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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, IN, USMap
Websitekiterealty.com
Employee Ratings2.6More
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Employees (est.) (Dec 2019)133(-7%)
Revenue (FY, 2019)$315.2 M(-11%)
Share Price (Jan 2021)$16.8
Cybersecurity ratingAMore

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
Scott E. Murray

Scott E. Murray

Executive Vice President, General Counsel & Corporate Secretary
Wade Achenbach

Wade Achenbach

Executive Vice President, Portfolio Management
Dave Buell

Dave Buell

SVP, Chief Accounting Officer
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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, IN, US (HQ)
30 S Meridian St #1100
Cary, NC, US
7119 O’Kelly Chapel Road
Dallas, TX, US
8070 Park Ln #225
Delray Beach, FL, US
14851 Lyons Rd #121
Las Vegas, NV, US
7701 W Tropical Pkwy #110
Naples, FL, 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 (Q3, 2020)

65.1m

Net income (Q3, 2020)

(4.6m)

EBIT (Q3, 2020)

8.2m

Market capitalization (15-Jan-2021)

1.4b

Closing stock price (15-Jan-2021)

16.8

Cash (30-Sept-2020)

129.3m

EV

2.5b
Kite Realty Group Trust's current market capitalization is $1.4 b.
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, 2020Q2, 2020Q3, 2020

Revenue

25.3m25.5m26.4m25.1m25.4m32.1m31.0m32.7m42.7m40.8m88.6m86.8m83.7m87.1m88.6m87.6m89.1m90.1m92.6m87.1m89.8m91.7m85.7m83.5m81.5m74.9m69.9m63.3m65.1m

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, 2020Q2, 2020Q3, 2020

Cash

7.6m9.2m15.6m8.3m9.9m14.6m13.1m12.1m31.9m22.6m31.2m126.7m70.1m43.0m23.3m37.9m28.8m22.6m27.6m32.5m28.8m32.4m30.7m28.4m35.8m40.4m343.9m230.0m129.3m

Accounts Receivable

18.1m19.4m19.4m19.1m20.0m21.3m20.8m22.4m26.8m27.6m38.6m42.4m44.4m47.4m52.4m48.7m50.4m52.3m52.3m53.3m57.2m53.1m57.1m55.4m52.0m50.0m49.9m61.6m57.1m

Prepaid Expenses

2.0m2.5m2.1m2.2m2.5m2.9m5.2m4.0m6.8m3.7m12.1m11.8m8.7m10.1m10.8m8.6m10.8m12.8m10.2m12.8m20.3m14.2m17.4m41.1m37.3m37.1m36.3m38.2m39.3m

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, 2020Q2, 2020Q3, 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(4.7m)(9.3m)

Depreciation and Amortization

19.1m27.9m9.7m19.9m30.7m11.8m25.9m43.3m18.0m38.2m83.5m41.3m83.3m126.6m43.1m87.7m135.4m46.4m89.7m133.2m39.2m80.6m118.1m35.3m70.9m103.5m32.1m64.1m98.5m

Cash From Operating Activities

15.0m20.9m5.3m11.2m20.7m12.7m25.0m37.0m6.5m22.8m10.6m45.1m85.9m137.8m32.4m80.9m120.7m35.6m81.1m122.1m36.3m82.0m119.0m32.3m69.7m106.2m21.9m49.8m85.8m

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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USDQ2, 2011

Debt/Equity

1.6 x

Debt/Assets

0.6 x

Financial Leverage

2.8 x
Show all financial metrics

Kite Realty Group Trust Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

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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

December 04, 2020

Kite Realty Group Trust to Report Fourth Quarter 2020 Financial Results on February 11, 2021

INDIANAPOLIS, Dec. 04, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will release financial results for the quarter ending December 31, 2020, after the market closes on Thursday, February 11. KRG will conduct a conference call to discuss its financial results …
November 16, 2020

Kite Realty Group Trust to Present at NAREIT’s REITworld: 2020 Virtual Investor Conference

INDIANAPOLIS, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that it will present at Nareit’s REITworld: 2020 Virtual Investor Conference on Wednesday, November 18, 2020 at 9:30 a.m. ET. To access the Company’s live presentation, attendees are required to regi…
September 14, 2020

Kite Realty Group Trust Announces Quarterly Common Dividend, Update on Quarterly Rent Collections and Repayment of Line of Credit

INDIANAPOLIS, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.08 per common share for the quarter ending September 30, 2020. This distribution will be paid on or about October 9, 2020, to…
June 18, 2020

Kite Realty Group Trust Announces Quarterly Common Dividend and Repayment of Credit Facility

INDIANAPOLIS, June 18, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.052 per common share for the quarter ending June 30, 2020. This distribution will be paid on or about July 9, 2020, to sharehol…
June 09, 2020

Kite Realty Group Trust Updates Rent Collections and Store Reopening Status

INDIANAPOLIS, June 09, 2020 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) provided the following update.
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.
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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 Aimco.

  • 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.