%	75.15%	-315.41%	80.00%	24.64%	120.09%
Effective Tax Rate	6.62%	1.74%	0.00%	0.20%	-2.13%	0.04%	0.18%	0.00%	0.08%	3.56%	0.26%
Return on Invested Capital (ROIC)	2.06%	2.31%	-0.95%	2.76%	3.07%	3.24%	9.94%	0.38%	15.19%	2.88%	9.89%
ROIC Less NNEP Spread (ROIC-NNEP)	1.19%	1.49%	-2.15%	1.81%	2.10%	2.23%	8.51%	-0.42%	13.81%	1.78%	11.27%
Return on Net Nonoperating Assets (RNNOA)	0.90%	1.21%	-1.66%	1.47%	1.73%	1.86%	6.33%	-0.34%	11.64%	1.49%	8.14%
Return on Equity (ROE)	2.96%	3.51%	-2.60%	4.23%	4.80%	5.10%	16.27%	0.04%	26.83%	4.36%	18.03%
Cash Return on Invested Capital (CROIC)	6.59%	2.14%	5.16%	1.21%	1.31%	10.47%	13.09%	16.76%	18.19%	17.42%	16.01%
Operating Return on Assets (OROA)	2.03%	2.17%	-0.99%	2.78%	2.75%	3.22%	8.73%	0.48%	13.45%	2.84%	8.59%
Return on Assets (ROA)	0.47%	0.80%	-2.72%	0.96%	1.24%	1.35%	6.55%	-0.99%	11.13%	0.74%	10.37%
Return on Common Equity (ROCE)	2.91%	3.45%	-2.55%	4.13%	4.68%	4.97%	15.84%	0.04%	25.95%	4.20%	17.32%
Return on Equity Simple (ROE_SIMPLE)	0.00%	1.62%	-0.72%	-0.29%	0.00%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	33	39	-16	45	50	54	149	5.59	224	41	134
NOPAT Margin	16.46%	18.67%	-7.35%	21.65%	23.46%	24.24%	69.98%	2.73%	109.49%	20.39%	68.04%
Net Nonoperating Expense Percent (NNEP)	0.88%	0.81%	1.21%	0.96%	0.97%	1.01%	1.43%	0.80%	1.38%	1.10%	-1.37%
Return On Investment Capital (ROIC_SIMPLE)	0.52%	-	-	-	0.77%	0.87%	2.35%	0.09%	3.66%	0.70%	2.34%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	20.03%	19.70%	19.55%	19.79%	19.91%	18.98%	19.81%	20.83%	21.80%	22.45%	21.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	82.37%	80.99%	110.50%	78.30%	77.03%	75.75%	29.89%	96.11%	-9.58%	78.86%	31.78%
Earnings before Interest and Taxes (EBIT)	35	39	-18	49	49	58	150	7.98	224	45	137
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	133	135	77	142	142	152	247	96	311	126	217
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.33	1.33	1.42	1.72	1.65	1.48	1.48	1.52	1.68	1.86	2.15
Price to Tangible Book Value (P/TBV)	1.33	1.33	1.42	1.72	1.65	1.48	1.48	1.52	1.68	1.86	2.15
Price to Revenue (P/Rev)	5.76	5.70	5.86	6.97	6.50	5.65	5.72	5.65	6.11	6.46	7.63
Price to Earnings (P/E)	99.73	83.44	0.00	0.00	1,343.51	354.37	28.42	34.57	17.28	18.58	18.25
Dividend Yield	4.44%	4.53%	4.43%	3.77%	4.05%	4.67%	4.69%	4.86%	4.59%	5.13%	3.99%
Earnings Yield	1.00%	1.20%	0.00%	0.00%	0.07%	0.28%	3.52%	2.89%	5.79%	5.38%	5.48%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.17	1.24	1.38	1.35	1.27	1.29	1.30	1.37	1.45	1.62
Enterprise Value to Revenue (EV/Rev)	9.23	9.52	9.40	10.84	10.27	9.09	8.70	8.69	9.36	9.77	10.65
Enterprise Value to EBITDA (EV/EBITDA)	13.64	14.05	16.66	18.75	17.75	15.57	11.07	11.75	9.87	10.36	11.53
Enterprise Value to EBIT (EV/EBIT)	49.90	48.77	98.17	92.06	77.64	61.87	25.06	28.50	18.16	18.98	21.03
Enterprise Value to NOPAT (EV/NOPAT)	50.47	49.47	140.24	131.52	110.92	61.26	25.07	28.53	18.19	19.04	21.10
Enterprise Value to Operating Cash Flow (EV/OCF)	19.25	20.40	18.98	21.79	20.64	17.70	17.34	17.12	18.39	19.87	21.53
Enterprise Value to Free Cash Flow (EV/FCFF)	17.55	54.84	23.48	114.26	103.09	11.59	9.44	7.27	7.14	7.92	9.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.78	0.88	0.86	0.94	0.95	0.86	0.88	0.90	0.95	1.00	0.94
Long-Term Debt to Equity	0.78	0.88	0.86	0.94	0.95	0.86	0.88	0.90	0.95	1.00	0.94
Financial Leverage	0.76	0.81	0.77	0.81	0.82	0.84	0.74	0.81	0.84	0.84	0.72
Leverage Ratio	1.91	1.95	1.95	1.98	1.99	1.99	2.00	2.05	2.08	2.05	2.04
Compound Leverage Factor	0.37	0.45	5.31	0.69	0.35	0.84	1.50	-6.46	1.67	0.50	2.45
Debt to Total Capital	43.71%	46.76%	46.29%	48.44%	48.61%	46.33%	46.90%	47.31%	48.66%	50.02%	48.48%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	43.71%	46.76%	46.29%	48.44%	48.61%	46.33%	46.90%	47.31%	48.66%	50.02%	48.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.17%	1.12%	1.20%	1.48%	1.51%	1.65%	1.63%	1.66%	1.90%	2.21%	2.58%
Common Equity to Total Capital	55.12%	52.12%	52.52%	50.08%	49.89%	52.02%	51.48%	51.03%	49.44%	47.77%	48.93%
Debt to EBITDA	5.08	5.67	6.46	6.78	6.62	5.82	4.49	4.65	3.78	3.85	3.81
Net Debt to EBITDA	5.00	5.51	6.11	6.49	6.32	5.69	3.64	3.95	3.28	3.35	3.07
Long-Term Debt to EBITDA	5.08	5.67	6.46	6.78	6.62	5.82	4.49	4.65	3.78	3.85	3.81
Debt to NOPAT	18.80	19.97	54.36	47.53	41.39	22.92	10.16	11.30	6.96	7.07	6.98
Net Debt to NOPAT	18.50	19.39	51.41	45.53	39.49	22.37	8.23	9.59	6.04	6.15	5.62
Long-Term Debt to NOPAT	18.80	19.97	54.36	47.53	41.39	22.92	10.16	11.30	6.96	7.07	6.98
Altman Z-Score	0.73	0.67	0.69	0.81	0.76	0.73	0.79	0.67	0.82	0.78	1.04
Noncontrolling Interest Sharing Ratio	1.81%	1.87%	1.99%	2.35%	2.49%	2.57%	2.64%	3.01%	3.30%	3.71%	3.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.94	2.43	2.18	2.13	2.30	2.72	1.77	1.49	2.03	2.14
Quick Ratio	0.76	1.18	1.44	1.22	1.25	1.07	1.70	0.98	0.74	1.06	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	315	23	260	55	56	598	642	768	896	635	615
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	94.64%	0.00%	0.00%	0.00%	293.16%	0.00%
Free Cash Flow to Firm to Interest Expense	11.58	0.76	8.40	1.74	1.72	18.14	18.85	23.15	27.64	20.03	19.37
Operating Cash Flow to Interest Expense	3.80	1.76	4.59	3.55	3.39	2.25	3.90	3.50	3.29	1.57	3.99
Operating Cash Flow Less CapEx to Interest Expense	4.39	1.82	5.65	3.63	3.56	-0.13	11.03	4.46	15.21	1.03	12.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.11	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.13	0.12
Accounts Receivable Turnover	7.67	7.44	7.21	7.29	7.04	7.06	6.99	7.02	6.66	6.40	6.32
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.13	0.00	0.00	0.13	0.14	0.14	0.14	0.15	0.15	0.15	0.15
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	47.59	49.08	50.64	50.04	51.82	51.67	52.23	51.97	54.82	57.06	57.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	47.59	49.08	50.64	50.04	51.82	51.67	52.23	51.97	54.82	57.06	57.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,428	6,681	6,282	6,481	6,422	6,137	5,789	5,719	5,749	5,543	5,308
Invested Capital Turnover	0.13	0.12	0.13	0.13	0.13	0.13	0.14	0.14	0.14	0.14	0.15
Increase / (Decrease) in Invested Capital	-282	16	-276	-10	-5.92	-544	-493	-762	-672	-594	-481
Enterprise Value (EV)	7,596	7,845	7,780	8,966	8,649	7,780	7,459	7,430	7,903	8,054	8,596
Market Capitalization	4,737	4,695	4,850	5,763	5,469	4,835	4,905	4,829	5,160	5,319	6,158
Book Value per Share	$16.26	$16.09	$15.58	$15.25	$15.08	$14.88	$15.09	$14.43	$14.20	$13.82	$14.13
Tangible Book Value per Share	$16.26	$16.09	$15.58	$15.25	$15.08	$14.88	$15.09	$14.43	$14.20	$13.82	$14.13
Total Capital	6,473	6,774	6,515	6,688	6,639	6,282	6,445	6,218	6,217	5,982	5,863
Total Debt	2,829	3,168	3,016	3,240	3,227	2,910	3,022	2,942	3,025	2,992	2,843
Total Long-Term Debt	2,829	3,168	3,016	3,240	3,227	2,910	3,022	2,942	3,025	2,992	2,843
Net Debt	2,784	3,074	2,852	3,104	3,079	2,841	2,450	2,498	2,624	2,603	2,287
Capital Expenditures (CapEx)	-16	-1.76	-33	-2.50	-5.44	78	-243	-32	-386	17	-269
Debt-free, Cash-free Net Working Capital (DFCFNWC)	33	78	118	106	102	160	129	87	72	129	50
Debt-free Net Working Capital (DFNWC)	69	162	272	223	230	209	311	156	109	162	194
Net Working Capital (NWC)	69	162	272	223	230	209	311	156	109	162	194
Net Nonoperating Expense (NNE)	25	24	34	28	28	29	37	22	38	29	-32
Net Nonoperating Obligations (NNO)	2,784	3,074	2,782	3,033	3,010	2,765	2,367	2,443	2,558	2,553	2,287
Total Depreciation and Amortization (D&A)	98	96	95	93	93	94	97	88	87	81	80
Debt-free, Cash-free Net Working Capital to Revenue	4.02%	9.50%	14.27%	12.79%	12.06%	18.72%	15.04%	10.17%	8.50%	15.66%	6.16%
Debt-free Net Working Capital to Revenue	8.44%	19.65%	32.86%	26.99%	27.27%	24.45%	36.28%	18.21%	12.85%	19.61%	24.08%
Net Working Capital to Revenue	8.44%	19.65%	32.86%	26.99%	27.27%	24.45%	36.28%	18.21%	12.85%	19.61%	24.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.06	($0.22)	$0.08	$0.10	$0.11	$0.50	($0.07)	$0.83	$0.06	$0.80
Adjusted Weighted Average Basic Shares Outstanding	219.34M	219.50M	219.62M	219.67M	219.61M	219.72M	219.84M	219.41M	218.31M	205.69M	202.23M
Adjusted Diluted Earnings per Share	$0.04	$0.06	($0.22)	$0.08	$0.10	$0.11	$0.50	($0.07)	$0.83	$0.06	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	219.73M	219.90M	219.62M	220.10M	219.73M	219.83M	219.95M	219.41M	218.43M	206.06M	203.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	219.45M	219.60M	219.67M	219.67M	219.66M	219.81M	219.86M	216.51M	206.79M	203.07M	200.35M
Normalized Net Operating Profit after Tax (NOPAT)	33	39	32	44	35	54	47	33	224	47	47
Normalized NOPAT Margin	16.40%	18.79%	14.87%	21.36%	16.08%	24.20%	21.79%	16.14%	109.49%	23.22%	23.96%
Pre Tax Income Margin	3.39%	4.37%	-23.15%	8.25%	4.06%	10.95%	52.86%	-12.28%	87.66%	5.52%	83.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.30	1.30	-0.58	1.56	1.51	1.76	4.41	0.24	6.90	1.42	4.32
NOPAT to Interest Expense	1.21	1.28	-0.50	1.42	1.54	1.63	4.39	0.17	6.90	1.29	4.21
EBIT Less CapEx to Interest Expense	1.88	1.36	0.48	1.64	1.67	-0.62	11.54	1.19	18.83	0.88	12.80
NOPAT Less CapEx to Interest Expense	1.80	1.33	0.56	1.50	1.71	-0.74	11.52	1.12	18.82	0.76	12.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	447.87%	383.76%	-906.25%	-2,296.42%	5,125.16%	1,627.58%	134.35%	169.25%	79.58%	93.68%	79.20%
Augmented Payout Ratio	451.04%	392.93%	-927.68%	-2,385.58%	5,575.77%	1,744.25%	145.40%	181.18%	81.42%	95.73%	80.12%

Financials Breakdown Chart

Key Financial Trends

Kite Realty Group Trust (NYSE: KRG) shows a mixed but generally stable operating profile, with strong rental revenue, positive operating cash flow, and a balance sheet that remains heavily leveraged but manageable for a REIT. Over the last several years, the company has generated consistent quarterly revenue in the $200 million range, while funds from operations are not provided here, so net income should be viewed cautiously given REIT depreciation and recurring property-level gains/losses.

The biggest takeaway from the latest quarter is that profitability weakened sharply versus late 2025. In Q1 2026, revenue was $200.7 million, down modestly from $204.2 million in Q4 2025 and $205.1 million in Q3 2025. More importantly, operating income fell to $42.4 million from $223.7 million in Q4 2025, and common shareholders earned just $11.4 million, or $0.06 per share, compared with $180.8 million, or $0.83 per share, in the prior quarter. The difference reflects both lower revenue and much less favorable non-operating and one-time items.

Cash flow remains a key strength. Even in Q1 2026, Kite Realty generated $49.8 million in operating cash flow. That is down from $106.6 million in Q4 2025 and $116.2 million in Q3 2025, but it is still solid and shows the underlying property portfolio continues to produce cash. Over the longer lookback, operating cash flow has generally stayed positive every quarter shown.

At the same time, financing activity remains a drag on liquidity. In Q1 2026, the company repaid $270.3 million of debt, paid $93.2 million in dividends, and repurchased preferred equity, resulting in total financing cash outflow of $280.5 million and a net cash decline of $255.2 million. That pushed cash and equivalents down to $32.5 million from $68.7 million at the end of Q3 2025 and far below $182.0 million at Q2 2025.

The balance sheet shows substantial property assets, but also meaningful leverage. As of Q1 2026, total assets were $6.35 billion, including $5.31 billion of net property, plant and equipment. Total liabilities were $3.36 billion, with long-term debt of $2.99 billion. Equity stood at $2.86 billion. For a REIT, this is not unusual, but debt remains a major factor investors need to monitor.

Recent trends suggest the company has been actively managing its portfolio. In the past year, cash flow statements show recurring property sales and acquisitions, along with investment sales and ongoing debt issuance/repayment. That points to portfolio repositioning rather than a static asset base. In Q1 2026, Kite Realty sold $15.5 million of property and bought $32.4 million of property, plant and equipment, suggesting continued reinvestment.

Quarterly earnings have been volatile because of impairments and special items. For example, Q3 2025 included a $39.3 million impairment charge and Q2 2025 included a $103.0 million special gain/income item that boosted reported results. That means GAAP net income may swing sharply even when the core business is comparatively stable. Retail investors should focus more on operating cash flow, rent trends, and leverage than on headline net income alone.

Operating cash flow stayed positive at $49.8 million in Q1 2026, indicating the portfolio continues to generate cash.
Revenue remained near the $200 million level in Q1 2026, showing a relatively stable top line over several quarters.
The company maintained a large equity base of $2.86 billion at quarter-end.
Property sales helped support liquidity in multiple periods, including Q1 2026 and Q4 2025.
Debt has been actively managed, with large repayments showing management’s willingness to reduce leverage when possible.
GAAP earnings have been volatile because of depreciation, impairments, and one-time gains or losses.
Cash balances moved sharply quarter to quarter, so liquidity is being managed actively rather than passively.
The company continues to buy and sell assets, suggesting ongoing portfolio repositioning.
Q1 2026 net income fell sharply from the prior quarter, with common shareholders earning only $11.4 million versus $180.8 million in Q4 2025.
Long-term debt remains high at about $3.0 billion, which keeps interest expense a material burden.

Bottom line: Kite Realty Group Trust still looks like a cash-generating REIT with a sizable asset base, but the latest quarter shows softer earnings and declining cash after heavy debt repayment and dividend outflows. For investors, the key questions are whether operating cash flow remains resilient and whether management can keep leverage under control while maintaining the dividend.

08/14/26 01:37 PM ETAI Generated. May Contain Errors.

Kite Realty Group Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kite Realty Group Trust's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Kite Realty Group Trust's net income appears to be on an upward trend, with a most recent value of $305.53 million in 2025, falling from -$3.54 million in 2013. The previous period was $4.42 million in 2024. See Kite Realty Group Trust's forecast for analyst expectations on what's next for the company.

Kite Realty Group Trust's total operating income in 2025 was $435.09 million, based on the following breakdown:

Total Gross Profit: $844.37 million
Total Operating Expenses: $409.28 million

Over the last 10 years, Kite Realty Group Trust's total revenue changed from $129.49 million in 2013 to $844.37 million in 2025, a change of 552.1%.

Kite Realty Group Trust's total liabilities were at $3.47 billion at the end of 2025, a 5.6% decrease from 2024, and a 79.2% increase since 2015.

In the past 10 years, Kite Realty Group Trust's cash and equivalents has ranged from $19.87 million in 2016 to $128.06 million in 2024, and is currently $36.76 million as of their latest financial filing in 2025.

Over the last 10 years, Kite Realty Group Trust's book value per share changed from 20.71 in 2015 to 14.20 in 2025, a change of -31.5%.

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Financial statements for NYSE:KRG last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kite Realty Group Trust (KRG) Financials

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Kite Realty Group Trust (KRG) Financials

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