Kite Realty Group Trust header image

Kite Realty Group Trust

KRG

Equity

ISIN US49803T3005 / Valor 25008577

New York Stock Exchange, Inc (2025-03-14)
USD 21.75+2.40%

Kite Realty Group Trust
UMushroom community rating:

star star star star star
0.00 0 votes No rating yet
NegativeNeutralPositive

About company

Kite Realty Group Trust is a real estate investment trust (REIT) that focuses on owning and operating high-quality neighborhood and community open-air shopping centers in select markets across the United States. The company is involved in the acquisition, development, and redevelopment of these properties, offering a full-service approach to its real estate investments.

Summarized from source with an LLMView SourceSector: Finance

Latest Results (25.12.2024):

Leasing Achievements

In the third quarter of 2024, Kite Realty Group Trust achieved a record-breaking leasing volume, securing approximately 1.7 million square feet of space. This milestone represents the highest quarterly leasing volume in the company's history, reflecting strong demand across both anchor and small shop spaces. The company's portfolio is now 95% leased, marking a 160 basis point increase compared to the previous year.

Financial Performance

Kite Realty Group Trust reported NAREIT FFO of $0.51 per share for Q3 2024, with a same-property NOI growth of 3%. This growth was supported by a 280-basis-point increase in minimum rent and a 120-basis-point increase in net recoveries. The company has adjusted its full-year 2024 FFO guidance to a range of $2.06 to $2.08, reflecting improved same-property NOI growth expectations.

Development Projects

The company announced expansion plans for One Loudoun, a mixed-use development in the Washington, DC area. The project will include 86,000 square feet of retail and 33,000 square feet of office space, with potential additions of a 170-room hotel and a 400-unit multifamily complex. Kite Realty Group Trust is focused on managing capital contributions while maintaining a stake in these developments.

Dividend Increase

Kite Realty Group Trust's Board of Trustees authorized an increase in the quarterly dividend to $0.27 per share, representing a 3.8% sequential increase and an 8% year-over-year increase. The company anticipates further dividend growth as occupancy and NOI continue to rise, emphasizing the importance of dividends to its long-term investors.

Capital Markets Activity

In August 2024, Kite Realty Group Trust issued a seven-year $350 million bond with a 4.95% coupon, aiming to minimize capital markets risk as it approaches 2025. This strategic move reflects the company's proactive approach to managing its financial position and ensuring liquidity for future growth opportunities.

Summarized from source with an LLMView Source

Key figures

4.67%1Y
-0.96%3Y
60.3%5Y

Performance

21.8%1Y
27.5%3Y
47.2%5Y

Volatility

Market cap

5485 M

Market cap (USD)

Daily traded volume (Shares)

2,474,441

Daily traded volume (Shares)

1 day high/low

25.03 / 24.65

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

Ratings & reviews

star star star star star

0.00

0 votes
Performance:
starstarstarstarstar
0.00
Innovation:
starstarstarstarstar
0.00
Society:
starstarstarstarstar
0.00
Nature:
starstarstarstarstar
0.00

EQUITIES OF THE SAME SECTOR

Mercialys
Mercialys Mercialys Valor: 2293301
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
1.45%EUR 11.19
Graham Holdings Co
Graham Holdings Co Graham Holdings Co Valor: 22908256
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
3.68%USD 933.05
Enterprise Financial Services Corp
Enterprise Financial Services Corp Enterprise Financial Services Corp Valor: 1417623
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
2.23%USD 55.83
Artisan Partners Asset Management Inc
Artisan Partners Asset Management Inc Artisan Partners Asset Management Inc Valor: 20800195
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
2.67%USD 39.54
Industrivaerden AB
Industrivaerden AB Industrivaerden AB Valor: 613221
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
1.83%SEK 389.80
Eurocommercial Properties NV
Eurocommercial Properties NV Eurocommercial Properties NV Valor: 113468330
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
1.67%EUR 24.40
BenevolentAI S.A.
BenevolentAI S.A. BenevolentAI S.A. Valor: 112417726
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
0.00%EUR 0.081
Nordnet AB
Nordnet AB Nordnet AB Valor: 58372832
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
4.57%SEK 242.40
FS KKR Capital Corp
FS KKR Capital Corp FS KKR Capital Corp Valor: 55268123
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
2.24%USD 21.44
F.N.B. Corp
F.N.B. Corp F.N.B. Corp Valor: 931177
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
2.67%USD 13.46