Kite Realty Group Trust (KRG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kite Realty Group Trust stock $25.00, price $25.45, that is 1.8% below the price, quality 63 out of 100. Rating: fairly valued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $13.69 – $29.47 · fair‑value band $10.97 – $31.64 · the $25.45 price screens above the $25.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Kite Realty Group Trust is a real estate investment trust that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. The Company's portfolio is concentrated in high-growth Sun Belt and select strategic gateway markets.
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Publicly listed since 2004, KRG has more than six decades of experience in developing, operating, and investing in real estate, using a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders.
As of December 31, 2025, the Company owned interests in 169 U.S. open-air shopping centers and mixed-use assets, comprising approximately 27.3 million square feet of gross leasable space. Kite Realty Group Trust is based in Indianapolis, United States.
Stock analysis
Kite Realty Group Trust (KRG) currently trades at $25.45, while our model-based Fair Value estimate is $25.00, so the stock looks roughly fairly valued today (gap 1.8%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $29.27 per share, and 5 of the 15 models we run sit above the $25.45 price.
Bear case: the Asset-Based group reads lowest at $9.54, and 10 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: $10.97 (bear) to $31.64 (bull), the price of $25.45 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kite Realty Group Trust reported revenue of $848M in FY2025 versus $373M in FY2021, a compound +22.8%/yr. Reported net income was $299M in FY2025.
Key figures
Market cap $5.2B Mid · P/E ratio 15.5 · P/S ratio 6.46 · EPS (TTM) $1.60 · Dividend yield 4.5% · Net margin 41.8% · Return on equity 10.7% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −30% fair-value upside, at −2%, KRG screens cheaper than that median.
Fair Value models
Bear$10.97Fair Value $25.00Bull$31.64
Price $25.45 · Downside -1.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.3932 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $161,375 and none bought.
SaleSteven P GrimesDirector5,922 shares at $27.25$161,375May 26, 2026
SaleCharles H WurtzebachDirector7,722 shares at $26.08$201,390Feb 26, 2026
Plus 11 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.0%
Start year 2020 (pandemic). Over 10 years: +9.3% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.0%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +90.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+86.1%
Dividend (yield on the price)4.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 23%
⚠ Revenue per share shrinking 1.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Approximate: the rate leans on 2025, which sits 1,087% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+0.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +12.5% a year for the price and −2.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (89 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Kite Realty's capital recycling program strengthens its tenant base and leasing power with higher-quality assets, while typical sector capital intensity and e-commerce pressure remain key limitations.
Main risk: E-commerce pressure may constrain the company's long-term leasing power and same-property income growth in its retail properties.
Kite Realty has been steadily selling non-core shopping centers and redeploying proceeds into higher-quality open-air assets through its capital recycling program. This has helped drive same-property NOI growth and supported a recent dividend increase. Will the benefits of a cleaner tenant base and stronger leasing power continue to outpace the execution demands of ongoing portfolio shifts?
Compare Kite Realty Group Trust with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Retail · 88 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−1.8% · Above median
Profitability
Return on equity (12 months)10.7% · Above median
Return on assets4.5% · Above median
Net margin (12 months)41.8% · Below median
Operating margin (12 months)24.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−8.0% · Bottom 25%
Dividend yield (12 months)4.5% · Below median
Balance sheet
Debt / equity0.85× · Highest 25%
Valuation Multiplesvs REIT - Retail median · lower = cheaper
P/E (12 months)15.5× · Pricier than median
P/B1.69× · Priciest 25%
P/S (12 months)6.46× · Cheaper than median
Price / free cash flow (fiscal year)18.8× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kite Realty Group Trust Fair Value". https://www.fairvalue-calculator.com/stock/KRG
Frequently asked questions
Is Kite Realty Group Trust (KRG) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $25.00 versus a price of $25.45, about 2% lower (fairly valued).
What is the fair value of KRG?
Our model-based fair value for Kite Realty Group Trust is $25.00 (as of Nov 6, 2026), built from audited fundamentals. The current price: $25.45.
What is the quality score of KRG?
Kite Realty Group Trust has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kite Realty Group Trust (KRG)?
Our model-based price target is the fair value of $25.00 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario $10.97, optimistic scenario $31.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Kite Realty Group Trust stock forecast for 2026?
Our models put fair value at $25.00, about 2% lower versus a price of $25.45 (fairly valued). Cautious scenario $10.97, optimistic scenario $31.64. The calculation is refreshed regularly with new filings.
What is the revenue of Kite Realty Group Trust (KRG)?
Kite Realty Group Trust reported trailing-twelve-month revenue of about $807M (latest available figure, as of Nov 6, 2026).
Does Kite Realty Group Trust pay a dividend?
Kite Realty Group Trust currently shows a dividend yield of 4.48% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kite Realty Group Trust (KRG) and when is the ex-dividend date?
Kite Realty Group Trust pays a dividend of $1.14 per share a year, a dividend yield of 4.5%. The last ex-dividend date was Oct 9, 2026. A dividend has been paid every year since at least 2004. The payout ratio is 71.3% of earnings. Free cash flow covers the dividend 1.20 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Kite Realty Group Trust (KRG)?
For today's price to be fair in a discounted-cash-flow model, Kite Realty Group Trust would have to grow free cash flow by +15.2 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of KRG use?
Our models discount Kite Realty Group Trust at 9.4 %: a base by market capitalisation (mid), damped by beta 0.87, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kite Realty Group Trust that is +15.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Kite Realty Group Trust (KRG) delivered so far?
Over the past 5 years revenue at Kite Realty Group Trust grew +26.0 % a year. The price currently implies free-cash-flow growth of +15.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kite Realty Group Trust (KRG) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Kite Realty Group Trust (+15.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kite Realty Group Trust (KRG)?
The free-cash-flow yield on the price is 5.33 %: that much free cash flow Kite Realty Group Trust produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kite Realty Group Trust (KRG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kite Realty Group Trust it is $25.00 per share (as of Nov 6, 2026), against a price of $25.45. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Kite Realty Group Trust stock overvalued or undervalued in 2026?
As of Nov 6, 2026, KRG trades above its calculated fair value: price $25.45, fair value $25.00, a gap of about −2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KRG?
No. The price is what the market pays today ($25.45); the fair value is what the company's own numbers justify ($25.00). For Kite Realty Group Trust the two are $0.4500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kite Realty Group Trust worth?
The market values Kite Realty Group Trust at about $5.2B (market capitalisation, as of Nov 6, 2026). Per share that is $25.45; our models calculate a fair value of $25.00 per share.
What do the bullish and bearish scenarios say about KRG?
Our models span a range for Kite Realty Group Trust: cautious scenario $10.97, base $25.00, optimistic $31.64 per share (as of Nov 6, 2026, price $25.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KRG?
Kite Realty Group Trust trades at a price-to-earnings ratio of 15.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $25.00 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 138.1. Other multiples: PEG 3.1, P/B 1.7, P/S 6.5, EV/EBITDA 16.2.
What is the PEG ratio of KRG?
The PEG ratio of Kite Realty Group Trust is 3.14 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kite Realty Group Trust (KRG)?
Balance-sheet figures for Kite Realty Group Trust (as of Nov 6, 2026): return on equity 10.7%, debt of 0.85 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is KRG from its 52-week high?
Kite Realty Group Trust trades at $25.45, about 14% below its 52-week high of $29.47 and 22% above the low of $20.89 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $25.00 is for.
Which stocks are comparable to Kite Realty Group Trust?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Kimco Realty Corporation, Unibail-Rodamco-Westfield SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kite Realty Group Trust stock attractive at the current price?
The data as of Nov 6, 2026: price $25.45, calculated fair value $25.00 (−2%), Quality Score 63/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KRG calculated?
We run Kite Realty Group Trust through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $25.00 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Kite Realty Group Trust itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kite Realty Group Trust (KRG)?
The closing price on Nov 6, 2026 was $25.45. Our model-based fair value is $25.00, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kite Realty Group Trust right now?
The model range is unusually wide ($10.97 to $31.64). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Kite Realty Group Trust (KRG) come from?
Earnings per share at Kite Realty Group Trust grew +14.5 % a year from 2015 to 2025. Broken into its drivers: revenue per share −1.0 %, EBIT margin −0.8 %, tax rate +0.4 %, residual (interest, one-offs) +16.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kite Realty Group Trust
How large is the market capitalisation of Kite Realty Group Trust (KRG)?
The market capitalisation of Kite Realty Group Trust is $5.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kite Realty Group Trust (KRG)?
The price-to-sales ratio of Kite Realty Group Trust is 6.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kite Realty Group Trust (KRG)?
Earnings per share at Kite Realty Group Trust are $1.60 (price ÷ EPS = P/E 15.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kite Realty Group Trust (KRG)?
The dividend yield of Kite Realty Group Trust is 4.5% (payout 71.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kite Realty Group Trust (KRG)?
The net margin of Kite Realty Group Trust is 41.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kite Realty Group Trust (KRG)?
The return on equity (ROE) of Kite Realty Group Trust is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kite Realty Group Trust (KRG)?
On an EBIT basis the return on assets of Kite Realty Group Trust is 1.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kite Realty Group Trust (KRG)?
The operating margin of Kite Realty Group Trust is 24.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kite Realty Group Trust (KRG)?
Revenue at Kite Realty Group Trust is growing −8.0% versus a year earlier (3y avg +1.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kite Realty Group Trust (KRG)?
Earnings per share at Kite Realty Group Trust are growing +58.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kite Realty Group Trust (KRG) carry?
The net debt of Kite Realty Group Trust is $3.3B (fiscal year 2025, ≈ 12.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026