Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.
Metrics to compare | KRG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipKRGPeersSector | |
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P/E Ratio | −614.7x | 34.8x | 7.4x | |
PEG Ratio | 4.91 | 0.94 | 0.01 | |
Price / Book | 1.8x | 1.7x | 0.9x | |
Price / LTM Sales | 7.4x | 8.3x | 4.0x | |
Upside (Analyst Target) | 12.4% | 7.6% | 15.2% | |
Fair Value Upside | Unlock | −8.3% | 0.6% | Unlock |