KITE REALTY GROUP TRUST (KRG)
US49803T3005 - REIT
We assign a fundamental rating of 4 out of 10 to KRG. KRG was compared to 126 industry peers in the Diversified REITs industry. Both the profitability and financial health of KRG have multiple concerns. KRG is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year KRG was profitable.
KRG had a positive operating cash flow in the past year.
KRG had negative earnings in 4 of the past 5 years.
KRG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.69%, KRG perfoms like the industry average, outperforming 52.85% of the companies in the same industry.
The Return On Equity of KRG (1.33%) is comparable to the rest of the industry.
KRG has a Return On Invested Capital of 1.54%. This is in the lower half of the industry: KRG underperforms 73.98% of its industry peers.
KRG had an Average Return On Invested Capital over the past 3 years of 0.88%. This is below the industry average of 2.95%.
The last Return On Invested Capital (1.54%) for KRG is above the 3 year average (0.88%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 1.33% | ||
| ROIC | 1.54% |
ROA(3y)-0.18%
ROA(5y)-0.24%
ROE(3y)-0.35%
ROE(5y)-0.48%
ROIC(3y)0.88%
ROIC(5y)1.16%
1.3 Margins
KRG has a Profit Margin (5.78%) which is in line with its industry peers.
The Operating Margin of KRG (15.80%) is worse than 64.23% of its industry peers.
In the last couple of years the Operating Margin of KRG has declined.
KRG has a better Gross Margin (74.43%) than 68.29% of its industry peers.
In the last couple of years the Gross Margin of KRG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.8% | ||
| PM (TTM) | 5.78% | ||
| GM | 74.43% |
OM growth 3Y11.63%
OM growth 5Y-8.62%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.5%
GM growth 5Y0.16%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KRG is destroying value.
KRG has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, KRG has more shares outstanding
Compared to 1 year ago, KRG has an improved debt to assets ratio.
2.2 Solvency
KRG has an Altman-Z score of 0.75. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.75, KRG is doing good in the industry, outperforming 63.41% of the companies in the same industry.
KRG has a debt to FCF ratio of 11.22. This is a negative value and a sign of low solvency as KRG would need 11.22 years to pay back of all of its debts.
KRG has a better Debt to FCF ratio (11.22) than 82.11% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that KRG is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.79, KRG is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 11.22 | ||
| Altman-Z | 0.75 |
ROIC/WACC0.21
WACC7.33%
2.3 Liquidity
A Current Ratio of 0.97 indicates that KRG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.97, KRG is doing worse than 63.41% of the companies in the same industry.
A Quick Ratio of 0.97 indicates that KRG may have some problems paying its short term obligations.
The Quick ratio of KRG (0.97) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 414.29% over the past year.
KRG shows a small growth in Revenue. In the last year, the Revenue has grown by 2.63%.
KRG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.37% yearly.
EPS 1Y (TTM)414.29%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q500%
Revenue 1Y (TTM)2.63%
Revenue growth 3Y45.61%
Revenue growth 5Y18.37%
Revenue growth Q2Q-2.16%
3.2 Future
KRG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.91% yearly.
The Revenue is expected to grow by 2.83% on average over the next years.
EPS Next Y-24.25%
EPS Next 2Y3.87%
EPS Next 3Y20.91%
EPS Next 5YN/A
Revenue Next Year0.96%
Revenue Next 2Y2.45%
Revenue Next 3Y2.83%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
KRG is valuated quite expensively with a Price/Earnings ratio of 98.73.
KRG's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of KRG to the average of the S&P500 Index (25.25), we can say KRG is valued expensively.
With a Price/Forward Earnings ratio of 130.33, KRG can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as KRG.
KRG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 98.73 | ||
| Fwd PE | 130.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KRG is valued a bit cheaper than the industry average as 63.41% of the companies are valued more expensively.
72.36% of the companies in the same industry are more expensive than KRG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.91 | ||
| EV/EBITDA | 13.5 |
4.3 Compensation for Growth
KRG's earnings are expected to grow with 20.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.87%
EPS Next 3Y20.91%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 4.77%, which is a nice return.
KRG's Dividend Yield is comparable with the industry average which is at 6.13.
KRG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
5.2 History
The dividend of KRG decreases each year by -5.44%.
KRG has been paying a dividend for at least 10 years, so it has a reliable track record.
KRG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.44%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
KRG pays out 442.52% of its income as dividend. This is not a sustainable payout ratio.
DP442.52%
EPS Next 2Y3.87%
EPS Next 3Y20.91%
KITE REALTY GROUP TRUST
NYSE:KRG (4/24/2024, 7:13:05 PM)
After market: 21.72 0 (0%)21.72
+0.03 (+0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.77B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 98.73 | ||
| Fwd PE | 130.33 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 1.33% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.8% | ||
| PM (TTM) | 5.78% | ||
| GM | 74.43% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)414.29%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-24.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.63%
Revenue growth 3Y45.61%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y