Kite Realty Group Trust

NYSE:KRG Stock Report

Market Cap: US$5.1b

Kite Realty Group Trust Valuation

Is KRG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$25.75
Fair Value
12.4% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: KRG ($22.55) is trading below our estimate of fair value ($25.75)

Significantly Below Fair Value: KRG is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KRG?

Key metric: As KRG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KRG. This is calculated by dividing KRG's market cap by their current earnings.
What is KRG's PE Ratio?
PE Ratio28.7x
EarningsUS$172.60m
Market CapUS$5.07b

Price to Earnings Ratio vs Peers

How does KRG's PE Ratio compare to its peers?

The above table shows the PE ratio for KRG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.5x
PECO Phillips Edison
62.7x9.31%US$4.8b
SKT Tanger
37x9.06%US$3.8b
NNN NNN REIT
20.6x2.80%US$8.1b
FRT Federal Realty Investment Trust
25.5x-2.16%US$8.6b
KRG Kite Realty Group Trust
28.7x-34.58%US$5.1b

Price-To-Earnings vs Peers: KRG is good value based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (36.5x).

Price to Earnings Ratio vs Industry

How does KRG's PE Ratio compare vs other companies in the US Retail REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SITC SITE Centers
1.2x-120.45%US$457.32m
RVIC Retail Value
0.2xn/aUS$5.72m
No more companies available in this PE range
KRG 28.7xIndustry Avg. 26.6xNo. of Companies6PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KRG is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the US Retail REITs industry average (26.6x).

Price to Earnings Ratio vs Fair Ratio

What is KRG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KRG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio19.9x

Price-To-Earnings vs Fair Ratio: KRG is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KRG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.55
US$25.67
+13.82%
9.98%US$31.00US$23.00n/a12
Oct ’26US$22.18
US$25.58
+15.34%
10.40%US$31.00US$22.00n/a12
Sep ’26US$22.82
US$25.91
+13.54%
11.81%US$32.00US$22.00n/a11
Aug ’26US$21.64
US$26.18
+20.99%
10.78%US$32.00US$23.00n/a11
Jul ’26US$22.67
US$26.36
+16.29%
12.24%US$32.00US$22.00n/a11
Jun ’26US$22.12
US$26.60
+20.25%
12.38%US$32.00US$22.00n/a10
May ’26US$22.07
US$27.10
+22.79%
12.40%US$32.00US$21.00n/a10
Apr ’26US$22.46
US$27.30
+21.55%
11.12%US$32.00US$23.00n/a10
Mar ’26US$22.93
US$27.80
+21.24%
11.01%US$32.00US$23.00n/a10
Feb ’26US$23.15
US$29.60
+27.86%
7.73%US$33.00US$26.00n/a10
Jan ’26US$25.24
US$30.50
+20.84%
6.26%US$33.00US$27.00n/a10
Dec ’25US$27.57
US$30.67
+11.23%
5.54%US$33.00US$28.00n/a9
Nov ’25US$25.80
US$28.56
+10.68%
8.44%US$33.00US$26.00n/a9
Oct ’25US$26.26
US$28.56
+8.74%
8.44%US$33.00US$26.00US$22.189
Sep ’25US$26.08
US$27.33
+4.81%
6.68%US$30.00US$24.00US$22.829
Aug ’25US$24.78
US$25.78
+4.03%
9.10%US$30.00US$23.00US$21.649
Jul ’25US$22.22
US$25.70
+15.66%
8.35%US$30.00US$23.00US$22.6710
Jun ’25US$21.92
US$25.70
+17.24%
8.35%US$30.00US$23.00US$22.1210
May ’25US$21.42
US$25.50
+19.05%
9.15%US$30.00US$22.00US$22.0710
Apr ’25US$21.19
US$25.50
+20.34%
9.15%US$30.00US$22.00US$22.4610
Mar ’25US$21.28
US$25.67
+20.61%
9.18%US$30.00US$22.00US$22.939
Feb ’25US$21.72
US$25.60
+17.86%
8.77%US$30.00US$22.00US$23.1510
Jan ’25US$22.86
US$25.50
+11.55%
9.49%US$30.00US$21.00US$25.2410
Dec ’24US$22.00
US$25.10
+14.09%
9.16%US$28.00US$21.00US$27.5710
Nov ’24US$21.58
US$25.40
+17.70%
7.71%US$28.00US$22.00US$25.8010
Oct ’24US$21.42
US$25.50
+19.05%
8.08%US$28.00US$22.00US$26.2610
US$25.67
Fair Value
12.1% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/21 14:53
End of Day Share Price 2025/10/20 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kite Realty Group Trust is covered by 33 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
Anthony PowellBarclays
Anthony PowellBarclays