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Kite Realty Group Trust

OverviewSuggest Edit

Kite Realty Group Trust, is a full-service, vertically integrated real estate company engaged in the ownership, operation, management, leasing, acquisition, construction, expansion, and development and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The Company owns interests in a portfolio of 63 operating and redevelopment properties totaling 9.3 million square feet and an additional two properties currently under development which, upon completion, are anticipated to have 0.4 million square feet of gross leasable area (including non-owned anchor space). Its strategy is to maximize the cash flow of its operating properties, successfully complete the construction and lease-up of the development portfolio and identify additional growth opportunities in the form of new developments and acquisitions. A significant volume of growth opportunity is sourced through the extensive network of tenant, corporate and institutional relationships that have been established over the last four decades. New investments are focused in the shopping center sector, and the Company may selectively pursue commercial development opportunities in markets where it currently operates and where it believes the existing infrastructure and relationships can be leveraged to generate attractive risk adjusted returns.
TypePublic
HQIndianapolis, USMap
Websitekiterealty.com
Employee Ratings2.8More
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Latest Updates

Employees (est.) (Dec 2019)133(-7%)
Revenue (FY, 2019)$315.2 M(-11%)
Share Price (May 2020)$9.7 (+3%)

Key People/Management at Kite Realty Group Trust

John A. Kite

John A. Kite

Chairman and CEO
Thomas K. McGowan

Thomas K. McGowan

President and COO
Heath R. Fear

Heath R. Fear

Executive Vice President, Chief Financial Officer
Adam Basch

Adam Basch

SVP, Portfolio Management
Scott E. Murray

Scott E. Murray

Executive Vice President, General Counsel & Corporate Secretary
Wade Achenbach

Wade Achenbach

Executive Vice President, Portfolio Management
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Kite Realty Group Trust Office Locations

Kite Realty Group Trust has offices in Indianapolis, Cary, Dallas, Delray Beach and in 5 other locations
Indianapolis, US (HQ)
30 S Meridian St #1100
Cary, US
7119 O’Kelly Chapel Road
Dallas, US
8070 Park Ln #225
Delray Beach, US
14851 Lyons Rd #121
Las Vegas, US
7701 W Tropical Pkwy #110
Naples, US
2415 Tarpon Bay Blvd #7
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Kite Realty Group Trust Financials and Metrics

Kite Realty Group Trust Revenue

Kite Realty Group Trust's revenue was reported to be $315.17 m in FY, 2019
USD

Revenue (Q1, 2020)

69.9m

Net income (Q1, 2020)

130.0k

EBIT (Q1, 2020)

12.8m

Market capitalization (21-May-2020)

815.1m

Closing stock price (21-May-2020)

9.7

Cash (31-Mar-2020)

343.9m

EV

1.9b
Kite Realty Group Trust's current market capitalization is $815.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

101.9m101.1m159.0m259.5m347.0m354.1m358.8m354.2m315.2m

Revenue growth, %

100%34%2%

Cost of goods sold

18.6m17.4m21.7m38.7m50.0m47.9m49.6m50.4m

Gross profit

83.3m83.7m137.3m220.8m297.0m306.2m309.2m303.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

25.3m25.5m26.4m25.1m25.4m32.1m31.0m32.7m42.7m40.8m88.6m86.8m83.7m87.1m88.6m87.6m89.1m90.1m92.6m87.1m89.8m91.7m85.7m83.5m81.5m74.9m69.9m

Cost of goods sold

4.5m4.5m4.7m4.2m4.2m5.3m5.2m5.4m7.3m6.9m11.9m12.7m11.8m12.0m12.2m11.3m11.9m13.0m12.1m11.9m12.5m12.6m12.1m11.4m11.5m

Gross profit

20.8m21.0m21.7m20.9m21.2m26.8m25.8m27.2m35.3m34.0m76.7m74.1m71.9m75.2m76.4m76.2m77.2m77.2m80.5m75.3m77.3m79.1m73.7m72.1m70.0m

Gross profit Margin, %

82%82%82%83%84%84%83%83%83%83%87%85%86%86%86%87%87%86%87%86%86%86%86%86%86%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

10.0m12.5m18.1m43.8m33.9m19.9m24.1m35.4m31.3m

Accounts Receivable

20.4m21.2m24.8m48.1m51.1m167.8m58.3m58.1m55.3m

Prepaid Expenses

2.0m2.2m4.5m8.8m8.9m16.4m12.8m34.5m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

7.6m9.2m15.6m8.3m9.9m14.6m13.1m12.1m31.9m22.6m31.2m126.7m70.1m43.0m23.3m37.9m28.8m22.6m27.6m32.5m28.8m32.4m30.7m28.4m35.8m40.4m343.9m

Accounts Receivable

18.1m19.4m19.4m19.1m20.0m21.3m20.8m22.4m26.8m27.6m38.6m42.4m44.4m47.4m52.4m48.7m50.4m52.3m52.3m53.3m57.2m53.1m57.1m55.4m52.0m50.0m49.9m

Prepaid Expenses

2.0m2.5m2.1m2.2m2.5m2.9m5.2m4.0m6.8m3.7m12.1m11.8m8.7m10.1m10.8m8.6m10.8m12.8m10.2m12.8m20.3m14.2m17.4m41.1m37.3m37.1m36.3m

PP&E

26.0m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

5.0m(4.3m)(3.5m)(4.7m)29.3m3.1m13.9m(46.5m)(2.0k)

Depreciation and Amortization

37.1m40.4m57.8m123.9m170.5m179.1m174.6m156.1m134.9m

Cash From Operating Activities

32.2m23.3m52.1m42.2m169.3m154.9m153.7m154.4m138.0m

Purchases of PP&E

(63.6m)(114.2m)(112.6m)(94.6m)(92.6m)(94.3m)(70.5m)(59.3m)(53.3m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(320.2k)480.0k1.5m943.1k19.0k2.0m(4.6m)(4.0m)4.5m1.3m(12.7m)7.9m15.1m18.1m2.0m477.0k(785.0k)437.0k11.3m11.1m(18.0m)(19.1m)(14.7m)6.0m4.3m(15.8m)130.0k

Depreciation and Amortization

19.1m27.9m9.7m19.9m30.7m11.8m25.9m43.3m18.0m38.2m83.5m41.3m83.3m126.6m43.1m87.7m135.4m46.4m89.7m133.2m39.2m80.6m118.1m35.3m70.9m103.5m32.1m

Cash From Operating Activities

15.0m20.9m5.3m11.2m20.7m12.7m25.0m37.0m6.5m22.8m10.6m45.1m85.9m137.8m32.4m80.9m120.7m35.6m81.1m122.1m36.3m82.0m119.0m32.3m69.7m106.2m21.9m

Purchases of PP&E

(29.4m)(50.0m)(13.6m)(31.6m)(68.8m)(32.7m)(53.4m)(75.1m)(20.3m)(39.0m)(72.3m)(22.6m)(47.9m)(69.9m)(21.4m)(44.2m)(68.4m)(23.8m)(34.9m)(59.7m)(18.1m)(34.6m)(47.3m)(11.5m)(25.2m)(37.6m)
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USDY, 2020

EV/EBIT

149.5 x

EV/CFO

87.7 x

Financial Leverage

2.3 x
Show all financial metrics

Kite Realty Group Trust Online and Social Media Presence

Kite Realty Group Trust's Trends

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Kite Realty Group Trust News and Updates

February 18, 2020

Kite Realty Group Trust Reports Strong 2019 Operating Results and Provides 2020 Guidance

INDIANAPOLIS, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (“KRG”) reported today its operating results for the fourth quarter ended December 31, 2019.
January 22, 2020

Kite Realty Group Trust Announces Tax Reporting Information for 2019 Dividend Distributions

INDIANAPOLIS, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today the allocations of the company's 2019 dividend distributions on its common stock. The allocations as they will be reported on Form 1099-DIV are as follows:
January 06, 2020

Kite Realty Group Trust Reports 2019 Transactional Summary

INDIANAPOLIS, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (“KRG”) reported today its 2019 transactional activity for full year 2019.
August 05, 2019

Kite Realty Group Trust Reports Substantial Progress on Deleveraging and Disposition Program Along with Strong Second Quarter 2019 Operating Results

INDIANAPOLIS, Aug. 05, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (“KRG”) reported today its operating results for the second quarter ended June 30, 2019.
June 17, 2019

Kite Realty Group Trust to Report Second Quarter 2019 Financial Results on August 5, 2019

INDIANAPOLIS, June 17, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending June 30, 2019, after the market closes on Monday, August 5. KRG will conduct a conference call to discuss its financial results the follo…
June 03, 2019

Kite Realty Group Trust to Present at NAREIT’s REITweek 2019 Investor Conference

INDIANAPOLIS, June 03, 2019 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will present at NAREIT's REITweek 2019 Investor Conference on Wednesday, June 5th at 8:00 a.m. EDT. 
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 Kite Realty Group Trust Frequently Asked Questions

  • Who are Kite Realty Group Trust key executives?

    Kite Realty Group Trust's key executives are John A. Kite, Thomas K. McGowan and Heath R. Fear.

  • How many employees does Kite Realty Group Trust have?

    Kite Realty Group Trust has 133 employees.

  • What is Kite Realty Group Trust revenue?

    Latest Kite Realty Group Trust annual revenue is $315.2 m.

  • What is Kite Realty Group Trust revenue per employee?

    Latest Kite Realty Group Trust revenue per employee is $2.4 m.

  • Who are Kite Realty Group Trust competitors?

    Competitors of Kite Realty Group Trust include Preferred Apartment Communities, VEREIT and Federal Realty Investment Trust.

  • Where is Kite Realty Group Trust headquarters?

    Kite Realty Group Trust headquarters is located at 30 S Meridian St #1100, Indianapolis.

  • Where are Kite Realty Group Trust offices?

    Kite Realty Group Trust has offices in Indianapolis, Cary, Dallas, Delray Beach and in 5 other locations.

  • How many offices does Kite Realty Group Trust have?

    Kite Realty Group Trust has 9 offices.